The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1859-05-25
sl3,S97.242 20


Shall be, and hereby is made d guide aid a di
%rection obligatory upon the commissioners q
the sinking fund, for the time being, III tn
discharge of their official duties.
Sec. 3. All or any portion of such certih
Gates of the funded debt of the state so to b.
so renewed, as h.rein described, may be made
and issued with the principal and interest pay
able ut the treasury of the state, at the seat O
government, or at the office of the agency O
the state in the city of New York, and at nc
other place whatever. And all certificates Of
the funded debt 50 issued as a domestic debt
the principal and interest of which is made
payable at the treasury of the state, shall be is
sued payable to the party or parties taking the
slme, his, her, or their order, as the case may be
Sec. 4. The interest on all the certificates
of the funded debt of the state, so to be issued
as a domestic debt to renew any portion of the
funded debt of the state coming payable as
aforesaid, shall be made payable semi-annualy y:
(every six nionths,) on the first day of Fec
rr1ary and ON the first day of August in each
year, from the time of their being issued. And
the interest on all the certificates of the fund
ed debt of the state 30 to be issied as a foreign
debt, to renew any portion of the funded debt
of the state coming payable as aforesaid, shall
be made payable simi-annualiy, (every six
months), on the first day of January and on
OiO hAoS ouJ il III III dS1 Cdi AiOLAH VIZ
time of their being issued. And no certificate
of said funded debt SO issued as a foreign debt,
the principal and interest of which is made pay
able at the treasury of the state, at the scat of
government of the state, as Il domestic debt,
may be issued in amounts of one hundred dol
lars, or Of five hundred dollars, or one thou
sand dollars. as may be preferred by the party
or parties taking the same, and also for any
fractional part of the sinking fund of any year.
And there may be attached to all such certi6-
Gates so issued as a domestic debt, interest, cou-
pons, or debentures, for every six months, in
terest coming due and payable, from the time
of the issuing of such certificate to the period
of the final redemption and payment of the
same, which interest, coupons or debentures
may be taken by the county treasurers in lieu
of money in payment of taxes due state, that
is to say the interest, coupons, or debentures
coming due ON the first day of February in any
year, may be taken for taxes due the proceed
ing Goth of December, and interest, coupons
or debentures coming due on the first day of
August in any year may be taken. taxes due
the proceeding 10th of June, and be received
from them by the treasurer of state in lieu of
money, and paid over on the warrant of the
of state, drawn on the requisition of
the commissioners of the sinking fund, accord
ing to requirements of faw for the payment of
the interest on the fuhded debt of the state
no such coupon Or debenture shall be taken
any county treasurer, or be received of any
county treasurer by the treasurer of state, or
by the commissioners of the sinking fund, for
a greater sum or amount than the simple inter
est expressed therein ; and all such Coupons or
so paid by the state shall be con-
,ealed, classified, arranged, and carefully record
ID, and preserved in a. a book Is; Or bo K, ;s to be * kept pf
he sinking fund, in their Office, at the seat of
government; in lieu of the duplicate pay rolls,
IS required in regard to the payment OF the
emi-annual interest on the foreign funded debt
# the state. And it shall also be a part of
he official duties of the said commissioners to
nake such requisition as aforesaid and 1t shall
re a part of the official duties of the auditor
f state to draw such warrant on the treasurer
f state for the payment over, as aforesaid, Of
II such coupons or debentures as often as once
n each week (and oftener if deemed essential {
0 the interests of the state by either the audi
of state or the said commissioners. in which &
ny of the said coupons or debentures shall
ave been received into the state treasury as
And the treasurer of state shall al !