The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1912-10-26

1rsss,n VIZ state or Colorado, thu
a ~ OF amending the Constitutior
The authority for submitting such
o ~ INC Is found In House Bill No. 10,
eenth General Assembly, which is If
words and figures. following. viz: u
M M5p T On THE E ouI.A,LIFIED ELEc.
RADIO AN AMENDMENT TO SEC SEC.
EEEyEN Si &p o. Of TIE 2E co AET1Gtt
TON OF THE STATE OF COLO
DEFICIENCIES BY LOAN.
Be 1t Enacted bp the General AsscmbIu n
the State Of Colorado: y
SECTION l. There shall be submitted
TO the qualified electors OF the Stat,
OF Colorado at the next general eTec,
ton for members of the General AS
sembly, for their approval or rejection
me following amendment to the Con
stitution of the State of Colorado
which, when ratified by a majority o
those voting thereon. shall be valid a.
part part of the Constitution;
Section 2. Section Six 60 of Articl,
Eleven (XD of the Constitution of tn,
State of Colorado shall be amended s,
as to read as follows:
Section 6. No county shall con-
tract any debt by loan in any form
except for the purpose of erecting
necessary public buildings, making
orr repairing public roads and
bridges: and such Indebtedness
purpose of erecting public build
ings shall not exceed the rates
upon the taxable property in such
county following. to-wit: Coun-
ties in which the assessed valua-
ton of taxable property shall ex-
coed five millions of dollars. one
dollar and fifty cents on each
thousand dollars thereof: counties
in which such valuation shall be
less than five millions of dollars,
three dollars on each Thousand dol
lars thereof. and the aggregate
amount of Indebtedness of any
county for such building purposes.
exclusive of debts contracted be-
fore the adoption of this Constltu-
ton. shall not at any time exceed
limited, unless when in manner
provided by law. the question of in
curing such debt shall, at gem
eral election or special election
called FOR that purpose be submit
ted to such of the qualified cleo
tors of such county as in the year
last preceding such election shall
have paid tax upon property as
sessed to them in such county, and
majority of those voting thereon
shall vote in favor of mourning the
debt; but the bonds, IL any be is
sued therefor. shall not run less
than ten years, and the aggregate
amount of debt SO contracted shall
not at any time exceed twice the
rate upon the valuation last herein
mentioned. The total Indebtedness
contracted by any county for the
purpose of making or repairing
public roads and bridges shall not
at any time exceed five per cent
OF the assessed valuation of the
taxable property within such coun-
ty, and no debt whatsoever shall
be contracted for such purpose I'M
less the question of contracting the
same has been submitted to the
taYnAVing nf
county as above provided. The
whole or any part of the aggre-
gate Indebtedness permitted to
any county for highway purposes
may be authorized at a single cleo
ton, but the Indebtedness Incurred,
or the securities issued In any one
year, or the money expended upon
highways from such sources in any
one year shall not exceed one per
cent. of the assessed valuation:
PROVIDED, That any county in
this State which has an Indebted
ness outstanding. either in the
form OF warrants issued for pur-
poses provided by law prior to
December 81. A. d. 1885, or in the
form of funding. bonds issued prior
to such date for such warrants
previously outstanding, or in the
form of public building, road or
bridge bonds outstanding at such
date. may contract a debt by loan
by the Issuance OF bonds for the
purpose of liquidating such In
debtedness, provided the question
of issuing said bonds shall. at a
general or special election called
for that purpose. be submitted to
the vote of such of the duly quail
filed electors of such county as In
the year last preceding such cleo
tion shall have paid tax upon
property assessed In such county,
and the majority OF those voting
thereon shall vote in favor OF lssu-
ing the bonds. Such election shall
be held In the manner prescribed
by the laws of this State for the
Issuance OF road, BRIDGE and pub
lie building bonds. and the bonds
authorized at such election shall be
issued and provision made for
their redemption In ne same man
Section 3. Each elector voting a
such election and DESTROYS Of voting 70
or against said amendment shall de
poslt In the ballot box his ticket whore
on shall be printed the words: go
the amendment charging the limlta
tIon upon county debts for highwa
and other purposes" and Against IN
amendment onlarglng the limitatio
other purposes" and shall Indicate hi
choice by placing cross opposite on
or the other of said groups of words
Section 4. The votes cast for IN
adoption or rejection OF said amend
ment shall be Canvassed and the result
be determined by the laws OF the stat
for the canvass OF votes for Ropresen
tatives in Congress.
Filled in the office OF the Secretar
OF state this Fifth day or june a. L
In Testimony whereof / have here
unto set my hand and affixed the Grea
Seni of the state OF Colorado. a
the city OF Denver. this First day o
oe'oo'r' ~ - JAMES u. PEARCE.
TSEAIl Secretary OF state.