Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1909-03-13
HIGH SCHOOL BOND
BILL PASSES
SENATE

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The following bill was introduced BY
Senator Reymers and has passed the
Senate and is now in the hands of the
Assembly for final action:
AN ACT Authorizing and directing
the Board of County Commissioners of
Lyon Coanfv. State Of Neraia. to issue
bonds Tor tie purpose OF providing
means to establish construct and mail-
tain High School in the city of Yer
ington, County of Lyon State of Nevada.
Sec /. Tile Board of County Com
missioners of Lyon County, State of Ne
tunder theprovisions of this Act to issue
bonds of said county. bearing interest at
the rate not exceeding six 90 per cent
per annum, for sum not exceeding ten
thousand (sl0000) dollars. none of
which bonds shall run for a period long
er than twenty years from the first day
Of July, 1909
Sec. g. Said bonds shall be issued for
sums not less than five hundred $500
dollars each, lawful money Of the United
Staes. and shall be payable to bearer
and the interest thereon shall be payable
annually, and coupons for such install
ments of interest shall be attached to
said bonds
i Sec. ). The principal OF said bonds
shall be PAYABLE to the amount of FIVE
hundre1 (50O) dollars each year COM
menciug with the first day of July, 1910;
provided, that any of said bonds shall
be subject TO redemption at any time at
the option of said Board OF County
Commissioners
4 Sec 4 The bonds and coupons herein
provided for shall be signed by the
+ Chairman of said Board of County Com
/ missioners and countersigned by the
clerk OF said Board, and said clerk shall
attach thereto the county seal.
+ Sec. S. The said Board of County
Commissioners is hereby directed and
authorized at any time or times to ne
gotiate the sale OF and sell said bonds or
suca number thereof as may be neces-
sary to carry out the purposes for which
said bonds are authorized to be issued
and sold. at not less than the face value
thereof
j Sec. s. All moneys received from the
sale of said bonds shall be paid to the
County Treasurer of said county, and
said Treasurer is hereby required to re-
ccive and safely keep the same i'll fund
hereby created to be known as the Lyon
Caumty Special High School Fund, and
pay out said moneys only in the manner
now required by la~ for the payment of
the same and tor the purposes for which
the same are received.
sec. 7. The said Board of County
Commissioners is hereby authorized and
directed Go use said moneys arising from
the sale OF said bonds for the establish
ing. constructing, equipping and furnish
ny of County High School building
in the City OF Yerington, and any bal
ance Of said moneys remaining i'll said
fund, after the completion, equipment
and furnishing of said County High
School baiiding, shall be turned over
aud covered into the proper fund pro-
vided Tor the running and maintaining
OF said high school in accordance with
and pursuant to the provisions OF law
pertaining To the establishment, main
tenance and management OF high schools
IN the various counties of this State.
Sec. 8. As soon as practicable after
the passage and approval of this Act
the State Board OF Education shall pro
ceed 70 select an appropriate site toi
said County High School building at tht
City OF Yerington, County OF Lyon, State
OF Nevada, and the Board of Count,
Commissioners OF said county shal
thereafter with all expedient dispatcl
proceed to the execution OF the provisions
and purposes of this Act.
Sec. 9. The County Treasurer shal
be liable on his official bond for the SAT-
keeping OF tie moneys which shal
come into his hands under the provis
ions of this Act and tor the faithful dis
!, charge Of all his duties relating thereto
4 Sec. 10. For the purpose OF provid
: ing for the payment OF said bonds an
i the interest thereon as they become due
The Board ol County Commissioners
= hereby author. zed and directed on or be
ea sha first Monday in April 1898