The Monte Vista journal., 1912-10-12

TSEALl Secretary of State.
AN ACT PASSED ny THE EIGHT
ZENITH GENERAL ASSEMBLY AND
REFERRED TO THE PEOPLE d.
RECT by SAID ASSEMBLY.
Notice is hereby given, that at the
General Election to be held on the Fifth
day of November. a. ID. 1912. there will
of the state of Colorado. for their APP
proval or rejection. the following Act
The authority for submitting such Act
400 of the regular Session of the Eight
zenith General Assembly. (Said Section
9 is in words and figures following, to-
wit:
This Act is hereby referred to
the people of the state of Colorado
for their approval or rejection at
the next biennial regular general
election and shall not take effect
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
rado.')
which is. In words and figures. fol-
lowing. viz.
AN y, 4 act T. ; TO P PR AN, AND IN
ITY OF THE STATE. BY CON
sTRucTING a TuNNEL UNDER
ROCKY MOUNTAINS. TO BE USED
FOR PUBLIC OR SEMl-PUBLlC
PURPOSES.
Be 1t Enacied on the General Assembly of
The state Of Colorddo:
Section /. There is hereby created n
Commission to be known and designated
as the Tunnel Commission to consist of
five members. and the Governor, the At
torney General and the State Treasurer
shall be ex-officio members of said Com
mission.
Within ten days from the taking eff
feet of this act the three ex-officio mem
bers of said Commission shall meet and
annntnt lp
of whom shall be a skilled and compe-
tent civil and mining engineer with ex-
pointed members of the Commission
shall have been actual residents of
Colorado for at least two years last
preceding the date of appointment
Immediately upon the appointment of
such TWO members the Commission shall
be organized. with the Governor as
Chairman, the engineer member as Sup
erviFi.S Engineer and the fifth member
Secretary. The Supervising Engineer
shall receive a salary of not to exceed
year, and the Secretary to the Commits
sion shall receive a salary of twenty-five
hundr,d s2,500.OO) collars per year, tn q
the three ex-officio members of the Com.
mission shall designate.
In case any vacancy arises In the
Commission 1t may be filled by the re-
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 hereInai ter
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 construc-
ton of the tunnel hereinafter referred to
and its acceptance by the Tunnel Com
mission. the position of Supervising En-
gineer and Secretary of the Tunnel Com
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-officlo members of the
Sec. 3 There is hereby authorized n
bond issue, on behalf of the State OF
Colorado. aggregating four million dol
interest per annum payable semi-annu-
ally dated on a date to be selected by
the Commission and AS soon as possible
after this Act shall become effective
and maturing fifty years after date
thereof. to be known as State Tunnel
Bonds, and to be issued and used by the
Tunnel Commission herein created In
paying for constructing and driving a
tunnel under the Main Range of the
wise
The form. terms and provisions OF
these bonds. not Inconsistent with any
thing in this Section contained shall be
fixed and determined by the Tunnel
Commission, and none of said bonds
shall be issued or sold on account OF
any loan to the State OF Colorado. but
solely. as herein provided. In payment OF
tne CONSTRUCTION OF lne IunHel herein
provided FOR.
Such bonds shall be 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
order of the Tunnel Commission and
for the purpoHos In this Act set forth
Such bonds shall he In such denoml-
nations MS the Tunnel Commission shall
decide. and payable either to bearer or to
n registered holder.
All State Tunnel Bonds. when author
lied and Issued na required by this Act
shall constitute, and the same shall be
a first and prior lien upon the Tunnel
and Tunnel Approaches, as constructed
under the terms and provisions OF this
Act. aud the Tunnel Commission III here
by authorized and empowered In the
name and on behalf of the State of Colo.
RADIO. to execute and deliver all and any
convc"nnces. indenturcB and deeds OF
trust that may be necessary In their
discretion to effect and constitute suct
Hen; and the General Assembly shall
appropriate from time TO time, when the
same shall be necessary by the General
Appropriation Blll. sums OF money suff-
client In amount TO pay the Interest ne
cruing on the State Tunnel bonds is
sued ns provided herein In this Act. and
the General Assembly shall by law pro-
vide for n sinking fund to pay the Slate
Tunnel Bonds Mt maturity to be Gre
nted out OF the State Capitol Fund, be-
ginning not later than eight years from
the date OF tho taking effect OF this Act;
PROVIDED. however. that all or any
part OF the appropriation or sinking fund