Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1851-09-25

y
naOn'oealth Of Pennsylvania
BY WIN. Z. JOhn>tOm, Governor
of the said commonwealth.
A PROCLAMATION.
..-,1,. WHEREAS, In and by an act
..5S1geg.. of the General Assembly of this
~ 9 ~ Commonwealth, passed the tenth
54SsSss1sS day of April, one thousand eight
FfT7ft hundred and forty-nine, entitled
AN act to create SINKING FUND. and
to provide for the GRADUAL AND GER
TAIN REIMBURSEMENT OF THE
DEBT OF THE COMMONWEALTH it
is enacted and provided as follows, viz:
Sec. l. That the Secretary of the Common
wealth, Auditor General, and State Treasurer,
for the time being, shall be Commissioners,
who are hereby authorized to receive the rev.
enues appropriated by this act, or which may
hereafter be appropriated for the same object,
and to purchase Herewith the debt of the
State of Pennsylvania at It's market price, if
not exceeding the par value thereof, to the
/ full extent of the said revenues, and to hold
and apply the same, and the interest thereon
accrding, firmly and inviolably on the trusts
and for the purposes herein specified.
+ Sec. 2. That all revenues derived from the
]
/ lateral inhertances and the per centage as
sessed upon any bank or railroad, or coal mi
ming, or improvement company charter, all
taxes assessed on distileries and breweries, on
billiard rooms, bowling saloons and ten pin
alleys, on new counties, on theatrical, circus
and menagerie exhibitions, and on eating
houses, beer houses and restaurants, and all
such revenues as the legislature may from
a. 4 A.
toned in this act, shall, so soon as the same
shall be received at the Treasury, be paid o.
yer TO the said Commissioners, who shall forth
with proceed to purchase the debts of the
Commonwealth, on the terms and for the pur-
poses set forth in the first section of this act
Sec g. That the said Commissioners shall
be authorized to receive the interest due and
payable on the debt, so as aforesaid purchased
and held by them, which interest shall be
likewise applied to the purchase OF said debt,
so that the same shall form constantly ac-
cumulating fund for the extinguishment of
the public debt.
Sec. A. That it shall be the duty of the said
Commissioners, on the first Monday of Sep
tember, in the year one thousand eight hum
dred and ffty-one, and on the same day, IN
every third year thereafter, to certify the a.
mount of the debt OF the Commonwealth held
by them, to the Governor, who shall direct
the certificates representing the same to be
cancelled, and on such cancellation issue his
proclamation, stating the fact and the extin
guishment and final discharge of so much
of the principal of said debt.
Sec ). That the said Commissioners shall,
within ten days after the organization of the
Legislature IN the year one thousand eight
hundred and fifty-two, and in every third
year thereafter, specially report to the Legis-
Iature the amount OF the public debt, so as a
foresaid liquidated and proclaimed by the
Governor to have been cancelled, and what
reduction of taxes may in consequence there
of be made, in order that the Legislature may
provide for such reduction in the burthens of
the people.
And whereas, Alexander L. Russell, Sec
retary of the Commonwealth, Ephraim Banks,
, Auditor General, and John NJ. B!ckel, State
! Treasurer, Commissioners Of the Sinking
Fund, have certified to me as follows, viz;
Office of the Commissioners
of the Sinking Fund,
Harrisburg Sept /, 1851.
To His Excelency VIM. F. Johnston, Cover
nor Of Pennsylvania.
: OtT IN OlipildllNC Will luG tIll SCN1Oh
of the act, entitled An Act to create Sink
ing Fund and to provide for the gradual and
certain extinguishment of the debt of the
) Commonwealth approved the 10th day Of
April, 1S49 the Commissioners of said fund
= hereby certify that the amount of the debt OF
) the Commonwealth purchased since the pas
sage of the act of the Assembly referred to,
and now held by them, is SIX HUNDRED
,TT,rTy ~ n - 4
! HUNDRED AND TWENTY TWO DOL
LARS AND NINETY-EIGHT CENTS
(S659, IL, ,9S)-conssting OF > per cent loans
negotiated under various acts of Assembly.
Your obedient servants,
A. l.. Russell,
E. BANKS,
JNO Nj. BICKEI.
Commissioners of the Sinking Fund.
Now therefore, in obedience to the require
ment of the fourth section OF the act OF the
II. 4 I ID