Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-23
MISCELLANEOUS ADVERTISEMENTS
AN ACT
To Provide for the Payment OF the
Outstanding Indebtedness of the
Town of Gold Hill, Storey county.
The People of the State Of Nepdda. represented in
Senate and assembly, do enact as toLlOrs:

The People of the State of Nepdda. represented in
Senate and assembly, do enact as toLl0rs:
SECTION |. For the purposes hereinafter men.
toned the Board OfTrustees Of that incorporate
body known as 1.-The Inhabitants Of the Town OF
Gold Hill," are hereby empowered and author
iZed to levy and collect during the year A. D.
lS6sO eighteen hundred and sixty-hve, upon all
the property within said town made taxable by
the laws OF the State of Nevada. q further and
additional tax than IL provided In the charter Of
said town, of fifty (5O) cents upon the one hun
dred dollars.
SEC 4 The time and manner of levying and
collecting said additional tax, shall be provided
by ordinance Of sail Board
SEC. g. The revenue arising from said special
or additional tax shall be set aside as q Redenlp
tiOn Fund, and the said Board of Trustees are
hereby empowered aud required 10 Get apart fifty
per cent. of ali other moneys now in, or hereuftr
to come Into the treasury OF said town (until all
the outstanding indebtedness OF said town shall
be paid. which fifty per cent shall BECOME part
of said redemption 1und. and shall be used pxelu-
sivey ior the payment of the outstanding indrbt
edness Of said town in the mailfier. heFeinstItr
provided. The remaining Hfty per cent. may be
Aet apart md used for the payment OF the current
expenses of said town.
SEC 4. No money shall be paid ont Of the said
redemption fund except by order of said Board Of
Trustees and in the manner by them directed
And it shall be lawful for the said BORrd OF Trus-
tees from time to time, whenever th re shall be Il
sufficient sum in said redemption fund, to give
notice by publication in some newspaper in said
county of Storey, that sealed proposals directed
TO the President Of said Board, will b received,
for the surrender oftOwp warrants, bonds or other
legal evidences of Indebtedness. OF said town or
corporate body known as THE Inhabitants Of
the Town OF Gold HILL" and that such sealed pro
posals will be received unii! day in sald notice
stated.
SEC. S After the expiration of the time named
in said notice, at a meeting of said Board Of Trus
tees such sealed proposals shall be opened, and
said Board shall accept the lowest bids for the
surrender OF said warrants, bonds, or other legal
evidences OF Indebtedness, specified iu the .'rGce
ding sectien. NJ bid for more than par value
shall be 10 accepted. When any bids are accept.
ed the Clerk of the Board shall take description
OF the warrants bonds, other gal evidences OF
Indebtedness 10 be redeemed, specifying the
amount 10 be paid for each OF the same the date
number and amount thereof, and make record
tht reuf in the journal Of said Board; and such
warrantp bonds or other legal evidences Of in.
debtedness shall be ordered paid, and the same
shall be cancelled by writing in red lux across the
face OF the same the words Purchased and Re
deemetl" adding the date Of redemption and the
sum paid for the same; and the said sum shall
be paid out of the said redemption fund. Ihe bids
specified in this act being equal, preference SHAH
he given to the smallest amount. That shall be
deemed the lowest bid which offers the largest
amount of warrants, bonds, or other legal evil
dences of indebtedness, IN par value for the
smallest amount of money. The bids aud amounts
of warrants, bondS, or other legal evidences Of
indebtedness being equal, taking into considera
ton both principal and interest, and Ruch other
equities as may exist in the premises. each shail
be accepted, pro rata, "a nearly as possible.
SEC T. All legal claims or demands whatsoever,
such Rs bonds, warrants, interest coupons, and
other legal evidences of indebtedness of said Cor.
porate body, existing or outstanding at the time
of the passage of this act, may be purcharabIe ss
herein provided from the redemption fund Of said
town
President of the Senate.
L. d. MOORE,
Secretary Of the Senate.
C. W. .TOZER,
Speaker of the Assembly.
U. Z. ALLEN,
Clerk Of the AsSembly.
Approved, March 9th, 1865.
HENRY G. BLASDEL, Governor.
STATE OF NEVADA, Department OF state. H.-
C.N. Notewurr, Secretary Of State, do hereby
certify that :hp foregoing IL true full and correct
COPY of an Act Of the Legislature Of said State,
entitled IAN Act 10 provide for the payment OF
the outstanding indebtedness Of the Town OF Gold
Hi.i, Storey county" approved March 9Th, 1902
and now on fe in my office. ....,
<--~, Witness my hand, and the Great zeal
L S. Of State hereto. affixed. Done at ONCE
Nv in Carson City, on this 18th day OF March
A. u. 1865. c. NJ. NOTEWARE.
mhI7 Secretary of State.