Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1895-03-13
Esmeralda's Bond Bill.

I
lature aud approved by the Cover
nor:
AN ACT to authorize the Board of
Funding Commissioners of Es-
meralda County to issue bonds
for the purpose of providing
fund to pay the bonded indebted.
ness of said county, and to place
all of the financial transactions
of said county on cash basis.
The People of the State of Nevada,
represented in Senate and ASSEMBLY,
do enact as follows
SECTION /. In order to refund the in
debtness of Esmeralda County, for which
bonds are now issued and at present out
standing under the Act approved Febru-
airy 28th, 1888 and March lst, 1858, and To
place all OF the financial transactions of
said county on cash basis, the Chairman
Of the Board of County Commissioners
the County Auditor and County Treasurer
flee, are hereby made and shall constitute
a Board of Commissioners, TO be known as
the Funding Commissioners of Esmeralda
County, to have and exercise the powers
and perform the duties hereinafter pre-
scribed in this act.
SECTION 2. The said Funding Commits
sioners shall cause to be prepared and
ready for use ON or before the 9th day of
April, 1895, Fifteen Thousand ($15000) Dol
lars or less, and on or before the 9th day
of April 1897, the further sum Of Fifteen
Thousand (S15,OOO) Dollars, or less, bonds
Of the County of Esmeralda, and to pledge
the good faith and credit of said county
to the payment Of both principal and in
terest thereof in United States Gold Coin
Said bonds shall be of the denomination OF
500, $500, $500 and ST 900 each, and each
shall purport in substance that the said
County of Esmeralda owes the holder
thereof q sum Of money in gold coin OF the
United State Of America, to be expressed
therein bearing interest at the rate of not
to exceed seven per cent per annum, from
and after the 9th day of April, 1895,
for the first $4,000 Of said bonds, and from
and after the 9th day of April, 1897, on the
second issue OF $4,000, or less, of said
bonds, said interest payable semi-annually
after the first payment of interest on the
first day OF January and July in each year,
the first payment Of interest to be made
on the bonds issued on the 9th day OF April
1895, shall be on the first day Of January
1896, and semi-annually thereafter on the
days above stated, and the first payment
of interest to be made on the bonds issued
on the 9th day of April, 1897, shall be made
on the first day Of January, 1898, and semi
annually thereafter as above stated,
and all interest and principal of
said bonds to be paid at the Office
OF the County Treasurer of said coun-
ty. One third Of the bonds hereby author
lied to be issued on or before the 9th day Of
April, 1895, the principal of said bonds
shall be due and payable at the Treasur-
ers Office of said county on the first day of
January, 1905, one third on the first day of
January, 1910, and the remaining one-third
on the first day Of January, 1915, and the
bonds hereby authorized to be issued on or
before the 9th day Of April, 1897, shall be-
come due and payable in three equal in
stallments, one third Of the principal of
said bonds shall be due and payable on the
1st day of January, 1920, one third on the
lst day of January 1925, and the remaining
one third on the LIST day of January, 1880,
and the whole thereof shall be paid at the
office Of the Treasurer of said county.
Said bonds shall be signed by the Chair
man OF the Board of County Commits
sioners of said county, countersigned
by the Auditor and Endorsed by
the Treasurer, and shall be attest
ed with the seal used by the Clerk of
the Board of County Commissioners of
said county Said bonds shall have at
tached thereto coupons for the payment
OF interest thereon semi-annually; and
said coupons shall be numbered, and shall
respectively express the amount of interest
due and when payable, and shall be signed
by the Chairman Of the Board of County
Commissioners and the Treasurer.
| SECTION 8. 1t shall be the duty OF the
Funding Commissioners, the Auditor and
Treasurer. to each keep separate record
OF oil such bonds MS may be issued under
the provisions OF this Act, showing the
number, date, denomination and amount,
and to whom issued, together with tho
coupons that may be issued and whenever
any interest shall be paid upon any bond
issued, the coupon or coupons for the in
| terest then due shall be separated from
tho bond, delivered to the Treasurer, who
shall cancel the same and deliver it OF
them to the County Auditor taking his
receipt therefor, whose duty it shall be to
| file the same in his Office. When any bonds
issued under this act are redeemed, the
County Treasurer shall cancel the same by
writing or printing across the face of the
| same the word paid and sign the same
| officially and deliver the same to the Coun-
ty Auditor, taking his receipt for the same,
whose duty it shall be to file the same in
his office.
| SECTION L. AS soon as the said bonds
i