Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1858-07-28

] NllLt eNNNA -
certi6cate of Tie funded foreign debt Of this stale; whicl
account shall specify The amount date, number, rate a
interest, and the particular stock or roiuon OF the pubin
debt, as evidenced by each certificate, held by eaeh cred
itor and included in his or her &C cunt as aforesaid; anf
The aggregate OF individual accounts must at al II les eN
actiy correspond with the genera accounts on the genrr
Al ledgers, OF each and all of such stocks.
See u. In addition to the individual accounts as pro
vided in the preceding section Of this act the commits
ioneTsO OF the sinking fund are required TO keep, IN thei
Office in Columbus. separate acconnts IN stoes ledseTs
known - general ledsers, Of every creation ami Issue o
Outstanding stock or ~cer;ifrau' 5 of public d,rt, shoWini
the date, rate OF interest, time o. redemption, ard the ~
under which such stock was created and Isshed; ana :
! practicable, the original order or act O. the laie bOard o
commissioners OF the canal iand, upon which al such Ger
tifc ies OF such Stock were so issued; the original amour
Of each Of said stocks 80 issued tine amount OF each re
dermea or paid; and At all time y eNaet smoiAi oat
st=rdng.
Sec. -. That said commissioner shah in like man
ner keep accurate accounts in general iedsers, p7rtIcuiaT
lied as aforesaid, Of ~ domestic stocks created By TIA
stale; the amonnt Of each oTisinilissue the date, the rate
Oriu'ere,t. the las anieT whirh such Issue was made
the amount paid or redeemed, and at al times the eAac'
amount Of ouistaniing certificates thereof.
Sec. Il. The saii commissioners shall al" Seep &C
counts IN said general lea-cs>, o. The exact amount stand
J ins 20 The credit OF each class Or portion Of the ITeaeen'
abe, or inednribie sioci, or fGnied debt Of this state
being funds held in perpetual trust BY the state; arising
from the slles Of sehoo, and Ministerial lands &c ant
on the prin-Ipri OF which the state pays Interest.
Sec. 10. Whenever a transfer OF any OF ih" certih
Gates of the funded foreign d"bt Of this state NAV be de-
sired. either IN whole or n part by any owner thereof, oI
by ID, or her legally authorized agent n attorney and
application therefor be made to the said agent Of'he state
ia the city Of New lOrs, The said gent sh1ii receive and
forthwith make 4 preliminary transfer thereof IN hs uHn,I
fer book. aud post the sane 20 the acrOunt oi tie pforet
gersors in his siocs ledger, end immedia'e'y tfansmi-
said c~eniicate or cenIics les, with a po~eroi attorney lof
such n nsfeT, 10 the Office al said COMMITMENTS direct
ed TO the secret ~ of said board, At the state o. govern
meni a. 0forrsaid, and fined be, comnsunicat" maj ~
BY telegraph ts the Said ser'eiary; ana a. soPn - ,ro
secr-tary shall receive the same, lac 81 IL gu -
-eed TO transfer 'he same according 10 me -
owners, hi. or her scent or attorney, ~ - ,a6sJa
4 certificate 10 sid agent in the ciiy al v" u
lirerrd By him 70 the owner, ar hhs or het asen' . ~
nrv. rs The case nav be- and All such ~til", aie
J -, .ther certificate OF the funded debt OF Tins state. lh1t
/ hail be is.ues. dated or re issued after ihe l2~l eheC'
orthis act. no Iinl c7dcr to be valid As 's inst tms stare
=. m he ci.nst IL The president Of the board o. commits
siouc.s Of the SnLtBg fund, IN the once OF SAID COMMITS
ionsr- : the sfai Of goveFnmeHt OF the sta'r, "nd SnaI De
49, A-ned by the secretary Of state, VINO sh1i regis
Ter mi eeT;ify lie same, ana afiN I'll seal OF the state
ibeTeto. and each Of snch certificates shall moreover be
ceHiird Is valid and in due ioraH blythe aiiorhe. general
sec. l6 All vaTi Transfers Of tine public Debt Of this
state SHALL be made in the Office oi the board ~ COMMITS
ion-rs OF the ,in-ing fund, by The owhrT tneTeoi "fht ms
or her attorney in fact. for that purpose ard . power OF
attorney - maze such transfer shall be SUtlciSnt % SNIP
ly and roncisely written or printed on The certificate OF
said public debt. and att such powers Of attorney written
or printed on such certificate, rs may be sent irom New
York as aforesaid. "a Il be sufficiently authenticated, if
Witaes~ea by ias said agent; aad Such Poaer nav he made
10 authorize the sccretaTyO OF said board Reconnaissance,
OF any other person, to transfer the same a. tue attorney
of he owner thereof and wheneverany Application, l7ll
be made directly TO the SAID commissioners atifeiT c'Ece
It he seat Of g0yerntue 1, for j iEaEsieT OF any state
stock eginced BY = certificate Of the funded foreign debt
the Interest on winch being payable ia Ne.s Nork, such
transf-r on being made shah be reported the same day 10
the sad agent OF The state in New York, in order that
20 res1oa8In entries may Be made by said agent IN The
books Of said agency; ana whenever ans transfer ofany
p1rt Of the pub Ic drht Is made, the secretary oithe board
oT commissioners shall immediately posi- the same 10 The
accounts o. The proper persons IN the stock iedseis OF said
public debt, 50 hi atsli times the exact Amount OF said
hubble debt shall appear upon said stock ledEeTs-
SEE. Il. That transfer books shall Dc closed On The a.
