Tombstone daily prospector., 1890-07-25

otliphal ofhciai bond Wlth tNs or Inort. snrs
 tier, in She sum eqaal to The amount Of bonds delivered Co him by ihe said loan com mi sioHers, hicb bond shall ae approved 5y the Governor aud deposited and filed with the Secretary of the Territory aud re. corded by hirniH book to De kept for that purpose And inc said ffeHsarer shall siaad charged upon his official bond fof the faith. fal performance of the duties required of him under this act
 Par. 2C4t sge. :. The Territorial treas nrer shall sell sad bonds for cash CT ex chanee them for auy of thc indebtedness, fer ihe red ,nptiea of which they were so issued, but an no case shali sold bonds be sold or eNehanSed for lees than iheir face or par value and the accrued interss; nt the time of disposal nor must any iude b,edness be redeemed at more than it's f1ee value aud any iuterest That mag be due thereoa
 That said treasurer shall indo e by sFitiag or stamping in ink, on iEe face Gf ihe paper esideHcing The indebtedness re eeiyyd by him in exchange for said boads the tune when and the amount for which cN changed.
 Far. 2JIG See. S Moaevs received hy s .d treasurer, shall be applied by hln Co the redemption o' ihc indebtedness, for the re deniPiicn Uf which bonds were issUcd and ilir treas sTcr shall give notice as is provided by l-" ln ease of payment and redemption or Territorial warrants. of his read .ness t0 redeem sueh indebtedness aud theraaftcr interest oa all such indebtedness due and outstanding shall cease.
 befo any such Indebtedness shall be paid the Territorial audii6rsifsI sfs1-ss..lse Ot each certificate The amount due thereon and shall write acrnss fhe face of each the date of ils surrender ana The name of the rerso9 surTenaering, aud shall keep proper record thereof.
 Par e045, SC 9. There shah be levied annually upon ihe iaxablr property in this | Toe % I'M FFn fHf E.nHI Otbcr authorized taxes sufaelenl gum to pay the interest un all bonds isslrd a; q disposed of In pursuance of the prOgisious oi this act to be placed in ihc IcrIlu-iai t~eIsury in lAs fund 10 br kaoEn as the Interest Fund. And fifty yc.uS alter such bonds shall have beer issued such ad1liltional amount shall Se iesiea anaEIlis as wiil pay ten p,F cent ug ite i0ttl linoant sSsuctl. uat. ali the bonds issa.d und thf 3sUyisirus Us this act are plid and disyl3-rged; urih.Hg herein contained shall be conriEEsd tu prevent Ihe Legislature Of alisuEs Irori creating siniliaE fzad daring lhe life ci sad bonds iar ii1eir redemption at maturity. % Toe Territorial Board Df Equalization, o; oa tliriF tai ur-, the Territorial Au5ior shai. | determine the rate of lax tO be levied in ihe difiereGf cUut.tcs iu tho EeTtit1ry to ciTry ou; the prpF.-lgns Ol this ac' ard shall caTtify thc same 10 iLe Board of Supervisors ia each 1 county and Co IEc HluaiCipal UT ;ch5oi au;lgUr ities are hereby required 10 enter such rate Ou | their assc ssuent rolls iu the same manner and wi,h tbe same efieci as IS provided by law in Te | laiiUn To other Territorial county. mUHicips i and schoo. taxes. Every lax levied under ths | provisions of authority Oi th;s act Is hereby | made a~ lien against the property assessed | which hen shall attach on the frsl Moad4y in | March ia each year and shall not be satisfied or removed until such tax has been paid. i ".AIl moneys dsriyed from taxes authorized O. l ths provisions oi this act shan be paid into the Territorial treasury and sh.h be applied
 ''firsg t0 tho ply Hlent 'f the interest of th, honds issued heIsunder-
 | Second To the payment Of the principal c | sulh bonds: Provided. That all msacys Te
