The Nevada journal. [volume] (Nevada City, Calif.) 1851-18??, 1857-06-26
Legal advertisements.
Published by Authority.
y N a CT

"A IN "A < IL
To provide for Paying certain Equitable Claims against
the State Of California and to contract Funded Debt
for that purpose
TIE People of the State Of California represented in
Senate and assembly, do f1li9rs;
SECTION l. For the purpose Of hqull4tng, funding
and paving the claims against the state Of California
hereinafter specified the Treasurer of State shall cause
to be prepared suitable bonds of the State California
not 10 exceed the OF three millions nine hundred
thousand dollars, bearing interest at the rate of
per cent annum rom the date OF their issue payable
at the State TreaSuFers Office the first day Of July
thousand eight hundred and seventy the in
terest aecrur said bonds shall be due and payable
at the Office of the Treasurer of State the first day
January and OF July Of each year: ProUded That the
first payment OF interest shah be made before TIE
first day of January. thousand eight hundred and
fftynne Said sonds shall be signed by the Governor
and countcrsiEned by the CONTROLLED and cndorse by
the Treasurer of state and shall the of the
State affixed thereto
Sec . Coupons for the interest shall BE alta hed to
each bond so that they may be removed without injury
muation to the bond said coupons consecutively
numbered, shall be signed by the Urea Of State.
See. ,. II shall be the duty OF the Treasurer and
Controller of State each to keep a separate record Il
all such bonds as may be issued showing the number
date and amount Of each bond and 20 whom the same
issuel, and upon what claim and its amount; and
none of the claims herein specified shall be lquidaed
paid but in the manner herein provided
Sec 4. The of oIe thousand dollars is hereby ap
propriacd of any money in the Treasury not other
wise appropriated to pay the expense that be in
CURED hy the Treasurer in having said bonds prepared
but the Controller shall not draw his warrant ON the
Treasury for this amount until there money therein
pay the same.
See. 5 All persons having any of the claims against
the State of California, entitled to be funded herenaf
ter specified shall upon The presentation Of he same to
the Treasurer of STATE receive in exchange therefor
bond or bonds of the State Of California provided in
the first section Of this Act but no bond shall be issued
for less than five hundred dollars fraction
al parts of hundred dollars, hut Treasurer may is
certificates of such fractional parts not bonded,
which said certificates shall be transferable and entitled
TO be funded Gefere provided The Treasurer shall
endorse the back Of each claim received and qui-
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from whom, and the number of the bond issued in
change therefor and such claim Sd al be filed in the Of
flee of the Secretary Of State.
See. B. For the payment within twenty wears Of the
principal and Interest ofthe bonds issued under this Act
there shall be levied annually, until the bonds paid
ana promptly eoHectcJ IN tie same manner as Is ormay
be provided by law for ordinary state taxes a tax Of
thirty cents each hundred dollar of the assessed
value OF real aud personal property in the State and
the fund derived from this shall be set apart and ap-
piled exclusively to the payment of the interest ON the
bonds herein provided aud the final redemption of the
principal of said bonds and the faith Of the State Cal
norma Is he'eoy ledsed tor the payment as herein pro
yided of the bonds issued by virtue of this Act and the
M III. S+a+, ~ C,Ifr,,:s 49,, a., T-,i s. ~
py the 9Iate OF Stlefia IRON the nted states Gov
eminent of the Civil Fund called are here
by irrevoeaby pledged to the payment Of the principal
and interest ON the bonds issued under this Act will
fu refusal neglect by Supervisors any other officer
to levy collect the lakes imposed by this Act shall be
misdemeanor, aud the person persons convicted
thereof shall be removed from Office and punished by
fine not exceeding Thousand dollars, by imprSon-
ment in the county Jail exceeding six months by
Sec l. Whenever ON the first day of January July
in any year there remains after The payment Of the
tercst as hereiubeore provided surplus Of hous-
ana dollars or more ha be the duty Of the Treasurer
to advertise for the pace week. in one daily news
paper published in English, in the city of New York
and TOR one month IN one daily newspaper published in
English at the State Capital sealed proposals to
opened one month after the expiration Of such pbca
tons by the Traa irer in presence of the Governor OF
Controller, At the STATE Capital. for the surrender OF
bonds issued under the Act. which advertisement shall
the amount of money he has on hand for ihe pur
a Tf 70 DOM g. n f..V boil Loco 4..
