Tombstone daily prospector., 1890-07-26

mi.sloners. which bond shali 5e ap,,r,ved by the Governor and deposited and aled with the Secretary of the Territory aud re- corded by him In 8 book to be kept for that purpose. And inc said treasurer shah stand esArEed gpoJ his official bond for tue faith ful performance Of the duties required of him unaer this act
 Par. aA4a See. r. The Territorial treas urer shall sell sand bonds for cash CT ex change them for any of the indebtedness for Inc redemption of which they were so issued, but in no case shall said bonds be or par value aud tte accrued Interest at the time or disposal nor must any indebtedness be redeemed at more than its face value aud any interest Ihat may be due thereon.
 That saids treasurer shall indO.se by Sriiins or stamping in ink, on tLe face 0f ihe paper egidencing the indebtedness re eeiyed oy him in exchange for said b0nds, the time when aud the amount for which ex- changed.
 Par sg6. See. S. Mone,s received by ud treasurer. shall be applied bs him to the redemption of shc Indebtedness, for the re dcmpiioR of which bonds were issued and the treasurer shall give notice as is provided by Law in case uf payment sud redemption Gf Territorial warrants, of his readiness to redeem such indebtedness and theFaafier interest on all such indebtedness due and outstanding shall cease.
 Before any such indebtedness shall be paid the Territorial auditor FhAll indorse on each certificate the amount due thereon and shaN write across the face of each the date Of is surrender and the name oi the persoa surreneer!ng, and shall keep proper record thereof.
 Par. s0iI, Sse9 There shall be levied annually upon the taXabls property in ihis TerfiteTy aud in addition to Inc levy fOi other authorized taxes, a sufficient sum tu pay the interest on ai bonds issued and 1T Es Nl s-s lhiS act Co De placed in the Territorial lfetsufy
 10 the fund 10 be kaoan as the Interest Fund. And fifty yeais after such bonds shall have been iss1ieC such addit;iiuHal amount shall be ieyica annually aS Nsil ply fen per cent Of ih, total amount issued. until all the bonds issued under the ps0yIsions Of this act are paid auG discharged; RUthiug herein contained shall De construed 70 prevent the i-esisllture uf 4figons from creating sinking fund during the life Oi sad bonds fOr their redemption ai Eualuriiy.
 The Tefritoial BJagd of Equalization. or Ja their failure. the Territorial Aulii1r shall determine the rate of tax ,0 Dc levied ia Ihr different counties la tha Ict,itCry 10 carry 0a. the pru,i-iO of this aci ard shall certify th, same t0 Ilie Board of superyisors ia each county and 70 the :ieipaI or school author ties are hereby required t0 enter such rate co their assessment rolls 10 he same manner and with he same effect is pruvided by isw iu re lation to oiber I errit0rial county municipal
 
 provisions Ot authority Of tb:s act $ hereby made lien against the property assessed. which lien sha'i attlch on the first Monday in March in each year and shall not be satisfied or removed until such tax iias been paid.
 "All mOueyS derived from taxes authorized by the provisions of this act shall be paid into the IeTritCsial treasury and shall be applied "firsi Co the payment Of the interest of the hOnds issued hereunder.
