Arizona weekly journal-miner., 1890-07-16

Providing. win Amendments for the
Funa.ne OF verritoria. ineoeteo-

FUNDING OF 'offtofts* hHooSsse
moss.
representative. OF she United States OF
America IN eongr - sssemnlfS. 'hst ne hrt
90 che revised ssssasss ~ AfsssAs ~ -.
known as "TItls NNNi-funasng.' BE- aba
IL hereby amended 80 "a "a read "A .tioess
amt Insi . amended shs sasas = hereby
rrstorisi iss,sIstsaa. ride xxNf-fardit
aud ioza. Chapter cue. telFitefle. county;
municipal aud school dlstri indshtssii es.
par AIS, tsSec. - Fer tbs purpose % l.4si.
dating and providing Tor the pay ~ ent of he
ou stsndthg and existing lnstebtsaues- 81
the q rriiaIy Of Arisees. asa sue i1Iats 80
| BY law The governor 81 the said territory,
| together with ihs territorial auditor sad iss
ONCE shall O. nssttu q . hoard Z com uais.
! sioners Ia be ally iss The loGn com rntssioners
Of ,hs Territory 81 Ar'sans s s"a .. s s, ass ave
| date. hereinafter proNidaa.
| PAR sls0 lsee. rs u shall he, and u here
| BY declared the daily OF tha loan e anmis-
| sioners 10 provide fsf tas issyment az tbe
| existing tsrrissgiEl indicate iness Que al 10
1ecome due, or thai = aas or mH5 - asss
| OF pRs4ug, rrteenKnE nd refendfns All or
| any part ol the rrln, ipai snd ihssre ~
| either. OF the existing nd snbxistng tsfrito-
| rial Il sni tadebis ness, aud 81 50 that which
may ~ any time b-roa . due. 80 u now
| m.y D. h@asafles, 40 horl1 a ~ Las, she said
| com IN issloner shat. tis.n a oe 10 iim
| Issue nsso liable coupon ,oads o. THIS tsFrTi-
| tory Shsa TIE same G "a be done at = 20 frf
1 rsIs Of interest and . tn pFoni AID benefit
" par sosi. sssse. al said bonds shall be H.
| sued ~ near prset able IN sien. sini aAtsens
1 OF one Thousand dollars sat hoads ~
lower dsnomtnai on. mol cess III - $40 nun
4 drcd and nlsy doiiafs, Nay D. issned " he
l uaoes.ary Said ponds snl Il bsaE Interest AZ
| az. - Z, q :. "a nv aid toan com fssioners
bat in no ease IN exceed ave pr eentau per
i annuIn. which interest Hhslt Ne ptd gold
4 coin or It's ca 1iyaient IN law "a ia0Aeg %
|. ths Uasted I'll ties on the ate ia dsy Of
| Jsnssay, In each year. ~ thu or'ies OF the
| TERRITORIAL, treasury, or ~ saeh . ia y ne
| city 81 Mes YORK. 10 the sta'e oi Ssw iofk.
| or IN the city OF Ssp Franci CO. IN ihs state
\ OF Z lifoFnia, - may q .fe-ls aAts1 sf sAid
| Joan commss toner's al tae o .tion OF tue
| pus chaser Of SAID houGs, The ? &c z ray
ment beng mentioned IN said beads. LhS
y clpal OF ssId ooads aaAii BE- ID = j. rAys-
| ole. sswfai money az the Uultea stsies.
any yesrs after he aage Of theiT s~sae, 0ai
| may be- redee ned - Ter twcasy year.
| s.ihey shall bear the dale % taagg tkSte
| sta e wnen, wntre sud 10 whoa pey oi,,
| snd sls.i be II sneu b Ii io%n eotn IA -
| slaners sad shall have he sea- IA e ~
tory fixed thereto snd coaaiersiEned es
| the ter ltorlai tfea.uger aud bear his otCciai
| se-l, ana sbsli he fo-lsttfed ~ tho teffite.
| IiL sudi,of in a oook 20 b = ~ by hata Tor
tue purposs l., which shall state sEansat Soiu
| for, or, Il exchange y ( what Raid ihe fsi h
| ana credit OF The tefrit ~ IS hSFa3f picde ed
| for The pas IN sni Of SAID bonds sad ihs tn
| Ter. II "A. cfulng IA -rcoD. 40 herein pro tldei,
| Par 2lse (Sec. Coupons Tor the interest
| SHALL bs attached - each M, SO titAs thcy
| may be removed Without injury q mu'ita-
| lon 10 the band. Tney shan be conss cotiVr.
| iy nun,u. red aud Gear tue same ne % Der OF
l ne bona 10 witch they are atiacaed and
| The sai6 coupons hall cover tn lntete 4
| expressed In said bond from l.ie a ste ~ is sue
1 until ga q; hnlin no ca shell boaus beisI IT,
| Irresl orsesii asy Eta est ee paid l. eecun,
| for amy sine refore their delivery - the pas
CHASER, as hereinafter provided.
| com IA. ssie nurs n,sy De au hoflHed by iew ~
l lssue bonds or shall have dectaed 40 refa nd
or redse al slf or any part o. he existing %.
