The weekly Anglo-African. [volume] (New York [N.Y.]) 1859-1861, 1859-10-15

TO THE SHERIFF OF THE
County of New York Sir: Notice
Is hereby given that, at the General Election to
De held IN this State on the TUESDAY succeed
ing the trst Monday of November next, the fol-
lowing officers are to be elected-to wit.
A Secretary of State, in the place of Gideon ].
Tucker;
A Comptroller in the place of Sanford E.
Church;
An Attorney General in the place of Lyman
Tremain;
A State Engineer and Surveyor, in the place of
Van r. Richmond;
A State Treasurer, in the place of Isaac V. Van
derpool;
A Canal Commissioner, in the place of Charles
H. Sheriff.;
An inspector of State Prisons, in the place of
Wesley Bailey;
Judge of the Court of Appeals, in the place
Alexander S. johnson;
A Clerk of the Court of Appeals, in the place
of Russell F. Hicks
All of whose terms of office will expire on the
last day of December next
Also Judge of the Supreme Court for the
First judicial District in the place of James ].
Roosevelt, whoee term of office will expire on the
last day OF December next.
Also Senators for the Fourth, Fifth, Sixth, and
Seventh Senate Districts, comprising the county
of New York.
COUNTY OFFICERS TO BE ELECTED:
Seventeen Members of Assembly.
Two Justices of the Superior Court, in the place
of John Slosson and James Moncrief
One Judge of the Court of Common Pleas, in
the place Of Charles P. DAILY;
One Justice of the Marine Court, in the place
of Albert Thompson;
All whose terms of office will expire on the last
day of December next
The attention of Inspectors of Election and
County Canvassers is directed to chap. 271 OF
Laws of 1889, copy of which is printed here
with, for instructions in regard to their duties un
der said act, submitting to the people a law au-
thorizing the loan Of two million five hundred
thousand dollars, to provide for the payment of
the floating debt of the State"
CHAPTER 271.
An ACT to submit to the People Law authoriz-
ing Loan of Two Million Five Hundred Thou
sand Dollars, to provide for the payment of the
Floating Debt of the State. Passed April Is,
1859 three-ffths being present.
The People of the State Of Nceo York, represented
in Senate and Assembly, do enact as tollo,us:
Section l. The Commissioners of the Canal
Fund are hereby authorized to borrow on the
credit of the State, two million five hundred thou
sand dollars, at rate not exceeding six per cent.
per annum and reimbursable at such periods as
shall be determined by the said Commissioners,
not exceeding eighteen years from the time of
making such loan. All the provisions of law in
relation to loans made by Commissioners Of the
Canal Fund, and the issue and transfer of certif-
Gates of stock, shall apply to loans authorized by
this act, SO far as the same are applicable.
Sec. 2. The moneys realized by such loan shall
be applied exclusively to the payment OF claims
against the State not otherwise provided for, for
work done on the canals of the State and for pri-
vate property appropriated by the State for the
use of such canals, and for injury to private prop
erty growing out of the construction of the canals
or to the payment of the principal and interest of
such loan, and for no other purpose whatever.
Sec g. Two million five hundred thousand dol
lars is hereby appropriated to be paid out OF the
Treasury, on the warrant of the Auditor OF the
Canal Department, from the said moneys, within
two wears from the time when this act shall take
effect, for the payment of claims against the State
specified in the last preceding section and for the
paymen+ of the interest ON the loan authorized oy
this act which shall become payable prior to the
receipt into the Treasury of the first annual tax,
hereinafter directed to be levied and collected for
the payment of the interest and principal OF the
loans authorized by this act but any sum APP
piled to pay interest aforesaid may be refunded
out of the proceeds of the said taxes when received
| into the Treasury.
Sec. L. An annual tax is hereby imposed, and
shall be levied and collected in the same manner
as other State taxes levied and collected, suf
cent to pay the interest and redeem the principal
of the loan hereby authorized within eighteen
years from the time of the contracting thereof.
The Comptroller shall ascertain and determine
what sum- being applied in the payment Of prin-
cpal and interest in the first year after the tax
can be collected as aforesaid, and in each succeed
ing year thereafter, within the period of eighteen
years from the time of contracting said loan, will
be sufficient to pay the interest and redeem the
principal of said loan within said period of eigh-
teeen years and shall in each year apportion the
sum so required among the several counties of
this State according to the then last corrected
sessment rolls returned to his Office aud shall give
notice of such apportionment to the Board OF Su-
pervisors of the respective counties. 1t shall be
the duty of the Boards of Supervisors of the re-
spective counties to cause the amount SO appor-
toned in each year to be levied, collected, and
paid to the Treasurer of this State, in the same
manner as other State taxes. The money collect
ed and paid into the Treasury under this section
shall constitute a sinking fund to pay the interest
and redeem the principal Of the loan contracted
pursuant to this act, and shall be sacredly applied
to that purpose ; and if at any time the sinking
fund shall be insufficient to comply with the re-
ouirements of this section, the Comptroller shall
increase the sum thereafter to be levied and col
leeted by tax i'll each year, so as to make the fund
adequate for the purpose aforesaid.
Sec s. The fourth section of this act imposing
a tax may be repealed whenever the revenues Of
the canals, after meeting all present constitutional
charges upon them, shall amount to enough to
form sinking fund sufficient to pay the interest
and redeem the principal Of all loans within the
eighteen years mentioned in the first section OF
this act.
Sec g. This act shall be submitted to the Peo-
Die of this State at the next general election, ana
the votes given for its adoption shall be endorsed
constitutional Loan" and shall be In the follow
ing form ''For loan of two million hve hundred
thousand dollars, to pay the floating debt of the
State" The inspectors of the severalelection dis
triets of this State shall provide separate box in
which the ballots given in pursuance of this act
shall be deposited. The ballots shall be canvassed
and returned, and the result shall be determined
and certified in the same manner as votes gwen
for the Office of Governor of this State Ii ma
iority of the votes cast pursuant to thus act De
seFor loan of two million five hundred thousand
dollars to pay the floating debt of the State, then
the preceding sections of this act shall take effect
but if a majority of the votes so cast shall be
against loan of two million five hundred thou
sand dollars to pay the floating debt OF the State,
then the said sections shall not take effect, but
shall be imperative.