Tombstone daily prospector., 1890-08-02

ms s-sioReTs, which bond sbAl Se approved l bv lac Gnvernor and deAosited and filed l wul the Sec eiaTy of the Territory and re-
 eardvd by hlm in book to De kept for that l purpose. Aad The said treasurer shall stand 1 caargcd upon his utiiei d bond for Jhe faith. 1 ipl pcrlormalFce Of tbe duties required of hiIu under this act
 Par, ? 24s. See. 7, The Territorial treas l ufer shall sell sad bonds for cash CT ex ch1uge thcuI gav any uf the indebtedness, | fer ie rcatpiI tiou of which they were so l issued, hut As TO ease shall said bonds be 1 cold or exchanged for less than their face l ar p&g value and tte accrued interest at the tsnfe oi tispcsal nor must any debtedaess tre redeemed at more than ifs face value and any interest that may be due thereon Ihat isa.d trUtsurer shall lndorse by writing sT stam i1g in ink, Oa tLe face of lac paper esiGenciug the indebtedness re- eeifed ls hiuI ln exchange for said bond>, tie tl2c g aea and the amount Tor which eX- changed. Tar aJ36. See. & Moneys received by sad treasurer, shall be applied bF him to the redemption o' the Indebtedness, for the re- dFup;ion aE which bonds wete issued and , the treasurer sbali give notice as is provided t1 lsW Ia ease ot payment and redemption Of Territorial warrants, of his readiness to redeem such indebtedness and theraafter [ inisraston all such indebtedness due and outstanding shall cease,
 Before any such indebtedness shall ] paid ,Ae territorial auditor hall indorse on eaei certificate the amsunt due thereon and shail write across the face of each the I dulc cl Us surrender and the name of the | pcrsoa suirendering, and shall keep proper record thereof.
 Par soi7, SC 9. There shall be levied ! annually upon The taxable property in thls TrrTltery aud in addition to the levy for ! other authorized taxes A sufficient gum to pay the interest on all bonds issued and | disposed ul in pursuance or the provisions Uf tls net 10 Dc placed Il the Territorial reasu-y | ia tlfe fund To be known as he Interest Fund. AEd Hftg yelrs eiicr sach bonds shall have 1 h-en i5sad such ediiiitionai amount shall be | i1ris3 sruually as wlIl pay ten per cent of tAc 1 io,gl anEgaaI issued. until alI the bonds issued | under tho provisions Of Jhis act are paid and i CaclrlTEs-i Ht,shins herein contained shall hs | colstgI=l Co prevent thc Legislature of Arizona l iGgm creating a sinking fund during the life ol !. s8 bonds for tleIr redemption at taa,usity 1 The Territorial Board of Equalization or ! oE ttisir flituEe. tae Territorial Auditor shall 1 GrFermiue tie raie Of lax to be levied in ihs | different csunces in tha Territory to carry out 1 lle pro ytzi8ns oi this Sct ard shall certify lh-
 sssHa to tle Board Of Supervisors ia each l coJaly and Io the municipal CT school anJhor- | lles, are hereby required Co enter such rate os | their assessment rolls iu the same manner and
 ulih tilr sane effect as is provided 5y law in rc ! isisa Co other Trfriioria county. muuiciDal ] and school taxes. Every tax levied under Inc 1 FrOvisioas oi authority of this act is hereby ] iIfH-aE sl'1l @lAsl ne pf1ISEEN AseEsaGsQ, ! U!aCh Leo shall attach on the first Monday in | March 10 each year and shall not be satisfied 1 Ur removed uEtd such lax ias been paid
 l Al moHeys derived from taxes authorized by
 ths provisions 0f this act shall be paid inio the ! TcIritplill t-easury and shall be applied | "First Co The payment Uf the interest of the
 bonds issurd hereunder.
 1 Second To the payment of she principal oi 1 s1lh bJadg: Provided. That all meneys re ! HltIaigg ia the interest fund after he payment
 ui the interest. and sll moneys reiaaining il. the
 redemption lsiad after all sad bonds shall have paid and discharged shall be transferred by the
 Territorial treasurer 10 the said general fund. Par. 2o4s, Sec TO- Whenever after the ex-
 rTaTi0a of :he fifty years ffom the date Of issu- | arer of any bonds under this act there remains
 fier the payH1eut oi ale interest as provided in
 taZ processing section. a surplns cften thousand
 d3afs or more, t shall be the duty oi ,he Ter | fi.B-sl treasurer % advertise as in the manner
 of advertising by the loan commissioners fo.
