The Shasta courier., 1858-04-03
An Act

To authorize the Board of Supervisors of Shasta
County to levy special tax, and create a
Redemption Fund" for the payment of coun-
ty indebtedness
The people Of the State Of California, represented
IN Senate and assembly, do enact as follotcs:
SECTION l. The Board of Supervisors for the
county of Shasta shall have power, and it is
hereby made their duty to levy a special tax
nually, in addition to other taxes provided for
by law, upon the taxable property of the said
county, of not more than one-half of one per
cent, and said tax shall be collected at the
same time and in like manner as other taxes are
collected in said county.
SEC T. The tax provided for in the first sec
ton of this act, together with one-half of all
monies received into the County Treasury for
county purposes from the sale of Foreign Mi
ners' Licenses shall be set aside and be kept as
q special fund, 10 be called Redemption
Fund" and shall be held aud disbursed as is
hereinafter provided.
SEC. 3. 1t shall be the duty of the County
Treasurer to give thirty days notice, by publi-
cation in some newspaper published at the
county seat that sealed proposals directed to
him for the surrender of county warrants will
be received by him up to the last day of the
session of each regular meeting Of the Board of
Supervisors.
ing of the Board of Supervisors, they, together
with the County Auditor and Treasurer, shall at
tend at the Office of the latter and then and
there open all proposals, and accept the lowest
bids for the surrender of county warrants. Pro
rided that no bid for than the par value of
said warrants or any bid unless accompanied
by the warrants proposed to be surrendered
shall be accepted.
SEC. 8. When any bids are accepted, the
/ T.
take description of the number and amount of
warrants to be redeemed, specifying the amount
TO be paid for each warrant, and make several
record thereof in their respective offices, and
thereupon the Board of Supervisors shall make
order directing the County Treasurer TO pur-
chase the warrants designated in the accepted
bids, and pay for the same out of the Redemp-
ton Fund, and the warrants so redeemed shall
be cancelled other redeemed county warrants,
except that the County Treasurer shall write on
the face of said warrants purchased, and the
amount paid for the same, and shall sign his
name thereto. The order of the Board of Su-
pervisors, directing the County Treasurer to
purchase said warrants, together with the record
made by the County Auditor, shall be sufficient
vouchers for the County Treasurer in the settle
ment of his accounts. The bids being equal, the
preference shall be given to the smallest amount
of warrants. The bids and amount of warrants
being equal, each shall be accepted pro rata, or
as nearly so possible. The County Treasurer
shall return the unaccepted bids, together with
the warrants therein contained to the owners on
demand.
SEC. 6. The County Treasurer shall keep a
separate account, under the head of 81 Redenp-
tion Fund of all moneys received from the
sources specified in the first and second sections
of this act, and the said moneys shall never be
used or mixed with other funds
SEC. I. 1t is hereby made the duty of the
Board of Supervisors of said county, to order
TO be paid into the Fund created by this act Ito
be held and disbursed as therein provided) all
moneys that shall be received into the Treasury
for the year A. ID. 1853, in accordance with the
levy of tax made by the Board of Supervisors
in said year, by authority of ''An Act to pro-
vide for the payment of the Indebtedness of the
County of Shasta, contracted prior to the first
day of May, A. d. 1857"
SEC. s. An Act "a to provide for the payment
of the Indebtedness of the County of Shasta
contracted prior to the first day of May, A. D.
1857" approved March 3lst, 1857, and all other
acts or parts of acts In conflict with the provis-
ions of this act are hereby repealed