The Elk Mountain pilot., 1920-10-07


in provided. which shall be handled a.
cordance with the provisions of the
Constitution. and the laws of Colorado
for the handling of state funds.
Said bonds shall be issued in denomi-
nations Of one thousand dollars, five
hundred dollars, one hundred dollars
snd hs ssy pybe IL
These bonds shall be exempt from all
in ccnd1ctin1 % the sale Il said Sonds. %
said Commission shall make public Ad-
tse ssses a in .ns S Of
Colorado to purchase said bonds.
Of sssso. sS. s sss .s: Il:
ter into contracts with. any railroad
each Of said tunnels. its approaches.
connections and equipment. for the
transportation of persons and property
the railroad company or companies
% estmated g By s said eass commission Is a to be
sufficient to pay the interest upon the
bonds issued to build such tunnel. for
the proper maintenance of said tunnel.
and to create a sinking fund sufficient
to discharge the principal of said bonds
at their maturity.
Section 4-a; II any railroad COM
make any of said tunnels available for
use by said company in the transporta-
fuse to enter into such a contract for
the use of said tunnel then said Com.
notice. to hold 4 public Judicial hear
use Of said tunnel would decrease the
transportation of persons and property
by said railroad; to determine the
value l,le. Of the use Of 1 said tunnel by said
der requiring said railroad company to
use said tunnel on terms and conditions
commission. an and to enforee aas eo said order d
in e suit In mandamus In the Supreme
Court Of the State. The s,,o orders Of the
duty of any railroad company to COM
ply Herewith.
The said Commission shall also at
least once In each year. after public
said tunnel for purposes other than
railroad traffic as herein authorized.
Come cor final and binding sS.0d at the e end of Of
thirty (30) days after their rendition
unless an appeal. which is hereby au-
any party in Interest to the Supreme
Court of the State of Colorado. which
said appeal shall be promptly docketed
by contract or by the orders of said
Commission for the use Of any of said
Section s-a: As soon as practicable
after the sale of said bonds. the State
Railroad Commission shall publicly and
and best bidder in the opinion of said
Commission. contracts for the. con-
nels. which contracts. under proper
sppIoyed bs the ssid stats esnf Saii1osd i1 %
prompt construction Of said tunnels. In
case CONTRACTS satisfactory to said
then said Commission Is authorised to
make contracts for the construction of
parts of said tunnels. and to carry on on
under its own direction such construc-
tion Of all or any part of said work as
vided. however. that the construction
of the three tunnels shall be contemp-
Hrshnis;1ysiy conducted Any contrsct 9I
or created. in excess/ Of the amount
realized from the sale of said bonds.
contracts. and in the purchase of ma
terials. and In the employment Of labor
for the construction of said tunnels,
the United States and. so far as practi-
cable. to materials produced In the
By said commission FOR the con construc-
:Ssil provide for for such such p pr.isrence. SER "'ns in
Of material.
Section s-a: The State Railroad
Commission shall exercise general SUI
bond.. the % Work n Of snanSs conssrSct,nx :sid id
msnt. and OF their operation II nsces- %
sion. subject to the approval of the
Governor. the appointees necessary to
the conduct Of said work. and in all re-
rights and interests therein Of the Peo-
pie of Colorado.
The funds arising from the sale of
by the State Treasurer in three sep
fst Tunnel Fund. The Monarch Tunnel
in the proportion of the estimated cost
Of the construction Of each of said tun-
asr fa y ild 2Ss
Of said investigation and the estimated
size and cost of each of said tunnels
connections. shall be certified BY said
Commission to the State Treasurer. and
no part of any of said funds shall be
used for any purpose other than the
payment of the cost of such tunnel, its
approaches. equipment and connections
paid.
After the bonds issued for the con-
struction of said tunnels shall be paid
end retired. the amount realized from
the use of said tunnels shall he apprc-
prfated by the State Legislature for
the Improvement Of conditions o! trans
portation in the State of Colorado.
Section la: The cost of the work
and materials for the construction and
equipment of each Of said tunnels shall
be paid out of the fund apportioned
therefor, upon warrants drawn thereon
BY the Chairman and Secretary of said
gineer OF said Commission and the
State Auditing Board; and warrants
for the payment of all other expenses
Incident to the work of said Commits
sion. including the salaries of the mem
bers of said Commission as the same
may be fixed by an act of the General
Assembly. and the salaries of all ap-
pointees and employees of said Com
mission as the same may be fixed by
the Governor. shall be paid proportion
ately out of said three funds, on war
rants signed by the Chairman and Sec
retary of said Commission and ap-
proved by the State Auditing Board.
Interest upon bonds issued to build