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Grantees named

advantageous, from a point at or near the railroad tracks of the Las Vegas and Tonopah and Tonopah and Tidewater railroad companies, in said Nye County, at the Stonewall mountain or thereabouts, to and through the towns of Hornsilver and Lida to western boundary line of Esmeralda County, Nevada, with branch lines to mining districts contiguous to said towns within said counties, is hereby granted to A. D. Goodenough, H.. Clapp, Andrew J. Trumbo, and T. M. Jones, their associates, successors, and assigns for the term of fifty years; provided, that the construction of said railroad. shall be commenced within eighteen months from the passage of this act and continued with diligence until said railroad shall be prepared to engage in business as a common carrier between at least two points.

SEC. 2. That the motive power of said railroad may be either steam, gas, electricity, or gasoline.

SEC. 3. That the said A. D. Goodenough, H. C. Clapp, Andrew J. Trumbo, and T. M. Jones, their associates, successors, and assigns, shall have and are hereby given all the rights, privileges, and franchises conferred upon railroad companies incorporated in the State of Nevada under and pursuant to the provisions of "An act to provide for the Railroad act incorporation of railroad companies, and the management of the affairs thereof, and other matters relating thereto, approved March 22, 1865, and the acts amendatory thereof or supplemental thereto, as far as the same are consistent with the provisions of this act.

to apply

authorized to

borrow

notes

CHAP. 87—An act empowering the city of Carson to borrow money upon its notes to be executed by the president of its board of trustees, and by the clerk of said board thereunto duly authorized by resolution of its board of trustees, and other matters appertaining thereto.

[Approved March 20, 1911]

The People of the State of Nevada, represented in Senate and
Assembly, do enact as follows:

SECTION 1. The city of Carson, Ormsby County, Nevada, Carson City is hereby authorized to borrow not more than seven thousand five hundred dollars, payable on or before six years from date, money on in sums of not less than five hundred dollars, and to pay interest thereon on unpaid balances only at the rate of five per cent per annum, and as security for the repayment of the same, the said board of trustees of said Carson City, shall first authorize the president of said board, and the clerk of said board of trustees, by resolution entered in its minutes, authorizing and empowering said president and clerk of said board of trustees, to sign, execute and deliver the note or notes of the said city of Carson, in sums of not less than five hundred dollars, and in total amount not exceeding seven thou

sand five hundred dollars, in accordance with the best judgment of said board of trustees of said Carson City, for the purpose of paying the debts of said Carson City, and accruing indebtedness.

negotiate

notes

SEC. 2. The board of trustees of said Carson City are hereby Trustees to authorized and directed to negotiate the sale of said notes for not less than their par value, the proceeds of which shall be placed in the city treasury to the credit of a fund to be known as the "Note Fund, which fund is hereby created for the purposes mentioned in this act.

tion of notes

SEC. 3. The notes shall be of the denominations of not less Denominathan five hundred dollars each, and aggregate in amount not more than seven thousand five hundred dollars, and shall be redeemable as hereinafter provided. The interest upon said notes shall be payable on or before the tenth day of June of each year.

created

SEC. 4. For the purpose of creating a fund for the payment Note fund of the notes hereby authorized, the board of trustees of Carson City, Nevada, are hereby authorized and directed, and they shall levy and collect annually until all of the notes and interest, issued under the provisions of this act is fully paid or provided for, a tax upon all the real and personal property, not exempt from taxation, within the corporate limits of Carson City, Nevada, sufficient to pay all of said notes and the interest thereon as the same shall become due, and such tax shall be kept by the city treasurer for such purposes, and placed in said "Note Fund, as a sinking fund, to be used for the payment of said notes, when the same becomes due, and shall not be diverted to any other purpose whatever.

urer to pay

SEC. 5. The city treasurer of said Carson City is hereby City treasauthorized and directed to pay all interest on said notes as interest the same shall fall due in accordance with the provisions of this act, and shall redeem the same as the same shall fall due.

