The Nevada journal. [volume] (Nevada City, Calif.) 1851-18??, 1857-08-14
Legal advertisements.
Published By Authority,
"A N ACT

Inc feopte Of the State of California, represented
Senate and assembly, do enact folors
SECTION l. For the purpose of liquidatng funding
and paying the claims against the California
hereinafter specified the Treasurer Of State shall
be prepared suitable bonds of the California;
not TO exceed the of three millions nine hundred
thousand dollars, bearing interest the of
per cent per from the date of their ISSUE payable
at the State Treasurers office the first day Of July
thousand eight hundred and seventy seven; the in
terest accrung on said bonds shall be due and payable
at the Office of the Treasurer of State the first
January and of July Of each year. Prorded That the
first payment of interest shall not be made before the
first day of January thousand eight hundred and
fifty nine Said bonds shall be signed by the Governor
and countersigned by the CONTROLLED and endorsed by
the Treasurer of State and shall have the seal
State affixed thereto.
Sec Coupons the interest shall be attached to
each bond that they may be removed without injury
or mutation the bond Said coupons consecutiyelv
numbered. shall be signed by the Treasurer of State
Sec. 3. 1t shall be the duty of the Treasurer and
Controller of State each to keep separate record of
all such bonds may be issued, showing number
date and amount of each bond and to whom the same
issued and upon what claim, and its amount; and
none of the claims herein specified shall be iquidaed
paid but in the manner herein provided.
Sec T. The sum of one thousand dollars is hereby APP
propriaed of any in the Treasury not other
wise Appropriated to pay the expense that may be
CURED by the Treasurer in having said bonds prepared
but the Controller shall not draw his warrant on the
Treasury for this amount until there is money therein to
paw the same.
Sec s. All persons having any of the claims against
the State of California entitled to be funded herenaf
ter specified, shall upon the presentation fe same to
the Treasurer of State receive in exchange therefor
the first section of this Act but bond shall issuon
for less than five hundred dollars fractional
al parts of hundred dollars but Treasurer NAV
certificates of such fractional parts not bonded
which said certificates shall be transferable and entitled
be funded befere provided. The Treasurer shall
endorse on the back of each claim so received and qu
Dated the date which he received the same. and
from whom and the number of the bond issued in ex-
change therefor and such claim shall be filed in the of
fee of the Secretary of State.
Sec. g. For the payment within twenty wears of the
principal and interest the bonds issued under this Act
sl1a ha laNip Tho hon
and promptly collected in the same is or may
be provided by law for ordinary State taxes tax of
thirty cents each one hundred dollars of the
value of real and personal property in the
the fund derived from this tax shall be apart and APP
piled exclusively to the payment of the interest the
bonds herein provided and the final redemption of the
principal of said bonds and the faith of the State
forna is hereby pledged for the payment herein pro-
vied of the bonds issued by virtue of this Act
interest thereon and all moneys that be received
by the State of California from the United States Gov
the Civil Fund.- called are here
by rrevocaby pledged the payment the principal
and interest the bonds issued under this Act Will
full refusal or neglect by Supervisors any other officer
to levy collect the imposed by this Act shall
a misdemeanor and the person persons convicted
thereof shall he removed from office and punished by
fine not exceeding thousand dollars by mprison-
in the county Jail exceeding six months or by
both such fine and imprisonment
See. I. Whenever the first day of January July
in any year, there remains after the payment in
forest, herenbeore provided surplus of thouS-
and dollars it shall be the duty of the Treasurer
to adversefor the space of week in daily news
paper published in English, in the city of New York
and for month in one daily newspaper published in
English the State Capital for sealed proposals to be
opened month after the expiration such pubca-
tons by the Treasurer in presence of the Governor
Controller at the State Capital for the surrender OF
bonds issued under thic Act which advertisement shall
state the amount of money he has hand for the pur
pose of redemption, aud they shall accept the lowest pro-
posas at rates not exceeding value may redeem
the greatest amount of bonds until the on
hand for redemption is cxhausted prouided hOrerer in
case sufficient amount of such bonds shall offer
ed as aforesaid, to exhaust the sinking fund less
amount than thousand dollars then it is hereby
made the duty of the Treasurer advertise in two
newspapers one in New York and one at the Capital OF
this state, for three months, which advertisement
the amount in the sinking fund and the number of
bonds numbering them in the Greer of their issuance
which such fnd Is set apart to pay and discharge, and
if bonds, numbered in such advertisements shall
not be presented for payment and cancellation within
three months from the expiration of such publication
then such fund shall remain in the Treasury discharge
such bonds whenever presented but they shall draw no
| interest after such publication last aforesaid
| Sec < The Treasurer of State shall keep full and
particular account and record of all his proceedings an
der this Act, and OF the bonds redeemed surren
ed and he shall transmit to the Governor abstract of
all his proceedings under this Act with his annual re-
port to be by the Governor laid before the legislature
and all books and papers pertaining the pro-
vied for in this Act, shall all times be open the in
specton of party interested, the Governor
Attorney General committee of either branch of the
| Legislature. or joint committee of both.
