The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-06-14
OF OHIO:
PUBLISH I'D BY AUTHORITY,
AN ACT

IL Il
PUBLISH I'D By AUTHORITY.
AN ACT $3.50
Making appropriations for the payment Of
principal and interest Of the public deb,
OF Ohio, for the year eighteen hundred
and fifty-fou and eighteen hundred and
ffty-6ve, and.levying taxes for said pur.
poses, upon, the grand list OF the State.
SEC. !. Be It enacted By the General
Assembly Of the State Of Ohio, That the
following sums be and are hereby appro.
priated out OF any moneys in the treasury,
belonging to the sinking fund. for the year
eighteen and fifty-four. viz: For the pay
ment. of the semi annual interest on the
foreign and domestic debt Of the State, TO
become due on the first day Of July, eigh.
teen hundred and fifiy-four. and the first
day Of January, eighteen hundred and fif-
ty-6ye, eight hundred and eighty EIGHT
,housand dollars; for the payment OF inter.
est on school and trust funds held by the
State, one hundred, and twenty. thou.
sand dollars,
i SEC e. The following sums are hereby
appropriated out Of any money In the
treasury, belonging to the sinking fund, for
the year eighteen hundred and fifty-fiv
| viz: For the payment Of the semi-annual
interest on the foreign and domestic debt
J ef the State, to become due on the first day
!. Of July, eighteen hundred and fifly-hve.
and the FIRST day Of January, eighteen
hundred and ffty-six, eight hundred and
.fifty-three thousand dollars; for the pay
ment of interest on school and trust funds,
!. held by the State, one hundred and twenty.
: Eve thousand FIVE hundred dollars.
SEc. 8. All moneys in the treasury, be-
slsnging to the sinking fund, over and above
: the amounts necessary to pay the accruing
interest, applicable to the payment OF the
principal Of the public debt OF the State,
not exceeding two millions OF dollars. are
hereby appropriated to be applied to the
redemption of outstanding bonds Of the
State, or investment in the sinking fund
aereeably to the provisions of can act to
create sinking fund for the payment ol
the principal and interest Of the public
debt of Ohio" passed March fourteenth
eighteen hundred and fifty three.
SEC. A.. The commissioners of the sink
ING fund are authorized and directed
whenever there is money in the treasury
J belonging to the sinking fund, and appli
cable TO the. payment of interest, for the
ecurrent year, to negotiate with the holders
Of outstanding bonds OF the State, for the
payment of the interest on said bonds, fol
SAID year, in advance OF the time wher
such interest becomes due and payable
and il the holders OF such bonds, or any
part thereof, will make discount upon
such interest, at rate of not less than fiy'
per centum per annum, then the sinking
fund commissioners shall Immediately
make . .requisition upon the Treasurer o
State, for sum sufficient to pay such in
stallment or iEstallments Of interest in ad
vance, or so much thereof as may be agreed
.upon, according to the provisions OF this
section.
Es SEC. s. For the payment OF the interes
supon the foreign and domestic debt oftht
State, and school and trust funds, held by
the State, there shall be and is hereby lev
led q tax Of one and one fourth mills or
sshes .doiler, on the grand list Of taxable
property in the State. for the year eighteen
hundred and fifty-four.
SEc, g. For the payment OF the interes
upon the foreign and domestic debt Of thu
State, and school and trust funds held BY
she State, there shall be and is hereby lev
{ I'D . tax Of one mill on the dollar. on thu
Grand list Of taxable property in the State
for the year eighteen hundred and fifty
6ve.a q. 4
50 SEc. 4, That there is hereby appropria
ted out Of the sinking fund. for the salar
OF the transfer agent, in New York city
and contingent expenses Of his office, 10
che year 1854, the sum of five thousan
dollars, and for the year 1855. the sum
Eve thousand dollars; and it is hereb
made the duty Of the commissioners of tn
sinking fund, in their annual report, I
give statement in detail Of the expense
'oi the transfer Office in New York city.
F. C.. LEBLOND,
Speakcr of the House of Representative!
ROBERT LEE,
President Of tie Senate, pro ten
May lst. 1854.
AN ACT,