Gilpin observer., 1920-09-30

CONSTITUTIONAL AMENDMENT.
Notice Is hereby given, that at the
ond day of November. A. d. 1920. there
Will be submitted to the qualified cleo
tors of the state Of Colorado the ques-
said state.
The authority for submitting such
question is found in Section Two (2)
Of Article XIX of the Constitution of
Concurrent Resolution No. OF the
Twenty second General Assembly.
which is. in words and figures. follow
HOUSE CONCURRENT RESOLUTION.
Section /. Whereas. The prosperity
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
lie highways OF 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 =. 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.
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
(N) of the Constitution of the State
of Colorado shall be amended so as 20
read as follows:
section 9. The state shall not con
except to provide for casual defi-
ciencies OF revenue. erect public build
ings for the use OF the state. suppress
time of war. assist in defending the
United States: and the amount of debt
for deficiencies Of revenue. shall not
exceed one fourth of mill each
dollar of valuation OF taxable property
amount of such debt shall not any
time exceed three fourths of a mill on
each dollar of said valuation. until the
lions of dollars. and thereafter such
debt shall net exceed one hundred
% cured in u anW one ana Year "a" for 'ep. epection
of public buildings shall not exceed
one half mill on each dollar OF said
OF such debt shall never at any time
exec exceed the sum OF f:ity th9usanI dsl-
valuation in this section mentioned
shall be that OF the assessment last
"Providcd. 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 S2.1l5.-
100000. or so much thereof as may be
necessary to pay said warrants and in
terest thereon.
said funding bonds shall be dated
December LIST, 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
and shall be OF the denomination OF
one hundred dollars tsl0000) each. or
any multiple thereof, The interest on
nually at the rate OF three per cent
per annum Mt the office of the State
cty OF New Sr York T. place .nd n 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 eontemporan2ous surrender and
cipal and interest Of said warrants
said bonds to an amount equalling
the principal Of said warrants nov hold
State Treasurer in the name and for
the benefit OF and payable only to
ferabe.
And all such bonds to nm amount
equaliipg the inteiest on said warrants
sold by the State Treasurer ut not less
than anan. ! par and an. accrued Interest. and the
counties and school districts OF the
portions and in the manner reauired