Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1852-05-24
LAWS OF OHIO.
PUBLISHED BY AUTHORITY.

PUBLISHED BY AUTHORITY
|
] mo As. AN ACT
To Define the Duties of the Comm. .ssioners o
the Sinking Fun
Sec. l. Be- ii enacted BY the Camera
Assembly of tie State Of 0hao, Tha
I tho Audllor of State, Secretary ofstate ant
Attorney General, createdby aslicle eighth
section eighth, Of tho Constitution, Boare
of Commissioners, to be styled The Commits
sioners of the Sinking Fund, shall appoint
one Of their number Acting Commissioners
Iofthe Sinking Fund. who shall hold said
appointment during his term Of Office as q
member Of said Board; and ii shall be the
duty Of said Acting Commissioner, with the
advice and concurrence Of The other MEM
bers Of the Board, TO perform oil and singu.
lar the duties epjpined on said Board.
Sec. Q. The Acting Commissioner shall
keep a complete and full journal of all the
proceedings and orders of the Board Of
conference.-the Sinking Fund, together
with record of all certificates OF the Pub
lie Debt, and transfer Of the same, and all
other papers issued or made by order oil said
Board; and said Commissioners may up-
poiEt q Secretary or Clerk, to assist the
Acting Commissioner, with salary no, TO
exceed dollars, to be paid as other Off
GERS Of the Stale are paid. 2..-
Sec. 3. All the books, records and pa.
pers of the Office of lhe-Commissioners Of
the Sinking Fund, Except the books in
New York for transfer of stocks and pay.
mont of inierest,) shall be kept al the office
Of the Acting Commissioner, at the seat Of
Government OF the State.
Sec. 4. All the bouks, records, journals,
documents and papers, kept by The Acting
Commissioner, shall at alElimes be subject
to the examination Of the Governor, Treas
4urer, Meinbers of The Board Of Public
Works, and any Member of the General
Assembly; and the Commissioners Of The
Sinking Fund shall annually report, as is
required by the Constitution of the Execu-
tive Officers, to the Governor, the coHdi
.tion Of the public deb. and Of the Sinking
Fond, and their proceedings in relation TO
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 Ca.
nsl Fund, shall, Immediately after the pas
sage OF this act, pay over to the Treasurer
of State. all moneys in their hands belong.
ing to the State, who shall give duplicate
receipts therefor; onezof which receipts,
with ali books, records, pnpets and furEi-
ture efevery description, in their possession
or custody, bslonging to the State, shall, nj
the same lime, be delivered to the Acting
The Sinking -F..4ta s-----
SIC S. The Acting Commissioner Of
tho Sinking Fund is hereby especially, re.
quired authorized and fully empowered,
under the advice and with the concurrence
of the other members oil The Board, to cause
TO be paid The interest On the funded debis
ofsthe State, and redeem, according TO law,
all the Wild certificates Of the Public debt,
which have been assigned OF 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 he may, with
the Concurrence of said Board, execute and
deliver IN behalf Of this State, oil necessary
certificates of The public debt, and other in.
struments ofwriting relating thereto, which
by law mny be required TO be issued. e
Sec. T. The Commissioners Of the
Sinking Fond shall be successors to the
Commissioners ofthe Canal Fund.
Sec. g.. II shall be the duty Of the Com
missioners Of the Sinking Fund 10 select
some suitable Office or place, in the city Of
New York, md tosappoint an Agent, by
whom, and at which place, transfers OF the
the Stock of the Statemay be made, and
principal md interest Of the foreign public
eebt be paid, under such rules and regula>
tions as they may adopt, in conformity
with the existing laws Of the State.
Sec. 8. II money paid into the State
Treasurer, belonging 10 the Sinking Fand,
shallbe disbursed by the Treasurer Of State,
to The Agent for The payment Of the princi-
pal and interest Of the public debt, iD the
investment Of the Sinking Fund, or for
other purposes, as other moneys are dis. I
bursed upon tho draft of the Auditor Of |
State, to bo drawn upon the requisition Of
The Commissioners Of. the Sinking Fund,
which requisition shall be recorded upon
The Journal Of said Commissioners, and
signed by the Acting Commissioner, and at
lens. one other member OF the Board.
T Sec. 10. All reports now required by |
law TO be made to the Canal Fund Com.
shall heresher be made to the |
Commissioners of the Sinking Fund, except |
as may by law be otherwise provided for. |
JAMES G. JOHNSON,
Speaker Of the House of Reps.
WILLIAM MEDILL,
- President Of the Senate.
March. .ls, 1852.
mo. 46. AN ACT.