Tombstone daily prospector., 1890-07-29

| 0y tho Governor and deposited and filed | with ihe Secretary of the Territory and re. l corded by him in book to be kept for that | purpose Aud the said treasarer shall stand l eaarged upon lls official bond for the faith l ful performance of the duties required ol 1 him under this act
 Par, 2n4s. See. z The Territorial treas. urer shall sell said bonds for cash CT ex | 1 change them for any uf ihe indebtedness, | fer inc redcmpteD Ut Nhich they we're so | issued, huf in no case shali said bonds be | | sold or exchanged for less than their face I or par value and tLe accrued interest at the | time oi disposal nor must any indebtedness | De redeemed at more than ts face value and | any Interest That may be due thereon
 "1hai said treasurer shall indoIse by l xfifing or stamping in ink, oa iLe face of ille paper evidensing the indebtedness re eeived by him in exchange for said bonds the time Whcu and lbe amount for which ex. Par 3oi6 Sec & Moneys received by sad treasurer, shall be applied by him to the redemption of the indebtedness, for the re dciupiion Of which bonds were issued and tiie treasurer siall give no'ice as Is provided | bs lays iH ease of payment and redemption cf Territorial warrants, Of his readiness to | redeem such indebtedness and theraafier | Interest on all such indebtedness dae and outstanding shall cease.
 Before any such indebtedness shall paid the Territorial auditor fhall indOrse or | each certificate the am punt due thereon and shall write across she face Of each tue | date of it's surrender and the name of the persoa surrcndcriug, and shall keep proper | record thereof
 Par. 20I7, Sc 9. There shall be levied annually upon The taxable property h this | TerFigery aEd in addition to the levy for other authorized faxes. sufficient gum to pay the Interest all bonds issued aad disposed of In pursuance of Inc provisions Ol tlis sci to be placed in the Territorial irelsary to the fdad Co be known as the Interest Fund.- | And fifty yea.s after such bonds shall have l D eR issurd sucl sCdititional amount shall he l ieyse1 anEuAily as will pay tsn per cent of the total amount .Ssued, ungl all the bonds issutd l under the provisions Of this set are paid and dfsehsrged; n,thiag herein contained shall be Icoust-Ued 10 prevent the Le,islaigrr Of Ari1ona from creating a sinking fund Gurng the life Of sa | boudi for iheir redemption ai lgaiarity.
 The Territorial Board uf Equalization, or Os their f,i-uFe. the Territorial Auditor shall determine the raie of tax tO be levied in ihe different counties in ths Tei situTy Co carry out
 the provisions of this act ard shall certify the
 same Co iisc Board of Supervisors ia each county and Co he Eia:ieipai or school an;hor, stcs. aEs hereby required Co enter such raie on ts5iT asseSsnIeut rolls lu ghe saIlc manner and with the same effect as is provided by law iH re.
 ia;iOn 10 other Territorial, county municipal ard school taxes Every tax levied under the provisions oi authority of fb:s act is hereby made hen aga3ast the property assessed. | AAliGA IGu sE4dA AltaGHl Nl tlc NEtk AaOAQ4N lG
 March in each year and shall not be satisfied
 or removed until such tax has been paid.
