The Idaho Springs siftings-news., 1920-09-28

in provided. which snall ne handied q.
herein provided and otherwise in ac-
cordance with the provisions Of the
fo SIT and tn tf aw funds n
Said bonds shall be issued in denoni-
nations of one thousand dollars, five
hundred dollars. one hundred dollars
and fifty dollars. in such proportion
as the public demand therefor may re-
quire.
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 S-a: Following the adoption
Commission is hereby authorized to en-,
ter into contracts with any ra1lroad
each of said tunnei1. it's approaches
connections and equipment, for the
transportation of persons ana properly
Such contract or contracts shall pro-
vide for the payment to the State by
the railroad company or companies
using any Of said tunnels Of an amount
estimated by said Commission 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 "A; If any railroad com
make any of said tunnels available for
use by said company in the transporta-
tion of persons and property. shall re-
fuse to enter into such a contract TOR
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
by said railroad. to determine the
value of the use of said tunnel by SAID
railroad company and to make an NJ Or r.
use said tunnel on terms and conditions
to be prescribed in the order of said
Commission. and to enforce said order
in a suit in mandamus in the Supreme
Court of the State. The orders of the
Commission shall establish the legal
ply Herewith.
The said Commission shall also. al
least once in each year, after. public
railroad traffic as herein authorized.
All orders of said Commission shall be-
come final and binding at the end OF
unless an appeal. which is hereby au-
thorized. is prosecuted therefrom by
eny party in Interest to the
said appeal shall be promptly docketed
and heard by said Court.
by contract or by the orders of said
Commission for the use of any of said
tunnels.
Section 5-a: AS soon as practicable
after the sale of said bonds, the State
Railroad Commission shall publicly and
contemporaneously let, to the lowest
sfs bidder IT hs OPINION dn the Of
struction and equipment of said tun-
nels, which contracts. under. proper
approved by the said State Railroad
Commissio shall provide for the
n nfu aof icfa af IN
Commission for the construction of all
or any of said tunnels cannot be made
make contracts for the construction of
one or more of said tunnels, or for
parts of said tunnels. and to carry on
under its own direction such construc-
tion of all or any part of said work as
may be necessary and advisable; pro-
vided. however. that the construction
oraneously conducted. Any contract or
liability. attempted to be entered into
realized from the sale of said bonds
shall be void; In the letting OF. said
fers,a fontracts d and i in. In the purchase Ct ma
for the construction of said tunnels
preference shall be given to citizens Of
cable. to materials produced IN the
State of Colorado; and contracts made
by said Commission for the construc.
shall provide for such preferences in
the employment of labor and purchase
VI iudtciial-
Section ga: The State Railroad
Commission shall exercise general su-
pervision over the. issuance of said
ths ork of and aa
ment. and of their operation If neces-
sary. and shall appoint and commits.
Governor the appointees necessary to
the conduct Of said work. and in all re-
CARDS CARDS see to the protection Of the
pie of Colorado.
The funds arising from the sale OF
said bonds shall be divided and placed
arate funds to be known as The Mof.
fat Tunnel Fund. The Monarch Tunnel
Fund and The San Juan Tunnel Fund,
of the construction of each Of said tun-
nels as determined by said Commission
Of % said inves%tigation % % and the estimated s mated
size and cost of each of said tunnels.
with its approaches. equipment and
Commission to the State Treasurer. and
no part of any of said funds shall be
fof "a an fbs sc
approaches, equipment and connections,
paid.
struction of said tunnels shall be paid
and retired. the amount realized from
the use Of said ;, tYnnels shall be appFo,
the Improvement of conditions OF trans
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 ali 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
said Commission with the approval of
the Governor. shall be paid proportion
ateIy 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
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
shall be paid into the State Treasury
and shall be used only for the payment
he nd