The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1910-10-29

ano unpaid. as follows:
Warrants for the year 1887
Warrants for the year 1855 2sSs5s g.
Warrants for the year 1889. 4lS,227.54
Warrants for the year 1892. 5,767. 80
Warrants for the year 1893. 5,932,53
Warrants for the year 1894. 32.3l6.i3
warrants for the year 1897. 2.495.9S
All Of which warrants were duly pre-
ssnted Tor payment. and bear interest
u, ane rate OF six per cent. per annum:
sm.9qntins approximately. principal
va interest. on November 30th. 1910, to
O.. sum OF .2.114.7s2.96;
n Spd. whereas. the major portion OF
e Dove Indebtedness Is held in the
Mhie!.. der the constitution of the
So. st forever remain inviolate
an. = 4--, any loss thereof to be sup
p. the state:
- Whereas. it further appears
tina OF said warrants were issued in
p..'t-;,H OF the ordinary expenses OF
departments OF the state government,
inciutin. the per diem and mileage OF
the men ess OF the general asse mbly;
the per diem of the legislative clerks
aho employees; the salaries OF the gov
ernors: attorney generals. secretaries
Of state. superintendents Of public In
s.raetion. state auditors. treasurers OF
:mpiuyss , e.ssa''v' Officers and
preme. district and criminal courts,
and district attorneys the legislative
executive and judicial Incidental and
CURED for the erection of buildings,
ana the maintenance OF the state peni-
tentiary. insane asylum. Industrial
lege and soldisrs' and sailors home:
Whereas. no moneys are now in the
revenues of the fiscal years aforesaid.
wherewith to pay said warrants. or
: :ay Of iasm az ana a AL n. said indee,
Of interest: therefore
to The qualified electors OF the state
tion Of members OF the General Assem-
ply. Tor their approval or rejection. the
following amendment TO the constitu
when rstified BY = majority of those
voting thereon. shall be valid as . part
Of the constitution. to-wit:
lxij Of the constitution Of tn: stat. e Of
Colorado shall be amended so as to
r': .S.s a. soii0w: III. ,,,,. ,,.u m, nm,
tract any debt by loan In any form. ex-
cept to provide for casual deficiencies
Of revenue. erect public buildings for
ton. defend the state, or. In time of
war. assist in defending the United
states; and the amount OF the debt con-
deficiencies Of revenue, shall not exceed
ons-fourth OF mill on each dollar OF
valuation Of taxable property within
such debt shall not al 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
not exceed one-haif mill on each dollar
OF said valuations and tho aggregate
amount of such debt shall never ut any
dollars Except as provided in section
five OF this articic). and In all cases the
valuation In this section mentioned
s pa.s ss mn the Creation the o. ssa debt
:mss sI., q Sss. , -. ma, may he be
debt S0vf ~ the loan STAG ter m ,ns
and accrued interest of All the. out
sssnndinx warrants ,nr s,asa by Ms ,ia s
isss. isss. 1888. 1881. and 1881: said
debt to be evidenced by registered cou-
%" .%ssn, mo-; dHnsk Hs"S: 90
or 80 much thereof as may be necessary
to pay said warrants and interest
said funding bonds shall be
able At the option Of tn. State OF Colo
RADIO a, any time after d Ten years ss, from ON
payable fifty 800 years after their
dale. and shall be Of the denomination
Of One Hundred Dollars Sloo.oo) each,
or any multiple thereof. The Interest
ON said bonds shall be payable scni-an-
auaiiy at tho rate OF three per cent.
per nnnum At the office OF The state
treasurer. or at somc place In the CITY
Of New York, u. g. A., and the principal
Of said bonds shall he payable at the
office Of the state treasurer.
mo such bonds shall be Issued except
at par and accrued interest. ana upon
the contemporaneous surrender and
cancstiation Of = Ike amount OF prin-
cipai and interest OF said warrants.
said bonds to an amount onualing
the principal Of said warrants now held
BY the public school fund shall be reg
ietcrsd by the state auditor and state
treasurer IN tho nnmc and for tn. bcnc-
III OF and payable only to III. said fund
and shall not be transferable.
And all such bonds to nm amount
sQuaiing the interest on said warrants
now held In the school funt shall be
sold by the state treasurer at not less
than par and accrued interest; and the
proceeds thereof paid into tho school
fund, and distributed 10 tho several
counties and school districts OF tho
state for school purposes. In the pro-
portions and In the manner required by
Section .. Each eisctor voting at maid
election, and DESTROYS OF voting for or
against said amendment. shall deposit
In the ballot boz 4 ticket whcrcon shall
be printed or written the words: For