The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-04-30
April 8, 1866.

No. ~ les Az ACT -a -.sirr
To provide for the payment of the Pub
lie Debt Of the Slale, due January
| /, 1857. and for the payment OF The in
terest on the Public Debt. ... ..r.
Section 1. Be it enacted by the Gen.
ersl Assembly Of The Staie Of Ohio. That
the commissioners Of the sinking fund be
and they are hereby sulhoriEed; TO is
sue in accofdence with the provisions and
conditions Of the act Of February 4, 1895
creating the State debt. aud Of the several
acts amendatory thereof, Transferable GER
ti6cates Of stock bearing Interest at a rate
not exceeding six per csnlum per snnum
payable semi annually atthe transfer a.
gency in the city Of New York, the priu-
eipsl to the redeema al The pleasure Of
the State at such time between the year
1875 and the year 1886, ,ss the commits
sioners of the sinking fund may deter
mine, the certificates to be Transferable at
said agency in the manner prescribed by
law, or upon certificates as the said
commissioners may deem most adsi-
sable to be registered at said agency.
Section 2. The said commissioners
shall not, by authority Of this act, issue
certificates to an smount greater than the
principal of the funded debt Of the State
made payable at the pleasure Of the State.
after the year 1885,. alter the application
of the siuking fund available for That pur:
pose TO the pay ment thereof; nor shah
they sell any certificate ofstock at rate
La, ,h,r IL 80, ,,o1oo tbaraaf
Section g. The moneys arising from the
sale Of the certificates authorized by this
act shall be applied by the commissioners
Of ,hesinkiug fund, tolhe redemption of the
certificates OF the funded debt OF the State
made payable as stated in lhe second sec
lion Of this act. and TO no other pur-
pose. s.....t..t t..t ...rf
Section 4. The following sums are
hereby appropriated Of any moneys in the
treasury belonging to the sinking fund in
cluding the amount, that may be raised by
the certificates as provided in the first Sec
Iion Of this act for the year 1856, viz:
For the payment OF the semi annual inteE-
est to become due on the foreign debt of
The State, on the first day Of July, 1856
and the first day OF January. 1857, and
the semi annual intere St to become due on
the domestic debt of the State ON the frs.
day Of May, and the first day Of Novem-
Der, 1856. the sum Of eight hundred and
thirty thousand dollars. For the pay
ment Of interest on Schoo! and trust funds
held by the State, one hundred and thr-
ty three thonSand eight hundred and thir-
ty dollars. For the payment of The for
eign debt Of the State. payable at the,
pleasure of the State. after the year 1856;
two millions five hundred & nine thousand
dollars. For the payment Of the debt of
the State past due, the certificates of
which have not been presented. for pay
ment and not bearing interest, two
thousand three hundred and fifty dol
lars.
For the payment Of the salaries Of the
transfer agent and register in New York
City and contingent expenses Of their Of
fees for the year 1855, sum not ex-
ceedug eight thousand dollars.
Section 6. This act shall be in force
from and after its passage. r 90
N. II. VAN WORRIES,
Speaker Of the House Of Representatives.
THOMAS H. FORD, 3d.. ..
~. s.-,, President Of the Senate.
April 8. 1856. s. .a 10 na. .gaha