Oroville daily Butte record., 1857-08-12
LEGAL NOTICES.
IBY AUTHORITY.l
vote on the state Debt.
OFFIcE or SECRETARY OF STATE.

of May, A. D. 1857. DAVID F. DOUGLAS.
[srAL.l Secretary Of State.
CHAPTER CCXLIV.
An Act to provide for Paying certain Equit-
| able Claims against the State of Caiifor-
MIA, and to contract Funded Debt for
that purpose.
The Peope of thc State Of California; represented in
/ SfaGtc and .7ssemJly. do enact as foUows:
| SEcTIoN l Fer the purpose Of Iiquidating, fund
ing, ard paying the claims against the state Of Cali
lornin, hereinafter specified. the Treasurer of Stale
shall 10 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 rate of seven per cent per annnm from the GATE
OF their issue pnyabe at the state 1reasurers Office,
on the first day of July. thousand eight hundrt
! and se' eniy.seYen: the interest accruin2 on s,id
bonds shall be due and PAYABLE at the Office Of the
Treasurer OF Slate the St day of january and Of
July of each wear: Pr0pided That the first payment
Ofn"resi shall not be made before the first dGy of
ia uary. thousand eight hundred and fifty nine.
Said bonds shall be signed by the Governor and
cOunle rsgned by The Comptroller and endorsed by
the Secretary OF state, and shall have the seal of the
State affXe1 thereto.
Sec =. Coupons for the interest shall be attached
| To each bond so that they may be removed without
| injury or mutation to the bond. said coupons. CON
secuvely numbered. shall be signed by the Treas
urtr Of Siae
Sec. g. 1t shall be the dn'y Of the Treasurer and
Comptroller OF ~tntc each 10 keep separate record
Vt all suCn bonds rs may I've issued, showing The
number date and amount nf each bond, aud to
whom he same was issued. and upon what claim,
and its amount and none Of the { aims herein spe.
cnad shall bP iiqu.dated or paid but in The manner
herein provided.
/ Sec. a. The sum Of enc thousand dollars T. hereby
a rprOpratCd ont Of any money IN The Treasury not
otherwise appropriated 20 pay the expense that may
be incurred 10y lhe Treasurer in having said bonds
prepared. hut the tumpr'llcr shall not draw his
warrant on the Treasury for this amount until there
is Toney therein TO pay the same,
Gt lntt tfrEf
The state of California. entitled To he funded as here
inarer specified shall upon the presentation of the
to the Treasurer OF the slate. receive in eX>
change therefor hord or bonds of the state of
California; provided for in The fret session Of this
Act: hut no bond shall lie ssu' for less sum than
i've hundred dollars, nor fer fractional pnr's of
hundred dollars. bul The Treasurer may issue GER
iiHCatps a. such fractional parts not bonded. which
said ccrifc tics ehall Toe transferable aud puliticd 70
be funded as before provided The Treasurer snail
endorse, ON the hnck OF onCh claim Received and
hquid0ted. The date on which he received The same.
aud from whom. and the number Ct the bond issued
in exchange thereto .ald such claim shall DC fled ~
the office oflhc Secrt tary of STATE.
sec 6. For the payment within twenty years Of The
principal and interest of the bonds issued under this
Act, ihcre ehGll hc lcvUG Hununv. until The bonds
are paid. aud promptly collected ia the sam manner
M is or muy he provided hy law for ordinary STATE
taxes, tax Of thirty cents on each one hUudred dot
lars Of the assessed vlue q reu and prrsonni pro-
pertv IN he STATE. and the fund derived from this
tax shall toe set apart AMI applied exclusively 10 the
payment of the iniers st ON the bonds herein prny.
ed aud The final redemption OF he principal of said
bonds and The fiith of the state of tuiiiOr IA i
hereby pledged for the ralmcnt as herein provided
of the bonds issued ny virtue Of This Ac and the in
ttresi hcrton ard all moneys that may be received
by the state of California from The United States
Government recount of the tiyIl Fund. so called,
IRE hcrcly irrfV0cahly pledged To the payment Of
the princ al and interest on The bonds issued under
Ilis act \ willGl refusal ar neglect by Supervisors
or any olher officer To rvy or collect the tax imposed
llN This shall p ni-tlpnGNOr, and the
ar persons convicted thereof SHAH be removed from
office ard punished by fin" not exceeding one thou-
sand dollars or by imprisonment in the county Jail
/ not exc ediue six months or by boIh such fine ANA
imprisOnm' ut.
