Tombstone daily prospector., 1890-08-04

kGia0e AAlkhEIf0 Nu slhl RN lDC Ealu loan com mi>siOners, which bond shall se approved | by Inc Governor and deposited and filed with the Secretary of the Territory and re- corded by him in a book to be kept for that 4 purpose. And the Sase treasurer shati stand e3aFgvd upon his official bond for the faith | fal performance of the duties required of hitu under this act
 Par, s04s. See. 7 The Territorial treas urer shall sell said bonds for cash CT ex I change them for anY of the inde btedness, | for the redemption of which they were SO I issued, but la no case slall said bonds be l sold os exchanged for less than their face l or par value and the accrued interest at the l time of disposal nor must any Indebtedness i be redeemed at more than its face value and | any interest that may be due thereon.
 "That said treasurer shall iudOrse by l writing og stamping la ink, on tLe face of the paper evidenCiBg the indebtedness re- | ceived by him in exchange for said bonds, | the lime when and the amount for which eN changed.
 Par 30i6. Sec. $ Moneys received by sad treasurer, shall be applied by him to the redemption O the indebtedness, for the re- demPGisn .! wkieh bonds were issued and the treasurer shall give notice as Is provided bg isN in case Ol payment and redemption Of Territorial warrants, Of his readiness to redeem such indebtedness ard theraafter Interest on all such Indebtedness due and outstanding shall cease.
 Before any such indebtedness shall
  each certificate the amount due thereon and shall write across the face Of each the date Ci iis surrender and the name of The psrsos surrendering, and shall keep proper record thereof.
 Par. 2O47, sse Q, There shall be levied annually upon inc taxable property In this Territery aud in addition to the levy for other authorized taxes. sufficient gum to 1 pay Inc interest on all ponds issued and ! disposed of iu pursuance Of the provisions Of "A hs.F | in the fund to be known as the Interest Fund.- | And fifty years after such bonds shall have ! been issued such additional amount shall be l levied annually as NiIl pay ten per cent of the lots! =.:se::Hi issued. unti all the bonds issued under the provisions Of this act are paid and ! discharged; nothing herein coatsined shall be l construed I0 prevent the Legislature of Arizona ! from creating sinking fund during the life of { sad bonds for their redemption al maturity. 1 The Territorial Board of Equalization. or l on thzir failure. the Territorial Auditor shah ! determine the rate of tax 10 be levied in the different counties in th5 Terriiasy tO oarry out 1 the prCyi-ions of this act and shall certify lhe l same to tl,e Board of Supervisors iR each 1 county and to the municipal or school anihOr- ! ilies are hereby requited t0 enter such rafe oa their assessment rolls ia the same manner and ] with the same effect as is provided ty iaw iR re- ! laIion tO other efritOTial county, municipal l and Sstscol taxes. Every tax levied under the ! provisions oi authority of th;s act Is hereby
 made lien against the property assessed.
 which hen shall attach On the first Monday iE
 March in eack year and shall HUt be satisfied ! oE renOged until such tax has been paid.
 "AIl moneys derived from taxes authorized by
 the provisions of this act shall be pad into the
 Territorial treasury and shall De applied-
 "First 10 the payment of the interest of the
 hoBds issued hereunder
 Second To tbe payment Of the principal oi
 such bonds: Provided That all moneys re
 naming in the interest fund after the payment
 Of the interest. and all moneys refnaining i fhs
 redemption fund after aIi said bonds shall have
 paid and discharged. shall be trsRslerred by the
 Territorial treasurer 10 the said general fund
 Tar zo4s. Sec TO. Whenever sfieT the ex
 giration oi The fifty years rom the date of issu
 sncc oi any bonds under this scs, ss@re remaiHs
 after the payment ei the infer st as pro.ded iu
 the procresiing section. surpaus o; ten thoL sand
 dollars or more. it shah be he duty Of the Ter.
