The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1858-12-08
LAWS OF OHIO.
PUB L IsnED ny ArTHonlTE.
AN ACT

er6 OF the Stnkl0g tuuu, Oy tno O"nCA
thereof, OF by his or her attorney in fact,
for that purpose ; and q power of attor'
ney to make sueh transfer shall be sufh-
cient, if simply and concisely written or
printed on the certificate of said public
debt and all such powers of attorney
written or printed on such certificates,
as may be sent from New York as
aforesaid, shall be sufficiently authenti.
Gated, if witnessed by the said agent
and such power may be made to author.
ize the secretary of said board of com
missioners, or any other person, TO trans
fer the same as the attorney of the own
er thereof; and whenever any applica-
cation shall be made directly to the said
commissioners at their Office at the seat
Of government, for a transfer Of any
state stock evidenced by q certificate or
certificates of the funded foreign debt,
the interest on which being payable in
New York, such transfer on being made
shall be reported the same day to the
said agent of the state in New York, in
order that corresponding entries may be
made By said agent in the books of said
agency and whenever any transfer Of
any part of the public debt is made, the
secretary Of the board of commissioners
shall Immediately post the same to the
accounts of the proper persons In the
stock ledgers of said public debt, so that
at all times the exact amount of said
public debt shall appear upon said stock
ledgers.
Sec. IL. The transfer books shall be
closed on the fifteenth day of June and
December in each year, in order to make
perfect pay rolls of all interest then
coming due to the public creditors, and
for the purpose of payment of such in
terest on the first day of July and jan
uary in each year, and for that purpose
the said transfer books shall remain
closed from said periods until the IF
teenth day of July and January in each
year; and the said pay rolls shall be
made out in duplicate, u of which to
be made from the stock ledgeIs in the
Office Of the said. commissioners at the
seat Of government, and the other of
said paw roi,s shall be made from the
stock ledgers kept at the once w. the
ageucy Of the state IN the city of New
York as aforesaid and said pay rolls
shall be carefully prepared, aud shall
perfectly correspond with each other,
and with the accounts of said public
creditors on said stock ledgers; and all
| payments of interest on the public fund
ed debt of this state shall be paid to
the owner thereof, in person, or to his
or her legally authorized agent or attor-
ney, or such owner, or his or her said
agent or attorney, signing such duplicate
pay rolls, and the said pay rolls so signed,
shall be brought by the said commission
ers, to the seat of government ; and one
Of them shall be filled in the Office of
the said commissioners, and the other
in the Office of the treasurer of state.
Sec. l8. The agent of the state as
herein provided shall be appointed by
the governor of the state, on the recon
dation in writing of a majority of the
board of said commissioners of the sink
ing fund, for the term of two years, and
may be eligible for re appointment, and
shall be required to give bond with good
security, conditioned for the faithful per-
torrance of all his duties as such agent
in the penal sum of thirty thousand dol
lars, and the securities on said bond shall
be citizens of this state, Of u~ndoubted
ability to pay the same; or the said Sc
curity on said bond may be a good and
sufficient lien upon real estate double in
value to such required suretysbip, and
made subject to the operation of the
laws of this state, to the full amount Of
said bond and the said agent shall also
give such further or additional bond and
security as he may be required to give
either by the governor, or by the board
of commissioners of the sinking fund,
and the governor or the said board, or a
majority thereof, shall at all times have
fpower to remove and dismiss said agent
from said agency, for such cause as to
them may appear sufficient; aud in case
of such removal or dismissal from said
agency, the governor, or in his absence
from the seat of government, or on his
failure to make an appointment, prompt
", the said board of commissioners shall
appoint an agent to perform the duties
aforesaid; which agent SO appointed on
having given such bonds and security
as is required by this act for such agent
to give, shall enter upon the discharge
of bis duties under the direction of said
board of commissioners in conformity
to the requirements of this act.
Sec. 10. There shall be paid quar-.
ter yearly in equal amounts, on the first
Monday of January, April, July and
October, in each year, out of the sinking
fund, on the warrant of the auditor oil
state, drawn on such requisition and IL
such form and manner as is prescribed
by this act for drawing money put oil
said fund, to the said agent Of this state,
such salary, not exceeding twenty five
hundred dollars per annum, as may be
agreed upon by said commissioners, and
entered of record in their Office; and
also all such other necessary expenses o.
the said agency in New York, and also
all the necessary expenses of the sale
commissioners in attending to their du
, ties in said city. And a detailed state
ment of all such expenses shall be FLED
in their Office, and be reported in theil
reports to the governor, and to the gen
eral assembly, if so required.
, SEQ. 20. The same inspector tina
shall be appointed by the governor tt
make careful. and critical inspections o
the state treasury, as required by law
shall, at the same time, together will
the treasurer Of state, a part of who's
official duties it is hereby made to per
form the same, make q thorough, careful
and particular inspection aud examina
tion Of the books, papers, accounts, re
4 cords, vouchers and business of tn
board of commissioners of the sinking
fund, and report the result of such in
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