The Nevada journal., 1857-08-28
Published by Authority.
A N act


Tie People Of tie STATE of California represented in
Senate and 4ssersbty, do enact as toto'rs.
SECTION l. For the purpose of Hqui1ating, funding
and paying the claims against the State of California,
hereinafter specified the Treasurer of State shall
TO be prepared suitable bonds of the State of taornia,
TO exceed the of three millions nine hundred
thousand dollars bearing interest ut the rate of
per cent ucr anum from the date their issue payable
State Treasurers office the first day Of July
thousand eight hundred and seventy seven the in
terest acerupg said bonds shall be due and payable
the Office of the Treasurer of state the first day of
January and Of July Of each year. Prortded That the
first payment Of interest shall not be made before the
first day of January, thousand eight hundred and
fifty nine. said bonds ST all be signed by the Governor
and countcrsigned by the Controller, and endorsed by
the Treasurer OF state and shall have the seal of the
State affixed thereto.
Sec . Coupons for the interest shall be attached to
each bonl that they may be removed without injury
mutilaton the bond Said coupons consecutively
numbered shall be signed by the Treasurer of State
See. J. II shall be the duty OF the Treasurer and
Controller Of State each to keep separate record of
all such bonds as may be issued showing the number,
date and of each bond, and to whom the same
was issued, and upon what claim aud its amount and
of the claims herein specified shall be quidated or
paid but in the manner herein provided
Sec T. The sum of thousand dollars is hereby ap-
popratet out Of any li,'t III W - - - i,
wise appropriated TO pay inc expense tiat nt pe N
CURED y the in having said bonds prepared
but the Controller shall not draw has warrant on the
Treasury for this amount until there Is money therein TO
paw tine
See 3 An persons having any Of the claims against
the State OF California entitled 90 be funded as hercnaf
ter specified shall upon presentation of fhe same to
the Treasurer State receive in exchange therefor
b1n5 or bond. Of the State of California, provided in
The fist section of this Act but bond shall he issurn
for less sum hundred dollars for fractional
al parts of hundred dollars but the Treasurer may is
sue certificate. of such fractional parts not bonded,
which said certificates shah be transferable and entitled
To be funded before provided The Treasurer shall
endorse the back of each claim received and qui-
Dated the date on which he received the same ana
from whom and the number Of the bond issued in ex-
therefor and such claim shall be filed in the of
fee of the Secretary of State.
Sec 6 For the payment within twenty years of the
principal and interest OF the bon Is issued under TINS Act
there shall be levied annually, uni the bohiS are pdI
and promptly collected in the same manner as Is or may
be provided by law for ordinary State taxes tax OF
thirty cents on each hundred dollars of the assessed
value of real and personal property in the State and
the fund derived from this shall be set apart and ap-
piled exclusively to the payment OF the interest on me
bonds herein provided and the final redemption of the
principal said bonds and the faith OF the State OF al
iormi Is hereby pledged for the payment As herein pro
Viied of the bonds ssued bv virtue Of this Act ana the
interest thereon and all moneys that may be received
by the of California from the United states Gov
ernme1 account of te Civil Fun called are here
by irrevocahiy pledged to the pa! eht OF me pfclpSi
AMI interest the h'ats issued under TINS ACT y VIII
f1 refusal neglect 10y Supe visor or any ofief "ler
FL levy collect the tlN~, imposed by TINS Act sAl De
g. 1nisl,mranor and the person persons convicted
lh-reo shall he removed from office ana punished by a
fe not exeeenr one thousand dollars, by imprson-
in the county Jail mt exceeding SIX months or b.
