The Elbert County tribune., 1912-10-18
coNsTITuTIoNAL AMENDMENT.

Notice is hereby given. that at the
General Election to be held on the
there will be submitted to the qualified
electors of the State OF Colorado. the
question Of amending the Constitution
The authority for submitting such
question is found in Senate Concurrent
sion OF the Eighteenth General Assem-
bly,. which is. In words and figures. fol-
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and comfort of the citizens of the State
Be- Seco@ing Di1IanD more ana ae more @ dependent ap
on the condition of the public highways
of the State. and under existing law it
construct and maintain highways
throughout the State SO that the same
shss h be as Sss uy ara es
Section~2. Now. therefore. Be It Re-
solved by the Senate Of the Eighteenth
sentatfves concurring:
That there shall be submitted to the
qualified electors of the state OF Colo
rndo. at the next general ELECTION ,or or
their approval or rejection. the follow.
ing amendment to the Constitution Of
fled by a majority of those voting there,
on shall be valid as a part of the said
Constitution, to-wit:
(1xD OF the Constitution of the State OF
Colorado shall be amended so as to read
as follows:
contract any debt by loan in any
form. except to provide for casual
deficiencies or revenue. erect pub
lie buildings for the use OF tho
state. suppress insurrection. defend
the state, or. In time of war. assist
the amount of the debt contracted
yy In any one year en to proyide oHn nof LOT ee ee
ceed one-fourth of mill on each
dollar of valuation of taxable prop
erty within the state. and the ag,
not at any time exceed three
fourths of a mill on each dollar. of
said valuation. until the Valuation
dollars. and thereafter such debt
shall not exceed one hundred thou.
ho IN any So'tals ons year y e Tor es srection Of
one-half mill on each dollar Of said
xnOSns Gf .neh anS debs sss shaft sssss
at any time exceed the sum of fifty
ySsd n ssoaiUn aSlsa ss q th. i
ticie). and In all cases the vniua.
tion in this section mentioned
Provided. that. In addition to the
contract a debt by loan for the
purpose Of paving tho principal and
standing warrants issued by this
state during and ,tfogs ,fos the years years;
and 1887; said debt to be evidenced
by registered coupon interest bear
ing funding bonds to an amount not
thereof as may be necessary to pay
said warrants and interest thereon.
dated December 1, 1910, shall be
payable at the option OF the state
Of Colorado at any time after ten
years after their date. and shall be
Sred or dhs eoars Snn9mnS ssioooo, o. eaeh or any
multiple thereof. The interest on
said bonds shall be payable semi
cent per annum at the office OF the
state treasurer, or at some place
an and the the CITY IN EsT of aork Said BONDS
the state treasurer. .
except at par and accrued interest,
and upon the contemporaneous sur
render and cancellation of like
amount of principal and interest
of said warrants.
said bonds to an amount equal
ing 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 tho
school fund, and distributed to the
several counties and school dis
tricts of the state for school pur-