Chapter 1077. For the relief of Navajo County, Arizona
270 words·~1 min read·
/statutes-at-large/vol-32/chapter-1077-1655708·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 1077.— An Act For the relief of Navajo County, Arizona. June 13, 1902.[[Public, No. 152](/us/pl/57/152).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Navajo County, Ariz.Board of supervisors authorized to refund debt of. That the county of Navajo, Territory of Arizona, be, and is hereby, authorized and empowered, through its board of supervisors, to refund the outstanding county indebtedness of said county, which said indebtedness is evidenced by bonds of said county numbered thirty and seventy-three, inclusive, payable to Apache County, Arizona Territory.
Said bonds are in the sum of one thousand dollars each, interest payable annually on the second day of January, at the rate of six and one-half per centum, together with ten thousand dollars of the principal each year. Sec. 2. Issuance of new bonds. That the said board of supervisors is hereby authorized to refund said bonded indebtedness, in the sum of forty-three thousand dollars, by issuing in lieu thereof bonds in the sum of one thousand Denomination and interest. dollars each, said bonds to bear a rate of interest not to exceed five per Payments. centum per annum, interest and five thousand dollars of the principal payable annually from and after the second day of January, nineteen hundred and eleven.
Sec. 3. Signatures to and delivery of refunding bonds. That said refunding bonds shall be signed and delivered by the chairman of the board of supervisors and the treasurer of said Navajo County, and shall be made payable to the person, persons, or company purchasing the aforesaid refunding bonds. Approved, June 13, 1902.