to have custody the most advantageous terms they can for the county, but not at a greater rate of discount than ten per cent. of the par value of the same, and the money received from the sale of said bonds shall be only used in payment for the building of a court house, furnishing the same with the necessary furniture, and improving the grounds. The county treasurer shall have the custody of the funds Treasurer realized from the sale of said bonds, until the same is of funds. drawn out by the order of the county commissioners, and he shall be entitled to one per cent. for the safe keeping and accounting for the same. It shall be the duty of the He shall give county commissioners to exact of the county treasurer a separate bond. separate bond, in such sum as they may deem proper, on behalf of the county of Carbon, for a faithful accounting for the money deposited with him and realized from the sale of bonds as herein provided for. SEC. 16. All the expenses of preparing plans and specifications, advertising proposals, engraving of bonds and coupons, negotiating sale of bonds, and treasurer's percentage, shall be paid out of the county general fund on the order of the board of county commissioners. SEC. 17. Nothing in this act relating to county No other act to impede provirevenue or in any other act of the legislative assembly sions of this of Wyoming, shall be so construed as to interfere with act. or in any way impede the provisions of this act. to call election, SEC. 18. Before the provisions of this act shall be Commissioners carried into effect or any expenses incurred under this when. act, the board of county commissioners of Carbon county shall, before the next general election, cause to be inserted in the proclamation of election and as a part thereof, a notice that at the next general election, the question of bonding the county for the erection of a court house will be voted on, and that all those in favor of building a court house in the manner provided in this act, shall deposit with the judges of election a written or printed, or partly written and partly printed ballot, on the same paper upon which appears the names of the several candidates for the several offices then to be voted for, the words thereon, "for the court house." And those opposed to the building of a court house in the manner provided in this act, shall deposit with the judges of elections a written or printed, or partly printed and partly written ballot, on the same paper upon which appears the names of the several candidates for the several offices then to be voted for, the words, "against the court house." No action taken, when Commissioners to sell bonds, and how. In force. SEC. 19. When all the votes in the several precincts in the said county of Carbon are returned and canvassed in the manner provided by law, if it shall be found that a majority of the votes cast are "for the court house,' then it shall be the duty of the county commissioners of said Carbon county to carry into effect the provisions of this act, but if a majority of the votes cast are "against the court house," then no proceedings shall be taken and no expense incurred under this act. SEC. 20. It shall be the duty of the board of county commissioners, should the vote be "for the court house, to advertise the sale of the bonds for two weeks in some newspaper published in Carbon county, or of general circulation within said county, and such bond, or any of them, shall be sold to the highest bidder for cash; Provided, They shall not be prevented from advertising in some newspaper published in some recognized money center. SEC. 21. The material for constructing the walls of said court house shall be procured from the stone quarries of Carbon county. SEC. 22. This act shall take effect and be in force from and after its passage. Approved December 13, 1879. Commissioners bonds, when, CHAPTER 12. Bonds, Railroad-Laramie County. AN ACT to Authorize the Board of County Commissioners of Laramie County to and Pacific Railroad Company. Be it enacted by the Council and House of Representatives of the Territory of Wyoming: SECTION 1. That the board of county commissioners, to issue county of the county of Laramie, Wyoming Territory, be and they are hereby authorized and required to issue honds of the said county of Laramie, to the amount of four hundred thousand dollars, par value, to the Wyoming, Montana & Pacific Railroad company, when the said company shall have completed and equipped ready for the running of trains, and trains running thereon, one hundred miles of railroad from the City of Cheyenne, in said county, in a northwesterly direction by the most practicable line to the Territory of Montana, and upon such route as best to facilitate the construction of a branch thereof to the Black Hills, and shall also have erected at said City of Cheyenne, machine shops for the use of said Wyoming, Montana and Pacific railroad company, at a cost of not less than twenty-five thousand dollars. rate of 8 per in New York. SEC. 2. Said bonds shall be of the denomination of Bonds to be of $1,000 par value one thousand dollars each (par value), shall bear interest and to bear inat the rate of eight per cent. per annum, shall be made terest at the payable, principal and interest, at some place in the city cent per annum, and of New York, to be designated in said bonds by said made payable county commissioners; said bonds shall be made payable in thirty years from the date of their issue, or sooner, as hereinafter in this act provided; and before being shall be registered in the office of the county treasurer of Laramie county, and countersigned by the treasurer of said county, shall be signed by the chairman of the board of county commissioners of said county, and attested by the county clerk of said county, under the seal thereof. SEC. 3. Said bonds shall have coupons attached, Coupons. representing the annual interest on each of said bonds, and said coupons shall be detached from the bond before the payment of the said