The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1859-07-14
S1473G,627 20

cd foreign and do
mestic debt Of State, S14,736,627 20
Deduct Sinking Fund
for years 1852 to
! 1853, inclusive, al
ready applied, 839,385 90
s18,897, ,2lg 20
Shall be and hereby is made guide
and a direction obligatory upon the
commissioners of the sinking fund, for
the time being, in the discharge Of their
official duties.
Section 8. All OF any portion of
such certificates of the funded debt Of
the State so to be renewed, as herein de-
scribcd, may be made and issued with
The principal and interest payable at the
treasury of the State, at the seat of gov
ernmeht or at the Office of the agency
Of the State in the city of. New York,
and at no other place whatever And
. all certificates of the funded debt so is
sued 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 tax
| ing the same, his, her or their order, as
the case may be.
Section 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 ofthe State coming payable as afore-
said, shall be made payable semi-annu-
| ally, (every six months) on the first day
Of February and on the first day of Au.
gust in each year, from the time of their
being issued. And the interest on all
| the certificates of the funded debt of
/ the State so to be issued as a foreign
debt, to renew any portion of the fund
ed debt Of the State coming payable as
aforesaid, shall be made payable semi
annually, Cevery six months) on the
| first day of January and on the first day
Of July in each year, from the time of
| their being issued. And no certificate
of said funded debt issued as a foreign
debt, the principal and interest Of which
shall be made payable in the city of
New York, shall be issued Of a less de-
nomination or amount than one thous-
and dollars, nor for any fractional part
of one thousand dollars above that sum;
but certificates Of the funded debt so
renewed, the principal and interest of
which is made payable at the treasury
Of the State, at the scat of government
Of the State, as a domestic debt, may be
| issued in amounts of one hundred dol
lars, or of FIVE hundred dollars, or one
thousand 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 certificates
so issued as a domestic debt, interest cou-
pons, or debentures, for every six
months interest coming due and paya-
bic, from the time Of the issuing Of such
certificate to the time Of the final re-
demption 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 the State that is to say the inter-
est coupons or debenturcs coming due
on the first day of February in any
year, may be taken for taxes due the
preceding goth Of December, and inter
est coupons and debenturos coming due
on the first day of August in any year,
may be taken for taxes due the proceed
ing Goth Of June, and be received from
| them by tho treasurer of State in lieu
of money, and paid over on the war
rant Of the auditor of State, drawn on
the requisitiOn of the commissioners of
the sinking fund, according to the re-
quirements Of law for the payment Of
| the interest on the funded debt of the
State; but no such coupon or debouture
shall be taken by any county treasurer,
or be received Of any county treasurer
by the treasurer Of State, or by the
commissioners Of the sinking fund, for
n greater sum or amount than the sim
pie interest expressed therein; and all
such coupons or debentures so paid by
the State shall be cancelled classified,
arranged and carefully recorded and
preserved in a book or books to be
kept for that purpose by the said com
missionors of the sinking fund in their
Office, at the seat Of government in lieu
of the duplicate pay rolls, as required
in regard 30 the payment of the semi
annual interest on the foreign funded
debt of the State And il shall also be
part of the official duties Of the said
commissioners to make such requi-
sitionas aforesaid; and it shall be
a part Of the official duties Of the
auditor of State 10 draw such warrant
on the treasurer Of State for the paying
over as aforesaid, Of all such coupons