, 1884-03-27

per annum on each dollar of their face, the rate of interest
to be determined by said board of directors; said bonds
shall be numbered from one upwards, and before being
issued shall be registered by the county treasurer of said
Uinta county.
SEC. 4. The county treasurer of said Uinta county
shall keep a book in which shall be registered all of such
bonds, showing the number of the bond, the date of issue,
to whom issued, amount, numbers of coupons, date of
redemption, date of registry, and payment of interest,
which book shall, during business hours, be open to in
spection.
SEC. 5. Ali bonds issued by virtue of this act shall be
signed by the director of the board of said district, coun-
tersigned by the county treasurer of said Uinta county.
and attested by the clerk of said district, with the seal of
said district attached, which shall be provided for such
purpose, and other purposes provided by law, and no
bonds shall be sold for less than the par value, and shall
not be sold until thirty days notice shall have been given
in some newspaper of general circulation in the Territory
of Wyoming.
Sec. 6. Said bonds shall have coupons attached, rep
resenting the interest to be paid each year, and the coupons
representing the interest shall be detached from the bond
before presentation for payment of the interest for the
year corresponding, and shall be forthwith cancelled by
the county treasurer by writing the word Cancelled
across the face thereof, and the interest on all bonds shall
be payable at the county treasury of Uinta county, and
may be payable annually or semi-annually as the board
of directors may deem advisable.
SEC. Z. There shall annually be levied by the board of
county commissioners of said Uinta county, on all taxable
property within the limits of said school district, a tax not
to exceed six mills on the dollar of valuation, which tax
shall be known ass the school house bond fund of school
district No. 6, and said tax shall be payable in gold or
silver coin or in United States treasury notes or national
bank notes, and shall be used to pay interest or principal
of said bonds, and for no other purpose, and said tax shall
be collected IN the same manner as county taxes, and paid
into the county treasury by the collector of taxes.
SEC. 8. The said board of directors shall, each year
after the first, retire as many of said bonds as can be re-
deemed with the amount of said school house bond fund
at the time in the hands of the county treasurer. In all
cases said bonds shall be redeemed by the payment of
number one first, and proceeding consecutively upwards
with those outstanding. All bonds when redeemed shall
Immediately be cancelled by the county treasurer in such
manner as said board of directors may direct.
SEC. 8. All taxable property of said school district, as
1t now stands, is hereby pledged to the payment of the
principal and interest of said bonds, in the manner herein
provided, and it shall not be lawful to use or divert any
portion of said school house bond fund for any purpose
whatever except the payment of said principal and in
terest.
SEC. 10. The said board of directors shall negotiate
the sale OF said bonds, but the county treasurer of said
Uinta county shall have the custody of all funds realized
from such sale, and shall pay the same out on the written
order of said board of directors, or a - majority thereof,
taking the receipt in every case of the person in whose
favor said order is drawn, which order and receipt shall
be his voucher for money SO paid out; and it shall be the
duty of said board of directors of said school district to
exact of said county treasurer a separate bond, to be made
to school district No. g., in Uinta county, in Wyoming
Territory, in such sum as they may deem proper, with
two or more sufficient sureties, conditioned for the faith
full performance of the duties required of him by this
act, and the faithful accounting for the moneys deposited
with him and realized from the sale of bonds, as herein
provided for, and such treasurer's bond shall be and re-
main in the custody of said board of directors.
SEC. IL. The county treasurer shall receive such com
pensation for receiving and disbursing the funds realized
from the sale of bonds as may be allowed to him by such
board OF directors, not to exceed two per centum on each
dollar actually received and disbursed upon the order or
orders of such board of directors, but he shall receive no
commission on any sum or sums turned over by him to
his successor in office.
Sec. II. This act shall take effect and be in force from
and after its passage.
Approved March 9th, 1854.
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