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Code · STATUTES-AT-LARGE · Vol. 31 STAT. · March 3, 1901 · Chapter 843

Chapter 843. Authorizing the board of supervisors of Pima County, Arizona Territory, to issue fifty-year four per centum bonds of Pima County, Arizona Territory, to redeem certain bonded indebtedness of said county

337 words·~2 min read·/statutes-at-large/vol-31/chapter-843-4554911·

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CHAP. 843.— An Act Authorizing the board of supervisors of Pima County, Arizona Territory, to issue fifty-year four per centum bonds of Pima County, Arizona Territory, to redeem certain bonded indebtedness of said county. March 3, 1901. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the board of supervisors Pima County, Ariz., may issue bonds to redeem certain existing bunds.of Pima County, Arizona Territory, be, and they are hereby, authorized to prepare, execute, sell, and deliver, from time to time, bonds of the said Pima County, in accordance with the provisions of title thirty-one, chapter two. county indebtedness, of the revised statutes of Arizona, approved March second, eighteen hundred and eighty-seven, bearing interest not exceeding four per centum per annum, both principal and interest payable only in gold coin of the United States of America of present standard, the proceeds to be used only for the redemption of the one hundred and forty-seven negotiable coupon bonds, each in the sum of one thousand dollars, and dated June thirtieth, eighteen hundred and eighty-seven, issued by the supervisors of Pima 1091County, Arizona Territory, and numbered one hundred and four to two hundred and fifty, both inclusive.
The total amount of the bonds hereby —limit, etc.authorized to be issued shall not exceed one hundred and forty-seven thousand dollars, and no bonds shall be issued under the provisions of this Act except when it is necessary so to do in order to refund the aforesaid indebtedness of Pima County, and then only in amounts sufficient to refund such indebtedness as it falls due as hereinbefore set out. None of said bonds shall be sold or exchanged for less than their par value and any interest that may be due thereon, and this Act shall be printed on the back of all bonds issued under the provisions of this Act.
Sec. 2. That this Act take effect and be in force from and after its Effect.passage. Approved, March 3, 1901.
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