Page:United States Statutes at Large Volume 33 Part 1.djvu/646

558 FIFTY-EIGHTH CONGRESS. Sess. ll. Ch. 1811. 1904. equi ments for the said agricultural experimental station, particularly the date orchard and the station farm connected therewith, the sum of eight thousand three hundred dollars. rumen? institutes. "Second. To provide for farmers’ institutes and short courses of °l°` instruction throughout the Territory, the sum of two thousand seven hundred dollars. N¤¤ic·=<>f1>¤¤<1 we- “Sec. 9. Before the sale of any of said bonds the board of regents shall cause notice of such sale to be published in four daily newspapers ublished in English, one in the city of New York, State of New Tork; one at the city of San Francisco, State of California; one at the Territorial capital, and one at the city of Tucson, in said Territory. cemrenvsofnorice- Such notices shall specify the amount of bonds to be sold, the rate of interest they shall bear, the place, day, and hour of such sale, and sealed proposals shall be received by said board of regents within one , aesu-muon. month from the expiration of such publications, and t at none of said bonds shall be sold for less sum than their par value, and that at the mus. place, on the day and hour namedin said notice, the board of regents shall open all sealed proposals received by it and shall award the ur- 1-M-am. chase of said bonds to the highest bidder or bidders therefor: 50- mnsmum pace. vided, That such bid shall not be for a less sum than the par value of Rejection of mas. said bonds: And ovidedyurt/ner, That said board of regents may reject any and all if they deem it to the advantage of the Ter- New sae. ritory: And ovided further, That if none of said bids are accepted said board ofmregents shall again advertise said bonds for sale, and proceed as hereinbefore provided under fresh notice of sale. saamonsimxmbe “Sec. 10. For the pa ment of the interest on the bonds issued under l§{",§d€,”{{‘"°“u’t°p°y this act, after such bonds shall have been issued, there shall be, and is . hereby, levied annually, in addition to all taxes otherwise directed to be levied and collected, a tax of seventeen-hundredths of a cent on each _ one hundred dollars of the assessed value of all real and personal property in the Territory of Arizona, to be placed by the Territorial treasurer '1‘¤¤¤ ¢¤ my x>ri¤· in a fund to be known as the ‘university interest fund;’ and commencdw` in ten years thereafter, there shall be in a like manner levied and cohected such an additional amount as shall pay one thousand dollars of the principal of the said bonds and any amount of interest accruing thereon and remaining unpaid by said interest fund, to the end, intent, and urpose that all of the principal and interest of all of said bonds Time limit shallpbe fully paid during the period of twenty years from the date of ’1‘¤ mw- their issuance. The Territorial auditor shall certify the rate of tax computed by him to the several boards of supervisors throughout the Territory necessary to raise the required amount for the redemption of the bonds as above stated, and the boards of supervisors are hereby required and directed to enter such rate on the assessment rolls of their respective counties in the manner and with the same eifect as is pro- I·i¢¤¤- vided by law in relation to other Territorial and county taxes. Every tax levied under the provisions or authority of this act is hereb made a lien against the property assessed, which lien shall attach on the first Monday in February in each year, and shall not be removed or satisfied m13i5FoS8i 0* ¤¤ until such tax shall have been paid. All moneys derived from taxes ' authorized by this section shall be paid into the Territorial treasury and shall be applied- P¤r¤¤¤¤¤fi¤¢¤r¤¤¢· “First. To the payment of the interest on the bonds issued by the provisions of this act. p_{¤rr¤<=¤¢ of r¤i¤¤i· “Second. To the payment of thelprincipal of such bonds: Provided, ijmvgm. _ H That all moneys remaining in the erritorial treasury after the pav- U“"'°““" ‘““d· ment ot the interest and principal in each year thereafter, as herein provided, after the issuance of any bonds under this act, shall be trans- · ferred by the Territorial treasurer to a fund which shall be known as the ‘university fund,’ and the Territorial treasurer is hereby authorized and directed to open a separate account with, and to keep moneys