Salt River herald., 1879-02-26
PUBLIC HIGHWAYS .
The Kew Law for the Construc.
 tion of Certain Roads.

An act authorizing loan on the
 faith and credit of the territory,
 and to provide for the construction
 of certain wagon roads in the terri
 tory of Arizona:
 Be q enacted by the Legis'dtire Assem-
 by cf the Territory cf -1riz0HG:
 SECTION 1. That q loan of forty thousand dollars is hereby authorized to be negotiated on the faith and credit of the territory, to be paid at the expiration of fifteen years from the date thereof, and to bear interest at the rate of ten per cent. per ar mum.
 SEC. .. The treasurer of the terri tory is hereby authorized and direct ed, when required by either of the three boards of wagon road commits sioners hereinafter specified in this act, to issue bonds in sums of fifty, one hundred and two hundred and fifty dollars, payable in fifteen years from date, and not exceeding in the aggregate the sum of forty thousand dollars, in the following form, to-wit: :: Bond No... S....
 .day of. A. D. 1SI..
 Fifteen years after date the terri tory of Arizona promises to pay to the order of the governor of the terri tory. dollars, with interest at the rate of ten per cent. per annum, from date, payable annually at the treasury of the territory, for value received.
 =. Secretary of the Territory. ... Treasurer.
 SEC. 3. All such bonds shall be signed by the secretary, with his own proper name, afiixing his official character, and shall be authenticated with the great seal of the territory, and shall be indorsed by the governor of the territory, with his proper name, and affixing his official char acter, and shall then be delivered by the secretary to the treasurer of the territory, and the secretary shall keep a register of said bonds, showing the number and amount of each bond and shall charge the treasurer with the full amount of said bonds. At the time of issuing said bonds under the provisions of this act, the territo. rial treasurer shall sign a sufficient number of them with his own proper name, aflixing his official character which said signing shall bind the territory, and shall in the same man ncr sign the coupons thereunto at tachcd, as hereinafter provided. The coupons or certificates for the pay menl of interest shall be attached tC said bonds in such manner that they may be taken off without injuring ol mutilating the bonds, and shall bt severally numbered from one to fiji teen inclusive, each bearing the cor responding number of the bond tC which they are attached. The treas urer shall keep register of all bondi issued by him, and he deliver tc each of the boards of wagon roat commissioners the amounts of said bonds as hereinafter provided, to-wit To the board consisting of Ben. M Belcher and Joseph D. Drew, o Yavapai county, and W. D. Renter of Maricopa county, twenty thousand dollars; to the board consisting O Sidney R. DeLong, W. W. William and James A. Toole, of Pima county ten thousand dollars, and to the boar' consisting of M. L. Styles, A. H Hackney and Granville Wheat, o Pinal county, ten thousand dollars and said boards of commissioner shall dispose of said bonds in sucl manner as they may deem proper Provided, that no bonds shall be sol' or disposed of by them for less sun than eighty cents on the dollar.
 SEC. 4. The territorial treasure shall pay the interest on said bond when due, taking the coupons as hi vouchers therefor, and he may re tain in his hands for that purpose sufficient amount of money of tn territory.
 SEC. ,. The board of wagon roa' commissioners, consisting of Ben M Bclcher and Joseph Drew, of Yavapa county, and w. D. Renter, of Mari copa county, shall control and man , age the construction of wagon roa' from the town of Gillctt to the Tige mine in Yavapai county. The boar of wagon road commissioners, consi' ung of Sidney E. DeLong, W. W Williams and James A. Toole, c Pima county, shall control and mar age the construction of a wagon roa from Globe City in Pinal county, t' Tucson, in Pima county, and tn board of wagon road commissioner: consisting of NJ. II. Styles. A. I