American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-06-23

warrant on the tFeasurer Of state for the paying
Aforesaid OF all such coupons debeRturos often
III each week. land Oftener II deemed ssaentfaI 10
the interest stsc BY elthor tho auditor Of state
coupons adventures shall have been received into ths
state treasury aforesaid Andfe lreaaarsso of slate
sa also make out and register IN bis oiee, complete
scheduies OF NJ such coupons or dobentnres received
~ him from county treasurers, and paid 20 the
commissioners OF the sinking fund on the warrant Of
sne hpator q STATE drawn as aoreaad and also shalt
Of Tho treasury at the close OF business on ench day in
Which any sneh coupons or debentures shall be paid
sec.5. II Is hereby made the special duty Of Tho
commissioners Of the ing fund 20 advertise for pro-
or bids Tor the taking OF all or any portion Of the
unued debt OF the state TO be renewed, herein
provided as domestic debt herein described for
the term OF at least six months preceding the time
king Of such domestic debt In at least one newspaper Of
general circulatiops published in each county IN this
state And whatever portion Of the said debt 10 be-
renewed ~ such time shall remain without beiag
ken as such domestic debt the herein speciaed
after the expiration Of the said Of six months IA
which the may lie taen as such domestic dcbt az
aforesaid shall offered the said board OF comniss
toner's OF the sinking fund for the sale in the city Of
New as foreign debt, and for that purpose the
said eUumissionors shall advertise for proposals bids
for the same in at east newspapers Of general cir.
culatlen, published In the city Of New York. for term
o. sss next procsdng The day set fOr The
same. And all certificates ofsneh renewed funded debt
that may be issd such domestic debt herein de-
scribed, shall be isod by the said commissioners
sinking fund to the party or parties who shall take the
same snch domestic delt aforesaid at tho lowest
rate OF interest not exceeding six per cenum per
mum, and at par, that being the full amount ex-
pressed upon the face OF the certificates thereof And
Cor all such part or PARTON Of the funded debt of the
state SO 20 be renewed that shall not be taken do
mesc debt as aforesaid. within the term Ofsix months
as Aforesaid tho said commissioners OF the fund
shall issue the certificates thereof such party par
ties who shall agree to take the with the principal
aud the interest thereon payable in tho city OF New
YORK, as foreign debt, herein specified at the high
est rate Of premium for such shall bear interest at
nj
ofinterest unersix per cenun per annurn at par.
the said commissioners may Judge to bc most for the
interest OF tho state: provided that bids offers to
take either as demestici foreign debt containing
fractional parts Of ono per ccntum. other than
quarter over half or three quarters shall be received
and In no case shall there be any certificate Of the fun
ded debt Of this state issued to redeem ny portion
OF the funded debt of this state coming payable that
shall bear higher rate Of interest than six per cent
per annumi nor shall any such certificate bearing in
terest at the rate OF six per per be issued
sold, exchanged or disposed Of in any way whatever,
by the said commissioners at aprice essthRn par Nor
shall there bc any commissions, expenses or charges
allowed on the sale and conversion thereof into
reduce the net amount brought into the sHte
the certificate so issued.
Sec. That in all clses where therc shailfbe moro
than one bid or PROPOSAL to take any portion Of the
funded debt OF tho state to be renewed, either a
domestic debt, or foreign debt herein desert
bed at rate equal TO each other, and most TO the in
terest OF tho state the comnissionors Of the sinking
Il fund shall apporton thc amount equally and fairly
between the parties making such bids or proposals.
the SMALLEST amounts OF the 10
nestle debt shall be preferred to bids for larger amounts
at the Same rate.
scc7. Amy holder OF certificate of the foreign dc
OF the state may at any time surrender the to tho
commissioners of the sinking fund and recevo in lieu
thereof certificate of equal amount Of The domestic
debt herein s,eciRed and said shall
make the necessary rogstres and entries on theii
books and cancellations and transfers thereof
Sec, g. The following schedule statement OF tn,
innded debt OF the state exhibiting the amounts ant
able bY the state, to.wit: ~ tft y p n -
foreign debt the principal and interest Of wicl
Is paya'e IN thecfty ofNew York
1st. Six millions, four hundred thir- Hf =
teen thousand three hundred twenty tE
five dollars and twenty seven cents,
bearing interest at the rate OF six Sa q
per cent, annuni, coming payable, at
| the pleasure Of the state, after the
3lst day Of December, 1860. e04I9,325 2
2nd. One million aud twenty-five
Thousand dollars, bearing interest at te1
Il the rate OF five per cent pcr annum, rs1f
coming payable at the pleasure Of
1 the state, after tho 3lst day OF Dec, fQf
sl,O2s,OOo
ty-threo thousand, five hundred iIE
thirty-one dollars and ninety three
cents, bearing interest at the rate OF Ai 4ft
ii six per cent per annpm, coming pay
| aldo at the pleasure of the state, af-
ter the 3lst day Of December, 1870 .. e2l63, SOL
4th. Ono million, six hundred thou l r,Ft
sand dollars, bearing interest at Tho
rate of six per cent per annun, COM ,t sa
state, after the 31st day of Dec 1915 81 100000
9th. Two Hillions, -four hundred thon-, fsias I
sand dollars, bearing interest at tho
"a ratio ofsix per cent per annum, COM rsl ~ -9
ing payble at the pleasure Of the
state, after the 3lst day OF Docem-
berI S2s4OO,OOOt
!, Anogn. Of the foreign debt. ,... sl5,cal sS7
{ 9th. Two hundred seventy ,iyol thou y, 3.
sand three hundred and efghty-hye ~
= dollars, being the amount of the do ~ s..' q g &
nestle debt, tho principal and inter- .n,
estofwhlch.is payable at the seat Of y = sI
~ sGTetame1s Teta sorf :; r:;
~ anestic funded debt Of tho state "a, la9s
on the LIST day Of January, 1850, ,,s r..-l-.
| thirteen millions, eight hundred
8 ninety y-seyen thousand, tw 10 hun ~ 4 S,ia III
b. dred forty two dollars and twenty ~
d., cents 1881, ,242A
Is hcreby made guide and direction Obligatory Up,
the commissioners ofthe sinking fund, for the time
ing In the discharged their official duties, and sal
hereby made Of this act explanatory there,
nd And tho commissioners Of the sinking fund In cafryii
into efcct the provisions and OF
he hereby required to issue the certificates Of the
CO nswal of the funded dcbt and annually apply
st newal and payment n N Of the frst coming pap
TO- be which will be the first day Of january eehte
ng hundred and sxty-one, s6L and then 10 the port
ofthe said debt next coming payable, and so on IN
" a o 70 's' sns portion Sf me n,
te paidands the certificate first issued shah be for
do earliest period Of redemption and payments and
of in such succession and order that the certificate last
sued shall be for tho redemption and payment Of
portion Of the funded dobt last coming pyable un
che amount ana SFor portion thereof shall
I'D pressy declared that the temporary debt Of tho sta
crekted to rciburse the treasury by the aetof Ap
CHI l2 1885, 10 hundred th0uahnd olla
r. the payment Of which being provided for by spec
tax, is not included In but is expressly acceptcd fro
on Sec Q. The commissioners Of the sihkide fund
hereby required to report to tho governor at the time
mt making their scmannual REPORTS and at such 9th
,al times thelevcrIior may require; and also TO
General Assembly, either branch thereof II SO
qured by joint resolution Of the General Assembly
BY resolution ofeither branch all and singu
h.ofw and