Oroville daily Butte record., 1857-08-11
LEGAL NOTICES.
tBY AUTHORITY.l
' Ote ON the state Deb (.
OvyIcE or SEcRrraRY OF STATE.
5 scrame nth. California, May 26, 1857.

9 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 ONCE
Witness my hand, and the great seal OF State, at
OF In Sacramento, California the twenty sixth day
of May, A. d. 1887. DAVID F. DOUGLAS.
[srAt.l Secretary OF State.
CHAPTER CCxLIv.
An Act 10 provide for Paying certain Equit-
able Claims against the State Of Califor-
mia, and to contract n Funded Debt for
that purpose.
The P,ople Of the State of California, represented in
S,nate and assembly do enact as foHops:
SECTION For the purpose of liquidniin0 fund
in C. mud paying the claims aqanSt the Stale of Cali
forna, hereinafter specified the Treasurer of State
sha cause TO he prerared suitable bonds OF the State
Of California not exceed the of three iilIions
nine hundred thousand dollars hearing interest AT
the rate Of seven per cent per annnm from the date
of their ISSUE payable at the State Treasurers Office.
on the fr.t day of July. one thousand eight hundrtd
and Sc enty.sevrn: the interest accruin2 on s,id
bonds shall he due and PAYABLE at The ONCE of the
Treasurer of State on the first day Of January and of
July Of each PrOrided That the first payment
Of interest ehall not be made before the first day of
la nary. one thousand eight hundred and fifty nine.
Snid bonds shall he siened by the Governor, and
colniersignpd by the Comptroller. and end"rsed by
the Secretary Of State, and shall have the seal OF the
Snie alike thereto
SEC Q Coupons for the interest shall be a'tached
injury or muiiistion to ihr bond. Said coupons con-
secntivey numbered shall be signed by the Treas
urer Of state.
Sec. 8. 1t shall be the duty Of the Treasurer and
Comptroller Of State each TO keep separate record
# Nil such bonds rs may be Issued. showing the
number. date and amount of each bond, md To
whom The same was issued. and upon what claim,
and its amount: md note of the Gains herein spe'
Gifted shai be liqudated or paid but III Inc manner
herein provided.
Sec a. The sum If one thousand dollars ia hereby
n pr0priated out Of any money in the Treasnr, not
Otherwise appropriated o pay the expense that may
be incurred by me Treasurer in having said bonds
prepared but the tOmpirpller shall not draw his
warrnnt on The Treasury for this amount until there
is Toney therein to pay The same.
Sec All persons having any of the claims agrlnst
the State of California entitled Ia he funded as here
nafttr specified shall, upon The presentation "f the
10 ;ne Treasurer of the state, receive in ex-
change therefor n bond or bonds OF the state ni
California provided for in The frat sesiiin of this
Act: hut no bond shall re is.u,d for less sum Than
nve hundred dollars. nor fer fractional pnris OF
hundred dUllar-, but the Treasurer may lsSte Ger
tihcnies u such fractional parts not bonded. which
said ceriifc shall be TRANSFERABLE and entitled Ia
he funded as before provided The Treasurer shall
endorse, on the hack OF each Claim received and
lquidaied the date which he received the same.
and from whom. and The number q The bond issued
in exchange thereto and such calm shall Oe hled III
the Office Of the Secretary OF state.
Sec d. For the pay ment within twenty years of the
principal and interest oi the bonds issued under his
a.. ~.
nre paid and promptly collected in the manner
M is or may he provided by law for ordinary State
taxes tax of thirty Cents on ench onr hundred dol
lars of the assessed value ,t real and PERSONAL pro-
pert, IN he sialp. and the fund derived from Ibis
lux shall be set apart AMI applied exclusively Ia the
payment ot the interest the bonds herein provid
t, and he final redemption OF The principal af said
bonds aud the faith Of the State nj fallior IA !.
