Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-05-06
TAT 81 90 I'm Advance.
Whole Number 855.

: Acting Commissioner, with the advice
: and concurrence Of the other members
of the Board. to perform all and singular
the duties enioined on said Board.
Ses. 9. The Acting Commissioner
shall keep a complete and full journal
Of all the proceedings and orders Of the
Board of Commissioners OF the Sinking
Fund, together with record Of all GER
tiicates of the Public Debt, and transfer
of the same, and all other paper. issued
or made by order of said Board; and
snid Commissioners may appoint Sec
retary or Clerk, 10 assist the Acting
Commissioner, with a salary not to ex-
ceed--dollars, 10 be paid as other
officers OF the State are paid.
Sec. 5. All the books. records and pa.
pers of the office Of the Commissioners
of the Sinking Fund, lexcept the books
in New York FOR transfer Of stocks and
payment Of interest," shall be kept at
the office Of the Acting Commissioner,
at the seat Of Government Of the State.
Sec. 4. All the books, records, Jour.
nails, documents and papers, kept by the
Acting Commissioner, shall at all times
he suject TO the examination OF the Gov
ernOr. Treasurer, Members Of the Board
Of Public Works, and any Member of
the General Assembly; and the Commits.
sioners Of the Sinking Fund shall annu.
ally report, rs is required by the Consti.
tuition of The Executive Officers, to the
Governor, the condition of tho public
debt and Of the Sinking Fund, and their
proceedings in relation 10 the same; and
also such other or additional reports as
may, at any time, 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 to the
Treasurer of Stale, all moneys in their
hands belonging TO the State. who shall
give duplicate receipts therefor; one of
which receipts, with all books, records,
papers and furniture Of every descrip-
ton, in their possession or custody, be-
longing to the state, shall. at the same
time, be delivered to the Acting Commits
sioner of the Sinking Fund.
Sec. 6. The Acting Commissioner of
the Sinking Fund is hereby especially.
required authorized and fully empow-
cred, under the advice and with the con.
currence Of the other members of the
Board, to cause to be paid the interest
on the funded debts Of the Stale. and re.
deem. according to law. all the valid
certificates of the Public debt, which
I have been assigned or created on the
part Of the State; and TO preserve. 10 the
extent Of his power, the faith and credit
of the State; for which purpose be may,
with the concurrence of said Board. ex-
ecute and deliver in behalfof this State,
all necessary certificates Of 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. s. II shall be the duty of the
Commissioners of the Sinking Fund to
select some suitable office or place, in
the city of New York, and to appoint an
Agent, bv whom, and nj 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 thew may
adopt. in conformity with the existing
laws Of the State.
Sec. 9. All money paid into the State
Treasury, belonging TO tn e Sinking
Fund, shall be dsbursed by the Treas.
urer Of Stnte, TO the Agent for the pay
men; Of the principal and interest OF the
public debt. in the investment OF the
Sinking Fund. or for other purposes, as
other moneys are disbursed upon the
draft ofthe Auditor of State. TO be drawn
upon the requisition Of the Commission.
ers of the Sinking Fund. which requisi.
ton shall be recorded upon the journal
Of said Commissioners, and signed by
the Acting Commissioner. and at least
one other member Of the Board.
Sec. 10. All reports now required by
law to be made to the Canal Fund Com
missioners, shall hereafter be made TO
the Commissioner of the Sinking Fund,
excep, as may by law be otherwise pro-
yided for.
JAMES C. JOHNSON,
Speaker Of the Hor'e Of Represeltatires.
WILLIAM MEDILL,
PreHdent Of the Senate