Arizona republican., 1906-01-17

feiture to the county in default of car rying out the terms of their bid for the purchase of the said bonds.' And whereas, the said Board of Supervisors of said Pima county on
 to-wit the 9th day of July, 1887, as
 shown by it's minutes, took the follow ing action, to-wit:
 "'Resolved: That John s. Wood, County Treasurer. Pima county, be and is hereby authorized and empow- tered to exchange with Messrs. Pres ton & Co, Autographed bonds of Pima
 county for $250, ,000 in lieu of the print
 ed bonds of said county now held by
 them, which said bonds were issued
 under the funding act of the legisla-
 ture of the Territory of Arizona, ses-
 sion of 1887. Said Preston & Co. to | furnish the Autographed forms. And
 we hereby authorize said treasurer to furnish said Autographed bonds to Chicago, Illinois, for said Preston & Co, in such way as he may deem
 proper
 And Whereas, There is now out 1 standing on said refunding bonds so
 issued in accordance with the provis-
 ions of the law and the acts of the Su- pervisors as hereinabove set forth, cer-
 tain of the said bonds, numbered POI to 225, both inclusive, of the denomina-
 tion of one thousand ($1,0OO) dollars
 each, and aggregating the sum of twenty-five thousand (S25.000) dollars, so issued as aforesaid, of June 30th. : 1887. and bearing interest at the rate of seven CD per cent per annum as
 aforesaid, all of which interest has been
 fully paid;
 I And Whereas, Said bonds numbered
 POI to 225, both inclusive. became due
 and payable June 3Oth, 1905;
 And Whereas, Said count-' of Pima
 has not the cash resources with which
 to redeem said bonds
 And Whereas. Said indebtedness as
 evidenced by said bonds, was con-
 tracted bX said county prior to Janu- ary 1st, 1897, as hereinbefore set forth; Now therefore, be it Resolved, by
 the Board of Supervisors of said Pima : county, Arizona, that this Board do make in writing to the Honorable the ,t Loan Commission of the Territory of Arizona, statement of the outstand- : ing indebtedness of said Pima county,
 and an official demand for a refunding of ? certain amount of said outstand- , ing indebtedness, under and by virtue of Par. 204S, of Chapter 1, Title 31 of the Revised Statutes of the United
 States; which official report of said l outstanding indebtedness, and official l demand in writing for the refunding of l a certain portion of said outstanding indebtedness is in the words and fig ures following:
 l Tucson, Arizona, July IS, 1905. "To the Honorable Loan Commission of the Territory of Arizona, Phoenix Arizona.
 "Gentlemen: We desire to submit to you the following report of the out standing indebtedness of Pima county. r Arizona, towit:
 | Territorial refunding bonds . date July 15, 1892. bearing < interest at the rate of five
 per cent per annum, due :. 7-15, 1922 ................s .s21O O,24O.o5
 Pima county bonds issued June 30, 1887, bearing in- terest at the rate of seven per cent per annum and
 due June 30, 1905 ...... 25,OOO.0)
 Pima county bonds issued . June 30, 1887, bearing in a terest at the rate of seven f per cent per annum and a due June 30. 1906. ........ 25,OO0.Ol e Pima county refunding E bonds, issued June 30, 1901, t and bearing interest at the l rate Of four per cent per y annun and due June 30, r 1s51.. .. ............. 22,OOO.OO d Pima county refunding n bonds, issued June 30, 1902, d and bearing interest at the 8 rate If four per cent per a annua anI due June 30, ,. 1852 .......... ........ 25,OOOoo e School district No. 1 of Pima = county serial school bonds, s issued January 1st, Iac4, 5, and due ten to twenty
 years after date ......... 10000. 7. Total county bonded indebt-
 edness exclusive of school
 bonds viz: C$15,OOO) .... SO7,24OO5 d Santa Cruz cOunty's five per s cent adjustment bonds held T by Pima county. .... H,Ss8.s7 d Santa Cruz county's seven d per cent adjustment bonds !, held by Pima county s,518.ss d Total Santa Cruz county O bonds held by Pima county 53,4O7.0a V Total Pima county bonds, $3O7 ,24O-O5 = minus Santa Cruz county bonds held y by Pima county, viz: $53,407 equals
 $253, ,833.05, total of Pima county's bonded indebtedness. :. In addition to the above named and
 enumerated bonds and indebtedness
 the Territorial Loan Commission d January 15, 1903, funded $15O, ,OO0.0C # of Pima county narrow gauge rail d way subsidy bonds, with interest O thereon, amounting to $169,791-23 e making a total of $319,791.23. l. "The value of the taxable property l. in the county of Pima as shown by the
 last assessment roll of said Pima coun-
 ty for territorial and county taxes il
 S4,O14, ,6S3.4O.
 ." "We also desire to make. and by er these presents do make an official de 1t mand on your honorable body to re l. fund of said outstanding indebtedness! l. said $25,OOO bond issue, which became d due June 30 1905, you to fund said in d debtedness in the same manner a le other territorial indebtedness, and saiC l. county of Pima hereby agrees to pa! le into the territorial treasury in sddi o- ton to all other taxes authorized b! in law, such amount as may be directed r. by the Territorial Board of Equaliza rs tion or on it's failure to act, sucl
 amount as may be directed by the Ter
 ritorial Auditor, to be levied for tn