Oroville daily Butte record., 1857-06-17
, EGAL NOTICES.
tBY AUTHORITY.]
Ote on the state Debt.
OFFICE OF SECRETARY OE STAry

the original Act now on hle in my Once.
Witness my hand, and the great seal Of State, at
on ce in Sacramento, California. the t~ emily sixth day
Of May, A. D. ls57. DAVID F. DOUGLAS.
/ lsEAL.l Secretary Of state.
CHAPTER CCXLIV.
An Act to provide for Payir 2 certain Eauit.
! able Claims against the State OF Calitor.
MIA. and to contract Funded Debt for
that purpose.
The P,,p Of te S,ate nf CaIifornia r,pres,pt,a IN
Snate and .4ssembiy. DO enact as toDons.
! SECTION For the pnrp 81 Of uqudatine, fund.
ing, aud paying The claims against the state uf tnli.
fornia. herein after sp ehed. the Treasurer of state
shall cause to be rre AIRED suitable bond~ the state
ot California. not tn exceed the sum of h're LItliiuns
nine hundred Thousand dollars, bearing i crest AT
the rate ut per cent per annin from the nuir
of thrr issue, payable AT the stale Irtasers ufiic.
on the FIR day of july one thousand eight hundred
and entl seven: The interest accr ing on s-id
bonds shall be due and PAYABLE at he office uf the
Treasurer of Slate on the fist day n January aud of
'ly of each Pror,ded. That The fir, pr, ment
Of interest shall not be made before the first day ut
| IN unry. tho Isnnd ght hundred an tiv nine
| Said bonds hall he signed 10y the t vernon hId
! connrersgnrd by the C' mpiruer. aud cn ufsrd 10y
the Sccrrtary ul state shall have the the
I STATE atixc thereto
SC ,. Coupons for IN, interest shall be h'tnch"d
| Ia ,nch bond that q e' may be removed without
! injury ar muntIon 10 III bond. SAID coupons con
I
/ urer ot STATE
Sc 3. It shall he the duty of tue Treasurer and
Comptroller ~ state each to Keep scpHra record
! # all such bnnis may bee issued sh wing The
number date aud amount uf each bohd und Ia
whom he same was ISSUED. AMI upon hat claim,
| aud ts amount: and nohe of the nIn. herein spe
| cited shah b, liqu.datcd paid bui in the manner
! herein provided
sec. a. III. sum Of one thu,is,nd dnilnr- i hereby
a. propriaed out of any money in the Trcssur. not
otherwise appropriated to pay the expense that may
| be incurred by ne Treasurer in having said houds
prcpnred, bat The tonp'r Her shall not draw his
warrant the Treasury for this amount until there
| is oury therein to pay the same.
| Sec. All persons having any of the claims ag inst
The state of California. ,ntrn To be funded aS here
inalttr specified, shall upon The presentation at the
same To- me Il reasurer OF The state. receive IN ex>
change therefor bond or bonds ol the state of
California pr.vided for in the first sesli n oi this
Acl: hut bond shall hr issW for less sum lhin
/ i've hnndr, dOllHr> nor fer fractional parS ot
! hundred doar-, but The Treasurer ray ISSUE Ger
uncalrs such I'nciiuuHl parIs not bonded which
said cerfc us shall he transferable ard 81 tlied to
! he funded before provided The Treasurer shall
endorse, the back of each claim .. crlted and
hquiiated. the date on which hc received tr same.
and from " ON. and the number Il The hOid issued
i'll exchange thertf" aid such claim shall oe filed IN
[ the office IT he Secretary ~ >nlr
SEC u. For lhr payment ~ithn twenty years Ot the
principal and interest oi the bonds issued un'"r mis-
Act. there shall he levied annually, until The bond,
paid. and promptly collected ia the sam manner
40 is or may be provided 10y Ia" for Ordinary State
! taxes Ot thirty c,nl- tHCh hln'lreu dol
lars OF the assessed y,lue Il real aud personal pro
prrtt m he state. ana the fund derived from this
tax shall be set apart ant apprd rXclu'ively 10 the
payment OF the lnlert 81 on tht bonds hercn pruvd
ed. and the final redemption OF The principal 'f said
! bonds, aud uhe f'uh OF the state of 'alitor IA l.
