The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1859-05-13
AN ACT

ZION Of the securities for the funded
debt Of the counties in this State.
Section l. Be Il enacted by the Gener.
y ASSEMBLY 81 The State Of Ohio, That
y is hereby made the duty Of the county
$ auditof Of at1y county in this state owing
sfsnded debt Bearing Interest payable AZ
stated psfiods, TO draw At theproper times,
bis warrant upon the treasurer Of his
county for the payment Of the gross sum
Of such installments Of principal or inter-
est Is may be then due, or for such sum
ef money in the treasury as may be ap-
plicable TO that purpose, and deliver the
same to the county treasurer Of such coun-
ty, and it is hereby made the duty Of
such treasurer, upon the receipt OF such
warrant, to make payment Of The primers
nal and installments Of interest OF such
debt a: tAe times and pl,ces Of payment
specified IN lhe security therefor, out OF
any money in his hands applicable to that
use; and rspon payment Of the principal
sum on installments Of interest as herein
provided, the treasurer shall take up and
hold the obligation or interest warrant so
paid tin the same shall be cancelled as
herein provided, but il the interest be
provided sfoY In the body Of the obligation
and not by separate warrants therefor, he
shall indorse the payment thereof on the
obligation and take up from the holder a
separate receipt, specifying the date, a.
mount, number and time Of maturity Of
such obligation, and the date OF the ma
turity OF such installment SO paid, and a.
mount and dateiof the payment. a
Sec.e e. If from any cause such debt
or installments of interest be not paid at
the time and place of maturity thereof as
aforesaid, it shall be the duty Of the coun-
ty treasurer, at any time afterwards, to
nav The same as funds in bis hands appli-
cable TO that use may admit, but is the
treasurer was ready with funds at the
time and place Of maturity thereof to
make payment of any such debt or any
installment Of interest thereon, and the
holder OF the evidence thereof did not,
have the sane then and there present and
10 readiness to be surrendered, or to have
the payment indorsed thereon as afore-
said, the county shall not thereafter be
bound to pay any interest thereon, till
payment shall have been afterwards de.
manded at the Office OF the county treas.
urer, and the same refused. o h
Sec. 3. Il shall be the duty Of the
county treasurer aforesaid, on or before
the first Monday Of June next after this
act takes effect, to enter in book to be
provided for 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 his hands ap.
plicable to- the payment Of such debt, and
shall in IKE manner, on the FIRST Monday
of each succeeding month, enter in said
book 10 the creditof the same account, all
sums Of money received by him during
the precesding month, applicable to the
payment Of such debt, specifying from
what sorrces the same were received, ,and
shall, at the proper dates, enter in the
same book to the debit Of the same ac-
count, all sums disbursed by him out Of
said fund. specifyino to whom, and on
what account. which book shall be ouen
to the inspection Of all persons interested
in said fund, at all times, and shall be
kept in the treasuTer's Office, and deliver
cd over with the Office to his successor in
Office.
Ses. 4. II shalT Be TIE duty Of the
county auditor of each couaty in this
state, owinY q funded debt as aforesaid,
10, furnish. the county treasurer Of such
county. without unnecessary delay after
the vassaus Of this act, and from time to
time afterwards, as the same NAV be cre-
atsd an abstract Of the funded debt Of
such county specifying the dates, amounts
numbers, times Of maturity of principal,
rate and times of maturity of interest in.
stallnae ats thereon, and when PAYABLE, and
tile treasurer shall open such accounts
thereon in the book to be provided as a.
u