The daily sentinel., 1910-11-03

one Dollars and EiBhty-four cents
Gs13,07l.sp. and are still outstanding &
and unpaid, as follows.
warrants for the year 1887
warrants ' for the year 1855. 297YYs5S.s5
Warrants for the year 1889. 4ls.227.54
Warrants for the year 1892. 5,767.s0
Warrants for the year 1898. 5.932.53
Warrants for the year 1894. S2.316.l3
Warrants for the year 1897. 2.4s5.ss
All OF which warrants were duly pre-
sented for payment and bear interest
at the rate of six per cent. per anvim.
amounting approximately; principal
the sum OF s2.1l4.762.96:
And. whereas, the major portion of
the above Indebtedness is held In the
which, under the constitution of the
state, must forever remain inviolate
and intact, any loss thereof to be sup
And, Whereas. Il further appears
that all Of said warrants were issued in
payment OF the ordinary expenses of
departments OF the state government.
including the per diem and mileage OF
the members of the general assembly.
the per diem of the Legislative clerks
and employees: -the salaries OF :he gov
ernors, attorney generals. secretaries
OF state superintendents of public In
state, and other elective and
appointive executive Officers 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-
tentiary. insane asylum, industrial
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 she sag geass
any of them; and all the said indebt-
edness should be funded at a lower rate
OF interest; therefore
to the qualified electors OF the state
OF Colorado. at the next general cleo
bly,. for their approval or rejection. the
following amendment to the Constltu-
tion of the state of Colorado which.
atnv ws9n 9ssa By sba stS, Ss Ss,s Of
Of the Constitution. to-witv
Section Three 80 OF Article Eleven
Colorado snail be amended so as to
read as follows.
Section 3. The state shall not con-
eept to S provide ovid ~ for spA casual m T Deficiencies %
OF revenue, erect public buildings for
the use OF the state. suppress insurrec-
war. assist In defending the United
States: and the amount of the debt con-
tracted in any one year to provide for
deficiencies of revenue shalt not exceed
one-fourth of a mill on each dollar OF
valuation of taxable property within
the state. and the aggregate amount of
three-fourths OF 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
of said valuation; and the aggregate
amount of such debt shall never at any
time exceed the sum OF nifty thousand
ns of tSs srRse ana IN an e cases sstiSe tSe
shall be that of the assessment last
h' tnss sadSn ss ;sS debt sS
Incurred. as above. tho state may
deb. nsyns by Ssn ,ss ,Gr ,ni
and accrued interest OF all the out
standing warrants issued by this state
dSTsnE sss isss ssd 1885 tSs ss and 1881 .sa
debt to be evidenced by registered cou-
pom interest bearing funding bonds to
an smoun, ,S"rh ,hsof not s1eesding ssli5 CO.
to pay said warrants and interest
thereon.
SAID d.. tups,nS 4, bend. ,s1S .,,n ,h,l be
able at the option of the State of Colo
RADIO at any time after ten years from
their date. shall be absolutely due and
date. and shall be of the denomination
OF One Hundred Dollars 0Ioo.oo) each.
or any multiple thereof. The interest
on said bonds shall be payable semi-an-
nually at the rate of three per cent.
per annum at the office of the state
treasurer. or at some place in the City
of said bonds shall be payable at the
office of the state treasurer.
No such bonds shall be Issued except
at par and accrued interest, and upon
the contemporaneous surrender and
cancellation of a ike amount OF prin-
cipal and interest Of said warrants.
"Said bonds to an amount equaltng
the principal OF said warrants now held
by the public school fund shall be reg
istered by the state auditor and state
fit of and payable only to the said fund.
and shall not be transferable.
.oraiins ahn al the interest resi- ON said warrants %
now held In the school fund shall be
sold by the state treasurer at not less
rroe proeeeds EDS thereof paid Into tn: school
| fund, and distributed TO the several
| counties and school districts OF the
| state for school purposes. in the pro-
taw.."'N
Section 81 Each elector voting at said
against said amendment. shall deposit
| in the ballot box a ticket whsreon shall
be printed or written the words: For
| the Amendment to Section 3 of Article
| XI OF the Constitution. Funding the
| state Indebtedness." and the words
Against the Amendment to Section
| of Article XI of tho Constitution. Fund
| ing the state Indebtedness" and shall
| indicate his approval or disapproval by
placing a cross OK opposite one or the
other Of said groups Of words on his
ballot.
The votes cast for the adoption or
rejection of said amendment shall be
canvassed, and the result determined, In
the manner prescribed BY the laws Of
the state for the canvass of votes for
| representatives In congress-.
Section 4. Immediately upon asesr-
tanning that said amendment to the
people Of the state. the governor, state
auditor. state treasurer, attorney gen
together At the of{ics Of the state tate trsss. %ss.
urer.. and organise a. dsbt-fundins
board ey electing one OF Its msmbers
Drootdent ana another secretary or M
| board 4ach member OF said board, -
l say sf their suoesassr1.0nef neffisA ~