Gunnison news-champion., 1910-10-14


section l. WHEREAS. u appsars
from the reGisier OF errants IN the Of
floe of the state auditor and Of the
state treasurer thai warrants OF the
state of Colorado we're duly issaed dur
ine and prior TO the year <se9 for the
sssresa,s sum q Eisht Hgnared and
one Dollars and Eighty -four cents
ssss.e7is4. and are stin ssssssnasns
Warrants Tor the year 1881
WARRANTS Cor the year isss. aSssss.ss
fs5 sss the yss5 year sss sss
Warrants for the year 1893. 5.s22k2
Warrants for the yeas 1894. s2.2lsI2
All % which wasssats we're duly pre-
al the rate % six per cent per snnum.
amounting approximatelys principal
aud interest on November 9oth. 1910. TO
the sum Of tz.ll4762.ss.
And. Whereas. the major portion %
the above Indebtedness In held In The
state school fund ~ an investmsnt
which. under the constitution Of the
state, must forever remain tnviolato
and intact any loss thereof to be suo-
piied by the state
that all OF said warrants were Issued "
payment of the ordinary expenses OF
the legislative, executive and judicial
including the psr diem and mileage q
the members u the general assembly
the per diem Of the legislative clerks
eunors, sttorney generals. sscretsriss
q state. superintendsnts 0f public In
s,ruction, state auditors. tressarsrs Of
ssScins,s: s:' s.ssssiv. sf Sffis::. :nS :nS
srs%s' district and or.m,n.i co.sss.
sascutivs and judicial Incidental and
contingent expenses and exPenses In
CURED for the erection Of ssiiAlnss.
tsntiary. insane ssylum. industrial
ochool. roformatory, agricultural col
lsse saA soldiers sad sailors home;
Whsrees. no moneys ere now p he
hands Of the state treasured, ef the
revenues of the fiscal years aforesaid.
any Of them; and all the said indebt-
edness should be funded at 4 lower rate
Of a,sr interest, Therefore %ssl ,.u =. ,,.,n,,,.s
TO the qualified electors of the state
Of Colorado. at the next general elec-
bly,, for their approval or rejection. the
following amendment to the Constitu-
tion of the state Of Colorado. which.
san. wsin e .s. ss o q p..
Of the Constitution. to-wH:
section Three ,s) Of Article Eleven
Colorado shall be amended 30 - to
Section 8. 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
the use Of the state, suppress insurrec-
var. assist In defending the United
states and the amount OF the debt con-
tsectea In any one yeas 70 provide for
one-fourth Of . mill on each dollar Of
valuation of taxable property within
the state, and the aggregate amount Of
axxssh AuE. haI mot at nv lrusa GAd
three-fourths of q mill on each dollar
OF said valuation. until the valuation
shall equal one hundred millions OF dol
lars, and thereafter such debt shall not
eacoed one hundred thousand dollars.
ana the debt Incurred in any one year
for erection of public buildings shall
Of said valuation; and the aggregate
emosat Of such Aebt shall never at sny
leIe saeeed the ssn Of fifty thousand
five of this srticle), and In all cases the
valuation In this section mentioned
sas Ss that Of ,hs sss
s~oans' oi sss deb, the, may be Ss
aes s"vs ~ the ean state er sss
purpose OF paving the principal
and accrued interest Of all the out
aISns snrISs ana "rrs for the s" wears " ISIS ISIS
1883, 1891. 1893. 1894. and 1897: said
debt to be evidenced by registered cou-
X - e@ount not exceeding o2.1i5. .eoo 90.
or 90 much thereof as may be necessary
TO pay said warrants and interest
said funding bonds shall be
dated December LIST, 1919, shall he pay
able at the option of the State OF Colo
RADIO at any time after ten wears from
their date, shall be absolutely due and
payable fifty t50D years after their
date and shall be of the denomination
OF One Hundred Dollars OIoo.eo) each,
or snv multiple thereof The interest
on said bonds shall be payable semi-an-
nuany at the rate Of three per cent.
treasurer. or at some place in the city
Of New York, U. S. A., and the principal
Of said bonds shall be payable at the
office Of the state treasurer
No such bonds shall he issued except
at par and accrued interest. and upon
the eontemporaneous SURRENDER aho
caneelIation Of a like amount OF prin-
email and interest of said warrants
ssesid bonds to amount equaling
the principal of said warrants now held
isterea by the state auditor and state
sreasurer in the name and for the hene-
fit of and payable only @ 20 m sara ioha'
sAnd all such bonds TO an amount
eoualing the Interest on said warrants
now hela In ths srsee1 tpna al Sns ne, s
man par end accrued Interest. and the
nrcceeds thereof paid into the school
xnd and distributed 70 the several
mites and school districts of the
state for school purposes, IN the pro
portions and In the manner required by
law"
section 8 Each elector voting at said
slection and desirous of voting for er
against said amendment, shall depesit
q. The ballot box q ticket whereon SHAH
hs prinred or written the words; For
tbe Amendment 20 Section q Article
NJ ~ he C-gnst tuition. Funding the
STATE Indebtedness. and the words
against the Amendment TO section J
Of Article xI Of the Constitution. Fund
fne fhe state Indebtedness, and shall
trfieate HE approval or disapprovai by
racing a cross (Nl opposite one or the
rtEer a said groups Of words on his
ballot z... -
vetectinn of said amendment shah he
caryaseed ard the result determ med. in
ths manner prescribed by the laws Of
,be state for the canvass Of votes Tor
rsprese natives IN congress-
Section q ImmeGiatelv upon ascer-
,atrfne that said amendment 20 the
Conetftusfon has been adopted by the
Dscple of the state, the governor. state