The daily sentinel., 1910-10-31


state officers. for the faithful dis
act. Said board is hereby authorize
and empowered to subpoena witnesses.
send for persons and papers. administer
oaths. and perform other acts neces-
ssry to the speedy and proper dis
and auditor shall furnish the necessary
clerical help required by the board.
Said board shal. consider and deter
mine the amount which should fairly
and equitably be paid upon each of
said warrants. and is an honest obliga-
tion of the state. and shall thsreupon
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 finsl.
Section .. After said board has filed
It's 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
rado in accordance with the Constitu-
Ing two mill on, ere hundred and fif-
teen Thousand dollars ts2.115, ,000.00)
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. 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 of
any said warrants may pay into the
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
LIST. 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
payable emi-annually at the office of
the state treasurer in the City of DEN
yer, Colorado, or In the 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
tested by the seal of his office affixed
to each bond. shall be evidence of their
legal issue.
Section 8. The bonds Issued under
this act shall be known as Funding
Bonds, Series of 1910" and shall be
signed by the governor. countersigned
the secretary of state. who shall affix
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
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 IL
tie and text of this act shall be printed
on the reverse side of each OF said
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. It shall be
the duty OF the state board of eauaiiza-
all taxable property In this state suffi-
Client in amount to meet the semi-an
nual interest accruins on said bonds.
which tax when collected shall bs paid
into the state treasury to the credit Of
the interest fund of said bonds. known
as Funding Bonds Series OF lsiO:"
bonds there shall be levied annually
the date Of their issuance. such a tax
state AZ shall create an annual fund
es9ual to two and ons-half per. cent.
SonaSs ..uea 81 sh' which, ThS' smSpn, ;ns ,a Q, II:
s;DleG s;nkn. "Fnndins rMsa Bonds, ssrl's Of 1910
the rsdsmp.ion q said bond. shall be
levied and collected as other state
t.xe., t.s, and shall be paid into the state
ursr as "a distinct fund under the prop
er heads. to be issued In payment of
OF said bonds. or for their purchase as
hereinafter provided. and for no other
pIrn0ss whsnsss, whstsyer slx syer Provided. that
credit Of said ntePest fsnd aftsp s9 the the
fuli payment of the interest maturing
In any year. the state treasurer shall
to the credit OF the Funding Bonds,
Series of 1910, Sinking Fund.-
AZ moneys bslonging to said sinking
under this act, but not otherwise
section J. The treasurer shall include
the interest collected In pursuanoe Of
this act. the amount paid. and also the
amount. II any. carried to the sinking
the said bonds are purchased or re-
deemed under this act. It shall be the
duty Of the state treasurer to cancel
Identified. and cause the record & suok
cancellation to be made In the registry
books Of both tie state treasurer an1
Be kept ON Tile In the state tressursr's
office; ana any such purchases and
Ssssss',S:' 10. sisnn,s ssn also ss made e
state treasurer.
ssctioa >. For the payment Of ecu
os *. x: sans s, y:sI T.
Is hereby suiheris.s and directed 70
apply any moneys At that time In his
nue. fund. or the FUNDS scsruin1 fr.1
interest on bank deposits; and 20 much
a. %eg =: o.: a:s
for the payment Of said interest
nsy general are hereby suthorissi to
prescribe the form Of the bonds and
coupons t. be issued under this act.
subject to the provisions Of this act;
and all such bonds 30 acquired for and
retained in the school fund. shaN have
the words Mot Trsnsfsrable" Dlainiy
Approved, April 33rd, 1905.
In testimony whereof. I have here
seal Of the state Of CoiornAo. "a the
City of Denver, this 1Sth day Of sSD.
tsmber. A. D. 1910
(ssa) JAMES 3. PBARcn,
Secretary of State.