The Nevada journal. [volume] (Nevada City, Calif.) 1851-18??, 1857-07-03

The People IF the Sta;e Of California represented
Senate and assembly, 10 enact dstoto'7s
SECTION l. For the purpose of liquidating finding
and paying the claims snst the State of California
hereinafter speced the Treasurer of STATE shall cause
to be prepared suitable bonds of the State Of alornia
to exceed he OF three millions nine hundred
thousand dollar, bearing interest at the rate Of seven
per from the date OF their issue payable
at the State lreaurers ofhee on the rSt DAY OF july
thousand eight hundred and seventy seveni the in
terest aecring said bonds shall be due and payable
the Office OF the Treasurer OF State the fist day of
January and of july of each year Proeided That the
fist payment of interest shall not be made before TIE
first dsy Of January one Thousand eight hundred and
tv-n le Said bonds shall be signed by the Governor
and coun;ersisned by the Conrnel, and endorsed by
the Treasurer state and shall have the seal of the
Sec , Coupons for the interest shall be attached to
each bond So thar they NAV be removed without injury
mutiation to the bond Said coupons. consecutvey
numbered, shall be signed by the Treasurer of state.
See. ;. 1t shall be the duty of the Treasurer and
Controller Of Safe each keep separate record of
all such bonds may be issued, showing number
date and amount of each bond, and hor the
was issued and upon what claim and its amounts and
of the claims herein specified shall be hqudaed or
paid but in the manner herein provided
Sec 4. The sum of one thousand dollars is hereby ap
propriated out Of any money the Treasury other
wise appropriated To pay the expense that may be in
Cured 10y the Treasurer in having said DO ld prepared
but the Controler shall not draw his the |
Treasury for this amount until there is therein
pay the same.
Sec , All persons having any of the claims against
the State OF California entitled to be funded herenaf
ter specified shall upon the presentation of fhe
the Treasurer of State, receive in exchange therefor
bond or bonds the State California provided Tor in
the first section Of this Act but bond shall be issued
for less than five hundred dollars nor for fraction
al parts of hundred dollars but Treasurer may is
sue certificates of such fractional parts bonded
which said certificates ha be transferable and
10 be funded 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 uch claim shall be filed in the
! flee of the Secretary Of State
Sec g. For L g payment within twenty wears of the
principal and of the Dor Is issued under this Act
there shall be levied annually until bonds are paid
] and w 81
be provided by law for ordinary Stale tixes a tax Of
thirty cents each hundred doar> assessed
value Of real and personal property in the State end
the fund derived from this shall be apart ap
piled exclusively to the payment of the interest the
bonds herein provided and the final redemption of the
principal Of said bonds and the faith Of the Safe of Cal
orna is hereby pledged for the payment herein pro-
vided Of the bonds issued by virtue Of this Acl, and the
interest thereon and al moneys that may be received
by the State of California from the United Gov
of the Civil Fund.- called a. he
by lreVocaby pledged to the payment OF the principal
and in crest the bonds iSu q oder this Act will
full refusal neglect by Supe any other officer
to levy collect the taxes imposed by this Act shall be
! a miSdemeanor end the person pc sons convicted
thereof shall be removed from Office punished by a
fine exceeding one thousand dollars or bv npri:on-
men in the county Jail exceeding six months by
both such fine and Imprisonment
Sec. l. Whenever the first day Of January or July
IN any year there remains after the payment of the in
tereS rs hereinbctorc provided, surplus OF ttous
IA dollars it hal be the duty of The Trca lrer
to ADVERTISE for the space OF one week in daily
paper published in English in the city of New York,
and for month IN daily newspaper published in
opened one NOR n after the expiration of such puhlca
tons by the Treane in p essence of the Governor OF
Controller, at the Sa .p a. ior the SUR ender Of
bonds issued under THE Act. which advert shall
state the aTaunt of money he has hand the par
pose Of redemption, aud they shall accept the lowest pro-
PoSai7 at aeS rot ng par value as may redeem
the greatest amount Of bonds unt the csh on
hand for redemption is exhausted; prordsd h0tccr in
ease sufficient amount of such bonds shall not be offer
ed as aioIe aid to eXh~u> the sinking fund to a les
amount tn ten Thousand dollars then it is hereby
maio the dutv of tn" Traa=iirsr
| newspapers, one in New York and the aptal OF
tins tae, tor three mon rs which advertisement shal
STATE the amount in the sinking fuI ard he number of
which such fund IS set apart to pay and discharge and
if such bonds Numbered in such lvel M nc rs shall
not be presented for payment and 7la,ion
then such fund shall remain in the Treasury to di1cara
such bonds wheneve- presented but hev shall draw no
interest after such pr ).ica ion As last aforesaid
| See = The Treasurer of State snail keep full and
partcuaeaccoun record Of al his proceedings
der this Act and Of The bonds redeemed surrender
Cd and he shall transmit to the Cove no Of
port to be by ae Cove nor laid before the Legislatures
and all books and papers pertaining 10 the matters pro
ved for in this Act shall Il times be open the in
s2eetlon OF any parry IrteeSed or the Governor or t-
Attorney General committee of ci her branch the
Legislature. joint committee of both.
