The St. Johns herald., 1895-03-07

said lists shall be certified by the
 chairman of said Board of Super
 visors; and said lists, so certified,
 shall be and become record of
 each of said counties of Apache
 and Navajo, as above provided.
 SEC. IS. The Board of Supervi-
 sors of the said county of Navajo,
 as soon as the said indebtedness
 mentioned in the preceding section
 shall be ascei tained shall meet at the
 countyseat ofsaid county ,and for the
 purpose of paying, redeeming, and
 refunding the existing indebtedness
 of said county, as in the preceding
 section stated, issue negotiable coup
 on bonds of said county of Navajo,
 bearing interest at the rate of seven
 (7) per cent per annum, payable on
 the second day of January in each
 year. The principal and interest
 shall be payable ill gold coin of the
 United States at the office of the
 treasurer of said Apache county.
 Each of said bonds shall state upon
 it's face the amount for which it is
 issued, which shall be in the sum of One Thousand Dollars, and frac- tional amount for the last bond,
 when and where payable, date of issue, time and place of payment, payable to the county of Apache, Arizona, or it's order, rate of inter est, and recite that it is issued in conformity with this Act. The principal of said bonds shall be paid as follows: Ten (1O) per cent of the total amount issued, in ten (10) years from the date of issue, and ten (10) per cent of the total amount issued. annually thereafter, until all of said bonds shall be pald Provided, that the said Board of Supervisors of said Navajo coun- ty may make all or any of said bonds redeemable at an earlier date, Said bonds shall be signed by the chairman of the said Board ofSup- ervisors and bear the official seal of said Board, and shall be signed by the treasurer of said county and shall bear seal of his office. They shall be consecutively numbered, and there shall be attached to each, and bearing the same number, an- nual interest coupons, covering the interest expressed in said bonds. Said coupons shall be signed by the chairman of said Board of Sup ervisors, and by said treasurer, and shall be so affixed to said bonds as to be removed therefrom without mutilating the same ; Provided. that the bonds of Navajo County, issued under the provisions of this Act, may, at any time before they become due, be redeemed by sad county of Navajo. upon paying the holders thereof the amount of principal and interest then due thereon, or by | giving in exchange therefor, Terri torial funding bonds of like amount, Tt the option of the holder of said l bonds.
 SEC. 19. The said bonds shall be It once delivered to the treasurer of Apache County, who shall receive he aame as the property of said county, and shall stand charged up- ,n his official bond for the same md the said county of Apache is hereby authorized to take, own, and lold the said bonds, and. through ts Board of Snpervisorf, dispose of md transfer the same for the bene- it of said county; such transfer hall be made by the endorsement ,f the chairman of said Board, at ested by the clerk of said Board, with the seal thereof; Provided, hat all moneys realized from the ale of such bonds shall be applied o the present existing indebtedness If Apache County.
 SEC. 20. The Board of Supervi- ors of the said county of Navajo hall cause to be assessed and levied ach year upon the taxable proper y of said county sufficient sum 0 pay the interest on all bonds is ued in pursuance of this Act; pro 'ided, that in the year A. D. 1901. nd every year thereafter, until both he principal and interest of the 'onds which have been issued un- Ter this Act shall have been paid, he said Board of Supervisors shall evy snch furthsr and additional TX may redeem such amount of
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