The new era., 1910-10-20

take and subscribe an oath of office
state. in the usual form required. of
state officers, for the faithful dis
charge Of the duties required by this
and empowered to subpoena witnesses,
send for persons and papers, administer
oaths, os, and perform other acts neees-
charge of its duties. The treasurer
and auditor shall furnish the necessary
Said board shall consider and deter
mine the amount. which should fairly
and equitably be paid upon each OF
tion of the state, and shall thereupon
make and file a fun and complete
statement Of Its findings and determind5 d
the decision of a majority of said board
with respect thereto shall be final.
Its report with the auditor Of state, the
governor, the treasurer and the secre-
tary Of state are hereby authorized TO
rado in accordance with the Constitu-
tion SO amended in sum not eXceed-
tesn s bo1annS 1n aesra Sns s6S
and to exchange said bonds. or SO
many thereof as may be necessary. at
rants of the State of Colorado, issued
In and for the years 1887. 1888. 1883;
1892, 1898, 1894 and 1897, at par and
the interest accrued thereon. upon sur
render of an equal amount of said war
rants for cancellation. The holders OF
any said warrants may pay into the
state treasury any difference less than
$4,000 each, necessary to pay for the
bonds SO delivered to them respectively
Said bonds shall be dated December
LIST, 1910, shall be due and payable In
fifty years. with the option of redemp-
tion at par and accrued interest in the
order of their number at any time aft
from their date. at the Of
flee of the state treasurer of the State
Of Colorado. and shall bear interest at
payable semi-annually at the office of
the state treasurer in the City Of Den. Ben.
soOG in the 6a City of SsI
one, and shall be registered in the of
as Gf the Of sntS qe M
tested by the seal of his office affixed
to each bond. shall be evidence of their
Section 6. The bonds issued under
this act shall be known as Funding
Bonds, Series of 1910." and shall be
by the state treasurer, and attested by
the secretary of state, who shall affix
the great seal of the state to each bond
registered in book kept for that pur-
pose by the state auditor and state
are issued. Each bond shall be payable
to the bearer, and shall state upon its
face the amount for which 1t Is issued,
the date of its issuance, and the title of
this act, together with the section and
article Of the constitution authorizing
the issuance of said bonds, and the til
tie and text of this act shall be printed
on the reverse side of each of said
bonds. Only such amount and number
Of said bonds shall be issued as may
standing warrants of the state herein
above mentioned.
Section I. Whenever the bonds pro-
vided In this act lSSupd IT shall he
the duty of the state board of equaliza-
tion to levy and assess a special tax on
cient in amount to meet the .semi-an-
nual interest accruing on said bonds,
which tax when collected shall be paid
into the state treasury to the credit of
the Interest fund of said bonds. known
as Funding Bonds. Series of 191O;"
and for the ultimate redemption of said
for forty years. after ten years from
the date Of their issuance, such a tax
upon all tn the taxable aaaI, property In the
equal to two and one-half per cent.
l2k9 of the whole amount of the
called Funding Bonds. Series of 1910.
Sinking Fund"
All taxes for interest upon and for
levied and collected as other state
taxes. and shall be paid into the state
In cash Ca only M The pr9ceeds
urer as a distinct fund under the prop
er heads. to be issued in payment of
of said bonds. or for their purchase as
psrpose wRa5eVer R5' aP9 PpoYided, i DO 0thst that
sred oi .aS fend atep e9 the the
full payment of the interest maturing
In any year. the state treasurer shall
to the credit OF the Funding Bonds,
Series of 1910, Sinking Fund"
Al money. mon belonging to said sinking
treasurer in any of the bonds issued
under this act, but not otherwise.
Section 8. The treasurer shall include
IN his biennial report statement Of
this act. the amount paid. and also the
fund. and how invested. when any Of
the said bonds are purchased or re-
deemed under this act. 1t shall be the
the same, so that they can be plainly
identified. and cause the record of such
cancellation to be made in the registry
books of both tho state treasurer and
the state auditor. and they shall also
be kept on file In the state treasurer's
eaneeiiations shall also be made to ap-
pear In tho biennial statement Of the
state treasurer.
pons representing the first years in
terest accrued on the bonds to be is
sued under this act. the state treasurer
is hereby authorized and directed to
apply any moneys at that time in his
hands belonging to the general reve-
nue. fund, or the funds accruing from
interest on bank deposits; and so much
money as may be necessary therefor is
hereby appropriately out Of such funds
for the payment of said interest.
Section 10. The governor and attor-
ney general are hereby authorized to
prescribe the form of the bonds and
coupons to be Issued under this act
subject to the provisions of this act;
and all such bonds SO acquired for and
retained in the school fund. shall have
the words Not Transferable" plainly
stamped across the face of said bonds.
Approved. April 23rd. 1909.
In testimony whereof, I have here
unto set my hand and affixed the great
seal of the State of Colorado, at the
City of Denver this goth day of Sep
tember, A. D. 1910.
(SeaD JAMES B. PEARCE,
Secretary of State.
CONSTITUTIONAL AMENDMENT.