IN sGch huc AMI imprisonment
j. any wear remains after the payment of the ill.,
herciubefore provided, surplus OF ten thons-
aud dollars it shad be the duty "f the Treasurer
paper Published in English IN the city OF NV ork,
ana for one month in daily NEWSPAPER published IN
English the State Capital for scaled proposals to be
opened month after the expiration OF Sach puoca
tons BY the Treasurer IN presence OF the N"r!of OF
Controller at the State Capital, for the surrender OF
bonds issued under THE Act, which adE ertlsele sha
the of money he has on hand for the pur-
pose redemption aud they shall accept the lowest pro-
posals, exceeding par value as may feaeen
the greatest of bonds until the amount OF cash on
hand redemption Is cXlauStcd pr0Utded R0NeUcT IN
case sufficient amount such bonds shall not be offer
"A os,rn atd ny1au 81 ne
amount than ten thousand dollars, then it is hereby
made the duty of the Treasurer to advertise in two
nevvspa pcrs in New York and Mt the atal OF
this State for three months which advertisement shal
the sinking fIni and the number Of
bonds numbering them in the or er of thelr issuance
which such fund Is set apart to pay ana aeuas 80 an,
such bonds numbered in such Advertisements shall
not be presented for payment and eanceliaton within
three months from the expiration OF such puDhe,iuoh
then such fund shall remain in the Treasury to discharge
such bonds whenever presented but they sha draw no
interest after such publication As last aforesaid
See. :. The Treasurer of State shall keep tull and
particular and record of all his proceedings I'M
der this Act and of the bonds redeemed and surrender
ed aud he shall transmit the Governor an abstract OF
al his proceedings under this Act with his annual re-
port be by the Governor laid before the Legislature
all books and papers pertaining TO the matters pro
vided this Act shall at all times be open to the m
spection any party interested the Governor or the
Attorney General committee OF either branch OF the
Legislature 4 joint committee OF both
Sec 1t shall be the duty of the Treasurer to pay
the interest said bonds when the same fails due out
of said interest fund il sufficient and IL said id ne MOI
sufficient then pay the deficiency out of the General
Proride that the Controller of State shall first
draw his warrant the Treasurer payable to the or
said Treasurer for the of interest money
about become due which said interest warrant shall
be drawn at least month previous to the maturing
See TO- 1t shan be the duty of the Governor and Con-
troeS attend, at least once in each month at the
Treasurer Office while said bonds are being issued to
examine all claims received By the Treasurer as afore
said and the TO be registered and Cancelled
such TO prevent them from oeis relssueu
put in circulation.
Sec H. The following are specified as the claims
which entitled to be received and funded under this
Act: First. Civil bonds OF the State issued nnasf me
funding Acts passed in The years 1851 lS72 Ie95 Ic
aud 1856 which ale now outstanding with interest dut
the when cnted appears by the coupons
Second Controllers drawn under sanction o.
law for civil expenses prior to January first, y d. 1871
and outstanding and unpaid, nut the provisions OIL
this Act shall authorize the funding OF any OF those
warrants the registration and endorsement of which
were cancelled repaired be cancelled by the pro
visions of Act cancel the registration aud in
orsemcnt of certain warrants aud prohibiting the pay
rnent Of the same anproyed January Both 4 d 1855
or warrants which have been specifically aludged lille
gal bv any Court and all said specified in the
last mentioned Act hereby expressly excluded from
all the benefits and provisions of this Act Third, just
legal claims against the State accrued prior to Janua
~ ist 1857 and which may be allowed and audited by
Act Of Legislature And il the Treasurer Of State
shall wifuly issue bonds upon claims NOT herein speci
fed receivable it shall be deemed msdemeanor auc
ne shall be punished provided in section Of this Act
aad such bond shall be void.
Sec 10 The claims specified il this Act may BE- re
celved for funding, and bonds therefor may be ISSUED
prior to the rst day Of January le9, but not after
wards and claims presented for funding It
that time excluded from the provisions of this Act
and blank bonds prepared under the provisions
this Act As shall then hand, shall be destroyed
in the presence OF the Governor Controller and Treas
urer
Sec b. This Act shall take effect on the first day o
November. A. D. 1851. all its provisions, eXcep
relating and necessary for its submission 10 TN
people, and for returning canvassing and pFoclalnn
the vOtes-which shall take effect immediately
Sec a. This Act shall be submitted to the people o
the State for their ratification the next general cleo
ton TO be holden the first Wednesday of September
D. 1857 and the qualified electors OF this State, shall
At said election their ballots for State officers, vo
for or against this Aet those voting for the same, sha
write or have printed their ballots the words Pa,
the Debit" and those voting against the same, shal
write or have printed their ballots the words Repu
date the Debt
Sec Is Thevotes cast for and against this Act shall
he counted returned and canvassed and declared, II
the same manner and subject to the same rules As vote
east for the Treasurer of State and II appear that
majority of all the east FOR or against this av
aforesaid or in favor of this Act then the same sal
have effect as hereinbcore provided ana shai oe N
e,la bic until the principal and interest 1.-THE aoiIl
herein created shall be paid and discharged ana IN
Governor shall make proclamation thereoi put II
,irtv of the votes east against this Ac, tnel
tbe same shall become void
Is. 1t shall be the duty of the Secretary Of stat
+ohave this Act published in newspaper IN eaeh Ju
dcia District of this State if one be published therein