Il A. nf IL a n
rect IN. territorial treasurer Ia al " rtisv FpF
| sale OF the oonda 10 be ssuea for that pa .
| pose, ny causing notice Of such sale - Dc
| pnplishea .or the period Of on month ~
| some uaily newspaper pu 0issbed ~ the c. p
ital OF the territer. aud at least one inseFtip 4
| IN a newspaper 20 she'd in thS Cay New
| York, In the STATE Of New York, alsd 4 shs
city OF San Francisco, IN the SAFE ~ Cal
sorniA; such nosiss snali speei the anloan
| SAFE, and that The eIds viii Se received 10y
l said treasurer Tor tn purchase OF SAID bonus
| within Que month from Tue IL pir~ Ton OF "a d
paolies ion ;sad al the place sad zine named
l ia said notice the sad treasurer anu ioa-
commissioners snail open all bids receive q
| by nim and thali award the purchase ~ saa
l bonds, or any par thereof, 20 tue btd z oi
l bidders therefor bidding The lowest rate o.
Interest: Provided, Ths So d i9au con- mis-
l stoners shall have IN right 10 r ject ANY and
i ala pids. And providea farther, Thai sae,
may refuse 10 make ans awsrd unless sun.
i G erg security shall furnished Dy tue bsd.
| der or bidders for the compliance WITH ths
l telms OF their oids.
apr. e0s4 (see. 81 When ;he sale OF sal,
bonds shall DC awarded by the loan conmis-
sioners they shall PROVIDE and pr cure ths
| necessary b. nos as IN this act provided, ans
| any expense in>u red by them t-erefar, gol
the lubncstion Of SAD notices. ost If re.
| mitting funds Tor the payment OF in,erest OF
| money on said bonds, and al other necess n
| incidental expenses under the provisions o
this act shall be paid out OF tue general land
| OF said territory, upon the order Of the terri
torial aaditor, counfersigned by he gov.
eruor; and sum OF money suu cienE a,
| cover said c. sts and expenses is hereby az
| propristed out o. said fund.
} "lhey snail. from time To ime, after sign
| ing said bod, delivei them 70 The terri TO
| rial treasurer, taxing his r. ceipt therefor
) | and charge him Herewith. The said tress-
l uret ehau civ Z the territory ui AriEOp!
| az add tional official bond with Two or NOR,
, suretics, in sum equal to tho amount o
| bonds delivered to him by the said loan com
| missios ers, which bond shall be approved b,
| the governor and deposited sGS hled will
, | the seer ~ OF the territory, M secofdes
I by him in n book kept for that purpose. Al,
| the said treasurer 81 Al stand ch xed OF
bis Official sond for the faithful performanc,
OF the duties required ~ HIM unde this act
I Par. 2o45. (Sec. ~ Tae Territorial TIC :
urer shall sell said bonds for essh, or ex
change them for any OF the ild4 bsedness (
the redemption OF waieh they were SO issue,
but In no case shat said bouds b. sold O
| exchanged Tor less than their face or ps
| value and the accrued intere a. ths lime O
| | disposal, no. mus. ally ind ebtCdue be re
deemed at more than lts face value and an
| interest that may BE- due thereon.
"rhat said treasurer shalt indos Sc by writ
l ing or stamping In i'S, un the lace OF III
paper, evisiU ncing The la ebtedness receives
l by him in exchange for said bonds, The tin.
when u d he amour for which exchanged
c "Par. so+5. (Sec. 81 Moneys received b
( said treasurer shall b. applied by him 10 tn
redemption OF the indebtedness, FOR the re
| dem tion OF which bonds were Is sued, an,
| the treasurer shalI give notice, as jS pfo
| yidod by isw, in case az p.ymsat sad
| demp'ion OF territorial warrants OF hi
readiness 10 redeem such intebt euness az
] | thereafter interest on all such Indebtedness
!, due and outstanding shall "a Sc
before any such Indebtedness shall be PAL
the territori, Il auditor shall indorse an eac
| Get titcaie the amount due hereon, and sh a
J | write across the face ~ each the date OF II
! surrender and the name OF the person sur
rendering, and shsll Keep proper reoor
thereof.
"Psr. 2o47. isec % There shall be levie
annually, upon The taxable property ia hi
ter itory. aud in addition % tn, levy e.
other authorized taxes, . sufficient sum 1
pay the interest On all bonds Issued aud dis
posed OF in pursuance OF the provisions c
this act, 10 be placed in the territorial treas
Jury, In the fund % be known as the 'interes
fund And flfty years amer such bonds shs
have been issued such additional amour
sha be LEVIED snnaaly as will pay ten %
cent. OF the total amount issued until all III
ponds issued under the provisions OF this aC
are paid and discharged: nothing herein cou
tsined shall be construed 10 prevent III
legislature OF Arizona from creating sinh
a. X fu q during the lie OF said bonds ia
their redemption ~ maturity.
THE territorial board OF equalization, al
on heir failure, the territorial auditor, Shal
| determine rate of TAX To he levied in IN
different counties ,n the territory 20 carr
| out ;he provisions OF this act. AMI shall cert
| ~ the same 10 the b. ard o. ssperNisors 4
each county anu 10 the muntc pa or SHOOT az
thorities and the aid board OF supervisors. 1
authorizes. ar heFeb I'll tcted a ii require
g. eptsr such rte on their assessment 10 u
| In the same man ner aud with the same eucS
ne IL provided by 40 IN relation 20 other ter
rttorfa county. mum eipai aud school take
4 Every Tar levird under the provisions of a.
thority o. this act IL hereby made "a lie
against the property assessed. which lie
shall sttach on the frst Monday In March
each ear, and shall not be satisfied or r.
moved until such tax has been paid.
IAN moneys derived from taxes authorize
= z. he provisions of this act shalt he paid mi
the territoT al treasury and shall he applied
First. To The paymeat OF the Interests O
the bonds issued hereunder.
second 20 the payment ~ the priDrir
| of such bonds Provided, TnAt ali moneys RI
\ | mainipg In the interest fdnd after t'he pay
q | msut of the interest, aud sii moneys renait