Gilpin observer., 1912-10-17
CONSTITUTIONAL AMENDMENT.

'.
General Election to be held on the
thers s1s w spy be Of the lsis
electors of the State of Colorado, the
Guesti9n OF amending the Constitution
The authority for submitting such
question is found in Senate Concurrent
Resolution No; 4s of the regular ses-
bly,. which is. in words and figures, fol-
sTHITKs HphaTJks 5p 5p THE THE sEAh5FrGP s4A4s 6P
COLORADO AN AMENDMENT TO
FREyES FIN 81 R RaE 81 sTArH TIE 61NsTT6 6P G6E6
BoN9Ep BaRS TH fSpEaTGpHEss ERh9HlREEs fSF 81 Be !
AA6E AA6TNf PE NOT THE ExcEEpiNd sHAna 20 TEN AN
F5sEIoSs F6sE Ss D9kEAAFFf 9kEAFfNEa E9E The fHH
iMPRoVEMENT OF 'PUBLic HIGH.
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
construct and maintain highways
throughout the State 50 that t II, the - same me
highest and best utility and service:
Section 2. Now. therefore. Be 1t Re-
solved by the Senate OF the Elsntteith
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
oers 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 majority of those voting there.
on. shall be valid as a part of the said
Constitution, to-wit: -
(XD OF the Constitution of the State OF
Colorado shall be amended so as 10 reao
follows:
Section 3. The state shall not
contract any debt by loan In any
form. except to provide for casual
deficiencies or revenue, erect pub
state, suppress insurrection. defend
the state, or. In time OF war. assist
in defending the United States: and
the amount of the debt contracted
in any one year to provide for de-
ficiencies of revenue. shall not ex-
coed one-fourth of a mill on each
dollar of valuation Of taxable prop
erty within the state. and the ag,
gregate amount of such debt shall
hS5 foartss a. Of any Mill line on ae eaeh dollar Of
said valuation. until the valuation
shall equal one hundred millions OF
shall not exceed one hundred thou
sand dollars. and the debt incurred
in any one year for erection Of
one-half mill on each dollar OF said
valuation: and ,tss the lag SaSgresSss essse
of Isses sIes deSs sSe sn sha Of tfey
yided In section, five q this ar
tion in this section mentioned
shall be that of the assessment last
preceding the creation Of said debt:
amount of debt that may be In
Cured, as above, the state may
pSrpose pSn1sas' OF paying sE The % prineipal and
standing warrants issued by this
s;e iss7s % ISIS. 1853. ssa 1882, 1888. 1894
and 1897; said debt to be evidenced
by registered coupon interest bear
ing funding bonds to an amount not
exceeding S2.11s,oO0,oo. or so much
thereof as may be necessary to pay
sag SAID Tsrrsmas funsinR aRd bonds tsS shall be-
dated December J. 1910. shall be
payable at the option of the state
years from their date. shall be alb
soluteiy due and payable fifty !5ol
years after their date. and shall be
dred Dollars $1o0o0) each. or any
multiple thereof. The Interest on
na SGnds s, she rate rae of par
cent per annum at the office of the
state treasurer or at some place
and the principal OF said bonds
shall be payable at the office OF
the state treasurer.
mo such bonds shall be issued
except mt par and accrued interest.
and upon the contemporaneous gur-
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 cqualing 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