The Idaho Springs siftings-news., 1920-10-05
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herein provided and otherwise in ac-
cordance with the provisions Of the
for the handling of state funds.
Said bonds shall be issued in denomi-
nations, OF one Thousand dollars, five
and fifty, dollars, in such proportion
as the public demand therefor may re-
quirc.
state. county, and municipal taxes; and
In conducting the sale of said bonds.
said Commission shall make public ad-.
the State of Colorado. and fun oppor-
tunity shall be given to the People of
Colorado to purchase said bonds.
Section 3-a: Following the adoption
of this amendment. the State Railroad
Commission is hereby authorized to en-
company or ,companles for the use of
each of said tunnels. its approaches.
connections and equipment. for the
transportation of persons and property
Such contract or contracts shall pro-
vide for the, payment to the state by
usfn 1nf av az sad e9pany Of m
estimated by said Commission to be
sufficient to pay tie interest upon the
the proper maintenance of said tunnel,
and to create a sinking fund sufficient
to discharge the principal of said bonds
at their maturity.
Section IA: If any railroad com.
pany. whose lines are SO situated as to
make any of said tunnels available for
tion of persons and property, shall re-
fuse to enter into such contract for
the use of said tunnel, then said Com
mission Is hereby authorized. after due
notice, to hold public judicial hear
ing for investigating as to whether the
use of said tunnel would decrease the
dangers, delays and expense of the
transportation of persons and property
by said railroad; to determine the
railroad company. and to make an or
der requiring said railroad company to
use said tunnel on terms and conditions
Commission, and to enforce said order
in suit in mandamus in the supreme
Commission Shall establish the legal
duty of any railroad company to com
ply Herewith.
The said Commission shall also al
hearns Fix the eaeh eharge or the use
said tunnel for purposes other than
railroad traffic as. herein. authorized.
come final and binding at the end OF
thirty (30) days after their rendition
unless an appeal. which Is hereby au- ~
Court Of the. State Of Colorado. which
said appeal shall be promptly docketed
No monopoly shall be granted either
by contract or by the orders of said
tunnels.
Section 5-a: AS soon as practicable
after the sale of said bonds. the State
contemporaneously let. to the lowest
and best bidder in the opinion of said
Commiission contracts for the con
nels, which contracts, under proper
safeguards guaranteed by bonds to be
approved by the the said rs,as STATE Eailr4ad
prompt construction Of said tunnels. In
case contracts satisfactory. to said
Commission for the construction of all
of said tunnels cannot be made
then said Commission is authorized to
make contracts for the construction of
one or more of said tunnels. or for
parts of said tunnels, and to carry on
under it's own direction such construc-
may be necessary and advisable; pro-
vided. however. that the construction
of the three tunnels. shall be contemp-
oraneously conducted Any contract or
liability attempted to be entered into
or created, in excess of the amount
realized from the sale of said bonds
shall be void. In the letting of said
contracts. and in the purchase of ma
terials. and in the employment of labor
preference shall be given to citizens Of
the United States and so far as practi-
Sfate az colorado and eontracts IN ma ade de
by said Commission for the construc.
tion of all or any part of said tunnels
the employment of labor and purchase
of material.
Section Ga: The State Railroad
pervision over the issuance of SAID
bonds, the work of constructing said
tunnels, their connections and equip
ment, and of their operation if neces-
sary, and shall appoint and commits
sion. subject to the approval of the
Governor, the appointees necessary to
the conduct of said work, and in all re-
CARDS see to the protection of the
rights and interests therein of the Peo-
pie of Colorado.
The funds arising from the sale OF
said bonds shall be divided and placed
by the State Treasurer in three sep
at sa FIND to The as
Fund and The San Juan Tunnel Fund,
in the proportion of the estimated cost
nels as determined by said Commission
after a full investigation. The result
of said Investigation and the estimated d
with its approaches, equipment and
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
until the cost of such tunnel is fully
paid.
After the bonds issued for the con-
struction of said tunnels shall be paid
and retired, the amount realized from
the use of said tunnels shall he apprc-
priated by the State Lgeag9islature for for
portation in the State of Colorado.
Section Ia: 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
Commission and approved by the En-
gineer Of said Commission and the
state Auditing Board; and warrants
for the payment of all other expens S
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
said Commission with the, approval Of
tile Governor, shall be paid proportion
ateIv out of said three funds. war
rants signed by the Chairman and Sec
rotary of said Commission and ap-
proved by the State Auditing Board.
Interest upon bonds issued to build
said tunnels accruing during the Pc
riod of their construction shall be ac-
counted as part of the cost of the con-
struction.
Section S-a: All revenue of any kind
arising from the use Of said tunnels
and shall be used only for the payment