Gilpin observer., 1912-10-17
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
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
8 is in words and figures following. to-
wit:
the people of the State of Colorado
the next biennial regular general
until the same has been approved
by vote of 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 TO PROMOTE AND IN
CREASE THE Gkl>hnAl fnUsPklt-
sTT OF SEIN rHE srA1 & e, By ,rN3ss E0M,
LANES PEAK. a SPUR OF THE
ROCKY MOUNTAINS. TO BE USED
P0B ~ PUBLIC IiIs OR sEMI-PuBLic
Be II Enacted ty the General Assembly of
the state Of GESlorado;
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 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 ex-
perience In railway constructions; 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
ata..r
be organized. with the Governor as
Chairman. the engineer member as Sup
ervising Engineer and the fifth member
shall receive salary of not to exceed
Five Thousand ($5.00O.JO) dollars per
year. and the Secretary to the Commits
hundred s2.500.00) dollars per year. the
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-
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-
behalf of the State of Colorado.
Upon the completion of the construc-
tion of the tunnel hereinafter referred to
mission. the position of Supervising En-
gineer and Secretary OF the Tunnel Com
mission shall cease. and no further sal
with, nor shall any salaries at any time
be paid to the ex-officio members Of the
Commission.
Sec. e. There is hereby authorized a
bond issue, on behalf of the State OF
Colorado, aggregating four million dol
is lars face value TO- bear aY IT, 10, four per cent.
ally. dated on a date to be selected by
the Commission and as soon as possible
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 a
tunnel under the Main Range of the
Rocky Mountains and under the terms
wise.
The form. terms and provisions OF
,hins n this @ Sections ~'sh shall an Be
fixed and determined by the Tunnel
Commission, and none of said bonds
any loan to the Stste OF Colorado, but
solely. as herein provided in payment of
the construction of the Tunnel herein
Such bonds shall b. issued In the name
of and on behalf of the state of Colo
RADIO 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 to
a registered holder.
All State Tunnel Bonds. when author
lied and issued as requieed by this Act
shali constitute. and the same shall be
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 Htate OF Colo
RADIO. to execute and deiivo; ali and any
convcvances. indentures and deeds OF
trust that may be neccss ary In their
discretion to effect and constitute such