CHAPTER 135. PUBLIC WORKS BOND OF CONTRACTOR. (S. B. No. 220, by Senator Eaton.) AN ACT TO PROVIDE FOR BONDS TO BE GIVEN BY ALL CONTRACTORS Be It Enacted by the General Assembly of the State of Colorado: Contractor bond. That hereafter any person or persons, company or companies, firm or firms, corporation or corporations, en- shall give tering into a contract with any county, city, town or school district for the construction of any public building or the prosecution or completion of any public work or for repairs upon any public building or public works, shall be required before commencing work to execute, in addition to all bonds that may now or hereafter be required of them, a penal bond with good and sufficient surety or sureties to be approved by the commissioner of improvements, boards of county commissioners of the counties, trustees of towns or district school boards, conditioned that such contractor or contractors shall at all times promptly make payments of all amounts lawfully due to all persons supplying or furnishing him or them or his or their sub-contractor or sub-contractors with Conditions of bond. labor or materials, or with labor and materials used or performed in the prosecution of the work provided for in such contract, and that they will indemnify and save harmless the said county, city, town or school district to the extent of any and all payments in connection with the carrying out of any such contracts which the said counties, cities, towns and school districts may be required to make under the law, sub-contractors, material men, mechanics and others, may have a right of action for amounts lawfully due them from the contractor or sub-contractor, directly against the principal and surety of such bond, such action for material furnished or labor rendered shall be brought within six months after the completion of the work and not afterwards. Approved: April 12, 1915. CHAPTER 136. REAL ESTATE BROKERS COMMISSIONS. (S. B. No. 24, by Senator Schermerhorn and Mr Horton.) AN ACT PRESCRIBING WHEN REAL ESTATE BROKERS MAY CLAIM Be It Enacted by the General Assembly of the State of Colorado: Broker commission entitled to Section 1. No real estate agent or broker shall be entitled to a commission for finding a purchaser who is ready, willing and able to complete the purchase of real when, estate as proposed by the owner, until the same is consummated or is defeated by the refusal or neglect of the owner to consummate the same as agreed upon. Sec. 2. No real estate agent or broker shall be entitled to a commission when a proposed purchaser fails or refuses to complete his contract of purchase because of defects in the title of the owner, unless such owner shall, within a reasonable time, have said defects corrected by legal proceedings or otherwise. Sec. 3. That such owner shall not be required to begin legal or other proceedings for the correction of such title, until such agent or broker secures from the proposed purchaser an enforceable contract in writing, binding him to complete the purchase whenever the defects in the title aforesaid are corrected. Sec. 4. All acts or parts of acts in conflict with the provisions of this act are hereby repealed. Approved: April 12, 1915. No commis sion if purcompleted of title. chase not on account When owner fect title. must per Repeal. CHAPTER 137. REVENUES ASSESSMENT ON LIVE STOCK. Live stock brought into state to feed taxable. Valuation for assessment. (H. B. No. 182, by Messrs. Nelson, West and McGrath.) AN ACT IN RELATION TO THE TAXATION OF LIVE STOCK IMPORTED Be It Enacted by the General Assembly of the State of Colorado: Section 1. That all live stock imported into the state and fattened on agricultural products, grown wholly or partially within the state, shall be valued for taxation. at such a proportion of their full cash value as the time they are within the state bears to a full year and shall be so assessed whether they are in the state upon the first day of April or not. Approved: April 10, 1915. CHAPTER 138. REVENUE ASSESSMENT-MINING PROPERTY. (H. B. No. 195, by Messrs. G. M. Taylor, Tonge, Mayer, Roberts, O'Rourke, Doyle, Sabin, Green, Crist, McNair, McDevitt, White and Du Praw.) AN ACT IN RELATION TO REVENUE, PROVIDING FOR THE ASSESSMENT Be It Enacted by the General Assembly of the State of Colorado: Assessment mines. Section 1. All mines and mining claims bearing gold, silver, lead, copper or other precious or valuable minerals of producing and possessory rights therein classified under the laws of this state as producing mines shall be assessed annually for the purposes of taxation as herein provided. Owner deliver assessor. a. Every person, or persons, corporations or association owning or operating any mines or mining claims statement to which shall be a producing mine, as defined in section 5618, Revised Statutes of Colorado, 1908, shall between the 1st and 15th days of January in each year, make out and deliver to the assessor of the county wherein such property is situate, a statement showing: First-The name of the mine or mining claim. thereof. Contents of statement. |