The daily sentinel., 1910-11-04

aggregate sum OF Eight Hundred. and
one Dollars and Eighty-four cents
ts13.071sD. and are still outstanding
and unpaid, as follows:
warrants for the year 1887
warrants Tor the year isss. 27Y.55S.s5
Warrants for the year 1889. 4Is.22754
for for the the year isss sss
Warrants for the year 1894. s2.316,15
Warrants for the year 1897. 2.4s5ss
Total. .ssT3.O71.s4
All OF which warrants were duly pre-
sented for payment. and bear interest
at the rate of six per cent. per annum,
amounting approximately. principal
and interest. on November a0th, 1910. to
the sum of s2.1l4.76296:
And. Whereas. the major portion of
the above Indebtedness Is held in the
state school fund as an Investment,
which. under the constitution of the
state; must forever remain inviolate
and Intact. any loss thereof to be sup
piled by the state
And. Whereas IL further appears
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;
the per diem OF the legislative clerks
and employees: the salaries OF the gov
ernors. attorney generals. secretaries
Of state. superintendents of public in
struction. state auditors. treasurers OF
appointivs executive Officers and
employees. judges OF tho su-
preme, district and criminal courts.
and district attorneys; the legislative.
executive and judicial Incidental and
contingent expenses: and expense. in
CURED for the erection of buildings.
tentiary. insane asylum. industrial
school. reformatory, agricultural COL
lese and soldiers and sailors home;
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
any OF them; and all the said indebt-
edness 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
following amendment to the Constitu-
tion of the State of Colorado. which,
wh:n r1tiried tha by a,, majority h OF those
OF the Constitution, to-wiu:
Section Three t3) OF Article Eleven
| (XI) of the Constitution OF the State of
Colorado shall be amended so as to
read rs follows:
Section 3. The state shall not con
cept to provide for casual deficiencies
| of revenue. erect public buildings for
the use Of the state. suppress insurrec-
tion. defend the state, or. In time of
war. assist in defending the United
states: and the amount of the debt con-
traeted in any one year to provide for
deficiencies of revenue. shall 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
| 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 the aggregate
amount of such debt shall never at any
dollars Except as provided In section
five of this article). and In all cases the
valuation in this section mentioned
pas p9seadiss 'nh n. CT Creation Of ssid debt.
.uoaS. Of deb. NAT may ):
contract a debt by loan for the
and accrued interest Of an The out.
1883. 1891. 1898. 1924. and 1897; said
debt to be evidenced sy s reEistered he COW
an amount not exceeding 32.l1b.000.o0,
or SO much thereof as may be necessary
to pay said warrants and interest
said funding bonds shall be
| dated December lst. 1910. shall be pay
at at ns s.y oPSn m. after Il . ssaP.
Isi paYssis my ssoS year: ate. .h.il
Of One Hundred Dollars OIoeoo) each.
or any multiple thereof The interest
on said bonds shall be payable SEMI
per pSr annum at the office Of the state
| treasurer, or at some place In the CITY
OF New York, U: $: 4. and the % principal Pa
| office of the state treasurer
| mo such bonds shall be issued except
at par and accrued interest. and upon
| the contemporaneous surrender and
eipai and Interest of said warrants.
the aln prineipai n Of said warrants now held
by the public school fund shall be reg
| istered by the state auditor and state
iii Of and payable only to the said fund.
| and shall not be transferable.
"And all such bonds to an amount
| eoualing the interest on said warrants
now held in the school fund shall be
sold by the state treasurer at not less
than par and accrued interest; and the
fund, and distributed TO the several
H counties and school districts OF the
II state for school purposes. in the pro-
II portions and in the manner required by
Section 3. Each elector voting at said
against said amendment. shall deposit
in the ballot box ticket whereon shall
be printed or written the words: For
the Amendment to Section 3 of Article
H XI' of the Constitution. Funding the
II state Indebtedness" and tho words:
Against the Amendment to Section )
of Article XI OF the 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.
m. 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 aseer-
taining that said amendment to the
NJ Constitution has been adopted by tha