The Julesburg grit-advocate., 1920-09-30

CONSTITUTIONAL AMENDMENT.

CONSTITUTIONAL AMENDMENT.
Notice is hereby given; that at the
General ELECTION TO be held on the sec
Snn be sbmtted %t to me au.Iified .iecs
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 (2)
of Article XIX OF the Constitution Of
The of csiSTad0 No Snd In 81 HoIss ss
Twenty second 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 devel-
pendent upon the condition of the pub
lie highways of the state, and under
existing law it is impracticabie and
often impossibie to % %Gonstruct ana ana
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-
tives Of the Twenty-second General AS
sembly. the Senate concurring:
That there shall be submitted to the
qualified electors of the State Of Colo
RADIO. at the next general election Of
members of the General Assembly, for
their approval or rejection. the follow.
the State OF Colorado, which, when
ratified by @ majority of those voting
thereon. shall be valid as part Of the
Section three t3) 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-
eNcsp. to provide provide for, for casual ,, d def
F~r ,f hA otAt
inxurreetion. defend the state. or. In
time of war, assist in defending the
United States; and the amount OF debt
for deficiencies of revenue. shall not
dollar Of valuation Of taxable property
amount Of such debt shall not any
time exceed three e-fourths Of a mill on
each dollar Of said valua tion. until tn,
H" ions Of dollars and thereaster sIch
thoussnd dollars: and the debt in
sq pnse s: So 1o. esseea
onehan mill on each dollar of said
valuation: and the aggregate amount
exceed the SUM Of fifty thousand del
larst except as provided in Section five
of this articlel; and In all cases the
shall be that OF the assessment iast
preceding the creation Of said debt;
provided. That. in addition to the
as above. the state may contract a debt
by loan for the purpose OF paying the
principal and accrued interest of all
state during and for the years 1887.
1883. 1859. 1892. 1893. 1894 and 1897.
said debt to be evidenced by registered
to an amount not exceeding ,2IiS.-
10000. or 40 much thereof as may be
necessary to pay said warrants and in
Said funding bond. shall be dated
December 1st. 1910. shall be payable
at the option Of the State of Colorado
date. shall be absolutely due and pay
able fifty t5o> years after their date.
and shall be of the Denomination OF
any multiple thereof. The intcrcst on
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
NO such bonds shall be issued except
~ par and accrued interest and upon
the contemporaneous surrender and
cancellation OF like amount Of prin-
cipal and interest of said warrants
Said bonds to an amount eauailinr
reeistcred by the State Auditor and
state Tres surer in the name and for
the benefit Of and payable only to
the said fund, and shall not be trans
ferable.
And all such bonds to an amount
.qualiinH the interest on said warrants
vow held in the school furA shall be
sold by the State Treasurer at not les.
than rsr and accrued interest. and the
proceeds thereof paid into the school
fund and distributed to the several
and school districts OF tho |
state for school purposes. Ia the pro-
n"rti"ns and in the manner required
by law.