Oroville daily Butte record., 1857-08-03
LEGAL NOTICES.
IBY AUTHORITY.l
V Ote on the state Deb T..
0FFICE or SECRETARY OF STATE.

IN DAVID F. DOUGLASS. SECRETARY OF
State of the State Of California do hereby GER
tiy that the annexed is true and correct copy OF
the original Act now on file in my Office.
Witness my hand, and the great seal of State, ut
OF in Sacramento California the twenty.sxth day
of May, A. d. 1857. DAVID F. DOUGLAS.
[sEAL.l Secretary of State
CHAPTER CCXLIV.
An Act to provide for Paying certain Eduit-
able Claims against the State of Califor-
MIA, and to contract Funded Debt for
that purpose.
The People of the State of California. represented in
Senate and Assembly. do enact as foRoos:
SECTION l For the purpose of hquida,ing, fund
ing, and paying the claims against the state Of Cali
fornia, hereinafter specified the Treasurer of State
shall be prepared suitable bonds of the State
of California, not To exceed the sum of three millions
nine hundred thousand dollars, bearing interest at
the rate of per cent per ann,im from the date
of their issue. payable at the state 1reasurers Office,
the first day Of July, one thousand eight hundred
and se"enty-seyen: the interest accruin2 on said
bonds shall he due and payable al the Office of the
Treasurer of State on the first day of january and of
July of each wear: Pr0rided That the first payment
ofintprest shall not be made before the first dLy of
ia nary, one thousand eight hundred and fifty nine.
Said bonds shall be signed 10y the Governor. and
countersigned by the Comptroller, and endorsed by
the Secretary of State and shall have the seal OF the
State affixed thereto.
sec. =. coupons Tor the interest Slhll Dt hthcnPu
to each bond so that they may be removed without
injury or mutatiOn to the bond. said coupons. con-
secuively numbered. shall be signed by the Treas
urer of State.
Sec. g. Il shall be the duty of the Treasurer aud
Comptroller OF State each 10 keep separate record
# all such bonds may be issued, showing tho
number date and amount of each bond, and to
whom The snme was issued. and upon what claim,
and its amounts and none of the cai'ns herein spe-
Gifted shall he liqu.dated or paid but in the manner
herein provided.
Sec. a. The sum Of one thousand dollars is hereby
appropriated out OF any money III the Treasury not
otherwise appropriated To pay the expense that may
be incurred by the Treasurer in having said bonds
prepared. but the Comptroller shall not draw his
warrnni on the Treasury for this amount until there
is money therein to pay the same.
Sec. All persons having any of the claims against
the state of California, entitled TO he funded as here
inaEer specified, SHALL upon the presentation at The
same to the Treasurer of the State. receive in ex>
change therefor bond or bonds of the State Of
California provided for in the first session Of this
Act but no bond shall be issutd for less sum than
five hundred dollars. nor fer fractional parts of Il
hundred dollars, but The Treasurer may issue GER
tiicaies OF such fractional parts not bonded which
said cerfcsos shall be transferable aud entitled to
be funded as before provided. The Treasurer stall
endorse, on the hack of each clnp so received and
hquidned. the date On which he received the same.
and from whom. and The number Ct The bond issued
in exchange thereto" aid such claim shall ue filed IN
the office Of the Secretary of state
Sec q. For the payment within twenty years of the
principal and interest of the bonds issued under this
Act. there shall he levied annually. until the bonds
nre paid, and promptly coecedin the sam manner
IA is or inay be provided by law for ordinary State
taxes tax of thirty cents on each one hundred dol
lars of the assessed value Ct real and personal pro-
pcrty in the state, ana the fund derived from this
lax shall be set apart AMI applied exclusively TO the
pnynent of the interest the bonds herein pr0Vid-
ed and the final redemption OF lhc principal Of said
bonds and the faith Of the state Uf taiiiOr IN il
hereby pledged for the payment IA herein provided
of the bonds issued by virtue this Act and the in
al mn il,lt M he XpI
by The State of California from Tie United States
Government on account ui the Civil Fund.- so caIIed.
