The Elbert County tribune., 1912-10-18

bond, note or other evidence of in
de6sedness, s 9f pI6iic ~ ptli.y ,he Issued
sion. but not conforming in its pro-
visions to the provisions, II any. which
ization of the commission to contain.
shall be void: but no failure In any
osner tsrgs or sppnait,oos Of tbe order Of ane
thorization of the commission shall
render void any stock or stock certifi-
dence of indebtedness, except as to a
corporation or person taking the same
as ss wo thaP Ii stsa sSSa faith notce end for
reetly or Indirectly, issues or causes
tificate. or bond. note or other evil
dence OF Indebtedness. except as pro
videa ts tbe m Iafu tni5 ae order en- OF the
sion authorizing the same, and con,
trary to the provisions of this act. and
state or which applies the proceeds
from the sale thereof. or any part
thereof to any purpose other than 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
five hundred dollars nor more than
twenty thousand dollars for each Of
Tense.
of a public utility and every other per-
son who knowingly authorizes. directs.
to be issued or executed, any stock. or
stock certificate. or bond. note or other
eylEe5ee eyovaes io oi this aet in nenconformisy
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
tns affon ang
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 made. filed or caused to be filed
may tend in any way to Influence the
Ing the issue of any stock or stock GER
tificate, or any bond. note or other evil
suits In procuring from the commission
the making of any such order. or who,
With knowiedge that any as ,slSe made ta'e to
tending ten 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 bond.
who. directly or indirectly. knowing
ly applies or causes or assists to be
of from the sale of any stock or stock
certificate, or bond. note or other evil
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
lied for such purpose. or who. with
knowledge that any stock or stock Ger
denee ,1nes'e Of IN indeStedness. % % has been issued
or executed In violation of any of the
provisions of this act. negotiates; or
causes the same to be negotiated, shall
De tfj ui.s No proSision Of Ds of this act. and no
h neeS aal G0hf OF shall be held
or construed to obligate the state OF
Colorado to pay or guarantee In any
manner whatsoever, any stock or stock
certificate. or bond, note or Other. evil
dence of Indebtedness authorized, is
sued or executed under the provisions
(gJ Except as otherwise provided in
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 ef-
OF incorporation or amendments there
to or vote of the stockholders or direc-
tors filed. taken or had. or other pro
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.
utility corporations now having au.
thorized capital stock unsold may sell
less than par when authorized bv ar
ticles of Incorporation or bylaws or
laws of the state of COLORADO, WITHOUT
may in ordsr M sues
condition or conditions as 1t may deem
reasonable and necessary.
Section 43. All hearings and fnvesti-
cations before the commission or any
commissioner shall be governed by this
act and by rules of practice and pro-
cedure to be adopted by the commits
the commission or any commissioner
shall be bound by the technical rules
of evidence. No formality In any pro
testimony before the commission or
any commissioner shall invalidate any
order, decision, rule or regulation made.
sion.
each commissioner shall have power to
issue writs of summons. subponas and
warrants of attachment IN the like
courts of record. The process issued
by the commission. or any commits
sioner. shall extend to all parts of the
son authorized to serve process of
courts of record. or by any person des-
ignated for that purpose by the COM
son executing any such process, shall
receive such compensation may be
allowed by the commission, not to ex-
ceed the fees now prescribed by law
for similar services, and such fees
ee or of the
fees of witnesses.
Section 45. (a) The commission and
each commissioner shall have power to
administer oaths. certify to all official
acts, and to issue subpenas 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 part of the state
Each witness who shall appear, by or
der of the commission or a commits
sioner, shall receive for his attendance
the same fees and mileage allowed by
witness W
amount shall be paid by the party at
whose request such witness is sub
pRnaed, when any witness who has
not been required to attend at the re-
guest OF any party shall be subpenaed
by the commission, his fees and mile
age shall be paid from the funds ap-
propriated for the use of the commits