Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1870-04-28

HcSkaA also keep . record Of bonds
5 dsss or ss's Dy a nss y
and name and post-office address Of pur-
chasers; and If exchanged, what evidence
Of Indebtedness were received therefor,
which record shall be open at all times to
inspection by the public. Whenever the
holder of any bond shall sell and transfer
/ It, the purchaser shall notify the Treasu-
rer, OF such purchase, giving at the same
time the number of the bond transferred
and his post office address, and every
such transfer shall be noted on the record.
Thc treasurer shall also report under
cath to the board, at each regular session
4 stAtement Of ali bonds sold or exchan-
i esd by him since preceding report and
1 tlfe date of such sale or exchange, and
iskfIen exchanged, a list or description of
i the N county indebtedness exchanged
therefor, and the amount % accrued
! interest received by him on sudA sale Or
texchange, which latter sum akNelhboe
Enlarged to him as moneysErec on
bond fund, and so entered BY MN A. bis
books.
Sec. 8. 1t shall be the duty oftlae board
of supervisors to cause to beN &e0esed
and levied each year, upon thA &xable
property of the county, in S2diti(E5to the
levy authorized for other Rurp6ses, a
sufficient sum to pay 8 tntd9ests on out
standing bonds accruil hefN The next
p Principal ai' That at q i the three
Years the sum raj \ fiVsaSsach levies
shall equal at least Vei1y per cent. of
the whole amount 4kbo&ds issued at
The end of Ave ysarstt(e$t forty per ct.
. Of the amount; n ~ Md before the
date of maturitWM De bonds, shall be
equal to thssShAe'e3 ount of principal
and interesthys 3hd tpney arising from
lsuch levies shan W Town as the bond
of bonds1pd lnte31st coupons, and for nc
other plHlesa whSlever; and the treasu-
rer slallpltn and keep i'm his books, q
sepaEate Vn2 special account thereof,
|, whifh SHE &a,l times show the exact
, con4i don Of sd bond fund.
Sci T. Whvlever the amount in the
hanA q De treasurer, belonging to the
bond tlh0 after setting aside the sum
requirs pay interest maturing before fore
0Hplore bonds, it shall be his duty to
notify the owner of such bond or bonds,
that te is prepared to pay the same, with
withsill interest accrued thereon, and II
y not presented for payment or redemption
hyitlhn thirty days after the date of such
Notice, the interest on such bond shall
c1ase. and the amount due thereon, shall
n I'D set aside for its payment whenever
ufAsented. All redemptions shall bo
halc in tho exact order Of their issuance,
beginning at the lowest or first number
AQ,fd the notice herein required shall be
TGirccted to the post office address of the
J owner as shown by the record kept in
the treasurer's office.
! IL. Sec. 5. If the board of supervisors Of
= AhH-eounty which has issued bonds un-
! der hke.provisions Of this act, shall fail te
, make NJ levy necessary to pay such
bonds, Oh interest coupons, at maturity
> and the slime shall have been presented
to the couTf " treasurer and the payment
: bond, together with all unpaid coupons
with the auditor Of state. taking his re-
ceipt therefor and the same shall be reg
istcred i'm TIE auditors Office; and il
shall then be She duty Of the census boaro
at their next&essiOn. as board ofcquai'
ization, snd Mt each annual equalization
: thereafter, TO add to the state tax To bt
levied in said county, sufficient rate tf
realize the amount OF principal or intercs
past due and to become due prior to Tho
next levy, and the same shall be leyico
and collected az a part Of the state tax
and paid into the state treasury, and pas
sed to the special credit of such county,
rs bond tax, and shall be paid by warran
as the payments mature, to the holder o
, such registered obligations as shown by
the register in the office of the state audi
. tor, until tho same shall he fully satisfied
and discharged any balance then re
naming, being passed to the general ac-
count and credit Of said county.
Sec. O. The provisions Of this act are
not intended and shall not be construed
to embrace the Indebtedness Of any coun
~ arising from bonds issued to aid IL
the construction of any railroad.
Sec. T. This act being deemed of i'm
mediate Importance, shall take effect from
: and after It's publication in the Iomd stat
Register and Ioun Homestead, news
!. papers published i'm Dies MOines, Iowa.
Approved March 80, 1870.
~ hereby certify that the foregoing Ac
! was published in the Ddiiy STATE Register
April /, and i'm the IOno Homestead
April -, 1870. -
Il Secretary OF State.