Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1852-05-08
AN ACT
70 define the duties Of the Commissioners d
the Sinking Fund. s ~


70 define the duties Of the Commissiouerso of
4 the Sinking Fund. ! s ~
Sec. /. Be Il s,adctsd b. tks Hsneydf A.
se1s6ty of the State Of Ohio. That the auditor
of State, secretary of state, and attorney gen
eral, created by article eighth. section eighth
of the constitution. board of commissioners,
TO be styled the commissioners OF the sinking
fund, shall appoint enc of their number acting
commissioner Of the sinking. fund, who shall
hold said appointment during his telm Of Of
ice as a member. of said board and shall be
the duty of said acting commiss;onsti with
the advice and concurrence Of the other mems
bers of the board, to perform All and singular
the duties enjoined on said board.
See. q The acting commissioned shall keep
a complete and full journal Ofall the Proceed-
/ ings and orders OF the board ofeommissioneTs
of the sinking fund, together with Sssord Of
all certificates Of the public debt, and trans
fer of the same, and all other papers issued
or made by order of said board; and said
commissioners may appoint secretary or
or clerk. to assist the acting commissioner,
with salary not to exceed dollars, 80 be
paid as other officers Of the stale. are gPaid. .ss
Sec 8. All the. books. records and papesk
lOl COLACS VI o1AAF
ing fund, Except the books in; New KOrksloE
transfer of stocks and payment Of sinterest.l
shall be kept at the Office of the acting COM
missioner, at the seat Of government Of the
state. 80 5F9s s s7zl.i = 5esig Il 3 -sssc
Sec. A. All the books, records. .joufnsias
documents aud papers, kept BY The acting
commissioner, shall at all times be sHbjeel to
the examination of thea GoYerhors tfensafefs
members of the board of public woFkssaHd aAg
member of the General Assembly; and the
commssiners of the sinking fund ehsll dnhuaf-
ly report, as is required by the conssitudoh of
lhe executive otieersgto the governor the cont
dition Of the pnblicdebt andOfthe sinhingfuhd,
and their proceedings in relationtOt The salhei
and also such other additional reports as may
at any time, be required by either branch u
the General Assembly. - as aaa sssA
Sec. s. The commissioners Of the canal
fund shall, immediately after Che passageo of
this act. pay over to the treasurer Of state, all
moneys in their hands belonging TO the stateg
;. who shall give duplicate receipts therefof3
one of which receipts, with all books. recordss
papersandfurnitdre of every description.in in their
possession OF custody Belonging to the states
shall, at the same time. be delivered TO the
acting commissioner Of the sinking fund.
Sec g. The acting commissioner of tho sinking
fund is hereby specially. required. authorized
and fully empowered. under the advice and
with the concurrence of the other members
Of the board, TO cause TO be paid ,Ihs iuteress
on the funded debts of the state, and Fedeemt
according TO Law, all the valid certificates Of
the public debt, which have been assigned OF
created on the part Of the states aud to pres
serve, to the extsnt Of his power, the faith
and credit of the state; for which
purpose he may, with the eonsurrencsse Of eaid
board, execute aHd deliver in behalf of'ths
state; all necessary certificates Of the public
debt, and other instruments Of writing relats
: ing thereto. which BY law may be required y
be issued. -. .-...,.-,---s IA n
Sec. Z. The commissioners Of the einkidk
fund shall be success ers 20 the commission
ers of the canal fund. -, ~ q. 7sfrb siits8
Sec. s. 1t shall be the duty OF the eoHss
missions Of the sinking fund to select aoms
suitable Office or places in the city lof New
p York. and to appoint an AGENT by whom, and
i at which place transfers Of the stock Of tbs
/, state may be made, and principal and inters
. est of the foreign public debt be Paid, under
such rules and regulations ae they may adopt
; in conformity with the existing laws OF the
: stale. Easf ,tS as7k
sec Q. All money paid intOthe state treat
;. ury, belonging to the sinking fund, shall be
disbursed By the treasurer Of state, to the
f agent for the payment of the principal and in
+ terest of the public debt. in ihe investment o
n the sinking fund, or Orother purposes; as 9th
- er moneys are disbursed upon the draft o.
4 the auditor of, state, to be drawn upon the
requsftion Of the Commissioners d. The sinh
: ing fund which requsition shall be. recoEded
upon the journal Of said commissioners, AID
signed by the acting commissioner and 81
least one other member of the board -,
Sec. 10. Al reports now required BY lsFS
to be made TO the canal fund commissioners
shall hereafter be naado " the Commissioners