, 1884-03-27
AUCTION!

of registry and payment of interest, which book shall,
during business hours, be open to inspection.
SEC. 6. That all bonds issued by virtue of this act
shall be signed by the director of the board of directors
of said school district, countersigned by the county treas
urer of said county and attested by the clerk of said
school district, with the seal of said district attached,
which said seal shall be provided for such purpose and
other district purposes provided by law, and none of said
bonds shall be sold for less than their face value, and
shall not be sold until thirty days notice shall have been
gwen IN some newspaper of general circulation in the
of Wyoming.
SEC. 7. That said bonds shall have coupons attached,
representing the interest to be paid each year, and the
coupons representing said interest shall be detached from
the bonds before presentation for payment of the interest
for the year corresponding, and upon payment, shall be
forthwith cancelled by the county treasurer by writing
the word g cancelled " across the face thereof. The inter
est on all bonds shall be payable at the county treasury
of said Uinta county.
SEC. 8. There shall be annually levied by the board
of county commissioners of Uinta county en all taxable
property within the limits of said school district, a tax
not to exceed seven mills on the dollar of valuation,
which shall be known as the {" school house bond fund of
school district No. ~ Said tax shall be payable in lawful
money of the United States, and shall be used to pay in
terest and principal of said bonds, and for no other pur-
pose and said tax shall be collected in the same manner
and at the same time as the county taxes, and paid into
the county treasury by the collector of taxes.
SEC. 9. The said board of directors shall, each year
after the fifth, retire as many of said bonds as can be
redeemed with the amount of said school house bond
fund at the time in the hands of the county treasurer,
and in all cases such bonds shall be redeemed by the
payment OF number one hrst, and proceeding consecu-
lively upwards with those outstanding. All cancelled
bonds shall be turned over to the board of directors at
such times as they may direct.
SEC. 10. That all taxable property of said school dis
trict, as it 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 pur-
pose whatever, except the payment of said principal and
interest.
SEC. II. That the county treasurer of Uinta county
shall have the custody of all funds realized from the sale
of such bonds, and shall pay the same out upon the writ
ten order of said committee appointed in section two of
this act, signed by its chairman, attested by its clerk,
taking the receipt in all cases of the person in whose
favor said order is drawn, which order and receipt shall
be his voucher for moneys so paid. 1t shall be the duty
of the board of directors of said school district to exact
of-the county treasurer a separate bond to be made to
school district No. l, of Uinta county, Territory of
Wyoming, in such sums and with such sureties as they
may deem proper and sufficient, conditioned for the faith
full performance of the duties required of said treasurer
by this act, and the faithful accounting for the moneys
depositedTwith him and realized from the sale of bonds
as herein provided for, and such treasurer's separate
bond shall be and remain in the custody Of said board
of directors.
SEC. II. That the county treasurer shall receive such
compensation for receiving and disbursing the funds
realized from the sale of the bonds as may be allowed by
the said board of directors, not to exceed two per centum
on each dollar actually received and disbursed by him
upon the order or orders of said committee. But he
shall not receive any compensation on any sum or sums
turned over by him to his successor in office.
SEC. 10. That before entering upon their duties, each
member of said committee shall enter into a bond of five
dollars, with two or more good and sufficient
sureties, for the faithful performance of the duties
required of him as such committeeman, which bond shall
run to school district No. 1, of Uinta county, Wyoming
and shall be approved by and filed with the
board of directors of said district, and said committee
shall report their doings in the premises to said board of
at the regular meetings of said board, or at
such special meetings as said board may appoint for that
purpose.
SEC. IA. That an act of the Legislative Assembly of
Wyoming Territory, entitled " An Act authorizing the
building of a school house in school district No. l, in the
county of Uinta, in the Territory of Wyoming" approved
February %, 1882, being chapter 90 of the Session Laws
of 1882, be and the same is hereby repealed.
SEC. 10. This act shall take effect and be in force from
after its passage and approval.
Approved January 31st, 1884.