 ri;oriai treasuTeE 10 advertise. as n the mannsi
 oi advertising by the loan commissioners fol 1 bizG for sll- of bonds. which advertisement 1 shall state the amount Of money in Tne sedemp
 ii,Aa fuId and the number of bonds. numbering ! them in order Of their Issuance conHSzncing d
 the lowest nlmbeF then outstanding. wiicf
 st.ah fund $ set apart 10 pay and disclaEge. and l q such bonds so numbered m such acyertismcn 1 shall not be presented fog plynlcnt and cancel
 !atiou at the expiration of such publication, iher { such fund shall remain in fhe treasury tO dis
 charge such bonds whenever presented. but thel
 shall draw no interest after the expiration O
 such publication. Before any such Joais siIal
 De paid they shall be presented 10 the IerritOr
 ai auditor Eho shall endorse Dn each bond ih' amount due thereon and shali wriie across th, face thereon the date oi its surrender and th'
 name Of the person sarrondeFing. The Tern ! toTiai Auditor shall keep 2 record Of all Bsad issued 7.nd disposed of by the Territorial ueas 1 urcr showing their number rate Of interest dai'
 and amount of sale. when. where and 10 whom
 plyable, and if exchanged for what. and wher presented for the redemption. the date, amour
 due thereon and person surrendering.
 TEe-ocards of supervisors os Ike coaatses, tb, th0fized and hrsctsd 10 report 10 tAe loaa com | n ssi ners Sf The Territory ther bondei and cut ' standing Indebtedness a1d sAid loan eoAmIs | siOucis may. on VI ilten demand, rcqaife GD oHi cai report rom tac bJsisi ef supervisors q cfs; ties the munt1 ra 0r school au.hcritiss, oi thei
 loan ruIamis-soners sha prOsi ie fsr tae redeem l ing O4 refnnding of The couufy. man4cipal sni -choo dIitrict ib1sb,eaness. upou the otnc al de
 ma d Of said a1thoTities, in the same mtrner a
 Ofa.r TeTr''oTiai iH5cbLsdness. and they shall ssn : I bonds for any inde1tets@-- now aiiowea, or tha may b. hsTeafter allowed, by lsH to sad eoan'y ! mGuieipa fly oS shool district, Hpoa oficial de nlEBd by sad guthor fie-. fhe county, municipal a ity s-hooi eisEricf to pay irto tke Terriotia
 treasury, ia addton Q ail otaef tsxe' sutnOfIze' ! 1 hy law. such smoaats as may De difested by Tn 1ergifoTiai board of equalization, or theiT fsii by tse Territorial aaais s 10 ee levied fSf "a ! ! payment of the principal of the houds issned ii r l Te1emPuon, TefJna.ng Q. other boEd' issued {
 sHch eou asy. municipality or sen oi ai-sFiet wiei
 tAe sane snall hee1me dHe. and ia sdii ioa a rat ? or ioiefest paid bT tns Tergto-y on sreh bonds. Par. 20ss. Sec Il. When ths treasurer pays Q 1 redeems any iBdebtedDess be shall iudo-se. b
 sr-iin or starayire iaInk the face of the pape evi1sncing saeb indebtedness 90 pad refe med 1 tise e0.ds redeemed and canesied- with fh. ea ? Of cancellation. He -AsH sesp faiI asd psriIel i lar acc0Gns sgd record of all bis prsceedings un Ger this ta l. and of the bonds red semed a1d s1r Te1esree. anS te shzl. Ira lsnlis f5 the govern0 | an ab--raet of 4i his proceedings under this ec aith his sBnasl eJurt Io he by ths goveruos. laa z before the lerislsIurc lt is meefng- All book s ana papers Ee-' aisiGg Co the mottsr provided |
 tbis set shall at Eil tmes be open Co [ he iazpee . ton of the pa-ty infeFcsted, or tie govsrnof. o.
 e1ramitee nf either branch cf ths le -latGre, orl e joinf commit co Of both.
 1 Par Sf50 Sec f2. lt fhiH Be ike du1y Of r. Territorial treasurer tc vay the interest on ssi hops when the same fais Ere 1Rt ef sait interes 5 1 fano II suffc.sut. aud f saia EErd he uos su1 Q cent taen 70 pay ths sfic escy est uf sbe genera fund: ProviSea, fBat ihe Tsfft fih su.at .r shal
 fret draw his Narfanf on f8e q t-e tsgrei l. rayab'e t1 the orer nf q rd sreasu-cT. i9- sii anoauf of saet cefeicDes o1t nf .ke general fsna
 Par 205f Sec. I3. It shsa be the daiy of sai z I,a~. r,rr To rGair- of