Arizona republican., 1890-08-30

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 Territorial Treasurer, showing their number, rate of interest, date and amount
 of sale, when, where and Co whom payable, and
 if exchanged, for what and when presented for
 redemption, the date amount due thereon and
 person surrenderiug
 "rhe 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 school authorities, nf their bonded and outstanding indebtedness,
 and said loan commissioners shall provide for
 the redeeming or refunding of the county, nun icipal, and school district indebtedness upon the official demand of said authorities, in the same
 manner as other Territorial indebtedness, and they shall issue bonds for any indebtedness now
 allowed or that may be hereafter allowed,by law Go said county, municipality, or school district,
 upon official demand by said authorities; the county, municipality, or school district to pay into the Territorial treasury, in addition to all 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 ih addition a rate of in terest paid by the Territory on such bonds. "PAR. 20i9. (Sec. ll,) When the treasurer pays or reUee1ns any lnueDteQ1leSs ne snail lndOrSe. by writing or stamping in ink on the face of the paper eyidencing such indebtedness so paid or redeemed, the words redeemed and can celed, with the date of cancellation. He shall keep 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 ol all hls proceedings under this actwith his annual re 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 | n Ina in nAnn n f 10 party interested, or the Governor, or com mittee of either branch of the legislature, a joint committee of both.
 PAR 20j0 (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
 not sufficient, then to pay the deficiency out of the general fund Provided That the Territorial auditor shall first draw his warrant on the Ter ritorial treasurer, payable to the order of said
 treasurer for the amount of such deficiency out of the general fund
 "PAR 2Ojl, 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 20j2 (Sec. li.) No bond issued under the
 provisions, of this act shall be taxed within this | Territory"
 SEC Ij That nothing in this act shall be con
 strued to authorize any future increase of any indebtedness in excess of the limit prescribed by the "HarrisOn act" Provided, however, That the present existing and outstanding indebtedness, together with such warrants may be issued for the necessary and current expenses of 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 "Harrison act"
 That all acts or parts of acts in conflict with this act are hereby repealed.
 APPROVED. June 2j, 1890