Tombstone daily prospector., 1890-07-31

lilies. in the sum eglal to the amount of bonds delivered Co him by the said loan com missiOners, which bod shali ae approved Dv the GuyerboT aisd depOsited and filed with the Secretary of the territory sud re- corded by him in a book to be kept for that pui pose. And the said treasurer shall stand caarged uBou his official bOud for The faith fui performance of the duties required Of him under this act
 Par. 9ilss. See. :. The Territorial treas urer shall sell sad bonds for cash CT ex change them for any Of the inde btedneSs fer the redemption of which they were so issued, but in no case shall said bonds be sold or exchanged for less than their face or par value and tEe aecr0ed interest at the time Of disposal nor must any indebtedness be redeemed at more than iis face value aud any Interest that may be due thereon.
 That said treasurer shall indOrse by SFiting or stamping in ink, on tie face of the paper evidencing the indebtedness re ceiVcc by him in exchange for said bOndh, the tiine when and the amount for which ex- changed.
 Far 20lG. See. $ Moneys received by sad treasurer, shall be applied by him to the redemption Of lhe indebtedness, for the re dcmptiOn of which bonds were issued and the treas surer shall give no'ice as is provided by hN in ease of payment aud redemption of Territorial warrants, Of his readiness to redeem such indebtedness and theraafter interest on.ali such indebtedness due and outstanding shall cease.
 'Bcfo.e any such indebtedness shall paid the Territorial auditor hall indOrse OF each certificate Inc amount due thereon and shall Write across the lace oE each the date Of its surrender and the name Of the persoa snrTcndering, and shall kerp proper record thereof
 Par api7, Sgea There shall be levied 1 annually upon The taxable prOperty ia this Territery and in addition to the levy for | n.s.- .a sa aasrH.z pay the interest on all bonds issued and disposed of in pursuanee Of the provisions sl this SCI Co B. placed iII the Territorial ueasury | Iu tbr fund 60 be known as the Interest FuaG. And ilty yeas aiier Such hnnsfs shall A.-Gs 5-cn isSusd sush ddit!tiOnai amount shaii bc ey5rz lis lrs i:l Eay len pgr cent ui the total amount uei uuBs 9 ssS--. 8isads issued l and-T tHc pr0yisiaas of ulis Scl are psaa s,rC ! li-ehargei. B' ti'He hcrriR CcntainCd shln bs canstfuad Co prevent the I.cyisiitRrc Of Arizona | from creating a sinking fund during ihe life oi ] sad hoads for toeir redemption at uIaiuriiy. | The Territorial Board of Eqgslization. u' l bn thsig fti urc, the IerrItoiiaI Auditor shll ! determine the rEtc of tax To b. levied in he 1 liflcrtuf counties Is ih5 IcI:ituTy to cary oui l The prugiipns 0f tbis ac. and shall crrtify lht ,aule Co tlse Board ul Supervisors in each | -0uniy and tJ the mus icipsl or school dnfhor | ties. arc hereby required tg enter such rate et their asscssurut rsIiIs in the same uIaYser and . | latiOn 10 other territorial r6auty, rtunicit.a
 and schoO! taxes. Every i2x levied under ths | provisions oiagihorSy- oi th:s act ls hcTebl J S1is5ie ' liea against the property assessed | which lien sha, attach on the first Monday ir ] March in each year and shau not be saiisfes
 or removed until such tax has been paid.
 "Agl moueys derived from taxes authorized by
 the provisions of this act shall be paid into th,
 Territorial treasury and shall be applied | "First 10 the payment oi the interest Of thu | hOnds issued hereunder.
 Second To the payment of the principal o such bonds: Provided. That all msneys re
 mainiug in the interest fund after the paymea of the interest and all moneys remaining iI th,
 redemption fund after all said bonds shall hay, paid and discharged. shah be transferred by thI Territorial treasurer to the sad general fund Par 2o4S, Sec 10 Whenever after the ex
 piratiOn Oi the fifty years tIom the date of issu
 snec of any bonds under this act. there remain
 after the payment of the interest as provided II
 the proceeding section. a surplus often thousan,
 dollars or more. II shah be the duty of the T CT
 ritOFial treasurer 10 advertise, as ln the name
 Of advertising by the loan commissioners fo
 bid5 for sale of bonds, which advertisement
 shall state the amount Of money in the redemp | ton fund and the number of bonds, numl,erinj
 them in order Of their issuance: commencing a
 the lowest number then outstanding Whicl such fund IS set apart to cag and di scharge ant
 
