Tombstone daily prospector., 1890-07-30

T | iiies. in ibc sum equal t0 tEe amount of
 bonsis delivered to hiIn by ihe sad loan eain- | mt siuhcFS, which bond shall bc approved ' by Inc Governor and deposited ard filed l l with the Secretary of the Territory snd re- | cufded hy iiia in d book to hs- kept for that pnipnsc. Aod the said treasurer shall stand l caai gcd upon his official bond for the faith | | fal performance of the duties required Of
 him under tids act Par. sasl See. z The Territorial treas
 urer shah sell sad bonds for cash CT ex ehsuee tbeIi for any of the iudebtedness,
 for the redemption ef which they were su | jssued, bat iE no ease sjall said bonds be | | sold or cN chaa4ed for less than their face | or par ralac and tEe accrued interest at the l
 time 0f disposal nor must any indebtedness | be redeemed at more than its face value and any interest that may be due ihereou | That sad treasurer shall indofse by | xriiing or stamping in ink, on tEe face Of
 the paper esidencing the indebtedness re I eeived by him 10 exchange for said bonds,
 tbe time when aud ihc amount for which eN lShangcd.
 | Par 20s6. Sec. $. Moneys received by sad treasurer, shall be spplied by him to the redemption of the udebtrdne s, for the re- demrtiou af which bonds were issued and
 the treasurer shall give no'ice as Is provided | bs law in ease ot payment and redemption of Territorial warIsnts, of his readiness to
 redeem sneh indebtedness and theraafter | interest 0a all such Indebtedness due and
 outstanding shall cease.
 Before any such indebtedness sball
 pbid tlle Territorial auditor hRli iudorse on each ceuidcate thc amount due thereon and shaA Wrtc across the face of each the date Cf it's surrender and the name Of The prrsoa surTundcriug, and shall kc-p proper record thcTeOf.
 | Par sDlT, Seq. There shall be levied
 annually upon The taxable propefty in ihis TcrIiiery and in addition ta The levy for tOther authorized taxes. a sufficient sum t5 pay the interest on all bonds issued and
 disposed of iu pursuance of the provisions oi
 this sct tB be placed in inc Terrii0riai treasury 1 iu the fund @ be kagssu aS the Interest Fund
 And fifty years aGer such bonds shall have l Js co issg-d such -Gilitional amount shah be
 cyied auauaiiF as wiIl pay tsa per cent Cf lie ;uial lrs0uGi ssued. unt all the bonds issued
 under thc provisions of ihis act arc paid and
 discharged. h.',hiBg herein contained shall be
 sonst,aed ;U prevent he Lcss.4t-re uf AIizons
 ifosl creating a sinking fund during the life Of 1 a d bonds i,s thess redemption si Jaz,ufhy.
 l The Territorial Balrd 8f Equalization. or ! sl their f,I ur-. tas Territorial Auditor shaG l determine the sate Of tax Co b= lcys-d ia fhc
 different oouEi'es ia tAa Territory 10 cary out l lhc prOyis ions uf tnis acl aad shall certify the
 szui= t3 inc Board of SupeTyizoTs iH each I s0uLty and 60 gne ns:.iCipai or sch pol author- i;ies. a;e hereby required tJ enter such rate ca | tasT aszessruelt rO.is ia Ihc same manner and
 a,i;h the same effect as is provided ty law ia fc ! and school taxes Every lax levied under the provisions of authority Of th.s act is hereby | made a lisn against ihe property assessed
 shich lien shah atuIch on the first Monday in | March in each year and shall not De satisfied or removed unul such tax has been paid
 "Ail moneys derived from taxes authorized by the provisions of Ihis ac; shall be paid into the
 Territorial treasury and shall be applied
 aFirst to the payment Of the iHtercs; of the honds issued hereunder.
