Tombstone daily prospector., 1890-07-24


 shah give to the Territory of Arizona an ad. | ditional official bond with two or more sure lilies. in the sum equal ts the amount of I bonds delivered to hun by the said loan com slis sioner~, whieh bond shall oe apprcyed 1 bv the Governor aud deposited and filed l with the Secretary Of the Territory snd re- | corded by him in a book To be kept for that pus pose- Aud the ssid treasurer shall stand l casF ssea upss his official bond iOF the faith 1 fal performance of tbe duties required of him under this act
 Par. 3os1 Sec. . The Territorial treas urer shall sell sad bonds for cash CT ex change them for any of the indebtedness for thg redt mptioR uf which they were SO issued, but sn no case shall said bonds be sold or exchanged for lcss than their face or par value and the accrued interest ut tue time Of disposal nor must any indebtedness be redeemed al more than it's face Yalue aad any interest ibat may be due thereoh-
 ~'fhat said treasurer shall indo SC by
 Sriiing or stam;. ing in iak. on iIe face of l the paper esiriencing ilie indebtedness re
 criSed by him in exehznge for said bonGs,
 ihe time wheu and the amount for which ex
 changed.
 | Par. so46. Sec. s. Moneys received by
 said treasurer, shals beapplied bS h,m Co the redemption of the indebtedness, for the re ' deniption Of which bonds were issued and
 the treasurer shall give nO.iee h provided | by liA in case of payment and redemption of Territorial warrants, Of his readiness tO redeem such indebtedness and theTaafter | interest on ali such Indebtedness due and
 outstanding shall cease.
 Befo,e any such indebtedness shall be | paid Inc Territorial auditor fhall ind1Tse On 1 eaeh certificate the amount due thereon aud | shall write across The face Ot each the date of it's surrender and the name of the persoa surryudering, aud shall ke~p proper | record thereof.
 Par. aof7. Sae Q. There shall be levied
 annually upon Ihe taxable property in this TerFiteTy and in addition L. the levy for other authorized taxes. sufficient gum to pay the Interest on all bOads Issued ard dispose of ln pursuance of the provisions Of this set lo be placed in the Territorial treasury
 in The fund 10 be known as ;he Interest Fund
 And fifty years after such bonds shall have
 b.en issued such additional amount shah be levied annually as vail pay ten prT cent If the
 Io,al anlcHat issued. uniil all thc bonds issurd
 unde. the provisions of this act are pad and
 discharged; ns,ihing herciu contained shall be
 construed tU prevent the IeyisA,sre of AIiiona
 from creating a sinking fund during the life of
 sad bonds for their redemption al maturity.
 The Territorial Board or Eqaaizalion or
 ol thsir fai-urs. the Territorial Auditor shail determine ihe rate os tax 10 b. lvgicd ia the different counties in th9 icrit' Y 10 carry out
 the pruyi. ions of this act and shall certify the
 same 10 ile Board of Supervisors ia each
 county and to the mu:ieipai or ;chJol anthoT ities are hereby required 10 enter such rate on their assessment rolls in the same manner and with the same effect as is provided ls~ n
 Iation tO other territorial, county. municipal
 and school taxes. Every tax levied under the provisions of authority ol th:s act is hereby which lien shall attach On the first Monday in March in each year and shaIl not be satisfied or removed until such tax has been paid. | "Aii moneys derived from taxes authorized by the provisions oi this act shall be paid into the
 Territorial treasury and shall be applied
 E ssF1rSr the r11yulenf of inc interest of inc hO nds issued hereunder.
