The Nevada journal., 1857-06-12


and paying the claims against the State of California
hereinafter specified the Treasurer of State shall caust
to be prepared suitable bonds Of the State of
NOT 30 exceed the sum of three millions nine hundred
thousand dollars, bearing interest at the sever
per cent per annum from the date of their issue payable
at the State Treasurers Office the first day of july
one thousand eight hundred and seventy seven the in
teres accruing said bonds shall be due and PAYABLE
the office of State on the first dav OF
January and of ,uy OF each year: Progided That
first payment of interest shall be made before
first day of January. thousand eight hundred and
fifty Said bonds shall be signed by the Governor
and countersigned 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 bond so that they may be removed without injury
nuJnoeged shaH be signed by the Treasurer of State
See B. It shall be the duty of the Treasurer and
Contr'er OF State each 20 keep separate record of
an such bonds a may be l-sued, showing the number,
date and amount of each bond and to whom the same
was lssued and upon what claim, and its amounts and
none OF the claims herein specified shall be quidated
pad but in the manner herein provided.
Sec T. The Of thousand dollars is hereby ap-
proPated out OF any money in the Treasury other
wise appropriated to pay the expense that be
CURED hy the Treasurer in having bonds prepared
but the Controller shall draw his warrant on the
Ireury lor THIS amount until there money therein to
pay the same
Sec s. All persons having any of the claims against
the State of California entitled be funded hereiaaf-
ter specified shall upon the presentation of fe
the Treasurer Of State receive in exchange therefor
bond or bonds Of the State of California provided
the first section this Act bond shall be issued
for less than five hundred dollars nor for
al parts of hundred dollars but the Treasurer NAV is
sue certificates of such fractional parts not bonded
which said certificates shall be transferable and entitled
to be funded as before provided The Treasurer shall
endorse the back of each claim received and qui
dated, the date on which he received the same and
from whom and the number of the bond issued in
change therefor, and such claim shall be filed in the of
fee Of the cretary of State
Sec g. For the payment within twenty wears of the
principal and interest of the bonds issued under this Act
there shall be levied annually, until the bonds are paid
and promptly collected in the same manner as is srn1ay
foT lin 1a-yS S-1+a 8
thirty cents each hundred dollars of the assessed
value Of real and personal proDertX in tho S,ste 80
the tuud derived from this shall be apart and ap
pied exclusively to the payment of the interest on the
bonds herein provided and the final redemption Of the
principal OF sad bonds, and the faith of the State of
lola Is hereby pledged for the payment herein pro
ded OF the bonds issued by virtue of this Act and the
interest thereon and all moneys that may received
oy the state OF California from the United States Gov
ernent account of the Civil Fund called are here
by revocaby pledged TO the payment the principal
and interest on the bonds issued under this Act will
lu refusal or neglect by Supervisors or any other officer
TO levy or collect the taxes imposed BY this Act shall he
a misdeneanor and the person or persons convicted
thereof shall be removed from office and punished bv
ne NOT exceeding one thousand dollars, by imprson-
ment in the county Jail exceeding six months or hI
both such fine and imprisonment
Sec :. Whenever the first dav of January or TI,.
IN any year there remains after the payment of the in
forest as herenbefore provided surplus of ten thou
ana dollars or more it sha be the duty of the Treasurer
to advertise, for the space of one week in ono dan, 49,
paper published in English, in the city of New York
Tor one month IN one daily newspaper published in
Is. % he
- ~ NJ "Dhth after the expiration of such publica
IONS o the treasurer in presence Of the Governor OF
controller at the State Capital for the surrender of
oonuS issued under THE Act, which advertisement shall
STATE the amount of money he has hand for the pur
pse :" redemption, aud they shall accept the lowest pro
posS al rates exCeeanr par value as may redeem
the greatest amount OF bonds until the amount on
hand Tor redemption is exhausted Droriaed horer in
case suclent amouH; Of such bonds shall rot be offer
Gu ds Aforesaid, to exhaust tEe sinking fnd a
amount th2n ten thousand dollars tilel il is hereby
made the duty of the Treasurer advertise in two
garaoir Nrr W
TINS 7tate for three months which advertisement sha
9Idle 'he amount in the sinking fund and the number of
oIiils numbering them in the of their issuance
- ieh iui'd Is SET apart 30 pay and discharge, and
such oonds So numbered in such advertisements shall
not De presented for payment and cancellation within
three months from the expiration OF such publication
then such fund shall remain the Treasury discharge
sucn bonds whenever presented, but they shall draw
interest after such publication as last aforesaid
Sec. :. The Treasurer Of State shall keep full and
particular account and record of all his proceedings un
der this Act and Of the bonds redeemed surrender
ed and he shall transmit the Governor abstract of
all his proceedings under this Act with his annual
port to be ny the GoyenoF laid before the Legislatures
and all books and papers pertaining the matters pro
vided tor IN this Act shall at Ill times be open the in
specon of any party interested the Governor or the
Attorney General committee Of either branch of the
Legislature. joint committee of both.
