Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1854-08-04

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belonging 10 The sinking fund, for the year
eighteen hundred and fifty Eve, viz: For
the payment Of the semiacnual interest on
the foreign and domestic debt of State,
10 become due on the fret day Of July
eighteen hundred and 6tty.five, and the
6rst day Of January eighteen hundred and
tifty-six, eight hundred and ifty-three thou
sand dollars; for the payment Of interest on
school and trust funds. held by the State.
one hundred and twenty-five thousand, Eve
hundred dollars
Sec. s. All moneys in the treasury,
belonging 70 the sinking fund, over and
above the amount necessary to pay the ac-
cruing interest, applicable to the payment
Of the public debt Of the Stale not exceed.
ing two millions Of dollars, are appropriated
to the redemption Of the outstanding
bonds Of the State or investment in the
sinking fund, agreeably to the provisions OF
can &C; to create sinking fund for the
payment Of the principal and interest Of the
public debt of Ohio" passed March four.
teenth eighteen hundred and fifty.three.
Sec. 4. The commissioners Of the sink
ing Auuu dto uutuOTlLtu anu QlTetteu
whenever there is any money in the treas
ury, belonging to the sinking fund, and APP
plicablc TO the payment Of interest, for the
current year, to negotiate with the holders
Of outstanding bonds Of the State, for the
payment of the interest on said bonds, for
said year, in advance of the time when
such interest becomes due and payable;
and il the holders Of such bonds, or any
part thereof, will make a discount upon
such interest, at rate. of not less than five
per centum per annum, then the sinking
fund commissioners shall Immediately make
arequisition upon the Treasurer Of State,
for a sum sufficient to pay such instalment
or installments Of interest in advance or so
much therefor as may be agreed upon, ac-
cording 10 the provisions of this section.
Sec. s. For the payment of interest
upon the foreign and domestic debt Of the
state, and school and trust funds held by
the State, there shall be and hereby is
levied tax Of one and one-forth mills on
the dollar, on the grand list of taxable
property Of the Stale, for the year eigb-
teen hundred and ffty
Sec, 6. For the payment of the interest
upon the foreign and domestic debt Of the
State, and school and trust funds held by
the State, there shall be, and hereby is
levied tax Of one mill on the dollar, on
the grand list of taxable property in the
State. for the year eighteen hundred and
fifty Eve.
Sec. Z. That there is hereby appropri-
ated out Of the sinking fund, for the salary
of the transfer agent, in New York city,
and contingent expenses of his Office, for
the year 1854, the sum Of five thousand
dollars, and for the year 1855, the sum of
FIVE thousand dollars, and it is hereby
made the duty Of the commissioners Of the
sinking fund, in their annual report, to give
q statement in detail Of the expenses of
the transfer office in New York city.
f. G. LEBLOND,
Speaker OF House of Reps.
ROBERT LEE,
President of the Senate.
May lst, 1854.
SECRETARY OF STAsE's OFFICE
l, William Treyitt, Secretary of State, OF
the State OF Ohio. hereby certify that the fore
going laws are correctly copied from the orig-
nal rolls in this office.
WILLIAM TREvITT,
Secretary of State.
AUDIroR's OFFICE, Sandusky CO., o.
hereby certify that the foregoing acts have
been compared with, and are correct copies OF
those furnished by the Secretary Of State. r
HORACE T.. CLARK, Auditor