The Elbert County tribune., 1910-10-28

state affieers, for the faithful ais
act. Said board is hereby authorized
and empowered to subpoena -ttn5s5es.
send for persons and papers. administer
Charge of its duties. Tn. treasurer
clerical help required by the board.
Said board shall consider and deter
mine the amount which should fairly
tion of ths state. ana shall thereupon
saatemens s ene Of s Il. findings and np depermsn %
alton with the auditor of the state, and
1hs q Of ssid
Section s. After said board has filed
its report with the auditor OF state. the
tary OF state are hereby authorised to
issue the bonds of the State of Colo
RADIO in accordance with the Constitu-
tion SO amended In sum not exceed-
ing two million. one hundred and fif-
teen thousand dollars (s2.115.ooo.oo)
many thereof as may be necessary. at
par and accrued interest, for said war
rants Of "a the State Of GoI9radssse sse issyed ,sss
1899, 1893. 1894 and 1897. at par and
the interest accrued thereon. upon sur
rants for cancellation. The holders of
any said warrants may pay Into the
state STAT od treasury any differenes les than
bonds SO delivered to them respectively.
Said bonds shall be dated December
fifty years. with the option OF redsmp
tion at par and accrued Interest In the
order OF their number at any time aft
flee of the state treasurer of the State
of Colorado. and shall bear interast at
payable semi-annually at tho office of
the state treasurer In the City of Den
Yer. coiorado or in the CITY OF New New
one. and shaii be registered in the Of
certificate of such registration. at
tested by the seal of his office affixed
to each bond. shall be evidence of their
Section {. tn. bonds issued under
this act shall be known as Funding
signed by the governor. countersigned
ny the state treasurer. and attested by
the the secretary OF state. who shall s sfriS
Said bonds shall be numbered and
registered in a 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
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 IL
tie and text of this act shall be printed
on the reverse side OF each of said
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-
vided in tLis act are issued. 1t shall be
the duty of the state board of equaliza-
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 accruing on said bonds.
which tex when collected shall be paid
into the state treasury to the credit of
nf ant hFr ~. L.
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 the taxable property in the
equal to two and one-half per cent.
(2A%) of the whole amount of the
Sinking Fund"
All taxes for interest upon and for
levied and collected as other state
taxes, and shall be paid into the state
treasury in cash only. The proceeds
urer as distinct fund under the prop
er heads to be issued in payment OF
the interest on and for the redemption
Of said bonds. or for their purchase as
hereinafter provided. and for no other
snY PF9vdes that
credit OF said interest fund, after the
full payment Of the interest maturing
cause such surplus to be transferred
to the credit OF the Funding Bonds
Series Of 1910, Sinking. Fund;
fund may be invested by the state
treasurer In any of the bonds issued
under this act, but not otherwise
Section s. The treasurer shall include
in his biennial report a statement of
the interest collected In pursuance of
this act. the amount paid. and also the
amount. IL any. carried to the sinking
FUND. and now Invested. When any OF
deemed under this act, It shall be the
duty of the state treasurer to cancel
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 the state treasurer and
the state auditor, and they shall also
office; ard any such purchases and
cancellations shall also be made to ap-
state treasurer.
Section 8. For the payment Of cou-
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 accrulng from
interest on bank deposits: and so much
money as may be necessary therefor is
hereby appropriated out OF such funds
for the payment of said interest.
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
stamped across the face of said bonds
Approved, April 23rd. 1909.
In testimony whereof. l have here
unto set my hand and affixed the great
seal of the State of Colorado. at the
city of Denver, this 29th day of Sep
tember. A. d. 1910.
(SeaD JAMES b. PEARCE,
Secretary of State.