Sec. @ 1t shall be the duty Of the Treasurer to pay
the interest said bonds when the falls due
Of sad interest fund sufficient and if said fund he not
Sfcent hen to pay the deficiency out OF the General
Fund.- Proride that the Controller Of State shall first
draw his warrant on the Treasurer payable the
der Of said Treasurer for the amount Of interest money
about to become due which said interest shall
be drawn at least month previous the maturing
Sec. 10 It shall be the duty of the Governor and Con-
trocr TO attend, at least in each month the
rea surers Office white said bonds are being issued to
examine all claims received by the rrea llcr as aforc-
said and the be registered and Cancelled
in manner As to prevent them from being reiss1ed
| or put in circulation
Sec. H. The following are specified as the claims
which entitled to be received ard funded under this
Act: First, Civil bonds of the State issued under the
funding Acts passed in the years lS5I 1852 1853 1855
and s56, which outstanding with interest due
on the same when presented appears by the coupons
Second, Controllers warrants drawn under sanction
law, for civil expenses PRIOR to January first A ID 1851
and now outstanding and unpaid, but the provisions
this Act shall not authorize the ding Of any of those
warrants, the registration aud endorsement of which
were cancelled or req1ired TO be cancelled by the pro-
visions OF An Act I" cancel the regis ration and in
dof<ement OF certain warrants, and prohibiting the pay
ment of the same, approved January 30h, A d IsjG
or warrants which have been specifically adiudged lie
gal by any Court and all said specified in the
last mentioned Act hereby expressly excluded from
all the benefits and provisions Of Ibis Act Third.
or legal claims against the State accrued prior to anua
ry lst 1871 and which may be allowed and audited by
Act OF the Legislature And if the Treasurer of state
shall wlfuy issue bonds upon claims not herein snec
hed as receivable it shall be deemed misdemeanor
he snail be punished provided in lection of This Act
and such bond shall be void
See Il, The claims specified in this Act NAV be re-
eei1el Tor iGnnS' and bonds therefor may be issued
prior to the first day Of January 1859 bnt not aer
wards and all claims presented for funding pror To
and such blank bonds prepared provisions Of
this Act. shall then remain hand all be DESTROYED
in the presence Of the Governor Controller Treas
See - This Act shall take effect on the first dav of
November A D. 1857, to all its provisions, except
those relating to- and necessary for its submission to the
people and for returning c-nvassing and proclainliug
the votes-wh.eh shall take effect Immediately
See H. THIS act shall be submitted people of
me state tor their ratification the general cleo
ton, to be holden the first Wednesday of September
~ D. lo97, and the qualified this State shall
at SAID election, the ballots for State officers vote
Tor or against this Act those voting for the same shall
write or nave printed their ballots the words Paw
the DEBT; aud those voting against the same shall
write or have printed their ballots words Repu-
date the Debit
Sec d. Ihevoes cast for and against this Act shall
De counted, returned and canvassed and declared in
the same manner and subject the les as votes
cast for the Treasurer OF State and lift appear that
majority OF all the votes for against this law
as oresad or IN favor Of tas Act then the shall
nav erect as hereIuoefOre provided and shall be ire
peaiaole until the principal and interest ofthe 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 same shall become void.
See 10 shall be the duty of the Secretary ofState
TO have this Act publ he'd in newspaper in each Ju
dcia District Of this State if be published therein
for three months next preceding the general election
be holden upon the first Wednesday of September next
which publication. greater allowance he