Arizona republican., 1906-01-17
25,OOO.OO

 Pima county bonds issued June 30, 1887, bearing in- terest at the rate of seven
 per cent per annum and
 due June 30, 1906. ..... 25,0OO.00 | Pima county refunding
 bonds, issued June 30, 1901.
 and bearing interest at the
 rate of four per cent per
 annum and due June 30,
 1851 ......... ...... 22,OOOO) Pima county refunding
 bonds, issued June 30, 1902. and bearing interest at the rate of four per cent per
 annum and due June 30, 1852 ...-...... ........... 25.oOOOO School district No. 1 of Pima
 county serial school bonds issued January 1st, 1904, and due ten to twenty years after date. .......... 100000 l Total county bonded indebt-
 edness. exclusive of school
 bonds viz: ($15,OOO) ...... BOT, 240.05 l Santa Cruz county's five per cent adjustment bonds held by Pima county .......... 44sss.87 Santa Cruz county's seven per cent adjustment bonds held by Pima county S,51S.S3 Total Santa Cruz county bonds held by Pima county 5S,407.00 Total Pima county bonds. $307, ,240.05, minus Santa Cruz county bonds held by Pima county, viz: $53.407, equals S253, ,S33.05, total of Pima county's bonded indebtedness. Tn addition to the above named and enumerated bonds and indebtedness, the Territorial Loan Commission, January 15, 1905 funded S150,oo0 Pima county narrow gauge railway subsidy bonds, with interest thereon amounting to S169,7S1.23, making a total of $319,79L23. "The value of the taxable property in the county of Pima as shown by the last assessment roll of said Pima for territorial and county taxes is $4,014,6 ,6S340. ''We also desire to make an official demand on your honorable body to re- fund of said outstanding indebtedness said $25, ,00O bond issue, which became due June 30. 1905, you to fund said in debtedness in the same manner as other territorial indebtedness, and said of Pima hereby agrees to pay into the territorial treasury in addi- ton to all other taxes authorized by law, such amount as may be direcred by the Territorial Board of Equali2a  amount as may be directed by the Ter ritorial Auditor, to be levied for the payment of the principal of the bonds to be issued. in redemption and refund ing of the outstanding indebtedness when the same shall become due. and in addition thereto the amount of the interest paid by the Territory on such bonds.
 "CSigned) F. L. VAIL. Chairman of the Board of Supervisors of Pima County, Arizona Territory.
 "(Signed) F. F. HUGHES, "Member of the Board of Supervisors of Pima County, Arizona Territory.
 "(Signed) C. F. RICHARDSON, "Member of the Board of Supervisors of Pima County, Arizona Territory.
 "(SeaD
 JOHN NETS. Clerk of the Board of Supervisors of Pima County, Arizona Territory
 
 After the commission had discussed the facts presented, MT. Nichols of fered the following resolution which was unanimously adopted:
 Be it resolved by the Loan Commis- sion of the Territory of Arizona, now on this 18th day of July, 1905. duly and and lawfully in session at Phoenix,
 
 commission being then and there pres ent. that
 Whereas the Board of Supervisors of Pima county has this day presented to this commission it's application and demand to have certain of the bonds of said Pima county, hereinafter men, toned, refunded under the provisions of law relatiny to the refunding of territorial, county and municipal in debtedness, and,
 ''Whereas, it has been made to ap pear to this commission that hereto fore to-wit, on the 30th day of June 1887, the Board of Supervisors O. said Pima county, being thereunto lawfully authorized, caused to be issued two hundred and fifty (25O) of the bonds of said Pima county, bearing said date of June 30, 1887, each for the sum of $1,000.00, and aggregating in all to $250, 100000, bearing interest at the rate of seven per cent per annum, and num- bered respectively from 1 to 250 (both numbers included) and,
 "Whereas, Is is further made to ap- pear to this commission by the repre- sentation of said Board of Supervisors of said county that the indebtedness for which said 250 bonds were issued, was, at the time they were so issued,
  debtedness of said Pima county, for the payment of which said county was then otherwise legally bound, and
 "Whereas, it is made ito appear to the satisfaction of this commission that the indebtedness for which said bonds were issued was incurred and created and existed and was a valid obligation against said county prior to the 31st day of December, 1890, and
 Whereas, it is further made to ap- pear to this commission that twenty five (25) of said bonds, to-wit: those numbered POI to 225 (both numbers | included) each for the sum of $1,0O0.00 aggregating in all to the sum of | twenty-five thousand ($25,000) dollars became due on the 3Oth day of June 1905, and are now due and unpaid, to- gether with interest thereon from said | 90th day of June. 1905, and
 Whereas, it is further made, to ap- pear to this commission that said Pima county has not now available the cast resources with which to redeem said