The Elbert County tribune., 1914-10-23

- een.ent e ths senmissios. The
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psrnit whatsosvsr or the rixht 70 own.
psrmit. n szcs.s Of the the amount ess-
elusive OF any tax or annual eharRo)
& sAi sh!ass; ss.s .: or sS. * eos Ss
sideration for the grant Of such fran
ehise. permit or right
(c) The commission shall have the
power to require public utilities to ac-
count for the disposition OF the pro-
cesds of all sales Of stock and stock
sr svidsns:s or of indsSs.dDsss Sn % ana IN saeh osa
form and detail ~ Il may deem advis-
able; and to establish such rules and
and necessary to insure ths disposition
of such proceeds for the purpose or
Al ssoeR snd IN svsns sns Stock sssi o.r.f
eats. and every bond. note; or other
commission authorizing the same then
In effect shall be void. and likewise all
every. bond. note or other evidence OF
inde btedness. OF public utility. issued
sus noa e.: ss pro
L is rsaSlred az @ the ordsr eay oe .uthor hesn
shall be void: but no failure Ha' IN any
other respect to comply with the terms
f,co or eond,t,Sns Of the order Of suth0rI.-
any bond. note or other evidence OF In
or peraon taking the M q same otherwise 1 wise
than In Eood faith and for value and
without actual notice.
reetiy or indirsctiy. issuss or causes cause 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
stnt. wSies hs spnIss tss nfoessd: ol n
thereof. to any purpose other than the
commission's order. as herein provided.
or to any purpose specified in the
IN saa Sde erd. In of fs
Of not more than twenty Thousand dol
% Every officer. agent or employee
of public utility. and every other
person who knowingly authorizes. di-
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
contrary to the ,, prcyi.ions Of IN this s,s act
or who. in any proceeding before the
commission. knowingly makes any
fss m. or
causes to be filed witS tho commission
any false statement or representation.
so " mads. % filed or caused to Be- filed may
tend in any way to influence the COM
the Issue e Of any any stock or @ stock certifY.
dence of indebtsdnsss. or which results
In mr. trae< kA xxx.t -f~~ ~
making of any such order. or who. with
knowledge that any false statement or
mission. in any proceeding. tending in
any way to influence the commission
to make such an order. issues or exc
issued. executed or negotiated any
such stock or stock certificates. or
s sdnsss. nor or Who. ' direetiy " or indiree.ly. IN
knowingly applies. or causes or assists
to be applied the proceeds or any part
stock certificate. or bond. note or other
evidence of indebtedness. to any pur-
pose not specified in the commissions
order. or to any purpose specified In
tho commission's order in excess of the
amount authorized for such purpose.
stock or or stock certificate or bono note t
or other evidence of 1ndebtedness. has
of Ss Il
tiated. shall be guilty OF . felony. and
Ks No provision Or this act. and no
or in connection Herewith shall be
held or construed to obliKats the state
OF Colorado to pay or guarantee. In
stock certificate. or bond. note or other
evidence of indebtedness. authorized.
issued or executed under the provis-
ions of this act
(hl All stocks and stock certificates.
and bonds. notes and other evidences
Of indebtedness issued by any public
utility after this act takes effect upon
the authority of any articles of incor-
poratfon or amendments thereto or vote
Of the stockholders or directors filed.
taken or had. or other proceedings
taken or had. previous to the taking
effect of this act shall be void. unless
an order OF the commission authorizing
the issue OF such stocks or stock cer-
tfffcates, or bonds. notes or other evil
dences 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.
at the City of Denver. this twenty.
sixth day of September. A. d. 1914.
JAMES B. PEARCE.
(SeaD Secretary of State.