The Springfield herald. (Springfield, Baca County, Colo.) 1887-1919, 1910-10-07

its report with the auditor of state. the
governor, the treasurer and the secre-
tary of state are hereby authorised to
rado in sccordsnee with the ConstItu-
tion NO amended In sum not exceed
Ing two million. ono hundred and III
and to exchange said bonds. or so
many thereof as may be necessary. Mt
rants of the state OF Colorado, issued
In and for the years 1887. 1883. 1883;
1892; 1888. 1894 and 1897. at par and
render of an equal amount of said war
rants for canceiiation. The holders OF
ay Pes
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-
ton at par and accrued interest ST., In a the
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
eonsecutiy,sly;, beginning az number ,nn Der
flee of the auditor of state. and his
certificate of such registration. at,
tested by the seal of his office affixed
to each bond. shall be evidence of their
legal Issue.
section 6. The bonds issued under
anaa act ss shs DE sC ana ahn &c
signed by the governor. countersigned
by the state treasurer. and attested by
the great seal of the state to each bond.
Said bonds shall be numbered and
poss sr Inn In book RsP, rop ,hn' Pat
treasurer. in the order in which they
are issued Each bond shall be payable
to the bearer. and shall state upon it's
face the amount for which 1t Is issued.
The date of Its issuance. and the title of
this act. together with the section and
article of the constitution authorizing
the issuance of said bonds. and the IT,
tie and text of this act shall be printed
bonds. only such amount and number
of said bonds. shall be issued as may
be necessary to take up or pay the out
standing warrants of the state herein
above mentioned.
Section 4 Whenever the bonds pro-
vlded in this act are Issued. II shall be
the duty of the state board of equaliza-
tion to levy and assess special tax on
all taxable property in this state suffi-
nual interest accrulng 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
bonds there shall be levied annually
for forty years. after ten years from
the date of their issuance, such a tax
upon all the taxable property in the
equal to two and one-half per cent.
S2A%) of the whole amount of the
CALLED Funding Bonds. Series of 1910.
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
thereof shall be kept BY the state treas
urer as a distinct fund under the prop
er heads. to be issued In payment OF
bio itf2
Of said bonds. or for their purchase
hereinafter provided. and for no other
sny to that hat
credit of said interest fund. after the
fun payment OF the interest maturing
to the credit of the Funding Bonds,
Series OF 1910. Sinking Fund"
All moneys belonging to said sinking
fund .da may be invested by the state
under this act. but not otherwise,
Section s. The treasurer shall include
the interest collected in pursuance of
amount. II any. carried to the sinking
fund. and how invested. When any of
5hs said n bends 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
sanseliation 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 treasurer's
office: and any such purchases and
cancellations shall also be made to ap-
pear in the biennial statement of the
state treasurer.
Section o. 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 accruing from
Interest on bank deposits. and so much
money as may be necessary therefor is
hereby appropriated cut 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, 1909.
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 29th day of Sep
tember. a. d. 1910.
tSeaD JAMES b. PEARCE.
Secretary of State.