Tombstone daily prospector., 1890-08-06

with thr Secretary of the Territory snd re- cerdcd by him in book to be kept for that pui pose. And ihe said treasurer shall stand caaTged upon his official bond for the faith fal perfnFtnancc of the duties required of him under il.is act
 Par. 9l4. See. q The Territorial treas
 urer shall sell sand bonds for cash CT ex
 change them Tor any of the indebtedness.
 fuf the redemption ot which they were SO issued. bui in no ease shah said bonds be
 sold or exchanged for less than their face
 or par vaiuc and tLe accrued interest at the time of disposal a0I must any indebtedness
 be redeemed at moro thau its face value and any interest that a5y be due thereon.
 That said treasurer shall indorse by srhing or stamping in ink. Oa fte face Of
 ihe paper eyideucing the indebtedness re
 eeived by him la exchange for said bonGa,
 the time when and the amount for which ex changed.
 Par 2346, Sec. $ Moneys received by said treasurer, shall be applied by him to the
 redemption o' the debtrdness for the re-
 dcmpti0n Of which bonds were issued a.
 the treasurer shall give nO'ice as is provided
 by law in case Of payment and redemption Of Territorial warrants, Of his readiness to redeem such indebtedness and theraafter interest on ali such inde 5tedness due and outstanding shalk keease.
 Before any such indebtedness shall paid the Territorial auditor FkaIl iBdorse on each certificate the amount due thereon and shah write across the face Of each the date of it's surrender and the name of the
 persoa suFIendering, and shall keep proper
 record thereof.
 Par 2a4T. ssc Q, There shall be levied
 annually upon inc taxable property In this
 TcgtiteFy and in addition to the levy for other authorize4 taxes a sufficient gum to pay ihe interest on all bonds issued and disposed Of in pursuance of the provisions Of
 this set to be placed in the Territorial ireasar, in the fund Co be known as the Interest Fund 1 And fifty years cfier such bonds shall have | b en issued such zddItitionai amount shall he levied annually as Mil Day ten per cent of the 1 total amount issued. gntil all the bonds issnrd ! under the provisions of this act are paid and discharged: nothing herein contained shall be 1 construed iu prevent the Legislature oi Arizona | from creating sinking fund during ihe hfe o said bonds Tor their redemption .t .a=;urity. ! ''The Territorial Board of Equalization or | on their failure. he Territorial Auditor shall I Getermine the rate Of tax 70 be levied in the ! different counties in tiIs Territory to carry ou, | the provisions of this act and shall certify lise | same to ilie Board of Supervisors iR each ! county and Co the mu-icipai or school author- | ites. are hereby required Co enter such rate on | their assessment rolls in the sane manner and
 sith tiie same effect as IS provided bg law m re laii0n to other Territorial. county. municipal l and school taxes Every tax levied under the | provisions oi authority Oi tbis act is hereby | made a l.en against The property assessed ! which lea silal attach on the iirsi Monday in | March in each year and shail not be satisfied ! or removed until such tax has been paid, ! "Ail moneys derived from taxes authorized by the proyisions Of this act shall be paid into the | Territorial treasrry and shall be applied "FIrst 10 the payment Of the interest of the hOnds issued heIcunder
 | Second To the payment Of the principal of | such bonds: Provided. That all moneys re ! nianing a the interest fand after the payment | of ihs Interest ard all moneys remaining il. the | redemption fund after all said bonds shall have Il paid and aischaEged. shall be transferred by the | Territorial treasurer 10 the said general fund. | Par 2o4s. Sec Io- Whenever after the ex-
 piration of ;he fifty years fi on the dare Of issu-
 srSe 0i @gy bonds under this act. silgre remains | after th. Psymen; Ci the intcrrst as provided in
 the prccc-shnE section, q surplus 0f len thousand dollars more it Ehaii bc Inc duty of the Ter
 ss;sFss! treasurer to advertise. as in the manner | of advertising by the loan commissioners for ] bid5 for sale Of bonds. which advertisement | shall state the amount of money in the redemp- | tiun fuEd and the number of bonds nuniiefng | them ln order Of their issuance commencing al | the lOwes1 number then outstanding, which | Such fUrd is set apart to ray and discharEe. and | if such bonds so numbered in such advertisement
 shall not be presented for payuient and cancel
 larion at the expiration cf such publication, then such fund shall remain ID iisc treasury 10 dis l charge such bonds whenever presented but they | shall draw no interest after the expiration of | srch pnbiicn;ioa Before any such i.oads shah !
 ial auditor sho shall endorse On each bond the
 arnouni due thereon and sllali write across the I face thereon the date of its surrender and the name Of the person suTrOndering. The Terri
 torisl Auditor shall keep record of ali bonds ! issued and disposed Of by the Territorial tfs-as
 urcr showing their number r1fe of interest date | and amount os sale. Sben where and to whom | payable, and if exchanged for what and when | pfessnted for the redemption he dafr, amount
 due tbeEeon and person surEenderins.
