Tombstone daily prospector., 1890-07-22

missioner, which bond shall De approved I by the Governor and deposited and filed with thr Secretary of the Territory sud re. corded by him in book to be kept for that | pui pose. Aad the said treasurer shall stand | caaTgcd upou his official bond for the faith I fal performance Of Inc duties required of | hini under tlis act
 Par el4s. See 7 The Territorial treas. arer shall sell sand bonds for cash CT ex
 change tkem for any of the indebtedness, | fer the redemption ui which they were 90 | issCed but in no ease shall said bonds be | sold or exchanged for less than their face | or par vKluc and inc accrued interest at the l time Of disposal nor must any indebtedness | be redeemed at more thaa Its face yalue and | any iniercst That may bs due thereon
 "That said treasurer shall indorse by | writing or stam- ing tn ink, on tie face Of the paper srideneing the indebtedness re cciyed by him in exchange for said bonds, l the time when and the amount for which ex changed.
 Par. 20i6. See. & Moueys received by said treasurer, shall be applied bI hiu, to ihe redemption of the indebtedness, for the re- dchiption of which bonds were issued aud the treasurer shall give no'iee as is provided
 by laU in ease Of payment and redemption of Territorial warrants, Of his readiness tO redeem such indebtedness and thersaiter interest on all such indebtedness due and outstanding shall cease.
 '.Bef1ie any such indebtedness shall be paid the Territorial auditor shall iudorse on each certificate the amount due thereon and
 shall write across the face of each tue
 date of is surrender and the name of the pcrsOa surrendering, and shall keep proper record thereof.
 Par. eOi1. Sse 9. There shall be levied annually upon the taxable prOperty in this Territefy aud in addition to the levy for other authorized taxes. sufficient sum t0 pay the interest on ail bonds issued aud disposed of in pursuance of the provisions of 1 this act 10 be placed in ihe rerrigofai treasury ! ia the fund to be known as the Interest Fund.- | And fifty years after such bonds shall have
 been issa-d such sddiiticnal amount shall be
 ieyied annually sa,J tsH ST ocii; os ;..;e l total amount issued, until all the bonds issued under thc provisions of this act arc paid and tdischarge1; nt'thing herein contained shall be
 cons t.tlud Co prevent the Legislature of Arizona | fronl creating a sinking fund during the life Of 1 said bonds for their redemption al uatuFiiy. The Territorial BO7rd Of Equalization. or
 on ihgir fsi urs. the Territorial Auditor shall | defe-Iniue the rate Of tax t0 be levied in the ! different counties iu tho TefritCry to earg out ] the provisions oi this act and shall certify he same 10 lie Board of SuperyisoTs ia each
 eounly ard 10 the musieipaI or schoOl author- iiUez. are hereby required Co enter such iafe on
 their assessrn-n; rolls in ;he same manner and l with the same efcci as IS provided Y law in lation to other Territorial, county, municipal
 and school taNes. Every tax levied under the
 provisions oi authority Of th;s ae, is hereby l made a lien against the property assessed,
 which lien shall attacb on the lrst Monday in
 March in each year ani shall not be satisfied i or removed until such tax has been paid.
 "Atl moneys derived from taxes authorized by
 the provisions Of this ac, shall De paid into the 1 TeTritOiial treasEry and shall be applied
 ~Firss t0 the payment of the interest of the honds issued hereunder
 | second To the payment Of the principal of ! such bonds: Provided. That all mSneys re
 nIaining in the interest fund after the payment
 of the interest and all moneys remaining iE the
 redemption fund after all said bonds shall have
 paid and discharged. shall be transferred by the Territorial treasurer 10 the said general fund. Par. zo4S, Sec TO. Whenever after the ex-
 pratiOn of the fifty years fiOm the date Of issa-
 sRcs Of any bonds under this act. there remains
 after the payment of the interest as provided in
 the proceeding section. surplus of ten thousand
 dollars or more. ii shall br the duIy Of the Ter
 fitofiai treasurer tO advertise. as m me manner
 Of advertising by the loan commissioners for bids for sale of bonds which advertisement l shall state the amount of money in the redemp-
 ton fund and the number of bonds. numbering
 them in order of their issuance: commencing al
 the lowest number then outstanding, which such fund Is set apart 70 pay and discharge. and If such bonds so numbered in such advertisement 2 shall not be presented for payment and cancel !ation at the expiration Of sEch publication, then such fund shall remain in the treasury 10 dis
 charge such bonds whenever presented. but fhey shall draw no interest after the expiration oi ] such publication Refo-e any such Oonds ssIai!
