Arizona silver belt., 1890-07-19

thereon, and shall write .acH8ss tA
 of each honl the date of it's s,iFg
 and the nameof the person surrerseA Tue Territorial Auditor shall keep ord of all bonds, iasued and dlsposss of by the Territorial Treasurer showing thsir number, rate of interest, date and amount of sale, when, where aaG to whom payable, and if exchanged sfbi; what and Bhan presented for redemptiesF. tho date, amount due thsreoa and p$fso surrendering.
 Tho Boards of Supervisors of the counties, the municipal and school an thoritles arc hereby authorized and | directed 10 report to the loan eommis- sioners of their bonded and outstanding indebtedness and said loan commission. CTS may, on written demand, require an ptbeial report from tie boards of supers viaoFs of counties, the munl5ipsi school authorities, of the;- bonded outstanding indebtedness, and sad lq commissioners shall provide for the deeming or rsfunding of the count municipal, and school district indebted ness, upon the hffieial demand Of sai1 authorities, ill the same manner as other Territorial indebtedness, and they ahalr. issue bonds for any indebtedHes ; now allowed, or that may be hereaf, ser al lowed, by law to said county, mum Ncipal- Ky, or school district, upon oficia, A de mand by said authorities; the county, municipality, or school district to pay into the Territorial treasury, in addition |, all other taxes authorized by law, such amounts as may be directed by the Ter ritorial Board of Equalization, or on their failure by the Territorial Auditor, to be levied for the payment of the principal of the bends issued in redemption, rs- funding, or other bends issued to such county, municipality, or school district when tn. same shall become due, and in addition rate of interest paid by the Territory on srch bonds.
 PAR. 2049. Sec II When the Treas- urer pays or iedeems any indebtedness he shall indorse by writing or stamping in ink on the face Of the paper eviden- cling such indebtedness so paid or re deemed the words redeemed ard canceA ed, with the d te of cancellation He shall keep full and particular account and record of all his proceedings under this act, and of the bonds redeemed and surrendered, and he shall transmit to the Governor an abstract of all his proceed ings under this act with his annual report to be, by the Governor, laid before the legislature at its meeting. All books ard papers pertaining to the matter provided in this act shall at all times be open to inspection of the party interested, or the Governor, or committee of either If hrf uNafs ss.s,. mittee of both
 PAR 205o Sec I2 ] IL shall 6e the duty of the Territorial Treasurer to pay the interest on sad bonds when the same falls due out of saii interest fund, f suf- tcien,; aud If said fund be not sufficient, then to pay the deficiency out of the general fund: Provided, That the Te~r.s- torial Auditor shall hrst drag his warrank on the Territorial Treasurer, payable to the order of sad treasurer, for the amuunt oi s1lh deficiency of the general fund.
 "Pan 205I. (Sec. I3.) It shall te the duty of said lean commissioners to make a full report of all their proceedings had under the provisions of this act 10 the Governor on 1T before the first day of January of each year, and said reports. shall be transmitted by the Governor or the Territorial legislative assembly,
 PAR 2052. (Sec. II ) No bond issued under the provisions of this act shall be taxed within the Territory.
 Src 15. That nothing in this aot shall bo construed to authorize any future in- crease of any indebtedness in excess of the limit prescribed by the Harrison act. " Provided, however, That the pres ent existing and outstanding indebted ness, together with such warrants as may be issued fer the necessary and current expenses of carrying on Territorial, coun- ty, municipal, and school government for the year ending December 3l. 1890, may also bs funded and bonds issued for the retle.2p,ion thereof; and thereafter no warrants, cere6eates, or other evidences of indebtedness sh;sn- he allowed te issue or be legal where the same IS m e.esss nf the limit prescribed by the Harrison 1 act. |"
 1 All acts or parts of acts in conflict with 1 this actare hereby repealed. .tla ---------4. is----------