Arizona weekly journal-miner., 1890-07-23
AN ACT
Approving, win Amendments. the
 Funding Act Of ArIrona.

Funding Act Of Arizona.
 Re it enacted by ,he senate and nouse o representatives of me United Staies o America in c5ngr, ss assembled, that Inc ec known us Title XXNt- Funding, he aat Is hereby amended to rest Es follows and that -s amended the same is hereby sa- proved ani cuntisme,i. subject tn future ter ritorisl iegislstioH. "Titie XNXf-fundiul aud loan. Cospter ons. TearituTla'. suuty municipal and school distri indebted ess. - Par. 70Ss. lSec. I.l For the purt Osc of liQui' af.ng xnd providing for tht pay t' ent of he ou stsnding and existing indebtedness of the C rrltory of AriE1ua, and sue future i'm d, btedn ness as may he or r. now authorized by law. the governor of thA said territory together with the terri erisl auditor and ter riiorisl secretary, a. their succeSsors in office, shall c, nsttu a noard com n,ig sioners. to be styled the loan commissioner of the territory af AriEDna~and shsif hsva nd exercise inc powers and D rform inc duties hereinafter provided.
 Par. 2 % tSer, 29 IL shall bs, Rrd is here by. declared the duty of Che loan nmis- siOners to provide [ tne gay tneni of th !. existing territ, riIi indeoteii sss due. t d t, become due, ar that IS now, ar slay os nere. alter, suihorize1 by law, mt trrt e purpose of paying, rereemkng ud ref -nding all or any part ot C e prn, ipal and lntere or either. of the existing nd srhSistiug terrlto- rial l. gsl lndcbte ness, and al so that which
 may Wi any tune b. cou due. ur Is now r may h. hefeaftss. sui hnTiE u BN law he said
 commission CT shall. fr1n unc lo iima.
 issue nsgo i2ole coupon onds this terrri-
 tory whsa tee same n be 0one at H o,er rate of Interest and ih proat ana ben, fI . nf the tgrr tory.
 Far. aaal fssec 3 Said hol ds shall be .s-
 sued as near Rs prsiu aols In deaensiuations us oi oae thousani dollars hut bonds of a lower denomtnRt 0n, not tess than two hum dred and fifty doliars. may be issued she n fnecs- ssry. Said bonds Sas IL bear interest at \ rate 10 oa fixed ey said loan com isstonars, but In no vase Co Ncerd vc psr centum per annum, wh oh interest shall be paid n gold cOln or it's equivalent tn law ul mous. of tue United Ss .tes on The fifie nsn Tlav of
 AFV N.rs af h ftff4l. a tenttortsii treasury, or at such b ,nk In th ciSy Of New York. in tho state of New York, or In the city of san FFaGcisco, in the state of 'ilfornis. as may He ,esignatsd by said loan com m .ss toners. at the cotton ui fha purchaser of said bonds, the ace of pay ment being mentioned in said bonds. The p cipsi of said ponds saali be made payA : pie, in lawful money of the United StaieS nfiy yesrs after the date of their issue, but may be redso ned after twenty year
 ''fhey shall bear the date or th air issue sta 6 when, where and to whom payablS and saah be sl med ey sstd ioan comm s- sioners, and shall have the seal of th 10 ri tory snixed thereto ana countersigned bv tue territorial treasurer and bear his O lf9ciaI seal, and shall he registered oy ths ferrtto- rial auditor in a nook to be kept by his-. for the purpose, which shall state am ount soi.i for, or, fl exchanged, for what, and the fal ,h and credit or the territ. ry is hereby pI.dyed for the payment of said bonds and In. tn tertst at cruing thereon. ss herein provided
 Par. AAl tsee- coupons for the interest shall be Sttseile,s to each b md, SD inat they may oe rs.uoyed without injury .t snu fia- ton to the bond. They shall be consecutiv,.. " pumpered and reBr the same ue her of ihe bond to wnich tuey are attached Ana shsl. be signed by he territorial LreaSflr r
 "The Sa1t coupons shan cover th interest express Il tn said hund from .e d tto .,f IS ne untll pa q; hut m bo ca . shah hanGS be ar tu- tsfest, or shali a v ute ct be paii e. efton for any lime before heiT eliveTy t,, th,, lur1 ger, ss neteinSfter prnvldou,
 "t'ar. iS. lSee. a) henevtF tt4 sa d loan comm tsssghcrs may b2 authorized by iaw tn issue ds bonus. or shal have decided ,o refund or redeem sii or an5 part Of he eSisting tn- oeh'edness ot thls terrCory, they shaiI dt. teSt the tefIltofiaa tFeaSuief to advertise for d ssle of the ponds Ia be Ssuea for tha pr = pose, uy causing notice of such sale ta be puoishe sor inc period of pn month .u come uRity newspaper puDiished At tnt cap- ttaI or Inc territor. and al least one ID scrtlsn m newspaper pnuttShed sn ttr City a New loFkt in Inc Stats of New York; aud tn the citf oi san frsnciSco, lu the Statc uf Cafi- fornisi such noiloe shall spectry tue amount