Tombstone daily prospector., 1890-07-19

ltics, ln the sum cqHal to the amount of bonds delivered to him by the said loan com. missiOnerS, which bond shall 9e approved by the Governor and deposited and filed with the Secretary of the Territory sud re. corded by him lu a book to be kept for that put pose And the said treasurer shall stand charged upon bis official bond foF the faith Iai performGnee of the duties required Of hlsn under this act
 Par. aa8s Sec. : The Territorial treas nrer shall sell sad bonds for each CT ex change them for aDY af the indebtedness, fer the redemption of which they were sO issued, hui in 90 ease shall said bonds be sold or exchanged for less than their face time of disposal nor must fny indrb' ednsss be redeemed al more than its face Value and any interest that may be d'e thereon
 That said treasurer shall iud0 e by YIitlng or stam; ;ing ia Ink, on iEe face oi the paper eyidencing inc indcbte hess re z ceiyed by him in exchange for said bonds the time when and the amount for which ex changed.
 Par. 3o46, Sec. S Moneys received by sad treasurer, shall toe applied by hith to the redempii0n Of the indebtedness, for the re- aemption of which bonds were issued and the treasurer shall give notice as is provided 5y law in ease of payment and redemption of Ter ritoTial warrants, of his readiness to redeem such indebtedness and thsraafteT interest on al such indc btedness due anc outstanding shall cease.
 'Befoie any such indebtedness sball be paid the Territorial auditor fhall indorse ou each certificate the amount due thereon and shall write across the face of each tue date Of ils surrender aud ihe nAme of the peIsOa suTFendering, snd shall keep proper record thereof.
 Par. 2Of7 S.c 9, There shall be levied annually upon the taxable property in this TerTiteFy and in addition to the levy for
  pay the interest on all bonds issued and disposed Of in pursuance of the provisions of this scf to be placed in the Territorial treasury in the fand Co be known as the Interest Fund And fifty years after sach bonds shall have been issged such 2ddittional amount shall be leyied annually as will pay ten per cent of the total amount issued. uniiia al the bonds issued under the provisions of this act are paid and discharged; Eothing herein contained shall be construed Co prevent ihe Legislature of Arizona frOFi creating a sinking fund during the fife of ,aid bonds ior ,heir redemption al maturity.
 The Territorial Board of EqualiraGen. CT Jl their faiuf.. the Territorial Auditor shall determine the rate of fax to be levied in lhe dfficrrnt counties ia tho TeTTitory Co carry out tbe pECviliyns of thts act and shall certify lhe ,3me ;0 tie 30afd Of sapeUhprs in each county and to the nusicipsl or sSsloOl an.hoT. ities, are hereby required Co enter such rate on their ass ssment ro.is iu the same manner and Aliil sallkE EiAfNA E-tA lli iatiOB tO other territorial, county. municipal and school taxes. Every iaN levied under the provisions of authority or th:s act Is hereby made a hen against the property assessed. which ben shall attach on the first Monday in March in each yelT and shall not be satiSil, or removed aniil such tax has been paid.
 Al moneys derived from taxes authorized by the provisions Of this act shall be paid into the Territorial treasury and shall be applied
 "FIrsi to the payment of the interest Of the hondS issued hereunder.
