The Ordway new era., 1920-10-01

CONSTITUTIONAL AMENDMENT.

CoNsTITUrIoNAL AMENDMENT.
Notice is hereby given, that at the
General Election to be held on the sec
viii vii fss be ss9bmitted 9 to the qDaiified eiec
tors OF the State of Colorado the ques-
tion of amending the Constitution of
The authority for submitting such
question is found In SECTION Two e22
the State of Colorado. and in House
Concurrent Resolution No. of the
Twenty-second General Assembly,
HOUSE CONCURRENT RESOLUTION.
Section /. Whereas. The prosperity
State OF Colorado. as the State dever
ops. are becoming more and more de-
pendent upon the condition of the pub
existing law It is impracticable and
often Impossible to construct and
State so that the same shall be perma.,
nent and capable of the highest and
best utility and service;
solved, by the House of. Representa-
tives OF the Twenty-second General As
sembly. the Senate concurring:
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 sen 2.,; 70; for
ing amendment to the Constitution of
the State of Colorado. which. when
thereon shall be valid as a part OF the
said Constitution. to-wit:
Section three ca Of Article Eleven
of Colorado shall be amended SO as to
read as follows:
Section 3. The state shall not CON
except to provide for casual def
ciencies OF revenue. erect public build
ings for the use of the tb STATE suppress
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
amount 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
thousand dollars: and the debt In
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 thousan1 dclo
valuation in this section mentioned
shall be that of the assessment last
preceding the creation of said debt;
"Proyided. That, in addition to the
amount of debt that may be incurred
as above, the state may contract n 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.
1888, 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 In
terest thereon.
said funding bonds shall be dated
she oPon @ Of ' tRe saa saa dS BE
at any time after ten years from their
date. shall be absolutely due and pay
and shall be of the denomination OF
one hundred dollars (s100.o0) each. or
any multiple thereof. The interest on
aaS Sona' n tss rate Of isres per
per annum at the office of the State
Treasurer; or at some place in the
@ principal % % Of said bonds shall be ' pay sye
able at the office of the State Treas
mo such bonds shall be Issued except
the contemporaneous surrender and
cancellation of a like amount of prin-
cipsl and interest of said warrants.
said bonds to a. an amount eoueliingg
by the public school fund shall be
Registered by the State Auditor and
State Treasurer in the name and for
the said fund. and shall not be trans
And all such bonds to an amount
now held in the school fund shall be
sold by the State Treasurer at not less
than par and accrued interest, and the
proceeds thereof paid into the school
counties and school districts of tho
state for school purposes. In the pro-
portions and in the manner required
by law.