Sec @ 1t shall be the duty of the Treasurer to pav
the interest said bonds when the same falls due out
interest fund if sufficient and if said fund be not
sufficient then pay the deficiency of the General
Fund; Pr0rjde that the Controller of State shall first
draw his warrant the Treasurer payable to the or
der of said Treasurer for the interest money
about to become due which said interest 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
troller to attend, least in each month at the
Treasurers office while said bonds being issued to
examine all claims received by the Treasurer afore-
said and cause the be registered Cancelled
in such manner as to prevent them from being ressued
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 under the
Acts in the = -
and lS56, which now outstanding with interest due
the when presented appears by the coupons
Second, Controllers warrants drawn under sanction Of
law, tor civil expenses prior to January first A 1851,
and now outstanding and unpaid, but provisions of
this Act shall not authorize the funding any those
warrants the registration and endorsement of which
cancelled or required to be cancelled 6y the pro-
visions Of An act cancel the regis ration aud in
dorsement of warrants aud prohibiting the nav
ment of the same approved January 3Oth A. D 1856
or warrants which have been specifically adiudged ie
gal by any Court and all said specified in the
last mentioned Act gre hereby expressly excluded from
al the dement's and provisions OF this Act Third, just
or legal claims against the accrued prior to anua
ry st 1871 and which may be allowed and audited bv
~ oI tne legislature And if the Treasurer of State
shall wiuly issue bends upon claims not herein sneci
ned as receivable it shall be deemed misdemeanor and
ne a De punished as provided in of this Act
and such bond shall be void '
Sec - The claims specified in this act NAV be re.
ceived for funding, and bonds therefor may h. isrd
prior to the first day of January Is5g but not affcr
wards; and all claims presented for funding prior to
that time excluded from the provisions of tbis ct
and such blank bonds prepared the provisions of
this Act as shall then remain hand ell DESTROYED
in the presence Of the Governor Controller and Treas
urer.
Sec 13 This Act shall take effect on the first dav Of
November, A d. 1857, all its provisions except
those relating to- and necessary for submission TO tho
people, and for returning. canvassing procaiminr
the vOtes-which shall take effect Immediately
Sec IA This Act shall be submitted to the people of
the state for their ratification next general cleo
tlon to 6e holden on the first Wednesday Of September
A p s4 and the qualified electors of this State shall
at said election, their ballots State officers vote
tor or against this Act those voting for the same shall
write or have printed their ballots the words Paw
the DEBIT and those voting against the same shall
write or have printed their ballots the words Repu
dIate the Debt"
Sec l5 The votes for and against this Act shall
be counted, returned and canvassed and declared in
the same manner and subject to the rIes votes
cast for the Treasurer o State ami ift appear that
maJorlty of all the votes for or agains. 10 law
Aforesaid in favor us Act then the same shall
hat effect hereinbefore provided and shall be ire
pealable until the principal aud interest ofhe liabilities
herein created shall be paid and discharged and the
Governor shall make proclamation thereof; but if a
majority of the votes cast against this Act then
the shall become void.
Sec l6 1t shah be the duty of the Secretary state
to have this Act publ he'd in newspaper eac Ju
dical District Of thsState If be published therein
for three months preceding the general election
be holden upon the first "Wednesday of September next
for which publication greater allowance shall be
made than the rates allowed By law othe State Printer
Approved April 2Sth, 1887.