Oroville daily Butte record., 1857-06-29

Witness my hand, and the great seal of State NJ
on in Sacramento, California. the twenty. day
Of May, A. D. 1851. DAVID F. DOUGLAS.
[sEALl Secretary Of State.
CHAPTER CCXLIV.
An Act to provide for Paying certain Equit-
able Claims against the State of talifOr-
MIA. and to contract Funded Debt for
that purpose.
W Pea2i Of :Ae Stat r. CaAfrnj~ ~syTss+sitd ~
S'ntie ami .1ssembly. do enaot as touons:
SkcrloS For the purpose of bquidating. fund.
ing, and paying the claims against the stale uf Cali.
fornia hereinafter specified. the Treasurer NJ Staje
shall to be pre AIRED suitable bonds o! the state
Of California, not 10 exceed the sum OF thrce millions
nine hundred thousand dollars, bearing interest AT
the rate of seven per cent per annhm from the date
OF their ssue payable ut the state Treasurer- Office,
on the ir day Of July. one thousand eight hundred
and Sc enN seven: the interest aCcruiuc on slid
bonds shall be due and PAYABLE al the Office of the
Treasurer Of State the first day Ut January and Of
July Of each YEAR PrOrded That the first pay yment
ofnt"rest shall not he made before the first day Of
ia uary. one tholsand eight hundred and hity nine
! Said bonds shall te signed 10y the Guvtrnor. and
! countt rsgnrd by the CGmproier. and endorsed by
the Secretary Of state, and shall have the seal OF the
| State alike thereto
Sec >. Coupons for the interest shall be attached
to each bond so thar hey may be removed without
injury or muulItlou 10 the bond. SAID coupons con-
~ecUtiycly numbered shall be signed 10y the IreAs-
| urtr Of STATE
|
COMPTROLLER OF State each 10 keep separate record
| # all such bonds may be issued. sh Dwihg the
number. date and amount of each hond and tu
/ whom he same was issued. aud upOu what claim,
aud IT. amount; ard none of the cai'DS herein spe.
rit"d shall be- liqu.dated or paid but III the manner
| herein provided.
| See :. The sum Of one thousand dollars i hereby
al proprlatd ont OF any money IN the Treasury nol
otherwise appropriated to pay the expense that may
! be iucurrcd by he Treasurer in having said bonds
prepared, but the Comptroller shall not draw his
warrant ON the Treasury for this amount unul there
! is money therein 10 pay the same.
Sec All persons having any Of the Claims against
the state of California entitled To be funded rs here
inafcr specified, shall upon the presentation at the
same to the Treasurer OF the State, receive IN eN,
change therefor bond or bonds of the Stale of
! California provided for in The first sesi N OF this
Act; tut no boud shall be ssu, d for less sum than
I tive hundred dollars. nor for fractional paris of
hundred dullars, but the Treasurer may issue GER
tldcHtes al such fractional parts not bonded which
said cerfc les ehali be transferable ard ertted To
! be- funded MS before provided The Treasurer snail
cndnfSr on the hack of each claim 80 received and
Iiuui!nted. the date or which he received the same.
AMI from whom. and the number t the bond ISSUED
IN chauge thereto. AID such claim shall nc hled III
! the office Of The Secretary of state.
Sec Is. For the payment withn twenty years OF the
principal and interest of the bonds issued unlcr this
Act, there shall be levied annually, until The bond,
are paid, and promptly collected III the sam manner
NJ is or may he provided by law for ordinary state
taxes, tax of thirty cents on each one hunlred dol
lars of the assessed v,lue Ct real and personal pro-
pertV IN the state, and the fund derived from hS
tax shall be set apart AMI applied exclusively To The
payment OF the interest on the bonds herein proNd.
ed. and The final redemption OF The principal o said
bonds and The taith of the State of CalilOr IA y
hereby pledged for the paymtnt rs herein provided
of the bonds issued by virtue Of this Act, and the III
trres thereon and all moneys that may be received
/ by the State of California from the United States
Government account oi the Civil Fund, 80 called.
ure hereby irreNo,aby pledged To- the payment Of
the prncl pal and interest the bonds issued under
this Act wilfui refusal or neglect by supervisors
or any olher officer 10 lvy or collect the tax imposed
by this Act, shall be misdomeanor aud the person
or persons convicted thereof shah be removed from
office and punished by fine not exceeding one thou
sand dollars or by imprisonment IN the county jail
not exc ediug six months, or by both such !nc and
/ imprsonm' Mt.
