The Monte Vista journal., 1912-11-02

October. A. d. 1912.
JAMES b. PEARCE.
ISEAL1 Secretary of state.
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 Flfth
day OF November. A. ID. 1919. there VIII
be submitted to the qualified electors
of the State of Colorado. for their ap-
proval or rejection. the following Act:
The authority for submitting such Act
is found in Section . of House Bin No.
402 of the regular Session OF the Eight
eenth General Assembly (Said Section
is in words and figures following. to-
wit:
This Act is hereby rcfqrred to
the people OF the State of Colorado
for their approval or rejection nt
the next biennial regular general
election and shall not take effect
unti the same has been approved
by vote of the people as provided
Constitution of the state of Colo
rado.0
which is. In words and figures. fol-
lowing, viz:
CREASE THE GENERAL PRGspER-
ITY OF THE STATE, BY CON
STRUGGLING a TUNNEL UNDER
AMP iI,s sTHbAkoSHGH bASSSH THE THE BASE BASE OF o}EEs
ROCKY MOUNTAINS, no BE USED
FOR PUBLIC OR SEMl-PUBLIC
PURPOSES.
Be II Enaotod bu the General Assembly Of
The state Of Colorado:
Section l. There Is hereby created
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 ef-
feet of this act the three eN-officio mem
bers of said Commission shall meet and
appoint the two remaining members. one
of whom shall be a skilled and compe-
tent civil and mining engineer with ex-
perience In railway construction; the ap-
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
ervisl.g < Engineer and tho iifth member
as Secretary. The Supervising Engineer
shall receive a salary Of not to exceed
Five Thousand (Sj,OOO.JO) dollars per
year, and the Secretary to the Commis-
sion SHAH receive salary of twenty-five
huudrOd d tS2,JOO.OO) collars per year, tns
said salaries to begin at time which
the three eN-offiClo 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-
sttuted shall have all powers hereinafter
in this BIZ set forth and 20 act In re-
spect to such matters in the name and on
behalf of the State of Colorado.
Upon the completion of the construc-
tion of the tunnel hereinafter referred to
and It's 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-officio members of the
See. 2. There is hereby authorized Il
bond issue, on behalf Of the State OF
Colorado. aggregating four million dol
lars fac0 value. to bear four per cent
interest per annum payable semi-annu-
the Commission ana as soon as possible
after this Act shall become effective
and maturing fifty years aftcr date
thereof, to be known ms State Tunnel
Bonds. and to be issued and used by the
Tunnel Commission herein created In
paying for constructing and driving a
Rocky Mountains, and under the terms
md provisions Of this Act, and not other
wise.
The form. terms and provisions Of
these bonds. not inconsistent with any
thinE In this Section contained. Hhnll be
fixed and determined by the Tunnel
shall be issued or sold on account OF
any loan to tho State OF Colorado. but
solely as herein provided. IN payment OF
the construction Of the Tunnel 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 49,, upon tho certified
order Of the Tunnel Commission and
for the purposes IN this Act set forth
Such bonds shall be In such donoml-
nations nH the Tunnel Commission shall
decide aud payable clthor to bearer or TO
a registered holder.
All State Tunnel Bonds. when author
lied ana issued as required by this Act.
shall constitute. ana the same shall he
first and prior lien upon the Tunnel
nnd Tunnel Approaches. as conHtruCtou
under the terms and provisions OF this
Act, and the Tunnel CummlHslOu is here
by authorized ana empowered. In the
RADIO TO execute and deliver all and any
convovanccs indentures ana deeds OF
trust that may be necessary In their
discretion TO effect and constitute Fuct
len. and the General Assembly shall
appropriate from time 10 time, when the
Same shall DO ncCoHHnry. by tho Gourrnl
Appropriation Hlli. sums OF money rufr-
ciont In amount to pay the interest uc-
cruing on the State Tunnel Bonds 'ia-
the General Assembly shall by law pro-
vide for sinking fund to pay the State
Tunnel Bonds nt maturity. TO be Gre
nted out OF the State Capitol Fund. be-
ginning not later than eight years from
the date OF the taking effect OF this Act.
PROVIDED. however, that all or any
part OF the appropriation or sinking fund