Gilpin observer., 1920-10-07

Constitution and the laws Of Colorado
Said bonds shall be issued in denomi-
nations Of one thousand dollars, five
nundred dollars. one hundred dollars
quire.
These bonds shall be exempt from all
state. county. and municipal taxes; and
IN conducting the sale of said bonds
said Commission shall make public ad-
ybertisement Yer stafe t, thereof in newspapers Of
Colorado Sort,dn to purchase said bonds;
Of this amendment. the State RAILROAD
Commission is hereby authorized to en-
Ier INTO contracts, with any railroad
each OF said tunnels its approaches.
connections and equipment, for the
TRANSFORMATION of persons and property.
SUCH contract or contracts shall pro-
vide Tor the payment to the State by
the railroad company or. companies
estimated by said Commission to be
sufficient to pay the interest upon the
bonds issued to build such tunnel. for
and to create a sinking fund sufficient
to discharge the principal of said bonds
at'their maturity.
pany. whose lines are so situated as to
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 for
the use of said tunnel. then said Com
mission Is hereby authorized. after due
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
value of the use of said tunnel by said
der requiring said railroad company to
use said tunnel on terms and conditions
to be prescribed in the order of said
W ,tcut tnV tn nnf NrI,
in a suit in mandamus in the Supreme
Court of the State. The orders of the
Commission shall establish the legal
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 final and binding at the end of
thirty (30) days after their rendition
unless an appeal, which Is hereby au-
party 10 se ny
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.
after the sale of said bonds, the State
Railroad Commission shall publicly and
e01%temborrai39esSrs let to the
commission, Com a contracts '0n for the e' eonl sa1e
nels. which contracts, under proper
safeguards guaranteed by bonds to be
approved by the said State Railroad
Commission. shall provide for, the
prompt construction Of said tunnels. In
Commission for the construction of all
or any Of said tunnels cannot be made.
then said Commission Is authorized to
al n
one or more of said tunnels. or for
parts of said tunnels, and to carry on
ton 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
or created. in excess of the amount
shall be void. In the letting af said
contracts. and in the purchase of ma-
for the construction, of said tunnels:
| preference shall be given to citizens of
the United States and. so far as practi-
cable. to materials produced in the
State of Colorado: and contracts made
by said Commission for the construc-
shall provide for for such sue preferenees FER eei in
the employment OF labor and purchas Sc
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
the conduct of said work. and in ali re-
CARDS see to the protection of the
rights and interests therein of the Peo-
pie of Colorado.
| said bonds shall be divided and placed
by the. State Treasurer in three sep
| fat Tunnel Fund, The Monarch Tunnel
| Fund and The San Juan Tunnel Fund
| in the proportion of the estimated cost
of the construction of each of said tun-
| nels as determined by said Commission
! after full investigation. The result
| of said Investigation and the estimated
| size and cost of each of said tunnels
with it's approaches. equipment and
| connections. shall be certified by said
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
| until the cost Of such tunnel is fully
paid.
| struction of said tunnels shall be paid
| and retired. the amount realized from
the use Of Of said tSnnels shall be apprrc.
the Improvement of conditions os 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-.
| eineer 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
| said Commission with the approval oil
the Governor. shall be paid proportion
| ately out of said three funds. on war
.ants signed by the Chairman and Sec
retary OF said Commission and APP
proved by the State Auditing Board.
| Interest upon bonds issued to build
| said tunnels accruing during the pc.
riod of their construction shall be oc-
| counted as part of the cost OF the con.
| struction.
Section s-a: All revenue Of any kind