Chapter 339. Amending and extending the provisions of an Act of Congress entitled “An Act approving with amendments the funding Act of Arizona,” approved June twenty-fifth, eighteen hundred and ninety, and the Act amendatory thereof and supplemental thereto approved August third, eighteen hundred and ninety-four
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CHAP. 339.— An Act Amending and extending the provisions of an Act of Congress entitled “An Act approving with amendments the funding Act of Arizona,” approved June twenty-fifth, eighteen hundred and ninety, and the Act amendatory thereof and supplemental thereto approved August third, eighteen hundred and ninety-four. June 6, 1896. *Be it enacted by the Senate and House of Representatives of the United Arizona.Refunding of all outstanding obligations authorized.Vol. 26. p. 179;
Vol. 28. p. 224.States of America in Congress assembled*, That the provisions of the Acts of Congress approved June twenty-fifth, eighteen hundred and ninety, and August third, eighteen hundred and ninety four, authorizing the funding of certain indebtedness of the Territory of Arizona, are hereby amended and extended so as to authorize the funding of all outstanding obligations of said Territory, and the counties, municipalities, and school districts thereof, as provided in the Act of Congress approved June twenty-fifth, eighteen hundred and ninety, until January first, eighteen hundred and ninety-seven, and all outstanding bonds, warrants, and other evidences of indebtedness of the Territory of Arizona, and the counties, municipalities, and school districts thereof, heretofore authorized by legislative, enactments of said Territory bearing a higher rate of interest than is authorized by the aforesaid funding Act approved June twenty-fifth, eighteen hundred and ninety, and which said bonds, warrants, and other evidences of indebtedness have been sold or exchanged in good faith in compliance with the terms of the acts of the legislature by which they were authorized, shall be funded, with the interest thereon which has accrued and may accrue until funded into the lower interest-bearing bonds as provided by this Act.
Sec. 2. Confirmation of funded bonds, etc.That all bonds and other evidences of indebtedness heretofore funded by the loan commission of Arizona under the provisions of the Act of Congress approved June twenty fifth, eighteen hundred and ninety, and the Act amendatory thereof and supplemental thereto approved August third, eighteen hundred and ninety-four, are hereby declared to be valid and legal for the purposes for which they were Refunding permitted until Jan. 1, 1897.issued and funded; and all bonds and other evidences of indebtedness heretofore issued under the authority of the legislature of said Territory, as hereinbefore authorized to be funded, are hereby confirmed, approved, and validated, and may be funded as in this Act provided *Proviso*.Non liability of United States.until January first, eighteen hundred and ninety-seven: *Provided*, That nothing in this Act shall be so construed as to make the Government of the United States liable or responsible for the payment of any of said bonds, warrants, or other evidences of indebtedness by this Act approved, confirmed, and made valid, and authorized to be funded.
Approved, June 6, 1896.