Tombstone daily prospector., 1890-07-21

bonds delivered to him by the said loan com missiOuers, which bond shaH he approved ! 0y the Governor and deposited and fled | with the Sccrtt tery e the Territory sud re.
 corded by him in a book Ia bs kepi for that pui pose. And the said treasurer shall stand ! charged upon his official bond for the faith.
 ial performance Of The duties required Of h;l under this act
 Par. 9nIt. Sec. ( The Territorial treas ] uref shall sell sad bonds for cash CT ex
 change them for any of the indebtedness, | for the rcd Inption Of which they were s1 ! issued, bat in no case shalt said bonds be sold CT exchanged for less tAan their face | or par vaigv sud the accrued in;erest at the | time Of disposal nor must any indebtedness l Dc redeemed at more than its face value and I any interest that may bo due thereon | That said treasurer shall indorse by Sriting or stam ging in ink, Ou tLe face 0f | he papeT evidereiug the indebtedness re reiygd by him in exchange for said bond.
 ihe tune when and he amount for which ex- changed
 Par 204G. See. & Moneys received by 1 sad treasurer, shall be applied by hini 10 the 1 redemption oi the indebtedness, for the re- ] dcmp;ion of which bonds we're issued aud thc treasurer shHu give notice as Is provided by lsw in ease cf payment and redemption 0I Territorial warrants, of his readiness to redeem such indebtedness and theraafteF interest on ali such indebtedness due and
 outstanding shall cease
 Before any sbch indebtedness shall be paid the Territorial auditor shail tpdofse o. each certificate the am punt due thereon and shall write across the face Of each Che date of it's surrender and the name of the 9ersoa surrCudcriu@, and shall keep proper record thereof
 Par. 20i7, Syc Q. There shall be levied annually upon the-taNablr l5roperty in this rerIiteTy and in addition to the levy for other authorized taxes. sufficient tun tO pay the interest ca all bonds issued and disposed of in pursuance of the provisions of ;his set Co be placed m the Territorial treasury in the ignd Q be kn1Sn as the 'lut=resl FInt.' Aud h'ty yeats aiier stich bonds shall have 1.-r issugd such 7ddii;.ional amount shah be levied annually as VIII pay n p-T cent Of the total amount 'sstted Egt.i ali ;he bonds issued
 ind.f tir provisions of this qci arc plid and
 iisci4lrget n'thing herein contained shall be -Ousuucd tD prevent the i-e sislAture of Arizona from creating sinking fund during the lie gf
 sa-d boads Tor their redemption al lualurity.
 The Territorial Board of Equalization or
 a iArir { ti Ur-. the icrTitOsial Auci,or shall determine the ra.c Of tax 10 b- levied in the ttfsrent counties in thJ Tct:i:ory 70 cary out ;ne pIuyi-i0us Ol this act and shall certify tse
 .ams tO the Board of Superyisors in each
 sounty and % the ma=iriDai W scho0l anthor- itiSs, are hereby required Co enter such rate oa
 tlleir ass ssmrnt rolis m the same manner and
 Eith the same effect as Is provided ty law iu re- lstioa 70 other GesritonIi, county, muucipal
 and school taxes Every tax levied under the
 proyisioReoi authority Of th:s act is hereby
 made hen against the property assessed.
 ahich lien shall attach on the first Monday in
 March in each year and shall not be satisfied
 or removed uBtil ssich tax has been paid
 "Ail moneys derived from taxes aushoIi1ei by the provisions Of this act shall be paid into the
 Territorial treaSuTy and shall be applied "fiTst to the payment of the interest of the
 honds issued hereunder.
 Second To the payment Of the principal of such bJnds: Provided That all moneys re nlliniug in ise interest fund after the payment oi the interest. and ali moseys remaining in the redemption fund after all said bonds shall have paid end discharged. shall be transferred by the Territorial treasurer to the said general fund.
