The Elbert County tribune., 1912-10-25
CONSTITUTIONAL AMENDMENT.

Notice Is hereby given, that at the
Fifth day of November. A. d. 1912,
there will be submitted to the qualified
electors of the state OF Colorado. the
The authority for submitting such
Resolution No. ss Of the regular ses-
sion of the Eighteenth General Assem-
bly,. which is. In words and figures. fol-
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Section 1. Whereas. the prosperity
and comfort of the citizens of tho State
OF Colorado. as the state develops, are
on the condition of the public highways
of the State. and under existing law It
is impracticable and often impossible to
shall be permanent and capable of the
Section q Now, therefore. Be it Re-
solved by the Senate of the Eighteenth
General Assembly, the House OF Repre-
sentatives concurring:
That there shall be submitted to the
qualified electors of the state Of Colo
rado, at the next general election OF
members Of the general & assembly; ehn yc,,d1r r0r
ing amendment to the Constitution OF
the State of Colorado. which, when rati-
on. shall be valid as a part Of the said
Constitution to-wit:
Section Three 90 of Article Eleven
Colorado shall be amended so as to read
as follows:
Section 3. The state shall not
contract any debt BY loan sar IN ca.us any
deficiencies or revenue. erect pub
lie buildings for the use OF the
the state. or, in time OF war. assist
In defending the United States: and
the amount of the debt contracted
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
not at any time exceed three
sSid sols Variation, Ss i % nntil Ill the valuation
shall equal one hundred millions OF
dollars. and thereafter such debt
shall not exceed one hundred thou
sand dollars. and the debt incurred
in any one year for erection OF
onelhalf h mil on each dollar Of said
xaassaion;r xn9aat Gr .ash aaG asss shsSi sssss
vided in section, five OF, this ar
ticle). and In all gases the duaa ysiua,
shall be that of the assessment las.
preceding the creation Of said debt
amount Of debt that may be In
surFed asSys aeSs ,y the foan state tor may ass
accrued Interest OF. all the out
standing warrants Issued by this
ste dsEng ss5 sad ,sS5 fSS ths lsss 1854
and 1897; said debt to be evidenced
by registered coupon interest bear.
sassesdaE ,ns ashaHE or s so mneh
thereof as may be necessary to pay
said warrants and interest thereon.
dated December |, 1910. shall be
payable at the option of the state
of Colorado at any time attea ten
years after their date. and shall be
dred Dollars 100000 each. 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
In the city Of ,Ssy New y york; ss,d y. honas A.
shall be payable at the office OF
the state treasurer.
mo such bonds shall be Issued
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
inp 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
tricts of the state for school pur-