The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-02-04
Issuing Of Treasury notes.

The bill Was read through, and without
amendment the committee rose with ~.
COMMUNICATION that tho bill 10 put upon its
final passage, which was agreed 10.
The bill was then read third time, and
the vote being taken on is hnai passage, II
was passed 10y the following vote;
Y..sN..xrs p,ca, r.lcomha ur.v u.,.
ye.s Knttrr. rhowan rrn.hv rnu,n,ncs IA.
cow Eames Foster cro.t, ,;..kilI ,;ih.o,
Graham Utrll.x MA = n Jahnsac kt,,is,
IL Blond. lIbbey Iock. Lord Iyl. M,eLIn'
ira. Parker pscthsm p.,,,. Piar,. paLt-ii
S.eley. Sheet Tatt.r.al Talhot Al rhnmn
son. 4. A. rbomn.nu TovnssnJ Tu,,i Wai[
or. Wakefield. Nilsson. Young- Mr.. sne,ks,~
a
N,ys.-Msssrs. Rearee n.,ap. Csr,sn,.,
Chase. Cruttepden. BAYERN. Dow Uroy,r Han.
son. Keith. klnpsi.y. Ieon,ra Masters Nor.
INV O'Neill oI,s pn.bI.r nsmIail p.n.h
kntan. siarkey. Stevens rser Ver,re,. NM
90
,,ro,r
M ,.. o. -,
INC oV''n'''oe 70 "h0'i was feVrr'u 'he
ascertaining whether the Governor had sent
to w ashington a correct copy of the Con
s,i,ution mai. . p, nn,, uh,A t,n ,la sal,
~, 49,, II, -, ;,
wv J"'' ""''s Wv ""''" II.
TIM LOAN nllI.
M 4 sspsn nnn
NV "'' ""'""' ,"'"S ''"" W. T-'"''""
was taken up in COMMITTEE, Mr.. SrAsHr,
in the Char aud after several amendments,
/ ,b, hill A. ubli.bad k.loy uas ,rJnr,,d eu
.,.,ul e., Ill .E
s''0e'" w '"'" ''"''S'
SscrTioS l. That the Governor Of the State
OF Mianesota be, aud he is hereby authorized TO
borrow at any Time within ALA months nom the
passage OF this act, on the credit OF the state.
The sum OF two hundred and hfty thousand dol
lars, at Ara.e not exceeding eight per cent per
annnm, payable annually IN The city ot New
York, which loan shall be pad aud reimbursed
IN nine years nom the tlinc an which the same
| Is nsgotlated-w which money pa borrowed shall
on first being duly appropriated therefor be
applied IN addition 10 whatever money may be
IN the Treasury appropriated 20 the dcffay
ment OF the eurren, expenses OF the Stale Tor
the first fiscal year, commencing oh the second
day OF December, A. ID. 1871, and for The III
debtedness OF the state already accrued.
Sso. g That the loan mentioned IN section
nrst OF this act, ,hall be made upon State bonds
issued and signed by the Treasurer and coun
terSgned by the Secretary Of state, which
Bonds shall specify the taie OF interest time
when the interest aud principal shall be
paid and each Bond 50 Issued shall not DO Tor
n less sum than tive hundred dollars. and shall
specify therein to whom tho Same shall ho made
payable
J. v,
to the taxes levied for the current expenses oi
the State. levy a tax Sufficient TO pay the inter,
est Of the loan provided for IN this act.
SIZE 1. There shall also be levied tho annual
tax OF twenty seven thousand seven hundred
and seventy seven dollars and seventy seven
cents to he held and retained as sinking Fund,
with which to cancel the Bonds mentioned In
this act. NJ the lime tho sans shal become
Que.
four OF ,h, AZ, shall be invested annually by
the Treasurer Of thu State Of Minnsso'a, IN
United state. and snseso,a state stocks, al a.
.,s ~" sh,Ii be held md retained by The Tr"ss
nrer until the time III, loan mentioned Ia TIL.
act shall become due. and shall thea be disposed
States stocks shst cS APp'opI ,e'ea 70 '"e pay
sac. 6. Tha, whenever the interest on the
sam, shall he maid Ly the Treasure Of tho
State on, Of the funds collected for that pur.
pose to the lawful owner ard holder OF the
same, up'n pi'''n'aa'"n by sa,a h.'Ie' o.
manded and tLe execution and deliver, to the
Treasurer Of a receip, ia frll for the Interest,
due an such bonds. which receipt shall he in
'"S i'i" =, sn Te, a, ~" ~