Tombstone daily prospector., 1890-08-09


 buuds delivered tn nun by the said luan com u. ,ionsrs, which bond shall be approved by the Governor and dspOsited aud fled with the Secretary of the Territory end re- corded by him in a book to be kept for that purpose And the said treasurer ehali stand e1arged upou his official bond for the faith fal perform, ne Of the duties required ot him under this act
 Par. 3n4s. Seo. : The Territorial treas unrT shall sell sad bonds Tor cash CT ex cilaiige them fuf any td ihe indebtedness, for tlse redeem i'iiAn Ui which they were 50 is,sIed, Ja; m no ease shall said hopas be sold or t-N hanged for h,ss than their face or par vsll.e and ise accrued iBtercst at ihe time of disposal nor must any indebtedness be redeemed ai more than its face value and any Interest that may be dae thereon
 That said treasurer shall iDdo SC by STiling or stamping iH ink, on iEe face Of tlie paper eTidenciug tke indebtedness re- ceiNcd by him In exchange for said bonds, the time Wheu and the amount for which ex. changed.
 Par 2e{5. See & Moneys received by sad treasurer, shall be applied by him to the redemption O' the indebtedness, for the re- demption of which bonds were issued and the treasurer shall give notice as is provided by L,S in case ot payment and redemption of Territorial warrants, of his readiness t0 redeem such indebtedness and theraafer interest on al such indebtedness due and outstanding shall cease.
 'Befu e any such indebtedness shall
 paid ihe territorial auditor shall indorse on each certificate inc amount due thereon and shall write across the face of each the date of itS surrender and lhe natne Of the Persoa sufrenderlngr and shall keep proper record thereof.
 Par aoi7, sc @, There shall be levied anauslly upon ihc taxablr property in this Trrii,ery and ia addition tp the levy for 0ihor authorized taxes, sufficient gum t9 pay tbe interest on all bonds issued and aispoSE4 af i;3 ftlss gaseg of tl3e provisions of this scf to bc placed in he Territorial treasury ia the fund b be known as the Interest Fund And fifty gears sfIeF such bonds shali nave b -en issued snch additional amount shall be levied aHnuaiiy as Sill pay Ten per cent Of the total amount issued. until all .he bonds issued unasT the provisions Of this act are pad and dsrh4rged: n,th!ag herein contained shah be construed i0 prevent the Legislatgre of Arizona froFr creating a sinking fugd during the life of sad bonds for their redemption at Iuaiurity-
 The Territorial Board of Equalization. or on their failure. the Territorial Auditor shall determine ihr iaie Ol tax to bz levied in the different counties in ths Territory % cary out the prCyisIuus uf this ac; a-.d shall certify lhe same 10 tse Beard 0f Supervisors ia each county and 60 the municipal or school anthor iiies. aIe hereby reguiTed Co enter such raie o.I their assessment rolls in tbe same manner aad uI.h IiIc same tffrcl as is provided by iaW in re Gls and school taxes. Every utx levied under the provisions oi authority oG ;tss act IS hereby made a heu against the property assessed which li=n sha!i att4cb on the first Monday in March in each year and shall not be satisfied or removed uEil such LAX las been paid.
 ''All moneys derived from taxes au,ho8ize1 by the provisions of this act siai be paid into the Ierriioial iEeaszrg and shall be applied -
 'Fisst to the payment of the ints.esI of the bonds issued hsTeuHSser.
 s'Second To ibe payment of the principal of Snlh b ynds: Provided. That all moneys re e ullining in the interest fund after the paymeat of lhe interest and all moneys remaining iu the redemption fund after all sad bonds shall have paid nd discharged. shall be transferred by the Territorial treasurer 10 ;he said general fund Par. zo4S Sec 10 Whenever after the ex- pirat0n Ot ;he fifty years from the date of issu- ancs of any bonds under this act. there remains after the p1ymelt ol the interest as provided in thv proceeding section, a surplns often thousand d6illfs or more iE shall be ihe duty of the Ter ritoriti treasurer % advertise. the rs1Bnsr ol advertising by the loan commissioners for bids for sale Of bonds. which adgerIisegnent sh Ili state the amount 0f mOnry in the redemp- tiun fund and the number Of bonds, nums ring them in order Of their issuance: commencing al 1 the lowest number then oGtst Indlng. which ! suh fund is set apart 10 pay and discharge and ] if such bonds so numbered in such adyerJisuIen; shali not be presented for plyhlent and cancel, .,ton at the expiration of such piiiic1iion then | such fund shalt remain in lhe treasury tC dis eh frgc such bonds whenever presented, bal tlsey shall flraW no interest after the expiration oi [ such publication. Pefo-c any snch s.onds siia | bc paid they shall De presented to the TeTitor. i ial auditor Nho shall endorse Su each bond ths ztsOuaf due thereon and shali wTite across tht | face thereon the date Of is surrender aud she | naffe Of the person surr0nderiRg. The Feri toFial Auditor shall keep record ef all bonds N -f.-. .r N -.la.s -n
 urer showing their number rate Of interest. dais ] .sad amount oi sale when. Shsre and to Rhou D yahIc and if exchanged for what. and wher presented For the redemption. the date, amount due thereon ard person surrenderiaG.
