The Elbert County tribune., 1912-11-01
ISEALl
CONSTITUTIONAL AMENDMENT.

CON ONSIIIDIlONAL AMEN NDMISNT.
Notice Is hereby given. that at the
General Election to be held on the
Fifth day of November. A. d. 1912,
electors of the State of Colorado, the
qsestion Of amending the Constitution
The authority for submitting such
question is found In Senate Concurrent
Resolution No. AZ of the regular ses-
bly, which is. IN words and figures. fol-
Hhhg45Ss 5S 5e THE THE sgAh5rI5P sTA4H 5P
COLORADO AN AMENDMENT TO
FkayEN FIN 81 R an GE sTA4h TIE 6pNsT5T9 Sc cdE9
EoN6Ep BSRS T2 fSDEbTSpNEss RH9X5REs E2F oN BE. !
AA6E AMoGNf PF NOT THE ExcEnplNd snAmG 20 TEN AN
fe5skioSs edsh DSkEEAAEEfI DSkEAEINa E9R The F3Nb FHh
WAYS IN THE STATE.
Section + Whereas. the prosperity
of Colorado. as the state develops, are
becoming more and more dependent up
the nd Or unasr ads w
is impracticable and often impossible to
construct and maintain highways
shall be permanent and capable Of the
highest and best utility and service;
Section e. Now. therefore. BE Il Re-
General Assembly, the House of Repre-
,sentatives concurring:
That there shall be submitted to the
qualified electors of the State Of Colo
members of the general assembly, for
their approval or rejection. the follow
the State of Colorado. which. when ratf-
fled by a majority of those voting there.
on, shall be valid as part of tho said
Section Three (3) of Article Eleven
(XD of the Constitution of the State OF
Colorado shall be amended SO as to read
as follows:
Section 8. The state shall not
contract any debt by loan In any
form, except to provide for casual
lie buildings for the use of the
state, suppress insurrection, defend
the state, or. IN time Of war, assist
the amount of the debt contracted
in any one year to provide for de-
ceed one-fourth Of a mill on each
dollar of valuation of taxable prop
erty within the state. and the ag,
no. at any time exceed three
fourths of a mill on each dollar of
Sid Snndrea until sse oas on
dollars, and thereafter such debt
shall not exceed one hundred thou.
in any one year for erection OF
public buildings shall not exceed :
one-half mill on each dollar of said
smoant snioani0n cf such ani debt shalt never
at any time exceed the sum of fifty
yISss a sssiun aSsas fSe 81 . II a9
ticie), and in all cases the valua-
ton in this section mentioned
preceding the creation of said debt:
provided. that. in addition to the
Of debt that sss may stste be NAV n
contract a debt by loan for the
purpose of paying the principal and
standing warrants issued by this
state during and for the years,
1887. dsss. 1sss. 1ss2 1894 ssiI 1874 1924
by registered coupon interest bear
ing funding bonds to an amount not
thereof as may be, necessary to pay.
said warrants and interest thereon.
said funding bonds shall be
payable at the option. OF the State
OF Colorado at any time after ten
years from their date, s,,a shall ,,,, be az, s6,
years after their date. and shall be
Of the denomination of One Hun
multiple thereof. The interest on
said bonds shall be payable semi
annually at the rate Of , three per per
In the city Of New York. U. A..
snail sna be be payabis ,u 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
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 the
school fund. and distributed to the