The Springfield herald., 1914-10-09
come. To enable II t. dstsr..iDs
whethsr Il will issue such order. th3

| may make such additional inquiry o.
rsssss. sooR:. I"a Dsp.r., % doesmsnss @ and AND
contracts and REQUIRE the filing q
d.s Is. "sy ds:% :1 Sy of Il: :'ss
such stocks or stock oertificats., or
debtsdness In the amount applied for
or In leaser amount. or not at Al. and
mission such condition or condition. a.
The commission may. authorize issues
or srsater than the. authorised or sub !.
ity i corporption. and and the n p.ovisions Ho % Of
/ the statute. of this state. In so far as
the, SonsSin ,nhistton. s,I% n.
erwise. in excess Of their total author:
have no application to public utilities.
No pIblte utility shall. without tho
o of the soes on .sosR pH
debted9ess; or any part thereof, or any
specified in the commiasion's order. or
to any .purpose speeified in the. COM
for sses Si sas
terms less favorable than those speci.
thereof: A public utility may issue
notes. for proper purposes and not IL
or any other act. payable at periods
of not more than twelve months after
ns date ate Of e. Of the Nth
hut no such note shall. in whole or IN
part; be refunded by any issue Of
bonds. notes Of any term or character
or any other evidence of indebtedness.
SION No pusiie utty II 'hs shsl nav.
power to capitalize any contract for
consolidation. lease or merger. or is
of indebtedness as lien thereon with
out the consent OF the commission.
to authorize the rehabilitation Of the
thorize tho Capitalization Of any fran
/ chise or permit whatsoever or tho
such franchise or permit. in eIccss 81
annual charse5 actually paid to the
state Or to political ,n subddyisiSn d
Fishs. F5an. OF such franchise permit or
(c) The commission shall have the
power to require PUBLIC utilities to ao-
esds 1er he afss OF the ,ac
er evidence. Of indebtedHess. AH1 in sTea @
sna ana to s:.aSish sSes ruies ie
and regulations as 1t NAV deem rsa-
ana to ts
order. oHdiSc'' VI purposes '''' IN '"'
Sd). All stock and every stock GER
tificats and os every bond note. or 9th
the commission authorizing the same
WISE WISE all Al stock and ana svery @ % stock S e.rtifi.
: cate: and every 6o5G: note or other Other
OF the commission but not conforming
in Its provisions to the provisions. II
der of authorization Of the commission
to contain. shall be void: but no fall
n. II ny Other to SSmDy
der Of authori.ation OF the commits.
sion shall render void anv stock or
otSsF sSidsnss 81 nsse sse.pt
as to a corporation or person taking
ths, same otherwiss than in good faith
aHs sies. f0r value and without actual no
rectly or Indirectly. issues or causes to
cate. or bond. note or other evidence
Of indebtedness. in nonconformity with
Ing the same. or contrary to the pro-
visions & of TIL. act or @ Of the % eSn.titu. tY
part thereof. to any purpose other than
the purpose or purposes specified in
yided. or to any purpose specified in
the commissions order in excess of tho
AMOUNT snp in said Sc order AUTHORIZED for
OF not more than twenty thousand
| dollars for each offense.
90 Every officer. agent or employee
OF public utility. and every other
person who Knowingly authorizes. d.
rects. aids in issuing or executes. or
| stock or stock certificate or bond. note
or other; evidence Of Indebtedness. in
wth the Srdr oe tn:
contrary to the provisions of this act.
Or Of the constitution Of this state.
commission. knowingly makes any
false statement or representation or
Sas TO be- sd Sf i With 5ty he fe1
sion any false statement or represent
alton. which said statement or repre-
be filed may tend in anv way to influ-
| ence the commission to make an order
the Issue ct n.is
other evidence of inde btednsss. or
which. results In procuring from the
order. or who. with knowledge that
any false statement or representation
proceeding. tendin~ in anv way to in
fluence the commission to mako such
an order. issues or executes or negQti..
ates. or causes to be Issued. executed
or negotiated any such stock or stock
certificates. or bond. note or other eyi-
or Indirectly knowingly applies. or
causes or assists to be applied the pro
ceedS or any part thereof. from tho
| sale of any stock or stock certificate.
er bond. note or other evidence of in
Hebtedness. to any purpose not speci-
any purpose specified in the commits
amount authorized for such pur-
pose. or who. with knowledge that
any stock or stock certificate. or bond.
note or other evidence of Indebtedness.
has been issued or executed In viola
ton of any of the provisions of this
act. negotiates. or causes the same to
be neRotiated. shall be guilty of a fell
| ony. and punished accordingly.
(g) No provision of this act, and no
Geed or act done or performed under
or In connection Herewith shall be
held or construed to obliEate the State
of Colorado to pay or guarantees. In
any manner whatsoever. any stock or
stock certificate or bond. note or 9TH
er evidence of indebtedness. authorised.
of this act.
and bonds. notes and other evidences
of Indebtedness Issued by anv public
utility after this act takes effect. upon
the authority of any articles of incor-
poration or amendments thereto or
vote of the stockholders or directors
filed. taken or had. or other proceed
ings taken or had. previous to the tax
unless an order of the commission au-
thorizing the issue of such stocks or
stock certificates. or bonds. notes or
other evidences Of indebtedness shall
have been obtained from the commits
sion prior to such issue. The commits
| sion may by its order impose such
condition or conditions as 1t may deem
I -.