Calaveras chronicle., 1851-10-18

AN Act authorizing the treasurer OF
the State to negotiate aslOan upon
the faith and credit of tho State, for
the purpose of defrnying the expen-
see which have bean and may be in
Cured, in suppressing Indian hostili-
ties in this State, in the absence of
adequate provision being mado BY
the General Government. - ez-e
The People Of the Stefe Of Cal;fornia re-
presented IN Senate aRd Assembly DO
enGrt as foItOtcs;
Section 1. BY virtue of the COweP
given to the. legislature by the cOnstI.
tuition of this state, article eighth, g In |,
case of war to repel invasion, or sup,
press insurrecti0u," loan not exceed
ing FIVE hundred thousand dollars il
hereby authorized to he Megdriated UPS
on the faith and credit of the state,
payable in ten years, and at any period
after five years, nt the pleasure of the
state; said loan. to bear rate Of inter-
est not exceeding - per cent. per an,
mum, payable annually or semi-annual-
ly, at such place As the contracting par
ties.niay agree. Provided, however,
that the interest of the first year inay
be paid ia advance out Of the loan thHs
made.
Sec 2. That the treasurer be, and be
is hereby authorized and required to
cause suItable honds to be provided foe
said loan, in sums not less than QUE
thousand dollars. rs- r,naa
1 Sec 8. All such bonds shall he signed
by the treasurer, in his official charac-
ter, made payable to and endorsed by
the governsr in his official chafaeter,n
who shall afix the seal Of the State i
thereto, and countersigned by the
comptroller, which hond executed 80
aforesaid shall he transferable ou deli
very, and bind the State for the faith
ful payment thereof. s.i
Sec 4. After the bouds Gfofesaid-
shall have been countersigned by the
comptroller, il shall be his duty 70
make q register Of the same in / book
to be kept for that purpose, with the
number anil amount thereof, and deli-
yer them to the treasurer, charging
him with the same. The treasurer
shalt also keep register Of such bonds
az may henegociated. stnfiISeea
Sec 5. Coupons for the interest shall :.
be attacked to each bond so thar they
may be removed without injury or Inu-sf
tilaL IN to the bond. ta a. lse'
Sec 6. The treasurer shall be, and
he is hereby authorized with the apprO-a
val Of the governor Of the state, to ne
gociate such loan as speedily AS posi- I
BILE, At such time and place, and in such
amounts as they may deterInine the ,sx-s
igencies of the state require; but no
Ipan shall be negotiated below the par
value thereOf. ss
Sec Z. Any claim which this state Z
has now, or may hereafter have upon
the General Government, for mDneys
expended out Of this loan, for the pur-
poses aforesaid shall be, and the same
IS hereby set apart and pledg0dstu the I
payment of the principal and iBtereAts
arising upon said bonds together with
all other moneys in the treasury, not
otherwise appropriated, or 80 much
thereof as may lIe necessary; reH ssaert
Sec 3. The treasurer is hereby au-
thorized to defray such expenses asmay
be incurred incurred IN obtainina the
above loan. Provided, That itSdOesi
not exceed the sum Of two thbIsand,
dollars TO be paid out Of any ;tVeneys.
in the treasury not othsrwlss Rppro-,
priaterl. Provided, said loaR bt uego-s
ciated in this state. Arlss sI
@ JOHN BIGLER, &. -
a r Speaker of the Assembly.
DAvDic. BRODERICK, =
President of the Senate. 2
Approved, February Is, 1851.
JOHN McDOUGAL.
Office of the Secretary IF State.
~. VALLEJO, June IL, 1851.
hereby certify that the foregoing ii