Tombstone daily prospector., 1890-08-05

[ missioneTs, which bond shall 5e approved bV thc Governor and deposited and flied wiih the Secretary of the Territory snd re- corded by him ia book to De kept for that pui pose. And the said treasurer shall stand | casTged upon his official bond fer the faith l ful performance of the daties required of him under this act Par. s1sl See z The Territorial treas urer hall sell sad bonds for cash CT ex change thcm for any of inc indebtedness, ] for the redemption Uf which they were sO issued, but in no case shall said bonds be sold or exchanged for less than their face or par value and tCe accrued interest al the time of disposal nor must any indebtedness 1 be redeemed at more than it's face value and any interest that msy be due thereon That said treasurer shall indocse by writing or stamcing in ink, on tte face of inc paper eyideucinS the indebtedness re- ceiyed by him in eNchsnge for said bonds, | the time when and the amount for which ex- changed. Par, 2046. Sec. & Mopeys received by sad treasurer, shall De applied by hiui to iLe redemption of The indebtedness, foF the re | denption of which bonds were issued and ! the treasurer shall give notice as is provided by lsW in case of payment and redemption os Territorial warrants. of his readiness to redeem such indebtedness and tberaafter interest on all such Indebtedness due and outstanding shall cease.
 Before any such Indebtedness shall
  | each certificate the amount due thereon and ! shall write across the face ot each the ! date Of is surrender and the name of the | persoa surrendering, and shall keep proper record thereof
 Par. eOI7. sc 3. There shall be levied l annually upon The taxable property in this | rerTiteTy and in addition to the levy f,r | other authorized taxes. 6 sufficient sum to| | pay .he interest on all bonds issued and | sposCd of iu pursuance Of the provisions nf this act 10 be placed in the Territorial treasury | n the fund 10 be known as the Interest FunG.' | And fifty years after such bends shall | ,yr | b ea issued such sddilitional amount shah he | levied annually as wiil pay ten per cent Uf the | total amount issued. until all the bonds iSsu d | under the provisions of this Act are paid as.L | discharged; nothing herein contained shall h- | construed 10 prevent the Legislature of AriIona { from creating a sinking fund during the life O. | sand bonds f0g their redemption al maturity. | The Territorial Board Of Equalization, 1 on their failure. the Territorial Auditor sh | determine the rate of tax 10 be levied in Ihr | different counties iu tho Territory Co cary aut the provisions uf this aci and shall certify q e
 same to lie Board Of Supervisors ia each l county and io the municipal or school anthvT | itIcs, arc hereby required to enter such rate co | their assessment rolls iu the same manner ant ! with t!e same effect as Is provided by iaW in 1 iation to other sTriioridl county, municipal and sch0o. taxes. Every tax levied under the l provisions Oi authority of th:s act is hereby . | shiuh ben shall attach on the frst Monday in ! March in each year and shall not be satisfied or removed until such Lax has been paid
 "Ail moneys deflved from taxes authorized by ihe provisions Of this act shall be paid into the Territorial treaSrTy and shall be applied | -Flrst to the payment of the interest of the hCnds issued hereunder.
 1 Second To the payment or the principal of such bJnds Provided. That all moneys re nlaining in the interest fund after Inc payment Of the interest and all moneys rcinainins it. the ! redemption fund after all said bonds shall have
 paid and discharged, shall be transferred bg the Territorial treasurer tO he aid general fuud. 1 Par zo4S. Sec TO. Whenever after the eE- Israti1n Of the fifty years fIom the date of issu- l snce - any bonds under this act there remains after tbe payment of the interest as provided in the proceesliHg section, a surplus often thousand dollars or more. It shan lr the duty of ihe Ter | TitoTill treasurer 10 advertise as in tue mluner
 oi advertising by the loan commissioners for
 bids for sale of bonds. which advertisement ! shall state the amount Of money iu tbe redemp- | ton furd and the number ol bonds. numlsrTing | them in order of their isstance- commencing at ] thc lowest number ttEn outstanding winch 1 suah fund is set apart Co pay and discharge. and ! if such bonds SO numbered in such advertisement ! shall noi be presentedior plyuieht and cancel 1 lati8a at the expiration of such pubc atiOn, ih-n
 such lund shall remain in The treasury to dis | charge such bUfitfs NiIestI lF5sCTfsTi, isCy 1 shall drax no interest after the expiration oi
 such publication. Before any such Jonds shall l he pad they ssail bc presented 10 the 1erritoT- | iai auditor sho shall endorse o1 each bond the 1 amount due thereon and slisli wri1e across the 1 face thereon ibe date of IS surrender anl ihe | name of Ihe person surrOndering. The Tern l togial Auditor shall keep a record Of ali bonds | issued and disposed nf by the Territorial teas I urer shoRing lheir number, rate of interest date
 and amount e safe. whsa, where and to Nhon | payable, and if exchanged for shat. and when l presented for t'ls redemption the date, amount 1 duethereOn and person surrenderiHg.
