Oroville daily Butte record., 1857-08-07
LEGAL NOTICES.
IBY AUTHORITY.l
vote on the state Debt.
ovrIcE OF sKcREr.Ry OF STATE:

OF ce in Sacramento, California the twenty sixth day
OF May, A. D. 1857. DAVID +. DOUGLAS.
[srALl 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 PsopIe Of The State of California, represented in
Senate and .4ssembly. do enact as folors:
SECTION Fr the purpose of liquidainr, fund
ing and paying the claims against the Stale of tali
forla, hereinafter specified. the Treasurer OF state
shah cause to be prepared suitable bonds Oi the stale
of California not to exceed the sum OF three millions
nine hundred thousand dollars, bearing interest at
the raie of seven per cent per annnm from the date
of their issue, payable at the State Treasurers Office.
on the fr.t day of July. thousand eight hundred
and se' enty-scvpn The interest accruin2 on said
bonds shall be due and pnvabfe at the office Of the
Treasurer nf Slate on the first day of Jannnry ana OF
Juy Of each wear: Prorided That the first payment
of interest shall not be made heEre the first day of
ia nary. one Thousand eight hundred and fifty nine.
Snd bonds shall he signed by the Governor. and
countersigned by the Comptroller. and endorsed by
the Secretary Of STATE and shall have the scale the
State afixe thereto.
Sec Q Coupons for the interest shall be attached
to ench bond 80 that they may be removed without
injury mutilation to the bond. said coupons con-
secuvely numbered shall be signed by the Treas
| urer of Stale.
| Sec g. 1t shall be the duty of the Treasurer aud
| # all such bonds may be issued showing the
| number date aud amount of each bond, and to
! who IN he same issued. and upon what claim,
and its amoaint: and none Of the Gains herein spe-
Gifted shalt he liqu.daed or paid but in the manner
| herein provided.
Sec D. The sum of one thousand dollars is hereby
al proprated out of my money IN the Treasury not
otherwise appropriated 10 pay the expense that may
| he incurred by inc Treasurer in having said bonds
! prepared, but the tomplrller shall not draw his
warrant on the Treasury for this amount uniii there
| Is money therein to pay the same.
Sec All persons having any Of the claims ag g'inst
The Siate of California. entitled 10 he funded rs here
naier specified, shalt, upon the presentation et The
same To the Treasurer OF The STATE receive IN eS
change therefor bond or bonds of the state nt
California provided for in The first session ~ TINS
Act: hut no bond shall he issu'd for less sum than
J five hundred dollars. nor for fractional paris OF
hundred dollars. but the Treasurer may issue GER
! tfciies ot such iraclinna parts not bonded which
said cerifc t,s shall he transferable and entitled to
be tended before provided The Treasurer snail
endorse ON the back nt each claim ~ received and
| qudaied. the date on which he received the same
and from whom. and The number e the bond issued
in ex xrhnrge thereto AID such claim shall DC filed IN
! the Office Jf The Secretary ot slate.
| Sec g. For The payment within twenty years Of the
ntin,puI and interest OF the bonds issued under This
Acl. there shall he levied annually. until the bonds
nre pail. and promptly collected in the sam manner
~ is or ulnV be- provided by law for ordinary state
taxes " tax Of thirty cents on each one hundred do"
lars of the fssessei value Ji ren and personal pro-
p,rtN m The state, ana the fund derived from this
lax shall be set apart AMI applied exclusively 10 me
payment o the interest on the bonds herein provd
cd aud The final redemption oi the prlhcpnl al said
bonds and lhe fnilh uf the state of tHiOr IA l.
hereby pledged for the rnNmcn' ns herein rr Vded
the bonds issued by virtue u tlis Act aud me IN
SrreSl thereon and gll moneys thH, NAV be received
IL, the SINE of California it m the United States
Government on account Oi the civil Fund. so called
IRE brrchy irrevorably pltElv TO the payment OF
the prInc al md interest on lhe bonds issued under
this Act A wiltul refusal or nrgect by supervisor,
Or any o,her officer to l. w or collect the tax imposed
by this Act. shall be mi-demrannr. and the person
or persons convicted thereof shall be removed from
ufic,. aud punished by fine not exceeding one ih"-
sand dollars or by imprisonment IN The county jan
not exc. tdiue six months, or by boh such hue and
imprisonm' n
Sec Whenever. on the first dav of Jsnuary or
July in any year. there remains after The payment "I
The interest a. hereinafter pfovd d. sllrpusoi Ten
thousand dours ore. I shn he the iuiy OF the
Treasurer to advertise for the space of one week ~
rne daily pAier published in English. liz ire CITY "f
New York AMI Tor month IN one daily neWspa-
pr publ he'd in Engiish Mt the state tnpitn'. Tor
sealed proposals. TO be opened one month after The
expiraliun OF such publications by The TREASURER IN
rtsence # The Governor Comp roller. NJ The state
Capital for The surrender Of bonds issued under this
Act. which advertise mert shall Stale the amount Of
mo4y he has on haI.d for the purpose o redemption,
and0bey shah accept the loves proposals, at rates
not en- Eteding par value as may redeem The gralesl
amLffnt of bonts until the amount OF cash On hand
for redemption is exhausted; Irocided hoperer, IN
| cnse n sufficient amount al such bonds shall not be
Oilefed hS HOreShlI 10 tSntist lit skiiig thu o u
less amount than ten thousand dollars. Then II Is
hereby made the duty oi toe Treasurer To advertise
i'm two newspapers, one in New York aud one at the
Capjta of the State, for three months, which adver-
tsements shall state tn. an cunt IN the sinking und
and the number of bonds numbering them IN the
order of their issuance, VIII ch such ii Is get apart
iospay and discharge and il such bonds, SD num-
bered in such advertiser ents, shall not be presented
for payment and cancellation within three months
from, ihe expiration OF such publication, then such
fund shall remain in the Treasury 10 discharge sncf
bonds whenever presented-but they shhii draw nc
interest after such publication a~ last aforesaid.
Sec. g. The Treasurer oi State shall Keep full and
particular account and record of all his proceedings
under this Act, and of the bonds redeemed aud sur
rendered. md he shall transmit to the Governor az
abstract Of al his pro- eeedings uiuer ms Act wiz
his annual report, to he by the Governor iad before
the Legislature and all books and papers pertain
ing to The matters provided for in This Act shHl at al
.imes be open to he inspection OF any pa y Interest
Ell. or the GoveinDr, or the Attorney General, or
committee of either branch OF the Leg stature, or
ioint committee OF both.
Sec O. 1t shall be the duty Of the Treasurer I" pay
he Interest ON .ad bonds when the same his uir
out of said interest," fund, il sufficient. and II sad il'
be not sufficient. then 10 pay the dehclehcy OUT
llhe General Fund prorided. that the Comp'ro'tF
Stale shall first draw his warrant on the ~ 'eas.l .
payable to the order OF said Treasurer ohe anon:
OF interest money about TO become Jue, whch sai. sai.
interest warrant shall be drawn at least one hiohe'
} previous to he maturing Of the interest.
Sec. ~. II shall be Ihe duty OF the Governor at'
Comptroller to attend, least once IN ehca ihohh
lit the Treusurers Office, while SAID oons arc gels @
issued 10 examine all clatns received by the lreh
surer rs aforesaid, aud case the same to be regis
tered and cancelled in such manner ~ 10 p'e'eH
them from being Feissued or pat ih ciFcuIatioh
Sec IL. The following are specIhtc ~ Inc c'a',h
which are entitled 10 be received ana uhue uls,e
I'M e t