Sec.7 Whenever, on the first dav Of Jsnuary or
July in any Az There YrmHns. alter the payment of
the inlert - IA hereinafter prOVNtd, surplus of ten
/ thousand dollars or ore, shall be IL" dWy ot the
Treasurer - advertise for tie space of one week in
one daIly paper published IN English, la the city u
New York, and tor one month IN one daily hewspa-
p,r published in EpgIish at the static capital tor
sealed proposals. to H. opened one month after the
expiration OF such publications by the Treasurer, IN
PRESENCE Of The Governor comp roller at the state
capital for the surrender of bonds issue" under this
| Act, which advertisement shall state the amount of
money he has hand for the purpose Oi redemption,
and they shah accept the loves proposals, 1T rates
no, exceeding par value may redeem the greatest
amount Ot bOnds until the HWunn' oi cash on hmd
for REDEMPTION is exhausted: jr3cif'G, howcrer. IN
"A sufficient
offered n. afuresai to exhaust the sinking fund to
less amount than ten thousand dollars, then il is
hereby made the duty OF thc Treasurer to advertise
in TWO new papers. one in New YORK and one at the
Cnpita of the state, for hree months, which Hdver-
tisrments shall -tae the amount in the sinking fund
and the number of bonds numbering them IN the
order of their issuance, ch such TN Is set apart
to nay and discharge: AMI If sdch bonds, so mum
bcrd in such advertiser euts, shall not be presented
for payment md cancellation within three months
from The expiration OF such publication, then such
fund shall remain in the Treasury To discharge such
bonds whenever pre.entcd-but they shah draw no
interest after such publication aS last aforesaid.
Sec. 4. The Treasurer Ol State shall Keep fill md
Doricular account and record of all his proceedings
under this Act, and Of the bonds redeemed aud sur
rendered. nd he shall transmit to the Governor a.
abstract of nj his prpNeedngs uuer Tins Aci. VIII
his animal report, 10 be 10y the Governor idid bet 'r
the Leg stature md all books and papers pertain
ing to the matters provided for IN this Aci shall h all
times be open 10 he insp cion of any pa " interest
ell, or the Governor, or 'he Attorney General, or
committee Of either tTOnch OF the Leg stature, ora
; ioint conmiltee ot both. ...-...
Sec O. II shall be the duty Of the Treasurer to pay
| he interest on said bOnds when the same lis due
udt of aid ineres fund II sufficient ah II sah fdhd
he n,t aficient. then TO pay the deficiency out 0f
the Genera Fund prorided that the Comptroller OF
state shall hst draw his warrant on The Trasnr'r,
n,ynble m the order of said Treasurer ur the anon"
nf interest money about TO become due, which said
interest warrant shall he drawn at least one month
nr.yions TO he maturing of the interest.
Sec TO- II shall be The duty of the Governor and
Com proer to attend al least once IN each month.
at h Treasurer, Office, while said bonds are he'tg
issued, 10 examine all claims received by the Irea
surer a. aforesaid. aud cause the same 1" be regis
tered aud cancelled in such manner a. Ia prevent
them from being re-issued or pa la circulation
Sec. II The following are specified ~ the claims
heh are entitled to be received and funded under
This Ac First civil bonds Of lhe Stale issued under
The funding Acts passed "a The gears lr1, l-j2 1883
SIS and l-56 which are Dos outstanding. with ia