 3 Second To the payment of the principal Of { such bonds: Provided. Thsi all moneys re a naming in the interest fund after the payment
 of the interest. and all moaeys rei3aiuiag ii4 the redemption fund after all saa bonds shall have paid and discharged. shall be transferred by the ? Territorial treasurer to the said general fund. l Par 7o4s, Sec TO. Whenever after the ex-
 piratiOn Oi ,he fifty years Iom the date of issu- r snce of any bonds under this act there remains . after the payment cf the interest as provided in the proceeding section a xuFplns of ten thousand
 6olars or more. it shall be the duty of the Ter ] ritorial treasurer to advertise in inc manner of advertising by the loan commissioners for bids for sale Of bonds, which advertisement 3 shall state the amount of money in the redemp-
 ton fund and the number of bonds numbering
 Ihefn in order of their issuance. ooHirnencing al the lowest number Then outstanding, Shich r snch fund Is set apart to pay and discharge and b f such bonds so numbered in s1ch adyeTtisaleni z | shall not be presented fos payment and canocl ltioa at the expiration of such publication then ' such fund shall remain in the treasury 10 d:s
 | charge such bonds whenever pTeseE ted. but they i shail draw no interest after the expiration bl | such publication. Before any such Louds shSl
 | be paiti they shall bc presented 10 the TeEritor
 iai auditor Sh0 shall endorse Sn each bond the z amount due thereon and shsl. write across ihe , flee thereon the date of its surrender and ihs | name Of the person suTondering- The Tern tO-iai Auditor shall keep record CT all iood. issued and disposed of by the Territorial treas U urer showing iheiE number rate cf interest dats 0 and amount Of sale. when. where snd to whor f payable, and if exchanged fo. what. and yher
 presented for the redemption. the date, amount - due thereon and person surrendering
 e The boards of sapervisors O. n e counties, tbs : mnniciP4l and sekOoi Nutbsritie. -ereby an z thorIzed aaG G;rscied 10 report to the loan com : standing indebtedness ard raid joan toHna's sloBers may. OB v,i.ten demand, q1ire an off T eis Tepcst fom the board of supe-visoss Of 0uu
 tser the uagBis pal Ir school suthoriss. os tbeii l aon se and cut-tandsnz inaShfedne-s. and sale loan oom@i- sioss rs sba provi e for the redeem . iEg or fcfuEdiag Of the county, m1EsetBsl snc
 school dfitrief s14sbteeness npoa tse q G.
 ma d Of aid aufhorities in the same m a-nFr as atf Ter oria in iebiedness. and tsey shall is us ' may be hereafter allowed. by law to cad conn y z aHaicipa fly oS school district. ap0n ofiissl de O aland by said antkar tie-. the county, muyieiDai |, tfy or sShoo olstsici tO pay irt9 be Tetriio-is treasury n ad6tion t5 all other tsxes authorized b oy law, such snOguts ss may b. diFssfed by 'hs 4 Territorial hoard sf eqas nzstinu, their fail
 ure ky the Territo ia aacitsE. rc he ieyc for tss T p<ymeDt of the Dgincipai of the b0nts issued is L. redemption, refand.ng other b.IBd' i<suef q
 such county, muniapshty or sch os ei-ifsc. wher e the sane shall hec ptre due. and ia adj ioa pie ,f Of interest paid by the Terfisoy on snoh bsndS- dT Par 2Ose, Fec IT, When the easurer pays ei s reteems any iodebt-daess he shaH ipdosse D ETttn siar1pir 70 ink the face of tbe pape e l<zideneing such insesisdsess paid or reAe me3 2 the wosds redeemed srd czEce5ed. wi'h The dsfs r. of cancellation. lie shAil Keep full aa1 pariiCu d lar account and record of al hi= prOce ,dings . Ger tbi. Hrt and of the bonds red eaaed and sar. s -cndered, and he shal. tra1sml: to the governor abs 'sset of all his p-ooeedinef urdef this se T with bis annual report 10 he b. tbs 2oYeruo- led s before the egisiafEre at ifs meeting. Al b01ks ana papers Der aIning 10 the Dottsr provided U o ths act shall st all hues bs open the iDspsc = fon of the party interested. the governor osSs z caznmftee of either brsnch of the iezisaiare, e Joint committee Of botk.
 v p.r zEa Sec Is IL .lan he fh. drtr rf fh.