Sec. 6. The State Bank Commissioner shall have Supervision by bank and exercise in relation to every such state bank accept- commissioner. ing the benefits of this act each and all of the powers possessed by him in regard to trust companies, in addition to such powers as are now possessed by him in regard to banks. banks may trust de Sec. 7. Every National Bank, now or hereafter National carrying on business in this state, when authorized by establish special permit granted by the Federal Reserve Board, in partment. conformity with the provisions of an Act of Congress approved December 23, 1913, and known as the "Federal Reserve Act," shall possess, enjoy and exercise the following rights, privileges and powers and be authorized to act in the capacities of trustee, executor, administrator and registrar of stocks and bonds, and in such other fiduciary or trust capacities as may now or hereafter be permitted by the laws of the United States or by the rules or regulation of said Federal Reserve Board. Sec. 8. All acts and parts of acts, insofar as they Repeal. may be in conflict or inconsistent with the provisions of this act, are hereby repealed; Provided, however, That nothing in this act shall in any wise affect or abridge the powers of corporations now or hereafter organized under the laws of this state applicable to trust companies. Sec. 9. The immediate passage of this act is hereby Safety clause. determined and declared to be necessary for the preservation of the public peace, health and safety. Approved: April 12, 1915. CHAPTER 49. CAPITOL BUILDING CAPITOL BUILDING FUND. Tax levy for maintenance and support. Capitol building fund. Act repealed. (H. B. No. 553, by Mr. Green) AN ACT CONCERNING THE LEVY OF A TAX OF ONE-HALF OF ONE Be It Enacted by the General Assembly of the State of Colorado: Section 1. For the purpose of maintaining, supporting, improving, furnishing and refurnishing the Capitol and Colorado State Museum Buildings and grounds there shall be levied and assessed upon all taxable property within this state, both real and personal, in the years 1915 and 1916, and annually thereafter a tax of seven hundredths of one mill on each and every dollar of assessed valuation; said tax to be assessed and collected in the same manner and at the same time as is now or may hereafter be provided by law for the assessment and collection of other revenues, and when collected to be paid to the credit of the Capitol Building Fund to be disposed of as the General Assembly may direct. Sec. 2. The tax provided for in section 1 hereof shall be in lieu of tax provided for in section 471 of the Revised Statutes of 1908, which said section 471 is hereby repealed. Sec. 3. This act shall in no manner affect any taxes that have heretofore been levied under the authority of said section 471, Revised Statutes of Colorado, 1908, but all such taxes shall be collected and paid into the Capitol Building Fund in the same way and manner as if this act had not been passed. Act shall not affect exist ing levies. Sec. 4. All acts and parts of acts in conflict herewith Repeal. are hereby repealed. Approved: April 10, 1915. CHAPTER 50. CHATTEL MORTGAGES. Act amended. Form of acknowledgment by individual. By partnership. By corporation. (S. B. No. 21, by Senator Knauss.) AN ACT TO AMEND SECTIONS 2, 7 AND 9 OF CHAPTER XXIII OF Be It Enacted by the General Assembly of the State of Colorado: Section 1. That section 2 of Chapter XXIII of the Revised Statutes of Colorado, 1908, be amended so as to read as follows: Section 2. Any such mortgagor shall acknowledge such mortgage before some officer authorized to take the acknowledgement of deeds to real estate in this state. That said officer shall certify the same as follows: mortgagor." Or if a copartnership shall be the mortgagor, then said certification shall be as follows: "This mortgage was acknowledged before me this ship), mortgagor." Or if a corporation shall be the mortgagor, then said certification shall be as follows: "This mortgage was acknowledged before me this (president or other head officer) for (naming corporation), mortgagor." And such officer shall be entitled to the same fee as for the acknowledgment of any such deed. mortgage, filed, when. Section 2a. Every mortgage of personal property may Chattel be filed in the office of county clerk and recorder in the county where the said property is situated. When any such mortgage is filed, as aforesaid, it shall be the duty of the county clerk and recorder to enter the same in a book to be kept for that purpose, to be known as the Chattel Mortgage Record and he shall be entitled to charge a fee of twenty-five cents (25c) for the filing and indexing Filing fee. of said instrument, Provided, That where the property so acknowledged is located in two or more counties, a copy thereof shall be filed in the office of the clerk and recorder in each county where the property is situated. Filed, where. Sec. 2. That section 7 of Chapter XXIII of the Act amended. Revised Statutes of Colorado, 1908, shall be amended so as to read as follows: Section 7. That whenever a chattel mortgage shall hereafter be executed, the mortgagee, his agent or attorney, shall be allowed thirty days after the maturity of the debt secured by said chattel mortgage, or thirty (30) days after the expiration of the period to which such mortgage may be extended, in which to take possession of the mortgaged chattels, and such chattel mortgage shall, during such time, be good and valid, the same as if possession of such chattels had been taken upon maturity of the debt; and during said thirty days, or until possession is taken by the mortgagee, his agent or attorney, the mortgagor shall have the right to pay said debt, and upon payment the mortgagee shall be discharged the same as if said debt had been paid at maturity. Valid for 30 maturity. days after Right of mortgagor to pay. Sec. 3. That section 9 of Chapter XXIII of the Re- Act amended, vised Statutes of Colorado, 1908, shall be amended so as to read as follows: of mortgage, Section 9. The lien of any chattel mortgage given to Extension secure the payment of any indebtedness, which has been duly admitted to record as provided by law, may, at any time within thirty days after the maturity of the last installment of the indebtedness secured thereby, be extended for the unpaid portion of such indebtedness, by the mort- fled. Statement |