Tombstone epitaph., 1890-03-01

certliy the same to the 'bOard of su- pervi5ors' in each county land to the municipal, or school authorities; T and the said board of supervisors, Tor auth critics are hereby directed and re- quired to enter such rate on their as- sessment rolls in the same manner and with the same effect as is provided by law in relation to other Territorial, county, municipal, and school taxes. Every tax levied under the provisions of authority of this act is hereby made a lien against the property assessed, which lien shall attach on the first Monday in March in each yecr, and shall not be satisfied or removed until such tax has been paid.
 "All money derived from taxes authorized by the provision of this act shall be paid inlo the Territorial treas ury, and shall be applied:
 'First.-To the payment of the in- terest on the bonds issued hereunder.
 "SecOnd To the payment of the principal Of such bonds: Provided, That all mOreys remaining in the in terest fund after the payment of the interest, and all moneys remaining in the redemption fund.- after all said bonds shall have been paid and dis charged, shall be transferred by the Territorial Treasurer to the Territorial general fund.-"
 "PAR. 2048 (Sec. 10.) Whenever, after the expiration of the (tifty) years from the date of issuance of any bonds under this act, there remains after the payment of the interest, as provided in the preceding section, surplus of ten thousand dollars or more, it shall be the duty of the Territorial Treas urer to advertise, as in the manner of | advertising by the loan commissioners for bids for sale of bonds, which ad- vertisement shall state the amount of money in the said redemption fund, and the number of bonds, numbering them in the order of their issuance, commencing at the lowest number then outstanding, which such fund is set apart to pay and discharge, and if such bonds so numbered in such ad- l vertisements shall not be presented for 1 payment and cancellation at the ex- piraiOn of such publication, then such fund shall remain in the treasury to l discharge such bonds whenever pre- sented to the Territorial Auditor, who shall endorse on each bond the amount due thereon, and shall write across the face of each bond the date | of its surrender and the name of the ! person. The Territorial Auditor shall keep a record of all bonds issued and disposed of by the Territorial Treas urer, showing their number, rate, and amount of sale, when, where, and to whom payable, and if exchanged, for what, and when presented for redemp- l tion, the date, amount due thereon, | and person Surrendering.
 I"Ghe boards of supervisors of the counties, the municipal and school authorities, are hereby authorized and directed 10 report to the loan commits l SiOners of the Territory their bonded and outstanding indebtedness, and said loan commissioners may, on written demand, require an official re- 1 port from the board of supervisors of ! tOut iNo. liIC IlbIilOlDdt OI SNIIOOl 1 authorities, of their bonded and out
 standing indebtedness, and said loan commissioners shall provide for the redeeming or refunding of the county, municipal, and school district indebt edness, upon the official demand of said authorities, in the same manner as other Territorial indebtedness, and they shall issue bonds for any indebted
 ness now allowed, or that may be here after allowed, by law to said county, municipality, or school districts upon official demand by said authorities the county, municipality, or school district to pay into the Territorial treasury in addition to all other taxes authorized by law, such amounts as may be directed by, the Territorial board of equalization, or on their fail ure by the Territorial Auditor, to be levied for the payment Of the principal of the bonds issued in redemption, re-
 funding, or other bonds issued to such county, municipality, or school dis trict when the same shall become due, and in addition rate of interest paid by the Territory on such bonds
 "PAB. 2049. (Sec. ID When the treasurer pays or redeems any in debtedness he shall indorse. by writing or stamping in ink, on the face of the paper evidencing such indebtedness so paid or redeemed, the words redeemed and cancelled,' with the date of can cellatiOn. He shall keep a 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 proceedings un- der this act, with his annual report, to be, by the governor, laid before the legislature at its meeting. All books and papers pertaining to the matter provided in this act shall at all times be opened to the inspection of the party interested or the governor, or committee Ol either branch of the legislature, or a joint committee of both
 "PAR. 205O. (Sec. 12) It shall be the duty of the Territorial Treasurer to pay the interest on said bonds when the same fall due out of the said in- terest 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 -hall first draw his warrant on the " TN II Al.