 | .a sF such bonds: Provided. That all moneys re Q 5 usaining in the interest fund after the payment 0i the interest and all moneys remaining iH the
 redemption fund after all said bonds shall have pzid and discharged. shall be transferred by the 3 Territorial treasurer 10 the said general fund Par. 2o4s. Sec TO. Whenever after the ex'
 piration Oi :he fifty years on the date of iSsu- 1nca of any bonds under this act. there remains after the payment of the interest as provided in .he proceeding sectsoa. a surplus often thousand dOlaIs or moTe lI shall be the duty of the ] er- ritorial treasurertO advertise as in the manner Of advertising by tie loan commissioners for ! ! t4ds for sale Of bonds which advertisement 2 shall state the amount of money in the Fedsmp-
 | Con fuEd and tl5e Huraber Of bonds. numbering
 them in order of their issuance: commencing aI the lowest number ihcn outstanding. which such fund is sci apart 10 pay and discharge. and l 1 f such bonds so numbered in s1cI advertisement [ shall not ssc presenied for piyhlent and cancel '
 such fund shall femsiB in the tFessury to di5 charge such bonds whenever presented. but they ! l stall dfaN nc interest after tho expiration Oi D such publication. Ee4oTe any such tonds shall
 DC paid they shall be presented to the TerritOr-
 tal auditor ah0 Sh all endorse On each bond the amount dGe thereon and shall write across the ! face thereon the date 0f iis surrender and the { | name of the person sa-TOndering The Teri ? torial Auditor shall keep q record Of all bonds i issued and disposed of by the Territorial ucas-
 urer showing their number rate of interest date 70 and amour; of sale when where and to whom 2 plyabIe. and il exchanged for what. and when
 oresen;ed for the redemption. the date, amount - | due thereon and person su.Ecndcr.nS.
 ( The boards Of s0pery.soss os [; . counties, the . mGnciPsl shd school Gufhoriiles 5ere5y aa- ihorized and GirsSted 10 report to ths loan com n s-i nerz uf the Terr-t0ry the.r ooBsel ard Cut . .izndinz iEcesfeduess ald said joan tOBrs.s-
 sioEe may. Un v itien damand, ra1ire an off, eiai Tcpo-t from the b a7 of supervisors Of aun
 ties the msut Eal ar school autbori- ie- of their I psn .e [ aud ogfstandiMr indchtedusss and sald
 loan cumui sioni rs sha pTuyi l. for the redeem
 -ehool aHiTicf indebtedness, npon tae Ofllc al de-
 ma c Of said authorities. ih the sans mf-nsr as 1tar eTr'-ofial in ebtedncrs and fhey slali is>ut i 91o5s flr any indeDteSfus~- now alfowel or t1af
 usy b. hereafter allowed. by llw io cad eoan.y
 nu sietpa iiy or srhoel esiTict, Hpon official de mand sg said althor iie-. the county, niupicipsl f ty or s,ho5 disir5es to pay ito ike TerFitoFiz
 treasury, g addition t1 ali otber tsxet tut1otze1 3 1 ay law sHeh amounts as may bc drecied by the Terli-a-ial uoard 0f cqasliz-tisE, iheir fsi
 aie hy tse TeTritoia aalitsr. 70 be ieve1 for iss payment oi the principal of the bonds is=ued re1eHn pseri, ref d-ag of other bgnd- isEues suCh county muBicip1liiY sch ol district when
 the same shall lee me due. and ia adfr ca q rate of iaiesest paid by tEe Te-eito-y on such boaos. ! | Par 20g9. Sec H. W hen ths t-easa-er 9ays CT fi aefeene any indebteAness be Ehah indo-se, b.
 wrtiins stamp 2 10 iak oa the fare of the 2ape- sVdeacing such iufeb:s6oess 70 pad or refe med the wo.ds redeemed sad e21ceied- uifh th. fiafe 5f csnea.lafio1. Bs shall Eeep fuil and particn q la- aecsunf ard record Of all hi- PfeceediBgs , fer this zs and Of the b3nds red emed and sar- ! eaEercc, sn5 be shai. fra1-fnit fo the governor
 sr abs rAct of slI his proceedings nrces tals eel
 z5fh ii= alnuai ecost 10 he bY tie gCver or, led before ihe legislature at is Eaee3iag. All ho1ks
 ana papers Der aininz to the mofter prsyi'ed in 3 lhis sci shzi at sli tmes b. cpea ihe iasPcc- ion of the "a v Interested, or The g0verno. ora csamitec of sisber bfancl. or the legislature or ! i0inf committee Of bota.
 ; Pa-. S5a Sec. i2. It shlH be tbe dnfy Of the