Arizona republican., 1891-02-21

school dis!ric and the Territorial Auditor shall oil or before the fourth
 Monday in AulMst, in such year, trans-
 init to the lboad of Supervisors of each county, a stattment of the rate of taxes
 fixed, as aforesaid, by said Board of
 Equalization, which is to be levied
 within said collnty and upon property
 in any munic lp,lity or school district therein. for tn, purpose aforesaid.
 SEQ. 3. Thtirate of taxation in the
 several counties, municipalities and
 school districts, shall be such that the amount therecf levied upon the taxable property with n such counties, munich palities or sch,ol districts for the pay ment of the interest annually accruing
 upon the bont,s issued by the several counties, municipalities and school dis tricts of tho Y rIitory and deposited with the Territorial Treasurer, and for the creation of a tmad for the redemption thereof, shall produce revenue suffi- cient to pay the interest and pro- vide fund f,,r the redemption of the bonds issut,d by such counties, munich palities and school districts, severally, and deposited with the Territorial Treasurer, as provided in this Act.
 SEC. 10, It shall be the duty of the Board of Saptr,isors or other board of officers exercising the like duties in the several counte es, to cause the taxes so levied, to be ,mtered on the tax rolls of their couneies3 in the same manner and with same effect as is provided by law for other territorial, county, municipal, and school taxes. Such taxes shall be entered in se ,erate columns designated respectively as Territorial Interest,"" Territorial Redemption, ""County Re-
 funding Inte est," "School District Re- demption," And the officers charged with the assessment, levy and collection of taxes in the several counties are in like manner charged with the assess- ment, levy and collection of the taxes levied unCer the provisions of this Act.
 SEC. Il. It ahall be the duty of the County Trea,urer of each county, or of such other officers as may be perform. ing the iltiss of that office, on or be- fore. Augls. 10, in each year, to pay to the Terri ;orial Treasurer the interest that may l,e due on September l, next following, upon all bonds issued by said county and by any municipality (except all Incorporated city) and school district within such county, and de- posited witl, the Territorial Treasurer under the provisions of this Act, and such an amtnat, after the expiration of fifty years alter the date of the issue of said bonds, as will pay 10 per cent of the total am morlnt of the principal of such bonds, Such payment shall have pref erence over any other charge against said county, except such indebtedness of such county as shall have been law fully created prior 10 June 25, 1890, and which shall not have been paid or re- funded und,r the provisions of this Act. Should there be at the time of such pay ment, any taxes due for any of said pur- poses, delinquent, the same shall there after be collected as prescribed by law, and be paid iilto and constitute a part of the general fund of the county or school district wherein the same shall have been levied.
 SEC. l2. Whenever any county, mu- nicipality or school district shall be di- vided and ! new county, municipality part of its territory, or such territory be added to ail old county, municipality or school district, taxes shall be levied upon the property within such dis annexed t,irlitory for the purposes of paving the interest on bonds issued by such county, municipality or school dis trict, and deposited with the Territorial Treasurer uI,der the provisions of this act, and fo. creating fund for the re- demption of such bonds, as if such separation had not taken place, and they shall be collected by the taxing officers of the county of which dis annexed territory is then a part, as other county taxes, municipal and school district, are collected, and the Treasurer of such county shall pay to | the Territorial Treasurer on or before August l5 in each year, the amount of taxes SC levied, without any deduction therefrom for delinquency or other cRuse.