Arizona weekly citizen., 1884-08-02


 On sEe lS d instant tsbGlated state- Il.ut v Pima courty's total indebted
 Less :.p -carna .n the Arizona CITIZEN as follows:
 oeuty vr-s-r;s tandIng------------Slulto Nlrr,s. tast,. 50uu .pr; l.psa- i. i.. bonds 'OuuO
 Total Sg5e.oCO
 The Arizora Mining Index, of the Zi.n, l- aU article headed "In Error, lu-luUate. that parties interested m c1uuis bunds have wiifUlly misstatel tH- actual indebtedness of tine county for some sinister motives of their own tLc Index states It as follows:
 N.-rsr,z Slui GD ou ioi.p- n- ----------------- 3sl'tb ~c-snul luu-r. ----------------- st,fb iu.trs hoL-". -.------------------- 'ahi"
 Total ----.....----- ssls.oO
 Now ts jhe lndex. SD far as warrants and court house bonds, has the same ligurcS as tLa CITIZEN, l shall leave them out of ths controversy. As to the Marrow Gauge bonds. of which thera -ecms 70 be difference between the CrrIzL, and Index statements of SlJp,- uJu. 4 my friends of the Index will refer GO rae law autborIZlng the Beard of Su- peEylSors to .-sUe suii bonds to the Mar roN Gauge facts and resolutions of l>-}, page 63i they will find III sec uoi . oi sud ac. that the treasurer !, Culy authorized to issue to the corporation fifty thousand dollars at
 first. and that only upon the corpora ton making So deed of trust Ot all their iIop, rty to two trustees, and depOsltlng E like amount Of bonds of tue corpora tluu. bearing a like interest, with .he County Treasurer. Thereafter they can u-t uu more bonds until five niles shall nave been graded, lald with ties aud iron, and U.ou proof thereof and de posting aCaIu a like amount of corpora tian bonds; bearing a like interest, k
 lt county treasurer authorized to issue --pUlO more oi the county bonds. As tine Narrow Gauge people acknowledge themselves unable to proceed further with the construction Of said road, and have voluntarily offered to surrender ir-t fifty thousand gwen them by the county, upon the county reImbursing them for some Uutlay-:here ls DO dOult the hundred and fifty thousand more will never ho Issned.
 As the Port LObUs railroad bonds, ! ihey seem to have been issued under Hu
 Act authorizing the Board of Super yl-orS uf Pima county to pledge the credit Of the county to assist pnblic en- .eruTise, lsee acts and resolutions 1889, %. l7Jt Section of that act makes II inc duty oi the Board at the time of grauiing the bonds, tO exact from the l corporation, person or company about To receive said ald, such guarantee for ,he faithful carrying out of the
 saii enterprise within such reason ,ule tune as they lthe BOardl shall deem proper. The Board did exact a guarantee from the corporation m the shaps of bond. Said bond IS | signed by very responsible citizens of l Pima county. who are now scared out of | their wits for fear of having to repay | tue value 0t bonds issued by the county | to the Port LoboS corporation winch, l | an informed, has collapsed From this | it would seem the county will have tO l Issue no more bonds to Port LobOS rail- road. and are even secured for the | fifty thousand counted m the CITIZEN ss
 a liability.
 A Co the thirty-seven thousand of ! Schocli bonds which the Index sets I down as Inability against the county,
 it they will uniy examine the statute i authorizing the issuance of forty | thousand dollars Cf school bonds, they vii. ind that Y k an obligation of school district No 1 of Pima county, ,snd not of the county at large.
 From the above 1t wodld seem that | the Index k m error and not the CITI- zTN. Truly yours,
 D. HENDERSON