Gunnison news-champion., 1910-11-04

. fi.e TIE aazs@ p4tE ta< sssrstsxy e
= tAe ..ssl ss-M r-sa.r-s sf
s 3. sSs s@s..s - s's sss.,issa i.ss' !, a.. l
as4a b0ars - haFeag satAerszss
slltsia gerad 10 saarslens Nitnass~o
~ gassols aae ps.sers. sam.I..sssr sr
o ne zDeeiy saa sresar a-s-
ea4-sa q - dasias. The tfs2S1.Esr
p a-'iiier snsli tsasnish he neeess~rs
Ga hsip reaatrad - ne board
I'd sosra shah couslsisr @nd asssr-
ths anloaaEat shiCa shnlle fsIly
equitas.y ss sala agon each %
g ths s1s.e. snd shsa thsrssssn
$ .sasai q - sia.ssasls ans sateralla.
= aealaiun 90 q mA3orsty q sad board
5esfgci thereto shAli be fisoa
ae1tioH 5. sfter said board has sissd
soft " i1h the aati4tos % $40 shs
amor. the treasurer and The sscre-
= ui state are hereby sashortssd 10
> as bonds % the siase % Cole
IN sooordancs wish the coa1ae1-
D. SO amended In 9 sam not sasse4-
b tNu million. ono hundred end fu-
lheassnd dOll&rs esz.iis.eses se5
n.zuy thereof as may be asdessary. .;
p and accrued Interest. Cor sA.d war-
fanls - the state % celsrsdo iss.sd
is1a isss. 1894 ana 1897. 81 par and
" interest accrued thereon, upon sur
y DER % an equal smosnt of sald war
said warrants may pay ibto the
saie treasury any difference lsqD thon
: lhps each, necessary 30 pay fes the
sa sesa. sss u =. nan s.,ss Rss.r
T., 1910. shaI be due ana pAyskso "
~ y yesrs. 9th the option Of rsAoaD-
tign at par and acoruse interest V tAs
erdsr Of their number at any tiuss eft
ien yesrs from their aate. st the Of
fi-e of the state treasurer sf the otAte
q Colorado. ana shAH bear Interest st
- -
able semi annually 81 the office sf
ths state treasurer In the City - Don
ver, Colorado. or In the Ciiy 81 New
eonsscutively, ssGinninG - nsDber
sns and shall be regssters1 v the Of
fos of the auditor of state. sn1 his
ssstsd ~ the @ .ssi I' Of S rs osfes srs.sse
e each bond. shAh be evissnos 81 their
- issos
ms act shan b hnowa g "punsins
elgned by the governor, coantersisned
'ss ...ss ',se:s.s. s1s :sss.':s ,t ~
she great seal Of the state to each bond
SID bonds shall be nemberse end
rec ssss -'sT't sT ~. !. : ssss asR, 70. sest Ss,
treasurer. In the erAer In which they
are Issued. Each bond shaIl De pavasie
e ne bearer. and shall state sIsa tts
faee The amount for which Il b issuo1,
ths date Of lie Issuance. end the tttie 81
this act, together With the sssfiea esd
srtloie Of the constitution authorising
the ISSUANCE of soid bonds. and the tt
tie and text Of thie act shall be printed
on The reverse eide OF each OF said
bonds only such amount and number
q said bonds. shall be issued as may
BE- Necessary to tshs up or yay the out
standing warrants Of the state hsrsin-
above mentioned.
vided In this act are issued. u shall be
the duty Of the state board of equsliza-
ton 20 levy and assess a special tax on
81 taxable propsrty In this state suffi-
nual Interest accruing on said bonds,
which tax when collected shall be paid
the Interest fund Of said bonds, known
ss Funding Bonds. Series Of 1870"
and Tor the ultimate redemption of said
bonds there shall be levied annually
Tor forty years. after ten years from
the date Of their Issuance. such o tax
upon all the taxable property In the
stale as shall create an annual fund
equal to two and one-half per cent.
81 ~ Of the whole anount OF the
bonds issued. which fund shall be
ca ed "Funding Bonds. seriss Of 1910.
All taxes Tor interest upon and for
the redemption Of said bonds shall be
levied and collected as other state
taNes. and shall be paid into the state
treasury In cash only. The proceeds
thereof shall be kept by the state treas
ursr as distinct fund under the prop
the Interest on and for the redemption
OF said bonds, OF for thor purchase as
hereinaftsr provided. and for no other
shy sxrpu. to tsss hat
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
Al moneys belonging TO said sinking
tuna may be invested by the state
treasurer In any of the bonds issued
under this act. but not otherwise.
section .. The treasurer shall Include
- HE biennial report statement of
the interest collected In pursuance OF
thho act, the amount paid, and also the
amount. II any, carried to the sinking
fund. and how invested. wher any OF
lhe SAID bonds are purchased or re-
deemed under this act, u shall be the
duty OF the state treasurer To cancel
the same, 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
office, ana any such purchases and
canoe llstiOns shall also be made TO ap-
pear In the biennial statement of the
Section 8. For the payment OF eou-
pons representing the first years In
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 accrulng from
interest on bank deposits, and so much
money as may be necessary therefor is
hereby appropriated out Of such funds
Tor the payment of said interest
Section 10 The governor and attor-
ney general are hereby authorized 10
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 Tor 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 2eth day Of Sep
tember. A. ID. 1910.
SeaD JAMES p. PEARCE.
SecretarN of Siate