Oroville daily Butte record., 1857-09-01
LEGAL NOTICES.
fBY AUTHORITY
ote on the state Debt.
OFYIcE or SECRETARY or STATE.
Sacramento, California, May 26- 1857.


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 sixth day
of May, A. D. 1857. DAVID +. DOUGLAS
[srAL.l 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 People of the State of California. represented an
Senate and assembly, do enact as tofOms;
SECTION For the purpose of liquidang, fund
in q and paying the claims against the state of Cali.
fornia hereinafter specified. the Treasurer of state
shall to be prepared suitable bonds OF the state
of California not exceed the sum of three millions
nine hundred thousand dollars, bearing interest al
the rate Of seven per cent per annnm from the dhte
of their issue. payable at the state Ireasurers office,
on the first day of July. thousand eight hundred
and Sc, enty seven: the interest accruin2 on said
bonds shall be due and payable at the ONCE OF The
Treasurer of State the first day of january and OF
July of each year. Propided. That the first payment
of interest shall not be made before the first day of
Ja- uary one thousand eight hundred and utty nihe
Said bonds shall be signed 10y the Governor ana
countersgned by the Comptroller, and endorsed by
the Secretary of State and shall nave the stdi oil Tue
State affixed thereto.
Sec 2. Coupons for the interest shall be attached
to each bond. 40 that they may be removed without
injury or mutilation to the bond said coupons. con-
urer of State.
Sec 3. 1t shall be the duty of the Treasurer and
Comptroller OF State each to keep separate record
of ali such bonds as may be issued, snow NJ lhe
number. date and amount of each bond, ana 10
W HON the same was issued. and upon what claim,
and its amount and none of the claims herein spe-
Gifted shall be liquidaed or paid but IN The manner
herein provided.
sec !. The sum Of one thousand dollars ia hereby
appropriated out Of any money III the Treasury not
otherwise appropriated To pay the expense that may
! hp hy ne
prepared, but the Comptroller shall not draw his
warrant on the Treasury for this amount until there
is money therein TO pay the same.
Sec All persons having any of the claims ag INST
the state of California, entitled 10 be funded Is here
iuafter specified shall, upon the presentation OF The
sa me to the Treasurer OF the s;Ate, receive in cX>
cha uge therefor a bond or bonds of the State Of
ornia provided for in the first session of this
AT: but no bond shall be issued for less sam than
five hu udrcd dollars, nor for fractional parts OF
I'm NJ ret dollars, but the Treasurer may !ssie GER
tdcnt os ,t such fractional parts not bonded, which
said ca -G Gates shall be transferable and entitled TO
be fund ed before provided. The lreaeurer shall
endorse on he hack of each Claim 80 received ana
louidated. Il date on which ho received the same:
and from ho IN, and the number ot the bond issued
in exchange tn refnv. and such claim shall oe HE'D IN
the Office of the secretary OF state.
sec e. For the payment within twenty years or the
nriucpal and ia ter est of the bonds issued under this
Act there shall be svieG annually, until the bonds
are paid, and promptly collected IN the sam manner
az is may be prCvlu cd Dy Ia" lof orl'huY Su'te
l
lars of the assessed Yiue OF real and personal pro-
pertv in the State. and the fdnd derived rom lhS
lax shall be set apart bn1 applied extensively 10 me
payment OF the interest ne bonds herein prpVId.
AL and the final retlemDun If the principal of said
bonds. and the faith of the stale oi 'Hllor n IS
hereby pledged for the paymcn nS hereh provided
Of the bonds issued by virtue OF 'his Ac ana he IN
terest thereon and all moneys that may oe received
| hv the State of California from ne buied states
Government on account OF the Civii 'uhu' 80 caihd
are hereby irrevocably pledged to I've payment ol
/ IN
this Act A wifu refusal or neglect 10y supervisors
or ary other officer TO levy collect TIE tax imposed
by this Act, shall be misdem"anOr ana the person
or persons convicted thereof shall be removed from
office and punished by fine not exceeding one thou-
sand dollars, or by imprisonment in the county Iall
not exceeding six months, or by both such me ana
imprisonment.
Soc. T. Whenever. on the first day of January or
July in any year, there remains. after the payment OF
the nteres, as hereinafter provid ed, surplus of ten
thousand dollars ore, It shall be the duty OF the
Treasurer advertise for the space OF one week IN
one daily paper published IN En@ilsh, IN the CITY oI
New York and for one month in one daily newspa-
per published in English at the State Capital, for
sealed proposals. to be opened one mOnih after Inc
expiraon of such publications by the treasurer, III
of the Governor Comp roller. at the State
Capital for the surrender Of bones ISSUED under TINS
Act which advertisement shall STATE the amount of
money he ha. on hand forlhe purpose OF redemption,
and they shall accept the loves proposals, ut rates
not exceeding par value as may re deem the greatest
amount of bonds until the amount OF cash ON mana
| fnr radpmntlOu
case n sufficient amount oi such bonds snail not be
ofared as aforesaid to exhaust the sinking fund to
less amount than ten thousand dollars, then II Is
hereby made the duty Of the lr insurer to advertise
i'm two newspapers. one III New loIh anu one ~ lhe
CoDta of the State, for :hree months, which adyer-
tsements shall state the amount IN thc SINKING iu
snd the number of bonds numbering them IN tho
orher of their issuance, when sucn Inhu Is sci apart
10 nav and discharge: and il sdch bends. so mum
bered in such advertiser ents shalt NOT be presented
for payment and cancellation "itn'h tnfee months
from ihe expiration OF such publications. then such
frnd shall remain in the Treasury TO discharge such
bonds whenever presented-but they shaii ara" no
Interest after such publication us last a'oresaid-
Sec g. The Treasurer OF State SHAH keep fuii ana
,articuar account and record OF all his proceedings
prndar this Act and of the bonds redeemed ana sur
rendered md he shall transmit to ire hoVerhor an
abstract of all his proceedings uhuer lhs Ntt' WIN
his annual report to be 10y the GoVernor ma before
tho legislature; and all books and papers pertain
t matters provided for in this Act, shall at all
lines be open to the inspection of any pa " interest,"
ed or the Governor, or the Attorney 1ehefhi' OF l"
committee of either branch OF the Legislature, or
Joint committee OF both.
Sec O. Il shall be the duty of the Treasurer l." pay
.ho interest on said bonds when the same thlls Que
-, ~ sad iueresi fund il sufficient. and If said fund
be not sufficient. then 10 pay lhe deuclehe! out !"
The General Fund pToUided. thht tAe Co'hbuoHeI Vi
State shall first draw his warrant on lhe treasurer
lnayabe Ia The order of said Treasurer Tor the aho".
psy;a,aras, money about TO become due, which said
,n,eres warrant shall be drawn at least one month
: preVious To the maturing of the interest,
SEE 10 Il shall be lhe duty of The Governor ana
Com ptroer to attend at least once I'D e'ch uohll'
AT the Treasurer's office while said bonds are oe'hs
lissnad IN examine all claims received BY the Irea-
surer as aforesaid. aud cause the same to ue regis
tered and cancelled in such manner as 10 prevent
then, from being re-issued or put la circuaiioh
See II The following are specIneo Us lhe cia'in7
which are entitled TO be received and dnded under
this Act. First C,y bonds of the State issued under