 Second To ths payment of the principal oi l such bonds: TroVided. That all msHeys re uainIng in the interest fund after the payment of the interest and all moneys remaining ii the | redemption fund after all said bonds shall have paid sna discharged. shall be transferred ly ihe Territorial treasurer 10 the said general fund Par 7o4S. See To. Whenever after 'l.e cX- pifaiiOn oi he fifty years fIom tbe ds.e of issu- | 3nce Of any bonds under this act .ncre remains as,er the paymeu; pf the iniss.si as provided in
 tho preceding section. z. surplus of ten thousand dollars or l--~re, it srtl bs rhe duty of the Ter. fitoriai treasurer ru advertise as ID the manner l of advertising by the loan commissioners for | bids for sale o: bonds. which advertisement | shall state the amount of money in the Tedenp- | ton furd ni fhe number of bonds. numbering 1 them in order of their issuance commencing at l the iOascsi nuaber then outstanding, which | such fund Is set apart 70 pay and discharge. and | 4 such bonds so numbered ir such adyerfisment | shall noS bc presented for payment and cancel aiion at the expiration of such publication, then | such fund shall reHaaiH in the treasury 70 dis charge such bonds whenever presented bat they | shall draw no interest after the expiration Df | such publication. Before any such i,oHds shall l hc paid they zhal! hz presented ts the IerTitGF- | iai auditor Eho shall endorse t.n each bond the amount due thereon and shali write across the | face thereon tbs date Of its surrender and Ghe | name Of tbe person surroEdering. The Terri tOrizl Auditor shall keep a record cf all bonds ! issued and disposed Of ey the Territorial treas
 urcr showing ti8eir number. raie of interest date | and amount of sale when. where and to whom plysble, and if exchanged for what. and when presented Tor the redemption. the date, amount
 due thereon and person suHeadering.
 | The boards of supervisors or tFe counties tbs munfcipqi and Fcho0f auth0rities are screby au- | shofized and dirsctsd tO report Q the loan com
 m s- Oi the Ter rCFy the'r bOnded and Out standing indebtedness aad taid loan CODmis- 1 -!oEe-s may. on written demand. rsquire off, eia, repof rom the boa-d Of supervisors Of C oan fie- the mani pal 1r school auth0ufies. 0l their | ron te and outstanding indebtedness. and said loan colnEis -iOpt rs eba prnsi9s fsr me redeem
 cIJTTrF InueU-srlrss. upOn the ono si dP-
 aa sd of ssid anthoritte-, in lie raarner as
 1tn Ter Oia ia 1ebtstners, and they shall i-ue l sonds fSr any indehtedn@-s now allowed, or that | may b- hereafter allowed by law 70 sad eorn'y aupieipa ity or school distnet. uPoa official de naBd by said author .ries Inc county. municipal ty o- s-hooi districf to pay into tEe Teuifosszl
 treas ary ig adeiisn c all ctaer tsxsS authorized i y law. surh GEao1uts as may ee directed by
 ferrifofiai hoard Of equalizttiou. or on they fSii
 Hfe by tss Terro sa aaditor. 10 be icyiei for tac oqymeui of the pri.seipai of Inc bonds issaed 70 | retemp.iSs, :efaHd.Hg other b6nds I-sued tO snck county, municipality or sch ol di-irici wben The sane shali hcc Gne. and iG s6di ioa ra;e | of interest paid bg tEe rr-Iito 0H such bonds. Par zO4a. Sec H. When the treasurer paFs or | se9eerne any indebtedness De shah indS.se, by
 ~rtfin or sfamps iu iak the lace of the paper evideuciag such Sesiedaess 70 paid or reseened
 he Wgrd4 redeemed sud eaBesied.' vita he dale or cancellation. Hs shail Nesp fall aod ps,ticu- lar account asd Tecord of ail bis prSeesdings an.
 fer this Alt aod of the bOndS red -staed and sRf- endered. and he shsis traasmH to the governor an abe Tsct ol all bs P-oceedoes under tkIs aet
 with his annual report 10 h> bs the governor, isid sefB.e the legisiatare st ifs meeting. All books ana papers per aining t0 the nottss provided iu rbs act shafi af all timez De open inc inspec- ton of the party interested, the governor, ossa ciumiftee of sither branch Of the legislature, | joint committee of both.
 ! Pa- 28s0. Sec I2. It shall De the duty Of tae
 Tsrfitorisl treasurer te pay the infersst on sad
 b9Dds when tbe same falls due oat ot sad iuserrs' fund a suiIioieat: and f ssid fand bs not suisi
 cent then pay fhs eefcie-cy out of t.se general fund. ProyIae1 hat tbs Territ Driai xaaitlr sna
 f-s. ra5g hs H errIr co the Tern ofsal Ire leurer