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

Ote on the State Debt t.
OFFICE OF SECRETARY OF STATE,
Sacrame nto. California, May &c, 1857.
navID F. DOUGLASS. SECRETARY OF
State of the State Of California, do hereby GER
tiy that the annexed is true and correct copy OF
the original Act now on file in my office.
Witness my hand, and the great seal of State, at
OF ce in Sacramento, California. the twenty day
Of May, A. D. 1857. DAVID F. DOUGLAS,
[sEALl 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
TIE People OF the State Of California, rspreserrd IN
Sn,te and .7ssem6iy. do enact as Jolops
SECTION For the purpose of liquidating. fund
ing and paying the claims against the State of Cali
forla, hereinafter specified. The Treasurer of Stale
shall cause 10 be piej AIRED suitable bonds of the State
of California not 10 exceed the of three millions
nine hundred thousand dollars, bearing interest at
the rate of seven per cent per amman from the nate
of their ssue payable at the State Treasurers Office.
| on the fir day of July. thousand eight hundred
| and Sc enty seven: the interest accriua on s1id
| bonds shall be due and PAYABLE at he Office of the
Treasurer of State Cd the first day OF January and OF
July of each Prorided. That The first pay ment
of interest shall not be made before the first d;y OF
ia uary one tho Isand eight hundred ana fity-nine
Said bonds shall he signed 10y the GuvernOr. and
countersigned by the Comptroller, and endorsed by
the Secretary of State and shall have the seal of the
State affixed thereto.
| Sec ?. Coupons for the interest shall be attached
to each bond 50 that they may be removed without
injury mutilaticn to the bond. Said coupons.
| secuyely numbered. shall be signed by the Treas
| urer OF State
Sec g. 1t shall be the duty of the Treasurer and
Comptroller Of State each to Keep separate record
# all such bonds as may be issGeJ. showing the
| number. date and amount of each bond, and 10
| whom he saWa was ISSUED. and upon what claim,
and its amount; and none OF the aims herein spe
CITED shall be iiqu.dued paid but in the manner
herein provided.
Sec. :. Tie Of one thousand dollars il hereby
al propriatad out of any money in the Treasur, not
otherwise appropriated 10 pay the expense that may
| be incurred by ne Treasurer in having said bonds
prepared, but the omp;rlrr shall not draw his
warrant ON the Treasury for this amount until there
is money therein 10 pa. Ihe same.
Sec. Ali persons having any Of the claims ag inst
the State of California entitled TO be funded here
nafier specified shall, upon the presentation Of the
same to me Treasurer of The STATE, receive in ex>
change therefor bond bonds OF the State of
California provided for In lhe frat session of this
Act: but no boid shall be issutd for a less lhai,
i've hundred dollars. nor for fractional parts Of a
hundred dollars, bnt The Treasurer may Issue Ger
Iifcaes Ui such fractional parts not bonded which
said certificates shall be TRANSFERABLE and entitled TO
be funded Us before provided The Treasurer snail
endorse, ON the back of each claim received and
laudaied the date on wnioh he received the same
and from whom. and the number ct the bond issued
in rh. q Their 20 aud sc-t claim shall DE filed in
the office Of The Secretary OF State
Sec q. For The meat within twenty years of the
principal and interest of the bonds issued under this
Act, there shall be levied annually, until the bonds
paid and promptly collected in the sam. manner
as 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
pert, in the State. and the fund derived from this
tax shall be set apart ant applied exclusively to the
payment of the interest ON the bonds herein provid.
