Gilpin observer., 1912-10-31
AN ACT PASSED ny THE EIGHT
ZENITH GENERAL ASSEMBLY AMI
REFERRED TO THE PEOPLE d.
RECT ny SAID ASSEMBLY.

Notice Is hereby given, that at the
day of November. A. ID. 1912, there will
be submitted to the qualified electors
Of the State of Colorado. for their ap-
proval or rejection, the following Act:
The authority for submitting such Act
is found in Section of House BIZ No.
eenth General Assembly (Said Section
is in words and figures following, to-
wit:
the people OF the State of Colorado
for their approval or rejection at
the next biennial regular general
until the same has been approved
by vote of the people as provided
in Section l OF Article V of the
Constitution of the State of Colo
which is. in words and figures. fol-
lowing. viz:
&C SREAsE T2E IA aon Gs.S a.1,a1 fHHsphs- HSS "a
1TY OF rhE STAT. BY CON
sThpcTfHs SNp THEouAH G rEHEEt Ths BASE sEDGF 6F
ROCKY MUuNTAINs. 10 BE USED
F0k PuBLIc OR sEMl-PUBLlc
Be 1t Enacted bv the General Assembly Of
she state Of G9iorado
Section i. There Is hereby created a
Commission to be known and designated
as the Tunnel Commission. to consist of
five members. and the Governor. the At
shall be ex-officio members of s4d Com
mission.
Within ten days from the taking ef-
feet of this act the three ex-officio mem
bers of said Commission shall meet and
appoint the two remaining members. one
OF whom shall be a skilled and compe-
tent civil and mining engineer with ex-
perience In railway construction. the ap-
pointed members of the Commission
shall have been actual residents OF
Colorado for at least two years last
preceding the date Of appointment.
Immediately upon the appointment of
hA FnFra raFV1tr sat. bal
be organized. with the Governor as
Chairman. the engineer member as Sup
se asa sh
shall receive salary OF not to exceed
Five Thousand ts5. 100000 dollars per
year. and the Secretary to the Commits
hundred 92.500.00) dollars per year, the
said salaries 70 begin at time which
the three ex-officio members of the Com
mission shall designate.
In case any vacancy arises in the
Commission II may be filled by the re-
naming members of the Commission as
existing at any time. but the appointed
members of said Commission shall have
no vote in filling said vacancy.
The Tunnel Commission as herein con-
stituted shall have all powers hereinafter
In this Bill set forth and to act in re-
behalf of the State of Colorado.
Upon the completion of the construc-
tion OF the tunnel hereinafter referred to
mission. the position of Supervising En-
gineer and Secretary OF the Tunnel Com
mission shall cease and no further sal
with. nor shall any salaries at any time
be paid to the ex-officio members of the
Sec. 2. There is hereby authorized a
bond issue. on behalf Of the State OF
Colorado. aggregating four million dol
lars face value; to bear four per cent.
ally. dated on a date to be selected by
the Commission and as soon as possible
thereof. to be known as State Tunnel
Bonds, and to be issued and used by the
Tunnel Commission herein created In
paying for constructing and driving a
tunnel under the Main Range of the
Rocky Mountains. and under the terms
wise.
The form. terms and provisions of
these h, bonds not % ineonsistent with any
fixed and determined by the Tunnel
Commission, and none of said bonds
any loan to the state of Colorado. but
solely as herein pro fided. In payment OF
the construction Of the Tunnel herein
Such bonds shall be issued In the name
of and on behalf OF the state OF Colo
rado by the Treasurer Of the state.
order OF the Tunnel Commission and
for the p purposes .ho IN th's Act & set forth
nasons se % n sSa
decide. and payable either to bearer or to
n registered holder.
All State Tunnel Bonds. when author
shall constitute. and the same shall be
n first and prior lien upon the Tunnel
and Tunnel Approaches. as constructed
under the terms and provisions OF this
Act and the Tunnel Commission IL here
by authorized and empowered, In the
name and on behalf of the State OF Colo
RADIO. to execute and delive all and any
convevances indenturcs and dc,ds OF
trust that may be necesi iry In their
discretion to effect and co astitute such