 The ., ards of sBperSis orS OT q e cSnutics the | munieipsi and school sushoTiiies gre .ersay au- | thJstssd sad dr-cled 10 report 10 the loan com ! n ssi ners of the Terrt p tte 2 b1nced and out | stgudins inee5tedaess and salG ioUn COlnis- f sIoIe may. on W itten demand, H qHire SD odi- | ciAl report from the bCa-s of sapszisoIs CT oaa tics the maaf pal 9r school gu thorifc- uf their | bon e and 0uretsndihg indebisdasss and saiG
 loIn eommi sicns rs sha pTnyiic for Ihe rgdeens- | icg or Esfaneiug of he eouufy, BHaseipal and
 fchooi ciiiricf iudebtedness upssa tEe ofc al de-
 ma -d of etd authorities. in the same m msrsfr ..s
 Otn Ters''oTiai m tebtainerr and taey shall --t
 bonds for aaJ indensedaess nos ailoWeI, or tsat | may De hcresfter allowed, by laS l0 cad oonniy Du5!cipa ify ef school Girtr1et, upon Cnieial de
 maud hy cad a-lthor .gie-- the county, municipal fly or s-hool eisIrcf 10 pay iEg5 ske Terifo-iaI
 treasury, fa asditiog , aI otseT isxs4 tut s;zea by isW. surh an pants may te directed hy the
 Teri oTial hoafd oi equsliEs tfOr on theis fail
 afe by f5e ferrafo-I1l aust1r. 10 b. levied fsF te | psyment of the pfiie.pal of the bonds issned rn E- ies8pi0u- iefsro- -sg niheg bouds 5ssuea t.,
 satia county manicp paiiiy CT sch q li-lFiet when
 tis sane s4ii hec aud in tdditioa rate | oi iutefesf pad by f feTfsto Z ca spgh bours Par. z099. Sec 1i. When the easu,er psys or re7eeuE any inGslde iEess Ee rhaH iacofss bv
 Eitlin or stamp n iaiS the faee 0f he paper eysGcnrirg uel udcbfrd lcss % paii or r=de med the wosd- redeemed aud ca-ceicd.' WiIh ihs date of cancellations. He -hail serp a rnii and iarficu
 lar account and reeort of ali his proerading- an ce, thi- a l. and of the b5nds red -emed and s1r- rendered. and he shzl. tfaasnfit to The rereruer sh=iract of sil bis proceedings arcer this aef
 Nifh Eis sDneAl .cpoTt Co he by t4s cogerr os lard bef5-e ine iegislsture ft ifs mcefing- Al bosk=
 ar pApefr per aiming tls the mGttsr nrfsiTed isi thfs eef shal At si tine. D. open to fhe iaspee- fi0n of the party interested she goFsrtO- orsa
 csmmsitee 0f eitber branch Of the lsaislzfu ure oF iosnf conmiffec Of boih
 Pa,. Scto Sec I2 fS flrsIl De the slnty Of the
 TrrIifSrIai treasurer to pay the interest 0n said boDds when tne fsls snc of sad interest fund 4 suficisni: abd f seid fand De Dot sam cent, taea pay h. csfcercy out of the genera fund: Proslcc ' shzt De 2 erTit aai aastIr shall first draw his Asralf the e-Ei orsaI Ire lsurer psyahie Q abe order of id srcasufer for the
 ounf of saco ocfcienef out cf be eese-sI fund
 Par. 3os1. See IA it shsil be the euiy Of said
 iOau commi.siorers to make a fuii report sf sil
 tssir proceedings had g1ae7 the prDsisi5n ni this eel 0 the governfr on or bei0re he Arst day of
 gsfsaIy of eat year snd sad reyofss shlIi De
 Trarl trf fA