Semi-weekly herald., 1916-11-02
i-J
LAM OF THE STATE
OF COLORADO. INITIATED 80
fEIiIiON UNDER THE INIT
ALIVE AND REFERENDUM.
sIaAIlJ


,-y VI o'eihDeI, ~ ~ I1lo' thei1 ~.
90 suouiIttsu 20 une quallteu eiyctois o4
4o 5lute u CoiOrs9o tuf tneH aipsUts
q ieJrutJJIi, tllv lOiiUNIiis proposed A..tN
- tuu STATE OI JUiUtauv, uiItlltcd ~.
rptiUn ul4uer tne 4nitf.tIse ami l.etef
.iutuii, wuiCn lnIttateu petitlon contain
"a tne sIsnatutus Oi 4uOIe tndu tue ic
,Ateu nuliIUGr, (to-Wlt. per cenD o.
Ae ItBni yUtels u tne state VI CoiSiauSi
.aly ssiI4isu, II acDOluaitre "4tn Ia
...n, anu lnea ii thc oliiee OI tne Sc
st.Iy ul Skate Ga tuc oiAth uay "
,44y. -. -. IJlo, AZ 4ioJ eiocH r. Al
Ine autHOiity tv4 auoHhttfIo su-H pa
.15yu Law IS IvuIId 40 section
..ueie Oi Tie Constitution ol 'tl't
LATE Vi COiurauo, p4Oyidins to4 tA'
ls444L FO4s A.N ADI IN hELA I4O.N
- 4uE ~, ~ siE-N 4 or III
rDDI-LC sGHOOl- RoNDo.
30 II An4e.44 u lne rcople Of ui,
.state VI LOiOrauO:
5eluon 4 Au s.uool flnds of IL,
.4tc, ,,uetl4eI prIIIaLsnt VI inrOh4e, ut
-ss otI4gi Wlse ulspueeu VI " law ah@l
"a III, vslvu AS "iie~tsu %! tio s-.''
.JaiJ l.lnu cVHiiissionei
r44s.-lu 4ntuI v.,e- yvAi"4s variants o.
.4e 5t,4te vi OVlOtauU,
Inllu~.5y loans on unillcumuerea Gu
u..teu tariu IanuB Nitiln tIc state 90
-Oior4uO, aud ia mahnvi hstei"Ais1.
.-toh fueu,
Youiu-lu bonds oil schoo. district
.4uuuu the 5taAe Ok LOIOtduO.
-lt4es, Town u cay. aHu v.ly ana eVAi
.ls VI inc S.ats uI CvlOIHdoi p4usIIrA
.J,,e svi, tn4t puIoie aAS Ho"S59 "t.
- Ils gsLeu Hi OvAos ol SOuA.tS9, SAI-~-'
own Vi pI.yi 4nu .Ity .Lnu eVSntles o.
..I4JUi uIsuIota, the Fai4eity u sue
..,uus 5iiaIl LiiaL O1 determined " ltt
..ulugy scnU44 Vi tuc STATE, eAia t+'
.,a.e Dyaiu VI Itl.iu eOHliItsa4One4o mus
30 aaLsIted LuaL suCn OoAus ate A4 "H
aspycts Iusal anu sole Ih' ~a-tLie4i'
-uu II Is lurtner pIotldeI. ho"e'ai '"a'
s4Uu DOnus VI Nall aAta small 10 S~'
-uused a. pIIcc mo- 70 cAeeeu p1l Val
&C atnd tne aCerueu interest t"ei eoH'
.3ettIUu =. uatfuGHt " 4ohuS Oh S"A
-4s4tuI LutIu IAnus f.Wit4lh Llc 9tHte %.
oloIauO small W nl,tuo ulny 20 Ac4ayHs
rnU aie actual Ies.aehts va aNtl' '"'u
-4lu tuSn Ouly pll 4alids oA "il'NN '''-
.ypralaeo yuIue IS not less thHh s''N-
81 stcIe ana ~ suius oi not 70 eAt--v
-,.,UU.vu ~ any une pea son, s-th ivAitt
,.ut ut. ilttue lor dL least one AMI lty
.AuIe IMAM ilte ) saia, aliu sAHl pr e'4
.euNuu " piUIIiasuIy notes DeGl4He 'i-
,ei cent " pei Cet4tJintcil lal per "hst-"-'
AystuIu anuudIly MIA uue' "Ath 'htri Sa'
a. tne r,L.e VI eisnt pri se"' 70 Fe'
.auI pvT stuiIuin aItct nlatuilty olt HotN
sl4uu.pdI iluu uCunquent ihtctrst' 'ee''
.,uluissury notes 10 ue secured ~
esd VI - ust ~ the pGDuc ti"7.co -Si
arc county wherein tne lAho 10 sitdatt1.
Al IasOr tOt tue state JL Co4oldiu' upv-
cal estate as aoO'c dess4ipeu "a a.
