The Arizona champion., 1891-02-07


 in the office of the Probate Judge of Iavapai County pertaining to the Towmsite of Flagstaf, shall be trans. ferred by the Probate Judge of YavaPai county to the Probate Judge of Coconino county; and the Probate Judge of Goconino county, in so far as the Townsite of Flagstaff is con cerned, shall be the successor of the Probate Judge of Yayapai county, and the said Probate Judge of Coco nino county shall have all the rights and privileges in regard to the hold ing of the title of said townslte of Flagstaff and of making transfers of any part thereof, as originally had and held by the Probate Judge of Yavapai county.
 SEC. IS. The members of the Board of Supervisors of the counties of Yayapai and Gcconino shall, on the first Monday in April, 1891, meet at the office of the clerk of the Board of Supervisors of YaYapai county, Prescott, and ascertain the exact amount of the total indebted ness of the said Yavqpai county at the date of passage of this bill, and shall duplicate itemized lists thereof; each of which lists shall be certified by the chairman of the respective Board of Supervisors as correct; one of which said lists shall be retained by each of the Board of Supervisors as part of the public records of their respective counties. One third (B) of said indebtedness, So ascertained, less twenty-five thousand dollars (S25, 5,ooo) (the same being one third of the estimated value of the public improvements in sad connry of Yaya- p.i at the time of the passage of this aCt) shall be the ascertained indebt- edness created and incurred by, and on aGcount of. that portion of Yava- pal county which comprises the said county of GoconiHo, and is all the legal existing indebtedness of sad county of Coconino, and for the payment of which the said county of Yavapai is now obligated, and which shall be paid by the sad county oi Goconino 10 the county of Yayapai as hereinafter provided; and then the total indebtedness of the Ounty ol Yavapai, at the date of the passage of this Bill, shall be paid by th. county of Yavapai. Provided, how ever, that should the Board of Sup ervisors of either of the said counties tail, refuse og neglect to meet at the tlme and place and for the purpose above mentioned, then the Board of Supervisors which does assemble are hereby authorized to meet a. the said time and place and ascertain the ex act amount of the total indebtedness of the said Yavapai county at the date of the passage of the Bill, and make duplicate itemized lists thereof, each of which said lists Shali be certl- lied by the chairman of sad Board Supervisors; and said lists, so Certlfi- ed, shall be and become a record of each of said counties Yavapai and Coconino as above provided.
 SEC. Io. The Board of Supervis- ors ofsaid county of Coconino, as soon as the said indebtedness men, tioned in the proceeding section shall be aScertained, shall meet at the county seat Of said county and for the purpose ofpaying, redeeming and refuoding the existing indebted ness of sad county, as in the pro cecding section stated, issued nego- tiable coupon bonds of said county of Goconino. bearing interest at tie rate of seven per cent. per annum, payable on the second day of Jan uary in each year. The priRclpa! and interest shall be payable in gold coin of the United States at the office of the Treasurer of said couaty of Yavapai. Each of said bonds shall state upon it's face the amount for winch 1t IS issued, which shall be In the sum of one thousand dollars, and fractional amount for the last bond, when and where pay able, date of issue, time and place of payment, payable to the county of YsVapal, Arizona, or its order, rate of interest and recite that 1t is issued in conformity with this act. The principal of said bonds shall be paid Provided that the said Board of Sup ervisors of sad Coconino county may make all or any of said bonds redeem able st an earlier date, the said bonds shall be signed by the chairman Of the said Board of Supervisors and bear the official seal of said board. and shall be signed by the Treasurer of sad County and bear the seal oi his office. They shall be consecu lively numbered and there shall be attached to each and bearing the same number, annual interest coup | ons covering the interest expressed | in said bond, said coupon shall be signed by the chairman of said Board | ot Supervisors and said Treasurer, and shall be so affixed to sad bond as to be removed therefrom without mutiiating the same. Provided that the bonds of CoconIno county issued under the provisions of this act may, at any time before they become due, be redeemed by the said county ot Goconino upon paying the holders thereof the amont of principal and interest then due thereon. or by glY |