Gilpin observer., 1910-11-03

] State OF Colorado were duly issued dur
Ing and prior to the year 1897 for the
| Seventy three Thousand and Seventy
one Dollars Dc and Eighty-four cents
| and unpaid. follows:
Warrants for the year 1887
warrans. war; ' .ori the year isss. s??SS.sss.s5
Warrants for the year 1892. 5.1S5.3o
Warrants for the year 1929 5s'sssss.55ss
| 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 annum:
and t Interest. on November soth, 1910, to
the sum Of s2.I14.7S296;
| And. Whereas the major portion OF
the above Indebtedness Is held In the
which, under the constitution Of the
| and intact. any loss thereof to be sup
And. whereas. it further appears
that all of said warrants were issued In
payment of the ordinary expenses of
the legislative. executive and judicial
Is. Of the state
the members OF the general assembly:
the per diem of the Legislative clerks
ernors. attorney generals. secretaries
of state. superin;endents Of public In
struction. state auditors. trea.urers Of
employees; Judges Of the su-
s"di and district Attorney; @ the legislative:
executive and judicial incidental and
! contingent expenses; and expenses In
and the maintenance Of the state peni.
! tentiary. insane asylum. industrial
school ,efoImatory: n,a,ay: ssrie,H1iturai ,1 a col.
and,
Whereas. no moneys are now in the
revenues of the fiscal years aforesaid.
wherewith to pay said warrants. or
any Of them hem al and all the said indsb,.
Of interest: therefore
| Section z. There shall be submitted
Of colorado, at the next general elec-
tion Of members of the General Assem-
bly,. for their approval or rejection. the
tion Of the State of Colorado. which.
when ratified by a majority of those
voting thereon. shall be valid as part
(xi) Of the Constitution OF the state Of
Colorado shall be amended SO as to
Section s; The state shall not con
cept to provide for casual deficiencies
| of revenue. erect public buildings for
the use Of the state. suppress insurrec-
wan. war. assist assist in % defendins the uni United
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
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
t-xx Nf ~ h,.tI NV,cw ah hal III
not exceed one-half mill on each dollar
of said valuation: and the aggregate
exceed e the of my
five OF this artieie). and in ali cases the
ssaI be ,ha. a n OF ,he se'Sn iass
n' thss n Of ssS DEBT TO
Of ssaSe ss' the state %sy
contr.et a debt by loan for the
Of payns of 'hs a ,Ss
standing warrants issued by. this state
during and for the years; 1887. lsss;
dss, ss to 1iss' BE- evidenced @ BY reslstered eoa-
pom interest bearing funding bonds to
an amount not exceeding Ss'lis 10000;
to pay Aaid warrants and interest
thereon. 49,, =.
dated d'f pecemSer f i... 1910. shall be pay
| RADIO at any time after ten years from
tnsi payasis Hs's fifsy A t5oe O. years. after their
date, and shall be of the denomination
of One Hundred Dollars sI9o;o91 each;
on said bonds shall be payable semi-an-
nuaiiy at the rate OF three per cent.
per annum at the & office lice OF Il the he 'tate GMe
OF OF seM SAID % bonds shall be payable at the
/ office of the state treasurer.
aNo such bonds shall be issued except
at par and accrued interest. ana upon
cinaI and interest OF said warrants.
Of scsae ssd sand sss Ss
istered by the state auditor and state
treasurer In the name and for the bene-
fit Of ,Sn and pSS1SSse poy be- tpan.feraSie Ga n %
T"And all such bonds to an amount
eauai!ng the Interest on on said said warrants Ss,s rs
sold by the state treasurer at not less
than par and accrued interest: and the
,hsrsSf psaa ao the s ssSeeS
counties and school districts of the
state for school purposes. In the pro-
portions and in the manner required by
Section 3. Each eiector voting at said
election. and desirous Of v4tins , for g,
IN the ballot box ticket whereon shall
% printed or written .:i". the words ,,c'r .For
II q A%ssacsn ,se constisution. IL FUNDING the
state Indebtedness." and the words:
"Against the Amendment to Section
Ing the state indebt edne.s." and shall
indicate his approval or disapproval by
placing q s cross 5Xo oppSsve wosa. one or or ,hs s
The votes cast for the adoption Or
csnvsssed, and the result determined. In
the manner prescribed by the laws of