 mainiBg in the interest fund after he payneH Of the interest and all moneys remaining iE ih, | redemption fund after all ssid bonds shall have paid and discharged. shall be transferred by tn, ! Territorial treasurer to the said general fund. Par. 7o4s. Sec 10 Whenever after the ex piraion oi inc fifty years fiom the daIe Of issu 1 aae Of any bonds under this act, there refBain after the payment cf the interest as provided ir the proceeding section. surplus often thousanC dOli1rs og more. it shall b.. the d5ay Of the Ter l rit0dal treasurer to advertise. as In the mlunel
 Of advertising by the loan commissioners fol bids for sale Oi bcEds. which advertisement shall state the amount of money in the redsmp tiOn fUEd md the number of bonds numbering
 tiIeu ia order 0f their issuance: commencing a the lowest number then outstanding, whie;
 such fund Is set apart Q ray and cischarge, ana l f SD -h bonds so numbered ia such adyerrisnleu
 slaH not be presented for payment and cancel
 a:ioa at the expiration Of such publication, thcI | such fund shall rcnl7iz 10 lbe treasury t0 dis c8sE ge slch bonds whenever presented, but thel | snail draE no interest after the expiration O
 such publication. Before any such u.onds shal
 be p1if they Ekall be presented ts the TerSigoF l iai auditor EhS shall endorse On each bond th'
 amount due thereon and shali write across tk,
 face thereon the date Of its surrender and th,
 naue Of the person s1rr0nderinz. The Tern torial Andiitcr shall keep a record of all bond
 issued and disposed of by Ihe Territorial treas
 urer showing their number, rate of interest. dat,
 sud amount of sale, when. where and to whom payable. and if exchanged for what. and wheI
 prezenfed for the redemption. the datf, amour
 due thereon and person sgsrrendcring-
 Ire boards Oi supervisors of q e eounties, thr
 mnnicizsi and FchOol authoTiiie- are hereby aH
 yhOrized End sliEsctsd 10 report % the loan com
 mis>is ners Of the Terr trry the bOnde1 and oaf
 standing Indebtedness aud s9id joan tonnis l =tOuers may. ifteB demsDd, '. eaire off
 efai report from the bcard of supervisors of our
 ties the munit pal 9r school autbOririss, oi thei
 bon c Sne entstsndins indebtedness. and ta',
 loan commissioners sha pr0yi iefor tae redeem To af refandiag Of fhe colufr. rnuHtripsi sr.
 Sh0oI aisrfct n4eb;e6ness, upOa the oiTic .ai de- l mad of said aathoTities, ia tbe sans mz- ner al
 otn Terr ria in sebedress. and they shail is- u' l Son.s for aag indehtedlsss nov aiio8e1 CT tba
 may b. hereafter allow sd. by lIw to sad oouH'y
 nu-isifsa ify or s1h ooi ,iisfrct upoa official de [
 iIy or suh0ol dis ricf Co pay iBto tze Terrifo-iz
 treBsGry, ID addition all oi3er tnXeF SUI 1ofizes hy law. sneb auouute as may bc direzfed by fh'
 Territorial hoard of equalization, thcsr fsil
 by the Terffo ial a1cit9I. 70 b. leys5 for tS,
 payment of tse pfii eiyal Of the bonds issGed iS | ss5e aption. refsId-ac O. other boBd- issuet C
 such 1suaiy. tiitnsei pshty sch oi di-irict rer
 the sane zlal hcc Btzs Gue and ia Ed9i ion fati
 of iuierest pad hy tee Te-Tit5 Z ca sUeh bonds
 Par e0ss. Sec II. When ihs tsessRrer psys o -edeeas aay indebtedness he shah intofse, D.
 VIII rtampi- 9 s i1k cn the face Of the pape 1 eyilcnci1n fueh inls5ttei4exs paid oF ret- med
 he uo-ei. 'reseemsi ssd eaneeied-' wiih ths Cat. i es cancellation. He shall seep fzil and partic1 lar aoc,Ent aod record of al kis prOceadinzs un
 Ter fhi- a t sud of the bonds red -emes and ear
 enGersd, snd he shall transmit to the governor ! an abs rset of Eil his pysgeedipas ur6es this ae
 xiih his annual te3a-t 10 he by ths g0vsrsor lsif | bsfo oe the legislature sf iis meefiGg- All book | ana papers ser aining tS the mot5er DreyI-ed if this act shali at sil tmes bs open to he inspec
 lion of the Pa-y interested. or she governor, ofs
 cH mfstce of efAer branch Of the legislature, of joan: committee Of bosh.
 Par. soa0 Sec. f9. IL shaH De fhe duty of ts, I Te-i'ofssl treasurer ta pay the in.eFest on sai'
 boBds when Joe same falls 1ae out of sad irtescs