ternih day Of June an December in each yeas, in order
r 80. . II wNT-a.H hnn mnwNHmm N.n
20 the pubic creditors. and FOR the purpose q payment OF
aach iaiesest on the first DAY Oiluly ana January IN each
year, and Ter that purpose the said transfer hooks shan
remain clOssu fIcm said periods nnth the niieen;h CAV 81
JAW ana January in each ys. r.; and tlc said pay roolis
snail ta made ont IN dualI AT, one Of WIN n 10 be made
from the stock Iedsers IN the once O; the said comniisS-
isop-, n The .eat OF Government, and the other of said pay
roofs shall be made from tie siocN irdSefs kept al Tue
office OF the agency OF the STATE "a the ey OF New hohA
as aforesaid, and SAID pay rolls shall! be carefully Trep7T-
Ell, and shall perfectly correspond with each other and
with the accounts Of said public creditors on said stock
leigers;a and all payments oiinieTest on tie pnhiic iuna-
ell debt OF this state shall be p ID TO the owner thereof,
in person. or 10 his or her legally authorized agent or al
fornsy or such owner ofhis or her slII agent a. attorney.
s sning such duplicate pay rolls % signed. SHALL be brought
enc of tAem shall be sled in the Ohce oftHe said UOnni'
sion rs, aad the other IL tie dice al the treasurer OF
stI-c.
Sec. =. The agent Of The state IS hereia provided
shall be ap7OiuIed by the governor o. the state, on the re-
c1mmsHdaison IN writing o. a IN 'Juti'y, OF iAe po@iu o.
siIi commissioners o. ihe ziaEins i"nd' Tor te trIa, o.
two wears. EaI NAV lie eligible Re- appointment, aud shall
be required 20 give bend with SUot >ecrsl'y, con iir:a1cc
Tor the iaitiiui performance OF a.. ms uuiies Il snSI SEeEt
IN Ire penal suaa o. tairiy ih9E>auG ois;s, aEG The sue
Ties On said boaa >h2 L. citizens ciihi> state. ofEsdOCbt-
ell ability TO nav Tic sasie; or The said secu:ity on said
G3ual- in va,ae 20 ssci requirei s~urcty>alp, and made
subject 10 The operation o. he Law a. ills STATE 10 tie
frI aa.an4t Of said bond; ana ire sid aseat shall also
gi-e >auh further or aiAiiioFai buad aui >ecu.ty is lie Gay
81 required 10 -ivo either tT the sovenor, az 10y the
bo-rl Of commissioners Of Lis sia-inE .uai, snd the
cor.inar @. sGe said boare, Or a majority thereof,
sia:l - al times have rover 10 Teaiore and Cts-
--i--~E+l cent fT@sa ~aiA- nasE- Ear Aach- eaE-rs= 80
Them ms sppcar sufficient; ana IA case o! "a b removal
or dismissal Irom sail agency. The governor. or IN d. ab.
sencs tgom The seat Of soyernuent, OF on Lis ia!irre 10
make N appointment. promptly, the said card otcoT-
asoresaiI; which agent so appointed on b wing given snch
bonds zaI secnr.ty as j. required LF iils ac; fr srci
agent 10 siyc, shall enter upon The discharge ofhl- duries
under the direction ofsaia board q: commissioners IN con-
forn4itv 10 the requirements o. ihi> act.
