The Nevada journal., 1857-06-05
Legal Advertisements.
Published by Authority.
AN ACT


To provide for Paying certain Equitable Claims against
for that purpose.
The People Of the State of California represented in
Senate and assembly do enact as foiioos:
SECTION l. For the purpose Of Iiquidating funding
hereinafter specified the Treasurer Of State shall cause
be prepared suitable bonds Of the State of California
not to exceed the sum Of three millions nine hundred
thousand dollars bearing interest at the Of
cent per the of their ISSUE payable
at the State Treasurers Office the first day Of July,
one thousand eight hundred and seventy seven the in
terest accrung said bonds shall be due and payable
at the Office of the Treasurer of State the first day of
January and of July Of each year. Provided That the
ars payment Of interest shall not be made before the
fifty nine Said bonds shall be signed BY the Governor
and countesigned by the Controller and endorsed by
the Treasurer 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
mutlation to the bond Said coupons consecutSely
numbered, shall be signed by the Treasurer of State
Sec 3. 1t shall be the duty of the Treasurer and
Controller of State each to keep separate record Of
all such bonds may be issued showing the number
date and amount of each bond, and to whom the same
was issued and upon what claim and its amount; and
none OF the claims herein specified shall quidated
paid but in the manner herein provided
Sec L. The of one thousand dollars is hereby an
propriated out of any money in the Treasury not other
wise appropriated to pay the expense that NAV be in
CURED hy the Treasurer in having said bonds prpared
but the Controller shall not draw his warrant on the
money
pay lne same
Sec. S. All persons having any Of the claims against
the State of California entitled be funded as herenaf
ter specified shall upon the presentation of e same TO
the treasurer OF State receive in exchange therefor
bond or bonds of the State of California provided for
the first section of this Act but bond shall be issued
for less sum than five hundred dollars for fraction
al parts of hundred dollars Treasurer may is
sue certificates of such fractional parts not bonded
which said certificates shall be transferable and entitled
to be funded as before provided The Treasurer shall
endorse the back of each Claim received and oui
dated, the date on which he received the same and
from whom, and the number of the bond issued in ex
change therefor, and such claim shall be fled in the of
fee of the Secretary of State - A''H
Sec g. For the payment within twenty years of the
principal and interest the bonds issued under this Act
there shall be levied annually, until the bonds are paid
and promptly collected in the manner as is or
ne provided by law for ordinary State taxes, Of
thirty cents each hundred dollars of the assessed
value OF real and 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 and the final redemption Of the
principal of said bonds and the faith of the State of
iorna hereby pledged for the payment herein
vded OF the bonds issued by virtue of this Act and the
interest thereon and all moneys that may be received
by the State of California the United States Gov
eminent on account of the Civil Fund, called here
by rrevocably pledged to the payment the principal
and interest the bonds ssued under this Act will
u refusal or neglect by Supervisors any other officer
to levy or collect the taxes imposed by this ct shall he
misdemeanor, and the person Or persons Convicted
thereof shall be removed from Office and punished by
nne not exceeding one thousand dollars by mprison
men in the county Jail exceeding six months or bv
both such fine and Imprisonment
Sec T. Whenever on the first day of January or july
IN any year there remains after the payment Of the in
teres as hereinbefore provided surplus of ten hous
and dollars shall be the duty of the
to advertise for the space of week. one daily
G uPer a. poOasnea N English in the city of New York.