hereby pledged for the raymtnt as herein pr r'vded
of The bonds issued by virtue of Ills Act. aud lhe in
tresl thereon and all moneys that may he received
by the Stale of California i't m The United Stnies
Government on account OF the tivil FUND.- 40 called
nre hereby rrevornbly plrdsed to the pay mtnt Of
the priv Gil nj and nirres the bonds issued under
this Act wiltml refusal ar neglect by supervisors
or nny her officer 10 lrvy collect the tax imposed
by this Act. shall be a mtenearor and the person
ar persons convicted thereof shall be removed from
ofc. ard punished hy fnr not exceeding one thou
sand dollars. or ny imprisonment in The county lhi
NOT exc rdiu9 six months, or by both such hbe ana
imprisonm nt.
Sec 7 Whenever. on the first dav Of January or
Jul, IN any YEAR there remnns after the payment of
the interest as hereinafter prOvid' Il. surplus of tn
thousand dollars ore, I hall he The 'lu'y of the
Treasurer 10 advertise for The space o one week III
.ne dniy paper pub shed in English. Il, TIE city NJ
New York. Bnl IUr one month in one daily nrwspa-
o. published in Engirh nj the state capital. Tor
| sealed proposals. to b" openei one month after the
OK piraliOn ot such publications by The Treasurer, IN
presence The Govern'r comp roller ht The state
Capital for The surrender of bonds issued under this
Act, which advertsrmei shaii stale the amount of
money ne mas bii tHtiu pt'H.
and they shall ncept The iuwrs proposals, nt rates
eding par value IA may redeem ''r gr'aesl
amount ut bOniis until the amour Oi cash oI hand
for redemption is exhausted Jrprtded, holperer, IN
case n sufficient amount 1T such bonds Shall moi be
offered aloresat to exhaust the sinking fund To
less amount than ten thousand dollars. then u IL
hereby made the duty oi the Treasurer Ia advertise
in two pBptrs. one IN New YORK and nDt AT the
Capita of the state, for hrte months, which adver-
i-emenls shall state In. ounl III the sinking fund
and the number at bonds numbering them IN thu
urdtr of their Instance. VIII ch such fi Is set apart
| TO my and discha ~ and II shch bonds. 50 mum
b in stch advertiser ents. shall not be presented
Ter pay yment and careegbitiOn within three months
from The exutrnon ot such punlicalioI then such
fand shah r. aain n the Treasury 10 discharge such
bonds whenever pre%'nud-bW they shall dra" no
ip,rrs, after sach puhiisa'iU last aforesaid.
SEC. =. The Trrasu-' 81 slate shil Keep tnlI ana
particular account and Record ,d al his proceedings
lnd-, this Act. and uf the Dou,> redeemed ard sur
rendered. md he shall Iran mi, 10 The Governor an
ab>rac; of al his pro erfli;'ss uhu@r Ihis Act with
his annual rrInrt, 10 be- iy the Governor laid before
the iegslaInre ant an ho"Ss and papers perrain-
irg luhe matc- provided for in his 'c shall ut all
n - bs open he iuspf CtlnU ot pa ~ interest
.tI ar he Gov. mot ar the Attorney General.
committee of sl,ter tr.Ech OF tae leg stature or
lolnt inittee 90 both.
SEC O. II shall b. the du'v Of the Treasurer tn nay
III. ini,rt>i t,n sad hppcs vhru Pc same ~ due
ni ~ >ald uteres nmd it -ti rf, and II sad fund
tie u Sufficient. th4n tu ft me deficiency out or
the Genera Fund. gr7r.ara that ttt conpiroller ot
pnyahie ioiht oreT so sij Treasurer tor the nmon:'i
ta Interest money abuui ht come jue, which said
lnissrS warrant shat. he drawn e. least cne month
previous IL he maturing of lmo interest,
| SCI. No. ~ shall be iht dJiy oi tar Governor and
Com ptroier Ia attend, d it, at once II each mon.h.