Gilpin observer., 1912-10-10
shall : As be ve,e. q ana ,,,h.wiss q, ~ ssos. ,.

visions to the provisions. IL any, which
ization Of the commission to contain.
other respect to comply with the
| thorization of the commission shall
render void any stock or stock certifi-
dence of Indebtedness. except as to
corporation or person taking the same
reetly or Indirectly, issues or causes
tificate, or bond, note or other. evil
dence OF Indebtedness except as pro-
yded In ths act aaer en- OF the
sion authorizing the same and con, 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 an me me
| cbmmission's order, as herein pro-
Nded, or as allowed by law. or to any
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, s
Be m es eTeened or any stock or
| stock certificate. or bond note or other
| evidence of Indebtedness. except as
| with the lawful order of the commits
sion authorizing the same, and con,
arY to the or OF AVIS of ha
state, or who. in any proceeding before
the commission, knowingly makes any
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 fiied
| may tend in any way to influence the
| commission to make an order authorlZ-
| Ing the issue of any stock or stock Ger
| tificate. or any bond. note or other evil
| dence of Indebtedness. or whlch re-
| suits in procuring from the commission
| the making of any such order, or VINO
| with knowledge that any false state
| ment or representation was made to
the commission, in any proceeding.
tending in any way to influence the
| or executes or negotiates, or causes to
| be issued. executed or negotiated any
| note or other evidence of Indebtedness.
| or who. directly or Indirectly. knowing
! ly applies or causes or assists 10 DC
| of from the sale of any stock or STOCK
| certificate, or bond. note or other evi.
| 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 amosnt author
lied for such purpose. or VINO, with
knowledge that any stock or stock GER
| 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
as No provision of this act. and no
| deed act done or performed under or
| in connection Herewith. shall be held
| or construed to obligate the state OF
Colorado to pay or guarantsee rands m IN s,ans any
| certificate. or bond. note or other evil
| dence of Indebtedness. authorized. Is
sued or executed under the provisions
| of this act
(g) Except as otherwise provided In
this act. all stocks and stock certif,-
dences of Indebtedness issued by any
| public utility after this act takes ef-
feet. upon the authority OF any articles
OF Incorporation or appointments there
| to or vote OF the stockholders or direc-
tors filed taken or had. or ouher pro.
| taking effect of this act. shall be void.
unless an order OF the commission au-
| 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 having au.
thorized capital stock unsold may sell
or otherwise dispose OF same at not
less than par when authorized bv ar
ticles OF Incorporation or bylaws or
laws of the state OF Colorado, WITHOUT
sereunde1 Se%s" by It's order Impose such
reasonable and necessary.
Section AZ All hearings and investi-
eommissioner shall be governed by this
act and by rules OF practice and pro-
| cedure to be adopted by the commis-
| sion and in the conduct thereof neither
| the commission or any commissioner
| shall be bound by the technical rules
| of evidence. No formality In any pro-
ceeding or in the manner of taking
| testimony before the commission or
any commissioner shall inyaiidate any
order decision, rule or regulation made.
| approved or confirmed by the commits
sion.
| each commissioner shall have power to
issue writs of summons. subppnas and
warrants of attachment In the like
| manner and to the same extent as
| courts of record. The process issued
| by 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.
| ignated for that purpose by the COM
| mission or n commissioner. The per-
son executing any such process. shall
allowed by the commission, not to ex-
ceed the fees now prescribed by law
for similar, services. and such fees
provided herein for payment OF the
| fees of witnesses.
Section As. (a) The commission and
| each commissioner shall have power to
administer oaths. certify to ali official
acts. and to Issue subpGnas for the at.
tendance OF witnesses ana the produce
| counts, documents and Testimony in
any inquiry. investigation. hearing, or
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
pnnaed, when any witness who has
not been required to attend at the re-
quest OF any party shall be subpnnaed
| bv the commission, his fees and mile
age shall be paid from the funds ap-
propriated for the use OF the commits
| sion In the same manner as other ex-
penses of the commission are paid. Any
| witness subp9naed except one whose
| fees and mileage may be paid from the
| funds of the commission, may nj the
time of service, demand the Zee To
which he Is entitled for travel to and