Tombstone daily prospector., 1890-08-11

! a l bonds delivered to hin by he sad loan com l miSsiOners. which bond shall be approved by the Governor aud depositcd and filed with the Secretary of the Territory snd re corded hy him in book to be kept for thai purpose. And the said treasurer shall stand ! eIarged upon his official bond Tor the faith | fal perfoTmane of the duties required o him under This act
 | Par. a4s See. 2 The Territorial treas. ureg shall sell sad bonds for cash CT ex l change them for any uf the indebtedness 1 fer the redcmi itien Of which they were Sd 1 issaed, but ia no case shall said boncs be sold or ex hanged for less than their face CT par value and tLe accrued interest Et the time of disposal nor must auy indebi edness De redeemed at more than its face value and any Interest that may be due thereon That said treasurer shall indO se by NTiting or stamaing in ink. oa tie face Of the paper evidenciug the indebtedness re- ceiyed by Lim In exchange for said bouds the time when and the amount for which ex. changed.
 Par 20I6. Sec & Moneys received by sad treasurer, shall be applied bY hiui to the redemption of tbe inde btedness, for the re. demptian of which bonds were issued and tae treasurer shall give no'ice as is provided by i.E in ease of payment aud Fedehi gtion or Territorial warrants, of his readiness to redeem such Indebtedness and theraafter interest on atl such indebtedness due and outstanding shall cease.
 'Bef0se any such indebtedness shall
 paid Inc Territorial auditor shall ind0rse on each certificate the am puut dae thereon and shall write across the face of each the date or its surrender and the name Of the persoa surreHdering, and shall keep proper record thereof.
 Par. 2047, ssc 9. There shall be levied annually upon ihe taxable property In this TrrfiteTy and in addition to the levy for other authorized taxes. a sufficient sum to pay the interest un all bonds issued and disposed Of in pursuance of the provisions of this act % 5= Dllced ia the TcrrIioriai treasury iu the fund t0 be known as the Interest Fund. And fifty years after such bonds shall have ben issued such -ddii.tonai amount shall be levied annually as giN pay ten per cent of the total anloHnt issued until all the bonds issued under the provisions of this act are paid and discharged. nvthing herein 60 itained shall be cOHstlrd tB prevent the Legislature of Arizona from creating a sinking fund daring the life Of sad bonds for their redemption at maturity
 The Territorial Board of Equalization. or On their failure, ihe Territorial Auditor shall determine the Fafe oi tax 70 be levied in the different counties iu tas Tefritnry t1 carry out tie provisions of thIs act and shall certify lhe same 10 the Board Of Su1sryIsOTs iH eacl. county and to the municipal Ur school anthor ites, are hereby required Co enter such rate ou tlIejr Assessment rolls in the same manner and With the same effect as is provided by law ia re
 
 and school taxes. Every tax levied under the provisions oi authority of th.s act IS hereby made hen against the property assessed NhIch Len shall attEch on the first Monday iu March in each year and shall not be ssiisHed or removed uuti, such tax has been paid.
 "Ali moneys deTiyed frUrl taxes authorized by the provisions Of this act shall be paid into the TefriIo, ial treas@ry and shall be applied
 ~FIrst 10 the payment of the interest Of the Loads issued hereunder.
 Second To ihc payment Of the principal Of such bonds: Provided. That ali moneys re Q main3ng ia the interest fund aIler the payment of the interest and all moneys remaining i,. the redemption fund after all sad bonds shall have psId and discharged, shall 5e transferred by the Territorial treasurer 10 the said general fund.
