Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-03-20
REpLENIsHMENT OF THE STATE TREASURY.

But authorize tie issue of treasury notes passef
March 18TH 1880.
l. BE enacted by the General Assembly that the TO.
he aud he is hereby authorized be- pre-
pared aud signed in order borrow thereon from
time to time hereinafter provided treasury
such sum or sums lie may he advised by the Auditor
Of Public Accounts that the eXigcncies vi the government
require for purposes other than works of internal in.
provemcnt provided that the of such
standing shall not exceed the limit
named.
, The said treasury shall be made payable to the
order OF tho person persons To whom they given
evidence OF money borrowed and shall also be payable
the treasury of the Commonw eah than one year
after their respective dates from which dates until the
dates at which they scvcray payable and longer
they shall bear such Interest shall be expressed Ola the
face Of the said notes which of interest upon each
several issue OF the said shall be fixed 10y the Go.
vernon with the advice OF the Author OF Public Accounts
but shall III exceed the rate Of six per per
aunum. The said shall be redeemed aud paid at
the treasury the holders respectively upon the warrant
of the Auditor of Public Accounts and the said redcmp
zion aud payment shall include the principal OF each note
and the interest which be due thereon the time OF
| payment. For this payment aud rcdcmpton at the
times and place herein specified the faith Of the Common
wealth OF Virginia - hereby sOleinnly pledged.
g. The said treasury shall be transferable by de
livery and assignment endorsed thereon by the person
to whose order the shall the face thereof have
been made payable.
l. The said treasury shall be received by way OF
oil in liquidation of all and debts due TO the
commonwealth after the 3Oth day Of September next that
being the close Of the present fiscal YEAR other than
due sale of her bonds provided that such
and chts due and payable tho time when said trea
sury notes may he offered in lquilnton aforesaid
And ON every payment Of taxes credit shall be given for
the amount of the principle and interest which, the
day OF such payment may be due the or notes
| thus given in liquidation thereof
D. Any person making payment Of taxes the Com
monwcalth and Offering such treasury notes IN uudl
ton thereof any sheriff. collector the revenue or 9TH
er public officer agent shall endorse thereon ccrtif-
cate of the date of such payment, OF the sum- both in
principles aud interest due such notes. for which he
was allowed credit and of the debt Of which
such payment made. The sheriff, collector the
other public officer agent who shall thus re-
SHALL payment Of said taxes into the treasury have
credit for the amount due, both ia principle aud
such notes computed up the date Of such settlement
aud no longer "a aforesaid and such notes saI v eOnsld
cred cancelled from the said date Of such endorsement
And no treasury note 50 endorsed with certificate
aforesaid shall be afterwards transferable.
Is The Auditor OF Public Accounts is hereby author
lied and directed to to he redeemed aud paid the
principal ard interest of the treasury notes which ay be
given for money borrowed 10y virtue Of this act at the
several times when the same according to the provisions
Of this act should be redeemed and paid And the said
Auditor is further authorized with the advice and consent
OF tile Governor 20 purchase the aG notes nj Tor the
amount o the principal and interest due at the time Of the
grohss" of such notes And 30 much Of any money In
the treasury not otherwise appropriated as may be nee
esary therefor y hereby appropriated for paying the pu
cipal and interest Of such notes
Z. The Auditor Of Public Accounts Il further author
Jed under tho advice and with the appreciation OF the
Governor to borrow from time 10 time such n b,
may think eSpc,ent and necessary meet the public
engagements the sao o such under par And
no treasury shall be delivered by the Auditor eScep
the receipt Of the Treasurer for the money paid therco
into the Treasury
i 3. The amount Of such notes outstanding NJ ans
one time until the 1T day Of October 1857, shall moi
exceed IN the aggregate 800 in principal after
which date shall be sold aud delivered until tho
amount outstanding is reduced 10 ss0OOOO And alter.
wards during the fsca year. ending September 3d. 1855
the amount outstanding ut any time shall exceed
IN principal the Of 100000. And no more shall b,
sod aud delivered after the close oi the said year unt
the amount outstanding u reduced t. 500, 800 And
Afterwards, during the fiscal year ending September 30
1859 the outstanding any one time shall moi
exceed in principal the said sum II fiOuGOO And after
the day last fn-d, the sale aud delivery o such trasur,
notcs shall wholly cease and determine
. The sad treasury shall De- prepared under ths
diecton ~ The governor aud shall be- signed ON behalf
The commonwealth, by the Treasurer and couutergnct
by the Auditor ~ PubIc Accounts. from time a. tim, r
they delivered ~ the parties from whom money Il
borrowed, aud ~ whuso orlor they ere made pt,ir AND
those Oicer- respectively sa rschcck- upn each other
aud a. secure The pulc safety. Keep rparat f aud &C
cufate accounts of the number date denomination ana
amount Of al signed aud countcrsgnod iy them re
sp"ctvely NJ the Of the persons u, whose or
de- Che said notes scveraly made payable Which
i accounts shall be- carefully preserved and kent on ILL
~ tcr respective offices, and lls0 similar accounts ken
and preserved iu the Of all ti,e nil mott
felcrucj tho .lii b returned and cane lee. -
TIE ArtOr Of Public Accounts shall luther &C ,nnt month
y for all notes delivered to him by the Treasurer 10