Arizona silver belt., 1890-07-26

19rse on each bond the amount due
 thereon, aid shall write across the face
 of each bond the date of it's surrender
 and the name of the person surrendering. The Territorial Auditor shall keep rec
 ord of all bonds issued and disposed of by the Territorial Treasurer, showing
 .hsir number, rate of interest, date and
 amount Of sale, when, whore and to whom payable, and if exchanged, for
 what and when presented for redemption, the date, amount due thereon and person surrenderine.
 The Boards of Supervisors of the
 counties, tho municipal and school au- thoritles arc hereby authorized and
 directed to report to the loan commis- sioners of ther bonded and outstanding indebtedness and said loan conmission- ors may, cn written demand. require an official report from tie boards of super visots of counties, the municipal or school authorities, of their bonded and
 outstanding indebtedness, and said loan commissioners shall provide for the re-
 deeming or rsfundiBg of the county,
 municipal, and echool district indebted
 ness, upon the htficial demand of said
 authorities, in the same manner as other
 Territorial indebtedness, and they shall
 issue bonds for any indebtedness now
 allowed, CT that may be hereafter all lowed, by law te said county, municipal1 iiv, CT school district, npon official de- mand by said authorities; the county,
 municipality, or school district to pay into the Territorial treasury, in addition
 t9 all other taxes autherzeI by law, such
 amounts as may he directed by the Ter ritorial Board of Equalization, OF on their failure ly the serriturial Auditor, to be levied for the payment of the principal
 of the bonds isaued ln redemption, re- funding, or other bends issued to such county, municipality, or school district
 when th. sauie shall become due, and in addition rate Of interest paid by the Territory on Ench bonds.
 PAR. 2049. tSec IL. When the Treas.
 urer pays or TedeenIs any indeblednass
 he shell indprse by writing or stamping la ipk on She face oi the paper eyiden- ciag such iadab;edns so paid Or re- deemed the words redeemed and cancel. ed, with the dste of cancellation. He
 shall keep full and particular account
 and record Of all bic proceedings under
 this act, and of the bonds redeemed and surrendered, and he shall transmit to the Governor an abstract of all his proceed ,ogs under this aet with his annual report to be, by the Governor, laid before the
 legislature at is meeting All books and
 papers pertaiuing to the matter provided
 in this act shall at all times be open to inspection of the palty interested, or the tsureraes, CT committee of either
 branch of tho legislature. or a joint com mirtee of both
 PAR. 2050. {sec l2 It shall be the
 duty of the Territorial Treasurer to pay the iI.teIest on said bonds when the same falls da5 ont ni sail interest fund, if suf- ] hcent; and il said fund be not sufficient, then 10 pay the deficiency out of the general fund: Provided. That the Terri
 torial Auditor shall first dEa@ his warrant
 on the Territorial Treasurer, payable to th, order of sad treasurer, for the
 amount of such deho.ency of the general { fund
 "PAG 205L Sec l3 It shall be the duty If said loan commissioners to make t Il iust lcsjFtt tt Hi1 tlaSit ptNcFStAi8s bttl
 under the provisions of this act to the
 Governor cn cr before the first day of January of each year, and said reports shall be transmitted by the Governor or the Territorial legislative assembly. ,.Phh, 2952. (Sec. Ii No beut issped
 under the provisions of this act shall be
 taxed within the Territory
 SEc 15. That nothing in this act shall
 be construed to authorize any future in
 crease 0; any indebtedness in excess of tic limit prescribed by tie Harrison act Provided, however, That the pres en. a$istins Sad 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
 alsd be funded and bonds issued for Inc
 redemption thereof; and thereafter no
 warrants, certificates, CT sther evidences
 of indebtedness shall be allowed to issue
 or be legal where the same is in excess of
 the limit prescribed by the "Harrisori act. D
 ] All aets pr parts of acts ii conflict Eltl, | this act.eie hereby repealed