Gilpin observer., 1912-10-31
CONSTITUTIONAL AMENDMENT.

CONSTlTuTIONAL AMENDMENT.
General Election to be held on the
Fifth day of November. A. d. 1912.
electors of the State of Colorado, the
question of amending the Constitution
OF said State.
question is found in Senate Concurrent
Resolution No. 43 of the regular Ses-
sion OF the Eighteenth General Assem-
bly,, which is. in words and figures. fol-
sWhMiiTTlNa TO THE QUALIFIED
coLoRApo AN AMENpMENT 70
Ef5S EESySS s. SIR sHs 81 SfAaH hF So SSSsT5T5 a5E5
BoNSEp BSPS IR 1SpEhFGR!E Rh2AaREs M fSF 81 BE;
AA6Esf HAdE or NOT THE ExcEEpiNd sTAIG 60 TEN AN
PosE OF cREATING 4 FuND
1%sRoVtMES2 E3s THE S2NsTHTGTI9S SF PHHG ufGH ANp
WAYS IN THE STATE.
Section l. Whereas. the prosperity
OF Colorado. as the state develops. are
becoming more and more dependent up
on the condition of the public highways
is impracticable and often impossible to
throughout the State SO that the same
shall be permanent and capable of the
highest and best utility and service;
Section 2. Now. therefore. Be It Re-
General Assembly. the House OF Repre-
sentatives concurring:
That there shall be submitted to the
qualified electors of the State OF Colo
RADIO. at the next general election OF
members of the general assembly, for
their approval or rejection. the follow
ing amendment to the Constitution OF
the State of Colorado. which. when rati-
fled by a majority of those voting there,
on, shall be valid as a part of the said
Section Three tsj OF Article Eleven
(XD OF the Constitution Of the State OF
Colorado shall be amended so as to read
as follows:
Section 3. The state shall not
contract any debt by loan in any
form, except to provide for casual
deficiencies or revenue. erect pup
lie buildings for the use of the
state. suppress insurrection. defend
the state. or. In time OF war. assist
In defending ne ~ United dsSi Sta,es aed
In any one year to provide for de-
ficiencies of revenue. shall not ex-
dollar of valuation of taxable prop
erty within the state, and the az
gregate amount OF such debt shall
not at any time exceed three
fourths of a mill on each dollar of
saia valuation. until the valuation
dollars. and thereafter such debt
shall not exceed one hundred thou
sand dollars. and the debt incurred
public buildings shall not exceed
one-haif mill on each dollar of said
SSan. cf .ueh anS d.ss ss .ha essss
at any time exceed the sum of fifty
thousand dollars Except as pro-
ticie), and in all cases the vaiua:
tion in this section mentioned
shall be that of the assessment last
preceding the creation of said debt:
provided. that. in addition to the
amount OF debt that may be av IN,
sSnfsae, deSs by the foam sae for aSs
purpose Of paying the principal and
accrued interest of all the out
state during and for the years:
1887. 1888. 1889. 1892, 1898, 1s9!
and 1897: said debt debt to De sn., evadeneed Sas
Ing funding bonds to an amount not
exceeding 12.il5.ooo:oo. or so much
nsieSi .aid @a9ranss a sS and nd interest thereon.
said funding bonds shall be
dated December 4; 1910. shall be
Of Colorado at any time after ten
years from their date. shall be alb
due ,Ss Sna fsiy
OF the denomination OF One Hun
dred Dollars (sloo.ool each. or any
said I' Bonds shall be payable semi
annually at the rate OF three per
cent per nnnum at the office OF the
Taats n the 'esasuef' cias ef New W York. .. T..
and the principal OF said bonds
shall be payable AT the ofiice OF
the state treasurer.
except at par and accrued interest.
and upon the contemporaneous aur-
render and cancellation of like
amount OF principal and interest
OF said warrants.
said bonds to an amount equal
inv the principal of said warrants
now held by the public school fund
shall be registered by the state au-
ditor and state treasurer In the
name and for the benefit OF and
payable only to the said fund, and
shall not be transferable.
"And all such bonds to an
amount equaling 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
proceeds thereof paid into the
school fund. and distributed to the
several counties and school dis
.ricts Of the state for school pur.