Page:Acts of Arizona 1909.djvu/58

36 terest Fund, after all interest has been paid, shall be transferred by the Treasurer of said County to the General Fund.

Section 6.&emsp;That said Board of Supervisors, shall in the year 1929, and each year thereafter until and including the year 1939, levy and collect a tax as provided for in Section 5, a tax sufficient to pay the annual interest and $3,000, upon the principal of said bonds; said tax when collected, shall constitute a fund and shall be called the Building Redemption Fund. All money in said fund shall be used for the redemption of said bonds according to the number of their issue, and when the sum of $5.000 is in said Redemption Fund, the County Treasurer shall use the same for the redemption of that amount of bonds of said issue, beginning with the first number of the issue, and of which the County Treasurer shall give notice for four weeks in some newspaper in the county, and after four weeks from the date of said notice these bonds proposed to be redeemed, shall cease to draw interest, and if any such bonds shall not be presented for redemption within three months from the date of such notice, the County Treasurer shall apply the money for the redemption of the bonds next in order of ten, the number of their issue, as hereinbefore directed.

Section 7.&emsp;When any interest shall be paid upon any of said bonds issued under the provisions of this Act, the coupons due and paid shall be delivered to the County Treasurer who shall write the word “cancelled” across the face thereof, and the said coupons so paid and cancelled shall be the Treasurer’s voucher for the payment of the same, and whenever any bonds shall have been paid and redeemed, said Treasurer shall, in like manner, mark them “cancelled” on the face thereof over his signature as Treasurer and immediately