The new era., 1910-10-20

Warrants for the year 1889. 41S,227. b4
warrants for the the year 1ss2. ss2 9ssss55S
Warrants for the year 1924. 1924 s2'sasass ss'sasa as
Total .;s7s,o71 s4
All Of which warrants were duly pre-
sented for payment. and bear interest,"
amounting approximately. principal
and Interest, on November 30th. 1910, to
the sum of s2.114.762.s6;
the above Indebtedness Is held in the
state school fund as an investment,
which. under the constitution OF the
state, must forever remain inyiolate
and intact, any loss thereof to be sup
piled by the state;
payment of the ordinary expenses OF
the legislative. executive and judicial
Of the state
the members of the general assembly;
the per diem of the Legislative clerks
and employees; the salaries of the gov
of state, superintendents Of public in.
struction. state auditors. treasurers Of
sppeintiSs executive Officers and
prsme. district and criminal courts.
executive and judicial incidental and
contingent expenses; and expenses IN
CURED for the erection of buildings.
tsntiary. insane asylum, industrial
school. rsformatory. agricultural col
lege and soldiers and sailors home;
and,
Whereas. no moneys are now In the
hands of the state treasurer, OF the
of the fiscal .ay years or
any of them; and all the said indebt-
edness should be funded at lower rate
of .ee,ioa Thers Shall be submitted
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 Constitu-
tion Of the state of Colorado. which.
voting thereon, shall be valid as part
of the Constitution. to.wit:
Section Three 81 Of artSls tSs
Colorado shall be amended so az to
read as follows.
Section 8. The state shall not con-
cspt to provide for casual deficiencies
of revenue, erect public buildings for
tion. 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
one-fourth of mill on each dollar Of
valuation of taxable property within
such debt shall not at any time exceed
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 nnc IN any ens
not exceed ons-half mill on each dollar
of said valuations. and the aggregats
dollars except as provided in section
five Of this article). and in all cases the
ssa be that a 'n' OF ths s'aa
preceding the creation Of said debt.
pToyided ths1 Gsb, in tSat saaitiGn m.y TO sss BE
Insured. a. above, the state may
purpose % Of psyins the principal
standing star warrants Issued by this state
during and for the years, 1887, 1SSs
1889. 1892. 1898, 1894. and 1897; said
debt to be evidenced by registered cou-
pom interest bearing funding bonds ds no 70
an amount not exceeding $2'1l5.ooo w.
or SO much thereof as may be necessary
to pay said warrants and Interest
said funding bonds shall be
dated Ss 1s e the stnse Of
RADIO at any time after ten years rom h
their date. shall be absolutely due ana no
payable ffty iaop th. e
Of One Hundred Dollars (s1oo;oG0 aes; eaen,
or any multiple thereof. The interest,"
ner annum at the office of the state
treasurer, or at some place IN the ,y GIe1
OF New York U. S. A., and the prlnclMpat pa
Of said bonds shall be payable at the
office of the state treasurer.
mo such bonds shall be issued ekcep.
ot mar and accrued interest. and upon
the contemporaneous surrender anu anu
cancellation of a like amount OF prih
cipal and interest of said warrants.
"Said bonds to an amount equaLinS
the principal of said warrants now helu
nv the Public school fund shall be req
treasurer in the name and for the penea a
iii of and payable only to the SAID 1uho'
and shall not be transferable.
"And all such bonds to an anout. ~
.ouaiinR the interest on said warrants
now held in the school fund shall pe
sold by the state treasurer at not iess ths
than par and accrued interest; ana tne
proceeds thereof paid into the schooi
fund, and distributed TO the severn. ~
counties and school districts OF the
state for school purposes. In the pro
portions and In the manner required py
law" .,id
against said amendment. shall deposit
in the ballot box a ticket whereon shall
he printed or written the words: .foI
the Amendment to Section Of Article
XII of the Constitution. Funding the
State Indebtedness" and the WORDS;
of Article XII of the Constitution. Fund
ing the State Indebtedness and shai,
Indicate his approval or disapproval py
placing a cross (X) opposite one or the
other Of said groups of words on his
ballot.
rejection of said amendment shall be
result determined, IN