Arizona republican., 1890-07-24

date of it's surrender and and the name of the person surrendering The Territorial Auditor shall keep record of all bonds issued and dis posed of by the Territoria Treasurer, showing their number, rate ot interest, date and amount of sale, when, where and to whom payable, and if exchanged for what and when presented for redemption, the date, amount due thereon and person surrendering. -.-A -
 "The Boards of Supervisors of the counties, the
 municipal and school authorities are hereby authorized and directed to report to the loan commissioners of the Territory their bonded
 and outstanding indebtedness and said loan com missioners may, on written demand, require an official report from the board of supervisors of counties, the municipal or schol authorities, of their bonded and 0utstandir' indebtedness,
 and said loan commissioners provide for | the redeeming or refunding of the county, num-
 icipal, and school district indebtedness, upon the official demand of said authorities, in the same
 manner us other Territorial indebtedness, and they shall issue bonds for any indebtedness now
 allowed ,or that may be hereafter allowed,b by law
 to said county, municipality, or school district,
 upon official demand by said authorities; the
 county, municipaiity, or school district to pay other taxes authorized by law, such amounts as
 may be directed by the Territorial board of equalization, or on their failure by the Terri.
 torial auditor, to be levied for the payment of the principal of the bonds issued in redemption, refunding, or other bonds issued to such county,
 municipality, or school district when the same shall become due, and in addition q rate of in | terest paid by the Territory on such bonds. | "PAR 20i9 (Sec. ll,) When the treasurer pays of redeems any indebtedness he shall indorse. by writing or stamping in ink on the face Of | the paper evidencing such indebtedness so paid | or redeemed, the words redeemed and can celed,' with the date of cancellation. He shall keep a full and particular account and record of all his proceedings under the act, and of the bonds redeemed and surrendered, and he shall transmit to the Governor an abstract of all his proceedings under this act with his annual re- l port to be- by the Governor laid before the leg | islature at its meeting All books and papers
 pertaining to the matter provided in this act
 shall at all times be open to the inspection Of the
 party interested, or the Governor. or a com
 mittee of either branch of the legislature, or q | joint committee of both.
 | "PAR. 2050 (Sec. l2) It shall be the duty of the Territorial treasurer to pay the interest on
 said bonds when the same falls due out Of said
 interest fund, if sufficient; and if said fund be
 the general fund: Provided, That the Territorial | auditor shall first draw his warrant on the Ter
 ritoral treasurer, payable to the order of said
 treasurer, for the amount of such deficiency | out of the general fund.
 "PAR. 205l, Sec l3) It shall be the duty of
 said loan commissioners to make full report
 of all their proceedings had under the | provisions of this act to the Governor on or | before the first day of January of each year, and
 said reports shall be transmitted by the Govern
 to the Territorial legislative assembly. | "PAR. 20)2. (Sec. li.) No bond issued under the
 provisions of this act shall be taxed within this | Territory"
 SEC. lj That nothing in this act shall be con
 of any Indebtedness in excess of the limit
 prescribed by the "Harrison act" Provided,
 however, That the present existing and and
 such warrants as may be issued for the
 necessary and current expenses of car
 rying on Territorial, county, municipal, and
 school government for the year ending. Decem
 Der 3l, 1890, may also be funded and bonds is
 sued for the redemption thereof and thereafter | no warrants, certificates, or other evidences Of
 indebtedness shall be allowed to issue or be | legal where the same is in excess of the limit | prescribed by the "Barrison act"
 | That all acts or parts of acts in conflict with | this act are hereby repealed.
 | APPROVED, June 2j, 1890.