The Wadsworth dispatch. [volume] (Wadsworth, Nev.) 1892-1899, 1899-02-18
The First Stone.
WadsWorth School Trustees
Present the Bond Bill to
the Legislature.

IN -1cf to authorize the Trustees OF
School District No. III in the torn of
Wddsworh, Washoe County, Neroda, to
issue bonds for school pu poses.
The people ofthe State Of Nevada, rep
resented IN Senate and assembly, do enact
as follops:
SEC. /. The Board of Trustees OF School
District No. Eleven in the town of Wads-
worth, Washoe County, Nevada, are
hereby authorized to issue bonds for
sum not exceeding fifteen thousand dol
lars, in United States gold coin. none OF
which bonds shall run for period long
er than sixteen years from the date
thereof.
SEC. 2. Said bonds shall be issued
for sums not less than one hundred dol
lars each in gold coin and shall be sold
at not less than their par value and shall
bear interest at a rate not exceeding six
per cent per anEum, payable annually;
they shall be payable to bearer, and
coupons for each installment of interest
shall be attached to each bond.
Sec. 8. The said Board OF Trustees
are hereby authorized to purchase the
present school site in said town Of Wads-
worth, and build thereon school build
ing with necessary and proper outhouses
and appurtenances, the aggregate cost
Of said land, building and other iuprov-
ments not to exceed the sum OF fifteen
Thousand dollars, and the said Board of
Trustees shall Immediately proceed %
issue the bonds herein provided for,
and when the same are disposed of, Shall
proceed, with due diligence to purchase
the said land, erect said building aud
makes eseaid,iniprovement in accordance
with the provisions of this Act.
SEC. 4. The bonds and coupons here
in provided for shall be signed by the
Chairman and Clerk OF said Board OF
Trustees, and countersisned by the
County Treasurer of Washoe County.
SEC. 5. All moneys received from the
sale OF said bonds shall be paid into the
County Treasury. and the County Treas
urer is hereby required to receive, and
safely keep the same in fund to be
known AS the "School District No. Elev-
en- Building Fund.-" and to pay out the
money only on warrants signed by the
Chairman and Clerk of said Board of
Trustees, and duly allowed by the Board
of County Commissioners of said Washos
County. The County Treasurer shall be
liable, OH his official bond, for the safe
keeping OF said moneys which shall come
into his hands, and for the faithful dis
charge OF his duties in relation thereto.
SEC. 6. For the purpose of providing
for the payn ent of the interest upon
said bonds, the Board OF County Com
missoners of said Washoe County are
hereby authorized and required, at the
time of the annual levy of taxes for State
and County purposes, for the year nine
teen hundred, ana annually thereafter,
to levy upon the property OF said school
district auch tax as in their Judgment
will produce the amount of money nec-
essary to pay the, interest upon said
bonds, as hereins provided. The taxes
so levied shall be assessed and collected
in the manner OF the assessment and
collection of other taxes; shall be paid
into the County Treasury and kept by
the Treaeu rer in fund to be known as
the 'School District No. Eleven Interest
Fund, and the money in said fund shall
be disbursed by said Treasurer in pay
ment of the interest upon said bonds as
the same becomes due upon presentation
and surrender by the holder OF the cou-
pom therefor.
SEC, Z. To provide for the payment
of the bonds herein authorized to be is-
sue1, the said Boa.1 of County Com
missioners shall, in the year nineteen
hundred, and annually thereafter, at the
time OF levying taxes Tor State and
County purposes, and in the same man
ner levy special and additional tax
upon all the property situated within
said School District No. Eleven, suffici-
ent in their judgment to raise the sum
of one thousand dollars a year, which
shall be assessed and collected the same
"a other taxes, paid to the County Treas
urer, and 10y him assigned to tie Gen