Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1852-06-04
mo. IS AN ACT
To define Ihe duties Of the Commissioners oI
The Sinking Fund.
AN ACT
mo. as I
April 9, 1859.

| MO OluhlHB L uuu'
| Sec. !. Be il enacted by the General As.
sembly Of the State of Ohio, That the auditor
of state, secretary of state, and attorney general,
created by article egIh, section eighth, Of the
constitution, board Of commissioners, 10 be
sly led The commissioners Of the sinking fund.
shall appoint one OF their number acung com.
missioner of the sinking fund.- who shall hold
said appointment during his term Of office as a
member Of said board; and il shall be The duty
Of said acting commissioner. with the advice
and concurrt nee of the other members Of the
board, to perform all and singular the duIies
epioiued on said board
Sec. g The acung commissioner shall
keep complete and full ,urna of all the pro.
ceedings and orders of the board of comms.
sioners of The sinking fund. together with rec.
ord of all the ceuihcaleS of the pubic debt. and
transfer Of The same, and all other papers il.
sued or made by order of said board; and said
commissioners may appoint a secretary or
clerk, to assist the acting commissioner. with
salary 10 not exceed dollars, TO be paid
as other officers Of the state are paid.
! Sec. 3. All The books, records and papers
Of The office of the commissioners of the sink
ing fund, (except the books IN New York for
transfer of stocks aud payment of inlerest.)
shall be kept at The Office of the acting commits.
sioner, at the sent of government of The STATE.
Sec. 4. All the books, records, journals.
documents and papers, kept by the acIing com.
missioner. shall at all times be subject 10 the
examination Of the governor, treasurer. mem.
bers of The board of public works. and any mem
Der of the General Assembly; and the commits.
soners Of the sinking fund shall annually re.
port, as is required by The constitution of the
executive officers, TO The governor. DE rond.
lIon of The public debt and of the sinking fund.
and their proceedings in relation TO the same
and also such other or additional reports us
may, nI any Ime be required by either branch
Of The General Assembly.
Sec. 5. The commissioners Of The canal
fund, shall, Immediately after the passage Of
this act. pay over 10 the treasurer of state, all
moneys in their hands brlorgiDg to the State.
who shall give duplicate receipts therefor; one
oGwhich receipts, with all books, records, pa
pers and furniture OF every description. in their
possession or custody, belonging To The state,
shall, at the same time, be delivered TO The act
ing commissioner of the sinking fund.-
Sec. 6. The acting commissioner Of the
sinking fund is hereby specially, required. au.
,horizpd and fully empowered, under The nd.
vice and with The concurrence of The other
members oil the board, to cause to be paid the
inleres, on the funded debls of the state, and
redeem, according 10 law, all the valid, cerIi6.
Gates OF The public debt, which have been as.
signed or crenIed on the part Of the state; and
10 preserve 10 the extent Of his power, the faith
and credit Of the state; Tor which purpose he
may, with the concurrence Of said board, exc.
cu,e and deliver in behalf of The state, all ne.
cessary certificates ol the public debt. and other
instruments of writing relating thereto, which
by law may be required TO be issued
! Sec. 7. The commissioners Of the sinking
| fund shall be successors to the commissioners
OF the canal fund.
Sec. 8. Il shall be The duty of the commits.
soners Of the sinking fund to select some suita
BILE office or place. in the city of New York,
and to appoint an agent, by whom, and at
which place, transfers Of The stock Of the State
may be made, and principal and interest Of the
foreign public debt be paid, under such rules
and regulations as they may adopt, in conform.
ity with the existing laws of the state.
Sec. 9. All motley paid into the state treas
ury. belonging 10 the sinking fund, shall be dis
bursed by the treasurer Of state, TO the agent for
the payment of the principal and interest of.he
public debt, in The investment Of the sinking
fund. or for other purposes, as other moneys
are disbursed upon the draft Of The auditor of
state, 10 be diawO upon The requslIion OF thu
commissioners Of the sinking fund. which re-
QUESTION shall be recorded upon the journal OF
said commissioners, apd signed by the acting