The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-07-24

SIC, 2 Every transfer agent" appointed un.
der the provisions of this act shall hold such ap.
Poiniment during the pleasure of the commission.
ers-subect, however, to be removed by rEsolu-
tion Of the senate it shall moreover be the duty
Of the commissioners to remove any such agent
whenever they shall believe the interest Of the
state requires snch removal, whenever any agent
shall be reno cd lie com 1issoners appoint with |
the approval Of the If in session another in
his place, but if the senate re not in session when
such appointmel sha be made the same shall /
be submitted to the senate for approyal within five
days after the CONNER cement of their next session
aud no agent appointed during the recess of the
senate shall hold such ap DIN mont loHgor than
twenty days after the commencement of the next |
ensuing session ulcss approved by the senate,
SIC 3. The commissioners of the sinking fund
shall designate some suitable place ia the civ of
New York where the business of the agency pre-
scrbed by this act shall be trar sacted, and shall
| give proper public notice thereof
| SIC. A. All moneys appropriated by law or by
the commissioners of the sinking fund for the pay
ment of interest or principle of the Foreign debt
of the state, to be invested in stocks or bonds
for the benefit of the sinking fund if deposited or
kept elsewhere than in the state treasury at Co.
lunbus shal! be deposited in some bank or banks
or other monied institution or institutions ofes
tablished credit and undoubted pecuniary resposi
billy in the city o. Neu York AMI shall there re
main unless windraSn for the ruroose of beg
Immediately deposited in some o,her bank or iu
stituton of equal responsibility in the city Of New
ork, OF In the state treasury at Columbus, until
the same shall he required for the payment of the
principal interest Of the state debt for invest
me mt as provided by law, an until such moneys
shall actually be paid out fo- such porpose or pur-
poses aud said commissioners shall if they deem
necessary take such good and sufficient security
they may deem proper TO secure the repa, ment of
I said moneys whit h shall be taken il the name of
The state of Oh and deposited in he Office Of the
auditor of state.
$40. 5. All payments made b. the transfer
agent, whether account of interest or principal
Of the state de bt, for investments of the sinking
fund, shall be made by d aft check on the bank
| or other institution where money shall have been
deposited for The purpose of making such payment;
and every such draft or check shall be made paya-
| abe to the person entitled duly authorized to
receive such payment or TO his order, and shall
specify the claim or debt for which payment is so
made.
SEC G. The commissioners of the sinking fund
found shall, from time to time, as the same shall
become necessary, appropriate of the moneys be
| longing to the sinking 'und, such sums as may be
sufficient to pay the interest on the foreign debt Of
the state-the principal Of such part thereof as
shall at rny such time be about to fall due, and
such sum as they may deem evpcdeut to invest in
purchasing such bOrds stocks or her public
4 curti' they be; 10y wv authorize to pur.
chase for the benefit of such fund and shall order
the deposi. ary or deposiaries ot the moneys be-
longing to the sinking fund Of the city Of New
/ ok to pay TO the person legally thoTiz 10
receive such payment the clerks Of draf drawn
by the transfer agent in accordance 18th the pro
/ visions OF the fifth section of fthis act.
SIC I The commissioners of the sinking fund
as soon as convenient after the pas age of this act
shall appoint some uitahle person of established
ed reputation for integrity aud correct business
habits, who shall keep his Off e at some conven-
lent place in the city of New York, aud who shall
in no way be relate. TO or connected in business
with the uansftr agent 10 be deuominated the
' Registrar" Of state stock. aud whose tenure
office shall be the same as that Of the trauslc.
ag Mt.
Sio.5. 1t shall be the duty of the registrar per.
son .lly to examine every certificate of state tock
issued 10y the uanster agent, and every certificate
SURF ndered to such agent heti for the purpose
OF transferring such stock any pfrt ereuf "a a
ditferC Mt owner, or for the purp's Of dividing or
consoidli, the lock represented by one or more
certic tes and TO keep an accurate registry or &c
count OF all such ccrtidca eS issued or urremdered
ia 10 K or hooks to be PROVIDED therefore in
such form. as the c0mm.sI MRS of the sink ny
r fund shall prescribe
SIC All certificates of state stock whei er
Of REV stock or of stock transferred, certificates
is, ucd in lieu Of certificates surrendered, lost or
de .troycd, issued by the transfer agent aft r
the fret day cf May next, shall be ycrit by the
re istrar, who fr hat purpose shall 5gn.his
con picuGusly on cneh of such cguihca cs imme-
tiatcly under hcworI Registered" and 10 GER
thcu'G Of state stock issued by The transfer agent
on or after the said first Monday of May next shall
b held valid and binding ON III state unless t
shall be yeri fed; and The ccmmj toners of the
mcut ola registrar give public notice 10y publica-
ton in at least newspaper published in each Of
he cilie, Of New York and London, md Of gener'
al ci c.laton herein, Of the requirements contain
ed in This section.
SC 10 Noccrtifcate OF new stock shall be
executed or issue by the transfer agent, nor ver-
ieI iy the rcgi>tra unless il accordance with the
Hrt.er order, ~ instructions OF the commissions
ers OF 'hn sinking fund copy of which shall have
} been delivered to such agcnC and copy to such
registrar-aud no certificate of stock shall Oe so
issued by the trans agent IN place of any celth
cate or cert hcatrs previously issued for the pur
pose of transferring The same, or for any other
RI purpose unless certificates previously issued Of
stock to an equal amount bearing the same rate Of
interest and paya lie at the same time the new
certificate Ger ifcates to be issued be suIrn-
rendered and cancelled, except in cases OF the loss
or dest uctiun of certificates previously issued,
hereinafter provided-nor shall the registrar ycr-
y or sign any certificate Of stock issued in viola
tlun of the provisions of this section.
SIC IL. Before the registrar shall verify, by his
signature, any certificate Of state stock in place
Of any certificate or certificates surrendered, he
shall write in large and egible characters the
IA c OF the certificate certificates surrendered,
the word cancelled" az Immediately under
said word ailix the date of such cancellation and
subscribe his name thereto.
S C. II Whenever satisfactory proof hall be
% n ade to the commissioners ofthe sinking fund, or
( the acting commissioners cf said fund that any
certificate certificates of the foreign stock Of the
/ stUte shall have be lost destroyed and of the
amount and particular kind of stock represented
by the certificate certificates los or destrOye
aud Of the legal and equitable ownership thereof,
laid Commissioner or acting commissioner may, at
his their discret on, give written orders to the
trans fer agent add the registrar to issue and verify
a new certificate or new certificates OF an equal
amount of stock of the same descril tion as the
stock described in the certificate certificates so
n lost or destroyed and to deliver the same to the
owner of the certificate or cert ticates 50 lost or
DESTROYED. his lepal representative, agent or at
toruey taking good aud sufficient security from
him or them, to save the state harmless from any
loss or injury consequent upon the issuing of such
new certificate certificates, the proof required
! by this section shall be reduced to writing aud
carefully preserved in the Office of the auditor o
| state.