Gilpin observer., 1912-10-24

visions TO the provisions, II any, Whlch
aiatipi shall be y void; but no failure in any
terms or Conditions Of the order Of .au:
thorization Of the commission shall
render void any stock or stock certifi-
dence of Indebtedness. except as to
corporation or person taking the same
Sshee~nd Saiae and With Without ut actual cEn notice @
tdl Every public utility utility which ch,en. di.
denee es'e Of indebtedness. ' except as pro-
with v,aso the he lawful @ aes Order Of the commis-
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
purpose or purposes specified in the
commissions 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 purpose; Is
five hundred dollars nor more than
twenty thousand dollars for each Of
fense.
of a public utility and every other per-
son who knowingly authorizes; directs,
to a1aS Be is ssues eT any @ 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,
the 10 constttntion tme or 0 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
| 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
| tifcate, 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 VINO
with knowledge that any ia'se Sa s.a'e to
tending in any way to. influence the
or executes or negotiates. or causes to
be issued. executed or negotiated any
such stock or iSsrce stGSs of ndebiedness.
or who. directly or Indirectly knowing-
Is applies or causes or assists TO be
applied the proceeds of any part there
OF from the sale of any stock or stock
l,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 commission.s
order, in excess OF the amount author
lied for such purpose or who. with
knowledge that any stock or stock GER
-tificate. bond. note or Otner 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
(f) No provision OF this act. and no
deed or act done or performed under or
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
(g) 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-
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-
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.
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 Coloradoi d withons ,1n
Seneundeq by %aH It's IN order Ter saes
reasonable and necessary.
Section 49, All hearings and investi-
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 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 invaiidate any
approved or confirmed by the commits
sion.
each commissioner shall have power to
issue writs of summons subp1nas and
warrants of attachment In the like
manner and to the same extent as
by the commission. or any commits
sipner. shall extend to all parts of the
son authorized to serve process of
courts of record, or by any person des-
snsiea mssiea op dGr naa eommissioner % The eo pen
son executing any such process. shall
receive such compensation as may be
ceed the fees now prescribed by law
for similar services. and such fees
shall be paid in fhs ss%s
fees OF witnesses.
Section As. (a) The commission and
each commissioner shall have power to
acts. and to issue subp9nas for the at.
tendance of witnesses and the produce
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 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
not been required to attend ut the re-
quest OF any party shall be subpenaed
age shall be paid from the funds ap-
propriated for the use OF the commis-
sion In the same manner as other ex-
penses OF the commission are paid Any
witness subpGnaed except one whose
fees and mileage may be paid from the
funds of the commission, may, at ths
time OF service, demand the fee to
which he Is entitled for travel to and