SEC. 6. In case there is any surplus of the proceeds of the Surplus to above-mentioned tax after the payment of the interest and the revert redemption of said notes as provided, the same shall be paid into the general fund of the city of Carson.

CHAP. 88-An act to authorize and empower the board of county commissioners of Nye County to issue bonds for the purpose of creating a fund for liquidating and paying all outstanding indebtedness of said county, and for paying current expenses of Nye County, State of Nevada.

[Approved March 20, 1911]

The People of the State of Nevada, represented in Senate and
Assembly, do enact as follows:

SECTION 1. The board of county commissioners of Nye Bonds for County, State of Nevada, whenever they deem the same to be Nye County

Bonds for

Nye County

Form of bond

Treasurer liable for care of bonds

Special tax for bonds

necessary and expedient, are hereby authorized and empowered to issue negotiable bonds of the said county for an amount not exceeding the sum of fifty thousand ($50,000) dollars and in denominations of one thousand ($1,000) dollars each, having not less than ten years and not more than thirty years to run, and bearing interest at the rate of not exceeding six per cent per annum, payable semiannually on the first Mondays in July and January of each year for the purpose of providing funds for paying any outstanding indebtedness of said county, and for paying the current expenses of Nye County, State of Nevada, which said bonds shall be consecutively numbered and shall be substantially in the following form:

No.

The county of Nye, in the State of Nevada, for value received, promises to pay to or bearer,

19.

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(thirty years

at the office of the treasurer of said county, in
on or before the first day of
after date, or at any time before that date and after ten years
from the date hereof) at the pleasure of the county, the sum
of
dollars, in United States gold coin, with interest
at the rate of per cent per annum, payable at the office of
said treasurer semiannually on the first Mondays of July and
January of each year, on presentation and surrender of the
interest coupons hereto attached. This bond is issued by the
county commissioners in conformity to a resolution of said
board, dated the ..... day of
19......., and under

authority conferred upon said board by the provisions of an
act of the legislature of Nevada, entitled "An act to authorize
and empower the board of county commissioners of Nye County
to issue bonds for the purpose of creating a fund for liquidating
and paying all outstanding indebtedness of said county and for
paying current expenses of Nye County, State of Nevada"
(Insert date of approval of this act.)

SEC. 2. Whenever bonds issued under this act shall be duly executed, numbered consecutively and sealed, they shall be delivered to the county treasurer and his receipts taken therefor, and he shall stand charged on his official bond with all bonds delivered to him and with the proceeds thereof. The county treasurer under the direction of the board of county commissioners may exchange any of said bonds for the satisfaction of any indebtedness existing and outstanding on the date of the issuance of any bond, and said treasurer shall, when directed by the board of county commissioners, sell any portion of said bonds for money at not less than the par value thereof, the proceeds of such sale or sales to be applied exclusively to the payment, satisfaction and discharge of any indebtedness of Nye County and for paying current expenses of said county.

SEC. 3. The board of county commissioners shall cause to be assessed and levied each year upon the taxable property of and interest the county, in addition to the levy authorized for other purposes, a special tax to pay the interest on outstanding bonds issued in conformity to the provisions of this act accruing before

the next annual levy and sufficient to pay at least one-twentieth of the bonds then unpaid, in addition to all taxes for other purposes and the moneys arising from such assessments and levies shall be known as the "Expense Bond Fund, and shall be used only for the payment of bonds and interest.

