The Springfield herald. (Springfield, Baca County, Colo.) 1887-1919, 1910-11-04

governor. the treasurer and the secre-
tary of state are hereby authorised to
RADIO in accordance with the constitu-
ton SO amended in a sum not exceed
Ing two million. one hundred and odo f *
and to exchange said bonds. or so
many thereof as may be necessary. at
rants of the State of Colorado, issued
in and for the years 1887, 1883. 1889.
1892; 1893. 1894 and 1897 at par and
render of an equal amount OF said war.
rants for cancellation. The holders or
any said warrants may pay into the
bonds so delivered to them respectively.
LIST. 1910. shall be due and payable In
fifty years. with the option of redemp-
ton at par and accrued interest In the
order of their number at any time aft
err 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.
payable semi-annually at the office of
the state treasurer in the City of Den
York. Said bonds shall be numbered
consecutively. beginning at number
one, and shall be registered in the Of
certificate of such registration. at,
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
signed by the governor. countersigned
by the state treasurer. and attested by
the secretary Of state who shall affiS
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
treasurer. in the order in which they
are issued. Each bond shall be payable
to the bearer. and shall state upon It's
the date of it's issuance, and the title of
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
be necessary to take up or pay the out
standing warrants of the state herein
Section Z. Whenever the bonds pro-
vided in this act are issued. 1t shall be
the duty of the state board of equalza-
tion to levy and assess a special tax on
all taxable property In this state suffi-
Gent In amount to meet the semi-an-
which tax when collected shall be paid
into the state treasury to the credit of
the interest fund of said bonds. known
and for the ultimate redemption of said
bonds there shall be levied annually
for for forty years, after ten years from
upon all the taxable property In the
state as shall create an annual fund
equal equal to two and one-half per. cent.
t2EeO OF the whole amount of the
bonds issued. which fund shall be
sailed SAIL; rEnndin,g Bonds. Series of 1910.
All taxes for interest upon and for
the. redemption of said bonds shall be
levied and collected as other state
treasury in cash only. The proceeds
thereof shall be kept by the state treas
n a iai In NAY ant -
the interest on and for the redemption
Of o, said bonds. or for their purchase as
purpose Whatever: Provided, that
whenever any surplus remains to the
credit of said interest fund. after the
In any year. the state treasurer shall
cause such surplus to be transferred
TO the credit Of The Funding Bonds.
fund may be Invested by the state
under this act. but not otherwise.
Section s. The treasurer shall include
In his biennial report statement of
the interest collected in pursuance of
this act, the amount paid. and also the
amount. IL any. carried to the sinking
fund. and how. invested. When any or
deemed under this act. 1t shall be the
duty of the state treasurer to cancel
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 treusurer's
office. and any such purchases and
cancellations shall also be made to APP
pear In the biennial statement of the
state treasurer.
Section 8. For the payment of cou-
pons representing the first years In
terest accrued or the bonds TO be Is
sued under This act. the state treasurer
is hereby a:tncrfzed and directed to
apply any moneys at that time 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-
ncy 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. 1909
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 18th day of Sep
tember A. d. 1910.
tSeaD JAMES B. PEARCE,
Secretary of State,