4ppItIsuu value VI AZ ivdat titsa tuLAs'
,ue amount ui the sum uOfrO"eu.
applications lof loans Oh cuttls dtc1
aim lauus suaI UG made uuect 20 tit
s.ate DOaiu VI lanu cOuiniaslunela upon
ll.titN IUrns 70 ut piOtsusd LOs thst
.iiIvss tnv applicant mas bOVd tAt4e
"a lee sunpie 20 tne idhus olleis1 d.
seCuIIty IUi the loan. Upoh receipt o.
.ue application tne htaLe oodlu VI it+A1
-o4n4ulssIOuSr5 sueiIi, uplcaS they h45si
llove Lue ioan ln the litst iHsLAAe1,
-2use the Iand TO NC thoioushIJ SN14"-
.lud ana appraised. anu II, IA tne4i
auIment, the security 10 ample anu ti4e
.pDDuelit ia All Respects comes "itn4"
telnIs or me PROVISIONS vL TINS 'iet'
,-ley may approve tAe lodht PRIV turH'
AOls ever, that in inc event th1t thc Io.4"
90 made on irrigated Janus, saen ic-
lleemeuts shan De nude ~ the uudtS
VI ANA comm ssIOners as shah secure 70
me stale nIst llen upon AL wafer anu
"atet rights Tor the irrigation oI sa'd
stnds
Nnen the application is approved by
me sta.e boaru oI iand commissioners,
me resiater snail complete inc GOhtIaSt
oy taI..nL pIuInlssory nute payaDle 10
.ue state ii Colorado ana secured py
Ieod ol trGst upon tRe iaun IA inahHe4
aud form ID ABOVE mentioned, anu hs
snail forthwith transmit the deed ui
rust " Inc county SIetR ahu ictoiue4
u me proper county Tor recording. AS
suon as me used OF trust Is returned
.Iou tue county CLERK anu recotuei WIG
.iIe usual certificate OL recoru, tus Iv6ls-
ser suali tIAnslllN tnU note ana ueeu VI
must and AL Otnel securities lu 4Ass-loA
20 the state treasurer, VINO small thgie
4pUu pay 70 tue dLpilcdht li4e Nl4oNi't
Vi money named IL bttid note. 4bN
stAte board of lund commissioners Shdh
"A eucn case require lsou the applicant
.tn abstract OF tIIle ~ tAe laiiu, Gultt
led 10 include the deed JI trustt winch
slid abstract small also DC uepositeu
Nlth tne state treasurer "a couneelloh
AILn tie uote and decd ol Lust.
FAILURE To pay any oI All taxes Wheu
ne same are uue, OF Ialiuie lu pay Lis
interest upon the said note IN accord
.nee with the terms OF the note, small
euuer Ine principal due ana pay Noici
InythIng IN the mole OF ueed OF uuai
- the contrary Notwithstanding.
When II loan has been maue and the
borrower desires 70 renew the same ioi
me Or not more IMAM tiFe years ~ may
ae done in manner as tne loan Nuz
.4lddu IA the lrst instance, bul 40 ucW
.ustraet, except a continuation OF thy
s.lme down 10 the time oI extension, hO4
examination OF the uue pfiur 10 Tue
irtgtnul loan, nor new deed Oi trust
Iteu be required, unless the deed u
rust Is to be given upon otAer lauus-
ihe time OF payment Mlthout AHitiel
security, may be eNtendeu ia WfltinB "
Je recorded as the original security Woa
accorded, and before maturity Of the
-iaim, when the state board ul Land
commissioners snail 50 olucr, nut suDh
istension OF time snail not operate To-
elease any security held, ana idEso vi
Ime shall IN no case be bar 70 any
4cuon to recover any part OF me school
Jr other permanent fund SO lounedi nul
shall 1t prevent the Introduction ol eFi-
Icuce IN such action, any provision ui
.ne law to the contrary uotWustand-
.ng.
al payments OF either principal on
interest upon loans, or OF any Other
haracter. shall be made to the resl4tel
vi the state board OF land commission
rs, who shall forthwith transmit tHe
same to the treasurer with u ceruiico,t
showing the amount and the puISoag
or which the payment Is made, ild inC
treasurer shall forthwith inuorae upon
he note 10 proper form the paymeu
10 made, and when the debt IS tuiiy
aid, the treasurer shall cancel the note
and deliver the note, abstract of utlc
md deed Of trust and all other securl
les to the register of the state boarO
Of land commissioners, the register OF
The said board shall execute ana de
liver n request for the release Of such
iced of trust and return the note, alb
stract ana other securities to tho debtor
tud report the same to the state bonru
" land commissioners at lts next meet
ng which report shall be carried into
he records Of the board.
The register OF the state board OF land
commissioners shall also keep in his Of
flee. In books to be provided for that
purpose, accounts TO be known as Per
manent Fund Accounts" In which
memorandum of ali notes, MORTGAGE
deeds of trust, bonds, money and as