Tombstone daily prospector., 1890-07-28


 bohds delivered to him by the said loan com,
 HissioneTs, which bond shall be sptrayed
 DY thc Governor and deposled and nIed
 ~hl ihe Secretary o' the Territory and re- 1 corded by him in lsaek to be kept for that purpose. And the said treasurer shalI stand
 eaai ged uppn his oflieiaIlboad for the falfh- raj performance of the duties required of
 htm under tl4is act
 Par s4l. See :. The Territorial treas
 urer shall seli said hauds for cash CT ex charge ihem for any of the indebtedness, l fer ths redemption of which they were sb l issued isut tn no case shall said bonds be 1 sold of eNChauged for less than their face l or raF value agd tte accrued interest at the
 tisns oi disposal HOT must any indebtedness
 oe redeemed at more than its face value aud | any interest that may be due thereon.
 That said treasurer shall indO-s -sc Jy { kriting CT stamping in ink, on tie face Of l ihe paFeF eyideneiBg the indebtedness re i ceivcd by him ia exchange for said bonds,
 tae time when and the amount for which eX
 changed.
 ] Psr. sQ46. Sec. s Moneys received bv 2 s,d treasurer. shsil be applied by hlth to the 1 redeuPtiOn of the indebtedness, for the Fc
 dempiioa of which bonds were issued and 1 the treasurer shall give n0,ice as Is provided | by liN in case of payment and redemption | pI Territorial warrants, Cf his readiness ta l redeem such indebtedness and thereafter | interest Sn all saeh inde Stedness due aud toG:standing shall cease.
 'before any such indebtedness shall paid tho Territorial auditor Fhal indorse on
 each certificate the amount due thereon and shall write across the face Of each the l date of is surrender and the name Of the
 persoa surreHdering, and shsli keep proper ] record thereof.
 Par. e3s1, Sc 2. There shall be levied
 annually upon 'he taxable property in this | ferTltery aud in addition to the levy for | other authorized taxes. a sufficient sum tu pay the interest on ali bonds issued and | disposed Of in pursuance CT the provisions of this act be placed in the Territorial tfeassfrv | in the id7d to be known as the Interest Fund.- l And fifty yeaEs sfter such bonds shall have b-en isssicd sgeh .dditsiionai amount shalt be | eFiei ahUuJlly as wil! pay ten per cent of the I total amount isSued. un;ii all the bonds issued l under the provisions os this act arc pad aud discharged; st'thing herein contained shall be coustruud to prevent the Legislature Uf Arizona l from creating a sinking fund during the lie oi sad bonds fgF Uheir redemption al u.atnr5ty be Terntagisl Board of Equalization. CT 0a their fsi-Err. the Territorial Auditor shall | determine the rate Of tax to be levied n yhe different counties iu tha Territory Io carry oJli | ,he provisions ef ihis act and shall certify the same to tjie Board uf Supervisors in each county and 10 t1e muiicipai or school author ties, are he7e5y required to enter such rate on | their asseSsr1ent rolls ir the same manner and sjth the same effect as is provided hy law iu re iati0n tc other territorial. county, municipal 1 and school taxcs Every tax levied under the | provisions oi authority Of this act is hereby made lien against the property assessed ahich lien shall attach on the first Monday in 1 March In each year and shan n0t be sstisHea | or removed uaiil such tax has been paid, @AIi moHeys deriyed from taxes authorized by the provisions of this act shall be paid into the i Territorial treasury and shall be appiied-- "first to the payment of the interest of the ! bonds issued hereunder.
