Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1895-03-13

sell said bonds at not less than par and pay
on said Indebtedness when it becomes due
SECTION 5. In order to meet the semi
annual payment of interest and until the
principal and interest Of said bonds to BE-
issued shall have been fully paid, in add
ton TO the ordinary taxes for county pur-
poses, the County Commissioners OF Es-
meralda county shall for the year A. u.
1895, and annually thereafter, until the
principal and interest is paid, order and
cause to be levied and collected at the same
time and in the same manner as other rev
enues are levied and collected, Especial tax
of not exceeding forty cents on each ono
hundred dollars of taxable property in said
county and the money raised from such
tax shall be placed in the Interest and
Sinking Fund OF said county, and shall so
far as necessary be applied to the pay
ment Of the semi-annual interest on said
bonds, at tho times herein stated The
overplus shall annually be placed in the
General Fund of saidcounty, to be replaced
in said Interest and Sinking Fund when
needed TO pay any principal when due, OF
said bonds, and if the amount 20 raised
from said special tax, and in said Interest
and Sinking Fund shall be insufficient TO
pay the interest or principal of said bonds
as they become due, then the sum lacking
shall be made up out Of the General Fund
of said county.
| SECTION s. Whenever at any time there
shall be in the said Interest and Sinking
Fund sum of money amounting to one
| thousand dollars or upwards, and all tho
| interest due on said bonds shall have been
paid, and the amount of money in said
Fund will not be needed for the payment
of future interest to accrue within the en-
suing twelve months, the Board Of Fund
ing Com missioners may insert an adver-
tisement in at least Que newspaper pub,
lished in the county, for the period OF nj
least three weeks, stating the amount OF
money on hand to be applied to the redemp-
tion of said bonds and notifying the holders
of the lowest numbered outstanding bonds
that the bonds mentioned in the said adj
vertisement will be paid upon presenta-
ton to the County Treasurer.
SECTION 7. IN case the owner and hold.
er of the lowest numbered outstanding
bond or bonds neglects or refuses to sur
| render bonds for payment, then in such
case the Board of Funding Commissioners
may redeem any numbered outstanding
| bond or bonds that may be offered for pay
ment; PROVIDED, that the amount paid
for such bond or bonds shall not exceed
the par value of the said bond or bonds
and, PROVIDED, further, that nothing in
this Act sh; II be so construed as to require
the purchasing Of the bonds as herein pro-
vided, when such purchase would have a
tendency to reduce the amount OF money
in the Interest and Sinking Fund below the
amount required to pay any bond or bonds
as they become due.
| SECTION 8. 1t shall be the duty OF the
Funding Commissioners to negotiate for
the exchange or sale OF said bonds. None
of said bonds shall be sold for less than
their par value.
SECTION 9. No fees or compensation
shall be allowed or paid to any officer of
said county for his official services in car
ryjng out the provisions of this Act, but
| all necessary expenses incurred in so do
ing shall be paid by said county. After
all bonds are redeemed and interest paid,
all money, II any remaining in the Interest
and Sinking Fund, shall be transferred to
the General Fund.
SECTION 10. Nothing In this Act shall
be so construed as to in any manner inter-
fere with the payment to Esmeralda coun-
ty by the County Of Lyon its proportion
of indebtedness as at present required by
| law.
SECTION H. All Acts or parts of Acts in
so far as they are in conflict with any OF the
provisions of this Act are hereby repealed
and the faith Of the State of Nevada is
hereby pledged that this act shall not be
repealed, nor taxation thereby imposed
omitted, until all the bonds issued under
and by virtue thereof shall have been paid
in full, both principal and interest.