Oroville daily Butte record., 1857-06-25

{ tlh lnat the annexed - n True CbTitCt NoI! vi
the original Act on file in my Office.
! Witness my hand, and the greni seal Of State, nt
ca ce in Sacramento, California the twenty ysixth day
Of May, A. b. 1857. DAVID +. 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.
The P,oTic OF the Nats Of California, rspreseni,d
Snus and .4sscn,bly do enact as foHors
/ SECTIoS For the purpose of liquidnng, fund
ING, and paving The claims against the state of cali
ornin, hereinafter SpeGlfei. the Treasurer Uf tiHfc
shhl cause To- be pret ard suitable bonds oi the state
Of California not {" excc-d the sum OF hre hl"ns
nine hundred thousand dollars, bearing interest at
ne rate OF seven per cent per ann I'm from the Oue
of their issue, payable al the state Trea-urer's utc"
on the ir day of July. one thousand eight hundred
! aud - entl seven: The interest accrhn2 on SID
bonds shall be due and PAYABLE at he ohce of the
Treasurer Of State the trst day ut january and Of
Jlly of each wear: PrOrided. That the first pay ment
OF fint"rest shall not be made before the first day of
la uary. tho Isand eight hundred AMI fifty nine
Said bonds shall tp signed hy the GuVCruur. and
counIt rsigned by the Compr"lltr. and endorsed by
the secretary OF state and SHAH have the seul OF the
/ State alike thereto
sec ,. Coupons for tn. interest shall be attached
10 each bond So that It ey may be removed without
| injury muhlion to tn bond. said coupons. con
secuiivel numbered. shall be signed by the Trcas-
urer Of state
Sec 8. It shall be the duty of the Treasurer and
| Comptroller ul state each to keep separate record
# all such bends as may be- issued. showing the
number. date and amount ot each hOnd. and tu
whom he same issued. and upon hat culn,
and IT. amouut and nose of the c ains herein spe.
clt'd shalt be- Iiqu.dated or rad but i'll the manner
herein provided
sec. .. The sum of one Thousand dollars l. hereby
n; propriacd out uf any money in the Treasur, not
otherwise appropriated 10 pay the expense that may
he incurred by ne treasurer IN having said bonds
prepared, but the iump'r Her shHli not draw his
warran on the treasury for this amount until there
! ia u oney therein 10 pRS HE same.
Sec An persons having any OF the claims ag'in-t
the State of California. .nt"i to be funded n here
inarIrr specified, shalt, upon the presentation If the
same to me rta-ur-r of the STATE, receive in ex>
change therefor houd Or bonds of the state o
! California pr, vicd for in the first sesIi uf this
Act hut bond shall be- issu' for l'ss sum Than
tive huudr, i dollars, nor fer fractional parts OF
hundred dollnrs. bat The Treasurer rrny lS,u, Ger
liIcutrs "i such fractional parts not bonded which
sald ceric les shall b" trHnstrrahl" and ttlttd 10
be funded rs helOro provided The Treasurer snail
endorse, IN the hack of each claim :" rcelved and
ItQui, ae,l. the da which he rec"is ed tie sam"
AMI from whom aud The number 4 the bond ISSUED
in ex change thcrr'" AID ,uch claim shall De filed w
the ntiiCc II hp secretary Of slate
Sec o. For III" pay mcnt within twenty years of the
principal and interest ot the bonds issued nnfrr his
Aci. there shalt he levied anuunlN, until the bond,
are paid. and promptly collected IN the sam manner
N is or may hr pruvled 10y la" tpr ordinary state
taxes tax of thirty cents ON each one hundred dol
lars of thu, a-sessed value II READ and personal pro
ptrtt III the State, and the fund derived from this
lax shall be- set apart AMI applied rNclu-ivey Ia the
pnyueut o the interest ON the bonds heren pruvd
ed. and the final redemption OF me principal "f sad
| bonds and the fiith of the state uf ChilOr IN l.
