The Elbert County tribune., 1910-10-21

me fiis me same with the secretarY of
charge q the Quite, required Sy this
sosd 10 =
oatks. and perform other acts nsces-
shswe 70 Of 'ns s 1nes a1a
and auditor shall furnish the necessary
clerical help required by the board:
mine the amount which should fairly
and eduitably be. paid upon each of
said warrants, and Is an honest obliga-
statement na Of Il. finding. ana anr ee%ffae
the decision Of ma5ority OF OF said add board
with respect thereto shall be final
Section s. After said board has filed
governor. the treasurer and the secre-
ttary Of state are hereby authorized to
tion 80 amended In sum not exceed
Ing two million. one hundred and fif, M
snd to sncnsnss s0ss sara onds o. %
par ana accrued interest @ Tor essidy, said war. r.
ana for ne the ysa1s 81 fss9 1855 isss
1892, 1893, 1884 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 stao az treasury any difference less than
bonds SO delivered to them respectively.
Said bonds shall be dated December
fifty years. with the option Of redsmp-
tfon at par and accrued interest In the
order Of their number at any time aft
flee OF the state treasurer of the State.
Of Colorado. and shall bear interest at
the rate OF three per cent per annum;
the state treasurer In the city OF Dem
Yer, COLORADO, or in the City OF New
consecutiveiy. beginning at number
one. and shall be registered in the Of
flee OF the auditor OF state and his
tested By the he seal in of his offics affl.ed
to each bond, shall be evidence of their
section :. The bonds issued under
this act shall be known as Funding
Bonds, Series of 1870" and shall be
tss State ana eS
the great seal Of the state to each bond.
resstere1 book Kept &c hosrse sor shsf pnr ano
pose by the state auditor and state
treasurer, In the order in which they
to the bearer, and shall state upon its
race the amount for which II is Issued.
the date Of Its issuance. and the title OF
article of the constitution authorizing
the Issuance OF said bonds. and the IT,
on fhe he tex 81 s ss act be prinsed
bonds. Only such amount and number
OF said bonds. shall be issued as may
standing warrants of the state herein
above mentioned.
Section 7. Whenever the bonds pro-
the duty OF the state board OF equaIiza-
ton to levy and assess a special tax on
all taxable property in this state suffi-
cient 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 1910:"
and for the ultimate redemption of said
for forty years. after ten years from
the date of their issuance, such a tax
upon upon all the taxable property in the
equal to two and one-half per cent
S2h%) OF the whole amount of the
PONDS PONDS Issued; which fund shall be
Sinking Fund"
All taxes for interest upon and for
levied and collected as % other a stats
taxes. and shall be paid into the state
treasury in cash only. The proceeds
urer as a distinct fund under the prop
the Interest on and FOR the redemption
hereinaftsr provided. and for no other
ereds o saS fsnd atep s9 the the
full payment of the interest maturing
In any year. the state treasurer shall
to the credit OF the "Funding Bonds.
Series OF 1910, Sinking Fund"
Al moneys belonging to said sinking
treasurer In any of the bonds issued
under this act, but not otherwise.
!. Section 8; 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
emSunt, fnnS ad u , any s carried to the sinking
the said bonds are purchased or re-
deemed under this act. 1t shall be the
the same. SO that they can be plainly
Identified, and cause the record OF such
cancellation to be made In the registry
the state auditor. and they shall also
be kept on file in the state treasurer's
oIrice; ana any such purchases and
pear In the biennial statement Of the
state treasurer.
noss ssetSn q For the payment Of cou-
terest accrued on the bonds TO be Is
sued under this act. the state treasurer
apply any moneys at that time in his
hands belonging to the general reve-
nue. fund. or the funds accruing from
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.
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 29th day of Sep
tember, A. ID. 1910.
(SeaD JAMES b. PEARCE,
Secretary of State.
CONSTITUTIONAL AMENDMENT.
Natica La hernhx, eri.,s.1a that OF tla 10,