Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-30
AN ACT
T0 Provide for the Payment Of the
Outstanding Indebtedness Of the
Town Of Geld Hill, BtOrey'c0nnty.

The People of the State Of Nerddd. represenfed IN
Senate and Assembly, do enact as JolloHs'
SECTION /. For the purposes hereinafter men.
toned, the Board of Trustees of that Incorporate
body known az 1.-THE Inhabitants Of tho Town Of
Gold Hill," are hereby empowered and author.
lied to levy and collect, during the year A. D.
Qs6a) eighteen hundred and sixty.hye, upon al
the property within said towp made taxable BY
the laws Of the State of Nevada. further and
additional tax than il provided in the charter OF
said town, Of fifty (5o) cents upon the one hum
dred dollars.
SEC. .. The time and manner Of levying and
collecting said additional tax, shall be as provided
by ordinance Of said Board. .-.. ...
SEC, g. The revenue arising from said special
or additional tax shall be set aside as a Redemp'
ton Fund, and the said Board Of Trustees are
hereby empowered and required 10 set apart hfty
per cent of all other moneys now In, or hereafter
to come into the treasury OF said town (tntil all
the outstanding indebtedness Of said town shall
be paitD which fifty per cent. shall become part
of said redemption fund. and shall be used exclu-
sively for the payment of the outstanding indebt'
edness of said town In the manner hereinafter
provided. The remaining fifty per cent may be
ket apart and used for the payment Of the current
expenses of said town.
SEC. 4 No money shall be paid ont Of the said
REDEEM ption fund except by order Of said Board Of
Trustees, and in the manner by them directed.
And it shall be lawful for the Sald Board Of IruS-
tees from time TO time, whenever there shall be q
Kut1clent sum III bulu TeueIuptOu luuut W eHe
notice by publication in some newspaper in said
county Of Storey, that sealed proposals directed
TO the President of said Board, will be- received,
for the surrender town 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 until day In said notice
stated.
SIC. S. After the expiration of the time named
In said notice. at 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 In the prece'
ding section. NJ 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 to be redeemed, specifying The
amount to be paid for each ofthe same, the date,
number and amoun thereof and make a record
thereof In the journal Of said Board and such
warrants, bonds, or other legal evidences Of In.
debtedness shall be ordered paid and the Same
shall be Cancelled by writing In red ink scross the
face of the same the words Purchased and Re.
deemed," adding the date Of redemption and the
sum paid for the same and the said sum shall
be paid ont Of the said redemption fund. The bids
specified in this act being equal preference shall
be given to the smallest amount. That thsll be
deemed the lowest bid which Offers the largest
amount of warrants, bonds, or other legal evi.
denees Of Indebtedness, In par value, for the
smallest amount Of money. The bids ana amounts
Of warrants bonds, or other legal evidences OF
Indebtedness being equal, taking into considerH-
tion both principal and interest, and such other
equities as may exist in the premises. each shall
be accepted, pro rata, as nearly as possible.
SEC. g. All legal claims or demands Whatsoever.
such as 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 purchasable a.
herein provided. from the redemption fund Of said
town. .. -.- --.
President Of the Senate.
L. b. MOORE,
Secretary Of the Senate.
C. w. T0ZER,
Speaker Of the Assembly.
U. z. ALLEN,
Clerk of the Assembly.
Approved, March 9th, 1865.
HENRY @. BLAsDEL, Governor.
STATE OF NEVADA. Department Of State. a.
l. G. n Noteware, Secretary Of State do hereby
certify that the foregoing is true. full and correct
copy of an Act Of the Legislature OF said STATE.
entitled An Act to provide for the payment OF
the outstanding indebtedness Of the Town OF Gold
Hill, Storey county" approved March sth' leoa'
and now on hle In my Office. .s,
~ Witness my hand, and the Great sea-
81 s. of State hereto affixed. Done at Once
- In Carson City, on this 18th day Of March,