one hundred thousand dollars per quarter, shall constitute the fourth class; and those doing business in any amount less than fifty thousand dollars per quarter, shall constitute the fifth class. The licenses shall be obtained from the Tax Collector, and shall be given for the first class upon the payment of one hundred dollars per quarter; for the second class, eighty dollars per quarter; for the third class, fifty dollars per quarter; for the fourth class, the sum of forty dollars per quarter; for the fifth class, thirty dollars per quarter; said amounts to be paid to the Tax Collector of each county in which the party applying therefor desires to or does transact any or all of the occupations specified in the preceding section of this Act. Section Sixty-Nine. Bankers, or any person or persons, associations or corporations, as are or may be engaged in buying or selling foreign or domestic bills of exchange or drafts, shall be divided into five classes: Those doing business to the amount of five hundred thousand dollars or over, per month, shall constitute the first class; those doing business to the amount of three hundred thousand dollars per month, and less than five hundred thousand dollars per month, shall constitute the second class; those doing business to the amount of two hundredthousand dollars, and less than three hundred thousand dollars per month, shall constitute the third class; those doing business to the amount of one hundred thousand and less than two hundred thousand dollars per month, shall constitute the fourth class; those doing business in any amount less than one hundred thousand dollars per month, shall constitute the fifth class. The licenses for the first class shall be given upon the payment to the Tax Collector of the county in which such business is carried on, the sum of one hundred dollars per month; for the second class, the sum of seventy dollars per month; for the third class, the sum of fifty dollars per month; for the fourth class, the sum of forty dollars per month; for the fifth class, the sum of thirty dollars per month. SEC. 6. Section ninety-two is hereby amended so as to read as follows: Section Ninety-Two. All county warrants or orders drawn upon the General Fund of the county, are hereby made transferable, but shall not be received for any county tax or dues whatever: Provided, That any person holding a county warrant or order, issued to him or her, in his or her own name, shall have the right to pay the same to the Collector for any county license issued to him or her personally, or to the firm of which he or she is a member. SEC. 7. Sections sixty-seven to ninety-three inclusive, are hereby changed to sections seventy to ninety-six inclusive. SEC. 8. All laws, or parts of laws, in conflict with this Act are hereby repealed." SEC. 9. This Act shall take effect and be in force from and after its approval by the Governor. APPROVED, January 11th, A. D. 1866. CHAPTER XXII. TO FUND THE DEBT OF IDAHO. Duties of Territorial Treasurer; sec. 1. Provisions for payment of indebtedness; sec. 2, 7. Duties of Controller; sec. 4. Appropriation for printing bonds; sec. 5. Controller, duties of, etc.; sec. 6. Surplus, disposition of, and manner; sec. 8. Proposals sealed, disposal of; sec. 9. Acceptance of bids, description to be taken; sec. 10. AN ACT To Provide for Funding the Indebtedness of the Territory of Idaho. Be it enacted by the Legislative Assembly of the Territory of Idaho, as follows: SECTION 1. On and after the date of the passage of this Act it shall not be lawful for the Territorial Treasurer, or Territorial Receiver, to pay any warrant drawn on the Treasury of said Territory, prior to the passage of this Act, excepting in the manner hereinafter provided. SEC. 2. That for the purpose of providing for the pay. ment of the indebtedness of the Territory of Idaho, or so much of it as is comprised within this Act, the Treasurer or Re ceiver of the Territory shall cause to be prepared suitable bonds, not to exceed the sum of the indebtedness of said Territory, up to the first day of December, 1865, bearing interest at the rate of twelve per cent. per annum, from the date of their issue, payable at the Territorial Treasurer's or Territorial Receiver's office, on the first day of December, in the year of our Lord, one thousand eight hundred and seventy-five, (1875), said interest to be paid semi-annually on the first day of De cember, and the first day of July, of each year, excepting the interest on the first year's bonds, which shall be payable on the first day of December, A. D. 1866. Said bonds shall be signed by the Secretary of the Territory, and countersigned by the Territorial Controller, or Auditor, and endorsed by the Territorial Treasurer, or Receiver, and shall have the seal of the Territory of Idaho attached thereto. SEC. 3. Coupons for the interest shall be attached to each bond, so that the coupon may be removed without injury to or mutilation of the bond. Said coupons, consecutively numbered, shall be signed by the Territorial Treasurer or Receiver. SEC. 4. It shall be the duty of the Territorial Treasurer or Receiver, and the Territorial Controller or Auditor, each to keep a separate record of all such bonds as may be issued hereunder, showing the number, date and amount of each bond, and to whom the same was issued. SEC. 5. The sum of five hundred dollars, or so much as may be necessary for that purpose, is hereby appropriated out of any moneys in the Territorial Treasury, not otherwise appropriated, to pay the expense that may be incurred by the Treasurer or Receiver in having said bonds prepared. SEC. 6. From and after the first day of December, 1865, all persons holding any evidences of indebtedness of said Territory in the form of warrants drawn by the Territorial