Butte record. (Bidwell, Butte County, Cal.) 1853-1858, 1857-06-13
EGAL NOTICES.
IBY AUTHORITY.l
ote ON the State Debt.

| ty that the annexed is true and correct copy OF
the original Act now on file in my office.
Witness my band, and the great seal of State. at
of ce in SACRAMENTO California the twenty sixth day
of May. A. D. 1857. DAVID +. DOUGLAS,
lsEaL.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 P.apie OF The STATE Of California, rrpresenfed
S.nrte and assembly. do enact as Jobous
SECTION For the purpose of liquidaing. fund
lpp and paving the claims against the State of Cali
fornin hereinafter specified. The Treasurer of State
.hal cause to be pref AIRED suitable bonds OF the Stale
of California, 10 exceed the of three millions
nine hundred thousand dollars, bearing interest at
the rate Of seven per cent per AMMAN from the cate
of their ISSUE payable at the State Treasurers oficr.
ON the fir day of July. one thousand eight hundred
| and Sc eny seven: The interest accrtin2 sid
bonds shall be due and PAYABLE at he Office of the
Treasurer of Slate the first day al january and of
July of each Preceded. That the first payment
interest shall not be made before the first day OF
la uary, tho asand eight hundred ana fifty nine.
Said bonds shall tie signed by the Governor. and
countersgned by the Comptroller, and endorsed by
the Secretary of State and shall have the seal OF the
Slate affixed thereto.
Sec 2. Coupons for the interest shall be attached
! to zach bond so that they may be removed without
injury muation to the bond. Said coupons. CON
seculiveiy numbered. shall be signed by the Treas
urer of State
Sec. 3. 1t shall be the duty of the Treasurer and
Comptroller Of State each to keep separate record
| # all such bonds may be issaeJ showing the
| number. dale and amount of each bond, and Ia
whom he saHla WIS issued. and upon what claim.
and its amount; and no'e of the aims herein spe
cifi"d shall be hqu.dated or paid but in the manner
| herein profi6cl.
Sec. :. Tie sum of one thousand dollars i hereby
propriatad out of any money in the Treasury not
Otlt Use alpfOD-is.icI 10 the that
be incurred by ne Treasurer in having said bonds
prepared, but the tomp;rlcr shall not draw his
warrant on the Treasury for this amount until there
is money therein to pay The same.
Sec. All persons having any Of the claims ag inst
the State of California entitled be funded here
inaer specified, SHALL upon the presentation e the
to Inc Treasurer of the State, receive in ex>
change therefor houd bonds OF the State of
California. provided for in The frat session of this
Act; but no bond shall be issutd for less sum Than
i've hundred dollars. nor for fractional parts of a
hu ndred dollars, but The Treasurer may issue
Iifcaies OF such fractional parts not bonded. which
said certificates shall be TRANSFERABLE and entitled 10
be funded before provided The Treasurer shall
endorse, on the hack of each claim received and
lIquidated the date wnich he received the
anI from whom. and the number ct the bond issued
in go ;her 70, aud such claim shall DE hled III
, the office Of the Secretary OF State
Sec g. For the payment within twenty years of the
principal and interest of the bonds issued under his
Act. there shall be levied annually, until the bonds
are paid. and promptly collected in the sam manner
az is may be provided by law for ordinary State
taxes tax of thirty cents each one hundred dol
lars of the assessed value Ct real and personal pro-
perry in The State and the fund derived from this
shall be set apart AMI applied exclusively to the
payment of the interest the bonds herein provid-
ed and the final redemption of The principal Of said
bonds and The faith of the State of Cailor IN is
hereby pledged for the payment us 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 t'om The United States
Government account OF the Civil Fund. so called
! herf.by irreVDrIbly pledged TO the payment Ol
the principal and interest the bonds issued under
this Act wiful refusal or neglect by Supervisors
or any OF her officer hwy collect the imposed
by this Act, shall be "A inisdemeanor, and the person
or persons convicted thereof shall be removed from
Office and punished by inr not exceeding one thou
sand dollars. or by imprisonment IN me county Jan
not exceeding six months, or by both such hne and
impr!sonm Mt
Scr. I Whenever on the frs, day of jim or
InIy in any y.ar there remains after the payment OF
The ,ntere 81 as hereinafter provl n -urpl,ls of ten
thorsand dallars or ore 1 shall be the us of the
Tr.osurer 10 advertise for the space of one week in
ono Ia,lv naner published in English in The CITY nj
Na,v YORK AMI for one month in one daily newspa-
nor nnbIi. he'd in EngIirh ut the State Capital Tor
Sealed proposals to be opened one month after The
expiration OF such publications by the Treasurer in
presence Of The Governor Comp roller. at the State
canai for the surrender of bonds issued under this
Aci which advertisement shall state the amount of
money he has on hand for the purpose OF redempton
and hey shall accept The loves proposals. at rates
moi exceeding par value as may redeem the greatest
amount OF bon.is until the OF cash hand
for redemption is exhausted; Truuided. houerer, in
case u sufficient amount al such bonds shall not be
offered as aforesaid, to exhaust the sinking fund
less amount than ten thousand dollars then Il is
hereby made the duty OF Treasurer to advertise
| in two news pnpcrs, one in New York and one ut the
Capi,a of the State for hrce months which adver-
tisements shall state the cunt in the sinking fund
and the number of bonds numbering them in the
order of their issuance wh Oh such i'rd IS set apart
to pay and discharge ana II sdch oonos' so mum,
bered IN such au'erse ehts, sha no. oe presented
nj
from me expiration OF sucn puphca'ioi' iheh sech
innd sfaii remain III lhe treasury 10 u'scn,rse sech
bonus whenever p'esenieu-o"' 'i'ef s"''i "a" Ho
Interest after such puhiicaiion aS last aiofesoiu
Sec. I. The treasurer Oh state shai keep iil ana
ia .cu.i account and record OF all his proceedings
gnAe, this Act, aad Of the bonds redeemed and
rendered md he stall transmit to the Governor an
abstract IF all his pro reedings unuer this Act with
his annual report to he by the Governor laid before
the Legislature and all books and papers pertain
ing toIhe matters provided for in Ibis Act. shall all
no omen IN The insp cnn OF zay pa is interest.
oil ar Tho fiove-nor or the Attorney General or n
commit,ee IF either branch of the Leg, stature or n
~. .o',,'ns,. ,,n; ~ ot RON ~
81. a :, shau he the duty of the Treasurer Ia nav
.ha ir,sres, an .,;d bon6s when the same ia dae
n1t of said Interest fund if sufficient and if said fund
he not sufficient then TO pas the deficiency out OF
tho ceoer,I Fund: Dreridsd that The Comptroller of
State shall first draw his warrant on the Treasur
payable the order of sal Treasurer for the amour:
of interest money about to become due, which said
interest warrant shall be drawn al least one month
previous TO ilse esxsgring of the interest,
Sec 10. II shall be the duty of the Governor and
Ccnptrolfer to attend. at eist once IN each monih
al me freasurers once ~hlie san oons are Te'ns
ISSUED, 10 examine al ,se he same 10 he repis
t.rad and cancelled in such manner as 10 prevent
than from being re-issi,et or nut il. circulation.
Sec. II The following are specified as The claims
which ara eu.iea a. he received and funded under
~ ,o r.. C,,;i honds of tho state issued nnd,r
,h rud;ng Ats ,ossed in the wears 1881 1852 1853
| ,e5, ond Isse which ,ra nov outstanding with in
go, 800 IT, , ~ 10 sor,a Whom nres-nt.d as anpears