 Par. 2o+S. Sec 70. Whenever after the ex-
 piratOn of the fifty years from tie date of issu- 1nc1 oi any bonds under this act there remains
 after the plymcnt oi the interest as provided iB the proceeding section. q surplus often thousand
 dollars or more. II shall be the duty ci abe Ter ritoral treasurer 10 advertise as m tue manner of advertising by the loan commissioners for bids for sale Of bondS which advertisement 1 tiUn fand and the number Of bonds. numbering i them il order Of their issuance- commencing at ! the lowest number then outstanding gl:el. such iund IS sci apart to pay and discharge, and 1 4 such bonds so numbered in sdch advertisement shall not be presented for plynent and cancel
 
 such fund shall remain in the treasury 10 dis charge such bonds whenever presented bat they | shall draw no interest after the expiration of | such publication Before any such Londs shall be paid they shall be presented to the TeTritor- l ial auditor Nho shall endorse Cn each bond the amount due thereon and shali write across the 1 face thereon the date of its surrender and the ! name Of the person surTondering The Terri torial Auditor shall keep record Of all bonds issued and disposed of by ihe Territorial ueas
 urer showing their number. rate of interest date
 sud amount Of sale. when. where and to whom l slyable. and fl exchanged for what and when l presented for the redemption, uie date, amount
 due thereon and person suTeudering.
 The boards of Fnpcrviso-s oF tte counties, the ! muBiciPal and school su.horifi=s ars hereby au- | th0rized aud dirscted to report 70 the loan com
 ID s-icBers of the Terft P tke boadei and cut
 -tzndiRg Indebtedness a1d said loan co H iais- ziOEefs may, itten demand, rSqairc sn of cia report from ths boa-d of supervisors Of 0nn
 ties the mBnit raj or school aa-hori lee, oi their iou .e Aaa ou'stgn1ng indGbfedGe-s and said
 iosa coinaHis Sonf rs sha proNi1e for the redeem
 ing of retnad5ag q sse county, m9Hieipsl end
 school diitriet indebtedness Hpou the ofie si de-
 ma d Of aid authorities, in the same n1-ner as
 gths Ter'Ofiai in eb:ednes=. and they shall issGs bonds for any Indebtedness now allcse !, or ftar
 may be hereafter allowed. by law to sad eaanfy, nu Iicipa ity school disfrlct upoa cfieiai de mand by sio author tie-. iEe county, municipal
 treasury, ia addiiion ti all ot5er tsxe4 authorized
 1y law. such En011ts as may De dire cied by tbe
 Territorial hoard of equalization, or on their fsi
 by the TerrioI Is andEtyr. 70 be lesir3 for tae
 payment of the prineipsl Of the bonds iSsued sn
 'edempti0p. ref1n6.nz other 5ands sfned tJ
 such cOU ny, municipality sch ol di-trcf vkea the ssuleEha1 rec Jnse dns. and iG addition a rate
 Jf incest pad by tne Tetiito ' on such bonds.
 Par e0Is. See n When the t-easu pays sF
 -s seeuos aBy indebte In-ss be shall ind0rze by
 Wfftin or etGmD ID iHk on the face of tbe paper etidenciRg fusb in3eoiedaess pad or redc med, inc w0-ds re 3eemei and eznceied. isii The cafe
 'f csi.es.ie.iol- Be shaii sesP faii and partieu lar accUgnf aud record Of 1il his prsscesdiags an
 fer th5- t and of t1e b3n1S red 'emed and sar.
 eucered sEa he shall traasmit t3 the governor aa abs raet of all his proceedings under fhis SCI
 xifh bi= snEual eOo7f to he by the goyerT or, laid before the lesisisfurs at iis meeiiog- All books ana pEpess Feri al ning to the motser prsyiced a thi- sci shail at all tues b5 open the iGspec- ton or the "a Y interested, fhe governor, of,a crr mi of either branch Of ihe gisisscre, O. jVin. commit ec Of bofh
 PlT. es5a. See. i2. It han ps the duty of tte ferfsfosiai treasurer Co pas the ia-efest on said
 sopd wilea the sane falls sue out of zsid ieteress mo. if susssieuf: sud if rsis fand he not suai eieat then to psy fhe defceaey out of the general fgnd= pToTsde ], 'h1t De Te-rt Hia au.lit shalI frst drsw his nsrraut tEe e-rs ofiIl tFelsures r1rahe IEe rfier of s4if .feasurrF. fv- The