Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-25
MISCELLANEOUS ADVERTISEMENTS
AN AC-
To Provide for the Payment OF the
OutstnndinR Indebtedness Of the
Town of Gold Hill, storey county.
The People of the STATE Of Nerddd. represented Il
Senate aud Assembly, do enact as follows:

The People of the STATE of Neradd. represented tn
Senate aud Assembly. do enact as t0tLons:
SECTION /. For the purposes hereinafter men,
toned, the Board of Trustees of that incorporate
body known THE Inhabitants OF the Iown OF
Gold HILL" are hereby empowered and author
lied to levy and collect, during the year A. d.
1860 eighteen hundred and sixty five, upon all
the property within said town 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 l50) cents upon the one hun
dred dollars. o..
SEC. .. The time and manner of levyiug and
collecting said additional tax shall be as provided
by ordinance of saift Board.
SEC & The revenue arising from said special
or additional tax shall be set aside AZ Il Redemp
ton Fund and the said Board of Trustees are
hereby empowered and required to set apart 1tty
Der 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 rXclu.
,ive!y for the payment of the outstanding indebt
edneSs of said town in the manner hereinafter
provided. The remaining fifty per cent. may be
set apart and used for the payment of the current
expenses of said town.
SEC l. No money shall be paid out OF the said
redemption fund except by order of said Board oil
Trustees and in the manner by them directed
And it shall be lawful for the said Board of Irns-
tees from time TO time, whenever there shall be
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 Uftowr warrants, bonds or other
lrpal 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 a day in said notice
stated.
SEC. S After the expiration of the time named
in said notice, at a meeting of said Board of Frus
tees such sealed proposals shall be opened, ana
said Board shall accept the lowest bids ior me
surrender of said warrants bonds, or other legal
evidences of Indebtedness, specified in the prece
dug 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 a description
of the warrants, bonds or other gal evidences OF
indebtedness TO be redeemed specifying the
amount TO be paid for each of the 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
debtednGss shall be ordered paid, and the same
shall be Cancelled by writing in red ink across the
face of the same the words Purchased and ke'
deemed" adding the date OF redemption ana tne
sum paid for the same and the said sum shall
be paid out of the said redemption fund. The bids
specified in this act being equal, preference snall
lie given to the smallest amount That shail De
deemed the lowest bid which offers the largest
amount of warrauts bonds, or other legal evil
dences of Indebtedness, IN par NaIue, Inr tue
smallest amount of money. The bids and amounts
of warrants, bonds, other legal evidences OF
indebtedness being equal, taking into considera-
ton both principal and interest. and such other
equities as may exist in the premises eaeh snail
be accepted. pro rata, as nearly as possible.
SEC. 6. Alllegal 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 pussage of this act, may be purchasable as
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.
L. Z. ALLEN,
Clerk of the Assembly.
Approved, March 9th, 1865.
HENRY G. BLASDEL, Governor.
STATE OF NEVADA, Department of state. ss.-
&c. \. 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 9Th, 1862
and now on file in my office.
-~o, Witness my hand, and the Great Seal
st. 8, of State hereto affixed Done at Office
t~-.> in Carson City, on this 18th day OF March,
A. D. 1865. c. NJ NOTEWARE,
mhI7 Secretary of State.