Gilpin observer., 1912-10-24
AN ACT PASSED BY THE EIGHT
ZENITH GENERAL ASSEMBLY AND
REFERRED TO THE PEOPLE d.
RECT by 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 APP
The authority for submitting such Act
is found in Section 8 of House Bill No.
eenth General Assembly. tSaid Section
8 is in words and figures following. to-
wit:
This Act is hereby referred to
p the people of the State of Colorado
for their approval or rejection at
the nexs 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-
CREASE TIE GENnnAL fnospka-
iT4 ITp ,fE,N oE rAE srAlS ;Aa e, BY ESN, =
AMP THROUGH THE BASE OF
FOR PUBLIC OR sEMl-PUBLiC
Be II Enacted bU the General Assembly of
Section /. There is hereby created a
Commission to be known and desgna ted
as the Tunnel Commission. to consist of
torney General and the State Treasurer
shall be ex-officio meinbers of said 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-
shall have been actual residents OF
Colorado for at least two years last
preceding the date Of appointment:
such Two members the Commission shall
be organized. with the Governor as
Chairman, the engineer member as Sup
as Secretary. The Supervising Engineer
shall receive salary OF not to exceed
year. and the Secretary to the Commits
sion shall receive a salary of twenty-five
hundred ls2.5oo.oo) dollars per year, the
said salaries to begin at time which
the three ex-officio members Of the Com
mission shall designate.
commiss,on ' n NAV he fiIiad bv The ,ne me
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-
spect to such matters In the name and on
behalf of the State of Colorado.
Upon the completion Of the constIue-
mission. the position of Supervising En-
mission shall cease. and no further. sal
aries shall be paid In connection there
with. nor shall any salaries at any time
be paid TO the ex-officio menoers of the
Sec. q 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.
interest per annuin payable semi-annu-
sn as 70 es as
after this Act shall become effective.
and maturing fifty years after date
bonds, and to be issued and used by the
Tunnel Commission herein created In
paying for constructing and driving a
Rocky Mountains. and under the terms
and provisions of this Act. and not other
The form. terms and provisions OF
these bonds. not inconsistent with any
thing In this Section contained. shall be
Commission. and none OF said bonds
shall be issued or sold on account of
any loan TO the State OF Colorado. but
the construction OF the Tunnel herein
'sI Such bonds shall b. issued in the name
OF and on behalf OF the state OF Colo
RADIO by the Treasurer of the state,
from time to time. upon the certified
The OF ,ns sst
Such bonds shall be In such denomi-
nations as the Tunnel Commission shall
decide. and payable either to bearer or to
n registered holder.
All State Tunnel Bonds. when author
lied and Issued as REQUIRED by this Act,
shall constitute. and thu same shall be
a first and prior lien upon the Tunnel
and Tnnnel Approaches as constructed
under the terms and provisions OF this
Act. and the Tunnel Commission is here
by authorized and empowered, In the
name and on behalf OF the state OF Colo.
RADIO. to execute and delivc all and any
convevances. indentures ana dcsds OF
trust that may be nccest lry In their