Highway bonds for Washoe County: aggregate $150,000 $50,000 which copy shall be accompanied by his statement showing the term for which the said member has been elected or appointed. [Assembly Bill No. 285-Washoe County Delegation] CHAP. 209-An Act to authorize, empower, and direct the board of county commissioners of Washoe County, State of Nevada, to issue bonds for the purpose of creating a fund to be used for the improvement and construction of a highway within said county; to levy a tax for the payment of interest thereon and redemption thereof, and other matters relative thereto. [Approved March 22, 1921] The People of the State of Nevada, represented in Senate and SECTION 1. For the purpose of aiding the department of highways of the State of Nevada in constructing a highway across the county of Washoe, now designated as "Route 1" of the system of state highways as defined by "An act to provide a general highway law for the State of Nevada, chapter 169, Statutes 1917," the board of county commissioners of Washoe County is hereby authorized, empowered, and directed to issue bonds in the name of said Washoe County in the aggregate sum of one hundred fifty thousand ($150,000) dollars. The said bonds shall be known as the "Washoe County Highway Bonds, Issue 1921," and they shall be issued and sold at such times as may be necessary to take advantage of equal amounts tendered to the department of highways of the State of Nevada or to Washoe County from such sources as hereinafter provided. It is provided, however, that the first issuance and sale First issue. shall be for not less than fifty thousand ($50,000) dollars and that any bonds which are issued and not sold within twenty-four months after the passage of this act shall be canceled. All money derived from the sale of said bonds is to be expended within the bounds of the said county and for the purposes herein set forth. Equal amount from It is provided that the said county commissioners shall not issue said bonds or any part thereof, except upon the fulfilment of the following express condition: That an amount of money equal to the total amount of the herein bond issue shall be raised and made available to the Californians department of highways of the State of Nevada by individuals or organizations in California or any state or states other than Nevada, said money to be available for expenditure upon any portion of route 1 of the system of state highways as defined by "An act to provide a general highway law for the State of Nevada, chapter 169, Statutes 1917," or as said route 1 may be hereafter designated between the Utah and California lines. missioners to issue bonds SEC. 2. The said board of county commissioners shall cause County comsaid bonds to be prepared, and they shall be signed by its members and its clerk and the county treasurer, and authenticated with the official seal of the said county. Coupons representing the several installments of interest to fall due thereon shall be attached to each bond, so they may be removed without injury to the bonds, numbered consecutively and signed by the county treasurer. County High SEC. 3. The said board of county commissioners is author- "The Washoe ized to negotiate the sale of said bonds to the highest respon- way Fund" sible bidder at not less than their par value, after advertising for sealed bids for the same in one or more papers published in Washoe County for a period of not less than two weeks preceding the date of the opening of said bids; the proceeds of such sale shall be placed in what shall be known as "The Washoe County Highway Fund," which shall be used only for the purpose of carrying out the provisions of this act. Payments from said fund shall be made only on warrants drawn by the county treasurer of said county in payment of the obligations contracted under the provisions of this act. tion and SEC. 4. The said bonds shall be of the denomination of Denominafive hundred ($500) dollars each; they shall be numbered interest consecutively and they shall bear interest at the rate of six (6) per cent per annum; said interest payable on the second Monday of January of the second succeeding year in which said bonds or any of them shall have been issued, and every twelve months thereafter; and on the second Monday of January, 1924, and every twelve months thereafter, fifteen or more of said bonds shall be redeemed and satisfied until all of said bonds so issued shall have been redeemed and satisfied. Said bonds shall be redeemed and satisfied as aforesaid, in the order of their issuance, the lowest-numbered bond to be first paid and redeemed, and so on until the whole amount of said bonds shall have been redeemed and satisfied. County High and Redemp SEC. 5. For the purpose of creating a fund for the "Washoe redemption of the said bonds and the payment of the way 1921 interest thereon, the said board of county commissioners Bond Issue of Washoe County shall in the year 1922, and annually tion Fund" thereafter at the time of levying taxes for state and county purposes and in the same manner, levy and collect a special and additonal tax upon all property within Washoe County sufficient in its judgment to provide for the payment of the interest annually due on said bonds, and the redemption and satisfaction of the bonds, as hereinbefore provided. The said taxes shall be assessed and collected the same as other taxes, paid to the county treasurer, and by him placed in the "Washoe County Highway 1921 Bond Issue and Redemption Fund." At the maturity of said with department of highways bonds and the coupons thereon, they shall be paid by the county treasurer out of the said "Washoe County Highway 1921 Bond Issue and Redemption Fund," and shall thereupon be canceled and marked paid by the county treasurer; no interest shall be allowed or paid on any of said bonds after they have become due and payable, and shall have been called for redemption. SEC. 6. The board of county commissioners is hereby Cooperation authorized to enter into any necessary agreements with the department of highways of the State of Nevada by which the said department of highways will be enabled to carry out the improvements contemplated herein, and said board of county commissioners is further authorized and empowered to make payments to the said department of highways out of the fund created by the provisions of this act on account of the construction in whole or in part of the improvements contemplated herein. County to acquire SEC. 7. All necessary rights of way shall be acquired by the board of county commissioners of Washoe County in rights of way the name of the State of Nevada, and all expense in connection therewith shall be paid out of the fund created by this act. Faith of Nevada pledged Highway bonds for Pershing County: aggregate, $75,000 SEC. 8. The faith of the State of Nevada is hereby pledged that this act shall not be repealed until all of the obligations which may be incurred thereunder shall have been satisfactorily consummated. [Assembly Bill No. 286-Pershing County