 lar. zo4S Sec To. Whenever afte- the ex- pifation of :he fifty years fIom tlsr date of issu snc- 01 any bonds u1der this act. there remains after the payment sl tae interest as provided in the proceeding section, surplus of leo thousand d5,EI7s or more. it shalI be the duty Of the Ter Fit0riIi treasurer % advertise. as ia tue manner Of advertising by the ioan commissioners for bids for sale of bonds. which advertisement shall state the amount Of money ia the Tedemp- ton fund and the nuniaeT Of bonds, uumIe ering them in order Of their issuance: commencing at the lowest nuIfeer then outstanding, which slfGh furd Is set apart Co pay and discharge. and fl such bonds sa numbered 10 such adyeriisnent shall not be presented for pIYraent and cancel Iati0n at the expiration of such publication, then such fund slIali Een3aiH ID he treasury tO dis charge such bonds whenever presented. but they shall d.az 70 interest after ts expiration ssf such publication. Refo-e any such Lends shall be paid they shall be presented tO tie Ierriior- id auditor aha shall endorse ya each bond the amount dae thereon and shall wTte across the fice thereon the date of its surrender and the name Of the person surrondeTinZ. The Terri toriai Anassor shall keep record cT all bonds ssd rsf urcr showing iheir number. rate of interest date and amount Of sale when, where and t0 whom =s .s .S =. ;.- s.s,e sssss! =-si presented for the redemption. the date, amount due thereon and person sauendering
 , be br ards of superviEerH O. e c counties, the nuniSip=l and school su.horiiies gre -ereby au- thnrtzsd and dirsCtsd tO report 10 fbss i7saa El s-i of the .resF.t Y the 9oas l and Gut stsndiuk Indebtedness sad fpt1 lOau C0-uWss- sioEe may. on " i-ten dsmaHd, .quire an off, ciai report rem ths board Of sufe i-pfs Of conn tiss the maRis pal fr school niltoT ie-, oi their hea et and og sssan4ins Indebted ssss. and sa.d loan comm sion r- sha prOyi is fer me rsdceu- ing oT rsfaudiug q the county, mquirtSsl sud school ditriet Indebtedness. Hpoa tBe oflic a q E- ma d of id anthorities, tn the szme InNsner as otter Ter UFs in ebtedness and they shall iz-us bonds for a1t iade 'aedne-s now aiiosEei. or fiat msy b. hereafter allowed. hy law ia sad eogn'y, ma sfefJs fly or -5noo3 dis:r.et. apou Cgeial de manG 5y said author ties, the county, n1uHtci pel ify or h00i distriet to paT iuto Jse Terri'9-iai Ire ssury, adtIo3 tl al D otseT tsxcs eufsorizeG hy isw. saeh an Canfs ss may b. di-ec-e1 ny she Ge,rii io-isl foaro q s;isiizsfion on Iheir f-i ne by tse TerFitosia aacit9T. 70 be eAie for tse of the afiteipai of The bOres issged 90 Iese-ae.ion. TcfsH1.rs O. O.hrr bond issues to snc eou Iiy nsEacspzlity or sen oi district when tae siat Tee )fae dge. and ie ad-i io1 rate o{ inie-esI paid by ti Ter it5 % such bonds.
 Par 20f3. Sec It. Hnen iho sasnrer pays or Ie fsenr any indeots1Tess he shall indo-sc, by sTTtn oF sfampi Z in iHk the fses Gf tie p8per rsi fencing EHsa iude5ie9 psi or rete med, Inc ESa d. redeemed afd Leeicd. ihe siase Of cs nee ls:iOa- He -hail Beep rai and psriiea- fsr sccs1unf and record cf sH lis procs dings ur. Ger this z l. ssc Of tfe brnds red eEled and sJr- tereered. end he s1sii tran-mif to re governor abs rsct Of al his p-9eeediBss uneer fhis SCI vi Die aoRasl e5ors 70 he D. ti gsvsr o. laid tefJ,e the leeisiafu-e 1f i's ns-fifg- Al holss ant pAge-s per a5pTng G. tae mpt-r ur sy ed ifi this act elzii af all tss- De npel io fhe izspec- ion of the paty interested, CT The cover.aO, or e,rarniisee Ff eiihe- branch e tns iesls1ufe O. joint commit ec Of bosh. Par z0G1. Sec. lz IL sh giI ba fEe duty Of 1e Ts Ti.orlai treasurer to pa5 the ia-e---s ssi4 bopds wben tbe saEne ftils se Dut Of sold intercs fzno f safscisRt; sad f saif fana br not srin cieat then fg pay hs dcEcis~ey out of the general fpnd: Frova3e8 hal he Fe-sst iisi an.t shall frst draw hss srrauf t3e eTi efi9i t1e1surer ravab'e 0 The ozGer of z.Id 5reaEseT. fo- ths