Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-24
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 Ncpddd represented in
Senate and Assembly, do enact as toitOirs:
SECTION |. For the purposes hereinafter men-
TONED, the Board Of Trustees of that incorporate
body known rs The Inhabitants of the Town of
Gold Hill,' are hereby empowered and author
lied to levy and collect, during the year 4. u.
Qs6I) eighteen hundred and sixty five upon all
the property within said town made taxable by
the laws of the State of Nevada, Z further and
additional tax than is provided in the charter Of
said town, of fifty (5O) cents upon the one hun.
dred dollars.
SEC. J. The time and manner of levying and
collecting said additional tax, shall be provided
by ordinance Of said Board
SEC. 3. The revenue arising from said special
or additional tax shall be set aside Redemp
tion Fund, and the said Board Of Trustees are
hereby empowered and required to set apart fifty
per cent of all other moneys now in, or hereafter
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 fund and shall be used eXclu-
sively for the payment of the outstanding indebt
cdnrss of said town in the manner hereinafter
provided The remaining fifty per cent may he
set apart and used for the payment of the
CS prnscS of snid town.
FEC 4. No money shall BE- paid out of the said
redemption fund except by order Of SRid Board of
Trustees, and in the manner by them directed
And il shall be lawful for the said Board Of Trus-
sufficient sum in said redemption fund.- TO give
ao % Of fTSgh,i St6rST IL s9s in said
TO the President of said Board. will b. received.
for the surrender oftown warrants bonds or other
legal evidences of Indebtedness of said town or
corporate body known aS "Thc Inhabitants OF
the Town of Gold Hill," and thar such sealed pro
posals will be received until Il day i'll said notice
stated.
SEC, &. After the expiration of the time named
all nj IA nlpntino nf said RnaTl 0f Tru6
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 in the prece
ding section. No bid for more than par value
shall be so accepted. When any bids are accept
ed, the Clerk of the Board shall take description
of the warrants, bonds or other legal evidences OF
Indebtedness 10 he redeemed, specifying the
amount TO be paid for each ofthe same, the date,
number and amount thereof, and make record
thereof in the journal of said Board ana such
warrants, bonds, or other legal evidences OF In
dehtedness shall be ordered paid, and the same
shall be Cancelled by writing ia red ink across the
face of the same the words Purchased and Re
deemed" adding the date of redemption ana the
sum paid for the same and the said sum AnMl
be paid out Of the said redemption fund. The bids
specified in this act being equal, preference shall
be given to the smallest amount. That small be
deemed the lowest bid which offers the largest
amount of warrants, bonds, or other legal evil
dences of Indebtedness. in par value lor the
smallest amount of money. The bids and amounts
of warrants. bonds, or other legal evidences OF
indebtedness being equal, taking into considera
tinn both principal and interest, and SucL other
cuuitics as may exist in the premises. each shall
be accepted. pro rata, as nearly a. possible.
SEC & All legal claims or demands whatsoever,
such as bonds. warrants, interest cOulons' anu
other legal evidences of indebtedness of SAID cor
porate body, existing or outstanding at the time
Of the passage of tins act may be purchaHable as
herein provided. from the redemption fund OF said
town ~
President of the Senate.
L. g. MOORE.
Secretary of the Senate.
c. W. TOZER,
Speaker of the Assembly.
L. Z. ALLEN,
Clerk Of the Assembly.
Approved, March 9th, 1865
HENRY G. BLASDEL. Governor.
STATE OF NEVADA, Department Of state, a.
LCN Notcwarr, Secretary Of State, do hereby
certify that ;he foregoing il true, full and correct
copy of gn Act Of the Legislature OF sa,d State.
entitled An Act 10 provide for the payment OF
thc outstanding indebtedness Of the Town OF Gold
E Storey county, approved MhrGh 9ih. leo0'
and now on file in my office.
-r~, Witness my hand, and the Great zeal
L. ). Sof Statrhercto affixed Done at Orhce,
~ in Carson City, Oh this lith day Of March
A. u. 1863 &. NJ. NOTEWARE,
,,lI- Surrptprv of State