The Elbert County tribune., 1910-11-04


warrants for the year 1887
fsF fsF sss :ss yssi 1855 ssss
Warrants for the year 1892. 5.767.30
Warrants Warrants for for the the year 1929. 1929. ,ss.ss25s
| Warrants for the year 1897. 2.495.9S
All OF which warrants were duly pre-
sented for payment, and bear Interest
at the rate Of six per cent per snnnm
the sum OF s2.114.7s2.96:
the above indebtedness Is held in the
state school fund as an investment,
state, must forever remain inviolate
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
departments OF the state goveTnment, gov
the members Of tho general assembly:
and employees: the salaries of the gov
| ernors. attorney generals. secretaries
struction. state auditors. treasurers of
appeintivs executive Officers and and
Re.ssdi preme, district itses and Criminal courts.
and district attorneys; the legislative:
contingent expenses. and expenses in
CURED for the erection of buildings.
and the maintenance OF the state peni;,
school. reformatory. agricultural col
lege and soldiers and sailors home:
and.
whereas. no moneys are now In the
| hands of the state treasurer. of the
Of the sc.
any OF them; and all the said indebt-
edness should be funded at a lower rate
Section q. There shall be submitted
to the qualified electors of the state
tion Of members Of the General Assem-
| bly,, for their approval or rejection. the
following amendment to the constitu-
voting thereon. shall be valid a part
Section Three Is Of Article Eleven
| CxI) of the Constitution OF the State of
Colorado shall be amended SO as to
section 3: The. state shall not con-
tract any debt by loan in any form. ex-
| of revenue, erect public buildings for
the use OF the state. suppress insurrec--
asfsnd assist the sfa1e or IN. IN time o
| states: and the amount of the debt con-
tracted In any one year to provide for
one-fourth Of a mill on each dollar of
| valuation of taxable property within
eb ne des sha shai ihe net , xreed oi
| three-fourths of mill on each dollar
| OF said valuation. until the valuation
lars. and thereafter such debt shall not
| exceed one hundred thousand dollars,
for erection OF public buildings shall
not exceed one-half mill on each dollar
OF said valuation; and the agsresate
time exceed the sum of fifty. thousand
dollars Except as provided In section
valuation in this section mentioned
shall be that OF the assessment last
iaeSrrsd. al a. above. S' the the state may y
pSns' pSapose Of payins Ssn the pfincpsi % ai
and accrued interest of all the out
standing warrants issued by this state
1883, 1897. 1893. 1891. and 1897; said
debt to be evidenced by registered cou-
amount aos oe1ses eaessedns SS
or so much thereof as may be necessary
to pay said warrants and interest
"said funding bonds shall be
dated December 1st,. 1910. shall be pay
RADIO at any time after ten years from
their date. shall be absolutely due and
ag. Saie. and s shall be- be of the denomination
of One Hundred Dollars 0Ioo.ool each,
or any multiple thereof The interest
per annum at the office of the state
| treasurer.
OF New York. u. S. A.. and the principal
OF said bonds shall be payable at the
office of the state treasurer:
at par and accrued interest. and upon
the contemporaneous surrender and
cancellation of like amount of prin-
cipal and Interest of said warrants.
said bonds to an amount equaling
the prinePal OF SAID pd sbsi nov bs nela
treasurer in the name and for the bene-
a .s,xr rnl lIa nrll " n
and shall not be transferable.
"And all such bonds to an amount
| euualing the interest on said warrants
now held in the school fund shat be
sold by the state treasurer at not less
than par and accrued n,s interes,; ,n, and , ths
fund and distributed TO the s. veral
counties and school districts OF the
state for school purposes. In the pro-
portions and in the manner required d by
Section 8. Each elector voting nj su ID
election, and desirous of voting for or
against said amendment. shall deposit
In the ballot box a ticket whereon -,
The amendment to Section of Article
XI OF the Constitution. Funding me
Against the Amendment to Section 3
OF Article xI of the Constitution. Fund
Ing. the state lndebtedness and shall
placing a cross (X) opposite one or the
other OF said groups of words on his
The, votes cast for the adoption or
rejection of said amendment shall be
the manner prescribed by the laws of
the state for the canvass OF votes for
representatives in congress.
Section 4. Immediately. upon ascer-
tanning that said amendment to the
Constitution has been adopted by the
people of the state. the governor, state
auditor. state treasurer. attorney gem
eral and secretary OF state shall meet
urer. and organize as a debt funding
board, by electing one of it's members
president and another secretary OF said
board Each member of said board and
any of their successors In office. shall