White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-02-02
PROVIDING WHITE PINE COUNTY.
WITH HIGH SCHOOL BUILDING IN ELY.
FULL TEXT OF IMPORTANT JOINT MEASURE IN
LEGISLATURE LOCAL DELEGATION AND TOWARDS
WHICH NO OPPOSITION EXPECTED TO DEVELOP

1ne FOLLOWING Is the draft OF
Senate Bill No. Is. introduced by
White Pine delegation, entitled An
Act to Provide for County High
School in the City of Ely, Nevada:
The People of the State of Ne
yada. Represented In Senate and
Assembly, Do Enact as Follows
section /. The board of county
commissioners of White Pine county
is hereby authorized, empowered and
directed to prepare and issue bonds
of said county for an amount not to
exceed the sum of fifty thousand
dallars, exclusive of interest, for the
purpose of providing funds for the
purpose of site for a county high
school building in the City of Ely,
and for constructing a high school
building on said site for equiping
and furnishing the said building.
Sec. 2. The bonds authorized
under the provisions of section l Of
this act shall be issued in the sum
of five hundred dollars each. They
shall be numbered from / to 100
conseeutively. They shall be signed
by the chairman of the board of
county commissioners, eountersigned
by the county treasurer, and au-
thentieated with the seal of the
county. Coupons for interest shall
be attached to each bond so that the
same may be removed without injury
TO the bonds, and each of said eou-
pons shall be eonsecutiYely number
ed and signed by the chairman of
the board of county commissioners
and the county treasurer.
Sec. 3. The clerk of the board
of county commissioners shall keep
a record of all proceedings under the
provisions of this act. showing the
number and date of each bond
and To whom issued.
See 4. The board OF county
commissioners of White Pine county
is hereby authorized to negotiate the
sale of said bonds by advertising
for sealed proposals. or private sale,
or sales, as they may deem for the
best interests of the county. and
may reject any and all bids: proyd-
ed, that no bonds shall be sold for
less than their par value, and that
the bonds and the interest thereon
shall be made payable in gold coin
of the United States; and proyid-
ed further, that the said board shall
sell the bonds 10 the highest and best
bidder or bidders In the event that
they elect not TO sell the same at
private sale or sales.
Sec. 3. The interest on said
bonds shall not exceed 6 per cent
per annum, and shall be payable
semiannually on the first Monday in
January and july each year after
the year 1912, at the Office of the
county treasurer of said White Pine
county. and in no case shall any of
said bonds run for a longer period
than fifteen years, and provided that
the interest on said bonds shall
cease upon the maturity thereof, as
hereinafter provided.
See. 8. On the first Monday of
January of the year 1918. and an
nually thereafter. ten of such bonds,
together with the interest thereon,
shall be paid and redeemed by the
county. The payment and redemp-
tion of said bonds shall be in the
order of their issuance, the lowest
bond to be the first paid and re-
deemed. and so on until the whole
amount of bonds issued under the
provisions of this act shall have
been paid and redeemed. The in
terest coupons shall be paid semi
annually.
Sec. 7. All moneys derived
from the sale of said bonds shall
be paid to the county treasurer OF
said county, and the said treasurer
Is hereby required to receive and
safely keep the same in fund here
by created and known as the white
Pine County High School Building
Fund" and to pay out said moneys
in the manner now provided by law
for the payment of the County
High School Fund" and for the
purposes provided for In this act.
Sec. 8. The county board OF
education of White Pine county is
hereby authorized and directed to
use such money derived from the
sale of said bonds, or such portion