The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1910-10-29
lag II. stat, 1ndebtsdns,,. and ~,

iay ths state debtsdnsss." and shall
placing a cross (x) opposite one or the
ballot. i MS
The, votes cast for the adoption or
rejection OF said amendment shall be
canvassed, and the result determined, In
the manner prescribed by the laws OF
the state for the canvass of votes for
representatives in congress.
Section 4. Immediately upon ascer-
tanning that said amendment to the
Constitution has been adopted by the
people of the state, the governor, state
auditor, state treasurer. attorney gen
eral and secretary OF state shall meet
together at the office of the state treas
nnrer, ana organize as a debt-funding
president and another secretary of said
board. Each member OF said board. and
any OF their successors in office, shall
take and subscribe an oath of office
state, IN the usual form required of
state Officers, for the faithful dis
charge or the duties required by this
act SAID board is hereby authorized
ana empowered to subpoena witnesses
ssnd Tor persons and papers. administer
oaths' and perform other acts neces-
charge of Its duties. The p't tpeasn u,sr
ana auditor shall furnish the necessary
clerical help required by the board.
SAID board shall consider and deter
nn1 .,t a.,vuht whicn should fairly
SAID warrants, and is an honest obliua-
non OF the state. and shall thereupon
sta a ena Of liLs ts fpil and eomplete
a az Win the auditor OF the state, and
the decision Of a majority of said board
with respect thereto shall be final.
section 5. After said board has filed
IT'S report with the auditor of state. the
governor. the treasurer and the secre-
tary OF state are hereby authorized to
issue the bonds of the State of Colo
raoo In accordance with the Constitu-
tloh so amended in a sum not exceed
ing two million, one hundred and fiji
teen thousand dollars ($2.l16,00O.00)
and to exchange said bonds. or so
par and accrued interest. for said war
rants of the State of Colorado, issued
IN and FOR the years 1887, 1858. 1889,
the interest accrued thereon. upon sur
render of an equal amount OF said war
rants for cancellation. The holders OF
STATE sny sn rsa warrants may pay into the
Sloo w each, necessary to pay for the
bonds SO delivered to them, respectively.
said bonds shall be dated December
Isl 1910. shall be due and payable in
nifty years, with the option of redemp-
tion al par and accrued interest in the
order or their number at any time aft
er ten years from their date, at the Of
flee OF the state treasurer OF the state
OF Colorado, and shall bear Interest at
the rate of three per cent per annum.
the state treasurer in the City OF DEN
yer. Colorado, or In the City OF New
York. Said bonds shall be numbered
eonseentiysly, beginning at number
one. and shall be registered in the Of
fice OF the auditor OF state. and his
eertiIicate OF such registration. at
tested by the seal of his office affixed
legal Issue.
Section Q. The bonds issued under
this act shall be known as Funding
Bonds; Series Of 1870" and shall be
by the state treasurer. and attssted by
!he secretary OF state. who shall affix
the great seal Of the state TO each bond.
r.s n,n s%n IN shall ball b. numbered and
pose by the state auditor and state
treasurer: In the order in which they
are issued. Each bond shall be payable
face the amount for which II IL Issued.
me date OF Its issuance. and the title of
this act. together with the section and
the Issuance of said bonds. and the IT,
tie and text of this act shall be printed
on the reverse side OF each OF said
bonds. Only such amount and number
Of said bonds. shall be Issued a. NAV
be necessary to take up or pay the out.
standing warrants of the state herein.
above mentioned.
Section Z: Whenever the bonds pro-
vided In this act are Issued, II shall be
.he uuty OF the stat" board Of equalixa-
tiYh 10 ,eNy aud assess special tax on
az taNabic property In this state sufn-
cieht IN amount To meet the scmi-an-
null interest," accruinx on said bonds,
" men ,"N "heh corrected snail be paid
INTO tne state treasury TO tn. credit OF
the interest fund Of said bonds, known
az undlng bonds. SERIES OF 1915"
ahu Tor ,he ultimate redemption OF said
oohus th.re snail be levied annually
iSr Iory y.nrs; after ten years from
the dht. OF their Issuance. such tax
upon al me taNdblc property In tn.
state as shall create an annual fund
sgIeI 10 tWp hnd one-haIf per cent.
, - OF We whole amount OF the
ponus issucd; which iund shall be