 lias Tor 5ale oi bonds, which advertisement, | Eilsii state the amount of money in the redcmD- ] Hon ilsEd and the number of bsnds. nanlhcTine i tAen ia order 0f their issuance; commencing al ! tae loves, uumbeT theu 0uls.lndsag which ] such sGnG is set apart 10 yaT and discharge and
 sf such bonds 90 numbered in such advertisement
 sAall not bc presented for payment and cancel.
 iatioa at the expiration of such publication then
 such fund shalt renasia 10 the treasury to dis
 charge such bonds whenever presented. but they | a-f+4l aFslA 20 interest after the eEpiFat3On gi
 sg1h publication. gef2fe any such isoads siaIl | be pad they shall be presented te the TcrritoT- l nj auditor shO shall endorze tn each bond the
 auiSuut due thereon and shali Vrjte across the
 face thereon lEe date cf Us surrender and the
 rage pf tAe person szrrOndering- The lem i Josial Aadii5g shall keep record of all bonds
 issued and disposed oi by the Territorial teas-
 urer showing thsir number, rate of interest date
 zna amount of sale. when. where and to whom
 payable and ii exchanged for what and when
 presented foF the redemption. the date, amount
 due thereon and person sunender!ng.
 ! Hl4e buards ef supervisors Of tkc counties, tkr
 rianicspsi aud school auLhorities are 3ereby sa-
 Tt7rizs q saf Girstted 10 report 70 the loan com
 lh ssi nsfs of tae Tcrrtr1ry iber bonded and out
 sfandlIg indebtedness aad said joan eoMmIs-
 EioueIs may. v1itten demand, require afi off,
 eiai Frpa.t from the beard Of supervisors Of c0nB
 fJeF. ne munlt pal nr school authorities of their
 hon tc } a1t ouistanding indebtedness, asd sale
 loan conaatzstaners ss,al p-uvi1e for me redeem ! ErS CT raisndfas oi tho coantg, munieiPsl ard
 scaol diitrict 5ndeh.l1ness. up0H the oiic ai de-
 I1asG Of sfid authorities. in the same manner as
 ctfr Territorial indebtedness. and they shall issue
 bonds for aay inee .tesins=s nos aiiOwe1, oF tHat
 may ilg hereafter allowed, by laa to sad eonn'y, | InEeicipa fly sshcol disfrlct. upon official de
 TIGCd bT cad anthor ties, tue county. niuHie!=Si
 isy or s-hooi oistriet te par iHto tae Territorial
 treasaFy iH addrion f5 al otaer tsxes authorized l By law. such amounts may be direcied by the
 IesIiioTiai board Oi egusii zatoE, er their fzi
 ure by ths TerTfofIa aae Or f9 bs }cyied for fSe | payuelf of she prisripA of the bonds issCcd iu
 rsfsa2 Ptasa- ssfgfd.nG of olhsr hoads issuea to
 at EI~tftc1 NEcD ! rie sane shall hcc3me GEe. and in zdai' oa a rate | of interest Paia by .Es Terfifo on such boHe=. Par. 20I2. Sec IT.. When The treasurer psvs O. I Ee1eews ssss f1aehtednsss h= shall iBdorse, bE
 uftffns siaEnsrg in iak the face ef tte paper ' svisgnging fuch indebtedness 70 paid or rede med 1 the Wssds redeemed and eanceied. with The cate C c1Dea .iafioas He shal keep fnil and yartiea | l-r seelInf and record of al hs proceedings na- ] Ger thls asf ei5e of tle bonds redeemed and slr- | lsadefed, sad 70 sAal transmit tc the governor 1 aa sbsirzct of ail Ais proceedings under tks scf
 Nfn nIs aluual sepsTt n he by the goverror, lsid ] telsss the legislature st its meeting. AlI books 1 a1 papers fs-fa faiBiE9 to the mottsr ursvised iii
 ts5s act shais at ali taes be open to she faspec-
 ton of the party interested, ot the governOr o,;s
 committee ef ether branch Of the isislEt are O. I joint committee of both.
 Par. aj5o. Sec, I2. II shall be the dufy of t6e ! Ieuiforlai iTsassrsr t9 pay tke interest on said
 bonds then the fslis sae 5at of sad Interest I iine- ' sufficient. and # saii fsEd be not suH
 cent, then pay t defc-e1cy uat ef the gs1ssai
 fand. PFoeiae7 ., tii tis FsrritJFiai s1ditlr shai
 hrst draw nis Nsrfaut the Tern ofai Ire tsrrer i rayah.e t9 tte o.cef Sf s.f9 srcasHFes, for The e1suuf of sucA defrsency oct of the general fand ! Par. 5G5i, Sec. ia. II shah be skc duty Of said | lTan com us-i 5seFs Co make fail report ef asl
 t.sir prooscdinss had under the provisions oi the | F..et a