The Portage County Democrat. [volume] (Ravenna, Ohio) 1854-1868, 1859-07-27
Sl3.s97,242 20

'a6<i H-aa Sl3.s97,24220
Shall be. and hereby is made guide and direction
the time being, in the discharge Of their official du-
ties. s'-.-,--g. ~ TTri.fr & tYs,f-Lft
furdsd debI Of the to be renewed herein de-
be made and issued with the principal and
of the agency the in the city Of
New York and at no other place whatever: And alice
the principal and of which made peyableat the
treasury Of the sate shall be issued PAYABLE to the party
parties taking the same his her, or their order, as the
sec The interest on all the certificates Of the fund
ed debt OF the sate 80 to be issued domestic debt
to any portion Of the funded debt Of the stateco
ing payable aforesaid made payable semi
nus s s, sI Gnh. on = The frs, day Of @
of their being issued And the interest all the cerh-
of Che funded debt of the state 80 to he
the state coming payable aforesaid shall he made pay
able semsnnually levers six months the first day Of
January and the hrst day Of July IN each year. from
the time of their teiug issued And certificate of said
funded debt 50 issued forelgn debit the principal and
York. shall be issned of les denomination or amount
than Thousand dollars for factonal part Of
the funded debt renewed the principal interest Of
which made payable at the treasury Of the state st the
be issued in Of hundred dollars or of five
hundred dollars thousand dollars as may be pre-
for any fractional part Of the sinking fund Of
And there he attached To all such certificates is
for every siI months interest coming due and payable
from the time of issuing Of such certificate the period
Of the final redemption payment of the which
interest," coupons dsbentures may be taken BY The
county tressure in lieu Of money In payment OF taxes
benturss coming due on he rst day any
be taken for taxes due the preesdng 10th of
due day of August in any year may he taken
for due the preceding 7oh of Juns and may be
uey and paid the of the auditor Of ssts
drawn the equisition Of the commissioners Of the
payment Of the on the funded debt Of
hut such coupon deboure shall be taken by any
BY the treasurer ste By the commissioners Of the
sinking FUND.- for greater sum amount than the SIMPLE
benturss paid by STATE shall be Cancelled classified
arranged, aud carefully recorded preserved In boob
missoners Of the sinking fund in their ofce at the seat
of governm eut; in Heu Of the duplcae pay rolls
erest on the foreign funded debt of the sato. And i,
also shall be part Of the Official duties Of the said COM
shall part of ociaI duties the auditor Of
to draw such warrsnt the Of ste for the
lures ofen in each week land ofener fteem
cd essential to the interests of the state by either the
disor Of state the said commissioners In which any
of the said coupons debentures shall have been
ceiyed Into the state treasury Aforesaid And the
treasurer Of state shah also make register in his
Office, complete schedules Of all such coupons deben
lures received by him from county reasurers, and
the warrant the audiIor of state drawn aforesaid
and also shall furnish copies Of all such schedules to the
each day, in which any such coupons dsbenures shah
be paid over by him & 7-.TT .'-,la z-T7Ilf
Sec. hereby made the special duty of the COM
issoners Of the sinking fund proposals,
or bids for the taking Of all or any portion of the funded
domestic debt herein described
six months next preceding the time set for the closing
such proposals. for the taking of such domestic
debt in at least one newspaper Of general circuatio1
puoshed in each county In this state. And whatever
por,1 OF the said debt % to be renewed such time
as shall remain without being taken as such domestic
debt the terms herein specsd eer the expiration Of
R1lrh
By the said DC board nd Of Of the sinking fund
and far that purpose he aid shall
tse for proposals bids for the in at least
o @ Of Z dsss
eedns the day set tor the closing ohe proposals
%
debt herein described shall be issued by the said
who shall lake the same As such domestic debt as aore.
said lowest of interest exceeding six per
hs the
And for 81 such part Or PosSe funded debt Of ss
nestic debt Aforesaid, within the term Of
Aforesaid the said commissioners of the sinking fund
shall issue the csrtcates thereof to party par
ties who shall agree take the with the principal
and the interest thereon payable In The city Of New York.
.s Of premium for such az shs bear interest :. the
Of six centum per annus at the lowest rate
s os per per e 81 3. ~
terest of sate provided no bids offers to taks
psrts o one psr osnrSm other than one quarter over
half or three quarters shall be received and
shall there be any certificate OF the funded debt of this
issued portion Of the funded debG
OF this state coming payable that shall bear higher
of interest SIX cent per annum; shall any
sch certaates bearing the Of sx per
cent per be issued, sold, exchanged disposed
OF in any whatever By the said commissioners at
prcs less than par Nor shall there be any commissions,
expenses, charges allowed the sails and conversion
thereof into money that shall reduce the net amount
brought the treasury below the amount express
ed upon the face ofthe certificate so issued.
Sec. G.. That In all casee whore there shall b more
than bid, propos to take portion of the fund
tic debt or as q foreign debt herein described. at
rate equal to each other and most to the interest of tho
state the commissioners Of the sinking fund shall sppor
ton the AMOUNT equally and fairly between the parties
making such bids proposals provided that bids for
the atnalsest amounts Of the domestic debt shall be
bids for larger amounts at the same rate
Sect Any holder Of ceruieate Of the foreign debt
of state may any time surrender the same TO the
commissioners Of the sinking fund and receive In lieu
her~n specified and said eomnssiOneFs shall mako
necessary regsres and entras on their books and
cancellations and transfers thereof.
Sec g. The following schedule or statement of the
fuudaa ebt of tho state exhibiting the the
tuss when various portions thereof como payable By
the state to wit: tt.e -'t s-aaflts III
f the fregu debt the principal and ineRst Of which
is payable In the city of New York. Is -
lat six millions, four hundred
thirteen thousand, three hundred
TWENTY-FIVE Iollars, twenty SEVEN
cents. bearing Interest at the rate
ofsiy per cent, per anuum, corning
payahio at the pleasure If the rlgfgi
State, after the al day of De- s..z