The Springfield herald. (Springfield, Baca County, Colo.) 1887-1919, 1910-10-28

and prior. $3.50. 176.1
Warrants for the year 1883. 41S,221.54
Warrants for the year 1892. 5.76l,30
Warrants for the year 1893. 5.93253
Warrants for the year 1894. 32,316l3
Warrants for the year 1897. 2,49b.9S
All OF which warrants were duly pre-
scented for payment. and bear interest
at the rate of six per cent per annum;
a am, appToximatelys principal al
the sum OF s2.I14.762.96:
And. whereas. the major portion OF
which. under the constitution of the
state; must forever remain inviola.e
Piled by the state;
And, Whereas. it further appears
that all of said warrants We're issued in
payment OF the ordinary expenses of
the legislative, executive and judicial
departments of the. state government;
the members of the general assembly;
the per diem of the Legislative clerks
and employees; the salaries of the gov.
ernors. attorney generals. secretaries
of state. superintendents OF public in
struction. state auditors. treasurers OF
state, and other elective and
employees, judges OF the SUI
preme, district and criminal courts.
and district attorneys: the Legislative.
executive and judicial Incidental and
contingent expenses: and expenses in
and the maintenance of the state peni,,
Tertiary insane asylum. industrial
school. reformatory, agricultural col
leEe and soldiers and sailors home:
Whereas. no moneys are now In the
hands of the state treasurer. of the
revenues of the fiscal years aforesaid.
wherewith to pay said warrants, or
any OF them; and all the said indebt-
of interest; therefore
Section 2, 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 majority OF those
voting thereon. shall be valid a part
of the Constitution. to-wit:
Section Three go of Article Eleven
(XD of the Constitution of the State of
Colorado shall be amended so as to
Section ,; 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-
ton. defend the state, or. in time OF
war. assist in defending the United
States: and the amount of the debt con-
tracted in any one year to provide for
one-fourth of mill on each dollar of
valuation of taxable property within
the state, and the aggregate amount of
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
exceed one hundred thousand dollars,
and the debt incurred in any one year
for erection of public buildings shall
not exceed one-half mill on each dollar
of said valuations; and the aggregate
amount of such debt shall never at any
time exceed the sum of fifty thousand
dollars Except as provided in section
five of this article), and in all cases the
valuation in this section mentioned
oh he
preceding the creation OF said debt.
Provided; that in addition to the
incurred incurred as above. the state may
contract debt by loan for the
purpose of paying the principal
and accrued interest OF all the out
standing warrants issued by this state
during and for the years, 1887. lsss
debt to be evidenced by registered cou-
pom interest bearing funding bonds to
an amount not exceeding s2,ll5.oOO 100.
to pay said warrants and interest
th ssEEe9P9n ,,n,,ns ,ores shall he
dated December fst. 1910. shall be pay
able at the option of the State OF Colo
RADIO at any time after ten years from,
p t"s fifty t5o5 years after their
date. and shall be OF the denomination
OF one Hundred Dollars t@L0o.oo) each.
on said bonds shall be payable semi AN
nually at the rate of three per cent
a ~
,,raasurer or at some place in the CITY
~ Sew York. II, S. A.. and the principal
of said bonds shall be payable at the
office of the state treasurer.
mo such bonds shall be issued except
a par and accrued interest, and upon
the contemporaneous surrenuer anu
~ t,d interest OF said warrants
nr,ncJnaI of said warrants now held
the y ~ ,,,hIic school fund shall be reg
py ,ne ~, the state auditor and state
s vu in the name and for the bene-
VI, S "a nayable only TO the said fund
~ u, .baIi NOT he transferable
any a, "a ali such bonds to an amount
ttitu ,bn fnterest on said warrants
equa' Via In me school fund shall be
my ~. nc state treasurer at not less
sou ~ 90 and accrued Interest: and the
. .an thereof paid into the school
"a distributed 10 the several
tunu IVA schooi districts of the
couh''S r. schooI purposes in the pro-
sta. .I ,nd in the manner required by
,'ao''
law ,o,, ai.c,or yo,i,e, t said
Section j. Eacn eios'ot ,o, ,tS a. - SAL
election ana uesllous -, >Iiis , ~ u,
against sara aineiiuil.,en.' s,ia.a We I Isl
In the baliot poN y taShts ,nr az! .!l
he printed or WtN'e et tne III
the Amehotnelt w. $780, Al a. ~
NJ OF the Constitut.,ion' uhoi"s a..
state lndebtedness, ana the Worus;
Against Ine SHiehu I.t, ~ .,eetton
of Article NJ OF me SoistIsu it ui,u
ing the state lhuenieunefSIs Is. anu sta ~
Indicate ms apPrONa al VI uhSaPpi oN.tl ~