The Elbert County tribune., 1912-10-11

bond, note or other eFiognce OF IN.
with the authorization of the commits
sion, but net conforming In Its pro-
Il is required BY the order OF author
izatfon of the commission to contain.
shall be ySid 99t Comfy no Iaiurs With n aby
terms or conditions OF the order of au-
thorization of the commission shall
cate or any bond, note or other EVIL
dence OF indebtedness. except as to a
otherwise than in good faith and for
value and without actual notice.
Id Every public utility which di-
to be Issued. any stock or stock Ger
tificate, or bond. note or other evil
dence OF Indebtedness. except as pro-
vsded In this act, in n-conformity
with the lawful order OF the commits
sion authorizing the same, and cons
of the constitution or laws OF this
state. or which applies the proceeds
from the sale thereot' o,ber or any man puI. tbs
purpose or purposes specltied. IN the
comnissions order, as herein pro-
vIded or as allowed by law. or to any
purpose specified In the commission's
order in excess OF the amount IN SAID
order authorized for such spurpose Is
five hundred dollars nor more than
twenty thousand dollars for each Of
1e) Every officer. aeent or employee
of a public utility and every other per
son who knowingly authorizes, o,reets.
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-
trarv TO the provisions OF this act ana
OF the constitution or laws OF ms
state, or who. in any proceeding before
false statement or representation or
with knowledge Of Its falsity flies 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 fiied
may tend In any way 70 I'M lhIiuemfbe a,,tborj1 lne
ing the issue of any stock or STOCK Ger
tfficate, or any bond. note or other eyl-
suits in procuring from the commission
the making of any such order, or VINO
with knowledge that any raise sa stateo e.
tending in any way to. influence the
or executes or negotiates, or causes to
be issued executed or negotiated any
such stock or stock certificate or nono.
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-
OF from the sale of any stock or stock
certificate or bond. note or other evil
dence of Indebtedness. to any purpose
not specified In the commissions lawful
order. or allowed by law, or to any
purpose specified In the commissions
order, in excess of the amount author
ized for such purpose. or who, with
knowledge that any stock or stock Ger
tificate. or bond. note or other evi,
or execut ed In violation of any of the
provisions OF this act. negotiates. or
causes the same to be negotiated. shall
C3 No provision OF this act, and no
deed or act done or performed under or
in connection Herewith. shall be held
or construed to obligate the state of
Colorado to pay or guarantee In any
manner whatsoever any STOCK or STOCK
dence of Indebtedness, authorized, Is
sued or executed under the provisions
(g1 Except as otherwise provided in
this act. all stocks and stock certifi-
Gates. and bonds, notes and other evil
public utility after this act takes ef-
feet. upon the authority of any articles
to or vote of the stockholders or direc-
tors filed. taken or had, or other pro-
ceedings taken or had. previous to the
unless an order of the commission au-
thorlzing the issue of such stocks or
other evidences of Indebtedness shall
have been obtained from the commits.
sion prior to such Issue; provided. that
utility corporations now having au,,
thorized capital stock unsold may sell
or otherwise dispose Of same at not
less than par wmsn au'n9r5ea np bSoaws or
laws Of the state of Colorado. without
the consent of the commission. The
Sereundep Semrssspn by a It's order impose Impose such
condition or conditions as 1t may deem
reasonable and necessary.
Section 43. All hearings and investi-
cations before the commission or any
Commissioner shall be governed by this
cedure to be adopted by the commits
sion and in the conduct thereof neither
the commission or any c9mmissioner
of evidence. No formality In any pro-
ceeding or In the manner OF taking
any commissioner shall invalidate any
order, decision, rule or regulation made,
approved or confirmed by the commits
sion.
Section A. The commission and
each commissioner shall have power to
issue writs of summons, subpenas and
warrants of attachment In the like
manner and to the same extent as
courts of record; The process ISSUED
sioner, shall extend to all parts of the
state and may be served by any per-
son authorized to serve process of
ignated for that purpose by the COM
mission or commissioner. The per-
son executing any such process. shall
receive such compensation as may be
allowed by the commission, not to ex-
coed the. fees now prescribed by law
shall be paid in the same manner as
provided herein for payment of the
fees of witnesses.
Section 40. (a) The commission and
each commissioner shall have power to
administer oaths. certify to ali official
acts, and to issue subpnnas for the at
tendance of witnesses and the produc-
tion of papers, way bills books. ac-
counts, documents and testimony in
any inquiry. investigation hearing, or
proceeding in any pnrt of the state.
Each witness who shall appear. by or
der OF the commission or commits
sioner. shall receive for his attendance
the same fees and mileage allowed by
law to the witness In civil cases which
amount shall be paid by the party at
whose request such witness is sub
ppnaed, when any witness who has
not been required to attend at the re-.
quest of any party shall be subucenaed
by the commission, his fees and mile
age shall be paid from the funds an
propriated for the use OF the commits