The daily sentinel., 1910-11-01

and file the same with the secretary of
state. In the usual form required OF
state officers. for the faithful dis
charge Of the duties required by this
act; Said board IL hereby authorized
and empowered to subpoena witnesses.
send for persons and papers, administer
oaths. and perform other acts neces-
sary to the speedy and proper dis
charge of Its duties. The treasurer
and auditor shall furnish the necessary
clerical help required by the board.
Said board shall consider and deter
mine the amount which should fairy
and equitably be paid upon each of
said warrants. and Is an honest obliga-
tion of the state. and shall thereupon
make and fiie a fun and compiste
alton with the auditor OF the state. and
the decision of a majority of said board
with respect thereto shall be fina..
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
rado in accordance with the Constitu-
tion so amended in a sum not exceed
Ing two million. one hundred and fif-
and to exchange said bonds. or so
many thereof as may be necessary, at
par and accrued Interest. for said war
In and for the years 1887. 1sss. 1858,
1892, 1893. 1884 and 1897, at par and
the interest accrued thereon. upon sur
render of an equal amount of said war
any said warrants may pay into the
state treasury any difference less than
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
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
the state treasurer In the City of Den
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
Section s. The bonds Issued under
this act shall be known as Funding
Bonds, Series of 1870" and shall be
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.
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 II is Issued,
the date of Its issuance. and the title of
TINS hCt, tOkttnoT win tno section ana
article Of the constitution authorizing
the Issuance of said bonds. and the IT,
tie and text of this act shall be printed
Snnsa s ss oniv srch sbo omn, o, eaoa h & Oh sadd
of said bonds, shall be issued as may
be necessary to take up or pay the out
standing warrants Of the state herein
Section Z. Whenever the bonds pro-
vided In this act are Issued. 1t shall be
the duty of the state board of equaliza
n nd nj
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
the interest fund of said bonds. known
as Funding Bonds. Series of 1910:"
bonds there shall be levied annually
for forty years, after ten years from
the date Of their Issuance. Such = tax
state as shall create an annual fund
equal to two and one-half per cent.
Szh% of the whole amount of the
Sinking Fund"
All taxes for interest upon and for
isvisd ana eoii.ct.S a. " Other ra .tats
taxes. and shall be paid into the state
treasury In cash emily. The proceeds
ursr as a distinct fund under the prop
er heads. to be issued in payment of
the interest on and for the redemption
hereinafter provided, and for no other
purpose whatever; Provided, that
whensver any surplus remains to the
full payment OF the interest maturing
In any year. the. state treasurer shall
cause such surplus to be transferred
series tns Of Srsdt 0s shs Bonds
All moneys belonging to said sinking
fund may be invested by the state
treasurer nnaa1 ,h, In any OF the bond: issued
Section .. 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. II any. carried to the sinking
fund, ana how invested. When any OF
dssm.a tns sad bond; ,s; Ar. pu,ehaseH or re-
duty Of the state treasurer to cancel
the same, 20 that they can be plainly
Identified. and cause the record Of suoh
cancellation to be made in the registry
books of both the state treasurer and
the state auditor. and they shall also
be kept on file In the state treasursr's
cancellations shall also be made to ap-
pear In the biennial abatement OF the
state treasurer.
pons representing the first years In
terest accrued on the bonds to be ia
susS under this act. the state treasurer
apply any moneys At that time in his
hands belonging to the general reve-
nue. fund. or the funds acsruing from
interest on bank deposits; and SO much
money as may be necessary therefor 10
hereby appropriated out OF such funds
for the payment Of said interest.
Section 10 The governor and attoP-
nsy general are hsrsby authorized 10
prescribe tbs 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 TrAnsferabls" plainly
stamped across the face of said 6onds.
Approved. April 1srd. 1903.
In testimony whereof, have hsrs.
unto set my hand and affixed the great
seal Of the State of Colorado, at the
City of Denver. this 18th day of Sep
tembsr. A. d. 1910.
(SsaD JAMES 3. PEARCE,
0AcretArv of Sfafa