The Springfield herald., 1914-10-23

sSorise the capit.ii.stion Of the right
permit whatsoever or the right to own.
% Hn snsss. y Rsh the
elusive OF any tax or annual charged
: ssueas.o. ess .H .ha s.,s ss S
alteration for the grant of such fran
ehtse ns Permit Ito or r, riSnt .h.u h.v ~.
powsr to require public utilities to ac-
count for the disposition of tho pro-
CERTIFICATES. and bonds: notes and 9TH
sr evidences of indebtedness In s.a such
sei. snd as'e 10 sy sSeS rnes
and necessary e insure the disposition
purposes specified in the order.
(d) All stock and every stock certifi-
evidence of indebtedness. OF public
utility. Issued without an order of the
% sffest shall be void ana lke%ise ali
stock and every stock .certificate. and
every. bond. note or other evidence of
with The authorization. of the commits
sion but not conforming In tts pro-
Il S"s is reaHired ~ red BY the order af' Of author
shall be void; but NO failure II any
other respect to comply with the terms
or conditions of the order of authoriz-
alton of ths commission shall render
any bond. note or other evidence of In
dcbtedness. except as to a corporation
f.n r. noaa aakn fa the fof as
without actual notice.
70, 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
9ebtedness. in non-conformity with the
order of the commission authorizing the
same. or contrary to the provisions OF
this act. or OF the constitution OF this
tot nv VDh n rnl lao fhn nrn
from the sale thereof. or any part
thereof, to any purpose other than the
Commissions order. as herein provided.
or to any purpose specified in the
% SAID STae erer IN fo
such purposes. is subject to a penalty
OF not more than twenty thousand dol
(f) Every officer. agent or employee
of a public utility. and every other
rects. aids In Issuing or executes. or
causes to be issued or executed. any
stock or stock certificate. or bond. note
non-conformity with the order Of the
commission authorizing the same. or
or of the constitution of this State
or who. In any proceeding before the
commission, knowingly makes any
with Knowledge of Its falsitv files or
causes to be filed with the commission
nny false statement or representation.
which said statement or representation
no made. filed or caused to be filed NAV
mission to make an Order authorizing
the issue of Any stock OF stock certifi
cate. or any bond. note or other cyl
hence OF Indebtedness. or which results
In procuring from the compisNon the
making of any such order. or wASVo. with
sentation was made to the COM
mission. in any proceeding. tending in
any way "a, to-, to influenSe en the commission
rutes or negOtintes or cauAhS to be
issued. executed or negetiNed any
bond. note or other evidence of indebt-
edness. or who. directly or indirectly.
TO be applied the proceeds or any part
thereof. from the sale Of any stock or
evidence OF Indebtedness. to any pur
pose not specified in the commissions
order. or to hny purpose specified IN
smount authorized for such purpose,
or who. with knowledge that any
or oet Other HS Evidence of indebtedness om o has
eny of the provisions Of this act. nego-
tjated. shall be guilty of a felony. and
punished accordingly.
(gl No provision of this act. and no
deed or act done or performed under
or in connection N1crewith shall be
held or construed to oblisate the State
nicek .certsS!eete; q bond. note Or other
evidence of indebtedness. authorized.
Issued or executed under the provis-
ions OF this act
(hy All stocks and stock certificates.
md bonds. notes and other evidences
of Indebtedness Issued. bv any public
utility after this act takes effect. upon
the authority of any articles of incor-
poration or amendments thereto or.yote
Of the stockholders or. directors filed.
taken or had. or other proceedings
taken or had. previous to the talsinp
effect of this act. shnll be void unless
an order OF the commission authorizing
the issue of such stocks or stock GER
tificates. or bonds. notes or other evil
denocs 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 1t may deem reasonable and
necessary.
In Testimony Whereof have here
unto set my hand and affixed the
Great Seal OF the State Of Colorado,