Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1859-05-27

Sec. 7. ANY holder OF CnFNNtANN Ni tlN ANiNiNN
ihe commissioners Of the snklng fund and receive In
lien thereof certificate Of eqnal amount ol ihe 90
uoste debt herein specified, and said oommasion
err shall make the necessary reRistes and eutree on
their books and cancellations and transfers there-
Sec g. The following schedule or statsmeut Of The
funded tebt Of tho state exhibiting the amounts and
The times when the various portions thereof come |
payable by the state 10 wits
OF the foreign debt the principal and interest OF
which is payable Ia the city o.
New York.
let. Six millions four hundred
thirteen thousand, three hundred
tWenty-fve dollars, twenty-seven
cents, bearing interest at the rate
Of ak per cent annum, coming
payable, at the pleasure Of the
oe@Scr, issO. o.. -. s6lla,aa5 ~
"a One milton and twenty-five
thousand dollars, bearing interest
at the nate Of Eve per cent per
SR@g% p.s1"e SGm,Rs Of ing IS,s nIsos sss s RS RS
3lst day Of December 1885 ..---. $l,026,OOO 90
Sd. Two millions one hundred eighty
three thousand, Ave hundred thirty
one dollars, and ninety three
cents, bearing interest at the rate
Of six per cent per annum, coming
payable, at the pleasure of the
boz, iS7o,..---...-..-,-.,.....--.. s2,IS9,5ai 9o
4th One million six hundred thou
and dollars, bearing interest at
the rate Of six per per annum
coming payable at the pleasure Of
December, is15....,.. -. sl.SOOOOo 90
9TH. Two millions, tour hundred,
thousand dollars, bearing interest
at the rate Of six per cent per
mum, coming payable, az the
pleasure Of the state. after the 3lst
day of December Ss6...---.--.- s2,4OOOOO 90
Amount of foreign debt. siaoai,S57 20
9th. Two hundred seveuty-ave thou
sand, three hundred and eighty
five dollars being the amount of
the domestic debt, the principal
and interest of which is payable at
the seat Of government 275,3s5 90
Total amount Of the foreign and
domestic funded debt OF the
state the lst dag Of Jtnu-
ary, 1859, thirteen millions,
eight hundred niuety-seytn
thousand hundred forty
two dollars and twenty centn.-. Si3,s07 242 20
Is hereby made guide and direction obligatory up
ON the commissioners Of the siukng fund, for the
time being, in the discharge OF their official duties
and il also hereby made part Of this act as expan-
atory thereof And the commissioners ofthe sinking
fund 10 carrying into effect the provisions and
qurements Of this act are hereby required to issue
the certificates Of removal ofthe said funded debt and
annually apply the sinking fund to the payment
thereof First to the renewal aud payment IN full of
the first debt coming PAYABLE which viii be on the
first day Of January eighteen hundred and sxty-one,
l1S61. and then TO the portion Of the said debt
next coming payable, and on in order and in
cesson, so that the portion Of the said debt first
| coming payable shall be first fully redeemed and
paid; and the certificate first issned shall be for the
earliest period Of redemption and payment, and
ia such successon and order that the certificates last
issued shall he for the redemption and payment of
the portion Of the funded debt last coming PAYABLE
until the entire amount, and every portion thereof
shall fully be redeemed and paid Itiahoweyer hereby
expressly declared that the temporary debt Of the
state created reimburse the treasury by the Of
/ April ", 1855 amounting 10 hundred thou
sand dollars, the payment Of which being provided
for by the special tax, Is not included in, but IS
pressly expected from the operation Of this act
Sec. 9. The commissioners Of the sinking fund are
hereby required report to the Governor at the time
| OF making their semi-anuual reports, and such
! other times the Governor may require and also
| to the General Assembly to either branch thereof If
required by the joiut resolution Of the General As
semby, or by resolution Of either branch thereof all
aud singular their acts and proceedings done under
aud by authority of this act, BY under author
ty OF any its prOyi aud eluirements Aud the
General Assembly should not be in session at the
time that any such report is made to the Governor,
or " the report or reports should be made than
two months previous 10 the time when the General
| Assembly to meet, ut either regular session, or
at an adjourned called session thereof then, and ia
that case It shall be part Of the official duties Of
the Governor to any such report reports to
be published iu least two newspapers of general cir
culation published at the seat Of goyermsnt and in
/ az least two such papers published in each Of the
cities Of Cincinnati and Cleveland
Sec 10, This act shall take effect and be in force
on and after its passage.
| WILLIAM B. WOODS.
| Speaker OF the House Of Representatives.
MARTIN WELKER
| President of the Senate.