Oroville daily Butte record., 1857-08-13


Witness my hand, and the great seal of State, at
of ce in SACRAMENTO California the twenty sixth day
of May, A. D. 1857. DAVID r. DOUGLAS,
[sEALl Secretary of state.
CHAPTER CCXLIV.
An Act to provide for Paying certain Equit-
able Claims against the State of Caltor-
MIA, and 10 contract Funded Debt for
that purpose
Tie Peope Of the state Of California, represented in
Senae and .9Ssemtly. 30 enact as toHogs;
SECTION For the purpose Of liquidating. fund
ing and puyirg the claims against the State of Cali
foruia. hereinafter specified. the Treasurer of state
she'll cause 10 be prepared suitable bonds OF the state
of California, not 10 exceed the sum OF three millions
nine hundred thousand dOilafs, bearing interest al
me rate Of per cent per annum from the daie
Of their issue. payable at the state lreasurers Office,
the first day of July, one thousand eight hundred
and serenity ty-scven: The interest accrUine on sNid
bonds shall be due and payable ai the ofoe OF the
Treasurer of State the first day of January and of
July Of each Prorided. That the first payment
ofintpTes shall not he made before the first day OF
January. one thousand eight hundred and fifty nine.
said bonds shall he signed hy the Governor. ard
Countersgned hy the Comptroller. and endorsed by
the Secretary Of State and shall have the seal of the
STATE affixed thereto.
Sec 2 Coupons for the interest shall be attached
TO each bond. so that they may be removed without
injury or mutlation 10 the bond. Said coupons CON
secuiycly numbered. shall be signed by the Treas
urpr OF Staie.
See 8. 1t shall he the duty Of the Treasurer and
Comptroller OF State each to keep separate record
u all such bonds rs may be Issued, showing the
number, date and amount of each boad, and 10
whom the same was issued. and upon what claim,
and its amount: aud none Of the claims herein spe-
cited shall be iQuliaed or paid but in the manner
herein provided.
Sec. l. The sim of one ihousapd dollars il hereby
appropriated out Of any money In the Treasury not
Otherwise appropriated To pay the expense thar may
be Incurred by Ire Treasurer in having said bonds
prepared, but the Comptroller shall not draw his
warrant on The Treasury for this amount until there
is money therein 80 pay the same.
SEC. All persons having any of The claims against
the StHte of CnEotEa. entitled to be funded rs here
n1'ier specified, shall! upon The presentation of the
same 20 ;uc Treasurer of The STATE receive in cX-
change therefor hcnd or bonds uf the state Of
California, provided for in the first session a this
Act: hut bond shah lie s>utd for less sum than
five hundred dollars. nor tor fractional parts of
hundred dollars, but The Treasurer Way issue GER
said ccr,fc1its shall be transferable and entitled 20
be funded as before provided Tile Treasurer stall
endorse, on the hack Of each claim 40 received and
lIquiated. the Cnte on which he received re same.
aUl from whom. aud lhe nun her q the boHd issued
in ryrharae thcYeio md sach claim shall fled IN
the ullice ot The Secretary OF STATE.
SEC 6. Fer The payment within twenty years of the
nlnua and interest Of the bones issued nndrr lhis
act. tbCre shrli he ievVG Grnun'iy uuti The bonds
are paid. and promptly collected iu The manner
ug T. or may he provided 10y law Ger ordinary state
,GAes tax OF thirty cents each one hundred dot
lars of the assessed value OF read and personal pro-
poriN in the state, and the fund derived frow this
tax shall be set apart ami applied exclusively TO the
payment Ol the interest the bonus herein pruyid
cd. and The final redemption Of The prucipjol said
bonds. aud the CtilA Of the state Of taiIiur a IA
hereby plei.ed TOR the raymcnt - herein provided
Of he huds Issued by virtue of Ibis Ac, aud the in
tlte~. thereon aud aii moneys thll may toe rec iv"i
hy the state of CaAiorNia from the tnhed states
Government on account %; the Civii Fund. 50 called
are hereby lrrevooahy pled-cd to the payment Of
Re principal and interest on the bonds issued under
tbs Act wilfui refusal ar neglect by Supervisors
or auy ojher Ccfr 10 levy or collect the tax imposed
by his Act. shan he mirdemeanor. ard the person
or persons convicted thereof sh8N be removed from
office and punished by fine not exceeding one thou-
sand dollars or hy impfisunnent in the county jail
rot exc cdiug six months or by bulh such nne and
imprisonment
Sec. 7 Whenever, on The first day Of Jeuuary or
July in any year, there remains. after The rHlWent o(
The interest hereinafter provided. surplus Of ten
thousand dollars ore, Il shall Sc The duy of the
Treas to advertise for the space OF one week. ii
one daily paper pubshcd in English. IN the city of
Kew York. and for one month IN one daily neHspa-
per published in English at the state Capital. for
sealed proposals. to be- opened one month after The
expiration OF such publications by the Treasurer, IN
Irt spncc Cf The Governor COmp.rlsr ut tie State
Capital for the surrender Of bonds issued under This
Act, which advertisement shall state III" amount OF
mOaPy he has hHhd forthe purpose ol redemption.
and they shall accept the loves prnnOsals ai rAie3
not cxccedng par value NJ may redeem the greatest
amount OF bonds uD,il the a"ouRi OF ca~h on hand
for redemption is exhausted; Tror5drd hower"r. in
case n sufficient amount oi such bonds shall not be
offered. ~ aioresai 10 exhaust the sinking faud 70
less amount than ten thousand dGillrS. then il is
hereby mnde The duty OF the Treasurer 10 advertise
in two newspapers, one ia New York and one at the
Capital of the state, for 'hree months which edvcr
lisemens shall siote the ount in the sinking fund
and the number of bonds numbering them in the
order OF their issuance which suCh fid Is set apart
10 pay and discharge; ani If sdch bonds 40 mum
Il gtsl
for payment and cancellation within three months
frou The expiration Of sdch publications then such
fand shall renain in the Treasury 10 discharge such
bonds whenever presnn,eu--hnt they shall draw no
interest after such publication a. Inst aforesaid.
sec. T. The Treasurer state shall keep full and
particular account and record ot all his proceedings
under this Act, and OF the bonds redeemed aud sur
rendered, ind he shull transmit 10 the Governor an
abstract of all his proceedings undcr this Act. with
his annual report, TO be 10y the Governor id before
tho stature and MI hoots ana paper. pertain
ing TO The matters provided tor int this .c' - q nt an
times be open to the inspection ut Hrr rt Il taft-
ed, or the GOyeinur, or the Atior-
committee of either branch Cf thr j.
Joint committee oi boih.
Sec Q. 1t shall be the duty ofihr
The interest on said bonus vhc5 t..
out OF said interest fund, i; sHai -i'rt
be not sufficient. then 10 pal t'te
the General FUND; py1ride4 iisf t-
State shall first draw his warrant
payable 70 the order 0f said Trtasuv.r
OF interest money about 10 Eeca}lt p
interest warrant shall be drawn
previous to the maturing Of ta" I.fsrc-
Sec. 10. 1t shall be he duty or ,l-
Comptroller 10 attend, at f. 81 once is i.#.
at the Treasurer's office, while said bJtti. s.#
Issued. 10 examine all claims reC-iyod D.
sarer aforesaid. aud cause the saiar T..
tered ana cancelled jn such In1IUer s' i-
them from being ressued or pat il, circH isaa.
Sec. IL. The following are specii.d n ire eta
which entitled TO be received ami glntei !i
this Act; First, Civil bonds of the State issued nt
The funding In he y,,ars IZ.3 .