The Elbert County tribune., 1910-10-14

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
act. Said board is 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 fairly
said warrants, and is an honest obliga-
tion OF the state. and shall thereupon
make and file fun and complete
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 filef
its report with the auditor of state. the
governor. the treasurer and the secre-
issue the bonds of the State OF Colo
rado In accordance with the Constitu-
tion SO amended in a sum not exceed
ing two million. one hundred and fif-
teen thousand dollars (s2.1l5.oo0.oo)
and to exchange said bonds, or SO
par and accrued interest. for said war
rants OF the State of Colorado. issued
in anG for the years 1887. 1888. 1889,
1892, 1898, 1894 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
$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
er ten years from their date. at the Of
of Colorado. and shall bear interest at
the rate of three per cent. per annum.
payable semi-annuaily at the office of
yer, Colorado, or in the city of New
York. Said bonds shall be numbered
o0e and yss be- in aSe OFF
flee of the auditor of state. and his
certificate at Of SUI. such resistration strait at
to each bond, shall be evidence of their
legal issue:
this act shall be known as Funding
Bonds, Series of 1910" and shall be
signed by the governor. countersigned
the secretary OF state. who shall affix
the great seal of the state to each bond.
Said bonds shall be numbered and
registered in a book kept for that pur-
pose by the state auditor and state
treasurer, in the order in which they
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
article of the constitution authorizing
the Issuance of said bonds, and the IL
tie and text of this act shall be printed
bonds. Only such amount and number
of said bonds, shall be issued as may
be necessary to take up or pay the out
above mentioned
Section Z. Whenever the bonds pro-
vided In this act are issued, 1t shall be
the duty of the state board of equaiiza-
tion to levy and assess a special tax on
all taxable property in this state suffi-
IN n nftla rtNt 60. LA
nual interest accruing on said bonds,
which tax when collected shall be paid
the interest fund of said bonds. known
as Funding Bonds. Series of 1870"
and for the ultimate redemption of said
bonds there shall be levied annually
the date of their issuance, such a tax
upon all the taxable property in the
equal to two and one-half per cent.
S2h%) of the whole amount of the
called Funding Bonds. Series of 1910.
:, All taxes for interest upon and for
the redemption Of said bonds shall be
levied and collected as other state
taxes. and shall be paid into the state
treasury In cash only. The proceeds
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
purpose Whatever; Provided. that
credit OF said interest fund. after 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:
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
amount, If any, carried to the sinking
fund. and how invested. When any OF
the said bonds are purchased or re-
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
be kept on file In the state treasurers
cancellations shall also be made to ap-
pear in the biennial statement of the
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 accruing from
interest on bank deposits: and so much
money as may be necessary therefor is
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. / 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.
CONSTITUTIONAL AMENDMENT.
Notice is hereby given. that at the Cen