Mariposa Democrat., 1857-06-25

Witness my hand and the great seal Of State, ut my
Office in Sacramento California the twenty-szth day o
May, A. D. 1851 DAVID + DOUGLASS,
GsEsLl Secretary of State
CHAPTER CCxLIv.
An ACT TO PROVIDE FOR PAYING CERTAIN EQUITABLE
CLAIMS AGAINST THE STATE OF CALIFoRNIA, AND
| TO CONTRACT A FUNDED DEBT FOR THAT PURPOSE
The People Of the STATE Of California; represented in
Senate and Assembly do enact as fOiioics
SECTION |. For the purpose of liquidating funding
and paying the claims against the State of California
hereinafter specified the Treasurer Of State shall
& be prepared suitable uOnds OF the State of CaifDr
mia, not to exceed the sum of three millions nine
lund ed tlous nd dollars bearing interest at the rate
OF seven per cent per annum from the date OF their
issue, payable at the State Treasurers Office on t c
/ first day Of July one thousand eight hundred and
seventy-seven; the interest accming on said bonds
shall he due aud payable at the Office of the Treasurer
of State on the first day of January and of July OF
each year: Pgoeded That the first payment OF in
terest shall not be made before the first dy OF nua
one thousand eight hundred and fty.nne. Said
bonds shall Iesigued by the Governor and counter
signed by the Comptroller, aud endlrsed by the Treas
urer of stite. and shall have the seal OF the State
affixed thereto.
SEC q Coupons for the interest shall be attached to
each bond, 50 that they may be removed without in
juy or muiilatinn to the bond. Said coupons, con
-ecntvey numbered shall be signed by the Treasurer
| of State.
! SEC. g. It snail be the duty of the Treasurer and
Comptroller of State each TO keep separate record OF
all such bonds may he Issued, hOwing the number,
date and amount OF each bond and tp whom the same
was Issued, and upon what clim, and its amrunt and
none nf the claims herein 81 ecied shall be quidlted
or paid but in the manner ereln provided.
/ SEC. A. The sum Of one thousand dlll rs IL hereby
appropriated ont Of any money in the Treasury not
otherwise appropriated to pay the expense that may
be incurred by the Treasurer In having said Eonds
prepared, but the Comptroller shall not draw his war
rant on the Treasury for this amount until there Is
money therein to pay the sane.
SEC. s. An persons having any Of the claims against
the State OF California, entitled To he funded a. herein.
alter specified shall upon the presentation of the same
to the IRE isnrer Of State, receive in exchange there
for bond or bonds oi the State OF California provided
for in the first sectinn Of this Act but bnnd shall
be Issued for les sum thin five hundred rs nor
| for fractional arts Of hundred dollars, but the
Treasurer NAV ssue certificates Of such fractional
parts not bonded which said certificates shall be tns-
ierhe and entitled TO be funded as before provided
The Treasurer shllend rse, the back Of each cl lin
received and liquidited, the date on which he re
ceived the same, and from whom and the number Of
the bond issued IN exchange therefor aud such claim
shall be filed in the office oi the Secretary Of State
Sac. g. For the payment within twenty years OF the
principal and interest OF the bonds issued der this
Act there shall he levied annually until the bonds are
paid and promptly collected in the same manner as is
or may be provided by law for ordinary State taxes
tax OF tlrty cents on each one hundred dollars of the
assessed value of real aud personal prDuery in the
apart and applied exclusively 70 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 California is hereby pled ied for the
payment as herein provided Of the binds issued by
virtue Of this Act, and the interest the eeon aud all
moneys that may be received by the State Of Calf r.
mia from the United States Government account Of
/ the Civil Fund, called are hereby inevocably
pledged to the payne OF the principal and interest
on the bonds issued under this Act. willful refusal
or neglect by Supervisors any other officer 10 levy
or collect the tax imposed by this Act shall be mis.
dereanor and the person persons convicted there.