 shall not be presented foE pIyment and cancel l ,ation at the expiration Of Such publication. thel | such fund snail remain in the treasury 10 dis
 charge such bonds whenever presented. but the
 shall draw no interest after the expiration a | such publication. Before any such Londs shal
 be paid they shall be presented to the TerTitoT
 ial auditor who shall endorse On each bond th
 amount due thereon and shal write across th Gsoe thereon the date of its surrender and th
 name of the person surrondering. The Ieui iorial Auditor shall keep record of all bond
 issued and disposed of by the Territorial treas
 uner show ing tbeir apmber. rate of interest. dai and amount of sale. ~sacn. where and 70 whom payable, and fl eXehangsd for what and wbei presented for the redemption ,he date, amour
 due thereon and person surreRdering.
 The boards oi supervisors O. tte counties, tb
 municipal and ehool authorities are hereby an thorizs d and dirscted tc report Co the loan com uiissi-ner- Of the rerTt TT the.r boncei and cot , | standing indebtedness and faid ioGn conn g
 siore may. on iiien demand. r.qgire an oii cia report from the bca-d Of spperti7ors Of cOui ties the mnnif pal school EuthCrifie-, oi thei son e and outstanding fadehfedntss. aud sal,
 fOan eon8iri-sicntr- snai prOsi le for fne redeem tEg or rsfandfng 6f the coaniy. mauictpsl eBi
 -ehooi diitrict intebisrnerS Gpon the official de 1 ma d of sfid authorities ia the same mzsuer a .sh, Terrs'0riai in eb1ciness. and they sal issu | bonds for a2F indestedness now aloHeds or tra
 may be hereafter allOUsd- by law to seid eoun-y Buaieipa fly or sshoel disirsct- rpon official dc naId by said author fie-. tue county, muuici pal : irv or hooi districf ts paV into ths Tcrrifo-;a
 
 tFrasaTy iu addition c all other tsNes Gutnorize, tsy IGw, sueh amoInts a< may be directed by fb' Territorial hoard of eqaaizstfor- on ther fiii
 ure hy the Tcrrito- al autor- 10 be iesi@d Tor = payment of the pii.cipsi Of the bonds ssped |, D redemption. rcfdnG-lig 0f other hands i=saea [
 such county. municipality or sch ol district whei Ibe same shan hec3He dne. and in addition rat of inte-est pad by Ste JerIto 7 on such bonds | Par sos9 Sec IL When the easurer pays o , seteems any iudebtedress he shnl iss-Fse, D.
 uItiin CT stampi- z in ink the face of the paPe esidsncsHg euek indebtedness paid or rrfe med | she word. redeemed and canceied.' wllh The daf Of cancellation. Be sb1i geep al fail and pariica lar Gcoount and record Of all biS proceedings un , Ger thi- q and of the bonds red 'emed and sar esiered, and . ke shall fra l-niit to the goysruo an ah~ ret of oil bis proceedings under rhis se
 Kifh Dis nEuusl e29rr 70 hs hy ths eoy.rr0 O. i' before the legislature et i's meeting. All bOTk
 azd p1pers crfaininc to fhe mctssT Br.yded Il , ;fiiz cct shall at sl t-ne1 be open the i1spec
 ion of the party interested, or the carer8ofs or eanInitce nf either branch of the lc2isztuFe, . joint committee Of hosh.
 Par. se50. Sec. I2 It -shln De tbe duty Of e.