Surplus. how used "Town of Interest and Fund" who shall pay out the same for the acquisition, installation, management and control of any system acquired under the provisions of this act, in all respects as required for such payments by the board of county commissioners acting as a town board. All moneys acquired for service, or the sale of service from said systems, and other revenues, shall be paid by the officer collecting the same to the county treasurer, who shall assign the same to the "Town of Lund Public Utilities Fund," created as aforesaid, for use as such fund may be required to be used, and, at the first meeting of the board. of county commissioners in January of each year, any surplus remaining shall be assigned by the treasurer on order of said board to the town of Lund public utilities bond interest redemption fund. SEC. 7. To provide for the payment of said bonds and the interest thereon the board of county commissioners shall levy and collect annually a special tax on the assessed value of all property, both real and personal, subject to taxation, Redemption including proceeds of mines, within the boundaries of said town of Lund, until such bonds and interest thereon shall have been fully paid, sufficient to pay the interest on said bonds and to pay and retire, beginning with the bond number one, and consecutively thereafter, one of said bonds annually, beginning with the first Monday in July, 1924, until all of said bonds have been redeemed and retired. Such tax shall be levied and collected in the same manner and at the same time as other taxes are assessed and collected, and the proceeds thereof shall be kept by the county treasurer in a special fund to be known as the "Town of Lund Public Utilities Bond Interest and Redemption Fund." Said bonds and interest shall be paid from the fund. Said bonds and interest thereon shall be a lien on all property subject to taxation within said town of Lund. when SEC. 8. Whenever the bonds and interest provided for Tax ceases, in this act shall have been fully paid, the tax authorized by this act shall cease, and all moneys remaining in said bond interest and redemption fund shall, by order of the board of county commissioners of the said county, be transferred to the "Town of Lund Public Utilities Fund." If at any time there are sufficient funds in the said bond interest and redemption fund to care for the obligations of the current year in full or in part, the board of county commissioners shall fix the tax rate correspondingly lower. County treasurer to bonds SEC. 9. Whenever the county treasurer shall redeem any of the bonds issued under the provisions of this act, he cancel paid shall cancel the same by writing across the face thereof, "Paid," together with the date of such payment, sign his name thereto and turn the same over to the county auditor, taking his receipt therefor, which receipt shall be filed with the clerk of the board of county commissioners, and the auditor shall credit the treasurer on his books for the. cease, when pledged The faith of the State of Nevada is hereby pledged that Faith of state this act shall not be repealed, nor the taxation thereby imposed be omitted, until the bonds and coupons issued hereunder and by virtue hereof shall have been paid in full, as in this act specified. laws to govern all SEC. 10. The provisions of the existing law respecting Existing the manner of acquisition of utilities, advertising notice of intention to issue bonds, bond elections, the duty of com- transactions missioners to act on a proper petition, the collection and enforcement of collection of rates for service, and all other provisions not expressly superseded by this act shall apply to the acquisition, management and financing of the systems mentioned in this act. The commissioners shall act as soon as they conveniently may, and the bonds shall be prepared not later than June 1, 1924. The systems herein provided Bonds for shall be deemed public uses authorized by the legislature later than such as are assisted by the principle of eminent domain. prepared not June 1, 1924 [Assembly Bill No. 92-White Pine County Delegation] CHAP. 102-An Act authorizing the acquisition of certain public utilities for the town of Preston, the issuance and sale of bonds therefor, the levy and collection of taxes for the payment thereof, and other matters relating thereto. [Approved March 8, 1923] The People of the State of Nevada, represented in Senate and Preston Utilities SECTION 1. The board of county commissioners of the Town of county of White Pine is authorized and directed to pre- Public pare, issue, and sell negotiable coupon bonds of the town of Preston in said county for an amount not exceeding $5,000, exclusive of interest, for the purpose of providing funds for the acquisition of certain public utilities for the town of Preston, to wit, an electric-light system, a power system, a water system, a sewerage system, or any or all of them. Said bonds shall be named "Town of Preston Public Utilities Bonds." denomina SEC. 2. Said bonds shall be prepared in denominations Bonds in of $250 and shall be numbered consecutively. They shall tion of $250 be made payable in gold coin of the United States and they shall have interest coupons attached in such manner that they can be removed upon the payment of the installments of the interest without injury to the bonds. Each coupon Public service engineer to give advice shall be consecutively numbered and shall bear the number of the bond to which it is attached. Said bonds and coupons shall be signed by the chairman of the board of county commissioners, acting as a town board, and countersigned by the clerk of the said board. Lithographed facsimile signatures may be used on the coupons. Said bonds shall bear interest in like gold coin at a rate not exceeding 6 per centum per annum, payable annually, on the first Monday in July. They shall be redeemed and retired consecutively in the order of their issuance annually thereafter, according to the time specified therein from the date of their issue, respectively, and in no case shall any bond run for a longer period than twenty years. SEC. 3. The board of county commissioners of the county of White Pine shall be entitled to have the advice of the commission expert engineer of the public service commission of Nevada, or his successor, who shall make a detailed estimate of the reasonable cost of each of said proposed systems. After receiving