Sec. 10. there shall be pad quarter yeaEly in equal
zmouni,. on the first Monday of January, tpri. July md
October. II each wear. uut OF The sinking fund on tie VIZ
RAM .; tae auditor o: state, ulrawno or such requI-itOn ard
IA such o.m and manner - j. prescribed by this set for
money oct Of said fund.- to the said agent o.
inls state, sgchs "a ag noi exceeding t~weniy-nTe hundred
1giflrs -er GusuHl. Z, may Re agreed uroa leg saiI cum
and entered On record - tneir Once: aat al~o
al sncl other necessary eSPea-es o. the sHii agrucy IN
Nc= Nurz. z1I al-o ai!the zee ss=ry expenses oithr said
commissioners in TENDING 81 tIcir duties an sail ,iis.-
AnJ a Geia.ici -tatemeuI Of 40 .Hrh eAPrn,e> >ha , Ire -
81 IA taeir Office, AMI be reported IN ui-is re- nrs 70 tie
governor, aud 70 the 2 n-ral assembly, u -C required
e. -. 4he sacie 10 pacIor tIar sh1l be aTPnIH'ee
lE Tie Hg@eiAug - II 'H-"tLl sN+" ii'-ri Hrf' L"Hh
% the .t-ie treasury, '> fenaifeA ~ i@E' ~H7i - 'He
-aWe tilac, together ui.h tire tsH sa-rro o; stole = IFr 90
aE'se Official dates u i hereby a-t7 10 "eriaf"i I g
sans maze o thoro-gl careful aud p1nirul' 9 i">pSc!itn
aud examination o. Ju- bon, papers ace0nnis, records,
v1@-AeJs and LGzin-s, Of the hIard o. commissioners oil
the ssakIa. ical. alE gcpcr' tEc result o. >uc8 ilsrr.'ioa
20 The governor; and lie -lrer-oE j. reguiTeI IN re nd
report III his oaice, af4 communicate 'ue same 10 the
reaesal assembly. Aaa g. on su,h inspection and exam
InaiiOn beins had i >aeaid =pPeaTihat The said commits
sIene:s ogthc sinsins fnni, c: ans one OF them, or any ,
as=ntor clerk ~eaPiogsL b. iheri IN the service OF the
state. or any sssrt Of lie state rs provided ia this act
s1a!i have committed al aei o. eabezz.emcHt or breach
oftrust as ds-cri5eIia any law !or the Paai-Ha!c.t 81
elhezk ealeE- or breach Of tsust, then sush iuG-
CTS or agelt or clcra or casf-oyccs Sh1i.on ;T'fi -rI con-
Fictioa before nv coSTt O. comprtUat Iurisai-sioE in this
stale, be sentenced D. Ihe court bri1r. which such tr-l
and conviction Is has. 10 alt and singular tie sama pun
ishmert an fines Is i provided by any >uch law tor The
punIshu.ent Of enbezz!eIHeut or oTeari OF iEu>t-
Sec. 81. ih.; II act entitled IA act 10 define the
duties ofths commissioners otlhe siasiAg tuna" plssed
Ami 10, ls5a, ami an set passed May !. E5L entitled
San act supplementary TO an amc1da:ofg OF IN act 20
create 4 sinking fins for TIE payment Of ihe principal
intcresr OF tie paS ic debt OF Ohio" passed March
Il, 1853, and - repeal certain sections Of said act, ana
- aaleai the eighth s-clinu OF The act Ca;iicd IAN act
70 de line the dates o. lie c5sn!s.fcaers Of The sinking !
fund, . passed SpTi. -, lSj3, AMI also the iairl, fogIil,
s:Ath, All seventh sections OF an act entitled Gan
act making appropriations for the payment ofIhe priEci-
aslaad interest OF tie publ; debt Of Ohio, for lhe years
lrJi an4 is5j- And also section tour 81 the general ap-
r,npcizIion a., for the years ie5f and l-5j pissed Nay ],
I-5i, and a.so aa act entitled NJ act pTescTh!Hg the du-
o. The commissioners O: The sinsins trai IN certain
cs,es, n-ssea Arrila, t-:G; also section three OF an act
entitled al a.: making appropriations Tor the year l>S5,
ESQ IN act entitled an act IN addition 10 the act. o create
i sinking fond ter the payment OF The pTineIprl and inter
ct Of the psb ic debt, 2ad the act arcniatory thereof.
passed Anril H. lis be aGd the same are hereby repeal
Provided, The repeal 81 s1id acts and part' of actS,
'hal not Affect aHy liability, civil ar criminal, growing
out ofor arising Enler id acts o. psrts OF acts or either
Of them, or the prosecution therefor 10 conviction or inal
Judgment, asreesbiy 20 tn laws heretofore exiting.
Sec -. This art shall take elect and be in Iviec on
after the drt day Of June next US5S).
WILLIAM B. WOODS.
Speaker d TIE House Of Representatives.
MARTIN WELkER.
President Of The Senate.
April II, 1853
SarEEIAEy or STATE's oFrrcE,l
Columbus, April -, lS5S-
Thereby certify that the foregoing acts are true cop
les Of the original rolls nov on file IL this Office