Oroville daily Butte record., 1857-09-14
LEGAL NOTICES.
[BY AUTHORITY.l
Vote on the state Debt.
OyYIcK OF SECRETARY or STATE.


of ce in Sacramento, California. the twenty. sixth day
of May, A. D. 1857. DAVID F. DOUGLAS,
[sEAL.l Secretary of State
CHAPTER CCXLIV.
An Act to provide for Paying certain Equit-
able Claims against the State of Califor-
mia. and to contract Funded Debt for
that purpose.
The Peopc Of the Sfafe nj California; represented in
! Senate and .qsscmbly. do enact as joiiors:
! SECTION For the purpose Of liqudating fund
in q and paying the claims against The state of Cali
fornia, hereinafter specified. the Treasurer of state
shall TO be prepared suitable bonds of the stale
of California, not to exceed the OF three millions
nine hundred thousand dollars, bearing Interest at
The rate Of per cent. per annum RON the oaie
of their issue PAYABLE a the state Treasurcrs office,
on the lr>t day of July thousand eight hundred
/ and Sc eny-seven: the interest accrnln2 N said
bonds shall he due and PAYABLE at the ofce OF the
Treasurer of State on the first day OF January ana o
July Of each YEAR Pr0ride4. That the tir>t payment
of Interest shall not be made before the first day OF
ia uary, one Thousand eight hundred and fifty nine
Said bonds shall he signed by the Governor ani
cOuutersgned by the Comptroller. and endorsed by
the Secretary o state and shall have The seal OF the
/ State affixed thereto.
/ Sec Q Co,Inons for the interest shall be attached
to each bond. so that they may be removed without
injury mutiatiun 10 the bond. Said coupons. con-
secutvely numbered shall be signed 10y the Treas
urpT of State.
Sec. 3. 1t shall be the duty of the Treasurer and
Comptroller OF State each to keep "A separate record
Of all such bonds may be issued. showing the
number date ard amount of each bond, and Ia
wfrDm the same was issued and upon what claim,
aTrl its amount: air none Of the claims herein spe-
cited shall be liqudated or paid but III the manner
herein provided.
Sec. T. The sum of one thousand dollars il hereby
appropriated out Of any money in the Treasury not
otherwise appropriated to pay the expense that may
be incurred BY the Treasurer in having said bonds
prepared, but the Comptroller shall moi draw his
warrant on the Treasury for this amount until there
] 10 . fEfr.t in to Ft.At thf,sa aFns4
Sec. All persons having any of the claims against
the state of California. entitled TO be funded As here
inafer specified shall, upon the presentation ef the
same to the Treasurer of the STATE. receive in
change therefor bond or bonds OF the State of
California, provided for in the first session of this
Acts but no bond shall be issued for less sum than
five hundred dollars. nor for fractional parts of
hundred dollars, but the Treasurer may issue GER
tiHcates OF such fractional parts not bonded which
said certificates shall he transferable aud entitled 10
be funded as before provided The Treasurer shall
endorse. on the back of each claim 80 received and
hquidaed, the date or which he received the same
and from whom and the number ct The bond issued
in exchange thereto. and such claim shall De filed III
the office OF the Secretary of state.
! Sec g. For the payment within twenty years of the
principal and interest ofth bonds issued under this
Act. there shall be levied annually, until the bonds
paid, and promptly collected IN the sam, manner
M Is or may be provided by law for nary State
taxes a tax of thirty cents each one. .hunred dol
lars of the assessed value of real and personal pro-
ptrtv in the state, and the fund derived from this
tax shall be set apart AMI applied exclusively to the
payment of the Interest on the bonds herein prOyd.
ed. and the final redemption of The principal of said
bonds and the faith of the State of Califor ia il
/ hereby pledged for the payment ns herein provided
of the bonds issued by virtue of this Act and the in
| terest thereon and all moneys that may be received
| by the State of California from the United States
| Government on account OF the civil Fund, so called.
are hereby rrevocably plede cd TO the payment of
the principal and interest the bonds issued under
this Act A wu refusal or neglect by supervisors
any Other officer To levy collect the tax imposed
by this Act. shall be a mis- lemeanor, and the person
or persons convicted thereof shah be removed from
office and punished 10y fine not exceeding thou
sand dollars, or by inn risonment in the county Jail
not exceeding six i.ths. or by both such fine and
imprisonment.
Sec. 7 Whenever on the first dav Of Jenuary or
July in any tn, remains after the payment of
the interest as here natter provided. surplus of ten
thousand dollars it shall be the duty of the
Treasurer to adve ise for the space of week in
one daily paper published in English, liz the city of
New York. and for month in one daily newspa-
per published in English Mt the state Capital for
sealed proposals. to be opened one month after the
expiration of such publications by the Treasurer, in
presence oflc Governor or Comptroller at the state
Capital, for he surrender of bonds issued under this
Act, which advertisement shall state the amount of
money he has on hand for the purpose OF redemption,
and they shall accept the loves proposals. nj rates
not exc eeding par value may redeem the greatest
amouAt OF bonds until the amount OF cash on hand
for redemption is exhausted; JroUided, howerer, in
case a sufficient amount at such bonds shall not be
OIL red as aforesaid to exhaust the sinking fund to
le ss amount than ten thousand dollars, then IL is
Hereby made the duty OF the Treasurer to advertise
| IN two newspapers one i'm New York and one at the
Captal of the State. for :hree months which adyer-
sements shall state the amount in the sinking fund.
and the number of bonds numbering them in the
order of their issuance which such fund II set apart
10 pay and discharge; and il such bonds, 20 num-
bered in such advertiser ens. shall not be presented
for payment and cancellation within three months
from the expiration OF such publication, then such
fund shall remain in the Treasury To discharge such
bonds whenever presented-but they shall draw no
interest after such publication as last aforesaid.
Sec g. The Treasurer OF State shall keep full and
particular account and record of all his proceedings
under this Act. and of the bonds redeemed aud sur
rendered, Ind ne shall transmit to the Governor an
abstract of all his proceedings uuuer this Act, with
the Legislature and all books and papers pertain
ing to The matters provided for in this Act, shall at all
lines be omen the inspection of any pa y interest,
ed or the Governor, or the Attorney General or q
committee of either branch of the Legislature,
ioint committee OF both.
Sec O. 1t shall he the duty of the Treasurer to pay
The interest on said bonds when the same falls due.
ont of said interest fund, it sufficient, and if said fund
be not sufficient, then To pay the deficiency out OF
the General Fund; ProUided, that the Comptroller OF
State shall first draw his warrant on the Treasurer,
payable to the order said Treasurer for the amou.
! of interest money about to become due, which said
interest warrant shall be drawn at least one month
previous TO the maturing of the interest.
Sec TO- 1t shall be- lhe duty of the Governor and
Comptroller TO attend, at least once In each month.
at the Treasurers ofice, while said bonds are being
issued to examine all claims received by the Trea-
surer aforesaid, aud cause the same 10 be regis
tered and cancelled in such manner as to prevent
them from being re-issued or put Ia circulation.
Sec. IL The following are specified as the claims