The Julesburg grit-advocate., 1914-10-22

de esnsent Of the eomMissioa. n
ee0ntssioa shall have NO Dowsr to au-
70 es . eorporstion. or to sathoriss
tAs capitalization Of any franchise or
permit Whatsoever or the right to own.
permit In excess OF the amount lex
elusive of any tax or annual ehar9eb
actually paid to the .-tate or to \ DO.
sideratiOn for the grant Of such fraa-
chise. permit or right
(e) The commission shall have the
power to require public utilities to &C.
count for the disposition OF the pro-
eesAs OF all sales of stock and stock
eerttficatee. and bonds. notes and 9TH
.r evidences Of indebtedness. In such
able. and to establish such rules and
regulations as IL may deem reasonable
and necessary to insure the disposition
Surposes specified in the order "
!D Au stock and every stock eerttfi-
cate. and every bond. note. or other
Utility. issued without an, order Of the
commission authorising the same then
In effect shall be void. and like wise all
every bond. note or other evidence OF
indebtedness. Of a public utility. issued
with the authorization OF the commits
visons !. aSs ne IL any -
1t 10 required by the order OF author
i1Ation of the commission to contain
shall shall be void but no no failure in any
or conditions OF the order OF Authorix-
alton of the commission shall render
void my any stock n or M stock certificate. or
debtedness. except as to a corporation
or person taking the same otherwise
than In good faith and for value and
without actual notice.
tsl Every public utility which. d.
rectly or Indirectly. Issues or causes to
be issued. any stock or stock certificate.
or bond. note or other evidence of In
order Of the commission authorizing the
same. or contrary to the provisions Of
this act. or Of the constitution of this
from the sale thereof or any part
thereof. to any purpose other than the
purpose or purposes specified In the
or to any purpose specified In the
order in excess of the
amount in said order authorized for
q not more than twenty thoassnd dol.
lars for each oifsnse.
% Every officer. agent or employee
person who knowingly authorizes. di-
rscts. aids in issuing or executes. or
causes to be issued or executed. any
stock or stock esrtific:te. or bond. note
non n-conformity with the order of the
commission authorisin9 the same. or
contrary to the provisions Of this act.
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 representation
tend in any way to Influence the com
mission to mako an order authorixinR
the issue Of any stock or stock certifi-
dsnce Of indebtedness. or which results
In procuring from the commission the
making of any such order. or who. with
knowledEe that any false statement or
in any. proceeding. tending In
any way to Influence the commission
to make such an order. issues or exc
such stock or stock certificates. or
bond. note or other evidence Of indebt-
applies. or causes or assists
70 be applied the proeesds or any part
thereof. from the sale Of any stock or
evidence Of indebtedness. to any pur-
pose not specified in the commissions
Crder. or to any purpose specified In
smoSnt aathori.ed for u such s'IS purpass' pp @
Or who. with knowledge that any
stock Or stock certificate or bond. note
pr other eyidsnes Of indebtsdresa. hs.
my of the provisions of this act. nseo-
ttatee. or causes the same to be neGo-
tiated. shall be guilty Of q felony and |
punished accordingly.
tI) No provision Of this act. and no
deed or act done or performed under
Or in connection Herewith shall be
held or construed to obli9ate the state
OF Colorado to pay or guarantee. in
pny manner Whatsoever: any stock or
stock certificate; or bond. note or other
evidence Of indebtedness. authorised.
Issued or executed under the provis-
(h) All stocks and stock certificates.
and bonds. notes and other evidences
Of indebtedness issued bv any public
utility a1ter this act takes effect. upon
the authority OF any articles OF incor-
poration or amendments thereto or vote
Of the stockholders or directors filed.
AIKEN or had. previous to the takine
sffect of this act. shall be void. unless
an order Of the commission authorizing
the issue Of such stocks 'or stock cef-
tiftcAtes. or bonds. notes or other svt-
dences Of indebtedness shall have been
obtained from the commission prior to
such issue. The commission may by
It's order impose such condition or con-
diteens as it may deem reasonable and
necessary.
In Testimony Whereof. I have hsrs-
unto set my hand and affixed the
at the City of Denver. this twenty
sixth dav of September. A. D. 1914.
JAMES B. PEARCE,
(SsaD Secretary of State.