The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1877-03-25
WEEKLY Elx9 IloEpEqo:lT.
eUNOAY. sIAIlcII Is ls.1.
An Ilnperiunt I.a.v.

Hiuch needed improvement, VIC pnbllSl
below the full text Of tho hill rnactct
l!y the last LcG:s!rtrrc ior Iho fspecin
fnrthcrarcc Of that object:
An Act 10 authorize the School Trustee!
Of School District SO, l, in the Coun
~ OF Elko, State of Nevada, to Issue
bonds fpr The purpose OF providing
~, additional scAoo! buildings for said
school district.
YHe people gr he StGie @ NteGda repre-
Seated ~ Sendfe agd -is.emIiy do enact
GSIoYorH &.5. an
SEcTIoS |. The Board of. Trustees
pr Sc!tool District No. |, il bsing the
tPyn Of EIko. in tho County Of Elko,
Hin,e Of Nevada, ore 4e:sGy authorized,
pnder III" proyisions Of this Act, 10 is
que bonds bearing i:.terest pot exceed
ing ten iol per cent per nnnnm, for n
sum not .eICrT.liuy ten thousand dollars
in United States gold coin. none of
which said bonds shall run for period
longer than ten LiUl years from tho
date thereof. t' p.
SIC: 2. SAID bonds fhrll be issued
for Sums not less than one hunLred dol.
lars encE, in goIl coin,. and shall be
4. payable a. bearer, and the interest
thereon shall be payable scmi-annually,
aml coupons for each installlgcEi of
guch interest, shall he attached to each
OF said bonls.
sEe. 5. The rrincipal OF said bonds
shnll be payable to tho amount of ono
thousand l1liRrs each year, commcuc-
ing with The aqIo Of the issuance there
: Of. T., Co..
SEC. 1. Tue Bonld Of Trustees OF
said sGlQol District nre hereby author
lied. when in their iulgRspt il may DO
advisable To build or purcbnao Gne or
moro school houses for said district, in
addition TO the one now i'll uee, to call
r. school meeting for tho purpose of
providing nleqHs therefor. Such meet
ing shall befqllcd i'll tho manner pro.
Yidea by lay, for calling meetings for
, the purpose Of raising money for SINH
lnr purposes III school districts. and II o
majority of the persons in said district,
qualified TO vote at said meeting, shall
vote TO curry out tho Recommendation
81 said Board Of Trustees, then the
Rpid Donrd shall proceed to issue tho
bonds hereiR proyided fer. qnd to dis
al q,
chose and furnish, the school house or
houses provided for in this Act.
SEo. g.. Tie bonds and coupons
horrln provided for, shall DO signed by
!tho Chairman end Clerk of said Board
Of Trustees, and coprtersigncd by the
County Treasurer Of said Elko county,
State Of NeyaqG.
sEq. 9. ~ moneys received from
fine sale of said bonds shall 10 paid in
70 the county treasury, and tho County
Treasurer is hereby required to receive
and safely keep the same in o fund to
"a 10 kpoSn ms the "Elko School District
+, No: Kand,' and: TO pay out sqid money
9nly on warrants signed ly tho Chair.
:, :, mon and Clerl; OF said Board of Trus
tees, aud duly allowed by tho BOARD OF
County Commissioners Of gGiJ Elko
county. The County Treasurer shall
be liaLlo on his official bond for the safo
keeping OF sail moneys. which shnly
come into his bands, and for the faith
full discharge gi his auIigs in relation
thereto.
sKc. 2: For tho purpose Of provid
ing for tho payment Of tho bonds here
by authorized 20 DO isauod, tho Bonrt
of County Commissioners Of Elkc
CopnlE, u hereby authorized and 70
qulrea, ut tho fine Of tho annual Low,
at iRycs for State and County purposes
faF tho ycar 1877; nnd nnV,nlly lhero
Hftrr. TO lcvy upon all tho taxable pro
pprty OF said School District No. /, o
Elko County, MI nmouNt not exceeding
pno per cent. np"p zach ono hundred
COLLARS CT nll property subject TO taxa
ton nccordipg 10 law, md it's valuo n
aRscsset, sufficient TO pay tho interes
nud principal Of tho bonds issued uu
der tho provisions Of this Act, whicl
will become due during the next cns,t
ing year. The tqzcg so leyicd shall b.
assessed md collected as other take
nro assessed Gpd loYicd, md shall u
paid into tho Cprnty Treasury md 80
apnrtns u fund which is hereby created
70 hc known no tho g lilkq School Dis
trict No. Fund" and tho money II
snid fund shgll 10 paid out by tn
County Treasurer, In payment Of tn
interest on tne bonds aforesaid. MS tn
same bpppmcs duo, mid upon tho pre-
sentnlioH Of coupons therefor, and upoi
tho presentation nnd surrender Of sal
bonds when the samo becomes duo.
SEo. 8. TO provide for the pnymcn
OF tho FIRST instalment of interest upo
tho bonds issued under tho provision
OF this Act, tn" board Of County Com
Inissionors OF l$lko Comfy, Ia hCrcl,
authorized and required I its last reg
iilnr meeting Eoforo said interest MI
principal will becomo duo, in case lhcr
w not apnieicnt money III said I. Elk
School District No. Fund " to pa
paid Interest and principal, 10 direct Il,
County TregsDrpr 70 gct apart from In
General Fund Of the County Treasury
TO Bnil q E:iko Sclonl Diuitiot No