Sec. Whenever, on the first dav of T9nuary or
July In any YEAR there remans after the payment 0f
The Incr II n hereinafter provided, Surplus of ten
Thousand dollars ore, 4 shalt be thc dry Of the
Treasurer To- advertise for the space nf one week in
/ one dHy paper pub ished in English, il tie cry of
New Work. Gnl for unc month IN one di,ily newspa-
per puhlihcd in En@ith at the state Capital. for
spnrd prOpussls. Ia be opened one month after he
cAiraiidu Ol such publications 10y the Treasurer in
presence The Govtrn'r comp roller. ut He Sntc
Capital for The surrender Of bonds issued under this
Act, which advertisement shall state the amount ut
money he has on hnhd forlhc purpose OF REDEEM pton,
and hcy shnll ACCtpt the loves pron0sals. at r;ips
not exceeding par value IA may redeem The gr'atesr
emOuni OF bonds un,i The aWpun OF cu~h Un hand
for redemption is exhausted; Ir3rfdcJ, hoverey, in
case - sufficient amount ui such bonds shall not be
offered aiCresH to exhaust the sinking fund to
less amount than ten Thousand dollars. then II is
hereby made The duty OF t"e Treasurer 10 advertise
in TWO news papers. one in New iUrs and oHr at the
Capital of HE state, for three months. which adver
tisements shall state III" IN Ouni ~ the sinking fund
and the number of bonds numbering them in the
order of Their issuance ch such fund II sci apart
! To pay and discharge: ana il sich bonds. mum
bpd in such advertiser euts shalt not be presented
/ for payment and cancellation within three months
from ihe expiration Ot such publication. then such
, fund shall remain in he Treasury 10 disch:r4e such
I bonds whenever preseDtCd--but they shall draw no
interest after such publication ~ last aforesaid.
Sec. 2. The Treasurer s}atc shall keep full and
particular account and record OF III his proceedings
under this Act. and If the buHds redeemed aud sur
rendered. 'nd he shall trnnam'l to the Governor an
abstract OF all his proceedings uhuer This Act. with
his annual report to be by The Governor laid before
the Legislature and al HOOKS and papers prrtuiu-
ing to the matters prni ided fpr this hct. sha nc AL
times be- open 70 he inspt con Of any pm ~ Interest
ed, or the Governor, or the Attorney General or
committee OF either branch Of the Leg slnlL. e.,
joint committee Of both.
| Sec Q. II shall bo the duty of the FreaEarCr -i
;hc interest on said boLGs when The sun" go, I.'
od Of said interest fund, Il suffice ut, ani 81 't t'
be not Sufficient. then TO pay tte @"i,'enc. 49,.
! the General Fund; pT0rilcd. tk't Vie 'pHrt'.t
State shalt first draw his warraut oa itit ittt'.
payable to The order OF sal Teasufer iar ii" ''''
OF interest money about 10 become lee, "teh ,.'
interest warrant shGlI be draw ~ ie''s! 'ic n''
previous 10 The maturing Of the Interest
See. IT,. Il shall be HE dnly OF tie Go'r5f a-.
Comptroller 20 intend, at r st once IN c"cn moH -
at the Treasurer Office, whi'e SAID bonds hf" - 1914
issued. TO examine ali claims received b; 'i'' t'.F
slTer aforesaid and cause the same ~ hc ~
tered and cancelled ia such manner a. n pfeVe'I
them from beiug re-issued or pl' Ia eirc''-l2'.
Sec. IL. The following specified n me CLAIMS
which are entitled To be received ana iih"c nhI'
this Ac First, Civil bonds Of the state lss'el rldr
The funding Acts passed in the years lsj icI2- 1913
1855 and 1856. which are nos outstanding. "i'ifin
terest due on the same when presented rs appei'