poSas, at rarcs not exceeding par value may redeem
the greatest amount of oud. until the amount Of cash
hand for redemption is ezhaustcd pvOridsd howcrer
case sqneent a3onH Of such bonds shall not be offer
ed As Aforesaid, to exhaust the sinking fund to a less
amount than ten thousand dollars, then it is hereby
made the duty OF the Treasurer 70 advertise in two
newspapers one in New York and one rhc apital of
this -tat2. for three manhs which advertisement shal
state the amount in the sinking gn1 aud the number of
bonds, numbering hom in the or err of their issuance
which such fund SET apart to pay and discharge and
if such bonds, numbered in such advertisements shall
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 puo'ie2fion as last aforesaid
Sec. 2 The Treasurer of State shall keep full and
particular account and record Of all his proceedings
der tnls Act, ana d" me bonds redeemed and surrender
ed and he shall transmit to the Governor abstract Of
all his proceedings under this Act with his annual
port he by the Governor laid before the legislature
and all books and papers pertaining the matters pro
vded for in this Act shall all times open to the in
Specton Of any party interested, the Governor
Legislature. or joint committee of both
Sec. Il shall be the duty Of the Treasurer pay
the Interest said bonds when the fails due ont
of said interest fund if sufficient if said fund he not
sufficient, then pay the deficiency Of the General
Fund Pr7ridei that the Controller Of State shall first
draw his warrant on the Treasurer payable to the
der of said Treasurer for the Of interest money
about become due, which said interest warrant shalt
be drawn at least month previous to tie maturing
of the interest
Sec 10 1t shall be the duty of the Governor and Con
troller to attend, at least in each MONTH the
g+-fp lilo al Il t1r1 t.sf
examine all claims received by the Treasurer as afore
said, and cause the TO be registered and Cancelled
in such manner prcveEt them from being reissued
put in circulation.
See IL The following are specified as he claims
which entitled to be received and funded under this
Act: First, Civil bonds of the state issued under the
funding Acts passed in the years 1871, 1852 1853 1888
and 1856, which outstanding with interest due
the when presented, appears by the coupons
Second. Controllers drawn under sanction of
law, for civil expenses prior January first A. ID 1857.
outstanding and unpaid but the provisions Of
this Act shall rot authorize tie funding of any Of those
warrants the registration and endorsement of which
cancelled o. required be cancelled by the pro-
visions of An Act TO cancel the registration aud in
dorsement of certain warrants and prohibiting the pay
meut of the same approved January Both. A. d. lSJ6
warrants which have been specifically adjudged 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
legal claims aganst the prior to Janua
Act of the Legislature And if the Treasurer of State
shan wfuiy issue bonds upon claims not herein speci
ne shan be punished provided in ection of this Act
and such bond shall be void
See r. The claims specified in this Act may be re-
ceived for funding, and bonds therefor NAV be issued
prior to the first day Of January. 1889 but not after
wards and all claims presented for funding prior to
that time excluded from the provisions of this Act
and such blank bonds prepared under the provisions of
this Act shall henreman hand. shall be DESTROYED
in the presence of the Governor, Controller Treas
urer
See IL This Act shall take effect the dav of
November, y. d. 1857. all its provisions except
those relating and necessary for, its submission the
people, and for returning eanvassing and procaimna
the votes-Eylich shall take eject Immediately
See. A. This Act shall be submitted to the people of
the State for their ratification the general cleo
ton, to be holden on the first Wednesday of September
\. d 1871 aud the qualified electors of this State, SHALL
at said election, tbei ballots for State officers, vote
for or against this Act those voting for the sane shall
write or have printed their ballots, the words Pay
the Debt and those voting against the same, shall
write or have printed on their ballots the words Repu-
dIate the Debt
Sec d. Thevoes cast for and against this Act shall
be counted, returned and eanvassed and declared
the same manner and subject the rules
cast for the Treasurer of State, and fit appear that
majority Of all the votes for against this law
Aforesaid in favor of this Act then the shall
have effect herenbefore provided and shall be ire
pealabe until the principal and interest ofthc liabilities
herein created shall be paid and discharged and the
Governor shall make proclamation thereof; but if
majority Of the against this Act, then