 | The boafds of supervisors Ol tfe cOHnties, the ! mauicipIl sud school aurhof7ticz are -ereby Au- | tbor,zed aad directed to report 10 the luas com 1 rl s-i srs of the Terri D tbeT b0gceS and CCt
 sianesE may oB srilfen demaEd. inquire an ofa-
 clal report rem the bead Of supervisors of C ouu
 sies. the maRi' pal 9r school suthor ie-, oi their | bon lei Auc Ou -standinz indehtedurse. ald tai1
 loan coIGsf ssziORar- sh proyl le for me rescen- l iUs rcfd1ii1g af ifsa s-'safss" -saniripal and
 school dITTrIeI IBGeBtcdBsss ayon tHe osse al de-
 mad of i'd anihOTisie,s fn the same lnaaotr a-
 othsF Tsrs'Ofia in ehsednss. and they shah -sus
 bonds for any indenJedassr now ailcEe ], oT ,hai
 msy De herrafier allowed by las 70 said coon ',
 mu 1ieipa isy or school dis,Tfct, upon cfieia' E
 mALd hy ssiG author .iie-. the e0aEts, municipal
 ity or s-hool cistrist to pay i1t9 tse TrfFfogial
 iFessnry u addition c all cI1er lsx-i sut 7ofizsi by law. sarh amounts as may te directed by the
 Te-ri 0-ia noare ai sqnsilz tor, e on iaeif !sil
 by the Terriofal aacit9r. % De icEief for tac
 p=FHleHt Of tnc yfiisc pal of the bonds -'sef ID
 fece1pto3, rsl fEd.ng e o.her bozds iSsuei t1
 snch couaty, nlauictslify or -ch q di-tsisi when
 
 of interest pad hy tte 'rerIii, on such bonds
 Pax. sos2. Sec IT, Wheu the feasureF pays nf
 refeen- any iadeite tnes= te shall indo.se, by Wrtin stamp . in ink tke face af tke paper
 esieeueiag saci in'.e dless pad er re i= med he W0fds sIr leeilesaad ezLceied. with The dale
 cf cancellation. He fhail Eeep fail a 2ariicu-
 lar account and Tecora ef ell tfs proceedings m
 Ger this . { sos of tae bonds nd 'emed aud sgr-
 se16ered. End De sh4E Ira,smf to tte governor
 ao abstract Of all be p-0cee4iaes dnde. this acf
 Sish his annual te1nrt lo he b5 the or, lsd tefJ.e flte legislature ft .s meefing. All bopks
 sE1 papers Fe-tainiag to the mottsr Dr wed in
 fhi- EcE shall e all Ines be cpeu 70 the i1sPcc-
 ton of Inc yarfy Interested or tke gsysFs0r ora epmmiftce of either branch Of the leg slatsfe,
 joint committee of both
 Par. asn S-c i2 It shln Be the duty cf se | Terrif0-sl treasurer ta pay the iu-eTc-t said
 bcpds when tbe same fats 2ue oEt of sai iutzres' | 1 fand. if raficsenf. sd f said fund Dc nat suH
 cieut, then % pay defcc7cY ont cf thr .-ere-Gl
 fund: pruviic !. ihat De Territ gisi sudtr shail
 frrt craw hiz tie Teri oiial are-,
 payab ts The o-ler of d sreasures fsr fhe 1 Tount og snct cefcene out rf ste general f1Dd
 Psr. @o51, Sec. f3. ft shah be Ihe any of sad
 loan lrn =7i-sI5ue-s Co make fall report of sli
 ts,- p-ocerfiogs had un-e- the y-,.giss5E oI thi- ! acf fse gcYcr1rr te'o-e Inc tT-f day oi ] Jsnalry Df eafh yefr aud said feDor shsli be