ell and the final redemption of :he principal Of said
bonds and The faith OF the State of Caifor IA is
hereby pledged for the payment as herein provided
of the bonds issued by virtue Of this Act and The in
terest thereon and all MONEYS that NAV he received
by the State of California t'om the United States
Government account OF the Civil Fund. so called
are hereby irrevocaby pledged TO the payment oil
the principal! and interest on the bonds issued under
this Act wilful ref isa neglect by Supervisors
or any other officer levy collect the tax imposed
BY this Act. shall be misdemeanor and the person
or persons convicted thereof shall be removed from
ofire and punished by line not exceeding one thou
said dollars or ny imprisonment in the count, Jail
not exceeding six months, or by both such fine and
imprlsonm mt
sec7 Whenever. on the frs, day of Jf nua.s or
July in any year there remains after the payment OF
the hereinafter provided. surplns of ten
thousand dollars ore. I shall be the luit of the
Treasurer advertise for the space Of week in
one daily paper published IN English, lii TIE CITY "
New York AMI for month in one daily news pa
| per published in Englrh at the state Capital, Tor
seated proposals. to be- opened one month after The
expiration OF suCn ny tIe treasurer, IN
presence Of The Governur Comp roller ut the State
Capital for the surrender of bonds issued under this
Act which advertise ment shall state the amount of
money he has hand for the purpose OF redemption,
and they shall accept The loves proposals. at rates
not exceeding par value may redeem The greatest
| amount OF bombs until the amour OF cash on hand
for redemption is exhausied Trsuided. houerer, in
case u sufficient amount "i such bonds shall not be
offered, aforesaid to exhaust the sinking fund
less amount than ten thousand dollars. then il is
hereby made the duty OF the Treasurer to advertise
| in two newspapers one in New York and one ut the
Capital of the state, for ;hrce months, which udver
tisements shall the in the sinking fund
and the number of bonds numbering them in the
order of their issuance VIII oh such fund IS set apart
TO pay and discharge: and if such bonds. num-
bered in such advertiser enis shall not be presented
| for payment and cancellation within three months
from The expiration OF such publication. then such
fund shall remain in the Treasury to discharge such
bonds whenever presented-bui they shall draw
| interest after such publication as last aforesaid.
Sec. 8. The Treasurer State shall keep full and
particular account and record OF all his proceedings
gnder this Act. aud Of the bonds redeemed aud sur
rendered md he stall transmit to the Governor
abstract If all his pro reedings uuuer this Act. with
his animal report to be 10y the Governor laid before
the Legislature; and all books and papers pertain
ing The matters provided for in this CT shall ut all
tirIes he open the elton OF zy pa ~ interest
ed, or the Governor, or the Attorney General, or u
committee of either branch of the Leg stature, or
Joint committee OF both.
Sec g. 1t shall be the duty of the Treasurer to pay
| The interest said bonds when the same la dse
of said interest fund. il sufficient and if said fund
be pot sufficient, then To pas the deficiency out OF
the General Fund prorided that the Comptroller of
State shall first draw his warrant on the Treasnr r
payable to The order of sal Treasurer for the amont
of interest money about to become Jue, which said
interest warrant shall be drawn at least month
previous to The ssxturing of the interest.
Sec. TO- 1t shall be ,he duty of the Governor and
Ccaapirorer attend, at lest once In each month
at the Treasurer's Office, lille said bonds are being
issued, To examine all claims received by the Trea
surer aforesaid, aud cause the same In be regis
tered and cancelled in such manner as to prevent
| them from being ressued or pat ii circulation.
! Sec IL The following are specified as the claims
which are entitled TO be received and funded under
this Act: First, Civil bonds OF the State issued under
the funding Acts passed in the years 1851, 1852 1855
1858. and 1856. which nov outstanding, with In
| erest due the same when presented. as appears
| by the coupons. Second, Comptroler's warrants
drawn under the Sanction of law, Tor civil expenses
prior to January LIST, A. D. 1857. and outstanding
ami unpaid but the provisions of this Act shalt not
authorize the funding ot anr Of those warrants. the
registration and endorsement of which cancelled
by the provisions of IAN Act to cancel the registrar
| and endorsement Of certain warrants and PROMPTS
ing she payment OF the same. approved 2aEtIary Both
a. % 1876. warrants which have been specifically
adjudged Illegal by any Court and all said warrants
specified in the last mentlSn'd set. are hereby ex
rreselg excluded froM all the benefits and Fisons
t,f this ae Third Just or legal claims against the
Stale ccraed prior 10 Jannary LIST. 1851 and which
NAV be allow ed and audited by Act OF the Legislature
| And if the Treasurer of State shall wi.fully issue
bonds upon claims not herein specified receivable
il sssil be deemed misdemeanor. AID SHAH De pun
shed as provided in section oithis Act, And such
bond shall be void.
Sec L. The CLAIMS specified in tiis Act May be re-
ceved for funding and bonds therefor may be iesued
prior to the first day of January 1850 but not after
wards: and all claims not presented for funding pri-
or to that time, excluded fiou the provisions of
this Act. and such blank bonds prepared under the
prov isons of this Act, shall then ain
shall Destroyed in the paesence of the Governor,
Comptroller and Treasurer.
Sec 49, This Act shall take effect the first day Of
A ID 1887 IA, all mr., i.ions axraut