The daily sentinel., 1910-10-29

anu uHpdid, hh lOllOW1.
Warrants for the year 1887
warrants Tor the year issi. afS55ss Is
warrants Tor the Year 1852. S7s7So
Warrants for the year 1898. b93253
Warrants for the year 1891. 32.3l61s
Warrants for the year 1891. 2.4e5.es
Total. ,..............s .ss7s.o71.s4
All of which warrants were duly pre-
sented for payment. and bear interest
amounting sn.iIg, appToximately, principal
the sum Of s2.114.762.9G;
And, Whereas. the major portion of
the above indebtedness Is held in the
state school fund as an investment.
%nieh' s,ste 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
departments of the state government.
including the per diem and mileage OF
the members OF the general assembly:
tho per diem Of the legislative clerks
and employees: the salaries of the gov
ernors, attorney generals. secretaries
OF state. superintendent of public In
struction. state auditors. treasurers of
state; and Other ELECTIVE and
employees. Judges of tho SUI
preme. district and criminal courts.
anao,t,;t and dlstrie. st'Srnsys a the legislative
contingent expenses; and expenses in
CURED for the erection of buildings.
and the maintenance of the state peni-
tentiary. insane asylum. Industrial
school, rsformatory. agricultural col
loge and soldiers' and sailors home;
and,
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
nf han nj ha salA lad
ednsss should be funded at q lower rate
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
tion of the state of Colorado. which.
whom ratified by majority of those
voting thereon, shall be valid as a part
OF the Constitution. to-wit:
Section Three t3) of Article Eleven
(Xl) of the Constitution of the State OF
Colorado shall be amended SO as to
Section 8; The state shall not con-
TRACT any debt by loan In any form. ex-
cept to provide for n,;u casual dsf,eieaeies
the use OF the state. suppress insurree-
tion, defend the state, or. in time of
var var, assist IL. ~, in defending the United
tn,sd;Sndi trsetsd In any one yssr 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
thres,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
oxcesd one hundred thousand dollars,
for erection OF public buildings shall
not exceed ons-haif mill on each dollar
oS " Ss aa .S. the H .ns
time exceed the sum of fifty thousand
dollars except A. provided In section
five Of TIL, srtieis>. and In all eases the
preceding the creation Of :aid debt.
.mdnS, 'e: a.s. in ,ss sti'Gn %.y 10 B: 5:
Incurred. as above. the state may
contract a debt BY loan for the
purpose Of p.yini the ,prineip:;l
| standing warrants issued by this etate
dying .sspd , fer 'hs ys.r. ls,1 iass; ,s
pom interest bearing funding bonds to
an amount not exoseding e2llS.0o0.eo.
or so much thereof as may be necessary
| to pay said warrants and interest
said funding bonds shall be
dated peesnber ist. 1870. shall b Isy-
rsdo % at any tim. After ten years from
their date. shall be absolutely due and
f,,y .S. go s1. ,s. ,fts5 .a:is
Of One Hundred Dollars (SIoo.oe) each.
or any multiple thereof. The interest
on said sonds shall be payable semi. an
per annun At the office Of the state
| treasurer. OF at some place In the CITY
Of New York; U. 9. A.; and the prineiHSsi p !
| office of tho state treasurer.
| mo such bonds shall be Issued except
at par and accrued interest. and upon
l 4 fnvv m = nj
cipai and interest Of said warrants.
SAID SOnds to "a an :moun: sv :SSa1,Iid h.id
by the public school fund shall be reg
| istered by tho state auditor and state
treasure. In the nam; me; ana @ ier ,s ne esns ben.
and shall not be transferable.
and all such bonds TO An amount
h.a II: s r.: :ssool f fsna .s.i ):
| sold by the state treasurer At not less
than par and accrued interest: and the
Ransa.'as Rana ana .n ai:sr.sSt.a @ NO 10 II: he ..sspsi
i countics and school districts Of the
state for school purposes. In the pre-
portions and in the manner required ~
Section 5. mach slsctor voting At said
| election. and desirous Of voting for OF
| in the ballot box . ticket whsrson shall
be printed or written the words: "Fer
A|sndIsns ss s7setio1 ,S; e Ar:
N Il
State IndeeteAnsss." and the words
against the Amendment to Section I
Of Article xI Of the Constitution. Fund
Ing the state indebtedness" and shall
Indicate his approval or disapprovai by
placing . eross (x) opposite one or the
other OF said groups Of words on his
ballot.
rejection OF said amendment shalI bs
cAnvassed, and the result determined. II
the manner prescribed By the laws Of
the state for the canvass Of votes for
rsgrrss:.;ensative} In eSSn5rsss
taining that said amendment to the
Constitution has been adopted By tho
people Of the state. the governor. state
eral and escrstary Of state shall meet
togsthsr at the office Of the state treas
ursr, and organize ~ q dsbt-fundins
board, By slecting one Of its member5
Drssidsnt and another secretary Of sei(
beard. Zach member OF said board aa@
eay sf eAsir saessssers In efffss. sAaS