The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1912-10-19

tSEALl Secretary OF State.
AN ACT PASSED ny THE EIGHT
EENTH GENERAL ASSEMBLY AND
REFERRED TO THE PEOPLE d.
RECT ny SAID ASSEMBLY.
Notice is hereby given, that at the
General Election to be held on the Fiftn
day of November, A. j.. 1912 there VIII
Of the state OF Colorado. for their APP
proval or rejection. the following Act.
The authority, for submitting such Act
Is found in Section 3 OF House BIN No
402 of the regular Session of the Eight
eenth General Assembly. (Suid Section
9 is in words and figures following. to-
wit:
This Act is hereby referred to
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 the people as provided
in Section l OF Article V of the
CONSTITUTION of the state OF Colo
which Is, in words and figures. fol-
AN ACT t., TO PROMOTE AND IN
T fTY SF TIT HE GE sTATh f HY e6E
STRUGGLING A Tunnel UNDER
AND THROUGH THE BASE OF
LANES P M&HFNr 4 SPUR Fo or TIE
PURPOSES.
Be II EHactcd bv the General Assembly Of
he 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 e3-officio members OF said Com
mission.
Within ten days from the taking eff
feet of this act the three cN-officlo mem
bers OF said Commission shall meet ana
appoint the two remaining members. one
of whom shall be skilled and compe-
tent civil and mining engineer with ex-
perience In railway construction; the APP
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 shalt
be organized. with the Governor as
Chairman, the engineer member as Sup--
ervirl Engineer and the flfth mcmDe
as Secretary. The Supervising Engineer
shall receive "A salary Of not to exceed
Five Thousand tS5.0O0.JO) dollars per
year. and the Secretary to the Commits
sion shah receive a salary of twenty-five
huudr,d tS2,500.OO1 Collars per year. tn
said salaries 70 begin at time which
mission shall designate.
In case any vacancy arises In the
Commission II may be filled by the re-
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 Bin set forth and 10 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-
gineor and Secretary OF the Tunnel Com
mission shall cease. and no further sal
aries shall be paid in connection there
with nor shall-nny salaries at any time
be paid to the cN-officio members Of the
Commission.
See 2 There II hereby authorized
bond issue. on behalf OF the State Of
Colorado. aggregating four mliliu0 dol
lars face value, to bear four per cent.
interest per annum payable semi-annu-
ally, dated on "a date to be selected by
tho Commission ana as soon as possible
after this Act shall become effective.
and maturing fifty years after date
thereof to be known as State Tunnel
Bonds and TO be issued and used by the
Tunnel Commission herein created In
paying for constructing and driving
tunnel under the MIN Range Of the
Rocky Mountains, and under the terms
and provisions OF this Act. and not other
wise.
these bonds not Inconsistent with any
thing IN this Section contained shall be
fixed and determined by the Tunnel
Commission, and none Of said bonds
shall be issued or sold on account OF
any loan 70 the State OF Colorado, but
solely. Hs <rein provided. IN payment Of
the construction Of tho Tunnel herein
provided for.
such bonds shall be Issued In the name
OF and on behalf OF tho state OF Colo
RADIO by the Treasurer Of the state.
from time to time. upon the certified
order Of the Tunnel Commission and
Tor tho purposes In this Act set forth
Such bonds shall be In such denOnl-
nations ne the Tunnel Commission shall
decide md payable either TO bearer or TO
a registered holder.
All State Tunnel Bonds. when author
lied ana issued az required by this Act
shall constitute and the same shall be-
n first and prior lien upon the Tunnel
and Tunnel Approaches. nH constructed
under the terms and provisions Of this
Act. and the Tunnel Commission ~ here
by authorized and empowered. Ia tho
name and on behalf OF the State Of Colo
rndo 10 execute and deliver ain and any
convcvRucca. indouturcH and deeds Of
trust that may be necessary 10 thelr
discretion 70 effect and couHtitut" rucf
n Hon. and tho General Assembly Hhull
appropriate from time 10 time, when the
Same rhHll be- necessary. hY the Gvuuful
Appropriation BIN sums OF money Hufu-
Client ln amount 90 pay the Interest ace
cruiug on the State Tunnel Bonds Is
sued MS provided herein In this Act. and
the General Assembly shall by law pro-
vide for sinking fund 20 pay the State
tunnel Bonds AZ maturity. to be ere
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