Elbert County tribune and Elbert County banner., 1920-10-08

CONSTITUTIONAL AMENDMENT.


Notice is hereby given, that at the
General Election to be held on the sec
ond day of November, A. ID. 1920 there
will be submitted to the qualified cleo
tors of the State of Colorado the ques-
ton of amending the Constitution of
said state.
question is found in Section Two Cd
Of Article XIX of the Constitution or
the State OF Colorado. and in House
Twenty ty-second General Assembly.
which is. in words and figures. follow
ing. viz:
HOUSE CONCURRENT RESOLUTION.
Section 1. Whereas. The prosperity
and comfort OF the citizens OF the
State OF Colorado. as the State devel-
ops. are becomins more and more de-
@ existing law Il Is impraetieable n and
D,.fn aintan SishWsy th4ankhout 1h the
State so that the same shall be perma-
nent and capable of the highest and
best utility and service:
Section .. Now, Therefore, Be It Re-
solved. by the House of Representa-
tives Of the Twenty y-second General As
semmbly. the Senate eoncnrring;
qualified electors of tho State of Colo
rado, at the next general election of
fhe1 9r ne ssa
ing amendment to the Constitution of
the State of Colorado. which. when
thereon. thereon shall be- valid as as I part G'ihe Of the
said Constitution. to-wit:
Section three t3} Of Article Eleven
OF Colorado shall be amended SO as to
read as follows:
section 9. The state shall not con
any debt ax by iosn in any form 1s
ciencies OF revenue. erect public build
ings for the use of the state. suppress
ms of war dssns sasss tn the
United States; and the amount of debt
contracted in any one year to provide
exceed one-fourth OF a mill on each
dollar of valuation of taxable property
within the state. state. and the aggrssate
time exceed three-fourths OF a mill on
each dollar of said valuation. until the
valuation shall equal one hundred mill
thousand dollars; and the debt in
OF pabe m bud9Rs sSa 9o, .xesed
one-half mill on each dollar of said
valuation: and the aggregate amount
exceed the sum of fifty thousand del
of this article, and in all cases the
shall be that OF the assessment last
preceding the creation OF said debt;
provided. That In addition to the
amount OF debt that may be incurred
as above, the state may contract a debt
by loan for the purpose OF paying the
principal and accrued interest of all
1855 1888, 1857. 1888. lss. and 1871,
said debt to be evidenced by registered
coupon interest bearing funding bonds
to an amount not exceeding 32.115,-
10000. or so much thereof may be
necessary to pay said warrants and in
said funding bonds shall be dated
December 1st. 1910. shall be payable
at the option OF the state Of Colorado
date. @ shall all be absolutely duo % and im, pay,
able fifty l5o) years after their date
and shall be of the denomination OF
one hundred dollars GIoo.oo) each. OF
said bonds shall be payable semi -an-
nually at the rate of three per cent
per annum at the office of the State
City of New York. U. s.. A, and the
principal of said bonds shall be pay
able at the office of the State Treas-
mo such bonds shall be issued except
at par and accrued interest, and upon
the contemporaneous surrender and
cipal and interest of said warrants.
Said bonds to an amount equalling
the principal Of said warrants now held
TWsgistsrsd W @ T By the hg State % Muditor fnal and ID
State Treasurer in the name and for
tho benefit of and payable only to
the said fund. and shall not be trans
"And all such bonds to an amount
eaualiins the interest on said warrants
now held in tho school fund shall be
sold by the State Treasurer at not less
than par and accrued interest. and the
fund and distributed to the several
state for school purposes, In the pro-
portions and In the manner required