Page:United States Statutes at Large Volume 33 Part 1.djvu/235

FIFTY-EIGHTH CONGRESS. Sess. H. Ch. 817. 1904. 147 " Sec. 3. The Territorial treasurer is hereby authorized and directed B°¤d *¤¤¤· when required by the board of control, to issue bonds as hereinbeford provided, in denominations of five hundred and one thousand dollars each, payable fifty years after date, in any amount not to exceed twenty thousand dollars, during the current year ending July first nineteen. hundred and three, nor to exceed the sum of ten thousand dollars in any one year, ending Jul first, thereafter; and said bonds shall not exceed in the ag gate the sum of more than one hundred thousand dollars, said bondgcto bein the following form, to wit: "No. _ “ Bonds of the Territorial Asylum for the Insane, Territory of Arizona. _ "1lor value received, fifty years after date, the Territory of Arizona promises to pay to the order of the governor of the erritory of Arizona dollars, with interest at the rate of per centum per annum from date until paid, ayable semiannual1y on the -first day of January and the first day of) July of each year; principal and interest payable in gold coin of the United States, at the office of the Territorial treasurer. " Phoenix, Arizona. · "This bond is redeemable twenty-five years after the date of issue. "Dated at Phoenix, Arizona, this day of , 190 . Lt . . “Territorial, Auditor. “ All such bonds shall be signed by the auditor of the Terri- '°¤¤°"¤°· tory in his own proper name, his oihcial character, and shall be rndorslieg byt e . gcivernor gid the A {ais propeglnamei ailixing , " · _ ive eau 'tor o the Territory to the Territorial treasurer, who shall de charged with the full amount of the bonds so delivered. "At the time of issuing said bonds under the provisions of this act, the Territorial treasurer shall si n them with his own proper name, affixing his official character and tie seal of his office; said signing and sealing shall bind the Territory. The Territorial treasurer shall in the same manner sign the interest coupons thereto attached as herein rovided, and the said coupons for the interest accruing on the said bonds shall be attached to said bonds in such manner that they may be detached without mutilating the bond and shall be severally numbered from one to one hundred, inclusive, each interest coupon to bear the number of the bond to which it is attached. "‘The treasurer shall keep a register of all bonds issued by him, and shall delfiver the same to the board of control of the Territory of Arizona on emand. "S1·;o. 5. Said board of control of the Territory of Arizona shall lagajlltgvlgwld ¤¤¤ dispose of said bonds at as high rate as possible and convert the said ' bonds into cash: Provided`, That in no case shall the said bonds of the Territorial Asylum for the Insane be sold or disposed of by them for less than ar. "The 'Ilbrritorial treasurer shall pay the interest on said bonds when due, taking the coupons as his vouchers therefor, and shall retain in his hands sufficient money from the interest fund for the payment of the interest on said bonds of the Territorial Asylum for the Insane, and shall in addition retain in his hands, out of the general fund of the Territory, an amount sufficient for the legitnnate and actual expenses of preparing and rssuing of bonds as herembefore provided. ‘ Sec. 6. l`he boards of supervisors of all of the counties of the Ter- mggsw *¤ *0 1*1 ritory of Arizona, or such other officers as_ are required by law to levy assessments, are hereby directed and required to levy an annual tax, in addition to the amount levied_ for otherépurgoses, sufficient to meet the interest on the bonds as herein provid . he amount of each tax