Gilpin observer., 1912-10-10
AN ACT PASSED BY 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
be submitted to the qualified electors
OF the State of Colorado, for their ap-
The authority for submitting such Act
is found in Section 8 of House Bill No
4o2 OF the regular Session of the Eight
eenth General Assembly tSaid Section
is in words and figures following, to-
wit:
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 of Article V of the
Constitution of the State of Colo
which is. in words and figures. fol-
lowing. viz:
CREASE TIE GE.HaI,A... - n .fi.nspts<- HsS iN-
sTkucTINa 4 Sfl TGNNEL NJ 3 UNDER DER
.AMEs PEAK, A SUR OF THE
P1R PS,R Rpdsrs PuSLic OR sEMi-pUBLic
Be II Enacted bU the General Assembly of
Section l. There is hereby created a
Commission to be known and designated
as the Tunnel Commission. to consist OF
1--WE members. and the Governor, the At
torney General and the State Treasurer
snail 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
appoint the two remaining members, one
OF whom shall be skilled and compe-
tent civil and mining engineer with eN-
perence 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
ChairmaR the engineer member as Sup
ervising Engineer and the fifth member
as Secretary. The Supervising Engineer
Five Thousand s5.O0o.oo) dollars per
year. and the Secretary to the Commits
hundred S2.500.0O) dollars per year tn
said salaries to begin at time which
the three ex-officio members of the Com
mission shall designate.
In case any vacancy arises in the
Commission II 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 vacancyA
The Tunnel Commission as herein con-
stituted shall have all powers hereinafter
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-
tion of the tunnel hereinafter referred to
and Its acceptance by the Tunnel Com
gineer and Secretary OF the Tunnel Com
mission shall cease. and no further sal
aries shall be paid In connection there
be paid to the ex-officio members of the
Sec. 2. There is hereby authorized a
Colorado. aggregating four million dol
lars face value. to bear four per cent.
interest Int per annuin payable semi-annu.
the Commissi Ion and as soon as possible
after this Act shall become effective,
so Sc S as STATE after an,s
Bonds, and to be issued and used by the
Tunnel Commission herein created in
Rocky Mountains, and under the terms
and provisions of this Act. and not other
The form. terms and provisions of
these these bonds: not not Inc Inconsistent with any
fixed and determined by the Tunnel
Commission. and none of said bonds
shall be issued or sold on account of
loan seren s ehs sS5 Of but
the construction of the Tunnel herein
Such bonds shall be issued In the name
RADIO by the Treasurer of the state.
IRON time to time. upon the certified
for the purposes In this Act set forth.
Such bonds shall be In such denomi-
nations as the Tunnel Commission shall
decide and payable either to bearer or to
n registered holder
All State Tunnel Bonds. when author
lied and issued as required by this Act
shall constitute. and the same shall be
n first and prior lien upon the Tunnel
and Tunnel Approaches us constructed
under the terms and provisions OF this
Act. and the Tunnel Commission is here
by authorized and empowered, In the
name and on behalf OF the State OF Colo
fado to execute and delivef all and any
convcvancos. indcntures ard deeds OF
trust that may he necest airy in their
discretion to effect and Constitute such