, 1884-03-20

ment of interest, which book shall be open for the inspec-
ton of any and all persons during business hours.
SEC. 9. Said bonds shall have coupons attached, rep
resenting the interest to be paid, and shall be paid by
the county treasurer upon presentation at or after matur-
ity, in the manner hereinafter provided, and shall be
cancelled by him by stamping and writing the word /" can
celled " across the face of said coupon. Said coupon,
when presented for payment, shall be detached from the
bond.
SEC. 10. There shall be annually levied by the board
of county commissioners of said county, on all the taxa
BILE property therein, an assessment not to exceed two (2)
mills on the dollar of valuation, which tax shall be known
as the GO county bond tax, and said tax shall be collected
in the same manner as other county taxes and paid into
the county treasury by the collector of taxes.
SEC. IL. The county bond tax of johnson county
shall be used to pay interest and principal of the county
bonds and for no other purpose.
SEC. II. The board of county commissioners shall each
year after the second year retire at least one-tenth 1-1O)
of the bonds, beginning with number one and proceed
ing consecutively upwards, by paying the interest and
principal due and cancelling the same, and when there
is a surplus of five hundred $500 dollars or more in the
general fund of the county, the board of county commits
sioners are hereby authorized and empowered to trans
fer the same to the county bond tax fund - and apply
the same to the redemption of the bonds authorized to
be issued by this act or to purchase bonds in open market
with the same.
SEC. 10. The interest and principal of said bonds
shall be payable at the county treasurer's office of said
county on the first and ten succeeding days of January
in each year Sundays ~excepted), and if, after the pay
ment of interest on said bonds, any surplus remains in
the county bond fund it shall forthwith be applied to the
redemption of the bonds in the order and manner here
inbefore specified.
SEC. IA. 1t shall be the duty of the county treasurer,
under the direction of the board of county commission
ers, to notify the holders of the bonds to be redeemed by
advertisement in some newspaper published in said
county for two consecutive weeks, or by personal notice,
that the bonds, giving the number and to whom issued,
will be paid upon presentation thereof to the county
treasurer.
SEC. Is. If said bonds are not presented within twenty
(20) days from such personal notice, or the completion of
the advertisement, they shall fail to draw interest there
after, and the surplus fund may be used to retire other
bonds than those advertised or noticed and Immediately
in the order succeeding, and the bonds advertised or
noticed for payment need not be paid until the next year.
SEC. 16. All taxable property of said johnson county
is hereby pledged to the payment of the principal and
interest of said bonds, in the manner herein prescribed,
and it shall not be lawful to use or divert any portion of
the county bond tax for any purpose whatever except the
payment of the principal and interest of said bonds, in
the manner herein prescribed, until the whole of said
bonds are redeemed.
SEC. II. The bonds and coupons herein authorized
shall be prepared by and under the direction of the board
of county commissioners, and the said board of county
commissioners shall have authority and they are hereby
authorized to negotiate q sale of said bonds for cash on
the most advantageous terms they can for the county,
but not at a greater rate of discount than ten per cent.
of the par value of the same, and the money received
by the sale of said bonds shall be used in payment for
the site of said court house and jail and for the con-
struction and the furnishing of material for the said court
house and jail and furniture for said buildings, and for
the Improvement of the grounds.
SEC. Is. The county treasurer shall have the custody
of the funds realized from the sale of said bonds until
the same is drawn out and by order of the board of
county commissioners, and he shall be entitled to two
() per cent. commission for the safe keeping and account
ing TOR the same: ITOCtded, mat SAID county treasurer
shall not be entitled to any commission on any funds
turned over to his successor in Office.
SEC. 10. 1t shall be the duty Of the board of county
commissioners to exact of the county treasurer a sep.
arate bond in such sum as they may deem proper, in
behalf of the people of johnson county, for the faithful
accounting of the money deposited with him as such
"county bond fund tax +" and realized from the sale of
the bonds herein provided.
Sec. 20. All the expenses of preparing plans and
specifications, advertising proposals and engraving such
bonds and coupons, negotiating and sale of said bonds
and treasurer's commission shall be paid out of the county
general fund, upon the order of the board of county com
missioners.
SEC. 81. Nothing in any act relating to county reve-
nue., or in any other act now in force, shall be construed
to interfere with or impede the provisions of this act.
SEC. %. That in case the board of county commits
sioners of johnson county shall determine to purchase
or procure a site for said court house and Jail and not to
use any site for that purpose now owned by the county,
then and in that case said board are hereby authorized
and empowered to sell the present site of the court house
and Jail in said county, and the improvements thereon,
to the highest bidder for cash, said sale to be on said
premises, after giving public notice thereof in a news
paper published in said johnson county, for a period not
less than two weeks, which notice shall specify the day
and hour when said sale shall take place, and all pro-
ceeds derived from such sale shall be paid into the county
treasurer, and shall constitute a part of the fund created
by this act, and shall be used only for the purposes con-
templated by this act.
SEC. %. This act shall take effect and be in force from
and after its passage.
Approved March 5, 1884.