Gunnison news-champion., 1910-10-28
As7a.e7laA

~.rsans. Tor sSs s ssss Isl. iis s t.sss.ss
AZ Of which vc:.,.,: ..,. s,1sIas. 49, n,ss
seated for paymsat. eas bsar interesf
81 the rate Of sia Der cent. Dsr aanun.
sms1I,ntsns sns ,nia apSso.I.sisly pss.cipei
the sum of s2.iIA7sS -;
and whereas. the mAJss Uosttes -
sne above indebtednsas y held IN -
which. under the coaosstut,os q ~
state, must forever remain tavtos0Ao
end Intact, any ioss thsreof - - 0sao-
And. whereas IL further s-,>,
vat Al Of said werrants we're is6uo1 -
Pa meni OF The ordiaary expensss Of
Separ,ments Of the state soSeSnmsn,, % %
she msmbsrs q the genera ssssmbIy.
ena smpioyss; the salaries q the s's sov.
srnors attorney generals. socrst0rios
Of state. superintendsnts os public tn-
:.ss. ana '' osSer s'' ...esiss sssfss''s: .ss "a
sn1aoyss; Judges sns g.
lad district sttorneys the legislotive'
eoecutivs and Judicial Incidental and
eontinOsnt expenses; and expenses In
ena the maintenance Of the state peni.
eontiary. insane asylum. induotrial
echool. rsformatory. Agricultural col
leSs snd soldiers and sailors home.
Whereas. no moneys ere noe N the
hands Of the state treasurer, Of the
revenues Of the fiscal years aforesaid.
wherewith to pay said warrants. or
sny of them and all the said indebt-
edness should be funded ct a lower rate
of interest, therefore
Section 2. There shall be submitted
! TO the qualified electors OF the state
Of Colorado. at the next general elec-
eeon Of members of the General Assem-
bly,, for their approval or rejection. the
following amendment to the Constitu-
tion Of the state Of Colorado. which.
voting thereon. shall be valid as Q part
OF the Constitution. to-wit:
section Three 80 OF Article Eleven
(xD OF the Constitution Of the State of
Colorado shall be amended so as to
Section 8. The state sh.n not con
cept to provide for casual deficiencies
of revenue erect public buildings for
the use 81 the state. suppress insurrec-
tion. defend the state, or. In time OF
war. assist In defending the United
states and the amount Of the debt con-
ssstsd II any on. ys:r to Proyias for
one-fourth of a mill on each dollar Of
valuation of taxable property within
the state and the aggregate amount q
three-fourths OF a mill on each dollar
Of said valuation, until the valuation
shall equal one hundred millions of dol
lars, and thereafter such debt shall not
eaceed one hundred Thousand dollars
and the debt incurred In any one year
for erection of public buildings shall
not exceed one-half mill on each dollar
OF said valuation; and the aggregate
omount OF such debt shall never at any
time esceed the cum of fifty thousand
dollars Except as provided In section
five of this article), and In all cases the
valuation In this section mentioned
pre- ding the creation OF said debt
.m6G8t T1y'dsS of 'e: aee, " tss ssGn may be be
purpose Of paying the principal
and accrued interest OF all the out
during and for the years, 1887 1855
1889. 1892. 1893. 1894, and 1897: said
debt to be evidenced by registered cou-
ea amount not exceeding e2.115. zoe. 90.
or SO much thereof as may be necessary
to pay said warrants and interest
said funding bonds shall be
dated December LIST. 1910. shall be pay
able at the option Of the State of Colo
rado at any time after ten years from
their date. shall be absolutely due and
PAYABLE fifty 500 years after their
date, and shall be Of the denomination
OF one Hundred Dollars VtooooD each,
or any multiple thereof The interest
on said bonds shall be payable semi-an-
nuany at the rate of three per cent
uer annum at the office OF the state
treasurer or at some place in the CITY
~ New York. U. S. A., and the principal
81 said bonds shall be payable at the
s,fiFe az the state treasurer.
t.No such bonds shall he issued except
at par and accrued interest. ana upon
the Contemporaneous surrender ana
caDcellatiOn Of a like amount OF prin-
'ltr.aI ana interest of said warrants.
s,Seid bonds to an amount eauailng
the principal of said warrants now heid
X ublic school fund shall be reg
ts,ersa nv the state auditor and state
.rsasurer in the name and for the bene-
III Of and payable sse,shee 9a,y 20 she sara iu"'
SApd All such bonds TO an amount
.o,sftng the Interest on said warrants
now held in the school innd shaI i ee
49, mar and accrued Interest; and the |
ararstas thereof paid into the school |
ga and distributed 10 the several |
fnhe, and school districts of the |
Ct,ta f0r school purposes. In the pro- |
Irons and in the manner required by |
"a aS.to, 2 Each elector voting at said |
,s,ton and DESTROYS Of voting for or |
atnst said amendment, shall deposit
sest. baIIot box a ticket wnereon shall /
N ~ tnst,tsA or written the words: For /
r1enArneut to Section OF Article
N Il the Constitution, fdheihs Jne
s..strs+ the Amendment to Section 4
=, srticle XI Of the Constftution. tGnd,
- TIE state lndebtedness arc shs.l
lle.fvg A cross (X1 opposite one or the
stTer q said groups of words on his
ballot. -. .or ,bs ascn+io, nv
t5-eto, or said amendment shall be
L.-,esset and the result determined. IN
.as-ver rescrfhed by the laws OF
re -. for the canvass of votes for
..y-ssentative. in congress
r f-E1.t5, immediately upon aocer-
Sf.g that said amendment to the
49,, ,tTufion has been adopted Nv the
S.rpIs OF the state. the Governcf. SeAf-
vsf.r- state treasurer, attorney &eA-
80 80 secretary Of state shall meet
s..Esr a. the office Of the state treas
.ra organize - q deet-fundfng
srer.s - .1sc-iug one Of It's members
S...,asrt ard another secretary 0f safc
X-s rsrh member OF said board. and
sry of their successofs N o1ffce. sneh