The new era., 1910-10-13

and file the same with the secretary OF
state. In the usual form required OF
s charge 0'fhs q the duties H sns I'll:
act: Said board is hereby authorized
and empowered to subpoena Witnesses.
send for persons and papers. administer
oaths, and perform other acts neces-
sary to the speedy and proper dis
charge of its duties. The treasurer
Said board shall consider and deter
mine the amount which should iairiy
said warrants. and Is an honest obliga-
tion of the state, and shall thereupon
make and file a full and complete
alton with the. auditor Of the state. and
the decision OF a majority of said board
with respect thereto shall be final:
Its report with the auditor of state. the
governor, the treasurer and the secre-
tary of state are hereby authorized TO
rado in accordance with the Constitu-
tion SO amended in sum not exoeea-
ing two million. one hundred and M
and to exchange said bonds. or SO
many thereof as may be necessary, at
par and accrued interest. for said war,
in and for the years 1887, 1888. 1889,
1892, 1898, 1894 and 1897. at par ana
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
100000 each, necessary to pay Tor the
bonds so delivered to them respectively.
Said bonds shall be dated December
1st, 1910, shall be due and payaple IN
fifty years. with the option of redemp-
tion at par and accrued interest In the
order of their number at any time art
er ten years from their date, at the Of
loo e 40 Gt1t6 frnn
of Colorado, and shall bear interest at
the rate of three per cent. per annum:
payable semiannually at the office OF
the state treasurer in the City Of Den Ben.
York. Said bonds shall be numbered
conseeutiysiy beginning at 1pm6er fpn Der
flee of the auditor of state, and his
certificate of such registration. al,
tested by the seal of his office affixed
to each bond, shall be evidence of their
Section 6. The bonds Issued under
this act shall be known d." as as "Fundips hn,f hs
signed by the governor. countersigned
by the state treasurer. and attested by
the secretary Of state who shall sd1d affi1
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
to the bearer. and shall state upon Its
fac face the amount for which It Is ;.7 issued;
this act, together with the section and
article of the constitution authorizing
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
standing warrants of the state herein
above mentioned.
Section Z: Whenever the bonds pro-
in rt a
the duty of the state board of equaliza-
tion 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
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 a tax
upon all the taxable property in the
saua iha two snd ps4 dsn
bonds issued. which fund shall be
called Funding Bonds. Series of 1910.
Sinking Fund.-
All taxes for interest upon and for
the redemption Of said bonds % shall be
and and be naa se
treasury in cash only. The proceeds
thereof shall be kept by the state treas
uTeF as u ulSllncl IunO unQer lne prop.
er heads. to be issued in payment of
the interest on and for the redemption
of said bonds. or for their purchase as
that
eredit Of said M interest % fand, attep e the the
IN gear fe G tse sae
to to tn the @ credit Of the 'Funding Bonds.
selfs All 90 nsd sinking
fund may be invested by. the state
treasurer E In any Of the bonds issued
thi' but nos
in his biennial report q statement of
the interest collected in pursuance of
fund. and how invested. When any OF
the said bonds are purchased or re-
ID Under Ind this as it shall be shs
the same. SO that they can be plainly
identified, and cause the record Of suoh
SooSs of Both the STATE .a
the state auditor. and they shall also
be kept on file in the state treasurer.
cancellations @ a. shall p also Be- made to .p-
pear in the biennial statement Of the
state treasurer.
pons % as. frst yes4. Of 0In n
terest accrued on the bonds to be Is
sued under this act. the state treasurer
apply al Gs any moneys Nt at that that time s't 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
stamped across the face of said bonds.
Approved. April 23rd, 1909.
In testimony whereof, I 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.
(SeaD JAMES B. PEARCE.
Secretary of State.