hereby pledged tor the payment as herein tr Nid,d
of the bonds issued by virtue of this Ac', aud ia" in
t-reSt thereon and all moneys that maN he Hc"lv"i
| by the state of California t'Um the United States
Government on account O the CivIl Fund. So called.
nre hereby rrrvo'nhly plcdged 10 III" payment of
the principal and interest Oh III" bonds Issued under
this Act wlu refusal ar neglect by supervisors
or any Oher officer To l. Wy or corc the tax imposed
by This Act. shan be- ~ mi-dem"au"r. and the person
ar persons convicted thereof shall be removed from
Office, aud punished by fine not exceeding one thor
sand dollars. ar 10y Inprsonmcht ~ NE county lhll
not exc rdig six months, or by both such hne and
imprisonm III.
Sec. ! whenever. on the first da, of Jtnua'y
Jul, IN any there remains after the payment of
the Intrr hereinafter proNId'd surplus of ten
thousand dollars ore, hall be The 'iuy of the
Treasurer adY.riN" for the sp'ce of one week in
one dm!y paper published IN Engsh. IA tt"cl'y of
New Work. AMI tor one month III one dhiiy hrwspa'
per published in EngI,h AT th" tate capital. Tor
sealed propusps. to be- Opened onr month after h-
/ expiration OF such publications by ht Treasurer. in
lrtstnrc ut the Govern or comp roller. III the state
CnpIiat for the surrender of bonds ISSUED under this
Act winch advertisement shall stat" the amount Of
nor y he has on hahd for the purpose o rtdep pton,
and lhey shall accept the tu~t> pr"p"snls, at rates
not exc edlng par value "a may redeem he greatest
amount Oi bOnuS until the a'nuun O CH,h un baud
for redemption is exhausted: Jriridfd, hpcerer. in
case u sufficient amount ~ such b,n> shal not be
offered. as nturesni to exhaust the sinking fund To
less amount than ten thousand dollars then il is
hereby made thu duty OF t"e r' tsurer tn adNcrisa
in TWO newspapers one il New York and "nr AT the
apal of the stale. for 'hrer months which HdVrr-
tspmpntS shall state hr AN uuul IN the my fund
and the number oi bonds numbering them ia The
order of their -Su wh ch such luI Il l. set Apar
10 pay and discharge; ana II such bonds. so mum
brr, II in such advertiser ens. shall moi be presented
tor pay mrnt and cancellation within three months
from ihr expiration ot such pu''ichllon then such
fnd shall r, man in The Treasury discharge such
bonds Whenrve, present. d-bul they shall draw
interest after such puhica'iun ~ last aforesaid
Sec. Z. The Treasurer ol State shall Keep fall and
particular account and record OF all his proceedings
undt" this Act. and Of the hund> redeemed aud sur
rendered. md he shall tram mil to The Governor
abstract of al his pro celiugs unuer this Act with
his unuun report. Ia be- hy the Governor land before
the Leg stature aud all bOnks and papers pertain
ii es be open to The inspI cun of any pa lS interest
eel ar the Gov, rnor. or the Attorney General or u
committee of either ranch of the Leg stature
Joint committee Ot Outh.
Sec O. II shall be the duty nf the Treasurer tn pay
! he ntCrp-, ON said bouns when the same lis due
odt said interest fund II sufficient. and II sad fund
be Mt sutiiciert then 10 pa. the deficiency ont Of
the General Fund: prord,d that the Comptroller OF
State shall first draw his warrant on The Treasur r
payable u the order of said Treasurer ur the umout
OF interest money about to become Jue, which said
Interest warrant shnll be drawn least one month
/ previous To he maturing of the interest.
See. ~. II shall be lhe duty of the Governor and
Comptroller Ia attend, at le elst once In each month.
AT The Treasurer'- ttce while said bonds being
issued. Ia examine All claims received by the Trea
surer as aforesaid, aud cause the same Ia be regis
tired and cancelled in such manner rs tn prevent