are hereby irrevocably plod@ed to the payment OF
the PRINCIPAL and interest on the bonds issued under
this Act A wiiful refusal ar neglect by Supervisors
or any Other officer 20 levy collect the tax imposed
bv this Act, shall be m>demeanur ard tie person
or persons convicted thereof shall be removed from
Office and punished by fine not exceeding one thou
sand dollars, by imprisonment in the county jail
not exceeding six months, or by both such hIe and
imprisonment.
Sec. T. Whenever, on the first day of January or
Juy i'm any year. there remains after the payment of
The interest as hereinafter provided. surplus of ten
thousand dollars ore. t shul be the duy Of the
Treasurer To advertise for The space OF one week III
one daily paper published III tnGHsr' ~ thc cry oi
New York, and for one month IN one daily ne"spa-
per published in English at the state Capital. Tor
sealed proposals. 90 be opened one month after The
expirali0n Of such publications by the Treasurer, in
presence uf The Governor or Comp roller, a the STATE
Capital for The surrender Of bonds issued under this
Act, which advertisement shall state the amount OF
mo;ey he has OH hand for the purpose Of redemption.
and lhcy shall accept the loves proposals, at rates
not exceeding par value rs may redeem The greatest
alnount OF bonds until the aWoun' o cn>h on hand /
Ter redemption Is exhauscd 7r1rfdei, holrereT, IN
case sufficient amount "l slch bonds Shaii rot De
offered, - aforesaid 10 eXnalst The SinS,n9 tuEd To
less auuuut than ten thousand dollars then II u |
hereby mado The duty o toc Treasurer to advertise |
In two newspapers. 0uc In New York and one at the |
CAPITAL uf The S'ae, for hrcc months which adVer-
ti,cmens shall state th pant IN the sinking fund
md the number of bonds numbering tiea in tho |
order OF their issuance, ch such fund set apart
to nav and dis charge; and II shch bonds, ~ mum
ber,d in such advefscu eats shall not be presented
for payment and cancellation within Three months
from the expiration OF surh publications lheh such
Giud shall r. main in the Treasury 10 discharge such
bnrds whenever presrntcd--but they shall draw no
interest after such publication ~ last aforesaid
Sec. g. The Treasu-er oi state shall keep full and
particular account and record OF ali hls proceedings
under this Act. and Of Tie bonds redeemed and sur
rendered ,nd he Shall mil 10 The Governor an
abstract Of all his Proceedings unueF ihls Act win
his unnual report 10 be by the Governor ild before
the LEGISLATURE and alt BOOKS ana papers pertain
ing TO he matters provided tor in s act, SHAH ut all
times he open to he inspt cun Cf any pa ~ interest
ell or the Goqeinor. or the Attorney General. or
committee of either trauch of the Leg stature, or
joint committee Of both.
Sec 0. II shall be the du'v oftNN r" rr' nay |
;hc interest 90 said ht-e .t' ''Hf |
uai OF said ptefcs t.3a, it .-t f'" ,n -'t rm
be not sl.icjett. thea lo res iu l "'
the General Nunl; pftr't t"'i " Ii r' % |
State shall first draw mss ~strtt's o." t. So z.
payable to the 0rdtf el sa.l if',saf Z" q,
OF interest mOav5 ablg5 ID ea.e.. s.tl r-itf ii
interest warrant shHt re +'t" a- i+t
preyious to he uiH ai,ng a.. ta1 ...t+t
Sec, III. II shall he ihC Is ut ' az"
Comptroller To attend al p 2. nh't 10 a =" u |
at the Treasnrcr's Cf' I'd. whie si h.flt- ,.t ..Ag
issued. to exsmiue ga cians f.e.lfc'. re
surer rs aforesaid. aad cats taa -a;- S'@
tered and cancelled as such IHahati h e''