Arizona republican., 1890-07-29

date of its surrender and and the name of the person surrendering. The Territorial Auditor shall keep a record of all bonds issued and dis posed of by the Territorial Treasurer, showing their number, rate oi interest, date and amount of sale when, where and to whom payable, and if exchanged, for what and when presented Tor redemption, the date, amount que thereon ana person surrendering.
 sThe Boards of Supervisors of the counties, the municipal and school authorities are hereby authorized and directed to report to the 9aa i9aa and outstanding indebtedness ana sald loan com missioners may, on written demand, require an official report from the board 0f superyisors oi counties the municipal or school authorities, nf their bonded and outstanding indeDtedhess, and said loan commissioners shall provide TOT the redeeming or refunding of the county, nun icipal and school district indebtedness, upon the official demand of said authorities, in the same manner as other Territorial indebtedness, and they shall issue bonds for any indebtedness now allowed or that may De hefeai,er h"t Mw upon official demand by said authorities the county, municipality or school district to pay into the Territorial treasury, Tn additlon to all may be directed by the Territorial board oi equalization, or on their failure by the Tern, torial auditor, to be levied Tor the payment oi the principal of the bonds issued in redemption, refunding, or other bonds issued to such county, municipality or school district when the same shall become due. and in addition rate oi in- | terest paid by the Territory on such bonds.
 | "PAR 2O49. (Sec. ll,) When the treasurer pays of redeems any indebtedness he shall indorse: | by writing or stamping in ink on the lace oi | the paper evidencing such indebtedness so pald | or redeemed, the words 'redeemed and can, | celed,' with the date of cancellation lie shali | keep full and particular account ana record oi all his proceedings under the act ana oi tnH | bonds redeemed and surrendered, and ne snail | transmit to the Governor an abstract oi all ms
 proceedings under this act with his annual re
 to be- by the aid before ed the pertaining to the matter provided Tn thls he'
 shall at all times be open to the inspection oi the
 party interested, or the Governor, or com
 mittee of either branch of the legislature, or
 "PAR. goJO. Sec. l2) It shall be the duty ol
 the Territorial treasurer to pay the interest ol | said bonds when the same falls due out oi sald interest fund if sufficient; and If said fund bt not sufficient, then to pay the dehclency out o the general fund: Provided, That the Territoria
 auditor shall first draw his warrant & oh me s lel treasurer, for the amount or such uehclehc! out of the general fund: , 1 "PAR. 2O5l, Sec l3) It shall be the duty O
 said loan commissioners to make iuli repor of all their proceedings had under th'
 provisions of this act to the Governor on o
 before the first day of January Of each year, ane
 said reports shall be transmitted by the doVerh
 to the Territorial legislative assembly.
 "PAR. 20J2 Sec ll) No bond issued under th'
 provisions of this act shall be taxed within thi
 SEC. I5. That nothing in this act shall be con
 strued to authorize any future increas
 of any indebtedness in excess of the nm
 prescribed by the "Iiarrison act" Provided
 however, That the present existing all, outstanding indebtedness, together witl
 such warrants as may be issued for tn necessary and current expenses oi ear rying on Territorial county, municipal, ant school government for the year ending, Deeenl ber g. 1890. may also be funded and bonds Is sued for the redemption thereof; and thereafte no warrants, certificates, or other evidences Q indebtedness shall be allowed 10 issue or % !, p legal where the same is in excess of the limi prescribed by the "Hsrrison act." That all acts or parts of acts in conflict wit this act are hereby repealed.
 APPROVED June 25, 1890