anu or one month n daily newspaper published in
Engsn at the State Capital for sealed proposals 10 be
one month after the expiration of such publica
Controller, at the State Capital for the surrender "
Donds issued under THE Act, which advertisement shall
sie tne amount of money he has hand for the pur
Pose VI redemption aud they shall accept the lowest pro-
posas al rates not exceeding par value as NAV redeem
ne amount of bonds until the amount of cash on
hand for redemption exhausted prouided ho,eser in
case sucent amount of such bonds shall not Sc Offer
ed as aioresad, to exhaust the sinking fund to less
i9ui, thsn ten thousand dollars, then it is hereby
iaue tne DUTY of the Treasurer advertise in two
newspapers one in New York and at the CAPITAL Of
inns tate, for three months which advertisement shall
.as ne amount in the sinking fund.- and the number of
ou numbering them in the of tAer issuance
wnicn such fund is set apart pay and discharge and
such bonds so numbered in such advertisements shall
NOT oe presented for payment and cancellation within
three months from the expiration of such publication
then such fund shall remain the Treasury to DISCHARGE
sucn bonds whenever presented but they shall draw no
interest after such publication last aforesaid
Sec g. The Treasurer Of State shall keep full and
particular account and record of all his proceedings un
der this Act and of the bonds redeemed and surrender
ed and he shall transmit to the Governor an abstract of
all his proceedings under this Act with his animal re
port to be by the Governor laid before the Legislature
ved for in this Act sha ct an times be ope to be %
specton of party interested the Governor or the
Attorney General committee of either branch of the
Legislature, or joint committee of both
Sec It shall be the duty of the Treasurer to nav
the interest on said bonds when the same falls due out
sufficient then to pay the deficiency the General
FUND.- Pr0ride7 that the Controller of State shall rt
draw his warrant on the Treasurer payable to the or
der OF SAID treasurer for the amount of interest money
about to become due, which said interest warrant shall
De drawn t least one month previous to the maturing
Sec TO- 1t shall be the duty Of the Governor and Con
roer to attend at least once in each MONTH at the
office while said bonds being issued to
examine all claims received by the Treasurer as afre
said and cause the to be registered and cancelled
in such manner as to prevent them being reissued
or PVT in circulation.
Sec IL The following specified as the claims
which are entitled to be received and funded under tbis
Act: First Civil bonds of the State issued under +b
funding Acts passed in the years 1885, 1852 1853 1855
and 1856 which are now outstanding with interest due
on the same when presented appears by the coupons
Second Controllers drawn under sanction Of
law for civil expenses prior to January first 1887
and now outstanding and unpaid but the provisions m
this Act shall not authorize the funding of av of those
warrants the registration and endorsement of which
were cancelled or required to be cancelled by the pro-
visions OF An Act to cancel the regis ration aud III
dorsement ofeertain warrants prohibiting the paw
ment of the same," approved january Both a d is56
warrants which have been sbeoificalv ad;,i m
gal by any Court and all said warrants specified In the
mentioned Act are hereby expressly excluded from
an ne Dement'S and provisions of this Act Third Inst
or legal claims against the State accrued prior 10
ry st 1857, and which may be allowed and aud;ted bv
VI Int legislature And If the Treasurer of State
sha wilfuly issue bonds upon claims not herein sne;
ned as receivable it shall deemed misdemeanor ana
he shall be punished provided in section of this :.
and such bond shall be void ~ '''
Sec l2 The claims specified in this Act NAV he -.
ceived for funding and bonds therefor NAV be- ssued
prior to the first day of January, 1852 but not afer
wards and all claims not presented for funding prbr tn
that time are excluded from the provisions of ibis Act
and such blank bonds prepared under the provisions of
this Act as shall then remain hand shan be
in the presence of the Governor Controller and Treas
-s"'-
Sec i3 This Act shall take effect on the first dav of
November. A. d. 1857, to all its provisions excent
those relating to- and necessary for its submission to the
people and for returning, canvassing and proca;nn
tho votes-which shall take effect immediately
Sec IA. This Act shall be submitted to the nao, -
the state tor their ratification at the NEXT General &C.
ton 70 ee holden on the first Wednesday Of September
1927 and the qualified electors of ths State .h All
at said eectiou on their ballots for State officers Vote
for OF against this Act those voting for the same h
write OF have printed on their ballots the words s
the Dept and those voting against the same. sbsi,
date the Debt" - Aepu-
Sec The votes cast for and against this Act shall
oe counted, returned and canvassed and declared in
the same manner and subject to the same res as votes
cast for the Treasurer of State and if appear
majority Of all the votes cast for or against this ls