coupon, which coupon shall be forthwith cancelled by cutting out with a stamp the word "paid," across the face thereof. be valid obliga SEC. 4. Said bonds when issued to said company in Bonds to accordance with the provisions of this act, are hereby tion. declared to be, and are hereby constituted valid and binding obligations on said county. to annually SEC. 5. There shall be annually levied by the board Commissioners of county commissioners of said county, on all taxable levy tax. property therein, an assessment sufficient to pay off and discharge the interest due on said bonds and for the purpose of paying the principal of said bonds when the same shall become due and payable, and said tax shall be collected in the same manner as other county taxes, and paid into the county treasury by the collector of taxes. SEC. 6. The said tax shall be payable only in the lawful money of the United States, and shall be used in paying the principal and interest on said bonds and for no other purpose; and if in any year a balance shall remain in the hands of the county treasurer after paySinking fund. ment of the principal and interest due in said year, the same shall be invested as a sinking fund for the redemption of the principal and interest of said bonds. Duties of the May be deemed ten years. after SEC. 7. The principal and interest on said bonds shall be payable on the first day of January in each year, as the said principal and interest may become due; and it shall be the duty of the county treasurer to notify the holder of the bonds to be redeemed, by advertisement in some newspaper published in said county, and also in some newspaper published in the city of New York, for ten consecutive days, or by personal notice, that the bonds, numbering them, will be paid on presentation at a designated place in the city of New York; if said bonds are not presented for payment within thirty days from such personal notice, or the completion of such advertisements, they shall cease to draw interest thereafter. re- SEC. 8. Said bonds shall be redeemable after the expiration of ten years, in amounts to be designated by the board of county commissioners in each year, which amount shall not be less than twenty thousand dollars annually, the bonds so to be redeemed in each year, to be selected by lot from all the bonds outstanding at the time of such selection; the drawing of the bonds for redemption to be under such rules and regulations, and at such time and place, as may be prescribed by the board of county commissioners of said Laramie county. No bonds unless sanctioned people. SEC. 9. None of the bonds provided for in this act, by vote of the shall be issued to the said Wyoming, Montana & Pacific railroad company, unless the issue thereof shall be duly sanctioned by a vote of the electors of said Laramie county, in the manner provided for in this act, nor unless the said Wyoming, Montana & Pacific railroad company shall first obtain from the Colorado Central railroad company, a full, complete and absolute surrender and release from the said Colorado Central railroad company, to the said county of Laramie, and to the board of county commissioners of the said county of Laramie, of any and all claim or right which the said Colorado Central railroad company makes, or may make, to the bonds authorized to be issued under the act entitled, "An act to authorize and empower the board of county commissioners of Laramie county to issue the bonds of said When the county to the Colorado Central railroad company, and for other purposes," approved December 14, 1877, and shall file such surrender and release with the board of the county commissioners of said Laramie county, nor shall the bonds, authorized by this act, be issued to said Wyoming, Montana & Pacific railroad company, until said last named company has completed and equipped its railroad in the direction contemplated by bonds may be this act, and trains are running thereon for a distance issued. of one hundred miles, and the machine shops provided for in section one of this act have been erected at the said Cheyenne City; but in case all the conditions precedent to the issuance of the bonds provided for in this act have been performed and complied with, then and in that event it shall be the duty of the board of county commissioners of said Laramie county, to issue such bonds to the said Wyoming, Montana & Pacific railroad company, within ninety days thereafter. SEC. 10. That before the aforesaid bonds shall be Manner of calling the elecissued to said railroad company herein mentioned, a tion." majority of the electors of said county, voting, shall sanction said issue at an election to be called for that purpose by the said board of county commissioners of said county; such election shall be called by publication of, or notice of the holding of said election in some newspaper printed in said county, twenty days prior to the day of election, notifying the electors of the object of the election, and tickets shall be provided, upon which shall be printed the words, "For railroad bonds" and an equal. number upon which shall be printed the words, "Against railroad bonds." It shall be the duty of the board of county commissioners to issue the call for said election not later than the first day of February, A. D. 1880. holding the The votes shall be taken at the time mentioned in the making notice of election, and the places of holding said election turns. shall be the several precincts of the county, now established, or those which may hereafter be established according to law, and the votes shall be returned to the county clerk of said county of Laramie, within fifteen days after such election by one of the judges or clerks in each precinct; and when the returns are all in, or at the expiration of fifteen days aforesaid, the board of county commissioners of said county shall canvass the vote and declare the result on the minutes of their meetings and proceedings, as in other cases; and in case said board Manner of election and re |