Tombstone daily prospector., 1890-08-08

tticf, tu ihc sum equal to the smount of bouds delivered t0 him l,y tbe said loan com
 mtssioners. which bond shall Se approved by the Governor and deposited ard fled with the Secretary of the Territory and re- corded by hun ia book io be kept for that pHipose. And the said treasurer shall stand easrged upon his official boud for the faith fal performfn Of the duties required of him under this act
 Par. 2n4a See. z The Territorial treas uEUr shall sch sad bonds for cash CT eN change tlem for aiY of ihe iude btedness
 fer thr red mIiiou uf which they were so issued, hU' ia no ease shall said bonds be sold er eN hanged for less than their face or par ValUe and ttc accrued interest at the tiur'uf disposal nar must soy indebtedness hs redeemed at more than is face value and any interest that may De due thereon
 That said treasurer shall iudosse by
 writing or stani- ing in ink, on tie face of Inc paper cyidenciug thc indebtedness re. ceiyed by him in exehange for said Jonds, the iiule when and the amount for which ex. siisa=ess..
 Par. 2OIG, Sec. S Moneys received by sad treasurer, shall be applied by him 10 the redemption e the indebtedness, for the re- dcmpiion Of which bonds were issued and the trvasurer shall give notice as Is provided by law in case of payment and redemption of Territorial warrants, Of his readiness to redeem such indebtedness and thereafter Interest on all such indebtedness due and outstanding shall cease.
 BefO'e any such indebtedness shall
 paid ile Territorial auditor fhsi indUrse on each certificate the am 5unt due thereon and shall write across the face ot each the date of iis surrender and the name Of the persoa surrcndering, and shall keep proper record thereof.
 Par. eO47, sse 9. There shall be levied annually upon the taxable property in this TerIitery and in addition ta the levy for other authorized taxes. sufficient sain to f-sHs H1s sFN A s disposed of in puTsuInce oi the provisions of thls Gct 10 be placed !u the errii 0riai treasury in tie fund to De Enoua as the Interest Fund And fifty years after such bonds shall have b-eH ssaee such additt0nll amount shall be icElcd annullly as will uIy len Der cent uf the tOial amount issued. untii all the bonds issugd under the provisions of this aci are paid and discharged. nothing herein contained shall be construed tU prevent the Legislature Of Arizona from creating sinking fund during the fife of sa8d bonds for their redemption at maturity.
 The Territorial Board Oi Equalization. or on their failure. the Territorial Auditor shall determine the rate of lax 10 be levied ID the different counties iu tho Territory Co cary oui lse prGyisiOns Of this aci and shall certify lhe
 same Co the Board Of Supervisors iH each county and 10 thc municipal or school anthOr- ilieS. are hereby required f0 enter such rate on their assesslneni rolls ia the same manner and vilh the same effect as IS provided by laW iu re latiOn to other Territorial. county. municipal and school taxes Every lax levied under the provisions of authority oi ttis act is hereby made hen against the property assessed which lien shall attaca on the first Monday in March iH each year and shall nog be satisaed or removed untii such lIz has been paid.
 ''Ail moneys derived from taxes authorized by the provisions Of ;his act shall be paid into the
 leTrto.ial tres.zTy and shai be applied-
 Firsl 10 ihe payment Ul the interest of the h0nds issued hereunder.
 s,T .f such bonds: Provided That all moneys re uilining in tile interest fund afIer the payment of the interest and all moneys remaining ia the redemption tund after all said bonds shall have pad and discharged shall be transferred by the Tsrrtcrial treasurer tO the said general fund PaT. aoss. Sec TO. Whenever after the ex- p!raton Oi .he fifty years fiom the ta;s of ssu- ancC of any bonds under this act. there remains after the payment ci the interest as provided in the proceeding section. a sarpins often thousand dollars or more Il shall be ihe dusy Gf tse Ter. Fi,oFial treasurer Co advertise as in me manner oi advertising by he loan commissioners for hidS for safe of bonds. which advertisement shall state the amount Of money in the redrmp- tiun fund and the number of bonds numbering them in order of theIr issuanCe: commencing st the lowest number then outstanding. which such fund $ set apart 10 pay and ds>harre and ] if such bonds so numbered u such advertisement shall nOi be presented for p1ymcni and cancel lstion ai the expiration oi such pGbhcaiiOa then such fund shall remain in lile treasury 10 dis charge such bonds whenever presented, but they shall draw TO interest after the expiration Of such publication. peio-e any such ionds shah 5e paid they shall be presented 10 the Teritor- ial auditor ~hU shall endorse Dn each bond the amount due thereon and shali write across the ftce thereon the date Of it's surrender and she name of the person suTonderinZ- The Trni- torial Auditor shall keep a record of ali bonds issss--s and aisE.es= ei ks he lerEiscTial tse.s -g.s .g.. aEd amount Oi safe. when. WIeTc and 10 whom payabie, and if exchanged for what and when presented for the redemption the date amount l due thereon and person sureaderms.
