The Springfield herald., 1910-10-21

I its report with the auditor of state. the
governor. the treasurer and the secre-
tary of state are hereby authorized to
RADIO in accordance with the Constitu-
tion SO amended in sum not exceed
teen thousand dollars. 9s2.i15. 100000
and to exchange said bonds. or 30
many thereof as may be necessary. at
| par and accrued interest for said war;
IN and for the years 1887, 1883, 1889;
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
$4,000 each. necessary to pay for the
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-annually at the office of
Yer. Colorado. or in the he city Cit; Of New
York. Said bonds shall be numbered
snd sss be- in eSe o
flee Of the auditor OF state. and his
certificate Of such registration. at,
to each bond. shall be evidence of their
legal issue.
o.
this act shall be known as Funding
signed by the governor. countersiened
the secretary of state. who shall affi1
the great seal Of the state to each bond;
book be ana
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 1T 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 ii.
bonds. Only such amount and number
of said bonds, shall be issued as may
standing warrants Of the state herein
above mentioned.
Section Z. Whenever the bonds pro-
xided In this act are issued. 1t shall be
the duty of the state board of equaliza-
tion to levy and assess u 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 tax when collected shall be paid
the interest fund of said bonds. known
as Funding Bonds. Series of 1870"
and hndd for the ultimate tn 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.
S2A%o of the whole amount of the
Sinking Fund"
the redemption Of said bonds shall be
levied and collected as 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
n
of said bonds. or for their purchase as
hereinafter he, provided. and for no other
credit OF said interest fund after the
i IN pa paym mem o. OF the interest maturing
cause such surplus to be transferred
to the credit of the Funding Bonds.
All moneys belonging to said sinking
fund may be Invested by, the state
tTensuT ,h,s in M any of the bonds issued
Section s. The treasurer shall include
In his biennial report a statement of
this act. the amount paid. and also the
amount. II any. carried to the sinking
fund. and how invested. When any or
the said bonds are purchased or re-
deemed under this act, 1t 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
be kept on file in the state treasurer's
office: and any such purchases and
| cancellations shall also be made to APP
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
hereby appropriated out of such funds
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. 1903
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 goth day of Sep
TENDER. A. ID. 1910.
(seal2 JAMES B. PEARCE.
Secretary of State