 Second To tbe payment of the principal Of | E1Trk hstrrfz- ErmFasRsaF all
 inainiag in ihe interest fund after the payment ot the interest and all moneys remaining iu the redemption fund after all said bonds shall have paid and discharged, shall be transferred by the l Territorial treasurer 10 the said general fuHd- Par. 2o4s. Sec TO. Whenever after the ex- piratioh oi the fifty years flom the date of issu l ancc of any bonds under this act. there remains after tbe payment of the interest as provided in the proceeding section. a surplus often thousand dollars or more. II shall be the duty Of the Ter
 sit0rls treasurer 10 advertise. as in the manner | 0i advertising by the loan commissioners for bids for sale of bonds. which advertisement | shall s;aie the amount of money in the redemp- 1 ton fund and the number Of bonds, numbering | them in order Of their issuance commencing al | the lowest number then outstanding which such fund is set apart 10 pay and discharge. and f such bonds so numbered in such advertisement shall not be presented for payment and cancel alton at the expiration of such publication. then such fund shall reruaiR ia the treasury to dis charge such bonds whenever presented, but they shall draW no interes; after the expiration os such publication. Before any such bOnds shall be pad they shall be presented 10 the Tesritor- al auditor shO shall endorse On each bond the ameunt due thereon and shaii write across the face thereon the date of its surrender and the name of the person sHrcadsFing. The ferri- torial Auditor shall keep record of all bonds issed and disposed of by the Territorial treas urer sho~ing their number rate Of interest date q F~gs -bs.-s. PayabIe, and if exchanged for what and when presented for the redemption. the date, amount due thereon and person surrcndering The hc4rcs oi srperHisors of tLs counties, the tnEnicipsi and sehoo authorisies Grs hereby aa n sSir nerz of the Territory ther bonded and out sfaDding Indebtedness aud sald Ian cOmmfs- sloners may on iitten demand, reqaire sB on ! eai report from the bcard of sape-visors or sies te mHuit pal Ir school auhor iE@, Ot their 1on 3e ! and oatstsatiHz indebtedness. and saie iosn com uissisntrs sha proSiis fcr tae redeem l ing or refandtns of the eoabfy, mGaieipAi snd | -choo 6iitrict indebtedness upon the ofi.c al ds- ma d of said snfhorittes- tu the same mt1Rer az
 ta TerT' 0sEi in eebsseoees aud tney aaAll issn ho1cs for aqr iDdebEedz@s- now aiioWe7, or that |
 ssy be hereafter allowed by law D sasd eoan.y. idgrti ry s4ia author ties, he county, nsuaicpal iSy oE s,ko5l district to psy into Iss TeFrto:izi
 redsGry, i.i addition Q all otaer tsxei sutso'ized
 | law, snrh srDoants sH Inzy he dlye-:ed by the | Territorial fosrd of easlzstsr, of on tbeiF fsii- ne s tbe TerFifoyizi Hsiit1r io ba ssiea for tee f9sYElcAt oi tne pIlucipaf oA me upfsit ts-1=lGa -e5ssapssea sef5ac.ag or 6tbsr b5hds fSsaes t9 | suc5 eqpnty, .na,-irR5 ally Pr sch q d.-tret whss ffs ~sn ssair he me dae sf4A in aisi fo ! rate of inEe=est pad py sse Territg.y sn such bonds. [ Par. 2oa& Sec Il, When ihe t-eass5fer pays aI -eaesnns aay isseiytedrs@s he shsa snaoFse. Bf zpsss for stssaps n isk on tae f4es of uss pePs evidencieg euch infestetness 70 paid or reie Jns3
 i1e uosds resesuzed asd esnested. @ffh fiss eSfsi
 < esnse lafiop. Re sbali Eee9 faji kad pa ssy seegyHt ass Fsegg1 q sli his Psoeesdings Hn= se- ttis sst sodofl the bonds red a1ned asa ST. srcfsz.ysnE Ae 20 zl. tFastssit t tses sgCForDqF n ahss ract of all his p-oeeranss under fhis sct si.ssis snnaai 1eSort ts se fy D.. goserrOr sNs f aef5se he less=lss-sze- Hseets4s-Si hoslss ana papers per aInFsx to the sssotpr prpyissd iH Ftis aSt shsB at all ffules b2 npen-to the iaspee 5 t4f q lss sasty svtssssfsti osfIle soTesno-, ssa
 sausjf se q esf5ez brsnoh ol thsseslslztETe, or 5oinf cornH Hlif-ec Of bosA. i <- 071-f
 aRa- -ssxss Sec I2. Et slssii bs s5s dstz Of the fTerFfosisl treasurer te PaS the InisIest on sad 5cOds sfsa tne s4Ezb fajiE fse one ezseid ina -tt flnd. if saf5cicnt aid if said fand De not fu.h cert fheh s8 sssffis dedssrey ozt of the srsesi fond. proyt3e9. hat the TeIt wal susitgt sssi fret 5Taw his Aarraut co ts sfi orsz1 tEe tsu-er ..aysb e t3 the order Of -ssid sre5sursf. for ths 4se1Dt ef szcs asa-e out ef 5ne general fSpd
 Par zotf Sec. g. It sh4Il De fne eAty os sad