The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1858-11-24
OF OHIO.
PUBLISHED By AUTHORITY
AN ACT

FOnLlSklGD bG T.
AN ACT
To define the Powers and Prescribe til
Duties of the Board of Commission
ers of the Sinking Fund.
SECTION 1. Be IL enacted By the Gen
erdt Assembly of the State Of Ohio, Tha
the board of commissioners, composed
of the auditor of state, secretary Of
state, and attorney general, created BY
article eighth, section eighth of the con
stitution, styled and known as the board
of Commissioners of the sinking fund,
is hereby organized by constituting the
auditor of state the president there
of, and the secretary of state the score.
tary thereof; and the said president,
and the said secretary, shall hold their
said Offices during the time they may re-
spectively be such auditor of state and
secretary of state; and it shall be the
duty of the said president and the said
secretary of said board, with the advice
and concurrence in writing, of the other
member of the board, to do and perform
all and singular the duties prescribed
by this act Provided, that nothing in
this act contained shall be SO construed
as to prevent a majority of the board
from transactiug any business authorized
by this act,
Sec. 2. The secretary shall keep a
complete and full journal of all the pro-
ceedings, and orders, and acquisitions,
and acts of tho said board of commiss-
toner's Of the sinking fund, together with
a register of all the certificates of the
public funded debt, and of all transfers
of the same, and all other papers issued
or made by the order of said board and
said board may appoint a clerk to assist
the secretary, with a salary not exceed
ing one thousand dollars per annum, to
be paid quarter yearly in equal amounts,
on the first Monday of January, April,
July and October, in each year, By war
rants of the auditor of state, drawn in
pursuance of a requisition of the said
commissioners. on the treasury of state,
the in form and n as herein pre-
scribed, who shall pay the same out of
the sinking fund.
Sec. 8. The room or Office provided
for the use of the commissioners of the
sinking fund in the state house, at the
seat of government, shall be held in law
to DO the office of the said board, and
all the books, records, correspondence
and other papers of every description,
belonging to the Office of the commission
ers of the shaking fund, Except the
books necessary to be kept in the city
of New York, for the preliminary trans
fer of the certificates of the public debt
of the state, and the payment of tho iu-
terest thereon, shall be kept in the office
of the commissioners in the state house,
at the seat of government of the state,
and at no other place. And it is hereby
made the especial duty of the state
house commissioners to pr coed forth
with to prepare such room or rooms, or
Office, and provide and construct in the
most perfect name all such fire proof
vaults or safes, as the said commission
ers of the sinking fund may require in the
performance of their duties, and for the
perfect safety of all records, or papers,
books and vouchers, of any kind, that
may at any time belong to their said
office. or to be in their custody, or under
their control.
Sec. 4. All the books, records, jour.
nails, documents and papers of all kinds,
and everything belonging to the Office of
the said commissioners of the sinking
fund, or that may be in their possession
or under their control, shall at all times
be subject to inspection aud examination
by the commissioners of inspection pro-
vided by law to be appointed by the
governor, for the inspection and exam
ination of the state treasury, and shall
also be subject at all times to the exam
nation of the governor and treasurer of
state, and of any committee appointed
by the general assembly, Or of any com
mittee appointed by either branch of
the general assembly, and the commits
sioners of the sinking fund shall semi
annually report, to the governor, the
condition of the public debt and the
sinking fund, and slso, all and singular,
their proceedings in relation to the same;
and shall also make all such other or ad-
d%itional reports, as may at any time be
required by law, or by joint resolution
of the general assembly, or by resolu-
tion of either branch of the general as
sembly, or by the governor.
Sec. 5. The president and secretary
of the board of commissioners of the
sinking fund, is hereby especially re-
quired, authorized, and fully empowered,
by and with the advice and concurrence
of the other member Of said board, to
cause to be paid promptly, and accord
ing to the tenor of zach certificate to
the public debt, and according to law,
the interest as it may become due on all
the funded debt OF this state, and re-
deem and pay according to law, all the
valid certificates of the public debt which
have been lawfully created on the part
of the state, aud for the benefit and
use of the state and they are hereby
further specially required to preserve to
the extent of their power and ability, at
all times and under all circumstances,
the good faith and credit of the state.
Sec 6. All money paid into the state
treasury to the credit of the sinking
fund, belonging to the same, shall only
be paid out by the treasurer of state, on
the warrant of the auditor of state,
drawn on the requisition of the commits,
s%ioners of tie sinking fund, and such re-
QUESTION shall be recorded in the Office
of said commissions RS, and shall psrti
cularly specify the purpose and objecl
for which the same is made and sale
requisition shall be attached to, or be
part of said warrant, which shall b.
drawn by the auditor of state in conform
ity thereto; and the said warrant 81
drawn shall specify said requisition, ant
be made payable to the order of sale
commissioners of the sinking fund, anC