The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1859-06-17

be aSceTtalneu at tne same time, ana ue-
clared in the same manner as is provided in
case OF other state officers.
Src. 4. This act shall take effect from
and after its passage.
WILLIAM D. WOODS,
Speaker Of the House of Represt natives,
MARTIN WELKER,
President OF the Senate.
February s, 1889.
mo. 46.l AN ACT
Relating to the redemption and cancellation
OF the securities for the funded debt Of
counties in this state.
SECTION /. Be il enacted by the General
Assembly Of the state OF Ohio, That it is
hereby made the duty of the County Auditor
of any county In this state owing a funded
debt bearing interest payable at stated peri
DDS, to draw OF the proper times his warrant
upon the Treasurer OF his county for the
payment of the gross sum OF such INSTALL
ments Of principal or interest as may be
then due, or for such sum OF money IN the
treasury as may be applicable to that puT-
pose, and deliver the same TO the County
Treasurer OF such county; and 1t is hereby
made the duty Of such Treasurer. upon the
receipt OF such warrant, to make payment OF
the principal aud installments Of interest OF
such debt at the times and places of pay.
ment specified in the security therefor, out
of any money in his hands applicable to that
use; aud upon payment Of the principal sum
or installments of interest, as herein pro.
videJ, the Treasurer shall take up and hold
the obligation or interest warrant so paid
till the same shall be cancelled, as herein
provided; but if the interest be provided for
..s laI. r H.. Ill l.,
separate warrants therefor, he shall endorse
the payment thereof on the obligation and
lake from the holder a separate receipt, spe-
cifying the date, amount, number, and time
Of maturity Of such obligation, and the date
Of the maturity Of the installment so plid,
and amount and date Of the payment.
Sac. 2. If from any cause such debt oil
installment Of interest be not paid at the
IIrme' and place VI maturity thereof. as nfore.
said, it shall be the duty OF the County
Treasurer, at any time afterwards. to pay the
same as funds in his hands applicable tC
that use may admit; but if the Treasurer
was ready with funds at the time and place
OF maturity thereof to make payment Of any
such debt OF any ins,allment OF interest
thereon, and the holder Of the evidence
thereof did not have the same then and
there present aud in readiness 10 be suuen.
dered, or TO have the payment indorsed
thereon, rs aforesaid, the couaty shall not
thereafter be bound to pay any interest
thereon, till payment shall have been after
wards demanded at the Office Of The County
Treasurer, and the same refused.
SIC. 3. 1t shall be the duty OF the Coun-
! ty Treasurer aforesaid, on or before the first
Monday OF June next after this act takes ef.
feet, to enter in a book to be provided foI
that purpose at the expense Of the county,
to be entitled "funded debt to the credit
Of funded debt, the amount of money in
gross then in mis- hands applicable 10 the
payment OF such debt, and shall, in like
manner, on the first Monday OF each sue.
ceedins month, enter in such book to the
credit oil the same account, all sums Of mon
ey received by him during the preceding
month, applicable to the payment Of such
debt, specifying from what sources the sam,
were received, aud shall at the proper dates
enter in the same book to the debit Of tn,
same account, all sums discussed by hin
out of said fund, Specifying to whom ant
on what account, which book shall be opeI
10 the inspection Of all persons interested il
said fund, at all times, and shall be KEEP. il
the 1reasurer's office, and delivered will
the Office to his successor in Office.
! SEC. 4. II shall be the duty OF the Coun
~ Auditor OF each county IN this state, ow
ing q funded debt, as aforesaid, TO furnisl
the County Treasurer OF such county, with
out unnecessary delay after the passage o
this act, and from time to time afterwards
as the same may be created, an abstract o
the funded debt Of such county. specifying
the dates, amounts, numbers, times OF ma
lturity Of principal, rate and times Of maturi
Ity ofinterest installments thereon, and W hei
pa yable. and the Treasurer shall open sue
accounts thereon in the book to be provide,
as aforesaid, as may be expedient and pro
per TO show at all times the amount an,
several classes of the funded debt of tn
county, the rate of interest accruing therein
the payments made on account of the same
and the amount due and unpaid thereon.
SEC. s. Itshall be the duty of the Trea,
lurer, al his stated settlements, to produc
and exhibit to the County Commissioner
: and Auditor, all obligations for princips
debt, and interest warrants, by him redeem
: ed pursuant to the requirements Of this ac
and all receipts for interest paid in cases j
which there are no separate warrants; an
after the same shall be compared with hi
0 accounts, and the accou nts corrected so
!, to correspond with The vouchers so Pre-
duced, said obligations for principal and il
b terest warrants, shall be cancelled in sue
manner as 10 prevent their being used {
A put into circulation, and with the voucher
/. ior interest paid other than upon warrant.
a shall be filed and preserved in the office G
s The County Auditor, and the County Com
!. missioners shall have the power at any tim
s to require the Treasurer to surrender fc
| cancellation, as aforesaid, the obligation
& and warrants by him redeemed, subject
his right to be credited Herewith accordin
6 to right and Justice; and the Treasures sha
I have the right any time, on reasonable nc
. lice, TO require the County Commissioned
8 and Auditor to receive said obligations an
ri wsrrants for cancellation. r..
SEC. 8. County Treasurers shall be al
n iioved for Fsceiving and disbursing all mon
: Ieys coming into their hands, on socount Q
\ the creation Of funded dabt OF any count,
lone. half OF one per cent, on all such SUM
: and no more. and for the collection and dis
q bursement Of all moneys raised by taxes fo
> the payment OF the princip pal and interest, {
either, Of the funded debt OF any county
: they shall be allowed one.half OF one ps
cent, and no more. on all such sums so col
!, leotsd and disbursed, together with all ne
cessary and proder exchange, TO be paid ou
] Iof the funds to which this sct relates, to b
3 settled and allowed to them by the Count
Commissioners and Auditor.
Il Sac. 7. This act shall take eject and t
in force from and af.er its pssssge.a
j WILLIAM B. WOODS,
u Speaker OF tbs House Of Representative,
81 .,t MARTIN WELKER, ...
al President of the Senats