The Elbert County tribune., 1910-10-21

aggregate sum OF Eight Hundred and
dss7s,o7i-s!). and are Stiff outstandins
and unpaid, a. follows:
warrants for the year 1887
waarsS'. s9a 0. sel the year ssSssssss
Warrants for the year 1889. tlS.227.54
warrants FOR Tor the the year year 1855. 1855 S.ssa.sS
Sr fSr &: T.: year 1884, 1884,
All % Of which warrant: were 'ssi:v'ise sniy pre-
at the rate OF ak per cent. per annum.
and Interest, npNs on November soth' nE,pr Isio, to
the sum Of $2.114,762.Ss:
,,a AND, "soya Whe,reas ,rsas the major portion Of
which. under the constitution Of the
and intact, any loss thereof to be sup
piled by the state;
that all OF said warrants were ISSUED in
payment OF the ordinary expenses of
the Legislative. executive and judicial
Including the per diem and mileage OF
the members of the general assembly;
hs a sm q n. ~
of state, superintendsnts Of 'pufiias pSbiic in-
spp9lntiys executive Officers and
Sns@e d.fIos Sesss and ermlnai sh' eours.
and district attorneys; the legislative,
executive, and judicial Incidental and
curred for the erection Of buildings.
and the maintenance of the state peni..
asylum ndSsta
lege and soldiers and sailors home;
Whereas. no moneys are now in tho
hands OF the state treasurer. of the
revenues OF the fiscal years aforesaid.
amy hsm to Pddy ali iad the saa nsebe
edness should be funded at a lower rate
OF interest; therefore
to the qualified electors OF the state
of Colorado, at the next general cleo
tion OF members OF the. General Assem-
following amendment to the Constitu-
tion OF the State of Colorado. which,
voting thereon. shall be valid as a part
of the Constitution. to-wit:
& of The az Ss satS
Colorado shall be amended 80 as to
''section .. The state shall not con-
cept to provide for casual deficiencies
the use Of the state. suppress insurrec-
tton, defend the state, or, in time of
war, assist IN defsndinF the United
dsficisncies' of revenus. shall not exceed ed
valuation Of taxable property within
the state, and the aggregate amount of
such debt shall not at any time exceed
-fourths of mill on each dollar
of said valuation. until the valuation
'ghall equal one hundred. millions OF dol
exceed one hundred thousand dollars,
and the debt incurred in any one year
nor s9essd srsspe OF sauh aoa
smount Of such debt shall never at any
dollars & gss except PIT as % provided in dn section
five of this article), and in all cases the
vsIyaion IN this section
Drsfssa a' thss q SsS
i$ssRs asss1sa ssSs Sss' that mss ss
DuEpo.s q psyinE the a pr Pprine,pal lip,
standing warrants Issued by this state
during and for the years, 1881 1889
dsss to sss Se @ BY es resstssed eo
pom interest bearing funding bonds to
an not
to pay, said warrants and interest
sH SAID funding bonds shall be
dated December ist.. 1910, shall be pay
able at the option of the state of Colo
rado at any time after ten years from On,
date. and shall be of the denomination
or OF amy any multiple multiple Thereon. Ths The interest
on said bonds shall be payable semi-an
nually at the rate OF three per cent. cent.
treasurer. or at some place In the CITY
OF New York, U: s: Al and the hep principal Pal
office OF the state treasurer.
sNo such bonds shall be issued except
at par and accrued interest, and upon
the contemporaneous surrender and
Cancellation OF a like amount of prin-
cipai and Interest of said warrants
,hs Iarn nrincipai lo 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.
.cuaiiur the interest on said warrants
now held in the school fund shall be
sold by the state treasurer at not less
thar mar and accrued interest. and the
proceeds thereof paid into the school
fund, and distributed TO the several
counties and school districts of the
ssste FOR school purposes. in the pro-
faw.'
election, and desirous of voting for or
s9aiust said amendment, shall deposit
he printed or written the words: For
the Amendment TO Section . 81 Article
xI Of the Constitution. Funding s the
Against the Amendment to Section ,
Of Article xI of the Constitution. Fund
indicate his approval or dIsapprovai by
placing cross (x) opposite one or the
other Of said groups Of words on his
ballot.
reflection 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
Bection 4. Immediately upon ascer-
taiuing that said amendment to the
Constitution has been adopted w the
people OF the state. the governor. vSAfe
eral and secretary OF state shall meet
together at the office of the state treas
urer and organize a. debt-funding