The Elbert County tribune., 1912-11-01

debtedness. OF public utility, Issued
with the authorization of the commits
sion but nSs fss Srovisons m any ts Pre-
IL is required by the order of author
ization of the commission. to contain,
shall be void: but failure in any
other respect to comply with the
terms or conditions of the order OF au-
thorization of the commission shall
cate. or any bond. note or other evil
dence OF Indebtedness, e1ieept as to
Ushsewlna Uaise and WITH Without Ut actual notice
rectly or indirectly. Issues or causes
to be issued. any stock or stock GER
tificate or dndebaenees 69ae eese e%cept as eEa y
with the lawful order of the commits
frsry to the provisions of this act. and
OF the constitution or laws OF this
state or which tssTeof sppefs on one apy eslt
thereof. to any purpose other than the
purpose or. purposes spectiied In the
yided or as allowed by law. or to any
purpose specified in the oommission's
order authorized for such purpose; Is
subject to a penalty of not less than
five hundred dollars nor more than
twenty thousand dollars Tor each OF
1e) Every officer. aeent or employee
Of a public utility and every other per
aids in. Issues or executes or causes
to be issued or executed, any stock or
evidence of Indebtedness. except as
provided In this act, In non, conformity
sion authorizing the same, and con-
trary to the provisions of this act and
of the constitution or laws OF this
the commission, knowingly makes any
false statement or representation or
causes to be filed with the commission
any false statement or representation,
which said statement or represeIni,taS, ma
may tend In any way to influence the
commission to make an order authoriz-
tificate, or any bond, note or other evil
dence of indebtedness, or which re-
suits in procuring from the edar e1mmisyion m wbo
with knowledge that any faise state
ment or representation was made to
tee teediG& oeinInisU in any way to influence the
commission to make such order, ISSUES
or executes or negotiates: or causes an9 TO
such took or stock certificate or BOND.
note or other evidence OF indebteoness'
or who, directly or Indirectly. knowing
ly applies or causes or assists to be
applied the proceeds of any part there
eertificate, ee HH % or T bond, note or other evi.
dence OF Indebtedness. to any purpose
not specified in the commission's lawful
purpose specified In the commissions
order In excess of the amount author
knowledge that any stock or stock cer-
tiricate, or bond. note or other evil
dence of Indebtedness. has been issued
provisions OF this act. negotiates, or
causes the same to be negotiated, shall
Is No provision of this act. and no
deed or act done or performed under or
In connection thersWd.h,, shail th pc nela
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 eff
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-
thorizing the issue of such stocks or
other evidences of Indebtedness shall
have been obtained from the commits.
sion prior to such issue; pr1vid.ed: . taat
thorized capital stock unsold may sell
or otherwise dispose of same at not
ticies of Incorporation or bylaws or
laws of the state of Colorado without
consent
hereunder h by its order 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 thts
cedure to be adopted by the commits
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-
testimony before the commission or
any commissioner shall invalidate any
order, decision. rule or regulation MADE.
approved or confirmed by the commits
Section "A. The commission and
issue wrMs of summons subpenas and
warrants of attachment in the like
Of and S the The 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-
Mission or Commissioner. The per
son executing any such process, shall
receive such compensation as may be
allowed by the commission, not to ex-
ceed the fees now prescribed by law
for similar services, and such fees
previded pro, ed isr Herein n for @ % payment Of the
fees of witnesses.
Section 45. (a) The commission and
each commissioner shall have power to
administer oaths. certify to ali official
acts. and to issue subp9nas 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
law to the witness in civil cases, which
amount shall be paid by the party at
whose request such witness is sub
pnnaed, when any witness who has
not been required to attend at the re-
quest of any party shall be subpnnaed
by the commission, his fees and mile
age shall be paid from the funds ap-
propriated for the use of the commits