such advice and estimate the board shall be guided by the provisions of an act entitled "An act to enable the unincorporated cities and towns of the State of Nevada to acquire by construction, purchase, or otherwise, sewerage systems, light systems, water systems, or combined water and light systems, or combined water, light and sewerage systems, and to issue bonds for the construction or purchase of the same, and to provide for the fixing and collection of rates for the service thereof, and other matters relating thereto," approved March 23, 1911, as it stands amended, except as otherwise provided in this act. SEC. 4. If a majority of all the votes cast are in favor County com- of the issue of the bonds, the board of county commissioners, acting as a town board, shall proceed at once to execute and issue them as rapidly as needed. missioners to issue bonds, when Bonds sold at not less than par value "Town of SEC. 5. The board of county commissioners, acting as aforesaid, is hereby authorized to negotiate the sale of said bonds, or such number thereof as they may deem. necessary, to the highest and best bidder, giving preference to the State of Nevada, or by private sales, as they may deem best, and may reject any and all bids; provided, that no bond shall be sold for less than par value. SEC. 6. The said board of county commissioners, acting as aforesaid, shall pay the proceeds from the sale of said bonds to the county treasurer, who shall keep a detailed record of the same, and assign the same to a fund to be known as the "Town of Preston Public Utilities Fund," and who shall pay out the same for the acquisition, installation, management and control of any system acquired under the provisions of this act, in all respects as required for such payments by the board of county commissioners acting as a town board. All moneys acquired for service, or the sale of service from said systems, and other revenues, shall be paid by the officer collecting the same to the county treasurer, who shall assign the same to the "Town of Preston Public Utilities Fund," created as aforesaid, for use as such fund may be required to be used, and, at the first meeting of the board Surplus. of county commissioners in January of each year, any surplus remaining shall be assigned by the treasurer on order of said board to the town of Preston public utilities bond interest redemption fund. how used Preston Utilities Redemption SEC. 7. To provide for the payment of said bonds and "Town of the interest thereon the board of county commissioners shall Publie levy and collect annually a special tax on the assessed value Bond of all property, both real and personal, subject to taxation, Interest and including proceeds of mines, within the boundaries of said Fund" town of Preston, until such bonds and interest thereon shall have been fully paid, sufficient to pay the interest on said bonds and to pay and retire, beginning with the bond number one, and consecutively thereafter, one of said bonds annually, beginning with the first Monday in July, 1924, until all of said bonds have been redeemed and retired. Such tax shall be levied and collected in the same manner and at the same time as other taxes are assessed and collected, and the proceeds thereof shall be kept by the county treasurer in a special fund to be known as the "Town of Preston Public Utilities Bond Interest and Redemption Fund." Said bonds and interest shall be paid from the fund. Said bonds and interest thereon shall be a lien on all property subject to taxation within said town of Preston. SEC. 8. Whenever the bonds and interest provided for Tax ceases, in this act shall have been fully paid, the tax authorized by this act shall cease, and all moneys remaining in said bond interest and redemption fund shall, by order of the board of county commissioners of the said county, be transferred to the "Town of Preston Public Utilities Fund." If at any time there are sufficient funds in the said bond interest and redemption fund to care for the obligations of the current year in full or in part, the board of county commissioners shall fix the tax rate correspondingly lower. when cancel paid SEC. 9. Whenever the county treasurer shall redeem any County of the bonds issued under the provisions of this act, he treasurer to shall cancel the same by writing across the face thereof, bonds "Paid," together with the date of such payment, sign his name thereto and turn the same over to the county auditor, taking his receipt therefor, which receipt shall be filed with the clerk of the board of county commissioners, and the auditor shall credit the treasurer on his books for the amount so paid. Should the holder of said bonds, or any of them, for any cause whatever, fail to present said bonds to the said county treasurer for payment when they become Interest to due, all interest on such bonds shall thereafter immedi- cease, when ately cease. pledged The faith of the State of Nevada is hereby pledged that Faith of state this act shall not be repealed, nor the taxation thereby imposed be omitted, until the bonds and coupons issued hereunder and by virtue hereof shall have been paid in full, as in this act specified. Existing laws to govern all transactions Bonds prepared not later than June 1. 1924 SEC. 10. The provisions of the existing law respecting the manner of acquisition of utilities, advertising notice of intention to issue bonds, bond elections, the duty of commissioners to act on a proper petition, the collection and enforcement of collection of rates for service, and all other provisions not expressly superseded by this act shall apply to the acquisition, management and financing of the systems mentioned in this act. The commissioners shall act as soon as they conveniently may, and the bonds shall be prepared not later than June 1, 1924. The systems herein provided for shall be deemed public uses authorized by the legislature such as are assisted by the principle of eminent domain. Form of surveyor's certificate Certificate must be sworn to [Assembly Bill No. 100-Washoe County Delegation] CHAP. 103-An Act to amend section 3 of an act entitled [Approved March 8, 1923] The People of the State of Nevada, represented in Senate and SECTION 1. Section 3 of the above-entitled act is hereby Section 3. Such map or plat shall be certified by the name), do hereby certify that this plat is a true and accu- (give date)"; and such map or plat shall be acknowledged by such |