 l The h~arts 0t sgpcfvisofs O q c count cs. fhs
 msFlisit,sI and scsaoi furhori,iez are -ereby aH
 thdrizs ti an1 dir cted 70 report 70 the lqsn com i al ssi of the Tsrrf. ry the h5uee and cat | st sndinx indebtedness asd fa!d loan COHmls ] siaIe may. on N i.ten dema5d, r-Q ire au off | ea r-pot frcm tee boarc Of supervisors Of C oar tes, the munis ai -,r school Gu hen ies, Of thei | hen C and ou'standiRg Indsbtedavss. and iait 10 tn eamu si0at Ta sha pEByi ic Fer tHe Tsdecm ! iu z CT refurdfns of the county, m1uicipal snt school diitTiet indeb.sdAess. upon the ofie d da- ma q Of id aElhoritez, tn the same mI9ner ai
 otn. TesTi'+si in ebiedness. and they snail ts-gs
 bends for aa- inde 'sednezs now silpsse f. or t1ai
 may b- hereafter Ailow.d, by law 10 sad county mu icipa " CT shoci dislriets aSoH 2i1eai de -sud by said author .fie- tte eSnntrs unsiicipAl 1 ity hslei oistrict 10 pay ist5 tse rsrri'olI-
 sleasusy ih iGitiou ali otser ssxes sutaofizee
 s,y tasr rufh a1 o54uts Fs may be d.-e-'ei by tho Teri o.st eozse cf eqssli zzfSoH, tEeif fail
 aie by tse Territoiiql aslit5T. 10 bs eis for tSs ! p=yf8e9t of Ias pf5.cipai of the bonds asusd if | re se-np'ion, ref ind. .us of oibcr bond+ issaes
 sHch couaiy, Faupiolp ihsy ssh ol el-;ricf whs- e sane sbaH hecsDe afe- and in 1d 2 io1 rats Of ilie7csi rad by ffe ter7iio oI such bczics. | Par &0g9 Sec H. Neen fke t'eaSu-er }fays el | fe 'eems any indebfedness De shsl ind0iFe. by 1 wstfiR sismpi ui inS On the Ca 0f tbe pas'ei efise8si1.. such iuAeSisd ess pai3 or fets med
 ths xos q seseeaie3 and rsneeies.' vi h he dais f of esnes laisoa- He sbzli seeP Sail and Ps-iiea lar sccUnnt aBd Fecor1 of ali bis prBceedinEs an
 Ger thfs a ans os tle b9nls red 'eElsd and sur ] te tdsred, end he shals fFa9smt to the governor an abs-rset ef sil bis p-cces4inSs uEcef this ae'
 win tis annual .eyeFi 10 fe by tas governor, laid tefs-e fhc lezisisfp-e st iss m.efi e. All books aEg pateas le~ sining t5 The mottsr DIV cd iu Ihfs set stsaf at Eii tines bsoyrp to The i1spee
 ion cf the party interested nr the goferuo, ora committee ef esber bTsnck of Tbs legi-l4taFe, O. | iuint c0fgmit ec of hoth.
 Par ssa s=e l2. II shall De the dGfy or t-s I Teritofrai treasurer to pay the In'efe-t so saIf
 bubd- when the fails sac cat ~ ssid interes ! fund. if su.hclens. std fl faii fa1d Dc uot sEd
 cent then 10 pay ihs cefcle-ey ont of thc general ! fuDd: ProrI5ef, hal be Tr-rit gsai aahtH ssAi
 h-st draw his if te ri oII3l Ire seurer ! h he ,4lier rf .if Tor rls