 The boards of sRpcryiso-s OI tf eoHni'es, tbe municipal and seboOl authOEiiiss are .eTeby aa- thorizsd and airscted 10 report io the loan cOn
 a s-i ner- ot the IcTsst. ry the hJgcei aod Iut stzndinr Indebtedness a4d taid sosn tOHsa's- siore may. Ou i.tsn demant. qnir- off, ciA rapot from t4e bCa Il of supervisors 0f caGn tie- the mzrIt Ial TT school Eu .lri iv, oi their son C aud ou standing indehIedar-s and cad loan oorn.ni si9nt r. sha proSi e for the Tceeni ing rcfundigg of The cOunty, maniripal ADd rehool eiitriCf iBdebiedness, upoE the oile al d ma d of sia antaoritiez, iu the same ma-n~r othsr Tsrf-'fiz 8n eb.sdness and they si4i is-ue bnn6s for a ly inteNtedne-- now aIloWet or taat may be hsrrafIsr allowed. 5y laW ia sald coun-y mu icips ify or szh00l disfret. upon Cfie'sl de BtaEd by said auta0r ties. the county, mn1icipAi. iiy s~nool dis-rict 10 par into tss Tssri 6-irl tfcarury, ia aocion al ofaer tsxes Smtrofized by laW. such SD ounts fs may be tlifsr:ef by she Ierri oial Toad of equalization, or tkeir il- nTe by the TeTsio ia aueif1r. 10 bs esiei Ior the ptsmear of the pFi,lc,y ,yli gf the benes s-aed % re4emptisa. reflHa.,f CT o;ber band. issues t3 sash county. ulHnic9 ii-y sch oi Gi-trict wben tie sane stal fecJl.- dne. and ia cd dh io1 ra,e of iufefest paid by te Ter ifo on such bonds
 Par. 5oss. Sec ll. WBen Fhe ezsa. er pays or re1eeHns any indebts4ness hS shall ld0-se by wTtiin -fsnpi in ifS 0n fie fare 9f lie paper eyiaeacing net iudeb-.fi Sess pai or reie met The Eo d. 'ieieeiHei a-d ssHcsied. wi.h 'hs dafe of esHee lsi5oa. He sszil seeP Tail and pz-iiea- lar acouEDt and record cf all Eis pElee finCs m Ger Rus al aaa I the b9a4s red eIHed and sFr- fencercd, ani he shall tras-hit f5 ne governor sa sbS ract of a'i bis p7oceedinsz ureer thi- SCI sifh fis a1Hasl snrs 70 fe by the goyersor, lid tei0-e thc .rgIsHiu'e if m-siiag- All ho orks papers tss-i airiny to The ncttsr pr VI ed iu fhi- act shall at Si e mes b. open % he iaspec ton cf ths a v iuteae-fed, or tke governor, ora c.fn mi tee af eifter branch Of ths ie-iature O. q jaiEf commit ee Sf basa
 sar. 9ns. s@c ls IL shtll Ds ihe aufy Of the Te-fif0sszl frsasure- ts Par The infs. esl -ai b0Dtis Whe1 fbe me filis Ire of said utcrrs f1nc. f saficisut: sad if sri fund te Eot sun eiept then gsy h ,iefie.eeey out of the general fabd. SroYf3ei ], hal De nl .isl znfit sHali first draw nis Narganf oa Ie oritl tfe tsIrer, payab ( ihe Srfier of .ia .fea-arer. for the ounf uf sag- eefci-ne puf [ ie EclcfAi f1nd.
 sHz 2 he ftl- rrsV a.fd