The daily sentinel. [volume] (Grand Junction, Colo.) 1893-current, 1910-10-26


take and subscribe an oath of office
and file the same with the secretary OF
state. In the usual form required of
state off,cers. for the faithful dis
act. Said board is hereby authorized
and empowered to subpoena witnesses.
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 fairy
said warrants. and is an honest obliga-
ton of the state. and shall thereupon
make and file full and compiste
statement of Its findings and Diet ertnin-
alton with the auditor of the state. and
the decision of a majority of said board
with respect thereto shall be final.
Section 5. After said board has filed
its report with the auditor of state the
governor. the treasurer and the sscre-
tary OF state are hereby authorized to
Issue the bonds of the state of Colo
RADIO In accordance with the Constitu-
tion so amended In a sum not exceed
Ing two million, one hundred and fiji
and to exchange said bonds. or so
many thereof as may be necessary, at
par and accrued interest. for said war
in and for the years 1887. 1883. 1889.
1892, 1893, 1894 and 1897, at par and
the Interest accrued thereon, upon sur
rants for cancellation. The holders Of
any said warrants may pay into the
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
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
the rate of three per cent. per annum.
payable semi annually at the office of
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
legal issue.
Section 6. The bonds issued under
this act shall be known as Funding
Bonds, Series of 1910" and shall be
signed by the governor. countersigned
by the state treasurer. and sttested by
the secretary of state. who shall affix
the great seal of the state to each bond.
said bonds shall be numbered and
registered in a 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 paya BILE
to the bearer. and shall state upon its
face the amount for which II Is Issued,
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
of said bonds. shall be issued as may
standing warrants of the state herein
above mentioned.
Section Z. Whenever the bonds pro-
vided in this act are issued. 1t shall be
the duty of the state board of equnliza-
tion to levy and assess a special tax on
all taxable property in this state suffi-
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"
and for the ultimate redemption OF said
bonds there shall be levied annually
the date OF their issuance such a tax
upon all the taxable property in the
state as shall create an annual fund
tzh%) of the whole amount OF the
bond. issued, which fund shall be
sslleG ~F rmaa Bonds Series of 1910.
All taxes for interest upon and for
the redemption Of said bonds shall be
levied and collscted as other 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
the interest on and for the redemption
on SAID bonds, or for their purchase as
n nernass Bs9eided. and o i1r no other
whenever any surplus remains to the
ereSit OF said Interest fund. after the
tuii payment OF the interest maturing
cause such surplus to be transferred
TO the credit Of the Funding Bonds.
All moneys belonging to said sinking
fund may be Invested by the state
treasurer In any of the bonds issued
under this act, but not otherwise
Section .. The treasurer shall Include
in his biennial report a statement Of
the interest collected in pursuance of
amount. II any. carried to the sinking
fund. and how invested. When any Of
the said bonds are purchased or re-
duty OF the state treasurer to cancel
the same, so that they can be plainly
identified, and cause the record OF such
books of both the state treasurer and
the state auditor. and they shall also
bs kept on file in the state treasureY's
cancellations shall also Be- made 10 a.
pear in the biennial statement Of the
s:''se En- thu the Of
s.ss pn sssru tS on the bono: to be t.
apply any moneys At thai time in his
nue. fund or the funds accruing from
interest on bank deposits; and so much
money as may be necessary therefor 10
for the payment Of said Interest.
Section 10. The governor and attop.
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 6onds.
Approved. April 23rd, 1908.
In testimony whereof, I 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 Sen.
TENDER. A. D. 1910.
(SeaD JAMES D. PHARCE,
Secretary of State
CONSTITUTIONAL AMENDMENT.