Gunnison news-champion., 1910-11-04

warrants ios the year isss sis57fH
warrants Tor The yssr 1893. s.ssaE
@.1s:a:: is: &c; 4: 4: zee: s::s M i::s
Al q which vcss.as. Ger. ssiy Hsa pss,
sented for payment. aaA bear Interest
81 the rate Of slA Per cont Dss eRR uws
smSrnssns am Apprealms.sly prinsspoa
ihe sam q ss'i,S.sssss A' '
And. Whereas. the major Uorttsa -
the above Indebtedness 10 he'd In -
state sonssl fsns e en isvss,.esA
state, must forever remain tavksao1o
and Intact, any loss thereof - - -
Ana whereas. /, further sep.se,
that oil Of SAID warrants Wers ss6Ho1 y
the iesislstivs, executive and jaSic.si
neissn: *. I, s.s sns :..% .:: s.I .a@:
The Hsr dIsa % the lsgIsistivs ciss6s
ernors, stisrney senereis. ssesssssiss
ssrseiios. stsss sssfs:sa iss.ssssss =
:ssss: :ssss s:' ..:sssv. ssss ::sss s:s.:. 81 81
s1s%s ssas,': district ,sss:: ana sr..,p.i ~ e..s
snd ,e,,, district sttsrssys; ,,; tn. ,ssi:lstivs
costinssnt expenses and expensee In
CURED for the erection Of buillin9s
end the maintenance OF the state peni-
echoel. reformstory. agricultural col
leGe ena soldiers and sailoss' home !:
whsr..s. no money. ar. nov ). The
hands OF the state treasurer, 81 tho
revenues of the fiscal years aforesaid.
wherewith to pay said warrants. or
sdnsss should be funded al : lever rate
OF Interest; therefore
Section 2. There shall be submitted
to the qualified electors Of the state
No. Of members Of the General Assem-
oily, for their approval or rejection. the
following amendment TO the Constitu-
tion of the state OF Colorado. which.
when ratified by a majority Of those
votin0 thereon. shall be valid - . part
of the Constitution. to-wit:
(xD Of the Constitution Of the state Of
Colorado shall be amended so as 90
section g. The state shall not con-
tract any debt by loan In any form. ex
cept to provide for casual deficiencies
OF revenue, erect public buildings for
tion. defend the state, Or in time OF
war. assist In defending the United
states and the amount ef the debt con
esficisncies of sewenus' @ nue. shall S pot mo-, exceed @
one-fourth Of . mill on each dollar Of
valuation of taxable property within
such debt shall not at any time exceed
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
sxcssd one hundred thousand dollars.
ana the debt incurred In any one year
for erection Of public buildings shall
smount Of such debt shall never at any
ekns eaceed the cum OF fifty thousand
five of this srticls). and in all casss the
valuation In this section mentioned
shall be that of the assessment last
Provided. that In addition 10 the
Incurred. as above. the state may
pSrpo.e per Of % paving the % principai 5Gr pa
and accrued interest Of all the out
standing warrants issued by this state
Gsrsn Gsss 1sss sc 1888 ,S Us issi snd 1881 ssid
debt to be evidenced by registered cou-
pom interest bearing funding bonds 70
or 90 much thereof as may be necesssry
TO pay said warrants and interest
said funding bonds shah be
able at the option OF the state of Colo
RADIO at any time after ten years from
their date. shall be absolutely due and
ef one Hundred Dollars CyIeo 00l each.
or any multiple thereof. The Interest
nueiiy at tn. rate Of three per cent
per snnum at the office OF the state
treasurer. or at come place In the city
Of Of ssS ssis pend. = shall Il be % payabfe al he
office Of the state treasurer.
mo euch bonds shall be issued except
at par and accrued interest, and upon
the contemporaneous surrender and
cancellation Of like amount OF prin-
cipaI and interest Of said warrants
said bonds 10 an amount eaualing
the principal Of said warrants now held
by the public school fund shall be reg
istered by the state auditor and state
treasurer In the name and Tor the bene-
Sfs of and payable only 10 the said fund,
and shall not be transferable.
"And all such bonds 20 an amount
equa ling the interest on sald warrants
sold by the state treasurer at not less
than par ana accrued Interest, and the
proceeds thereof PAID into he sehool
counties ard school districts Of the
.tste for school purposes, In the pro-
port ions and In the manner required BY
section g. Each eiector voting at said
election. and eesircus Of voting for or
against said amendment. shall deposit
IN the ballot box ticket where0n shan
he printed or written the words; For
ne Amendment 10 Section Of Article
VI of the Constitution. fundins the
AGAINST the Amendment 20 Section 5 /
n Article XI Of the Constitution. Fund
ing the state 1ndebtedness" and shall /
Indicate hie approval or eissppr0vai BY I
, aeing a cross fX) opposite one or the /
Dther of said groups Of words on his
sellot-
The votes cast for the adoption or /
rejection Of said amend rnent shall he 4
,arvasset. ars the result deterni ned. In /
Re ma amor prescribed by the laws Of /
he etafe for the canvass Of votes fer /
IN congress
Section q Immediately upon ascer-
aiming that said amend r1eut 20 the
Con Institution has been adopted Nv the
luctfc-. e-efs treasurer. attorney sey- i
bra and secretary Of state sfaIl meet /
.oRether at the office Of the state treas
Brer and organize a. a dsOt-rund iug /
board. bv erecting one Of It's me n tae-s /
Dress soe-t sue anOr her secrerarg q "a "a 4
board Esrh member Of said board and i