By 1901 all but $2671700 of the issue of 1871 had been retired and this amount was then refunded with 3% 50 year bonds which were taken by the Educational Fund.
If either party is dissatisfied with the award, he may appeal to an appeals committee on paying 3:o: which is refunded to him by the other party if the appeal be upheld.
The state assumed the Territorial debt of $700,000, and has added to it a bonded indebtedness of $200,000; the bonds, formerly 5%, have been refunded at 31 and 3%.
In addition, shipping costs are usually not refunded so it ends up costing you more than if you order the right size the first time.
The first part of this claim was refunded by a new bond issue, also taken by the Educational Fund, the second was paid from an Indian war claim of $692,946, received from the United States government in 1902, when $132,000 bonds of 1857, held by the United States government, were also extinguished.