Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-27
MISCELLANEOUS ADVERTISEMENTS
AN ACT
AN ACT
To Provide for the Payment Of the
OutstaudinK Indebtedness Of the
Town of q old Hill, storey county.

The People of the State Of Necddd, rePre'eHtsd IN
Senats and Assembly, do enact as toAops
SECTION l. For the purposes hereinafter men
toned the Board of Trustees Of that incorporate
body known Us THE Inhabitants OF the Iawn OIL
Gold HILL" are hereby empowered and author
lied to levy and collect, during the year A. D.:
1850 eighteen hundred and si1ty-tve, upon all
the property within said town made taxable by
the laws of the State of Nevada further and
additional tax than is provided In the charter OF
said town, of fifty (5O) cents upon the one hun
dred dollars.
SIC. Q. The time and manner Of levying and
collecting said additional tax, shall be as provided
BY ordinance Of said Board.
SIC. 3. The revenue arising from said special
or additional tax shall be set aside rs Redemp'
tion Fund, and the said Board Of Trustees are
hereby empowered and required to Set apart nifty
per.cent of all other moneys now in, or hereafter
to come into the treasury OF said town (unul All
the outstanding Indebtedness of said town snail
be paid), which fifty per cent. shall become part
of said redemption fund, and shall be used e1clu'
siyely for the payment of the outstanding indebt'
ednesg of said town In the manner hereinafter
provided The remaining fifty per cent. may be
Iet apart and used for the payment Of the current
expenses of said town.
SEC. 1. No money shall be paid out of the said
redemption fund except by order of said Board OF
Trustees, and in the manner by them directed
And IL shall be lawful for the said Board OF Trus'
tees from time to time, whenever there shall be
sufficient sum in said redemption fund, TO give
notice BY publication in some newspaper in SAD
county of Storey, that sealed proposals directed
10 the President of said Board will bc received
for the surrender of 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.
SEC, s. After the expiration of the time named
in said notice, at meeting of said Board OF lrus
tees, such sealed proposals shall be opened, ana
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 Rectisn. NJ bid for more than par value
SLall be no 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 fthe same, the date,
number and amount thereof, and make record
thereof in the journal Of said Board; and such
warrants, bonds, or other legal evidences OF in'
tiebtednem shall be ordered paid, and the same
shall be Cancelled by writing in red ink across the
face of the same the words purchased anu Ke-
deemed" 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. Inc BIDS
specified in this act being equal, preference snail
be given to the smallest amount. That snail De
deemed the lowest bid which offers the largest
amount OF warrants, DOnubI vi othCi Ne" W.
dences Of Indebtedness, in par Vaiuer ior the
smallest amount Of money. The bids and amounts
of wsrrantl bonds, or other legal evidences oi
indebtedness being equal taking into conIders
tion both principal and Interest, aud sucE other
equities as may exist in the premises. each shall
be accepted, pro rata, ss nearly AS possible.
SEC G. All Illegal claims or rdemandswh"tsoever,
ouch rs bonds, warrants, interest coupons, and
other legal evidences of Indebtedness OF SAID Cor
pora,e body, existing or outstanding al the time
of the pnssage of this act. may be purchasa0le a!
herein provided from the redemption fund Of said
town. % onoe,.x
President of the Senate.
L. b, MOORE,
Secretary Of the Senate.
C. ". TOZER,
Speaker of the Assembly
U. ALLEN,
Clerk Of the Assembly.
Approved, March 9th, 1865.
HENRY G. BLASDEL, Governor.
STATE OF NEVADA, Department Of state, n.-
I,C, n. Noteware, Secretary of State do hereby
certify thatthe 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 9Th, 1863
and now on file in my Office.
, Witness my hand, and the Great sea-
}L.s. Of State hereto affixed. Done at Once
~. in Carson City, on this 18th day of March
A. ID. 1865. G. M NOIEWAhb,
mhI7 Secretary Of State.