The daily sentinel., 1910-10-20

state, IN the usual form required OF
state officers. for the faithful DIS
act Said board is hereby authorized
and empowered to subpoena witnesses.
send for persons and papers, administer
oaths and perform other acts neces-
charge of its 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 fairly
and equitably be paid upon each Of
said warrants and is an honest obliga-
make and file a full and COMP ste
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 final
Section 5. After said board has nlec
its report with the auditor of state. the
governor. the treasurer and The sscry-
tary OF state are hereby authorized to
Issue the bonds of the State of Colo
tion so amended In a sum not exceed
ing two million, one hundred and fif-
teen thousand dollars (S2.ll 100000
and to exchange said bonds or so
many thereof may be necessary, at
par and ACCRUED interest, for said war
rants OF the State of Colorado issued
in and for the years 1887, 1883, 1889;
1882, 1888, 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 or
state treasury any difference less than
10000 each, necessary to pay for the
bonds so delivered to them respectively
said bonds shall be dated December
lst, 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 nt
the rate of three per cent. per annum,
payable semi l-annually at the office OF
the state treasurer in the city of Den
yer, Colorado, or in tho City Of New
York Said bonds shall be numbered
consecutively, 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.
Section 6 The bonds issued under
this act shall be known Funding
Bonds, Series of 1910" and shall be
signed by the governor. couutersigned
by the state treasurer, and attested by
the secretary of state, who shall RffiN
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
the issuance of said bonds. and the til
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 Z. Whenever the bonds pro-
yided in this act are issued, IL shall be
the duty of the state board Of equaliza-
ion to levy and assess a special tax on
all taxable property in this state suffi-
cisnt in amount to meet the semi-an-
nusl 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
as Funding Bonds, Series OF 1870"
and for the ultimate redemption OF said
bonds there shall be levied annually
Tor 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
e9ua! TO Two and one-half per cent.
S2nS) Of the whole amount of the
called Funding Bonds. Series OF 1910.
sinking Fund"
All taxes for interest upon and for
levied and collected as other state
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 redemption
hereinafter provided. and for no other
purpose whatever Provided. ;hat
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
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 ). 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
fSnd tS and how invested. When any or
the said bonds are purchased or re-
deemed under this act, II 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
books OF both the state treasurer and
be kept on file in the state treasursr's
office and any such purchases and
cancellations shall also be made to au-
pear In the biennial statement of the
Section .. Fer the payment of eou-
pons representing the first years in
sued under this act, the state ire q surer
is hereby authorized and directed to
apply any moneys at that time in his
nue. fund, or the FUNDS accruinx from
interest on bank deposits; and so much
money as may be necessary therefor IL
for the payment OF said Interest
section 10. The governor and after
nsy general are hereby authorized to
prescrib, the form of the bonds and
coupons to be issued under this act,
subject to the provisions of this act; I;
and all such bonds so acquired for and
tho words Not Transferable" plainly
stamped across the face OF said bonds
Approved, April 33rd 1903
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 2sth day of Sep
tember. A. D. 1910.
tSeaD JAMES B. PBARCE,
Secretary of State