The Springfield herald. (Springfield, Baca County, Colo.) 1887-1919, 1910-10-28

its report with the auditor of state. the
governor, the treasurer and the secre-
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 02.1lb,OOO.OO)
and to exchange said bonds. or SO
par and Ha accrued interest," FOR SAID War.
rants of the State of Colorado, Issued
In and for the years 1887, 1883. 1883;
the interest accrued thereon, upon sur
repder 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
10000 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-
order of their number at any time AFT
err ten years from their date, at the Of
aiee oil ras s' and .ha bear at
the rate of three per cent. per annum.
payable semi-annually at the office of
Yer. Colorado. or in the City of New
York. Said bonds shall be numbered
eonsecutiyely,, beginning at number
one. and shall 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
legal Issue.
Section s. The bonds issued under
this act shall be known as Funding
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 ark
the great seal OF the state to each bond:
said bonds shall be numbered and
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
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
bonds Only such amount and number
of said bonds. shall be issued may
be necessary to take up or pay the out
standing warrants of the state herein
above mentioned.
Section Z; Whenever the bonds pro
the duty of the state board Of equaiiza-
ton to levy and assess special tax on
all taxable property In this state suffi-
nual interest accruing 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"
and for the ultimate redemption of said
bonds there shall be levied annually
the date OF their issuance. such tax
upon all the taxable property in the
equal to two and one-nalf per cent.
t2hS0 of the whole amount of the
bonds issued. which fund shall be
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 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
credit OF said interest rest fund. after the 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"
, Al moneys belonging to said sinking
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
fund, and how invested When any OF
the said bonds are purchased or re-
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
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 9. 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. 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
TENDER, a. d. 1910.
(SeaD JAMES Il. PEARCE.