of bonds

SEC. 4. Whenever after ten years after the date of said bonds Redemption the amount in the hands of the county treasurer belonging to the bond fund after setting aside the sum required to pay the interest maturing before the next levy is sufficient to redeem five or more of said bonds, the county treasurer shall notify the county auditor and the presiding officer of the board of county commissioners of such fact, and thereupon the said three officers shall draw by lot from the full list of all the then outstanding bonds issued hereunder, the numbers and amounts of sufficient of said outstanding bonds to absorb the money in the bond fund available for and applicable to payment upon the principal of said bonds, but not exceeding in number onetwentieth of the total number of bonds issued under this act, and thereupon the county treasurer shall give notice, by publication in a newspaper of general circulation in the said county of Nye, addressed to the holders of bonds of Nye County, Nevada, and stating the number of bonds so drawn, and all interest thereon to the date of the next interest payment, stating said date, will be paid in full by the county treasurer at his office in Nye County upon presentation of said bonds and all unpaid coupons pertaining thereto, which notice shall be so printed and published in said newspaper for eight successive publications, the last of which shall not be less than sixty days prior to the date fixed for the payment of such bonds. On and after the date fixed in said notice the interest on said several bonds bearing the numbers so drawn and specified in said advertisement shall cease and the amount of money to pay, satisfy and discharge the same, with interest to said date, shall be set aside from all moneys in the hands of the county treasurer to be held for the payment of said bonds and interest when the same shall be presented.

If said bonds are not so presented, the interest thereon shall Interest nevertheless cease. Upon presentation of said bonds and all ceases, when unpaid coupons pertaining thereto the county treasurer shall mark the same paid and canceled and thereupon make a complete record in his office of the transactions and shall also furnish the county auditor and county commissioners with a full and detailed report of the transactions, including a list of the bonds and coupons by him paid and canceled. All redemptions and payments of bonds so drawn for payment shall be made in the order of the said several advertising calls, and out of the funds so set apart by said county treasurer for such person.

day of

SEC. 5. Bonds to be issued thereunder may be dated on Date of the 19....., and settlements and bonds exchanges of all existing valid evidences of indebtedness may

Repeal

Relief of
Ralston and
Mullan

troller and

treasurer

be made and computed as of said date or upon any semiannual interest date thereafter occurring.

SEC. 6. All acts and parts of acts in conflict herewith are hereby repealed.

CHAP. 89-An act making an appropriation to pay Jackson H. Ralston and the estate of John Mullan, deceased, for services rendered and expenses incurred in the prosecution of a suit on behalf of the State of Nevada against the United States government in the United States court of claims for payment of the Nevada civil war claims.

[Approved March 20, 1911]

The People of the State of Nevada, represented in Senate and
Assembly, do enact as follows:

SECTION 1. There is hereby appropriated out of any moneys in the general fund in the state treasury not otherwise appropriated the sum of two thousand five hundred and thirty-six dollars and ninety-six cents ($2,536.96) to pay Jackson H. Ralston and the personal representative of the estate of John Mullan, deceased, in equal shares, for services rendered and expenses incurred in the prosecution of a suit on behalf of the State of Nevada against the United States government in the United States court of claims for payment of the Nevada civil war claims, said claim amounting to the sum of twelve thousand two hundred and eighty-four dollars and four cents, which has been recovered and paid into the treasury of the State of Nevada as the result of said services and expenses incurred aforesaid.

SEC. 2.

The state controller is hereby directed to draw his Duties of con- Warrants in favor of said Jackson H. Ralston for one-half of the sum appropriated herein in section 1, and for one-half of said amount appropriated in favor of the legal or personal representative of said estate of John Mullan, deceased, and the state treasurer is hereby directed to pay the same.

SEC. 3. The appropriation made in this act in payment of Full payment such services and expenses incurred shall, and the same hereby of all claims does, constitute full and complete payment for all claims for services and expenses incurred by said Jackson H. Ralston and the said John Mullan to date.

Ad valorem state tax of 60 cents

CHAP. 90-An act to fix the state tax levy, and to distribute the same in the proper funds.

[Approved March 18, 1911]

The People of the State of Nevada, represented in Senate and
Assembly, do enact as follows:

SECTION 1.

For the fiscal year commencing January first, nineteen hundred and eleven, and annually thereafter, an ad

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