Gilpin observer., 1910-10-20
Ioaks and subscribe an oath OF office
land file the same with the aocretary Of

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 is hereby authorized
and empowered to subpoena witnesses.
oaths. and perform other acts neces-
sary to the speedy and proper dis
clerical help required by. the board:
Said board shall consider and deter
% and ne eauiaaby % be f paid snon snon'e each S of
said warrants. and is an honest obliga-
tion of the state, and shall thereupon
n Of ae It's fndnss ana a%p
alton with the auditor OF the state. and
the decision of a majority of said board
Section s. After said board has filed
It's report with the auditor of state. the
governor, the treasurer and the seere,
issue the bonds OF the State of Colo
rado In accordance with the Constitu-
tion SO amended in sum not exceed
@ and to aKchanse os saia Sonds. or 50
par and accrued interest. for said war.
rants of the State of Colorado. issued
In and 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
rants for cancellation. The holders Of
any said warrants may pay Into the
state treasury any difference less than
$4,000 each; necessary to pay for the
Said bonds shall be dated December
1st. 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
~ fice or the state treasurer treas, OF the state
the ra.e 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
consecutively, beginning at number
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 8. The bonds issued under
Bonds, Series OF 1910" and shall be
signed by the governor, countersigned
by the state treasurer. and attested by
the secretary Of state. who shall .affiy
the great seal OF the state to each bond.
Said bonds shall be numbered and
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
face the amount for which it 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 IT,
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 Z. Whenever the bonds pro-
vided in this 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-
cicnt In .a7aat to meet the semi-an-
&C hn ha
which tax when collected shall be paid
into the state treasury to the credit of
as Funding Bonds. Series of l9lo;"
and for the ultimate redemption of said
bonds there shall be levied annually
for forty years: after ten years from
the date of their issuance such tax
upon all the taxable property in the
state as shall create an annual fund
(2eT) of the whole amount OF the
bonds issued: which fund shall be
sailed Funding Bonds. Series of 1910.
All taxes for interest upon and for
the. redemption Of said bonds shall be
taxes. and shall be paid into the state
treasury in cash only. The proceeds
thereof shall be kept by the state treas
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
whenever any surplus remains to the
full payment Of the interest maturing
In any year. the state treasurer shall
cause Sc. such Usia,; surplus to be transferred
Series OF 1910, sinking Fund?
All moneys belonging to said sinking
treasurer in any OF the bonds issued
under this act. but not otherwise
Section 5. 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. and how invested. When any of
the said bonds are purchased or re-
deemed under this act. 1t shall be the
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 sucn purchases and
pear in the biennial statement of the
state treasurer.
pons representing the first years In
terSst accrued on the bonds to be is
sued under this act, the state treasurer
apply any moneys at that time In his
hands belonging to the general reve-
nue. fund, o: the funds accruing from
money as may be necessary therefor is
hereby appropriated out of such funds
Ior tne 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
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 tho
City of Denver. this 29th day of Sep
tember. A. d. 1910.
(SeaD JAMES b. PEARCE,
Secretary OF State.