The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1912-10-19

certificates, and bonds notes A' any
other evidences OF indebtedness In
s sG,,i. FORM and detail as It may deem
anu regulations as II may deem rea-
S9haole and necessary to insure the
disposition OF such proceeds for the
der. 80 IS VI
(el Except as in this act provided. nil
STOCK ana every stock certificate. and
every bond, note or other evidence Of
lndebtedness, OF a public utility. Issued
without an order OF the Commission
nHtnorlzing the same then In effect
S snd DC VOID, and likewise all stock
ana every stock certificate. and every
9ond, note or other evidence OF In
utbtedness, OF public utility, issued
with the authorization Of the commits
SION, but not conforming In its pro-
n'Aiohs TO the provisions, II any. which
IL Is required by the order OF author
lzation OF the commission to contain.
snall be void; but no failure in any
other respect to comply with the
terms or conditions OF the order Of au-
thorlZation of the commission shall
rehuer VOID any stock or stock ccrtifl-
cate, or any bond, note or other evil
dence OF Indebtedness, except as to
corporation or person taking the same
otherwise than in good faith and for
value and without actual notice.
(d) Every public utility which di-
rectiy or indirectly, issues or causes
20 be issued any stock or stock GER
tiflcate. or bond, note or other evil
dence OF Indebtedness. except as pro-
vided In this act, In non conformity
with the lawful order of the commls-
sion authorizing the same, and con-
trary to the provisions of this act, and
or the constitution or laws of this
state. or which applies the proceeds
from the sale thereof, or any part
thereof, to any purpose other than the
purpose or purposes specified In the
commissions order, as herein pro-
Vided, or as allowed by law, or to any
purpose specified in the commissions
order In excess OF the amount in said
order authorized for such purpose, is
subject to penalty of not less than
i've hundred dollars nor more than
twenty thousand dollars for each Of
tense.
.te) Every officer. apent or employee
or public utility and every other per-
son who knowingly authorizes. directs.
aids In, issues or executes or causes
to be Issued or executed. any stock or
stock certificate or bond, note or other
evidence of Indebtedness. except as
provided in this act. in non-conformity
with the lawful order of the commits
sion authorizing the same, and con-
OF the constitution or laws of this
state, or who. in any proceeding before
the commission, knowingly makes any
false statement or representation or
with knowledge of Its falsity files or
causes to be filed with the commission
any false statement or representation,
which said statement or representa-
tion so made, filed or caused to be filed
may tend In any way to influence the
commission to make an order authoriz-
Ing the Issue of any stock or stock GER
| tificate, or any bond, note or other evil
| dence of Indebtedness. or which re-
| suits in procuring from the commission
the making of any such order, or who.
with knowledge that any false state
ment or representation was made to
the commission, In any proceeding.
tending In any way to influence the
commission to make such order, Issues
or executes or negotiates, or causes to
! be Issued, executed or negotiated any
such stock or stock certificate or bond.
note or other evidence of Indebtedness.
or who, directly or Indirectly. knowing
ly applies or causes or assists to be
applied the proceeds of any part there
certificate, or bond, note or other evi
dence OF indie btedness. to any purpose
not specified I'm the commissions lawful
order, or allowed by law, or to any
purpose specified In the commission s
order, in excess of the amount author
lied for such purpose, or VINO, with
knowledge that any stock or stock GER
tificate, or bond, note or other eVi,
dence OF Indebtedness, has been Issued
or executed In violation of any OF the
provisions OF this act. negotiates; or
causes the same to be negotiated, shall
be guilty of a felony.
~ No provision of this act, and no
deed or act done or performed under or
In connection herewith shall be held
or construed to obllgate the state OF
Colorado to pay or guarantee In any
manner whatsoever, any stock or STOCK
certificate, OF DOUu, HONe VI pAHti wv
dence of Indebtedness. authorized, Is
sued or executed under the provisions
of this act.
this act, all stocks and stock certifi-
Gates, and bonds, notes and other evil
dences of Indebtedness issued by any
public utility after this act takes Ell
feet, upon the authority OF any articles
OF incorporation or amendments there
to or vote of the stockholders or direc-
tors filed. taken or had, or other pro
ceedings taken or had. previous to the
taking effect of this act, shall be void.
unless an order OF the commission au-
thorizing the Issue of such stocks or
stock certificates. or bonds. notes or
other evidences OF Indebtedness shall
have been obtained from the commits
sion prior to such Issue; PROVIDED, that
utility corporations now havlng au
thoriZed capital stock unsold may sell
or otherwise dispose of same at not
less than par when authorized DIV ar
ticles OF incorporation or bylaws OF
laws OF the state OF Colorado, without
the consent of the commission. The
hereunder by it's order Impose such
condition or conditions as IL may deem
reasonable and necessary. .,
section 43 All hearings and investi-
cations before the commission or any
Commissioner shall be EoVt,rneo py .n,s
act and by rules OF practice and pro
eedlre to be adopted by the commits
sion and in the conduct thereof neither
the commission or any eSminiss,o ,ies
Of evidence. No formality In any pro-
ceeding or in the manner OF taking
testimony before the commission or
any commissioner shall lnNaldate my
order decision, rule or regulation made
Improved or confirmed by the commits
sion. ,t -
aocb commissioner shall have power TO
lssI,e writs OF summons, subpmnas and
warrants OF attachment In the Ike
manner and to the same extent as
cOurts of record, The process issued
Nv the commission, or any commits
sioner. shall extend to all parts OF the
state and may be served by any per,
son authorized TO serve process OF
courts OF record, or by any person des
lgnated for that purpose by the com
mission or commissioner. me per-
AifAfN's Hhull