Gunnison news-champion., 1912-10-25

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l.f~nt.insd snsn b. talss - 80 a--~-s.
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an amouni nut sss-ssIfne slstis Gee 90.
er - miieh tser-ni - mas b. nsresssry
o. pag said rsrr@ni- sad interest," ihars-
said fandlns bonds shaH be dated
fssrenahsf ist. fsIs. shali - psvsbie 1t
sac ortiau q the state q Colorado a.
eur time after sen sean- from thalr
h. -
sbia ufty 500 yaars sfiar fheir date.
auu shall BE- af the uengmlusiiuu q
oue Bundled Dollars tsisa De- esnh OF
anF maitl.lle thereof The interest on
SAID honas shaH Be p4yabie ssmi.an
nasiig o. the rate of .hree per cent
per snnum a. the Office sf ne slafs
treasarsr. or a. some pisc- Ia the citg
% Yea surk. a ana tna prin-
oipsi % said bonds -hsh b. payable
a. the Office - he slstte tressur-r
No ssch honas shaH BE- i-sn-d "a
capf a. par and arrrnsd Interest and
uppn the couremgorsneuus surrsudcr
and cancellation ~ aAe smount ~
principal and interest of sssia warrants.
>said hona- tn al amount sauaing
the principal % said esarnsnts nos held
hy Tho public school fund shall b. req
istered By the state auditor and state
treasurer IN The name ana Cor the
hsnant - and payable onlr 20 the said
fund and shall not be trsnsfershie
and al Gich bonds T. amount
eauallins the Interest sac warrants
nov held IN she school fiird shall BE-
sold b. the state treasurer 81 not i~ss
than par and accruad Interest and the
proceens thereof paid into she school
fsnd and distributed % the eforai
counties and school Districts % the
state for school purposes. IN the pro-
portion and IN tine manner required oy
iaw.
And Provided. further that IN ad
Hf4fnu 10 the "A nj Fafsf naf ma
be Incurred above. the state may
contract dcbt b. loan for the purpose
Of creatins fund 20 be expended as
provided hy Law. hy the state High
way Commission Tor the construction
and improvement; % public highways
In the State Of Colorado. said debt 20
be evidenced By Registered coupon In
forrest bearing bonds 20 amount not
exceeding ten million dollars Csio,0oo.-
oo0. ool
said bonds 20 an extent not ex-
ceedins one million dollars. shall be
dated dune nrst. 1914. not exceeding
one million dollars. dated June rrst.
1917. and not exceeding one million
dollars. dated June first Of each year
thereafter. until not exceeding thu total
amount Of ten million dollars has been
issued. hut no bonds shall be Issued
after June LIST. ls-2; and said bonds
shall be payable at the option Of the
State of Colorado at any time after
and shall be absolutely due and pay
able ffty years after their respective
dates, and shall be of the denomina-
tion OF one hundred dollars tsi e0l each
or any multiple thereof. The interest
said bonds shall be pay able sent
annually nj the rate Of four per cent
t4qol per annum, at the office of the
state TREASURER, or at some place IN the
city Of New York. L. S. A. and the
principal of said bonds shall be pay
Atle n the offfee al
No such bonds shall he issued ex-
cept At par and accrued Interest
THE general assembly shall as by
Law provided. enact all such laws
may be necessary with refernce to said
bonds and with reference to carving
out the objects and purposes herein
specified
section Each eise,or stips at sal
election and desirous Of voting for Q
against said amendment. shall deposit !
the ballot box a ticket whereon shall b
printed or written the words; For tn
amendment 10 Section of Article NT Z
the Constitution. authorizing bonded ir
debtedness for the creation of a fund fc
the construction and Improvement Of pub
lie hishways and the words "Asainst IN
amendment to Section 3 OF Article Nj
the Constitution, authorizing bonded N
debtedness for the creation of fund fc
the construction and Improvement Of publ
nc highways" and shall Indicate his az
proval or disapproNal by placing Gro.
txl opposite one or the other Of sal
sroups OF words on his ballot.
The votes cast for the adoption or r.
lection OF said amendment shall be cal
vassed. and the result determined in IN
manner prescribed by the laws of the stai
for the canvass of votes for representativ,
in congress.
State this Fifth dsv of lame. A. u 1911.
In Testimony Whereof. have hereun'
set my hand and affixed the Great Seal
the State of Colorado. at the city Of Del
yer. this First day of October. A. n. 1919.
JAMES u. PEARCE
(sEAL) Secretary Of State
So
HOUSE BILL NO. 40.
IAMES PEAK TUNNEl