The daily sentinel., 1910-11-01

state treasurer that warrants OF the
State Of Colorado were duly issued dur
aggregate sum OF Eight Hundred and
Seventy three Thousand and Seventy
one Dollsrs and Eishty-four cents
ts73.o7Ls4), and are still outstanding
and unpaid. as follows:
warrants for the year 1887
warfaRts Rts'f Tor the year isss sg.5s. asIs5ss5
Warrants for the year 1889. slS.227.54
Warrants for the year 1892. 5.767.30
Warrants for the year 1923. 5.s32.53
Warrants for the year 1894. 32.316.l3
Warrants for the year 1897. 1.4s5.9s
Ali OF which warrants were duly pre-, a
sented for payment. and bear Interest
at the rate of six per cent. per annum.
amounting approximately, principal
and Interest, on November 20th, 1910. to
the sum OF s2.i14.762.96;
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
And, Whereas Il 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 government,
including the per diem and mileage of
the per diem Of the legislative clerks
and employees; the salaries of the gov
ernors, attorney generals. secretaries
of state. superintendents of public in
sppeintiSs executive ffr officer. AND AND
emRsye. ens%e district eaEss and ermna OF sh' cou..
and district attorneys; the legislative.
executive and judicial Incidental and
Cured for the erection OF buildings.
and the maintenance of the state peni-
tentiary. insane asylum. industrial
lege and soldiers and sailors home
and,
Whereas, no moneys are now in the
hands of the state treasurer. of the
revenues of tho fiscal years Aforesaid.
wherewith to pay said warrants, or
any Of them; and al the said indebt-
edness should be funded at lower rate
of interest: therefore
Section 9. There shall be submitted
to the qualified electors of the state
OF Colorado, at the next general cleo
tion of members of the General Assem-
| bly,, for their approval or rejection. the
following amendment to the constitu-
when ratified by a majority of those
voting thereon. shall be valid as 4 part
| of the Constitution, to-wN:
| (xI OF the Constitution of the State of
Colorado shall be amended SO As to
section g. The state shall not con-
tract any debt by loan In any form. ex-
cept to provide for casual deficiencies
the use OF the stats, suppress insnrrec-
tion. defend the state. or. In time OF
war. assist in defending the United
States: and the amount of the debt con-
deficiencies of revenue. shalt not exceed
one-fourth of mill on each dollar of
the, state: and the aggregate amount of
such debt shall not At any time exceed
three-fourths of mill on each dollar
of said valuation. untf1 the valuation
shall equal one hundred millions of dol
| lars, and thereafter such debt shall not
exceed ono hundred thousand dollars.
for erection OF public buildings shall
not exceed one-haif mill on each dollar
time exceed the sum of fifty thousand
five Of thi. srtieis). ana in ali cases the
sh.ii Be that Of the assessment last
preceding the creation of said debt.
p,o,id.a ths, S.a, in ,sat aai'i1n to tn: h:
Incurred. as above. the state may
contract q debt by loan for the
purpose Of paying the principal
standing warrants issued by this st ate
during and for the years: 1887, 1883.
pom interest bearing funding bonds to
An amount not exceeding s2.1l6.o0o.oo.
or SO much thereof as may be necessary
thereon. II ess -A' 'n's''''
said funding bond. shall be
dated Deesmber list. 1910. shall be pay
RADIO at any time after ten years from
their date. shall be absolutely due and
.na as .S. 80 y,s. tasl sasia
or any multiple thersof. The interest
s.y .sa se-d d. .. ,: 81 p:r
per annum at the office of the state
| treasurer. or at some place In the CITY
ssT ssia bond. u :hs BE- nS p.yssIs % n. sne
office of the state tres,urer
the contemporansous surrender and
cancellation of like emount Of prin-
cipal and Interest of said warrants.
the principal Of said warrants now held
| by the public school fund shall be reg
istered by the state auditor and state
| III OF and payable only to the said fund.
| and shall not be transferable.
"And all such bonds to an amount
soualing the interest on said warrants
| now held In the school fund shall be
| sold by the state treasurer at not less
par ans Ss.a ss .ns
fund. and distributed TO the several
counties and school districts of the
RYST.n'on' RYsw'n ana !" 'a' manner required os
| Section ). Each elector voting at said
| election, and desirous of voting for or
1 AGAINST said amendment, shall deposit
in the ballot box = ticket whereon shall
| be printed or written the words: For
the Amendment to Section ! of Article
| NJ of the Constitution. Funding the
1 state Indebtednsss." and the Woras:
against the Amendment to Section )
| of Article XII Of the Constitution. Fund
Ing the state Indebtsdness." and shall
| indicate his approval or disapprovel by
placing cross (x) opposite one or the
other OF said groups OF words on his
ballot.
The votes cast for the adoption Or
| rejection of said amendment shall be
canvassed. and the result determined. In