Vote may be taken at any ial meeting. but such as have Not to exceed three per cent. of valuation. the question of contracting a bonded debt, for the purpose regular or spec- of erecting and furnishing school buildings, or purchasing ground, will be submitted to such qualified electors of the None are voters district as shall have paid a school tax therein in the year paid school tax. next preceding the said meeting. The electors aforesaid shall first agree, by a majority vote on the amount of indebtedness to be created, if any, (but in no case shall such indebtedness exceed three per cent. of the assessed value of the property in said district at the assessment next preceding the creation of such indebtedness, and in no case shall the aggregate amount of bonded indebtedness of any school district exceed three per cent. of the assessed value of the Vote by ballot. property of such district,) shall then proceed to vote by ballot "for the bonds" or "against the bonds," and the ballot box for this purpose shall be kept open as provided in section forty-four (44) of this act; and if it appear that a majority of all the votes cast are "for the bonds," the board of directors, as soon as practicable, shall issue coupon bonds of the district bearing interest not exceeding twelve per cent. per annum, payable semi-annually, and redeemable at the pleasure of the district after five years, and payable fifteen years from date; the principal and interest payable at the office of the treasurer of the county in which the said district may be situated, or the interest may be made payable in the city of New York, at the option of the holders thereof, and the cancelled coupons shall be at the disposal of the district board. Interest not to exceed twelve per cent. Redeemable at pleasure of. district. Payable at county treasurer's office, or in New York. Registered in er's office. 2536. SEC. 90. Whenever any school district shall county record issue bonds under the provisions of this act, all such bonds shall, previous to being negotiable, be presented to the recorder of the county, to be duly registered by him in a book kept for that purpose in his office, noting the school district, amount, time of payment and rate of interest, and all such bonds shall state on their face that they are issued under the provisions of this act. County commis bond taxes. 2537. SEC. 91. Whenever any school district shall sioners levy all issue bonds under the provisions of this act, it shall be the duty of the board of commissioners of the county in which said district may be situated, to levy and assess a special tax on all the taxable property of such district, in amount district. sufficient to pay the interest coupons thereon, when the same shall become due according to their tenor and effect, and the county treasurer shall collect the same as other taxes are collected, in cash only, keeping the same separate from other funds received by him; and if there shall be any surplus after paying [the coupons and] the expenses of collecting such special tax, the treasurer shall without Surplus to go to delay pass the same to the credit of such school district, and such fund so passed to the credit of the district, shall be subject to the disposal of the board of directors. And after the expiration of five years next after the issue of such bonds, and annually thereafter until the full payment of said bonds, the said county commissioners shall provide by taxation, and shall collect at least ten per centum and not more than twenty per centum of the principal of such bonds, which amount shall be assessed and collected the same as the tax for the payment of the interest coupons, and when collected shall be turned over to the treasurer of such school district, such money to be used only in the payment of such bonds, in manner as follows: The treasurer of such school district, immediately after receiving the money as pal; manner of aforesaid, shall advertise in some newspaper published in his county, if there be any, for four successive weeks, that on a certain day named in the advertisement, he will pay certain of the district bonds, said bonds to be described in the advertisement by number and amount, and the advertisement shall further state that after the day so fixed for payment, the interest on the bonds described as aforesaid, shall cease and determine. The said payment shall be made at the office, and in the presence of the treasurer of At county treasthe county, who shall cancel the bonds redeemed, and at minute of such cancellation shall be made on the books of the county recorder, after which they shall be at the disposal of the district board. The provisions of this section for levying and collecting taxes, and for the payment of interest coupons, shall be applicable to all school districts Bonds issued that have issued bonds under the provisions of laws of the law. territory of Colorado. Taxes for princi payment. 2538. SEC. 92. In all districts that have issued bonds under the provisions of the laws of the territory of Colorado, urer's office. under territorial Manner of redeeming bonds issued under territorial law. the treasurer of the district, immediately after receiving the annual installment of the fund for the redemption of said bonds, as provided in section ninety-one (91), shall go into the market, and at the lowest price for which he can obtain such bonds, shall use such fund in the retiring of such bonds to the extent of such fund; provided, that the said treasurer shall not pay more than five per cent. premium on Invest balance any bonds of his district, and any balance of said funds remaining in the hands of said treasurer shall be invested as nearly as possible in United States bonds or state bonds of Colorado. Shall not pay over five per cent. premium. in U. S. bonds. in some bank. 2539. SEC. 93. All United States or state bonds which may come into the hands of any district treasurer, under