hereby pledged for the Uaymont rs herein pr vldrd
of The bonds ISSUED by virtue of tins Ac. and The in
! t.res thereon and nll moneys that may be rec ivcd
bV the Stale of CAhtofHiA tom the United states
Government account ot the CivIl Fund. so called
I nre hereby irrrvo ably pledged to the payment Of
the prucIal and interest on the n"nd- issued under
| this Act \ wlltul refusal or neglect by supervisors
or anv her officer Ia J. W collect the tax imposed
by this Act. shall be II m-dempanur, and the person
persons convicted thereof shall be removed from
Office aud punished 10y fine not exceeding one thou,
sand dollars or by imprisonment III me county Iall
not exc. ediug six months or by both such fine and
| imprlsonm nt
| Sec. 7 Whenever. on the first dav of Jfnua'y or
July n any there remains after the payment Of
the interest a. hereinafter prOvid'd surplus 0f ten
Thousand dollars or ore. I hall be the .iu of the
Treasurer advertise for the space of week IN
nne daily paper published IN English, ii, tire city uf
! New York. AMI Tor one month IN one daily newspa
| per pnb -hcd in Engn,h nj the Hute Capila Tor
senlrd proposals. to be- opened month after lhr
expiration OF such publications by The Treasurer. in
presence If The Govern rNomp roller AT the state
inpita for the surrender of bonds issued under this
Ar, which advertisement shall stat" The amount of
money he has on hand lor the purpose OF pion,
and lhey shall nccrpt th" Iowrs pr"posas M rates
not exc, edng par value a. may redeem The
amount oi bonds until the anoun oi ca.h On haud
! for redemption is exhauslrd Jrpridtd, howerer in
case "A sufficient amount "i such bonds shall not be
offered as aforesaid to eX haust the sink ing fund
less amount than ten thousand dollars. then il is
hereby made ih. duty o t"e Tr asurer to advrriis.
in two new spnpers. one in New York and onr NJ the
Cnilul of the state, for hrer months. which udVrr-
tisements shall state III" Ounl N the sinking fund
and the number ct bonds numbering them in tn,
order of their issuance VIII ch such rd II set aDHri
| To nay and discharge: ami If such bonds. So mum.
brr, in such advertiser ents shall not be presented
| for paym and cancellation within three months
! fron ihp expiration ot such publication. then such
fund shall remain in the Treasury to discharge such
| bonds whenevp' presrnt"d-bui they shall draw no
! interest after such publication ~ last aforesnid.
Sec. T. The Treasurer oi State slTnl Keep full and
particular account and record OF all his proceedings
! uudt this Act. aud uf the bonds redeemed aud sur
rendered md hr shall tram mil the t;oVernur az
abstract of nj his pro ee,lings uuupr this Act. with
his annual report. to be y the Governor laid belHr
the leg stature and all books and papers p,r ,rlair-
ing 10 lhe naiter> provided for in this shan "a. ~
t he open to the inspt cun of any pa " inte,.i
e,l. ar The GOV. rnur or the Attorney General ar n
committee Uf either ranch OF the Leg stature,
! Joint committee oi both.
SEC O. 1t shall he the duty Of the Treasurer tn nav
| The interest on said bOnds when the same lis due
udi oi said Interest fund il sufficient. aud If sad fund
be sufficient. then To pay the deficiency out or
he Genera Fund: Proridcd that the Comptroller OF
! State shalt first draw his warrant the Treasur. r
PAYABLE W the order uf sHi Treasurer for the nmOu-
Ot interest money about TO hecume ,lue which snid
Interest warrant shall be drawn ienst one month
| prrvinus to he maturing Of the interest.
See. IL. II shall be HE duty OF the Governor and
Comptroller tn attend, at e lst In each mon h.
at ,h Treasurer "icr, white said bonds are heiLg