Arizona republican., 1890-07-13

their number rate oi interest, date and amount of sale, when, where and to whom payable, and If exchanged, for what and when presented for redemption, the date, amount que thereon anu The Boards of Supervisors of the counties, the municipal and school authorities are hereby authorized and directed to report to the loan commissioners of the Territory their bonded and outstanding indebtedness and said loan com missioners may, on written demand, require all official report from the board of supervlsors oi counties, the municipal or school authorities, of their bonded and outstanding indebtedness, and said loan commissioners shall provide Tor | the redeeming or refunding of the county, mum icipal and school district indebtedness, upon the official demand of said authorities, in the same | manner as other Territorial indebtedness, and allowed, or that may be hereafter allowed,b by law | to said county municipality, or school district upon official demand by said authorities; the county municipaiity or school ddau ddsITc. '1 pag | other taxes authorized by law, such amounts as may be directed by the Territorial board 0f equalization, or on their failure Dy the Ierri. | torial auditor, to be levied for the payment Of | the principal of the bonds issued in redemption, refunding or other bonds issued to such county, municipality, or school district when the same shall become due, and in addition rate of ih- | terest paid by the Territory on such bonds.
 PAR. 2O49. lSec. ll,l When the treasurer pays of redeems any indebtedness he shall lndorse | by writing or stamping in ink on the lace oi | the paper evidencing such indebtedness so paid or redeemed, the words redeemed and can, celed,' with the date of cancellation. Re snail keep full and particular account ana Iecoro oi | all his proceedings under this act, and of the | bonds redeemed and surrendered, and he snail transmit to the Governor an abstract oi all ms proceedings under this act with his annual re- port to be, by the Governor, laid before the leg | isature at it's meeting. All books and papers pertaining to the matter provided In this act shall at all times be open to the inspection oi the party interested, or the Governor. or a com | mittee of either branch of the legislature or a joint committee of both.
 PAR. 205O. Sec. l2.) It shall be the duty oi the Territorial treasurer to pay the interest on said bonds when the same falls due out Of said interest fund, if sufficient; and if said fund be not sufficient, then to pay the dehciency out or the general fund: Provided, That the Territorlal auditor shall first draw his warrant on the Ter, ritorial treasurer, payable 10 the order ot said treasurer for the amount of such deficiency out of the general fund.-
 PAR 2O5l, (sec. l3) It shall be the duty of said loan commissioners to make full report of all their proceedings had under the
 provisions of .this act to the Governor on or
 before the first day of January of each year, and
 said reports shall be transmitted by the Govern
 the Territorial egislsNtiye s assemoa ;smaa nder the
 provisions of this act shall be taxed within this
 Territory"
 SEC. I5 That nothing in this act shall be con,
 saFosn oi sny % Indebtedness in % sxcess of the li%i Rse' However, That n' the present existing and
 outstanding indebtedness, together witf necessary and current expenses of car
 rying on Territorial, county, municipal, and school government for the year ending Decem
 Der 3l, 1890, may also be funded and bonds IS sued for the redemption thereof; and thereafter no warrants, certificates, or other evidences O
 indebtedness shall be allowed to issue or b legal where the same is in excess of the limi prescribed by the Harrison act.'
 All acts or parts of acts In conflict with thl
 act are hereby repealed.