Tombstone daily prospector., 1890-07-17
AS Acr.
4 paroS ing wish Amendments the Handing Act or
 Arizona.

| ~ amended SO as io read as follows, and hat az amended ths same is hereby approved and confirmed subject tu futu,e Territorial iegisiAiicn. Title XNAI-F FuHdios and loan. Chapiei Dae. territorial. county. munlclpai and school district indebtedness.
 Par 2039, Sec. For the purposF Jf !quiiaiiog and providing fer the baytEent of the outstanding and ex ssiiaE indebtedness of the Tsrrilory If Arizona aud such fn ure ind .bttdnrss iS may l,e, or is now aGlhCTzea hy law. the Governor of said Territory together with tue Territorial auditor lnl Territorial secretary. and Jhsir .useeasors in Ofiias. shall constitute 8 bJsfd Of com IG Iss;Cnars. to le styled fhe loan commissioners of the relri ;nry ot Arizona. and shali have and sxer'ise The power and perform the flutes hereinafter provided.
 Par. 20a0 Sec 2. It shall bs and is hereby declared the duty of ihs loan commissioners to provide for the pay ment uf the existing Territorial inaebt ness due, aal tn become due. or thlt k now or may bs hereafter, aRth aTizei by law. and for the purpose of 9iy saG, Ges!s,eiairE and retunding all or any part of tbs principal an'l iuier est. or either of the existing and sGb
 sis.iug ierrItoriai legal indebtedness .ai also that which at any tiue may b-come lue. or iS now. or may b. herpal.es auihorizs.i by law. tue sIid commissioners shall from time 10 tITIe ts>ns uegotiz'te 'upaD bonds oi ihi- Territory Then the sane can De done at a lower rate of interest and to ibe prltit and bencfi; of the Territory. Par. 2atl Sec. 3 Said bDuis sl,ali Je issusi as uear Es practicable n de nomiustTurs of ons thousand dollars but bonds of lower denomination ] not less than two hundred aud fifty I.llars may be issued vixen necessarr. 1 Said bonds sball hear intersst at rate ! 10 De fixed by ,ls loan commissioners. i but ia Go cIse tu exceed five per cen, nor aunnn. which interest shall b. paid in gold coiu or it's equivalent in I awful nor ey of ihe United States on | lhs ffiesnth day oi JaDuary of each | year at inc office of inc Territorial l treasury or ai snch bank in The city 0l 1 New York, state of New YoJk or in ,ht city of San Francisco, state of Caliior nia as may be designated by said ioaT commissioners. at the option of tho 1 purchaser of said ponds. the place ot uay inept being mentioned in saii bon1i l 1T.ie priuci ,ll of said houds shall bs made payable in lauful money of tlI' | Uuitrd Siates fifty years after the dat cf theiF issue. but may be redee met
 fer twenty years.
 They shall ise the date of tbei
 issue. ssa.e when where and to whom payable, rate of interest. and wheI
 ant where payable and shEll be signei by said loan cOm mis~ioueIs, and siIai
 have ihe zeal Of the Territory alike,
 thereto. aud eonutsr,ignel by iht Territorial treasurer ard bear has of firiai seal ard shaii le registered b, Ihe Territorial auditor in a 5osk iO b
 kept by him for the purpose. whicl
 shall state the amount sola for. Ur.
 exchanged for what, and the faith an. c.eiit of the Territory Is hereby pledg ed for the Psyroent nf said bonds an, the interest accariug thereon as herein provided.
 Far 29i2. Sec 1. Coupon for fin
 interelt shall b. attached 10 each bon,
 -o that ihey may be removed withog iuinry or nntiia'ion Co the bood. Tue
 slall be conseculively numbered aB.
 bear the same nnmber ,f the boni it
 winch they are attacbe.i aud shall b gued by the Tarriinrial treasurer.
 The sa q eupous shall cover ihe in ltsresf expressed in sail bond ffom tn
 date oi issue Hn;i! paid; but in ID css
 shall bo5ds bear interest. nor shall an
 interest be paid thereon for any tim
 before their delivery to the purchase
 as hereinafter provided.
 Par. 20i3 S>c. . Whenever the sai loon commissioners may be authorize I py Jaw Co issue bonds rr shall have !. cisIe,i tb refund CT redeem al or ar
 part of tbe existing indebtedness ( fs,is TesrI,ory. they shall direct ih Territorial treasarfr to advertise for th
 sale of the bonds t0 be issued for tha purpose. by cansjng a notice of sue : sale 10 be puhiislsed for the period c oue month in some daily ncgsDape ; published at the capital ofthe Terri : tory. and at least one insertion n som . newspaper published in the City c New York and state of New York SD in the city of San FranciSco. state q ! California. sr-h Entfce s'isH Fpeefg fh ! atnounf of bonds t', he sold, the piece, d' 3 and hour oi safe and tll-i bids sill be secsii : ct ly said iFe1ssrcr sor the piTsh1se cf s's ] bonds wi.' la oiir nonfh from ihe expiratio [ 1 af aid paisicatioa. ani st the alace aH time naineI ip saiG ssii-c The said .Tss~ure ] and loan commissioner shall oDea all lad 2 received by him and shall sEard Inc t'ii
 chase Of sad hOBd-. or @Hy plst iilereni [ l fae hidder HF hiddcr- fbeFe'f tHGdiHg th i lowest rate nf interest ProTided fhst Fai loan commissioners have sa right te rejs, 1 suv aud all bids And provid q furtli@f iha tsicy may retasc 10 uuk- any award uHie-
 sg,fscientsecuriiy shali bs furnished by n
 bidder or bidders for l.e compliance wit
 theterIns of their bids
 ssPar. S04f. Sec c. When the sale if sai tonds shah l,e awarded by the loan eosf T fsi<siancrs they sifaii provide aud P-oca D Inc neresssry bDnds as in tsis act p-ordc'
 and any expenscs ires-rred lIy lem ihcr for . | far inc puisiicaii.,s oi said no'l-cs- eists
 s.As s.s- i. .,ignssss,t of interes
 .sr money sss said bo a-. and ali afii He' -. es.ary isleida1fal exocTses under tlts pf. . v.siors of Dis ref shau bs pad ont of [. general fssnd Of said frrsisory. upoH tlss. 70
 der of fle Territorial auditor, e rEnfer Is
 H