Arizona republican., 1902-05-04
NEW WATER STORAGE BILL
Continued from Pare Sevem


bonds shall be transferred 10 the credit
of a water-storage bond redemption
fund. The board of watGr-storaSe
commissioners shall cause to be paid
to the county treasurer all funds ana
revenues that shall accrue from the
use of said wster-storaSe works, ana
he shall place the same. after proVId-
ing for current expenses, maintenance,
and repairs, to the credit OF bond
interest fund. All money remaining III
the bond-interest fund after providing
for the payment of interest on the
bonds shall be placed in the bond
redemption fund. If sufficient money
shall not thus be realized each year
from such funds and revenues to pay
the interest on said bonds, the board
of supervisors of Maricopa county, 10
supply the deficiency, shall annually
at the time of leVying taxes therein,
cause to be levied each year upon The
taxable property within the district OF
said county hereinafter described, be
ing the district specially benefited by
the construction of the works men
toned in section one of this act, in ad-
dition to the other authorized taxes,
sufficient additional tax to pay the in
terest on the bonds issued and dis
posed of under this act, said district
being bounded and described as Col
lows: Commencing at a point on the
right bank of Salt river at the mouth
of the Verde river; thence in a south
erly direction to the head gates of the
Arizona canal: thence in a general
westerly direction along the north line
of the right of way of the Arizona
canal to the end thereof, at or near
the quarter corner between sections
five and six, township three north,
range one east; thence west to the left
bank of the Aqua Fria river; thence in
a southerly direction along the left
bank of the Aqua Fria river to the ella
river; thence in an easterly direction
along the left bank of the ella river
to the mouth of the Salt river; thence
easterly along the left bank of Salt
river to the east line of the ella River
Indian reservation, in section thirty
five, township one north. range one
east; thence in southerly direction
along the east line of the said ella
River, Indian reservation to the town
ship line between townships one and
two south; thence, following the
boundary of the said ella River Indi an
reservation, east along the said town
ship line to the range line between
ranges four and five east: thence
south, between ranges four and five
east; thence east, between townships
two and three south. to the section
corner common to sections thirty-one
and thirty-tWo, township two south
range six east, and sections five and
six. township three south. range six
east; thence north along the section
line to the corner common to sections
nve and six, township two south, range
six east. and sections thirty-one and
thirty-two, township one south, range
six east; thence east to the east bank
of the Highland canal: thence in a gen.
orally northern direction along the
east bank of said Highland canal tc
the left bank of Salt river; thence il
generally northerly direction along
the left bank of Salt river TO a point
opposite the mouth of the Verde river
and thence across Salt river to The
place of beginning.
Beginning ten years after such bonds
shall have been issued, should there
not be sufficient money remaining in
the bond-redemption fund in any yeal
to pay two and one-half per centum OF
the total amount of said bonds ISSUED
and disposed of under the provisions OF
this act, such additional amount shall
be levied upon the property within
said district by the board of superVis