 Second To the payment of the principal of such Jnds: Provided That all msneys re mainiBg 10 the interest fund after the payment of the interest and all n8oneys remaining in the redemption fund after all said bonds shall have paid and discharged. shali be transferred by the Territorial treasurer to the ssid general fund. Par. ao4s. Sec TO Whenever after the ex. piratOn oi the haly years fiom the date of issu. 1nc- Of any bonds under this aci, there remains after the payment pl the interest as provided in the proceeding section, a surplus of len thousand dolllrs or more. Ii shall De the duty of the Ter. l ritoral treasurer to advertise as iD Ine manner 0f adyertisiag by ihe loan commissioners ici bids for sale oi bonds. which advertisement | shall state the amount Of money in the redemp } sion fund and the number Of bonds. numbering | them in order Of their issuance: commencing ai | the lowest number then outstanding whiei such fund Is set apart to pay and discharge, and | f such bonds so numbered in such adsertismeu shall not be presented for payment and cancel
 ation at the expiration Of such publication, ther
 such fund shall remain in the treasury to dis charge such bonds whenever presented, but the, | shall draN no interest after the expiration O l such publication. Before any such Uonds slial be Paid they shali be presented to The Terriior | ial auditor who shall endorse sn each bond th, amount due thereon ard shai write across th, 1 face thereon the date of iis. surrender and tn, | of toTial Auditor shall keep record ef all bond | issued and disposed Of by the Territorial tfeas ] urer showing their number rate of interest dafi -sd amount of sale. when. where and to wnoa I slfsble, and if exchanged for what. and wheI | prevented for the redemption. the date, smOun 1 due thereon and person sdErendefiag.
 | The acArds os supervisors or tte c0an ties, th, municip4l and school sE:ss=ssssses srs Sereby Aa | tnorized and dir scted 10 report 10 the loan com | m s-irEsr- Of the Ter rcry ther bosoet and out siouers may. an written demand, rsquire an off eia report rom the hoard Of supervisors Of our tiee the aaEis pal gr school sHthonfiss, oi thei I non .e and 0ufst.adin- indebtedness. and salS loan cOmmissionsrs sba provide for the redeem | tug or refunding oi the county. municipal sns
 school oiiutef indebtedness. lpoa the oiiic al de ma d ei sgid authorities in the same u4Hner a
 sth TerTforiai in n4ei.eduess and they shall i-su' | nonGs fssr gay irdebtedns=s now ailowei, CT tas 1 yszy bs hereafter allowed by law to sad eogn.y
 u1icipa fly or school eistrsct, gpoa official de 1l&ld ss sald author tie-. the county, muuicipai
 ity osss 6oel district to pay iut9 ;ke Tesriforia
 tressary, a AsziEon t5 all other iaxss suthoEizee ny law. surh afuoGHts may De directed by fbi
 Ferri.9risj board Of equalization, their fsii
 ufe by t5e Terrfoai ancitSr. 10 be icvied for tS' 9ayul-nt of the pIisCipai q toe bosds issHed if redemption, refdnd.ng or other honds issued [. | sach county. raunGpsissy or sch ol district vhei the sane shaD h~cpIse dae. and in addition rsti sf interest pad by ioe TerTito-y on sEch bonds. ! Par. 2as3 See n. anen fhe treasurer pays oi reiecms any sndsbtedness be shail indoFse, bj | Erttin stamp ID ink on the face of the Pape
 esidencing such indebtecEsss % pad or rcfes sne4 he ord 'feaeene3 and caucsied.' with th. dzi, of csncsilafio1. He shall Eeep fdli and parisca | lar aceaunt aud record of al kis proceedings un Ger thiz c. aud of the bonds red serned aud sIr renferec, and he snzii tralsmss 0 the g0vefbci | sn abs raet of all his proceedings under shis eel
 gifh his GunEsl eSoEt Co se by Inc governor, lei, before the iczisisiure Ht ifs meeting. All bo9Ei ana papers PerseiSing to the DotteT provided Il
 tisis scr snsi at all times se open 70 the inspee
 tisn Of tte patty interested, or the governor, ori
 cammi-,ee of eitser branch of the legislature, | joint commit-ec Of both-
 Par. siG0. Sec. I2 IL shan Be the daty Of th' Teniforial treasursr to pay the interest on sAi'
 boBds when the sense fails Snc out Of said ipferez
 land. if sufieisnt. esd if ssid fand be nst sufti
 cieBt, then pay th defc.e1ey cat of the genera lord. s-roxlee9 that The Territ Gias acdtS- sHai