The Idaho Springs siftings-news., 1920-10-05

CONSTITUTIONAL AMENDMENT.

CONSTITUTIONAL AMENDMENT.
Notice is hereby given, that at the
ond day of November, A. D. 1890 there
will be submitted to the qualified cleo
tors of the State of Colorado the. ques-
tion of amending the Constitution of
said state.
The authority for submitting such
question. is found in SECTION Two ~
Concurrent Resolution No. 5 of the
Twenty General Assembly
which is, in words and figures, follow
ing. viz:
HOUSE CONCURRENT RESOLUTION
Section /. Whereas, The prosperity
and comfort of the citizens Of the
state OF Colorado. as the state devei- I
pendent upon the condition of the pub
lie. highways Of the state, and under
often impossible to construct and
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-
solved, by the House of Representa-
sembly. the Senate. concurring;
That there shall be submitted to the
qualified electors of the State Of. Colo,
lado, at the next general election of
members Of the General Assembly, for
their approval or rejection, the follow
ing amendment to the Constitution of
ratified by majority of those voting
thereon, shall be valid as part of the
said Constitution. to-wit:
Section three go Of Article Eleven
(XD of the Constitution of the State
of Colorado shall be amended so as to
read as follows;
Section 3. The state shall not con-
tract any debt by loan in any form.
except to provide for casual defi-
ciencies of revenue, erect public build
ings for the use of the state, suppress
to-. 11f1 rot i41
time of war assist in defending the
United States; and the amount of debt
contracted in any one year to provide
for deficiencies of revenue, shall not
exceed one-fourth of mill on each
dollar Of valuation of taxable property
fof o s9cS ssafe deb sbf shan she not anS
time exceed three-fourths of mill on
each dollar of said valuation. until the
liens Of dollars, and thereafter such
debt shall not exceed one hundred
thousand dollars; and the debt in
of public buildings shall not exceed
one-half mill on each dollar of said
valuations: and the aggregate amount
exceed the sum of fifty thousand dot
larst except as provided in Section five
valuation in this section mentioned
shall be that of the assessment last
preceding the creation of said debt;
crowded, That, in addition to the
as above, the state may contract debt
by loan for the purpose Of paying the
principal and accrued interest Of all
the outstanding warrants issued by this
state during and for the years 1887
1883, 1889, 1892 1898. 1894 and 1897
said debt to be evidenced by registered
coupon interest bearing funding bonds
to an amount not exceeding S2,115,-
10000, or SO much thereof as may be
necessary to pay said warrants and irl-
terest thereon.
said funding bonds shall be dated
December 1st, 1910. shall be payable
at the option of the State Of Colorado
at any time after ten years from their
date, shall be absolutely due and pay
able fifty (5Q) years after their date
and shall be Of the ,denomination OF
lne hundred dollars tSIgO.OQ) each, or
any multiple thereof. The interest on
said bonds shall be payable sen1i-an-
nually at the rate Of three per cent
Treasurer. or at some place in the
city Of ,New York 2; S. Al and the
able at the office of the State Treas
NO such bonds shall be Issued except
at par and accrued interest, and upon
the contemporaneous surrender and
cancellation Of q like amount Of prin-
cInal and interest Of said warrants.
said bonds to an amount equaIlipg
the principal IF said warrants n0ie held
by the public school tdnd shall h.
sistered by the State Nftdifs~ ard
Erafa treasurer in the n1me and fNr
the benefit OF ard paNJhln only To-
the said fund, and shall not be trans
.Aaa all such bonds to an ss77uni
aua4 u tAe int est on SAID 'e2rf4uts
.-Ul i-ld ia tina school fund sgafl 1e
sold by tha State m asurer 81 nt e -
ar ~ and HNgl{is q interest ard i.
roaesds thgfeaf paid into thc ool
farF and distributed 20 the
counties and school districts ~ fln
a5e for school purposes, 10 the 2.
r7rti1ns and IN tfie manner reqnird