The daily sentinel., 1910-11-04

and I'll: tn: sane with the secresafy Of
STAT: 6f,sss. Il .as 1a' fot III. 1.Fm lalssu e,s
charge Of the dulles required by this
act. Said board is hereby authorized
and empowered to subpoena witnesses.
send for persons and papers, administer
ssry to he speedy and proper dis
charge of it's 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 fairy
and equitably be paid upon each of
said warrants. and is an honest obliga-
tion of the state, and shall thereupon
statement Of its findings and determin-
alton with the auditor of the state. and
the decision of a majority of said board
with respect thereto shall be fina,
Section 5. After said board has filed
its report with the auditor OF state. the
governor, the treasurer and the sscre-
tary Of state are hereby authorized to
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 G2.115.0oo.Oo)
and to exchange said bonds. or so
many thereof as may be necessary. at
par and accrued Interest, for said war
rants of the State of Colorado. issued
In and for the years 1857. 1sss. 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 tnt
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
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
flee OF the state treasurer of the state
of Colorado. and shall bear interest at
the rate of three per cent. per annum.
DaNahla Sernf-annuallV the 0ffiga of
the state treasurer In the CITY of Dem
YER. Colorado, or in the City of New
consecutiveiy. beginning at number
one, and shall be registered in the Of
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
legal issue.
this act shall be known as Funding
Bonds Series OF 1910" and shall be
signed by the governor. counterstgned
by the state treasurer, and attested by
the secretary of state. who shall affix
the great zeal of the state to each bond.
Said BOMBS shgn 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
to the bearer. and shall state upon its
face the amount for which IL Is Issued.
the date of its issuance, and the title of
this act. together with the section and
the Issuance of said bonds. and the ii
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
Section I. Whenever the bonds pro-
vided In this act are Issued. 1t shall be
the duty OF the state board of equnl Liza
tion to levy and assess a special tax on
all taxable property In this state suffi-
cient In amount to meet the semi-an-
nual interest accruins 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
and for the ultimate redemption OF said
bonds there shall be levied annually
for forty years, after ten years from
upon all the taxable property in the
state as shall create an annual fund
equal to two and one-halt per cent.
bonds Issued. which fund shall be
Sinking Fund"
All taxes for interest upon and for
the redemption OF said bonds shall be
taxes. and shall be paid Into the state
thereof shall be kept by the state treas
urer as distinct fund under the prop
er heads. to be issued in payment of
the interest on and for the rede m ption
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
cause such surplus to be transferred
to the credit of the Funding Bonds
Series OF 1910. Sinking Fund"
AZ money. belonging TO said sinking
treasurer in any OF the bonds issued
under this act. but not otherwise.
section =. 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
and how SaarsS to wh:. IN: n
the said bonds are purchased or re-
deemed under this act. 1t shall be the
the the same. an 80 that h they can be 20 piainiy dsheS
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
pear In the biennial statement of the
state treasurer.
Section .: For the payment of eeu-
terest accrued on the bonds to be Is
sued under this act the state treasurer
!. hereby authorissa and directed to
hands belonging to the general reve-
nue. fund. or the funds acsruing from
interest on bank deposits; and SO much
money as may be necessary therefor 10
for the payment OF said Interest
section 10. The governor and attor-
ney general are hsrsby authorised to
prescribe the form, Of the bonds and
coupons to be Issued under this aot
subject to the provisions of this act !;
retained In the school fund, shaN 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.
tSeaD JAMES D. PEARCE.
Secretary of State.