The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1891-02-26
TO REDEEM COUNTY SCRIP.

ASsSmpi1 pii Nv o. ihbtOuuNSu ny du
Emons and relating to the payment or
redemption of certificates of indebted
ness against the general county fund,
usually called county scrip"
An Act to provide for the payment of
the floating indebtedness of Lincoln |
county, Nevada.
SECTION l. From and after the first
day of April, A. ID. eighteen hundred
and ninety -one. it shall be unlawful for
any county auditor of Lincoln county,
Nevada, to draw any warrant on the
county treasurer of said county in pay
ment of or in satisfaction Of any certifi.
cate or certificates of indebtedness now
outstanding against the general fund of
said county, or any certificates of in
debtedness which may thereafter be is'
sued against said fund, or for the county
treasurer to pay the same, except in the
manner provided in this act.
SEC. 2-The board Of county commits.
sioners of Lincoln county are hereby
authorized and directed. on the first day
of April, 1891, to create, in the county
treasury Of said county a
fund to BE- known al the Gre
demption fund" OF said county, and
shall, at the same time, caused to be
transferred in said fund twenty per cent.
of all county revenues in the general
fund of said county; and the county
treasurer of said county is prohibited
from paying out any portion OF said
twenty per cent. of said money so trans
ferred, except as herein provided. The
said board of commissioners shall, when
making their annual levy of taxes, cause
not less than twelve per cent. of all
county revenues, SO levied and collected
and paid into the treasury of said county,
after the first day of April, 1891, to be
placed in said redemption fund as soon
as paid into said treasury. The money
placed in the redemption fund, created
by this act, shall be disbursed as herein
provided.
SEC g. Whenever, at any time, there
shall be in said redemption fund the sum
of five hundred dollars or more, it shall
be the duty Of the county treasurer OF
said county to give not less than ten
nor more than twenty days notice, by
posting at the court house door of said
county, or by publication in some news
paper published in said county, or both
notice that sealed proposals, directed
to him, as county treasurer, will be re
cieved by him until stated hour of tn
next regular meeting of the board o
, county commissioners of said county, TO
| the surrender of certificates of indebted
ness on the general fund of said count.
< to the amount in said fund Stating tn
' amount), pursuant to the provisions
this act.
r Sec 4. On the first day of such regu
8 lar meeting, the said board of count
s commissioners, together with the count
clerk, auditor and treasurer, shall al
tend at the Office of the county treasurer
!. and then and there open all sealed pre-
posals received in conformity with tn
v notice given by the treasurer under tn
a provisions of section 3 of this act, an
shall accept the lowest bid or bids IL
the surrender of certificates of indebted
II ness, as specified in session 3 OF this &C
s provided, that no bid for more than pi
value shall be accepted by them, nor an
v bid unless accompanied by the certifica
). or certificates proposed to be surrendere'
# and provided, further, that said boar
q shall, if it deem it for the best in.sere
"a of the county, reject all bids and ord
;. the treasurer to re-advertise.
4 The remaining sections are director.
h covering the manner in which bids sha
I. be paid, keeping the vouchers, etc.
If AS the law paying these certificate
q stands with us now, each piece is
% deemable in it's order OF issuance, at fa'
N value, when there is, anything in IL
as general fund for that purpose. The on
!. money paid out on this class Of indebted
ness for twelve years past was last ia
when some $1,000 was applied that wa,
A law for theredemption of scrip he
on some plan similar to the foregoiI
would no doubt be of great benefi
White Pine County is redeeming its scr
in this way at about thirty cents on Il
3. dollar. The only opposers of such phi
i. will be the scrip holders, who, howev
10 are few in number, scrip not usually b
of ing held by the parties to whom it issue
"a but they in the end would really lc
" nothing.