Oroville daily Butte record., 1857-07-10

sacramento. California, May 90, 1857. (
DAVID F. DOUGLASS. sECR ETARY OF
State of the State Of California, do hereby GER
tiy that the annexed is true and correct copy Of
the original Act on llle in my Office.
Witness my hand, and the great seal of State. at
Of ce in Sacramento, California the twenty SIKH day
Of May, A. D. 1857. DAVID F. DOUGLAS.
[sEAL.l Secretary Of state.
CHAPTER CCXLIV.
An Act to provide for Paying certain Equt-
able Claims against the State Of CalifOr-
mia, and to contract Funded Debt for
that purpose.
The People OF the state Of California, representa- IN
Senae and .4ssembly. do enact as foho,7s:
SECTION For the purpose of liquidating. fund
ing and paving the claims against the state Of Cali
orna, hereinafter specified. the Treasurer Of state
shall to be prepared suitable bonds of the State
Of California not 10 exceed the sum OF three milons
nine hundred thousand dollars, bearing interest ut
the rate of seven per cent per annun from the nue
of their ISSUE payable at the state reasurcrs Office
the fr-t day of July. one thousand eight hundred
and enty seven The interest accruin2 on said
bonds shall be due and PAYABLE at the Office of the
Treasurer Of Slate the first day of January and of
July of each Prorided That the first payment
of interest shall not be made before the first day of
ia uary. one tho Isand eight hundred AMI fifty nine
, Said bonds shall be signed 10y the Governor. and
countersigned by the Comptroller and endorsed by
the Secretary of state, and shall have the seal OF the
State afiixci thereto
SEC . Coupons for the interest shall be attached
10 ench bond 50 that II ey may be removed without
injury or mutilaion to tn bond said coupons. con
secrtively numbered shall be signed by The Treas
urer of state.
Sec g. 1t shall he the duty of the Treasurer and
COMPTROLLER OF State each to keep separate record
# all such bon's as may be isSue'i, showing the
number. date and amount of each bond, and To-
whom he same was ISSUED. and upon what claim,
and its amount: and none Of the Gains herein spe
cih.d shalt be liqudated or paid bu in the manner
herein provided
Sec g. The sum Of one Thousand dollars is hereby
~ propriaied out Of any money in the Treasury not
otherwise appropriated 10 pay the expense that may
be incurred by ne Treasurer III having said bonds
prepared but the Comp roller shall not draw his
wnrrnni on the treasury tor this amount until h re
is woney therein TO pay The same.
Sec All persons having amy ofthe claims ag7lnst
The state of California entitled To be funded rs here
nzIpr specified, shall, upon The presentation "f the
same 10 ine Treasurer of the STATE, receive in ex>
change therefor bond or bonds of the STATE ot
California. provided for in The first sesli of this
Act: but no bond shall be issu'd for less sum thln
tive hundred dollars. nor fer fractional paris of II
hundred dollars, bnt the Treasurer may issue Ger
iicnles oi such fractional parts not bonded. which
said cer,ifc shall he transferable ard entitled 10
be funded as before provided The Treasurer snail
endorse, the hack OF each Claim 80 received and
lqudated. the date on which he received i''e SAM"
uni from w ON and the number Il the bond issued
in ex change thereto and such claim shall Dc i!ed ~
the office of he Secretary of state
Sec q. For The pay meut within twenty years of the
principal and interest o the bonds Issued un'er his
Aci. there shnl be levied annualiy. until the bond
ARE paid. and promptly collected IN the sam manner
as is or may he provided By law far ordinary State
taxes tnx OF thirty c"nts each one hundred dol
lars OF the assessed value Ct real and personal pro
pprN IN he state, and the fund derived from his
shall be sci apnrt nni applet exclusively 10 the
payment of the interest ON the bonds herein pruytd
ed. aud the final redemption Of The principal H said
bonds aud the Giilh of the Stale of Caior IA /.
hereby ped-cd for the payment ns hpreI pr yldrd
OF The bonds issued by virtue of this Ac and The in
t're>l thereon and all moneys that mny he rec iyed
by the Saie of cahfornia from the United Sta'es
Government account ot the CivI Fund. called
nre hereby irrryo ably pledged 10 the payment OF
the principal and interest on i''" h"nds Issued under
this Act wilful refusal or neglect by supervisors
or any olher officer 10 w cviecl the tax imposed
bv This Act. shall be mi-demeaunr aud the person
ar parsons convicted thereof shah be removed from
Office and punished 10y fine not exceeding one thou
sand dollars or by imprisnninrnt in the county tai
moi elinV six months, or by bo'h such hhe ana
imprisonm NJ.
July in any VI ar there remains after the pnyTent uf
The ,ntert 81 hereinafter provd Il. surplus of I'm
thousnnd dollars ore. sha he The in Of the |
Tr asurrr advertise for the space Of one week in
on. daily rnprr published in English. Il. the city If
New York. AMI tor one month ~ one daily newspa
por publi- in Engiirh nj the ~tate Capa'. for
.pal,.i propusals to be opened une mouth after The
expiration of such publications by he Treasurer IN
r The Governor orConp roller. ut the State
apjial for The surrender of bonds issued under this
Ari which advertisement shall state the amount of
money he has ON haid for the purpose o redemption.
and they shall accept the iowes proposals. ut rates
nri &c eiing par value may redeem the grlnlesi
amount o buIris nniil the amount ot ca,h on hand
fr REDEEM, tiun is exhausted: Iriridrd holrerT, In
rn-. "A sufficient nmuun ' such bonds shall not he
irrd ~ afor~sai |. 10 exhaist the sinking fund To-
les amount than ten thousand dollars. then IL is |
h rphy made The duly oi tre 1r asurer Ia aivcriis'
i'm " news papers. In New York and nnf at the
tnpal of the stale. for hree inOnih- which ndver
ii,ements shall siaie The oun IN the sinking fund
AMI The number of bonds numbering them In tn, |
rder oi tllrr i.sulnce, VIII c such ud Is set aDHr
to nay and discharge: ana " sdch bonds, 50 mum
b.r, in such advertiser ents. shit not be presented
h r nav tnent and cancellation within three months
r,n he expiration ot such puniication. then such
fnd shah rtman in The Treasury iO discharge such
bn is whe.leve, presentedbut they shall draw no
.er, 5, AFTER such publication as las, aforesuid
Sec. =. The Treasurer oi STATE shall Keep fn and
pbr, culr scruni and record OF oil his proceedings
undo this Acf. and of ihe nunds redeemed aud sur
rn'rr,si. nd he shall Transmit TO the ''overior
ai,>!rnci II his pro ee'linss uhuer this Act. with
his ann,in r,ri. ie ne hy the Governor laid before
the Legislature and all hsss and papers pertain
g he naiI.rr provided for In this AcI. sha all
ii - i open The insp, cion ~ any pa ~ interest
.- .w he tiuv.rur, ar the Attorney General, a |
cnmmit:-e of either ranch Of the Leg stature, or
10 ut committee Of both.