Gilpin observer., 1912-10-17

Il Hs is reaSlred BY the order OF author
s1atipi shall be y void; but no failure IN any;
other respect to comply with the
terms or conditions of the order of au;
render void any stock or stock certifi-
cate, or any bond. note or other evil
Corporation or person taking the same
value and without, actual notice a.
rectly or Indirectly. Issues or causes
to be issued any stock or stock GER
dense Or sGae except as
with the lawful order of the commits
trary , to the provisions of this act. and
of the constitution or laws OF this
state. or which apple, applies the proceeass eers
thereof. to any purpose other than the
purpose or purposes specified In the
vided, or as allowed by law, or toiany
purpose specified in the commission's
order in excess OF the amount In said
subject to a penalty of not less than
five hundred dollars nor more than
twenty thousand dollars for each or
Tense.
-Ie) Every officer. aeent or employee
of a public utility and every other per
son who knowingly authorizes. directs,
aids in. issues executes or causes
to be issued or executed. any stock , or
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-
trary to the provisions of this act and
of the constitution or laws of this
state. or who. in any proceeding before
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 representa-,
H.. Ia 1ad ~ n a n
may tend in any way to influence the
commission to make an order authoriz-
ing the issue of any stock or stock GER
tificate, 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 false state
ment or representation was made to
the eSmmisson snY wan an any the
commission to make such order, issues
or executes or negotiates. or causes TO
be issued executed or negotiated any
such st ock or stock certificate or bond,
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
If 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 amount author
lied for such purpose. or who, with
tificate, or bond. note or other 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
be guilty OF & felony; ,,,. 80, ,,a -,
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
certificate; or bond. note or other cyl
dence OF Indebtedness, authorized. Is
sued or executed under the provisions
of this act.
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 stoclkh olders or direc-
tors filed. taken or had, or other pro-
ceedings taken or had. previous to the
taking effect of this act. shall be void.
thorizing the issue of such stocks or
stock certificates. or bonds notes or ]
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
the consent of the commission. The
commission may in orsar all PTGpsr no,e saes
condition or conditions as II may deem
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
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
len oh n "a
order. decision, rule or regulation made.
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
courts OF record. or by any person des.
ignated for that purpose by the COM
mission or commissioner. The per-
en Teee,ve 1eGs such scompensation 5 % es' as may be
allowed by the commission. not to ex-
coed the fees now prescribed by law
prov proviaed ed her herein for payment OF the
fees of witnesses.
each commissioner shall have power to :
administer oaths. certf to all official I
sss aes t ss ssr hs for prssss ss
ltion OF papers. way biIis. books. ac-
counts, documents and Testimony In
any Inquiry. investigation. hearing. OF
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
whose request such witness is sub
p9naed, when any witness who has
not been required to attend at the re-
quest OF any party shall be subppnaed
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 subpGnaed except one whose
funds OF the commission. may, at the
time of service, demand the fee to 7