Oroville daily Butte record., 1857-07-16
LEGAL NOTICES.
TBY AUTHORITY.l
V ote ON the state Debt.
OyrfcE OF SECRETARY or STATE.
Sacramento, California, May &c, 1857.

the original Act now on file in my office.
Witness my hand, and the great seal Of State, Al
on ce In Sacramento, California the twenty sixth day
of May. A. D. 1857. DAVID +. pouGLAS'
[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 a Funded Debt for
that purpose.
The Psrple OF the Strife Of Clfornia. represented IN
S,nate and Assembly. do enact as foboSS;
SkcTIoS1 For the purpose Of Iiquidating. fund
ing and paying the claims ngainSt the state of Cali
forna hereinafter specified. the Treasurer Of State
shall cause 10 be prepared suitable bonds OF the state
of California, To exceed the sum Of three Ihlons
nine hundred thousand dollars, henrlng interest at
the rate of seven per cent per annnn from the GATE
of their issue paynhIe at the state Treasnrers Office,
on the fr day of July one thousand eight hundrtd
and Sc enty seven: The interest nccrin2 on said
bonds shall he due and PAYABLE at The offce of The
Treasurer nf State on the fist day of JHnnary and Of
July Of ench wear: P-Orided. That the first pay ment
Interest shall not be made before the first day of
ia uary. one thousand eight hundred an fifty nine
Said bonds shall he signed hy The Governor. and
countersigned hy the Ccmpiroipr. and endorsed by
the Secretary Of tae ana shall have the seal Of the
State alike thereto
SEC 2. Coupons for the interest shall he attached
10 rnch bond that they may be removed without
injury or muiilaon 10 tn bond. Said coupons. con
4ecutively numbered shall be signed by the Treas
urtr of state
SEC 3. It shall he the duty or the Treasurer and
Comptroller ot State each TO keep "A separate record
# Nil such hcnf,s as ruy he issued showing the
number. date and amount "f each hnnd. and |"
whom he same was issued and uron hat claim,
and it, amount and none of the c nimi herein spt-
Gifted shall be- iqudaied paid but In the manner
herein provided
Sec a. The sum Of one ihorls nd dollars l. hereby
propriared out of any money in the Trcasnr' not
Otherwise appropriated to pay the cNp" se that may
be incurred by ne Treasurer in having said bonds
prepared. hut the tompr'ller shall not draw his
warrant The Treasury ior this amount until there
is Woney therein 10 pay III" same.
Sec All persons having any of the claims ag inst
The Siate of California entitled tu he funded NJ here
nafter specified, shall. upon the presentation at the
same To inc Treasurer of The STATE, receive in ex>
change therefor n bond or bonds of the state ot
California provided for IN he fir.t sesii u this
Act: hut bond shall he is.u' for less sum than
five hundred dollars. n"r far fractional parts OF
hli tlred dulnr-. but the Treasurer may issue GER
rtrntps q, sich i'arional paris not hOndrd which
said c-rtifc shall he rHnstrruhh aid entitled 20
be funded rs leore provided The Treasurer shall
endorse, the back of each claim 40 received ana
hQmita,rd the date on winch he received t'r same.
AMI from whom. and The number e he bend ISSUED
in exchange theref" AID such claim shall De filed IN
the office Of The Secretary uf state.
Sec d. For thr pay meut within twenty years of the
nriuipal and interest of the bonds issued un+rr This
AcI. there shall he levied annually until the bonds
nre paid mud promptly collected iu the sam manner
as Il or may he provded by law f'r ordinary State
taxes tax OF thirty cents on each on" hunrtd dol
lars of the a~spsspd vtlHe Il real tud rSuiI pro-
pcrt, in he Sinr, and the fund derived from his
ux shall he set apart AMI npp'"i exclusively to the
pny,rpn ot the inter. 81 ON the bonds lercm prnvid
ttl aud The final rPdpnp ion OF ihc prncipl 'f snid
houds aud the faith of the state of 'nlIior "a l.
hlehy pledged for The paSmcn' IA h"rril ir Nidrd
Of the bonds issued by virtue "f IL Ac. and the in
rest tn and all moneys that may he rec ived
hy the S1np of taiurnia to m the United Siaies
Government nn account o the CivI Fund. 80 called
ure hcrrly irr,yn ably pied. ed Ia ihr payment OF
the brrcil nj and intrrtit on tn" n"iId- issued h'r
this Act \ wih refusal ar neglect by ~up"rvis''r-
or anv o her officer 10 w ar co CT the inN imposed
by This Act. shall br n mi>dem"auUr and tile person
or persons convicted thereof shall he removed tram
office and punished by fin" not rXctcting one th"i-
sand dollars, or by imprisonment III he c'hhl! laii
NOT edir9 six months, or by ioth sllch nue. anu
imprsonm nj.
