Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1836-12-06


Speaker ol toe House.
L. =. BRIGGS, Pte,lt pa, tan oil the Seua'e.
Approved, :. II. !EN!SON.
Noyeubcl Il, 1895.
AN ACT To provide tOt the receipt and tis2nsiiiua
Of tie Pediic Money or the United States @hcL
may be deposHod ia lAis State.
SIC. /. II is hcrd,g cnactrd BIZ the General As
GENTLY Of he .St,e # Feraoat. That the Treasurer
Of tais STATE be. aud hereby au,hurzed Ia receive
from The Secretary Of The Treasury of Tie Unucd
5iu,es a ih1 money which 10 directed To b. de-
posted with H. state "f Vermont BY ,rlue Of the
provisions ut an act cBtItleG AN act To reuuatu
The depos'tes Of the public money passed by the
Congress OF tie UaItcd Stu;es at the session there
OF nov last Pas,, and approved by he President
on the 23J day of Jane, AGnu Dum!ni, one thou
sand eight hUHdreJ aud tEiGy-slx aud the sald
Treasurer OF THIS Stale Is hereby directed and
powered to execute and dGlteT to the said Srcreia
ry Of the Treasury ofthc United States, certificates
oi deposiies Tor said money, pIedging The faith of
his STATE, for the safe keeping and re. 20 yment
thereof, 10 conformity with the provisions OF said
act.
SEC. 2. Il is hereby .fi1ihcr cnae,e4, That each
incOrpors cd town IA thS STATE may on or before
The Isl day of January next after the passage OF
this act, al a town meeting duly warned and hold
en- for that purpose, aud III each and every March
meeting Of or the year one thousand eight hundred
aud 'b'nysesen eject, by ballot. three trustees OF
such toN u, for the puIpo-c of receiving and muua
eng such portion Of the public money a. may be
dep1s'led IL such to"r agreeably to The provisions
ol 'his act, which trustees shall execute Their bonI
" ' VIZ S. 'hiss" Sc MAsr a"n, ~ s,.a
"''eo' ana accept conditioned Tor The faithful per
/ Df l,tiv IN, "a, /.
ana accounting lo' such sum or sums of money, as
may be placed III iheir charge 40 reeoby to the
provision "' 'h's act aud each town shall appoint
SUI" ""H'etS' ava receive ~ then such depusIjr
money snail be accountable for the return of snrh
money "f a"y part thereof, to the State Treasury,
M"e"e''f ,"''ed i'r ~ the State Treasurer upna
Tue reputation ~ Che UmeJ y n'es. or i,r the par
pose "' "'" app"f i"n"eai, IN TIE same manner
as towns are n"" accountable tor the State taxes
9'C' q. ~ IS tsrr6Y Jar'her enacted That the
i"t"SNfef "f ms state shal On the receip, Of any
p''" Il "' '"ca m'hey, deliver 10 The trustees OF
"o Respective towns such sum a. such towns shall
'0SPetu'e'! U" o""'e" /" receive on Ceposite a.
s''t"'! 80 ''P census taken IN the year one ihou.
S"''1 C'-"' "'"1Ied ana lhiHi, aud such trustees
100 '''F'.'''''! execute u me Treasurer OF the
@'a'e ee'hh'h't "i s"ch depoel's, 10 ruch form a.
The said States treasurer IS required H. execute f.,
the Secretary of the Treasury ufthe United States
asreca'Iv TO the prov. lions Of lhe ac, mentioned
IA Inc hrs' sec ot' act.
SEC. j. Is hercby .Griirr eaa,iei. Tha, the
trustees at The 'esp'ctHe toADs shall loan on, The
money, So deposited to ,uch persons aud In such
sums as they shall iudge expetlenr, for term not
exceeding "ne year. al one tine. and on such secu.
my either with ono or more surelies, or on mort
gage, as they shall deem amply safe IA, an interest
OF o per cent. payable annually anI make oil Sc
cur',ies taken for the same payable 10 The town
Iooning the money, and such money NAV after The
expiration of the e,nll for which il shall be loaned
be collected by the Trustees in their town, aud re-
loaned, whenever they DEEM 1t expedien
SIC. 8. Z is hsre5y Gr:ier ea.c,e4 Tina, the
in'er"s' sr-ing from he money drposited in auy
town shall annually be appropriated by such ,oan
10 the use OF Common sebuul. in stcb t,y, .,,,.o