Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-02-11
FOR COUNTY BUILDINGS.
senator eddie Introduces Bill III
Legislature Authorizing Com
missiOners to Issue Bonds.

bin in the Legislature authorizing
the county commissioners oil TINS
county to issue bonds for the purpose
creating a fund for the erection
and furnishing Of county seat build
ings in Tonopah. The bill which is
sure to pass, reads as follows
AN ACT TO AUTHORIZE THE BOARD OF
COUNTY COMMISSIONERS OF NYE
COUNTY TO ISSUE Bonds FOR THE
PURPOSE CT CREATING A FUND
FOR II ERECTION AND FURNISH
ING OF COUNTY BUILDINGS IN THE
Town OF ToNoPAH.
The people of the Sta'e of Nevada,
represented III Senate and AS
sembly, do enact as follows:
Section l. The Board Of County
Commissioners of Nye County, Ne
vada, are hereby authorized and en-
powered to prepare and issue bonds
Of said county, after The first day of
March, 1905, for an amount not ex-
ceeding the sum of fifty thousand
dollars, exclusive of interest, for the
purpose of providing funds for the
obtaining of premises and erection
and furnishing Of a court house and
Jail, and necessary county buildings
in the town Of Tonopah in said county.
Sec. 2. Prior to the first Monday
in May, 1905, the Board of County
Commissioners of said county shall
cause said bonds to be prepared and
ready for issuance. Said bonds shall
be signed by the Chairman of the
Board, countersigned by the County
Treasurer, and authenticated with
the seal of the county. Coupons for
interest shall be attached to eacl
bond, so that the same may be re.
moved without injury to the bonds.
and each of such coupons shall bt
~consecutively numbered, and signeC
by the Chairman of said Board an(
the County Treasurer.
Sec. 3. The Clerk Of the Board 0
County Commissioners shall keep
record Of all proceedings under tn
provisions of this Act, showing tn
number and date of each bond an.
to whom issued.
/, Sec. l.. The Board of County Com
5 missioners of Nye County are hereb
e authorized and directed to negotiat
the sale of said bonds by advertiser
0 for sealed proposals or by privat
t sales as they may deem for the bes
interest of the county; PROVIDED
that no bond shall be sold for lie,
than par value; aud PROVIDED, thu
/ all bonds shall be made for gold col
e of the United Seates, and the il
d trest thereon shall be payable in liz
e gold coin.
d Sec. 5. Said bonds shall be eaC
v in the sum of one thousand dollar
e They shall be numbered from one
Ie fifty continuously; and the intere
d on the same shall not exceed six p,
lie cent per annum, payable annually {
the first Monday in January in eat
d year at the office of the Coun
l. Treasurer of said Nye County, al
is in no case shall any of said bonds n
1t for a longer period than ten years.
a. Sec. 6. For the purpose of crea
is ing a fund for the payment of Il
A. bonds authorized by this Act and d
i interest thereon, the Board of Coun
n Commissioners of Nye County a
e hereby authorized and required
x levy and collect annually a spec
in tax on the assessed value of all pro
I'd erty, both real and personal,
GLIDING proceeds of mines within t
is boundaries of SAID Nye County, un
lie such bonds and interest thereon sh
ID have been fully paid, sufficient to p
40 the interest on said bonds and
t, pay and retire five of said bonds a
nually after the first Monday
er January, 1906. Such tax shall
S. levied and collected in the same ma
is ner and at the same time as 9th
taxes are assessed and collected, a