The daily sentinel., 1910-10-29

taMs and subscribe an oath of offioe
and file the same with the secretary Of
state. In the usual form required of
charge of the duties required by this
act. Said board il hereby authorized
and empowered to subpoena witnesses.
oaths, and perform other acts neces-
sary to the speedy and proper dis
charge of its duties The treasurer
clerical help required by the board.
Said board shall consider and deter
mine the amount whicl. should larry
and equitably be paid upon eacn oil
tion of the state. and shall thereupon
make and file fun and compiste
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 final.
Section 5. After said board has filed
its report with the auditor of state. the
governor. the treasurer and the secre-
tary Of state are hereby authorized TO
issre the bonds Of the State of Colo
RADIO in accordance with the Constftu-
tion so amended In n sum not exceed
ing two million. ne hundred and NJ
teen Thousand doliars 2.1i5.oOo.ool
many thereof as may be necessary. at
par and accrued interest. for said war
rants OF tho State OF Colorado issued
1892, 1893. 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
state treasury any difference less than
10000 each, necessaryto 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 att
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
tho state treasurer in the City of Dem
yer, Colorado. or in the City of New
consecutieely, beginning at number
one. and shall be Registered In the Of
flee of the auditor of state. and his
sy ,Ss sa of Ss ofe. fsed
10 each bond. shall be evidence of their
Section 3. The bonds issued under
this act shall be known as Funding
Bonds, Series of 1910" and shall be
signed by the governor. countersigned
by the state treasurer. and attested by
the great seal of the state to each bond.
Said bonds shall be numbered and
registered In book kept for that pur-
treasurer, in the order in which they
are issued. Each bond shall be payable
to the bearer. and shall state upon Its
lhSc the dIuouut LOT WHICH IL IL lbhuou,
the date of its issuance. and the title of
this act. together with the section and
article of the constitution authorizing
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 I. Whenever the bonds pro-
N Ia QNf tea sla Aa
the duty of the state board of equaliza-
tion to levy. and assess special tax on
all taxable property in this state suffi-
cient in amount to meet the semi an
nuel interest accruinS on said bonds,
which tax when collected shall be paid
Into the state treasury to the credit of
ss Funding Bonds. Series OF 1916"
and for the ultimate redemption of said
bonds there shall be levied annually
the date Of their ISSUANCE. such . tax tax
upon all the taxable property in the
state as shall create an annual fund
%s, " Of wS sSs aSa %hole per OF e;4 n.
bonds Issued. which fund shall be
sailed sailed FUNDING IS Bonds. Series Of 1910.
the. redemption OF said bonds shall be
levied and collected a. other state
taxes, and shall be paid into the state
thereof shall be kept by the state treas
urer as a distinct fund under the prop
er heads. to be issued in payment Of
of said bonds. or FOR their purchase as
hereinafter provided. and FOR no other
pSnrpose whatever; Provided. that
eress oi ..a % sPst snd a,,se s9 the the
full payment OF the interest maturing
In any year. the state treasurer shall
to the credit OF the "FundinE Bonds.
Series of 1910, Sinking Fund.-
Az moneys Belonging to said shaking
treasurer in any of the bonds issued
under this act. but not otherwise.
Section !. The treasurer shall include
IN his biennial report a statement Of
this act. the amount paid. and also the
amount. u any. carried to the sinking
fund. ana how invested. when any OF
deemed under this act. II shall Ss the
the same. 80 that they can be plainly
cancellation to be made in the registry
books of both the state trsasurer and
the state auditor, and they shall also
office; and any such purchases sad
cancellations shall also be made 70 ap-
pear in the bisnniel statement Of tie
; Section !. For the payment Of ecu
pons representing the first years In
tsrest accrued on the bonds to be Is
is s.s.Ss % sutseri..s @ ria a." ana s d,.ses.S :s'se 70
apply any monsys at that time In his
hands bslon gin6 to the general revs-
nue. fund. or the funds secruing from
interest on bank deposits; and 80 much
money A. may be necessary therefor 10
hereby appropriate out OF such funds
fer the payment of said interest.
Section 10. The governoF and after
asy general are hereby AUTHORISED 10
prescrtbA the form Of the bonds ald
coupons to be issued undsr this act.
ana ali such bonds 90 scquirsd for and
retained in the school fund. shall have
the words Not Trensfsrabls" plainly
Approved. April isrd, 1905.
In testimony whereof. have here
unto set my hand and affixed the great
seal Of the state Of Colorado. at the
City of Denver, this aeth AaY Of 0>p-
tsmbsr. A. d. 1910.
tssaD JAMES =. P1ARcA
Secretary of State.