American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1858-06-17


Of the board OF commissioners shall immedi
ately post the same TO the accounts Of the prop
er persons IN ;he stock ledgeTs Of said public
debt, so that al all times the exact smount ct
said public debt shall appear upon said stock
ledgers.
Sec. II. The Transfer OF books shall be clos
ed on the fifteenth day Of June aud December
in each year, in order TO mike perfect pay
rolls of all interest then coming due To the
public uediioIs, and for the purpose Of pay =
Inenl Of such interest on Tie first day OF July,
and January in each wear, aud for that pur
pose the said transfer books shall Temain clo-
sed from said periods until the fifteenth day OF
July and January in each year; and the said
pay rolls shall he made out in duplicate, one
of whickato be made from he stock ledger IN
The office of the said commissioners at The
seat OF government. and the other of said pay
rolls shah be made from the stock ledgers kept
at the uifice m the city OF New York as alore
sad: and said pay rolls shall be Carefully pre-
pared end shall perfectly correspond with each
other, and with the accounts OF sad public
creditors on said stock ledeerS; and all pay
ments Of interest on the public funded debt OF
This state shall be paid to the owner lheleoi,
IN person, of 10 his or her legally authorized
agent or attorney, or such owner oil hlS or heI
said agent or attorney, signing such duplicate
shall be brought by The said commissioners TO
the seat Of government and one OF them shall
be fled in the cfiice Of the said commissioners
and the other in The Office OF the treasurer o
state.
SIC. lS. Tie agent Of the state as hereir
provided shall be appointed by the governor oI
the state, on the recommendation in writing
Of majority Of Tie board Of said commission
ers of the sinking fund for the term oil two
wears, and may be eligible for re appointment
and shall be required to give bond with good
! security, conditioned lor the faithful perform
4 ance of all his duties as such agent IN the pc
nal sum of thirty thousand dollars, and The
suretieS on said bond shall be citizens OF thl'
state, OF undoubted ability to pay Inc same
or the said security on said bond may be {
good and sufficient lien upon real estate, dou
tile ~ value TO such required suietyShlp, anC
made subject 10 The operation OF the law o
this state, To- the ful amount Of said bond; ant
the said agent shall also give such further o
additional bond and security as he may be re
luued to give, either by the governor, or b,
the BOARD Of commissioners OF the sinking
fund, and the governor or the Sald board, o
4 by uaioritv thereof, Shall at all times havt
puweT TO remove and dismiss sad agent iron
said agency, for such cause as 10 them ma.
appear sufTcient and in case such removal o
dismissal from said agency, the governor o
in his absence from the seat OF government
on bis failure to make an appointment promp
lily, the said board OF commissioners shall ap
point an agent 10 perform the duties alotesald
which agent so appointed on having given sucl
bonds and security as is required by tits ac
for such agent to give, shall enter upon tL
discharge Of his duties under The direction o
said board CT commissioners in conformity L
the requirements Of this act.
See l9. There shall be paid quarter yearl
in equal amounts, on the first Monday of Jan
nary, April, July and October, IN each year
out Of tie sinking fund, on the warrant OF th
auditor Of stute, drawn on such requsIto
and IN such form and manner as is prescribe
by this act for drawing money out Of SAID fund
TO the said agent Of this state, such salary, no
exceeding twenty FIVE hundred dollars per an
mum, as may De agreed upon by Said comm SIS
: zone rs, and entered OF record in their Office
and also all such other necessary expenses {
the said agency in New York. and also all lh
necessary expenses of :he said commissioned
in attending TO their duties in said city. An
de allied statement Of all such expenses { ha
be filed in their Office, and be reported IN The
rrports to the governor, and to the general as
, sembly, i! so reGu red.
Sec. 90 The same inspector that shall b
appointed by the governor TO make cnrelu
aud critical inspections Of the state treasury
as required by law, shall at the same time, to
eelher with the treasurer of state, part {
+ whose Official duties il is hereby made TO pei
form the same, make thorough, careful an
9 particular inspection and examination OF lh
j books, papers, accounts, records, vouchers an
. business ol the board of commissioners of th
= sinking fund.- and report The result OF such IL
SpeCtion to the governor; and the governor
required TO file said report IN his Office, an
f communicate the same to The general aSSen
4 bly,. Aud IT, on such inspection aud eXamlni
lion being had, it should appear that the sal
II commissioners OF the sinking fund, or any on
p Of them, OF any agent or clerk employed |
q them in the service Of the state, or any agel
. OF tte state as provided in this act, shall haN
h committed an act OF embezzlcment or brenc
OF trust as described in any law for the punSl
a ment OF cmbezzlement or breach Of trust, tue
! such commissioners or agent or clerk or en-
! poyee, shall on trial and conviction befol
i any court Of competent jurisdiction in th
staie be sentenced by the court before whic
1 trial and conviction is had. to all and smguli
he same punishment and fines as is provide
, by any such law for the punishment of embe2
element or breach oftruSt
| sec. 81. That an act entitled can act to de
fine the duties of the commissioners OF th
, sinking fund" passed April !, 1852, aud n
act passed May /, 1854, entitled IAN aC
supplementary to and amendotory OF an act
create sinking fund for the payment ol IT.
principal and interest of the public debt I
0 Ohio" passed March IA, 1853, and to repei
e certain sections Of said act, and to amend III
/ eighth section Of the act entitled can act
. define the duties Of the commissioners of u
6 sinking fund" passed April 10, 1852, and al'
a the third, fourth, fifth, sixth and seventh SCI
i tons OF an act entitled can act making NJ
. preparations for the payment OF the princip
and interest Of the public de- bt Of Ohio, for II
o wear S5i and s55 And also section four
\ the general appropriation act for the yea
n lS5I aud 1857, passed May /, lSal; and al!
an net entitled on act prescribing the duties
: the commissioners Of III" sinking fund in &C
T. tain eases, passed April 0, 1856; also sectlt
II three of an net entitled an act King appTopi
, atlOns for the year 1856; also an act enlil
d an act in addition 10 the act to cIeate SIN
n ing fund for The payment OF the prnclpal a.
y interest OF the public debt, and the acts anne
dotory thereof passed April II, 1851, be nT
{. The same are hereby repealed; Provide
q the repeal of said acts and parts Of acts, shi
l. not affect any liability, cIil or criminal, gro
i ing out Of OF arising under said acts or parts
, acts or either Of them, or the prosecuii
,e therefor or to conviction or final iudgmel
&. agreeahly TO the laws heretofore existing.
10 Sec. -. This act shall take effect aud be
6 force on aud after the FIRST day VI June M
of 1881.
n WILLIAM B. WOODS,
So Speaker Of the House OF Reps
ry MARTIN WELKER,
us April 10. 1853. President of the Senate
I'd
he AuDiroR's OFFICE, Fairfield county, !
N Lancaster 1858.