1) Find and accept a bounty mission.

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2) Go to close to where your bounty target is.

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3) Set up and camp and save just outside the area.

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4) Kill or capture the bounty target.

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5) Report back to the sheriff.

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6) You will be awarded +100 honor and a small donation of money.

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7) Quickly commit suicide or die to re-spawn.

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8) When you re-spawn the bounty will still be alive and you will keep the honor and money you earned.

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9) Simply repeat steps 4-7 until you have the honor level you want.