The daily sentinel., 1910-10-28
Total. .

warrants for The year 1924. 's.sie.i2
Warrants for the year 1897. 2.is5.sS
Total. ................, .,s73.o7l.s4
All Of which warrants were duly pre-
sented for payment. and bear interest
at the rate of six per cent. per annum
amounting approximately. principal
and Interest, on November 30th, 1910, to
the sum OF s2,iif.7s2.9s:
And, whereas. the major portion of
the above Indebtedness Is held in the
state school fund as an Investment.
which. under the constitution of the
state, must forever remain inviolate
and intact any loss thereof to be sup
piled by the state;
And. Whereas. 1t further appears
that all OF said warrants were Issued In
payment OF the ordinary expenses of
the legislative. executive and judicial
departments of the state governme nt
Including the per diem and mileage OF
the per diem of the legislative clerks
and employees. the salaries OF the gov
ernors. attorney generals. secret aries
OF state, superintendents OF public in
struction. state auditors. treasurers of
state, and other elective and
appo'intlvs exeentive officers and
preme, district and criminal courts.
and district attorneys; the legislative
executive and judicial Incidental and
contingent expenses: and expenses in
CURED for the erection of buildings
and the maintenance OF the state peni-
tentiary. insane asylum. Industrial
Sti'ois COL
lege and soldiers and sailors home;
and,
Whereas. no moneys are now In the
hands OF the state treasurer. OF the
revenues OF the fiscal years aforesaid
wherewith to pay said warrants. or
any any OF them; and all the said indebt-
eahess should be funded at lower rate
or Interest. therefore
Section 2 There shall be submitted
10 the qualified electors OF the state
Of Of coloradoi at the next general elec-
n IN Aral Ace
bly,. for their approval or rejection. the
following amendment to the Constitu
tlon of the state OF Colorado. which.
when ratified by majority of those
voting thereon. shall be valid as a part
Of the Constitution, to-wir:
8 Of he qss m OF afs!s AZ IL. stats ElsyeT
Colorado shall be amended so as to
section 3; The stat. shall not con-
tract any debt by loan In any form. ex-
cept to provide for casual deficiencies
Of revenue erect public buildings for
,hs ,i" use OF me STATE. suppress insurrec.
war. assist In defending tho United
states; and the amount OF the debt con-
dr,itsn traeted in any one year to provide for
one-fourth OF mill on each dollar of
valuation of taxable property within
snsb sne d.s; sha IN. % q
three:fourths of q mill on each dollar
or said valuation. until the valuation
hhdii cQuul one hunureQ mllllOnS OF DOL
lars. and thereafter such debt shall not
exceed ono hundred thousand dollars,
and the debt incurred In any one year
not exceed ons-haif mill on each dollar
amount of such debt shall never At any
dollars Except a. provided in section
five Of this articls). and In all cases the
valuation in this section mentioned
preceding the creation of Qaid dahf
.uaas s.'''s sss s.s. ,sss sss''9a may 70 ss:
eonir.es DEB. sy hs loan 'ass tor may sss
purpose of paying the principal
and soerued interest Of all the out
durinn anc for ahs oS las
1853. issi, 1884, 1884. and 1897; said
debt to be evidenced BY registered cou-
enn NOT saesedms nns GsSS
or no much thereof as may be necessary
to pay said warrants and interest
said funding .s1S ;h,n b.
able at the option OF the State Of Colo
their date. shall be absolutely due ana
date. and shall Ss Of the aenomin alton
OF OF on: am, hSnsIss mniss. HS
nuaily at tn. rate q three Per cent.
treasurer, or At some place In the City
of New York, U. 8. A.. and the principal
of said bonds shAli be payable Al the
office of the state treasurer.
NO such bonds shall be Issued except
at par and accrued interest, ana upon
the contemporaneous surrsnser and
cipal and interest sf said warrants.
said bonds 10 an amount eSuahng
the principal Of said warrants now held
by the public school fund shall be reg
istered by the state auditor ana state
treasurer In the name and for the sene-
tit of and payable only to the saia fund.
and shall not be transfsrabls.
"And all such bends to an amount
equaling the interest en- said warrants
now held in the scheel fund shall be
sold by the state treasurer at not less
than par and accrued interest: and the
fund. and distributed 10 the several
counties and school districts of the
state for school purposes. In the pro-
portions and in the manner required sy
"a w