Sec g. 1t shall be the duty of the Treasurer to pay
the interest said bonds when the falls due out
of said interest fund il sufficient and if said fund he not
sufficient. then to pay the deficiency of the General
Fund Proridef that the Controller of State shall first
draw his warrant the Treasurer payable the or
der of said Treasurer for the interest money
about to become due, which said warrant shall
be drawn at least one month previous to the maturing
| of the interest.
Sec TO- 1t shall be the duty of the Governor and Con-
troler to attend, at least in each month the
Treasurers office while said bonds being issued to
examine all claims received by the Treasurer as afore
said and cause the to be registered Cancelled
in such manner as to prevent them from being reissued
! o. put in circulation.
Sec. IL. The following are specified as the claims
which are entitled to be received and funded under this
Act: First, Civil bonds of the issued under the
funding Acts passed in the years 1851 1882 1853 1855
and 1856, which outstan ling with interest due
on the same when presented appears by the coupons
Second Controllers drawn under sanction of
law for civil expenses prior to January first D. 1857.
and outstanding and unpaid the provisions of
this Act shall not authorize the funding any of those
warrants registration and endorsement of which
cancelled required be cancelled by the pro-
visions of An Act to cancel the registration and in
dorsemen of certain warrants, and prohibiting the pay
ment of the same, approved January Both, A D. 1856
warrants which have been specifically adudged lie
gal by any Court and all said warrants specified in the
last mentioned Act are hereby expressly excluded from
all the benefits and provisions of this Act Third Just
or legal claims against the State prior to Janua
ry lst 1857, and which may be allowed audited by
Act OF the Legislature And if the Treasurer of State
shall willfuy issue bonds upon claims not herein spec
ned as receivable it shah be deemed misdemeanor and
ne sha De punished as provided in of this Act
| and such bond shall be void.
Sec. II The claims specified in this Act nav be re-
ceyed for funding, and bonds therefor NAV be issued
prior to the first day of January, 1852 but not after
wards and all claims not presented for funding prior TO
that time, excluded from the provisions of this Ac.
and such blank bonds prepared under the provisions of
this Act as shall then remain hand shall be DESTROYED
in the presence of the Governor Controller Treas
4
Sec - This Act shall take eec. first day of
November A D. 1857. o all its provisions EXCEPT
those relating TO, and necessary the
people and for returning, canvassng and proeiaming
the votes-which shall take effect Immediately
Sec. a. This Act shall be submitted to the people of
the State for their ratification, the general cleo
ton, to bo holden the first Wednesday September
A D. 1857 and the qualified electors State shall
at said election, their ballots for officers
for or against this Act; those voting for the same shall
write or have printed their ballots the words Paw
the Debt and those voting against the same shall
write or have printed their ballots the words Repu
date the Debt"
Sec ID Thevotes cast for and against this Act shall
be counted returned and canyassed, and declared in
the same manner and subject the rules votes
cast Tor the Treasurer of State AMI lift appear that
majority of all the votes for against this law
as Aforesaid or in favor Of this Act then the shall
have effect hereinbefore provided and shall be ire
pcalabe until the principal and interest ofthe liabilities
herein created shall be paid and discharged the
| Governor shall make proclamation thereof; but if a
majority of the votes cast against this Act then
| the shall become void
Sec To- 1t shall be the duty of the Secretary State
to have this Act publ he'd in per in each J
dcia District of this STATE if be published therein
for three months preceding the election to
be holden upon the first Wednesday September next
for which publication, greater allowance shall be
made than the rates allowed by law tothe State Printer