Audi-, tor upon the Treasurer thereof, yet unpaid, shall, upon presentation and surrender of the same to the Territorial Treasurer or Receiver, receive in exchange therefor a bond or bonds, such as are provided for in this Act, equal in amount to the amount of the bond or bonds, warrant or warrants, so surrendered by him or her, including interest thereon as provided for in this Act. The Territorial Treasurer or Receiver shall endorse on the back of each warrant so redeemed the date on which he redeemed the same, from whom received, and the number of the bond or bonds issued in exchange therefor. This endorsement shall be countersigned by the Territorial Controller or Auditor, and each warrant shall be filed in the office of Secretary of the Territory. The Treasurer or Receiver, and the Auditor or Controller shall each keep a record of the same, giving the number of the warrant so delivered up, date of the same, and of the amount, and the number of the bond issued thereon, and the Territorial Treasurer or Receiver shall not liquidate or pay any of the aforesaid Territorial bonds or warrants but in the manner herein provided. SEC. 7. For the payment of the principal and interest of the bonds issued under this Act, there shall be set aside the entire amount of the revenue derived from the collection of foreign miners' tax or license, as paid into the Territorial Treasury; also, twenty per cent. of all moneys paid into the Treasury of the Territory, and the same shall be set apart and applied to the payment of the interest accruing on the bonds herein provided for, and the final redemption of the principal of said bonds; and the faith of the Territory of Idaho is hereby pledged for the payment of the bonds issued by virtue of this Act, and the interest thereon, in gold or silver coin of the United States, and, if necessary, to provide other and ample means for the payment thereof. SEC. 8. Whenever on the first day of December or July in any year there shall remain of the fund provided in section six of this Act, a surplus, over and above what shall be needed to pay the interest due on that day, of one thousand dollars, or more, it shall be the duty of the Territorial Treas urer or Receiver to advertise, for the period of thirty days, in one weekly newspaper, of general circulation, published in the Territory, for sealed proposals, directed to the Treasurer or Receiver of the Territory, for the surrender of bonds issued under this Act, in such quantity as the holder may desire, not exceeding the amount which said surplus shall be sufficient to redeem. SEC. 9. When the time of advertising shall have elapsed, the said Treasurer or Receiver shall open all sealed proposals, and accept the lowest bids for the surrender of said bonds: Provided, That no bid for more than par value shall be accepted, nor unless accompanied by the bond proposed to be surrendered, and the lowest bids shall be deemed to be those that offer the largest amount in bonds at par value for the smallest amount of money. The Treasurer or Receiver shall return all unaccepted bids with the bonds therein contained to the owners on demand. SEC. 10. When any bids are accepted the Treasurer or Receiver shall take a description of the bonds to be redeemed, specifying the amount to be paid for each of the same, the date, number and amount thereof, and make a record thereof in his office, and thereupon pay the same out of the redemption fund aforesaid. All bonds so redeemed shall be canceled by the Treasurer or Receiver, by writing across the face of the same, the words, "purchased and redeemed." SEC. 11. This Act to take effect and be in force from and after its approval by the Governor. APPROVED, January 12th, A. D. 1866. CHAPTER XXIII. AN ACT To amend an Act entitled "An Act relative to Bills of Exchange and Promissory Notes." Be it enacted by the Legislative Assembly of the Territory of Idaho, as follows: SECTION 1. That section twelve of the Act entitled "An Act relative to Bills of Exchange and Promissory Notes," approved January 16th, 1864, be amended so that said section twelve shall read as follows: The rate of damage to be allowed and paid upon the usual protest for non-payment or non-exceptance of bills of exchange, drawn or negotiated within this Territory, shall be as follows: First, if such bills shall have been drawn upon any person or persons, corporations, company or companies, in any of the States or Territories west of the Rocky Mountains, including Utah and Montana, twenty per cent. or twenty dollars on the hundred, upon the principal sum specified in such bill; Second, if such bill shall have been drawn upon person or persons, corporation or corporations, company or companies, in any part or place, in any of the United States, east of the Rocky Mountains, usually known as the Atlantic States, twenty-five per cent, or twenty-five dollars upon the hundred, upon the principal sum specified in the bill; Third, if upon any person or persons, corporation or corporations, company or companies, in any place or part of the British Possessions in North America, west of the Rocky Mountains, including Vancouver's Island, twenty-five per cent, or twenty-five dollars upon the hundred, upon the principal sum specified in the bill; Fourth, if such bill shall have been drawn upon any person or persons, corporation or corporations, company or companies, in any part or place of Europe, or in any foreign country except the aforesaid British Possessions, thirty per cent. or thirty dollars upon the hundred, upon the principal sum specified in such bill. SEC. 2. All Acts or sections of Acts in conflict with this, are hereby repealed. SEC. 3. This Act shall take effect and be in force from and after its approval by the Governor. APPROVED, January 11th, A. D. 1866. |