Delegation] CHAP. 210-An Act to authorize, empower, and direct the board of county commissioners of Pershing County, State of Nevada, to issue bonds for the purpose of creating a fund to be used for the improvement and construction of a highway within said county; to levy a tax for the payment of interest thereon and redemption thereof, and other matters relative thereto. [Approved March 22, 1921] The People of the State of Nevada, represented in Senate and SECTION 1. For the purpose of aiding the department of highways of the State of Nevada in constructing a highway across the county of Pershing, now designated as "Route 1" of the system of state highways as defined by "An act to provide a general highway law for the State of Nevada, chapter 169, Statutes 1917," the board of county commissioners of Pershing County is hereby authorized, empowered, and directed to issue bonds in the name of said Pershing County in the aggregate sum of seventy-five thousand ($75,000) dollars. The said bonds shall be known as the "Pershing County Highway Bonds, Issue 1921," and they shall be issued and sold at such times as may be necessary to take advantage of equal amounts tendered to the department of highways of the State of Nevada or to Pershing County from such sources as hereinafter provided. $25,000 It is provided, however, that the first issuance and sale First issue, shall be for not less than twenty-five thousand ($25,000) dollars and that any bonds which are issued and not sold within twenty-four months after the passage of this act shall be canceled. All money derived from the sale of said bonds is to be expended within the bounds of the said county and for the purposes herein set forth. It is provided that the said county commissioners shall not issue said bonds or any part thereof, except upon the fulfilment of the following express condition : amount from That when an amount of money equal to the total amount Equal of the herein bond issue shall have been raised and made Californians available to the department of highways of the State of Nevada by individuals or organizations in California or any state or states other than Nevada, said money to be available for expenditure upon that portion of route 1 of the system of state highways defined by "An act to provide a general highway law for the State of Nevada, chapter 169, Statutes 1917," as amended, or as said route 1 may be hereafter designated between the Utah and California lines, as lies within the boundaries of said Pershing County, the board of county commisioners shall thereupon cause a special election to be Popular held at which said election the question of the issuance of the bonds herein provided shall be submitted to the electors issue of said Pershing County, and if the issuance of said bonds is approved at the special election the county commissioners are hereby authorized, empowered and directed to issue the same. election to decide bond missioners to SEC. 2. The said board of county commissioners shall cause County comsaid bonds to be prepared, and they shall be signed by its issue bonds members and its clerk and the county treasurer, and authenticated with the official seal of the said county. Coupons representing the several installments of interest to fall due thereon shall be attached to each bond, so they may be removed without injury to the bonds, numbered consecutively and signed by the county treasurer. ing County SEC. 3. The said board of county commissioners is author- "The Pershized to negotiate the sale of said bonds to the highest respon- Highway sible bidder at not less than their par value, after advertising Fund" for sealed bids for the same in one or more papers published in Pershing County for a period of not less than two weeks preceding the date of the opening of said bids; the proceeds of such sale shall be placed in what shall be known as "The Pershing County Highway Fund," which shall be used only for the purpose of carrying out the provisions of this act. Payments from said fund shall be made only on warrants drawn by the county treasurer of said county in payment of the obligations contracted under the provisions of this act. Denomination and interest "Pershing County Highway 1921 Bond Issue and SEC. 4. The said bonds shall be of the denomination of two hundred fifty ($250) dollars each; they shall be numbered consecutively and they shall bear interest at the rate of six (6) per cent per annum; said interest payable on the second Monday of January of the second succeeding year in which said bonds or any of them shall have been issued, and every twelve months thereafter; and on the second Monday of January, 1924, and every twelve months thereafter, fifteen or more of said bonds shall be redeemed and satisfied until all of said bonds so issued shall have been redeemed and satisfied. Said bonds shall be redeemed and satisfied as aforesaid, in the order of their issuance, the lowest-numbered bond to be first paid and redeemed, and so on until the whole amount of said bonds shall have been redeemed and satisfied. SEC. 5. For the purpose of creating a fund for the redemption of the said bonds and the payment of the interest thereon, the said board of county commissioners of Pershing County shall in the year 1922, and annually Redemption thereafter at the time of levying taxes for state and county purposes and in the same manner, levy and collect a special and additional tax upon all property within Pershing County sufficient in its judgment to provide for the payment of the interest annually due on said bonds, and the redemption and satisfaction of the bonds, as hereinbefore provided. The said taxes shall be assessed and collected the same as other taxes, paid to the county treasurer, and by him placed in the "Pershing County Highway 1921 Bond Issue and Redemption Fund." At the maturity of said bonds and the coupons thereon, they shall be paid by the county treasurer out of the said "Pershing County Highway 1921 Bond Issue and Redemption Fund," and shall thereupon be canceled and marked paid by the county treasurer; no interest shall be allowed or paid on any of said bonds after they have become due and payable, and shall have been called for redemption. Fund" ment of highways SEC. 6. The board of county commissioners is hereby Cooperation authorized to enter into the necessary agreements with the with depart department of highways of the State of Nevada by which the said department of highways will be enabled to carry out the improvements contemplated herein, and said board of county commissioners is further authorized and empowered to make payments to the said department of highways out of the fund created by the provisions of this act on account of the construction in whole or in part of the improvements contemplated herein. County to acquire SEC. 7. All necessary rights of way shall be acquired by the board of county commissioners of Pershing County in rights of way the name of the State of Nevada, and all expense in connection therewith shall be paid out of the fund created by this act. H |