The Ohio union. [volume] (Ashland, Ohio) 1849-1854, 1852-05-26
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keep complete and fnll journal Of all
me proceedings and orders Of the board
Of commissioners of the sinking fund, 10 :
gelber with record of all certificates Of
The public debt, and transfer Of the same,
and all other papers issued or made by
order oi said board; and said board; and
said commissioners may appoint secre.
tary or clerk, to assist the acting commits.
sloner, with SALARY not TO exceed
dollars 10 be paid as other officers of the
State are paid.
SEC. 9. All books, records and papers
of The Office of The commissioners of the
sinking fund, Except 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 20
vernment Of the State.
SEC. 4. All The books, records. iourn.
ais, dotumentS and papers, kept by the
acting commissioner, shall at all times be
subject 10 the examination of the govern.
or, treasurer, members Of The The board
OF public works, and any member Of the
Genera! Assembly; and the commissioners
OF The sinking fund shall ANNUALLY report,
as is required by the constitution of the
executive officers, to the governor, the
condition of the public debt and of the
sinking fund, and their proceedings in re.
latlon 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. s. The commissioners of the ca.
nal fund, shall, Immediately after The pass.
age of this act, pay over to the treasurer
OF State, all moneys in their hands b..
longing 10 the State, who shall give dupli.
cafe receipts therefor; one Of which re-.
ceipls, with all books, records, papers and
furniture of every description, in their
possession or custody, belonging to The
STATE, shall at the same time, be delivered
the acting commissioner of the sinking
fund.
SEC. 9, 'f'he acting commissioner Of
the sinking fund is hereby specially, re-
quired, authorized and fully empowered,
under the advice and with the concurrence
of the other members of the board. 10
cause to be paid the interest on the funded
debts of the state, and redeem, according
to law, all the valid certificates Of the pub.
lie debt, which have been assigned or cre.
ated on the part of the state; and TO pre-.
serve, to 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 the
state, all necessary certificates of the pub.
lie debt, and other instruments of writing
relating thereto, which by law may be re.
qrired to be sued.
SEC. 7. The commissioners Of the sink.
ing fund shall be successors TO the com.
missioners of the canal fund.
SEC. 8. II shall be the duty of The
commissioners Of the sinking fund to se.
lecl some suitable office or place, in the
city Of New York, and to appoint an
agent, by whom, and at which place trans
ters OF the stock Of the state may be made
and principal and interest of the foreign
public deln be paidi under such rules and
regulations as they may adopt, in con.
formity with the existing laws of the
State.
src. o. All money paid into the State
treasuryi belonging TO the sinking fund,
shall be disbursed by the treasurer of state
to the agent for the payment of the prin-
cipal and interest of the public debt, in
the investment of the sinking fund, or for
other purposes, as other moneys are dis
bursed upon the draft of the auditor of
slate, to be drawn upon the requisition of
the commissioners Of the sinking fund,
which requisiliun shall be recorded upon
the journals 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 10 be made 10 the canal fund com.
missioners, shall hereafter be made to thc
commissioners of the sinking fund, excep.
as may by law be otherwise provided for.
JAMES c. JOHNSON,
Speaker Of the House of Reps.
W. MEDILL,
President of the Senate.
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