The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1875-01-02
THE TELEGRAPH1C BILL.
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INTRODUCED BY a,n. ANDERSON.

| INTRODUCED BY Nn. ANDERSON.
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| 8 nse.d ..s;H ILL., AN ACTr.oa,4f ss;.st s..
TO Alp IN THE CONSTR UcrIoN OF TELEGRAPIl
| LINES IN IDAHO TERRITORY.
BE IT enacted Jy the aLegis7dtire 'AssemLly
of the1Iwyitory of Idaho, as Jollo,cs: disnoqs
| SECTION, /. That for the purpose of aiding
| 10 the construction of line of telegraph from
Silver City in Owyhee county, to Boiae City
in Ada county. thence to Placerviile Or Quartz
burg, via Idaho City, in the county Of Boise,
and from Idaho City in Boise county, to Rocky
Bar, in Alturas county, Idaho Territory. there
shall be issued in favor Of tile "Nevhda and
Northern Telegraph Company" intcrest-bear-
ing bonds of the Territory of Idaho, to .tba
amount, of SlQQ Gone hundred dollars per mile
for each and every mile constructed). and op
Grated on the most direct and feasible route
from said Silver City to Boise City, thence to
Placerville or Qnartzhurg via Idaho City, and
from said Idaho City to Rocky Bar. and that it
is hereby contracted and agreed by this Legs
lativ. Assembly. and for the faithful perform
ancs of which tho faith and credit Of this Ter
ritory is hereby, pledged that this Territory
will pay in the bonds Of the Territory herein
after provided to be issued to the "Nevada and
Northern Telegraph Co." n corporation duly in
corporated under the laws of the State of Cali.
foruia, at the rate Of one hundred dollars per
mile for each and every mile of Telegraph line
constructed and operated between the above
.;a,ncd points. The said bonds shall bear iu-
.erest at the rate OF ten per cent. per annum,
payable seni-annually, at the bank of Cali
fornia. in San Francisco. on the first Monday
of January and July Of each year; md the
principle thereof shall not be due until the
period of fifteen years from tho date OF issue; |;
bat the Territory reserves the right to retro
at any time there may be funds IN the Terri.
torial Treasury f"r that purpose. ANY part or
the whole amount of bonds herein provided to
be issued, by their their payment or purchase
as hereinafter provided. "'" -
SRC 2 The said bonds shall be fuf the de.
Illumination of one thousand dollars each. with
thirty interest coupons thereto attached. which
coupons shalic rn;ite the holder to the inter
est due on the corresponding bond. for the six
months preceding its presentation on the first
MnndayiH. January July. ms provided in section
one: Prorl9ed. that in estimating the amount OF
bonds 10 br issnea arcordin. tn the number Of
miles in each division ot snid Telegraph line
ms provided in section three If there be frac.
ton ri one thousand dollars found due, one
bond for said fractional part oi one thousand
dollars. shall be issued with n corresponding
numbpr of iterest coupons attached
SEC. 3 The said Telegraph line shall be
divided into three divisions. the first division
~ embrace that portion of the line between
Silver City ard Boise City The second diris-
ion. that portion between Boise City and Plac.
cerville or Quartsburg; aud the third division.
that portion between Idaho City and Rocky
Bar. IN Idahn Territory.
SEC, 4 Whenever the first division Of said
Telegraph line shall be completed. and in npcr.
aii,n,. and upon the filing in the Office Of the
Territorial Treasurer the certificate oi n Com
missioner 10 be appointed by the Territorial
Governor for that purpose, which appointment
is hereby authorizcd-that the said division has
been fully completed, and is 10 actual operation,
and also stating the exact length in miles. or
fraction thereof of said division il shall be the
duty Of the Territorial Treasurer to sign and
execute the said bonds in the name Of the Ter
ritory for the number of miles actually con-
structed and in operation. and to deliver said
bonds to said Nevada and Northern Telegraph
Company. or its authorized agent. taking said
Company's receipt therefor. and whenever the
sccond and third divisions respectively, Of said
line shall be certified by said Com.
missioner. to be fully completed and in opera
ton, the Territorial Treasurer shall issue and
deliver ,as above set forth. the amount OF
bonds found due.
SEC s. When requested by said Company,
the Territorial Treasurer shall prepare suit
able blink form of bond, with coupons attached
in nooordance with the provisions of this, act,
and furnish the same to said Company. and the
said Company, shall have printed at its own
expense, the required number Of blank bonds
following the blank copy furnished, and deliver
them to the Territorial Treasurer. and the
Treasurer is prohibited from issuing any Of the
bonds until tho appointed blank bonds shall
have been furnished him BY said Nevada and
Telegraph Company ut itsi own ex.
SEC. 6. There shall be set aside from the
funds in tho Territorial Treasury a sun, suiIi-
cient to pay the interest on all bonds issued in
with this act andit Is hereby lnade |
the, duty Of the Territorial Treasurer, in ,ap-
portioning the moneys in the Treasury. to first
apportion and SET inside from all moneys In the
Territorial Treasury an amount sufficient to |
pay the interest on all bonds that may be issued
luder this act, said money TO be kept in a sep
nrate fund to be known as Che "Telegraphl
Bond Interest Fund" and which shall be used
only in paying the interest TO- become duo on
such bonds, and which fund shall exist until the
said bonds are all redeemed or paid.
: SEc."7.' III order to feinbdfsU the Terrific
rial Treasury, the County Comtnssiohers Of the
cOenties Of Ada. B0iseAnd. Altuuas are hereby
required. in addition 70 NIL other taxes, to levy
q tax Of, one mill on The dollar valuation Of all
rehl Ind personal property assessed in their
respective COUNTIES, in th.s yehr eighteen hunA
red and tseventy-6re, and Annually therealtsrl
until aud including the year eighteen hundred
and ciUftv-nilc which t0x shall be levied md