, 1889-12-12

dcbtcdness; provided that no bonds
shall be issued under the provisions of
this act to pay or fund any indebted
ness, except such as is represented by
the legally issued county. warrants and
orders of said county. Said bonds shall
be in denominations of not less than
800 nor moro than $1,000. They shall
bear the date of their issue, shall be
made payable to tho bearer in
not more than thirty years from tho
date of issue, and shall bear interest at
a rate of not more thar per cent per
annum, payable semi-annually with
coupons attached Tor each interest pay
mcnt The bonds and each coupon
shall be signed by the chairman of the
board of county commissioners. and
shall be attested t., by the clerk OF said
board, aud the seal of said board shall
be affixed to each bond, but not to tho
coupons. Said bonds shall be printed,
engraved or Autographed, on good bond
paper, and the bond shall state on its
face that IL Is issued in accordance and
In strict compliance with an act of the
legislature Of the state OF Washington,
entitled an act authorizing and EN-.
powering tho organized counties Of the
state to issue and dispose of bonds to
provide funds to pay outstanding M
lcbtcdncss and the payment oil the prir<,
cipgl and interest thereof
Approved on the - day of - lS-,
Inserting the date of the approval of this
act (And copy of this act shall be
printed on the back of each bond. Said
bond shall he payable anywhere in the
United Statcs.)
SEC. 2. SAID bonds may be exchanged
al not less than their par value for an
amount of the orders or warrants, funded
under the provision of section of this
act OF the county issuing them. Said
bonds may be sold by the county COM
missoners at not less than theirpar value
and the proceeds applied only to the pay
ment of such county indebtedness as was
contracted to the issue of said bonds.
SIC. 3. Ten years before said bonds
shall become due the county commis-
sioners of the county issuing thom arc
hereby authorized and required annually
10 levy q tax sufficient to liquidatc said
bonds at maturity. Such tax shall be
for the sole purpose of liqnidnting
said bonds in accordance with the fol-
lowing sections
SEc, 4. II shall be the duty of tho
treasurer OF any county issuing bonds
under the provisions of this act when
ever he has upon hand $1,000 OF the
special fund for the payment of said
bonds, to advertise in the newspaper
abDaNs tbo presentation reS tHa to p'his him for for!
payment of so much of the
bonds issued under the provisions of
the funds in his hands, to be paid in
numerical order of said bonds, begin-
ming at bond No. 1, until all such bonds
are paid; and provided that thirty days
after the first issuing OF the notice of the
treasurer calling i'll said bonds by their
number said bonds shall cease to bear
interest, which shall be stated in SAID
notice.
Sgc. 5. The coupons herenbefore
mentioned for the payment of interest
on said bonds shall be considered for all
purposes as warrants drawn upon the
general fund of the county issuing the
bonds under the provisions of this act;
and, when presented to the treasurer OF
the county issuing said bonds and no
funds are in tho treasury of said county
to pay said coupons, 1T shall be the duty
of the treasurer to endorse said coupons,
as presented, for payment, in the same
manner as county warrants are endorsed,
and thereafter the said coupons shall
bear interest at the same rate as the
county warrants presented and not paid.
SEC,6. The county treasurer shall be al
lowed commission of y per cent upon
par value OF said bonds for receiving and
disbursing the funds arising from the
sale or exchange of suid bonds, and the
commission herein provided for shall ID
in lieu of all other commissions allowed
him by the law.
SIC, Z. Before the Bonds are delivlp
sented to the county treasurer, who shall
register them in II book kept for that
purpose and known as "the bond regis
ter" in which register he shall enter the
number of each bond, its date of issue
and maturity, amount and rate of in
terest, and to whom and when payable.
SEC. &. Bonds issued under and con-
formable to this act may be negotiable.
TO PROTECT STOCKMEN.
Grubb's bill, which passed the house
this morning, is for the protection Of
stockmen. IL requires railroad compa-
nies to keep registry of all the stock
received for shipment, under penalty of
a. fine OF from $500 to $1,000. II is de-
ing. In Eastern Washington the stock
men arc constantly pestered by gang
who wander about the country picoing
up stray stock and driving them TO q
railroad station for shipment.
THE DETAILED REPORT.
OLYMPIA, WASH. Dec. 1T he roll was
called in the senate at / O'clock audi
showed bare quorum present.
Landes, under question of privilege, :
arose to say that rtimor had connected
him as stockholder in the State Print
ing and Publishing Company, and ac-
knowledged owning two shares of stock
III tiut Dut tilat IL ouo
thought that would influence his vote
they were very much mistaken.
Owings also denied being in any way,
shape or manner financially interested
in this printing business.
Rotch's house bill to change the name
of Seatco to Bucoda was read the first
and second time and referred to the
committee on municipal corporations.
Austin's bill, authorizing certain ofii-
GERS and persons TO solemnize marriage,
was reported back from the judiciary
committee with the recommendation
that 1t pass; passed.
INTRODUCTION OF BILLS.
BY Hunsaker- Authorizing and em-
powering organized counties of this
State to dispose OF bonds issued for in
ternal improvements; referred to the
committee on revenues and taxation.
The house joint memorial by Megler
In relation to the improvement of cer-
tain rivers in the state of Washington
was brought up, read the third tine and
passed.
HOUSE.
When the house met, Speaker Nighan
appointed McReayy, Brown (of Herce),
Candy, Randall and Hughes ,s the
house bill conference committee On the
salaries of employees.
Stevenson. Allen and Minis woe ap-
pointed as the house members u the
Joint committee to examine the tile of
the state university lands.
Clark offered AN amendment D the
rules that all bills shall be printed efore