the provisions of this act, shall be duly recorded in the Bonds deposited books of the district, and deposited in the safety vault of some bank within the state, selected by the district board. The interest coupons of said bonds shall be duly collected by the district treasurer, and the proceeds turned over to the county treasurer, to be used in the payment of the interest coupons of the bonds of such district, and the annual tax for the payment of the interest on said district bonds shall be proportionately lessened. Said United States or state bonds shall be sold by the district board at the best market rates, and the proceeds thereof used to redeem the bonds of the district when the same become due, or when they can be bought at not to exceed five per cent. premium. Interest appropriated. Bonds sold. No change in boundary lines releases any property from bond tax. 2540. SEC. 94. No change in the boundary lines of such school district shall release the taxable real estate of the district from assessment and levy of taxes to pay the interest and principal of such bonds, and if there shall be any change of the lines of such school district, so as to leave any portion of the taxable real estate of the district out of the district, which was subject to taxation in the district at the time of the issue of such bonds, the assessProperty added ment and levy for principal and interest of such bonds shall be made on such property as if it were still within the district, and if there shall be any change of the lines of such school district, so as to annex any taxable real estate, after the issue of such bonds, the real estate so annexed to the district liable for tax. shall thereafter be subject to the assessment and levy for principal and interest of such bonds. Compensation 2541. SEC. 95. The treasurer of the county shall receive the same compensation for the collection of such special of county taxes as he does for other school taxes. treasurer. 2542. SEC. 96. All such bonds so issued shall be signed Bonds sealed by the president of the board of directors, and shall have and counterthe seal of the district attached, and shall be countersigned by the county treasurer. signed. clause. 2543. SEC. 97. An act entitled an act concerning school Repealing bonds, approved January 29, 1872, and all acts amendatory thereto, also an act entitled, "An act to amend, revise and consolidate the acts relating to public schools," approved February 11, 1876, and all other general laws inconsistent with this act are hereby repealed. Emergency 2544. SEC. 98. Inasmuch as an apportionment of the common school fund will be made to the various school clause. districts within the state on the first of April, A. D. 1877, and such apportionment made under the present law will will work a hardship to many districts, therefore this general assembly is of the opinion that an emergency exists requiring this act to be in force and take effect immediately. Approved, March 20, 1877. CHAPTER XCIII. SHEEP. AN ACT TO PROVIDE FOR THE APPOINTMENT OF SHEEP INSPECTORS. [Session Laws, 1872.] Appointment office. 2545. SECTION I. The county commissioners shall appoint a sheep inspector, who shall be a citizen of the and term of county for which he is appointed, for each county containing two thousand sheep, who shall hold his office for two years, unless sooner removed; and any inspector may act in an adjoining county having no inspector, on request of the commissioners thereof. inspector. Duties of sheep 2546. SEC. 2. It shall be the duty of the sheep inspector, upon information by affidavit filed before a justice of the peace, that any flock of sheep within his jurisdiction has the scab or any other malignant contagious disease, upon two days notice in writing to the owner or agent or person in custody of said flock, if owner or agent be absent from the county, to inspect said flock and report in writing the result of his inspection; and if so diseased, once every two weeks thereafter to re-inspect said flock and report in writing the result and treatment, if any, and the result until said disease is reported cured. Provided, that in case of the removal of the flock six miles from the range of any other sheep, as hereinafter provided, he shall only make one inspection every three months. Report to inspector of arri inspection in report. 2547. SEC. 3. And upon the arrival of any flock of val of flock of sheep into the state the owner or agent shall immediately sheep into state; report them to the inspector of the county for inspection, case of failure to and the inspector shall inspect and report as provided in section two; and in case of failure, from any cause of owner or agent to report for inspection, the inspector having knowledge of the arrival shall make an inspection of said flock, and proceed as provided in section two. Duties of owner eased flock. 2548. SEC. 4. The owner or his agent of any flock or agent of dis- reported by the inspector to be so diseased shall immediately herd them, so that they cannot range upon or within one mile of any grounds accustomed to be ranged upon by any other sheep, and shall restrain them from passing over or traveling upon or within one mile of any public highway or road, and in case this cannot be done he shall immediately remove said sheep to a locality where they shall not be permitted to range within less than six miles of any other flock of sheep, and said sheep shall continue to be herded under the above restrictions until, upon inspection, they shall be reported free from such disease. Penalty for violation of this act. 2549. SEC. 5. The owner or his agent or employés of any flock of sheep, requiring or about to be inspected, shall afford the inspector all reasonable facilities for making his inspection; and for every violation of any of the provisions of this act said owner or his agent or his employés shall be fined not less than ten dollars, nor more than three |