The Elbert County tribune., 1912-11-01
AN ACT PASSED by THE EIGHT
ZENITH GENERAL ASSEMBLY AND
REFERHED TO THE PEOPLE d.
RECT BY SAID ASSEMBLY.


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 tho State of Colorado. for their ap-
proyai or rejection. the following Act :
is found in Section Of House Bill No.
4o2 Of the regular Session of the Eight
eenth General Assembly. !said Section
wit: -
This Act is hereby referred to
OF f6s state sr Of S9onad
the next biennial regular general
election and shall not take effect
BY vote OF the people as provided
in Section 1 OF Article V of tho
GoInstitution of the State of Colo
which is, In words and figures. fol-
AN y, As ACT T. TO TO r PRoMoTE e a., AND m
zNp aShye$ENs HSa,,az T9AShI Tz gSbSS SS
JAMES PE3K, 4 SPUR a Of OF THE IL
For ESE .ySEic Or sEMf-Pusnrc IF HsID
Be it Enacted by tho General Asse,neIy Of
ssots &c stSt, Of GSiorado
Commission to be known and designated
as the Tunnel Commission, to consist OF
five members. and the Governor. tho At
shall be sx-officio members of said Com
mission.
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 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
such two members the Commission shall
be organized. with the Governor as
Chairman. the engineer member Sup
ervtsihg Engineer and the fifth member
as Secretary. The Supervising Engineer
shall receive q salary OF not to exceed
year. and the Secretary to the Commits
sion shall receive q salary of twenty-five
hundred Cs2.500.oo) dollars per year. ths
the three ex-officio members of the Com
mission shall designate.
com,iss,o IN dsse any & vacancy ,11sd nrises N the
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 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.
tion Of the tunnel hereinafter referred 10
and Its acceptance by the Tunnel Com
mission, the position of Supervising En-
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
Commission.
Sec. 2. There. is hereby authorized a
bond issue, on behalf of the State OF
Colorado. aggregating four million dol
lars face value, to bear four per cent.
interest per annum payable semi-annu-
the Commission and as soon as possible
after this Act shall become effective.
thereof ana h To Be uS Known yea as stale runnei @
Bonds, and to be issued and used by the
Tunnel Commission herein created In
tunnel under the Main Range of the
Rocky Mountains, and under the terms
and provisions of this Act. and not other
wise.
The form. terms and provisions of
these bonds. not inconsistent with any
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
the construction Of the Tunnel herein
Such bonds shall be issued in the name
of and on behalf of the State of Colo
rado by the Treasurer of the State
order of the Tunnel Commission and
for the purposes In this Act set forth.
nations as the Tunnel Commission shall
decide. and payable either TO bearer or 10
a registered holder.
Ali State Tunnel Bonds, when author
lied and issued as required by this Act.
shall constitute. and the same shall be
a first end prior lien upon the Tunnel
and Tunnel Approaches. 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
rado. to execute and deliver all and any
convevances. indentures and deeds OF
trust that may be necessary. in their