of shall be removed from Office and punished by fine
not exceeding one thousand dollars, or by mpnson-
ment In the county III not exceeding six months or
| by both such fine aud imprisonment
SEC. l. Whenever on the frt day Of January or
July in any year. there remains after the pavmeut Of
the Interest ~ hcrenbeforc provided q surplus Of ten
thousand dollars more u shall be the duy Of the
Treasurer to adveii l1r the space Of one week In
one daily newspaper published IN English. In the city
OF New York, and ior one month ia one daily new
paper published IN English at the state Capital for
sealed proposals. to he opened month after the cx-
pirii1n Of snch publications ly the reasufrr IN the
pre-ence ~ The Governor ar Comptroller ut the 81
Capital Tor the surrender uf h1nds i-af ed nuder this
Act winch h.yetti,emcui shall state the amount Of
money he has nn ma iui .sc p4rnG.e ef redemption.
and they shall accept the lpwe safa-as NJ rltc- not
exceed ng par ytiue M y redeem the greatest
imount II binds until the auianf OF cash nn hand for
redempiinn j. exhausted prOrdfi hoirfrfr M ease
a sufficient amount Of such bond. aia nGt he offered
10 exhaust the sinking fund 90 les. lunlnt than ten
thousand dollars then Il is hereby made the .iy OF
the Treasurer b. advertise in two NEWSPAPERS one IN
New York and one at the Capital ~ this State for
three months, which adyei tisemens shah state the
amount IN the sinking find aud the number OF bonds
numbering them in the order of their issuance which
sirh fund is SET apart 10 pay and dis hargc; aud ~
snch bond, numbered IN such advertisements shall
not be presented for payment ard canc Hat on within
three mouths from the expiration nf snch publication,
then sneh fund shall remain in the Tfelsry o. d.-
charge such bonds whenev rpre ened-but they shill
draw no interest after such publication last afore-
said
SIC g. The Treasurer Of StIte shall keep fnll and
particular account and record % all His proceedings
under this Act. and nf the bond, redeemed and
rendered and he shall transmit t1 the toyenoran al
stra' OF all his proceedings under this Act with hi
annual report tn he by the Governor Ia le'oie the
/ Legislature and n bpuss aud papers ertaiing 20
the matters provided for In his Act shall at al time
he open to the inspection Of any party intere t or
the Governor, or the Attorney General, or committee
of G ther branch OF the Legislature, jliut com
mtiCe of both.
SEC o. It shall he the dty Of the Treasurer to pay
the interest on said bonds when smc fall. dne out
nf said interest fund, 1t sufficient aud ii said fund q
not sufficient, then to pay the deficiency out of the
General Fund Proriied. that the Comptroller ol
State shall first draw his wirrat the Treasurer,
payable to the order oi said Treasurer fr the aniunt
of interest money about u iec0me dlc which said
interest warrant shall be drawn at least mouth
pr,vinus to the maturing of the interest.
SIC 10. 1t -hall be the dity of the Governor and
Comptroller To attend, at least in each month, at
the freasurers off @, while said binds are being il
sued, 10 exlmiue all clims received by the Treasurer
- aforesaid, cause the same g. lie registered and
cance led in such manner a to p event them from
being rei.sued or p in circHdlinn
SIC. IL. The foil living are specified ns the claims
which are entitled tn lie received aud funded uud +
This Act Frt, Civil bonds of the State issued under
the funding Acts passed in the yeir- ISL 1852 1858
1855, and 1856, which are now out landing with in
terest due on the same when presented appears by
the coupons. Second, Cimptrlllc's warrant. drawn
under sanction OF law, for civil expenses p 10 Jan
uary It, A. ID. 1857, and now unt-tandng and IN.
paid but the provisions OF this Act > II not anth rzc
the funding Of any Of those warrants the registration
and endorsement Of which were cancelled or required
to be cancelled by the provisions of" An Act to cancel
the registration and endorsement Of certain warrants,
and prohibiting the payment OF the same approved
January 30lh, A. D. 1856, or warrants which have
been specifically adiudged Illegal by any CONT and
all said warrants specified in the last mentioned act,
are hereby expressly excluded from all the benefit.
and provisions of this Act. Thhd Just orlegal inns
against the State prior To January It, 1851
and which may be allowed and audited by Act Of the
Legislature. And if the Treasurer o State shall will
fully issue bond, upon claims not herein specified a.
receivable, it shall be deemed mi-demeanor, and he
shall be punished provided in section of this Act
and such bond shall be void.
SEC IL. The claims specified in this Act may lie re.
gpty fnr nj pla L.