 be pa;d they shall be presented 10 the TerTitor- 1 ial auditor who shall endorse Jn each bond tue 2 amount due thereon and shali write across the face thereon the date Of iis surrender and ihe name Of the person sqrrondering. The Terri tOrial Auditor shall keep a record Of all bonds issued and disposed Of by the Territorial ueas
 ureT showing their number. rate Of interest. date } and amount Of sale when. where and 70 whom ff for yvh4f ard N-han
 presenfe5 for the redemption. the date, amount
 due thereon and person suuenderinE.
 a The boards of supervisors of q c counties, the
 municipsl and school auihOrities are 3creby au- thorized and dir scted to report to tks loan com m' s-ieRsrs of the Ter ry ihe,r bonded and Cut
 standing ipdebgednes- and fsid loan ComSafs- si0ners may on written demaEd, r,quire an off ciai report fromta boa-d ef supe-yisors or gun
 ties the mant ral or school author ies, of their
 ] bon ts and ou tstAniinz iudebtedness and sad loan comnissionrrs shA proyi ie for the deem. I jag or refgn6ing of the coGnfy, muBtciDzl and
 school diitTict indebtedness upon the Cfic al de- F mad Of id authorities, in the same niasner ss sth TeFfOrial in -ctsdness. and they shall is~us z bonds for aay iude5tedsess now sll0we1, or that may be hereafter allowed. by l<U to sad e0anfyi 2 mu1ieipa fly or shool disinet- upon official de maud by sid author iie-, the county, municipal ity or s-ho3l dIstrist to pay iStO tse Terffo-is treasury, a1itiofi al ot5er tsxe- CutoO-ized ! by law, sueh an oants a4 may be directed by fhs Territorial Eosrd af eq 1az tiOU, on their fsi
 by the Territo Ei u1eit9T To bs ssyied for tSs payment of the DEi..eipEl Of the bonds issued Iu rcce pl4DA. Tel or oEArE H9DtA@ A--hca
 sach couufy rnuncsp silfy or sch ol di-tfies whel the cane al lee due. and ia safi oI rate f of inie-~sf paid by tte TerIii5y On such bonds ! Par soss- Sec II. When the 1. .ssuret pays ei r | deems any iocebieiness he =h8h indorse, bJ Rrfin or stsmpi' in ink tte face cf the payei eFdeneng -ucb indebted less % pad o- Fe3e -Hied ' fh@ words 're5eemed aud cEnceied- win ihs ozis z Of csnc sls;ioo. He shzil Eeep Tail and pasfien lar account aud record Of sll his preeesfiinzs ' | Ger shi- V l. and of the b1bi- red -cned snd sa- s feadered and be sbaG trsasInit to the gayerno' T au abs ract Of all his p7oceedi1es under this Ee, Tiib Die annual eooEt i0 he by the cy-rIOs, isie 6 before ths legislature at ie meeii1g- All book;
 and papers per aiHing to the motter pr5Niced ii n tbis act shai at all tiues be open 70 the inspee ' lion of the party interested he governor, ora
 Duami-tee 0f ether branch Of the legislature, O. n igin. committee or both.
 ' Pz- z050 Sec 12 It shall De the duty Of ?, Te-rifo-isl treas1rer to pay fe in-e-ezt on sal bopds when sh4 fails 2He out of sad intcres e irs- if -nfse.eHt aud fl ssid fand be not sEai D cent then 70 psy hs defcsency out Of te genera
 ffand. trcxi1ei fl1s the Te-rt Fisl su6itpr shal 4 hrst draw hs ssrrant o1 tae Ten oTi1i fret-nrer V paysbe to the order of esid ifea-asef, for m - srck d-feieucv 0ur Of he ceEerat fund