The Springfield herald., 1914-10-16

sa: Ts vi. :FHsi :.u. !. .uss s s.s:: s:rss &:
commission shall hold = hearing aad
ss nsss.tis.son x auea ana nSafy sSes VIZ
consrasts a and require s.t the q filing q
der. grant psrmissIon for the i.sus Of
BOND Sond., SS note. or or otssr % .sid.noss Of in. :.
debtedness In tho amount applied feri
ss.s to s. ssra.s ao 81
| mission such condition or conditions a.
.s ass .1 aRa
lnd:6t:dnssis; les, than ssu!ysisnt t,,s so
ity Corporation. and the provisions Of
creation by corporations Of Indebted
ID sy os
ixed or subscribed capital, stock shall
pTba nG niy sS. to Yrof Mhou stf: IL.
consent OF the Commission. apply the
issue Of any stock or stock certificate.
nroessds thsreof to % any s"1s psSDoss Sc not not
to any purpose specified In the. com
m!ssion's order IN excess cess of the
terms less favorable than those speci.
Of such pnSe SGSs Gritty %ay s.as
Violation 81 any provIsion 81 fD this f act
Sf not @ more % than an .@elvs l9is months nj 'sS after
the date OF Issuance of the same. With
but no such note shall. in whole or in
part be refunded u,oI yy.,,say by any issue Of
of any ,er or
without tn. consent ot the cSmmis.
consolidation. lease or merger. or Is
Of indebtedness as lien thereon with
out the consent of the commission.
to o. authorIze the capItaIization Of the
right to r., be - co5poration r., or to .n-
| chise or permit whatsoever or the
sues OF in 'eses esss.. of
annual charse5 actually. paid to. the
State or to political subdivision
Fight.
tc) The commission shall have the
power to require PUBLIC utilities to 'ac-
ceeds Of ali sales Of stock and stock
ssrtifisat.. and bonds; bonds Gote. and 9th 9th
form and detail As It may deem ad-
yis.ble: and to establish such rules
ana re8ulations as II NAV deem rea-
disposition of such proceeds for the
purpose or purposes specifled In the
order.
tiflcste. and every bond. note. or 9TH
iio utility. issued without an order Of
sh:s a:e Il. ana .vsry ss ns
sd.nee eed Of n'ts pabie
utility. issued with the authorization
In its its pEovisions to the 20 orovi.ions. Il
any. which II I: REQUIRED by the Or
With Wit II. IL terms % Or condition. o. Of the o. or.
sion shall render void any, stock or
fSsk Or AK S9ma note or
ss n to Ssnss sorpor.tion M or psrson t.fins
tn. same IAN othsrwiss M than MI, in EoOd faith
(e) Every. public utility which. di.
reetiy or indirectly. issues or causes to
be issued any stock or stock certifi-
the order OF the commission authoris-
e hi. or Act or q the sss
tion of this State. or which applies the
part thereof. TO any purpose other thai,
The IN
the sec my opSsr IN escsss Of ths
amount in said order authorized for
OF 9'n not more than 5sS twsntS thousanS
dollars for each offense.
~ Every officer. agent or employee
person who knowingly authorizes di-
rects. aids in issuing or executes. or
stock or stock certificate. or bond. note
or other evidence of Indebtedness. In
th the tSs order of the
Or Of The constitution Of this state.
eommission. knowingly makes any
false statement or representation or
causes to be filed with the commits
sion any false statement or represent
so made fed or Caused to
be filed may tend in anv way to influ-
encs the eommission to make an order
other evidence of inde ebtedness. or
commission the making Of any such
order. or who. with knowledge that
was made to the commission. in any
proceeding. tendin~ in anv way to In
fluenee the commission to make such
ates. or causes to be Issued executed
or negotiated any such stock or stock
dence of indebtedness. or who. directly
or indirectly. knowingly APPLIES. or
causes or assists to be applied the pro-
ceeds or any part thereof. from the
sale OF any stock or stock certificate.
Tebtedness. to any purpose not speci-
fled III the commissions order. or to
any purpose specified in the commits
sion's order in excess of the
pose. or, who, with knowledee that
note or other evidence OF Indebtedness.
has been issued or executed in viola.
tion of any of the provisions of this
act. negotiates. or causes the same to
be negotiated. shall be guilty of a fel-
ony. and punished accordingly.
tg) No provision of this act. and no
Geed 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 9TH
er evidence of Indebtedness. authorized.
issued or executed under the provisions
of this act.
(hl Al! stocks and stock certificates.
and bonds. notes and other evidences
of Indebtedness issued by anv public