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Code · STATUTES-AT-LARGE · Vol. 32 STAT. · June 5, 1902 · Chapter 1030

Chapter 1030. Authorizing the board of supervisors of Santa Cruz County, Arizona, to issue bonds for the erection of a court-house and jail for said county

325 words·~1 min read·/statutes-at-large/vol-32/chapter-1030-1550664·

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CHAP. 1030.— An Act Authorizing the board of supervisors of Santa Cruz County, Arizona, to issue bonds for the erection of a court-house and jail for said county. June 5, 1902.[[Public, No. 143](/us/pl/32/143).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Santa Cruz County, Ariz.Bands for court-house and jail authorized. That the board of supervisors of the county of Santa Cruz, Territory of Arizona, is hereby authorized to issue bonds on said county in the sum of thirty-five thousand dollars for the construction of a court-house and jail for said county and vaults for the preservation of its records.
Sec. 2. Denomination and interest.That said bonds may be in such denominations as the said board may prescribe and shall bear not more than five per centum interest per annum, and shall not be sold for less than their par value. Time of payment.Said bonds shall be made payable in thirty years, with an option on the part of the county to pay any or all of them after ten years from the date of their issue. Sec. 3. Sinking fund.That for the purpose of paying the interest on said bonds as it becomes due and provide for a sinking fund to pay said bonds the 305said board of supervisors shall levy and cause to be collected, as other county taxes are levied and collected, a sufficient tax on the assessableTaxes. property in said county as will meet the interest as it falls due and provide a reasonable sinking fund to pay said bonds when due.
Sec. 4. That said bonds shall be printed with interest coupons attachedCoupons. thereto; each coupon shall represent one year’s interest on the bond, and when the interest represented in a coupon is paid the coupon shall be detached from the bond and placed by the treasurer with his other vouchers before the board of supervisors. Approved, June 5, 1902.
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