The daily sentinel. [volume] (Grand Junction, Colo.) 1893-current, 1910-10-25

STATE. IN the USUAL FORM required OF
state Officers. for the faithful dis
charge of the duties required by this
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
and auditor shall furnish the necessary
clerical help required by the board.
Said board shall consider and deter
mine the amount which should fairly
said warrants. and is an honest oblisa-
ton of the state, and shall thereupon
make and file full and complete
statement of Its findings ano determin-
the decision OF a majority of said board
with respect thereto shall be final.
Section 8. After said board has filed
its report with the auditor of state the
governor. the treasurer and the sacrs-
tary of state are hereby authorized to
issue the bonds of the State of Colo
ton SO amended In a sum not exceed
ing two million. one hundred and fiji
teen thousand dollars (s,,ll5.ooo.o0)
and to exchange said bonds, or so
par and accrued interest. for said war
rants OF the State of Colorado. issued
In and for the years 1887. isss, 1889;
the interest accrued thereon. upon sur
render OF an equal amount Of said war
rants for cancellation. The holders OF
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
LIST, 1910. shall be due and payable In
fifty years. with the option of redemp-
tlon 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.
d la. Il H.. -
the state treasurer In the City of Dem
yer. Colorado, or in the City of New
York. Said bonds shall be numbered
consecutively. beginning at number
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
Section 8. The bonds issued under
this act shall be known as Funding
signed by the governor. countersigned
by the state treasurer. and attested by
the secretary OF state. who shall affiN
the great seal of the state to each bond.
Said bonds shall be numbered and
registered In book kept for that pur-
pose by the state auditor and state
are Issued Each bond shall be payable
to the bearer, and shall state upon its
face the amount for which 1t 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 IT,
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
above mentioned.
Section I. Whenever the bonds pro-
vided In this act are issued. It shall be
the duty of the state board of eaualiza-
n fnx IN
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
as Funding Bonds. Series of 1870
bonds there shall be levied annually
for forty years. after ten ysars from
the date of their issuance. ouch a tax
upon all the taxable property In The
equal to two and one-half per cent.
t2h%) of the whole amount of the
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
taxes. and shall be paid into the state
treasury In cash only. The proceeds
thereof shall be kept by the state treas
urer as distinct fund under the prop
er heads, to be issued in payment of
tho interest on and for the redemption
or said bonds, or Tor their purchase as
purpose whatever; Provided. that
whenever any surplus remains to the
credit OF said Interest fund. after the
full payment of the interest maturing
In any year. the state treasurer shall
cause su surplus to be transferred
to the credit of the Funding Bonds
Series OF 1910, sinking Fund.-
All moneys belonging to said sinkin &
fund may be Invested by the state
treasurer In any OF the bonds issued
under this act. hut not otherwise.
section J. 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
;InS ~ Il s any carried to the sinking
the said bonds are purchased or re-
deemed under this act. Il shall be the
duty OF the state treasurer to cancel
identified. and cause the record Of suok
cancellation to be made In the rsgist ~
books of both the state treasurer and
be kept on file in the state treasureTs
office; and any such purchases and
consultations shall also be made to a.
pear in the Biennial statement 81 tbs
pons representing the first y.sr's H.
sueG under this act. the state treasures
il hereby authorized and directed e
apply any moneys at that time In his
nue. fund. or the funds accruing frsu
interest on bank deposits: and so much
money As may be necessary therefor Il
hereby appropriate out Of such fund.-
fer the payment Of said interest.
Section 10. The governor and attor-
Aey general are hereby authorised to
prescribe the form Of tAs bonds and
coupons to Be issued under this act
subject to the provisions Of this act
ana all such bends so acquired for ant
the words Not Transferable plaialI
stamped across the face of said bsnAs.
Approved. April 2Srd. 1898.
In testimony whereof. I hays here.
unto set my hand and affixed the Hreat
seal of the State of Colorado, at ths
city of Denver. this 18th cay Of Sep.
TENDER. A. D. 1910.
(ssAD JAMES b. PlARcH.
Secretary of State.