The daily sentinel., 1910-10-27

ana ffle tho same Win the secretary ok
state. in the usual form required of
state officers. for the faith ful dis
charge OF the duties required by this
act said board Is hereby enthoriI
send for persons and papers. administer
oaths and perform other acts neces-
sssy to The re. spseidy SPEEDY and proper dis
and auditor shall furnish the necessary
clerical help required by the board.
Said board shall consider and deter
and equitabiy be paid upon each of
said warrants. and is an honest obiiga-
tion Of the state, and shall thereupon
statement of its findings and determin-
alton with the auditor of the state, and
the decision OF a majority OF said board
with respect thereto shall be tinal-
Section 5. After said board has filed
Its report with the auditor of state. the
governor. the treasurer and the secrs-
tary OF state are hereby authorised to
issue the bonds of the State of Colo
rado In accordance with the Constitu-
tton go amended in sum not exceed
teen thousand dollars. 92.ii5.ooo.oo)
and to exchange said bonds, or so
many thereof as may be necessary. at
par and accrued interest. for said war
rants OF the State of Colorado. issued
In and for the years 1887. 1883. 1889,
1892, 1ss3. 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
fifty years. with the option of redemp-
tion at par and accrued interest in the
order OF their number at any time aft
er ten years from their date, at the Of
flee of the state treasurer of the State
of Colorado. and shall bear interest at
the rate of three per cent. per annum.
payable semi-annually At The office Of
yer. Colorado, or In the City of New
York. Said bonds shall be numbered
consecutively. beginning at number
one, and shall be registered In the Of
flee OF the auditor of state. and his
certificate of such registration. at
tested by the seal of his office affixed
to each bond. shall be evidence OF their
legal issue.
Section s. The bonds issued under
this act shall be known as Funding
signed by the governor countersigned
by the state treasurer. and attested by
the secretary Of state. who shall affix
the great seal of the state to each bond.
Said bonds shall be numbered and
registered in book kept for that pur-
pose by the state auditor and state
treasurer, In the order In which they
are Issued Each bond shall be payable
to the bearer. and shall state upon Its
face the amount for which It 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 IT,
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
be necessary TO take up or pay the out
standing warrants of the state herein
above mentioned.
Section Z; Whenever the bonds pro-
the duty of the state board of eauaiiza-
tion to levy and assess a special tax on
all taxable property In this state suffi-
cient in amount to meet the semi-an-
nual interest accruinx on said bonds
which tax when collected shall be paid
INTO the state treasury to the credit of
as Funding Bonds. Series of 1s10;"
and for the ultimate red demption of said
bonds there shall be levied annually
the date of their Issuance, such q tax
upon all the taxable property in the
state as shah create an annual fund
3KS) Of the whole amount OF the
bonds Issued, which fund shall be
called Funding Bonds. Series of 1910,
All taxes for Interest upon and for
the redemption of said bonds shall be
levied and collected a. other state
treasury in cash " ony s0 Ps Pss 'ps Sssas
thereof shall be kept by the state tire a.
ursr as distinct fund under the prop
the interest on AVID for the red mption
of said bends, OF for their purchase as
hereinafter pro- ided. and for no other
ny sSPpu. to thu. sss
credit OF said Interest fund. after the
iull payment OF the interest maturing
cause Nieh surplus to be transferred
to the credit OF the Funding Bonds.
Series OF 1910. Sinking Fund.-
tuna mss 0HSsSnf ss TO '.S IL. .t.,
treasurer In any OF the bonds issued
under this act. but not otherwise.
a., section @ :. The treasurer shall inslSSe
the interest collected in Dursuanos Of
this act. the amount paid. and also the
smSpnt fana snd ssw any s.sTisS to 81: sinking
the said bends are purchased or re.
deemed under this act. It shall be the
sny ss ssm .h: sss; s., =. ...
cancellation to be made In the registry
SSoks S. .,.,s e both sSd, the .s3t; s,s.:ur:F ,
b kept on file in shs state trsasursTs
office; and any such purchasss sal
c.nssiisticns u lon shall also Be made y a.
seosies :. yer III. payment of s.s-
gsn: g:a.., r:ss:s:3sins :.s:s: s r.: sns T., year:
susS sndsF tAis act. the state TREASURER
splly any neaeys q that time in Ais
nss fsnd. o. sSs rsnds soeruiss RE- re:
Interest on bank asDosits: and 30 much
hereby appropriatsl out Of such funis
Section 10. Tks gevsr.or and after.
1ey 9onsPel are hereby AUTHORISED IL
prsscfib~ NJ form ef the bends ~
subject . the provisions 81 this act;
anA all such tends 10 acquired for and
retained IN the scheol fund. shay hsye
stamped aeross the face Of said Sonda,
Approved, April 13rd, ieeS.
In testimony whereof. I have here.
seal Of the state OF Colorado, at the
City of Denver. this 1etA day Of Sep
tember. A. D. 1910.
(ssaD JAMES y PDANcR,
SECRETARY OF State.