SEE Whenever on the first dny of Ifnua'y or
July in any there remains. after the nyn thi ol
HE interest a. hereinafter provtl' q. surplus" "i Ten
thousand dollars or ore halt he the 'iu yot the
Treasurer To adv, r. for the >puCe Of one week H.
ne daily paper pub ished in Enel-h, IL ire civ ~
New Work. AMI tor one month N one dhllN m"'Ia-
u, publ he'd in Engu,h NJ tine >taie Capital Tor
sealed prOpusals to b" upturi ON" mon'h after lht
expiration oi such publications 10y Tie Trrn>tIr'r. in
pr srucc The Govern rort tomp rnlI'r nt the stale
Capital forl surrender Of bonds issued under h-
Act, which advertise mrit shall >ihl" III" hnohh' Z"
n OF Nv he has on hahd tor the purpose O rrden ptnn.
and they shall ncc"pt The i"w"s p-"r"Sas, ht rates
not exc edng par value IL may redeem ~" Sri'tsl
amount n buntS tInlIl tnc n'honh o cH'ii bu hH"i
Tor r,.trmltion is xhn,i>'r; c'ded. howerer. in
c,,-r - sufi lent amount IT such bunl> >ha not be
ferd as ntOrrsli TO exhaust HE sinking ffnd tn
less amount than len thousand dollars. fhe1 ~
h rrby made th- duty o t"p Treasurer o advertise
u TWO news naperS. one in New YORK ard nM' nj the
Capital of the state. for ;hree inuslh'. which adN+r-
-emenis shall STATE III" ar otiui ~ i'e shkiu" ihn1
n the number of bonds Numbering them IN th'
order of their i-s lnce, VIII ch SuCf f Is SET apart
10 pay and discharge AMI II S,,rh Bonds. 50 nun
brr,s in such advertiser ehts. shit NOT be presented
for D,ympnt miHi cancellation within three months
from the expiration Ot such pu"lIcalinn then such
fud shall remain in the Treasury Discharge such
bonds whpuevp, present'd-bul they shall draw no
interest after such publication N last aforesaid.
Sec. e. The Treasurer oi State shall Keep fun and
particular account and record ot all his proceedings
under this Act aud Of the h1ih- redeemed aud sur
rendered. md ne shall traD~ init To the overnOr an
abstract of all his pm ceilings uhuer this Act. win
his annual report. to TIE ty the Governor lad heinre
the Legislature and all hooSs and papers pnraih-
ing To he matters provided for in This Act, -ha ~ all
ii es be open the insptctun of AMI pa tS Interest
ed ur the Goveinor. or the Attorney Genernl, or
committee of either branch OF the Leg stature, or Il
Joint committee OF bOih.
Sec o. II shall he the duiy of the Treasurer to pay
he Interest on said bonns when the same lis due
udt Of said interest fund, il sufficient, and If SAID fund
he n Il sufficient. then iO paS the deficiency out OF
The General Fund: prouidsd. thht the Comptroller OF
Snte -hall first draw his warrant ON The Treasur'r.
payabIe tu the order of sal Treasurer ur the nnol.t
OF interest money about to become lue, which said
interest warrant shall be drawn at least one month
previous To he maturing Of The interest.
sec. H. II shall be ihe duty Of the Governor and
Comptroller Ia attend at le st once In each month
u the Treasurev' ''fcr while said bonds are being
issiIed in examine all cnims received by the Tren-
sTer as aforesaid, and cause the same Ia be regis
tired aud cancelled in such manner a; io prevent
hem from being re-ssued or PIT ih circulation
sec. II The following are specified as the claims
which are entitled to be received and funded under
his Act: First, Civil bonds Of The State issued under
he funding Acts In the lSIl lS12. 1898