 aAl moneys derived from taxes authorized by the provisions Of this act shall be paid into he
 Territorial treasury and shall be applied
 "Tirst 10 the payment Of the interest Of the
 hOuds issued hereunder
 Second To the payment Of the principal of such bonds; Provided. That all msneys re
 nllining in the interest fund after the payment oi the interest and all moneys remaining iu the redemption tIInd after an said bonds shall have | paid and discharged. shall be transferred by the
 Territorial treasurer to tbe said general fund Par. zosS. Sec 10. Whenever after the ex- ipiration 0i the fifty ye1Ts from the date of ssa-
 anca of any bonds under this act. there remains after the payment ci the interest as provided in
 the proceeding section, suTplns often thousand
 dollars or more. it shall be the duty Of the er-
 rtoriai treasurer 10 advertise, as in the manner of advertising bY the loan commissioners for bids for sale of bonds. which advertisement shsli state the amount of money in the Tedemp- Il tiUn fund aud the number of bonds. numbering
 them in order Of their issuancr; commencing al
 the lowest number tben outstanding, which such fund is set apart Co pay and discharge. and | 4 such bonds SO numbered in such advertisement f shall not be presented for payment and cancel atiOn St the expiration os such publication, then
 such fund shall reznaiE in the treasury to dis charge such bonds whenever presented, but they | shall draw TO interest after the expiration of
 
 ! be pad they shall be presented te the Territor- ial audiior Nho shall endorse On each bond the , amount due thereon and shall write across the face thereon the date of its surrender and the name Of the person surroadering. The Terri , tariaI AndftoE shall keep record sf all bonds issued and disposed Of by the Territorial treas
 urer showing their number. rate of interest, date \ .nd amount Of sale when. where and to whom giyakle, and f exchanged for what and when presented for the redemption. the date, amount . | dae thereon and person surrende-ng.
 The boards of supervisors of ita counties, the , manicipa and school suthOrifies are sercby an i h1rized and directed 70 report tc Inc loan com ul isgisners ef the Terrtory theT bon6ed and out siJness may. on Vi itfeu demand. rrqEire an osf- cial report from the beard of slps-visors Of
 tiee the naHi, pal er school authorities of their 71n5ei and ourstaudinz indeblsdRess. and sal6
 loan commissioners sha provide for fhe redeem i rg or refansisg oi ihe eOaniy, municipal and
 chooi eiitriet indebtedness. upon the official de-
 aA e .sA A-...l-s = ss.==S fs..=fssT s-
 thfr Ters'osia indebtedness. and they shsli issuC bonds for any indebtedusss now allowed, or taat
 7lsy bs heresfter allowed by law to said county
 nu 1icipa fsy or school disirsct, rpOn cfaesai de ssaad by said author tiss. the county, municipal
 teasuYy, 10 addition t1 al other tsxe. authorized ! sy law such amounts as may be directed by the Terrforial hosrd of equaizatf.u, or their fsI
 are by the Territorial sneit9r To be ieEe1 for De payment of the pfis.eiPal of the bonds issued
 rc1enptiSB, refand.nR o other beAd- issaef to
 te szase shaii hec5n,e doe snd "a sedifion rate of inferesi pad by the Tsrrits-y oI such bonds Par. 2Os9. Sec Il. wEsa slse tseasurer pays or f se1cerns any iBdebfcdne-s De shall inrls=zs, S-
 Nrttn stamp 2 In ink ea the face of the paper syideacing such indebtedness 70 pad or re1eeled ras wcrd- 'rsaesmsd aud canceted Nith ihs cate uf eance IlafiG8 He sheH keep fail and pa-tica lar account and rcnort Of sii his proceedings der thss act sae of the bonds red lemed and sur , Fel1e-ed, and he shall fraosmi- to the governor
 ao abs-rlct of Ell hrs proceedings uncer the act
 siih his auussl eport 70 be Dy the governor, lssd h4fose the leeisiesars et ifs neerog. Ali books 1 aua papers gBerf ainIng 10 the Eotter provided E tifis act shaf at all trcs be open fh- inzpcc
 fion of the party interested, the governor. ora
 csmmi'tes of either branch Of the legislature, |. jolnf committee of both.
 , Par s050 Sec. 12. It shsH be the duty Of t5e
 Ten itoIsi treasnrer te pAl tbe fuiefest on sad
 hbDds when t5e fats sHc out df said interest hiud a sufneisDt: and f said fund be not sufls cant then pay the defeseucy 0us Of the general
 fond. pruvfded, that the Tent ssai AuftoF shall hrst draw hs ~arrast oa the Ieri osisi treasurer