Elbert County tribune and Elbert County banner., 1920-10-01

CONSTITUTIONAL AMENDMENT.


Notice is hereby given, that at the
General Election to be held on the sec
ond day OF November, A. d. 1920, there
Will be submitted to the qualified cleo
tion of amending the Constitution of
said state.
question is found In Section Two (2)
OF Article XIX OF the Constitution OF
the State OF Colorado. and in House
Concurrent Resolution No. 8 of the
Twenty-second General Assembly.
which is. in words and figures. follow
ing. viz:
and comfort OF the citizens OF the
State~of Colorado. as the State devel-
ops. are becoming more and more de-
pendent upon the condition OF the pub
ie sst,n fighwsys q the state, and under
maintain highways throughout the
State so that the same shall be perma-
nent and capable of the highest and
best utility and service;
Section 2. Now, Therefore. Be 1t Re-
tives OF the Twenty-second General As
That there shall be submitted to the
qualified electors of tho State Of Colo
rado. at the next general election of
members of the General Assembly. for
their approval or rejection. the follow.
Ing amendment to the Constitution of
ratfed as By nSjory of those vUtnR
thereon. shall be valid as a part Of the
said Constitution. to-wit:
t2kD of the Constitution of tho State
OF Colorado shall be amended SO as to
read as follows:
Section 3. The state shall not con-
eeneie. Of reS.nae sS.s erect ai paSiie baid afI
insurrection. defend the state, or, in
time of war. assist in defending the
United States: and the amount of debt
for defieieneies Of revenue. shall not
dollar Of valuation Of taxable property
amount OF Of such debt shall not any
time exceed three -fourths OF mill on
valuation shall equal one hundred mil
lions of dollars and thereafter such
debt shall not exceed one hundred
CURED in any one year for erection
OF public buildings shall not exceed
one-half mill on each dollar OF said
valuation: and the aggregate amount
OF such debt shall never at any time
exceed the sum Of fifty thousanl del
valuation in this section mentioned
shall be that OF the assessment last
"Provided, That, in addition to the
amount of debt that may be incurred
as above. the state may contract debt
principal and accrued interest of all
the outstanding warrants issued by this
state during and for the years 1887,
said debt to be evidenced by registered
coupon interest bearing funding bonds
to an amount not exceeding f2.115.-
10000. or SO much thereof as may be
necessary to pay said warrants and in
terest thereon.
said funding bonds shall be dated
December 1st. 1910. shall be payable
at any time after ten years from their
date. shall be absolutely due and pay
able fifty l5o) years after their date.
one hundred dollars 0100.00) each. or
any multiple thereof The interest ON
said bonds shall be payable semi-an-
nually at the rate of three per cent
Treasurer. or at some place in the
City of New York. u. 8. 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 GGf1nttsmporsnes0Tus Gfn,ts s stT = surrender and
cipal and interest of said warrants.
said bonds to an amount equallinR
the principal Of said warrants now held
registered by the State Auditor and
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
equalltng the interest on said warrants
now held in the school fund shall be
than par and accrued interest. and the
proceeds thereof paid into tho school
fund and distributed TO the several
state for school purposes. In the pro-
portions and in the manner required
by law.