The Springfield herald., 1910-10-14

governor. the treasurer and the secre-
tary of state are hereby authorised to
issue the bonds of the State of Colo
tion 80 amended In sum not exceed
ing two million. one hundred and III
teen Thousand dollars, ts.1I5.ooo.ool
many thereof as may be nece ssary. at
par and accrued interest. for said war
m ana pf for t state ys. 9s ss sss
1892, 500. 1884 and 1897. Mt 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 the
state treasury any difference less than
100000 each. necessary to pay for the
bonds SO delivered to them respectively.
Said bonds shall be dated December
fifty years. with the option OF redemp-
ton at par and accrued interest In the
order of their number at any time art
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 5 annum N;
s Colorado. or Il the he's city Of New
co 1 ' besinn mini at number
one. and shall be registered in the of
flee of the auditor of state. and his
tested by the seal of his office affixed
to each bond. shall be evidence of their
Section s. The bonds issued under
this act shall be known as Funding
Bonds. Series of 1910" and shall be
BY the state treasurer; and attested by
the great seal Of the state to each bond:
registered In a book kept for that pur-
pose by the state auditor and state
treasurer; In the order In which they
n aLh ks.Ft tn hxa TVnN n In n
to the bearer. and shall state upon Its
face the amount for which 1t is Issued.
this act. together with the section, and
article of the constitution authorizing
the issuance OF said bonds. and the u,
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.
vided in this act are Issued. il shall be
the duty of the state board of equaliza-
tion to levy and assess a special tax on
all taxable property in this state suffi-
Client In amount to meet the semi-an-
nual interest accruing on said bonds.
which tax when collected shall be paid
the Interest fund of said bonds. known
as Funding Bonds. Series OF 1906"
and for the ultimate. redemption of said
bonds there shall be levied annually
for forty years after ten years from
the date of their issuance such n tax
upon al the taxable property in; the
equal to two and one-hnlf per cent
s2h%) Of the whole amount OF the
called Funding Bonds. Series OF 1910
Sinking Fund"
All taxes for Interest upon and for
the redemption of said bonds shall be
levied and collected as other state
taxes. and shall be paid Into the state
thprpnf ha q Inv g. a n In rpn -
urer as distinct fund under the prop
err heads. to be issued In payment OF
OF said bonds. or for their purchase an
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"
fund may be Invested by the state
treasurer In any of the bonds issued
under this act. but not otherwise.
In his biennial report statement of
the interest collected In pursuance of
this act. the amount paid. and also. the
amount. II any. carried to the sinking
fund. and how invested. When any OF
the said bonds are purchased or re-
deemed under this act. 1t 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
the state auditor. and they shall also
be kept on file In the state treasurers
office; and any such purchases and
cancellations shall also be made to APP
pear In the biennial statement Of the
state treasurer.
Section 0. For the payment of cou-
pons representing the first years in
terest accrued on the bonds to be is
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 1ccruinS 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
the words Not Transferable" plainly
stamped across the face of said bonds
Approved. April 23rd. 1903
In testimony whereof. l have here
unto set my hand and affixed the great
seal of the State of Colorado. at the
City of Denver this goth day OF Sep
TENDER, A. ID. 1910.
(SeaD JAMES d. PEARCE.
Secretary of State.