Salt River herald., 1879-02-15

Attached as hereinafter provided! a e The coupons or ccrtific ates for the payments of the interest. shall be at tachcl to said bonds in such manner li.ai they may bc taken of wiihou; iniur;ng or mriilaiing the honG, aud-shalI .eyclally number from Co 10, inclusive, cach bearing the coE.cs4 bonding number of Inc bond to which it is attached
 The treasurer shall keep register of all the bonds issued by him, and shall deliver to the board of school trustees, all the bonds or such part thereof, as the said board ot trustees shall require under the provisions of this act, or upon the order rof the said board Of trustees shall convert the said bonds into money.
 Upon receiving the written oIicr of said boari of trustees, the cotNty treasnrer. shall thercupon advertise for proposals for the purchase of said bonds. and at the time and place des- iyna,ed shall open the bids and award the sale of the bonds to the highest bidder, provided, that no bonds shall be sold for a less sum than S.. cents on the dollar; and the orders of said board on the treasurer for eillier bonds or money accruing from the sale, thereof, shall be valid and sufficient vouchers in the hands of tie treasurer. for said bonds or inc money arising from the sale of llc same,
 Il shall.bc left to inc discretion of the board of school trustees to cause the bonds to be sold as herein pro- vided, or to negotiate the sale of the same atprivate sale, or to pay for the erection of the school house building with the bonds. as to them shall seem most advisable
 SEC. !. The county treasurer shall pay the interest on said bonds when due, takingllhe coupons as his .vouch, CT therefor, out of the fund hereinafter provided for that purpose.
 Ii the bonds are converted into money as herein provided, by the county treasurer, the saidmoney shall be subject to the order of tht board of trustees, for the purpose of carrying out the provisions of this act
 e The e'said monies or bonds herein provided foE ,lrall not be used for any other purpose or purposes than. those in this act specified. ...s
 Proyided: that the necessary cx- pensc for printing the bonds for ad. vertising and negotiating the sale of the bonds and plans and specified tions for the building, shall he paid out of the fund created by this act.
 SIC. 8. The county assessor of the sai.l county of Maricopa at the times of making tlic annual assessments of property in the county, and in the same manner, shall ascertain the per sons and taxable property in said school district No. 1, and he shall make like return of such assessments 10 the clerk of the board of supcryis- ors as in thc case of tl1c. county assess mcn,s, and like action shall be had in cqualizinG such assessments and the collection of such taxes, as in tiIv case of the county tax.
 SEC. g. The board of supervisors of Iaricopa county shall annually, at the time of levying other taxes, levy a special tax on the taxable property in school district No. 1, in said coun. ty, sufficient 10 pay the interest on the principal of tho bunds authorized to be issued by section of this act, to- gcther with the amount of the treas urcr's fees on such amount. whi:h fees that sad treasurer shall bc en- titletl to receive for collecting the same shall bc ,one-half the amount al- lowed him by law for collecting other taxes, which tax shall be added to the county tax, and collected in the same mnhncr, and paid into the county treasury as a special fund for tho pay meut of the interest on the bonds Of school district No. 1, as aforesaid.
 SEC. 10. The board of supervisors of the county of Maricopa shall an nually, after the expiration of five years after issuing the bonds hereto fore provided for,-at the time of lev ying other taxes, levy special tax ou the taxable property in school district No. 1, in said coun.y, sufficient to pay. besides the interest, as provided for in the proceeding section, twenty per cent. of the principa of the bonds authorized to be issued by section 1, of this act, together with the amonnt of tic treasurer's fees on such snm which tax shall be added 10 the coun- ty tax and collected in the same man. ncr as paid into inc county treasury as special fund for the payment of the bonds of school district No1, as aforesaid, when the ~same shall be- come due. F1s
 SEC. II. The county treasurer, as.