Tombstone daily prospector., 1890-08-12

! Wiih tlr Secretary of the feFritory and re- ! corded by him iu a book to be kept for that | purpose. And the said treasurer shall stand | caaI ged upon his oniclai bond for inc faith | fal performance Of the duties required Of ! him under tais act
 Par. ansa See. 2 The Territorial treas | ufer shall sell sand bonds for cash CT ex | change them fsr any of The iadebIedness 1 for iile rcd mptian of which they were SO | isste@. but in no case shall said bonds be
 sold or cN hanged for less than their face | or par valilc and tte accrued interest at the | time O! disposal nor must my indebtedness | be redeemed at more than its face value and f any interest thai may be due thereon
 -1hat said treasurer shall indorse by l wTiilnE or stamping Ia iak, on tEe face of
 the paper eyidencinS the indebtedness re | ceiyed by him in exchange for said bonds | the tune when and the amount for which ex- 1 changed.
 Par 2OiG. See. s. Moaevs received by
 said treasurer, shall De applied by him to the | redemption of the indebtedness, for the re- dempiian Uf which bonds were issued and | the treasurer shall give notice as Is provided | 5y law in ease Ot payment and redemption | of Territorial warrants, of his readiness Co | redeem such Indebtedness and theTaafter interest on all such Indebtedness due and ! outstanding shall cease.
 Before any such Indebtedness shall be | paid ihe Territorial auditor fhail indoTse on | each certificate the amount due thereon and shall write across the face of each tue | date Of its surrender aGd The natne Of the | persoa surrcndering, and shall keep proper | record thereof
 Par. sO4T. ssc 9. There shall be levied | annually upon the taxable property in this | Teuiiery and in addition to the levy for | other authorized taxes. sufficient sum to | pay the iutCTCst on all bonds issued and I disposed of in pursuance Of the provisions of | this set tO he placed a the Territorial treasury | in the fund 10 be known as she Interest Fund.- | Ash ffRr hon aEm5 h..s | b.en issued such additional amount shah be | levied annually as will pay len per cent of the | total amount issued, until all ihe bonds issued | under the provisions of this act arc paid and
 discharged. nething herein contained shall be | construed to prevent the Legislature Of Arizona ! from creating sinking fund during inc life of ! sad bonds for their redemption at maturity. ''The TeTritUr.al Board Of Equalization, or l on their fsi ure, the ,IerTitCrial Auditor shall | determine the rate Of tax to be levied in the
 different counties in tho Territory tO cary oul
 the provisions of this act and shall certify lhe
 same to tie Board of Supervisors ia each | county and 10 the musiGpll Or school author ities, are hereby required 60 enter such rate on l their assessment rolls iu the same manner and 1 wiih the same effect as is provided by law in re
 lluOn tO other Territorial. county, municipal l apd school taxes Eyery tax levied under ihe l provisions Of authority Of tbis act is hereby 1 made lien against Ihe property assessed l which lien shall attach on the iirgt Monday in | AlAfEu lu talCA year anu shall Dol DE s2ftsNeu | or removed until such tls has been paid, 1 "AIl moneys derived from taxes authorized by
 the provisions Of this act shall be paid into the l Territorial treasury and shall be applied
 First 10 inc payment Of thc interest Of. the ] honds issued hereunder.
 l Second To the payment of the principal of
 such bonds: Provided. That all msneys re 1 uainIng in the interest fund after the payment [ Of the interest. and all moneys remaining iL the
 redemption fund after all sad bonds shall have i paid nd sis-harged. shall be transfs. rel by tte 1 Territorial treasurer to the said general fur q | Par. 2a5s. Sec TO. WheneveE after the ex 1 plrstion of he fifty years ftom the date ol ssu- 1 auc- of any boaGs andeT this act there remains l aftes the ptymcnt Of the interest as provided in
 the proceeding section suTplus Of ten thousand I dGlltrs oT mere. lt shall be ibe duty of the Ter, l rigU-ili treasurer tp adseTtiss as in the mGuneT
 oi advertising by tbe loan commissioners for | bids for sale Of bonds. which advertisement l shall state the amount e money in the redemp- | ton fuEd md the number Of bonds. numl ering ! them il order 0i their Issgzlace: commencing al l tn lowest number thea OuistsHdinz. which l su b fund is stt apart to Ely and discharge and | if such boads so numbered in such advertisement
 shall pot be presented for payment and cancel- 1 latiOs at the expiration Of such publication then
 sHch fund shah remain in the treasury Co dis
 charge such bonds whenever presented. hlif they 1 shaii draW TO interest after the expirauoa of
 such publication. Before any such ionds shall
 be paid they shall be presented tO the Territor-
 ial auditor ghO shall endorse Un each bond the
 amount due thereon and sh ali write across the
 face thereon the date Oi igs surrender and ihe l name Of the person surrOndering The Tefri-
 tcrial Auditor shah keep record Of all bonds
 issued and disposed of by the Territorial ueas.
