The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1912-10-26

JAMES T. PEARCE.
ISEAL1 Secretary OF State.
AN ACT PASSED ny 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
be submitted to the qualified electors
OF the State OF Colorado. for their ap-
prevail or rejection. the following Act;
The authority for submitting such Act
Is found in Section 9 OF House Bin No
400 of the regular Session OF the Eight
eenth General Assembly. (Said 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 of the people as provided
consituton OF the Mr' State Of OF co the
rado.'D
lowing. viz:
AN ACT :, It: TO PROMOTE AND IN
Try OF THE STATE. BY CON
sTRUCTING a TUNNEL UNDER
AMP Mes TBkoHGH s THE BASE OF
ROCKY MOUNTAINS. TO BE USED
FOR PUBLIC OR sEMI-PuBLiC
Be II Enacted by the General Assembly Of
Section /. There Is hereby created n
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
missen.
| Within ten days from the taking eff
| feet OF this act the three ex-officlo mem
\ bers of said Commission shall meet and
appoint the two remaining members, one
J, OF whom shall be a 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 shall
| be organized. with the Governor as
| Chairman the engineer member as Sup
| as Secretary. The Supervising Engineer
| shall receive IA salary Of not to exceed
| Five Thousand as, 100000 dollars per
| year, and the Secretary to the Commits
/ sion shall receive a salary OF twenty-five
hundred ts2,5O0.O0) dollars per year, the
said salaries to begin at n time which
| the three eN-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 vacancy
| The Tunnel Commission as herein con-
| stltuted 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-
| ton OF the tunnel hereinafter referred to
| and its acceptance by the Tunnel Com
mission, the position of Supervising En-
| gineer and Secretary OF the Tunnel Com
mission shall cease, ana 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 q There is hereby authorized IA
| 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-
| ally, dated on date to be selected by
| the Commission and as soon as possible
| after this Act shall become effective,
| and maturing fifty years after date
| Bonds. aud to DO issued ana used by the
| Tunnel Commission herein created In
paying for constructing and driving "A
| 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 aud 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
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
| for the purposes In this Act set forth.
Such bonds shall be In such dcnoml-
nations as the Tunnel Commission shall
decide. and payable either to bearer or TO
a registered holder
All State Tunnel Bonds. when author
lied ana issued as required by this Act
| "a first and prior lien upon tho Tunnel
| and Tunnel Approaches, as constructed
under tho terms and provisions OF this
| Act. and the Tunnel Commission " here
by authorized ana empowered In the
| name and on behalf OF tho State Of Colo.
RADIO to execute and deliver all ana any
| convovnncos indonturca and deeds OF
trust that may be necessary In their
| discretion TO effect and constitute suct
| n Hen: and tho General Assembly shall
appropriate from time TO time, when the
| same shall be necessary. by the General
| Appropriation Bin sums OF money nufn-
| Client In amount 90 pay the Interest me-
uriing on tho State Tunnel HondH. ~
| the General Assembly shall by law pro-
vide for n sinking fund TO pay the State
Tunnel Bonds at maturity. TO be ere
atod out OF the State Capitol Fund, be-
ginning not later than eight years from
the date of the linking effect OF this Act.
PROVIDED. however, that all or any
part OF tho appropriation or sinking fund