The La Jara chronicle., 1908-10-16

reverse side Of each Of said bonds. Only
such an amoInt and number OF said
snr>' to pay the I!.nInts due on the
outstanding warrants of the State as
Section :. Whenct er the bonds pro-
vided in this Act are issued. it shall be
the duty o. the state board Of squali-
zation to levy and assess a special tax
on All Ia Niibie property in tins state,
sufficient in amount to meet the semi,
annual interest accruing on said
be paid into the State Treasury to nc
credit of the interest fund Of sail
les Of 1903" and for the ultimate re-
demption OF said be nds. there shall &c
ten years from the date of their issu-
ance such tax upon all OF the taxa
ate an annual fund equal to twenty
t2ol per centum of the whole am ount
OF tho bonds issued. which fund shall
1908. Sinking Fund" All taxes for
interest upon and for the redemption
Of such bonds. shall be levied and col,
lected as other state taxes. and snail
be maid into the state Treasury IN caSh
only. the proceeds thereof shall be
kept by the state Treasurer as a DIS
tinct fund under the respective heads,
TO De used in payment OF interest on.
ana iclvmption of said bonds, or Tor
their purchase as hereinafter provided.
ana for. no other purpose whatever.
PROVIDED. that whenever any surplus
remains to the credit OF the interest
fund after the fun payment of the m
terest maturing in any year. the state
treasurer shall cause such surplus TO
be transferred to the credit OF the
Funding Bond. Series of 1903. sinking
Fund. All moneys belonging to the
said sinking fund may be Invested by
said state Treasurer in any OF the
bonds issued under this Act: but not
section g The Treasurer shall in.
cludc in his biennial report statement
of the interest collected in pursuance
of this Act. the amount paid, also the
amount If any. carried to the sinking
fund. und how Invested. When any OF
the sald bonds are purchased or re
deemed under this Act. 1t shall be the
duty Of the Treasurer to cancel the
same, so that they can be plainly iden-
titled. and to cause the record of such
cancellation to he made in the regis
try books of both the State Treasurer
and the state Auditor. and they shall
be kept on file in the state Treasurers 5
OFFICE: and any such purchases and
biennial statement of the Treasurer.
Section . For the payment of the
coupons representing the first years
interest accrued and due on bonds IS
sued under this Act the State Treas
to annl- any money at that time in his
hands belonging to the general reve-
enu' fund, or the funds accruinS from
| Interest ON bank deposits: and so much
money may be necessary therefor.
Is hereby appropriated out of such
funds for the payment of said Inter
Section 10 The Governor and Attor-
ney General are authorized to pre-
scribe the form of the bonds to be Is
sued under this Act. and the coupons
attached thereto. subject to the provis-
ions contained in this Act
Section II. This Act shall not be re
vised. amended or repealed until tho
tool amount Of the indebtedness here
in provided for is wholly paid and dis
| charged,
Approved April 9Th. 1907.
In testimony whereof. . have hereuu- u-
to set my hand and affixed the great
seal of the State of Colorado. at th.
| city Of Denver. this 29th day Of Sept.
| A. ID. 1905.
TIMOTHY O'CONNoR.
tSealD Secretary OF state.