Arizona republican., 1890-07-12

their number, rate of interest, date and amount of sale, when, where and to whom payable, ana if exchanged, for what and when presented Tor redemption, the date amount due thereon ana person surrendering.
 The Boards of Supervisors of the counties, the municipal and school authorities are hereDy authorized and directed to report to the loan commissioners of the Territory their bonded and outstanding indebtedness and said loan com missioners may, on written demand, require an official report from the board of supervisors of nf their bonded and outstanding indebtedness, and said loan commissioners shall provide for the redeeming or refunding oi tns county, nun ., icipal, and school district indebtedness upon the official demand of said authorities, III the same manner as other Territorial indebtedness, and they shall issue bonds for any inde6tedness now allowed or that may be hereafter allowed, by law to said county, municipality, or schooi district, upon official demand by said authorities; the county, municipality, or school i district 10 pay other taxes authorized by law, such amounts as may be directed by the Territorial board of equalization, or on their failure by the Terri. torial auditor, to be levied for the payment Of the principal of the bonds issued in redemption, reiunding, or other bonds issued to such county, municipality, or school district when the same shall become due, and in addition a rate Of in terest paid by the Territory on such bonds. PAR, 20i9 (Sec. 1l,) When the treasurer pays of redeems any indebtedness he shall indorse: by writing or stamping in ink on the face of the paper evidencing such indebtedness 80 paid or redeemed, the words redeemed and can, celed,' with the date of cancellation. He shall keep full and particular account and record of all his proceedings under this act, aud of the bonds redeemed and surrendered, and he shall transmit to the Governor an abstract of all his proceedings under this act with his annual re- port to be- by the Governor, laid before the leg islature at its meeting All books and papers pertaining to the matter provided In this act shall at all times be open to the inspection Of the party interested, or the Governor, or @ com mittee of either branch of the legislature, or joint committee of both.
 "PAR 2G5O (Sec. l2) It shall be the duty of the Territorial treasurer to pay the interest on said bonds when the same falls due out of said interest fund, if sufficient; and if said fund be not sufficient then to pay the deficiency out Of the general fund: Provided, That the Territorial | auditor shall first draw his warrant on the Ter. ritorial treasurer, payable to the order of said treasurer, for the amount of such deficiency out of the general fund.
 PAR 2o5l, Sec l3) It shall be the duty of said loan commissioners to make full report of all their proceedings had under the | provisions of this act to the Governor on or before the first day of January of each year, and said reports shall be transmitted by the Govern or the Territorial legislative assembly.
 "PAR. 2O52 Sec li.) No bond issued under the provisions of this act shall be taxed within this Territory"
 SEC. I5 That nothing in this act shall be con of any indebtedness in excess of the limit | prescribed by the Harrison act" Provided, however, That the present existing ana ana iosesser wibs bs necessary and current expenses of car. rying on Territorial, county, municipal, and school government for the year ending Decem- sued for the redemption thereof; and thereafter no warrants, certificates, or other evidences of | inde bi edness shall be allowed to issue or be
 legal where the he same is in excess Of the limit
 All acts or parts of acts in conflict with this act are hereby repealed.