 urer shOS ing their number rate oi interest date | and amount of slle when. where and to whom
 Tsyssss.ss5, # slsls,siissi f0 ~It and when
 presented for the redemption. the date, amount ! due thereon and person surrenderiHg.
 ! FTlfs k arflz 8f AuF Yiao a he | municipal and scho0l suthorities are -ercby au-
 tE2riz' q and dirlttsd 10 report To the loan com
 m ssi ners of the fcrnt ry the bonfci ard cut
 stEndinz intc5,tdness and ,sid loan eomuls- | E.one-s may. ou " l-ten demand, q qairE off,
 Cal report rem tas b. a-d of supervisor oI csup
 te-. the nlDe gal '.r school euthcrI iss ol their
 ben c and On standing indebtedness. and cad
 loan eomnsi sisHers sha pFuyi e for ine redeem
 ing or rtfnndine of ihe county, municipal and
 school diitrict Indebtedness. up0a the sfic d =
 ma d uf stid auth0rite- 10 tbe same InGs nsr as
 otnrr Territorial in ebtedlesr and they shai issue
 bonds is- aty iHJe'isedue-s now aliopef or tlat
 may b, heresfter sIowad. by Inv ts said county,
 Du .iciPa iry or school disirc upOa ofleiai de,
 mahd by said author lies. the eonuty. municipal
 fly or s1aoo district 10 pay into tse Territorial
 tIeA-uTy u addition tD all otSer tsNes gut s-ized
 hy law. surh an oEuts as may he difec-es by the
 Teri'o-la board oi eqaaltzstsonl or on tser fsii-
 by the Terrii5 isi auditor. 10 bs eyed fBr tSe
 payme3; of the principal Of the b1pds issued 70 ! Tssenptioa, Tsfnpd-ag or other bOEd- issued t1
 such eouuiy. municIpEhfy or sch ol district when
 thc sane zHall hecJsne due and n addi ioa a rate | Of iate esf paid by tte Terrifo sath boi.6s | Par. 20f9. Sec II. When the easu-e- pays or ! rei@-as4= any indebtsdIess 5s shsn indorse bE
 srrtiu stampit gin ink on tfe face of the paper
 eYiceus tug such indebtedness pai 1r Tcfe mel.
 tle wo d. fe ieemea acd eanesied.' Ni'h ghs dafe 1 Of canccilaiiOa. He shall Eeep foil and pa-iica-
 lar aceiunt sud record of aii his prDce-dings uu. | Ger thi- .. t and of tae bonds red cmeG aad sur l enoerec. and he shzl. ffaTsmit Q Inc g0vsruor
 abs uacf 0f Gil hIs p-ore=dinss urces tais act
 Nth lie annual e2art To he by ths g0yvrs or. bid l bef0.e the legislature Gt iis meefirg. All harks ! ana papers Der aniug to the mot,sT uT vi ed ia | thi- SCI sha at sll tn1es b. open Co ih- i8epsc- T f. aFsHH -r
 conmi tse tf eifher branch oi the issislztufe, | ioinl commit of t0f1-
 | PHs. tJ0. Ssc I2 ft thEn Ds the duty cf tfe l Tersiio sl treasurer Co pas fhe iu'e-e-t oa said
 bouds when tae same ftls sne uut rf ssi1 iutc-esf 1 flnd iF =uficient. sud f -sif fnrd he not sEfh
 cert ben to pay h defc5cncy Cut of fhe -cnersi
 f8Bd: sroyldei 1, ihaf the errit 1iu su5it5r sasl ! frst draw his NsFfaat ou tae eli oiIsl tFelsurer l psyab e the older Of u .reasuEvr- for fhe I rF Fa~