Arizona republican., 1890-09-02

date of it's surrender and and the name of tn,
 person surrendering The Territorial Audito shall keep record of all bonds issued and dis | posed Of by the Territo torial Treasurer showin. | their number, rate of interest, date and amoun | of sale, when where and to whom payable, anC 1 If exchanged, for what and when presented fo ! redemption, the date, amount due thereon ant person surrendering..
 1.-The Boards of Supervisors of the counties tn, municipal and school authorities are hereby
 authorized and directed to report to the loai commissioners Of the Territory their bonded and outstanding indebtedness and said loan com
 missioners may on written demand, require al official report from the board of supervisors o counties, the municipal or school authorities "i thelr bonded and outstanding indebtedness and said loan commissioners shall provide fol the redeeming or refunding of the county, nun
 icipal and school district indebtedness, upon the official demand of said authorities in the same manner as other Territorial indebtedness, and they shall issue bonds for any indebtedness now allowed or that may be hereafter allowed by law to said county, municipality, or school district upon official demand by said authorities: the county, municipality, or school district to pay into the Territorial treasury, in addition to afl other taxes authorized by law, such amounts as may be directed by the Territorial board of equalization, or on their failure by the Terri torial auditor, to be levied for the payment of the principal of the bonds issued in redem ption, reluhding, or other bonds issued to such county, municipality, or school district when the same snail become due. and ih addition rate of in- terest paid by the Territory on such bonds
 FAR. 2Ol9' (Sec. ll,) When the treasurer pays oi redeems any indebtedness he shall indorse. by writing or stamping in ink on the face of the paper evidencing such indebtedness so paid or redeemed the words redeemed and can eeled, with the date of cancellation. He shall keep a full and particular account and record of all hls proceedings under the act, and of the bonds redeemed and surrendered, and he shall transmit to the Governor an abstract of all his proceedings under this act with his annual re- port to be, by the Governor, laid before the leg islature at it's meeting. All books and papers pertaining to the matter provided in this act small at times be open to the inspection of the party interested, or the Governor, or n com. mittee Of either branch of the legislature or d joint committee of both.
 "PAR. 20jO. lSec. l2.) It shall be the duty of the territorial treasurer to pay the interest on said bonds when the same falls due out of said interest fund, if sufficient; and if said fund be not sulhcient then to pay the deficiency out of thegeneral iund: Provided, That the Territorial auditor shall first draw his warrant on the Ter ritorial treasurer, payable to the order of said treasurer, Tor the amount of such deficiency out Of the general fund.
 PAR 2O5l, Sec l3.) It shall be the duty of seld loan commissioners to make a full report or all their proceedings had under the provisions oi this act to the Governor on or before the first day of January of each year, and sald reports shall be transmitted by the Govern to the Territorial legislative assembly.
 FAR 2O12 (See. li.) No bond issued under the Territory"
 SEC; l5. That nothing in this act shall be con strued 10 authorize any future increase prescribed by the Harrison act" Provided, however That the present existing and outstanding indebtedness, together with such warrants as may be issued for the necessary and current expenses of car rying on Territorial county, municipal, and school government for the year ending Decem- Der 3l, logO, may also be funded and bonds is- sued Tor the redemption thereof; and thereafter no warrants, certificates, or other evidences of indebtedness shall be allowed to issue or be legal where the same is in excess of the limit prescribed by the Harrison act"
 That all acts or parts Of acts in conflict with this act are hereby repealed
 APPROVED. June 25. 1890