New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-06-12

"o "rf ID COM. B-twecn fry and sis,y VeS''es
ne vay to Osvs. 20. WITH 100000 bushels gram
~ the State oi Cahirria, issued ~ con-ods
.,o 81 ,he Controller warrants, ARE besin1g to ap-
n.a, in this market for sale We annex the law uaoe'
rhioh this C uso1ai1n tskes place, which We oeie''
hes never before ben published;
A. ACT to Jsad III sdeSsd"' q ne a,a'S %sr e esa;,s
Jsss Saf may Be d etccas
7a. re s. 81 e, 'a sc % / ''' ~ s''' md
s,.,:. ~ 4: ss'f | & n. eP.A Of f "a. s.
dei Of the sr :.is Con; oer. w'aa dI,wa
a. he s"eTs ~-Iri' 'si"s e 70 Il. Of jan s
,s % s.sros STATE .h. e.p:' 20 be pc, . s
kd' po m &c ls. hierest the rate Of per cent per
5ro1, he csy OF ioe isue, I~yAoie eiher IN s ~
Of otin OF he party peIties 70 wh9m aca eni.
The # Ssy 81 on: SS s6 pa2 ss either n ~ c,c,
o. T,t or s.n Francisco al tne Office VI the iies'n'er
STATE % %e be- s payment Of the shan no; be
.sde sooner s OF January is5I Sni pon sh %
nd do;se ., Teauer Of STATE and Sa have the seal
coHpons iot The interest shall be attached TO each
nora 81 that coupon be removed wi'nou' jniy o.
%ascn to he e, bona nS " state and it Snail
duty to advertise ~paer published in the Cues Of
s s ssS on VII Is he aos At
Isce house the sad interest w ~ P' Sl Controller
OF STATE separate record OF AN srh ooon esmy
be d., $3.50
SEC The Al OeO. beehy Appropriated ont Of any
none, in the Treasury not he appfO nted 70 pay tle
sxre6se that be incurred By the Treasurer IN having sad
SEC Ffo@ and after the passage Of this &C. all person.
having any indebdress 81 this se IN the form Of warrants
drawn BY the esnrC Ter :" thus sa'e ~ upon ON. me nav BE- &
after he vary 1887 T., indebtedness which acc eed
ss Tre..si sf he State csorn receive in
therefor bonds OF the State OF Caorna saeh as are
provided or IN the FIRE. section OF I'M. act lne. a. on
dOrse the back Of each warrant 20 tdee ned IN ia
bal be eounte ssnsd ey ne SontI4er az s,s TSe
aud Controller each shall also keep cord OF the
the and Of the bond susd thereon AMI the
OF STATE shall no; qndate or pay soy OF he aoe
said Indebtedness OF the State bot Ia tho mauer
herein p,oyid,d.
bIds there shall be levied an1 collected
y the same IaaUret as n po,6ed o is~ now "a
ssab $40 Of taxable property In the sa ajoon the
t.1s M sen.IA State az! the fund dsiy:d 9n t
the bonds be Elm provided ori end the na re-
Of & S . siS 1sS the I the
hon BY OF this aud the interest thereon aud
TO provide oh'r and ampe' means Tor the pay
SIC whenever Oh the st day January July 1857
OF upon day January July sbsequen,
there remains after the payment Of tae nIees as
Of h. Tes.ofeH advertise for the space Of one mouth
published in English in the City Of NewY sad
cisco fu seaed proposals. surrender bonds issued in
accordance with thu act in such qna1S as the hodS' may
desire exceeding the amount " be redeemed lie sh4I
state in ,ad advertisement the amount money he has
ooosa ar @ nst o. ,5w oar as NAV Teseem az
named for the bonds until the amount Of cash
Oh hand for redemption 10 exhausted.
Full and particular account and record shall be kept
iy the Of the condition OF the funds collected ia
eodspee with the provisions Of his act 0Oen a. all times t. che
spe, Of the Governor and Controller and to any Com
SIC Il shall be the duty of the Treasurer Of this state to
make for ns " Of se s1ss s ias s
Fund insufficient the said Treasurer sa maze up tae ae
ceDcy General and the said r'oasuer Is aath'fzed
required TO make such aeu ais
pf the credit Of the State. -, - ,c.u
SIC 10 IT ss be the duty Of The Governor and .ogtfos1
all received by the az soteshi
AID 70 cause the b. registered ard canceed ia nca
prevent them o being resuea or put IN cTeu
lsiion u.,..o.
trst person about the business devoved
Sn az. "a 's ol ss sca Of The u
boz MORTGAGE wise shall be approved by the
err Or upon desui Of cb;or may be
the OF the obsee or morris for his own use
sEc r. The Treasurer of State shall transmit 70 the Coy.
snnu. rspcrt to be BY d before the Les.a
fuIe and all books end paper. pertaining % zoe aies 30
Of any Interested or TO any Committee of either branch
1.-THE Legislature, or joint Con rntee of both. 49,.
- The provisions Of this act shall not authorize ths
fundIg any those the registration AMI iadoelh
The provisions Of An Act to cancel the inl
ment Of certain warrants aud prohibiting ne payment me
The nsnSsd ali dssed iUds6eae On
the issued IN manner appeitsni thereto
hereby expressly excluded from all the benefits aud prov
tisact Provided that nothing in this act shA arh,r
lie shape Of Conrole,s warrauts Sol
any indebed unless such ajeo's IS rec
's Avo Ss f AS 81 s j. NELLY JoHssoN
+ F hsAIEY fRs s.Ssa S e. a., Assem-" pro
0tBee Of Secretary OF State Sacramento California
David Douglass Secretary Of STATE ofthe state Of Cali
rb hereby certify the oesoog true aud correct
coy Of the original act ne~ on &c IN ny once IN sscs
DAVID ,. DOUGLASS, Secretary Of State
meeting Of the bOndholders of the New-fork
City and Buffalo Railroad held to day at the
Office Of Messrs Whitehouse, Son s. Morrison, the OBJ
ject being TO confer with Mr. Palmer the receiver OF
the company relative TO the present condition oil its
affairs
Mr.. Mann, counsel for the receiver was introduced
and made some statements, IN answer 10 que''ion'
propounded by gentlemen present.
The bonds issued, or purportng To DC ssueu ny inc
company are of thiee classes, namely; -, .-,,o,o
First mortgage bonds 81 200 OOo of which Soouooo
are ON the road from Buffalo TO Attca and were given
In exchange for the track purchased from the old com.
pany owning the road between the two places, and
$500 900 ON the road between Auca aud HOrnelsvle.
The second mortgage bonds, amounting to sooo,ooo
besides being lien on the whole road cover some
yery valuable property in Buffalo which is not included
In the first mortgage, having been acqu red snose-
quent TO its execution Ii is said To be worth al least
100000 ,
This property is incumbered by mortgages oh the
land 10 the amount of S4l COZ, portion OF which Is
now due and liable TO foreclosure, aud money VIII
have to be raised to keep 1t from being SACRIFICED Oy
the bondbolders. ~. ,..., .
The third mortgage bonds amount 10 81 $4,000, oil
which about 5000 900 have been issued.
As far az the inv sgation has proceeded IL DO - no.
appear that one dollar Of this amount has oerh rct"
by or used for tue Company, and It IL me opin''n
Mir ann that tbev are altogether Invalid as to the
1. =. OF only r.