The Springfield herald., 1914-10-09

thoriso the capitalization OF tho right
K. CO s.pitaifaasion s OF any f9.nchi.s nS1'os os
permit whatsoever or the right to own.
% G5 snsx easss. of ;Ssh the
kiuaiys of any tat or annual charged
slderstion for the grant of such fran
ehise. permit or right.
count for the di.po.ition Of Tho pre-
e audiences Of indebtedness. In such
s and and as 4 Il :ses s's% s1.: d. snd
SIS e ss :si sss di.os:isia.
ID, All stock and sysry stock certifi-
evidence Of indestednss.. Of a pubIic
utility. issued without an order Of the
In effect shall be void. and likewise ali
stock and every stock certificate. ahd
::xsrS bond note or ,,S,In othsr syidercs Of
with Che authorization. of the commits
sion but not CONFORMING in its pro-
4 % j. rsaSirsd t'd BY the order asy: of y.uthora thor"
t.ation of the commission. to contain.
other rs.pset 70 10 O sompiy H re with the ~ terms s
or conditions OF the order Of authorlz-
Soa any stoeS on ssoeR ende
debtedaess. except As to a corporation
than in good faith and for value and
without actual notice.
Fectiy or indirectly. issues or causes to
oe issued. any stock or stock certificate,
He VIII G1 the
order OF the commission authorizing the
same. or contrary to the provisions Of
State or which applies the proceeds
from the sale thereof. or any part
purpose or purposes specified In. the
commission's order. as herein provided.
any orser saees. % Of the
amount In said order authorised for
s1ch pIrDoses Is subject to pe%nsltiy Atty
W Every officer. agent or employee
person who Knowingly authorizes. di-
rects. aids In Issuing or executes. or
stock or stock certificate. or bond. note
cr other evidence of Indebtedness. in
non.conformlty with the order Of the
or Of, The constitution. OF this state.
commission. knowingly makes any
false statement or reMesentation or,
causes 10 be filed with the commission
any false statement or representation.
which !, .aid f,s statement or representation
%sslon miss on toy to make al ss order. .autSorisins tho lin
fsnce of indebtedness. or which results
making OF any such order. or Who. with
knowledge that any false statement or
representation was made to the COM
mission. In any proceeding. tending in
any way to influence the commission
20 make such an order. issues or exc
rutes or negotiates or causes to be
t8Bued, executed negotiated any
Such stock or stock certifcntes, or
fdness. or who. directly or Indirectly.
knowingly applies. or causes or assists
Re rom ess e sscR
evidence OF indebtedness. to any pur-
order. or TO, any purpose specified in
the eommission's order In excess OF the
or who. with knowledge that any
stock s or stock certificate Ate or bond. note
Sreo or 1ther sseS eyiaenee OF adebtednssS has
eny of the provisions of this act. nego-
tiates. or causes the same to be nego,
punished accordingly.
tE, No provision OF this act. and no
pr in connection rherewith shall Be
held or construed to obiigate the State
or s s,Ss in
stock certificate; or bond. note or other
evidence of Indebtedness. authorized.
Ions OF this act.
thl All stocks and stock certificates.
snd bonds. notes and other evidences
of Indebtedness issued nv any public
utility after this net 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 proceedings
taken or had. previous to the takinu
effect of this act. shall be void. unless
an order of the commission authorizing
the Issue of such stocks or stock GER
tificates. or bonds. notes or other evi-
denoes of Indebtedness shall have been
obtained from the commission prior to
such issue. The commission may by
Its order impose such condition or con-
ditions AS IL may deem reasonable and
necessary.
In Testimony Whereof. I-have here
unto set my hand and affixed the
Great Seal Of the State of Colorado.
at the City. OF Denver. this twenty.