Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-03-08

same, will not be needed for the payment
Of the future interest to accrue within the
next succeeding six months, the Board of
Commissioner of said county, after having
ascertained the amount Of said surplus,
shall insert an advertisement in at least one
newspaper published or circulated in said
county, and il one be published therein,
then in such paper for a period Of not less
than two weeks, stating the amount Of
money on hand to be applied to the pur-
chase of said bonds, and inviting sealed
proposals to surrender the same, to be
made and filed with the Clerk Of said Board
on or before a day certain therein
named. At the next meeting after
said day. the Board Of Commissioners
shall open such sealed proposals as shall
have been duly filed. and to the extent Of
the mount named. shall purchase the
bonds so offered, giving the preference in
all cases to the bidder who shall offer 10
said bonds at the lowest price !;
provided, that 40 offer shall be accepted
for more than the par value Of said bonds;
and If no offer be made to surrender any
such bonds, then the Board of Commits
sioners Of said county shall Immediately
publish in such newspaper aforesaid notice
Of such fact, coupled with a notification to
whomsoever may be the holder or owner Of
the aforesaid bonds Of said county (that
such bonds, or a portion thereof, COM
mencing with the first numbers thereof,
which numbers shall be specified in such
published notification will cease to bear
after two weeks from the first pub
Of said notice. After two weeks
as herein indicated, the bonds,
{ha ~rr.Louc - -L:o1 cha11 La ~~o.x-y- =
in such notice, shall cease to bear
thereafter remain as q special deposit, SUBJ
ject to the surrender Of the bonds afore-
said, and be paid to the person so surren-
said bonds.
Sec. 10. Whenever said railroad COM
pany shall tender, or cause TO be rendered,
to either or each of said counties, or to the
Chairman of their or either Of their Boards
OF County Commissioners, or offer to sur
render any Of the bonds of said county
issued in pursuance Of this Act, then
and thereupon said Board may or may
not, as the best interests Of said county
may seem to warrant, surrender and trans
Ter to said company the stock Of said COM
pany issued to said county in pursuance
hereof, equal in amount to the bonds of
said county so surrendered to it by said
company, and said bonds shall be consid-
cred paid by said surrender thereof, and
shall be cancelled by the Clerk of said
and said company is hereby au-
thorized to take and receive such stock so
by said county, and to hold
the same as the property of said county.
Sec. Is. The respective Boards Of Coun-
ty Commissioners of said Eureka, White
Pine and Lincoln Counties for and on be-
half Of said counties, shall receive all Of
dividends, issues and profits arising
such subscriptions to said capital
stock, and shall set apart and transfer the
same to the said "Railroad Interest and
Funds" herein provided for, to be
to the interest on the bonds issued
Is herein provided, and the redemption of
The principal thereof in the manner pro-
in this Act, and after the full pay
nent Of said bonds and the interest there
On, the said dividends, issues and profits
from such subscriptions shall be
as follows, to wit One-half there
If to the School Fund of said county. and
he other half to the General Fund thereof.
SEC. IA. No Chinese or Mongolians shall
be employed by the said Eureka & Col
River Railroad Company, either di-
or indirectly in the construction Of
he railroad in this Act mentioned. The
aid Eureka q Colorado River Railroad
Company shall forfeit and forever be de-
barred the right to demand the bonds of
The several counties in this Act provided
ior in case OF any violation OF the require
nents of this section in respect to the en-
oloyment Of Chinese or M~ongolians.
Sec. Is. Each of the counties of
White Pine and Lincoln, by their
respective Boards of County Commission
srs, shall have the right to select one mem
Der Of the Board of Directors Of the Eu-
reka & Colorado River Railroad Company,
its assigns, to represent the interests of
said several counties in the capital stock of
said corporation or its assigns. The inter-
ests of said several counties in said capital
stock shall never be in any manner encum-
bered by said corporation. its assigns or
Board OF Directors. Said Board Of County
Commissioners Of said respective counties
from selling, negotiating or in any manner
disposing Of said stock issued to said coun-
ties by said corporation for any sum less
than the par value of said stock.
Sec. Is. The bonds provided for in this
to be issued to said Eureka & Colo
RADIO River Railroad Company by the
County Commissioners of Eureka county,
shall only be issued upon the conditions
hereinbefore mentioned and, provided
that said bonds Of Eureka county
shall not be issued by the Board Of County
Commissioners Of said county unless o
praying for the issuance Of said
bonds, signed by . majority Of the quail
fed electors Of said Eureka county, and
representing not less than a majority Of
the taxable property Of said Eureka coun-
ty, shall first be presented to said Board OF
County Commissioners. Said majority Of
qualified electors shall be determined by
said Board by comparing said petition with
the number Of qualified electors appearing
upon the list of registered voters OF said
for the year 1880, snd said majority
Of taxable property shall be determined by
said Board by comparing said petition with
the assessment roll Of said county for the
fiscal year A. D. 1880. The commences OF
the signatures appearing on said petition
shall be attested by the affidavit Of q tax
qualified elector or electors Of said
Eureka county, that said signatures to
said petition are genuine and signed in his
or their presence.
SEC. II. The faith Of the State Of Ne
vada is hereby solemnly pledged that this
Act shall never be repealed or modified as
in any way to impair the security Of those
who shall hold or purchase any Of the bonds
herein provided for.
Approved March q, 1881.
PETITIONS OF TAXPAYERS In