The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1859-05-11

amount of money in gross then in his hands ap-
plicable to the payment of such debt, and shall
in like manner, on the first Monday of each
succeeding month, enter in said book to the
credit of the same account, all sums of money
received by him during the preceding month,
applicable to the payment Of such debt, Specl-
flying from what sources the same were receiv-
ed, and shall, at the proper dates, enter in the
same book to the debt of the same account, all
sums disbursed by him out of said fund.- speci
flying to whom and on whst account, which
book shall be open to the inspection of all per-
sons interested said fund.- at all times, and
shall be kept in the treasurers Office, and de-
livered over with the Office to his successor in
office
Sec. 4. It. shall be the duty of the county
auditor of each county in ihis state, owing a
funded debt as aforesaid, to furnish the county
treasurer of such county, without unnecessary
delay after the passage Of This act, and from
time to time afterwards the SAME may be
created, an abstract of the funded debt of such
county, specifying the dates, amounts, numbers
times of maturity OF principal, rate and times
Of maturity of interest instalments thereon,
and when payable, and the treasurer shall open
such accounts thereon in the book to be provi-
ded as aforesaid as may be expedient and prop
er to show ut all times the amount and several
classes of the funded debt of the county, the
rate of interest accruing thereon, the payments
made on account OF the same, AMI Tie amount
due and unpaid thereon.
Sec. 5. 1t shall be the duty Of the treasu
at his stated settlements to produce and exhibit
TO the county commissioners and auditor, all
Obligations for principal, debt and interest war
rants, by him redeemed pursuant &c the require
ments Of this act, and all receipts for interest
paid in cases in which there are no separate
warrants, and after the same shall be compared
with his accounts, and the accounts corrected 50
nd tha nl,a,c ,cnl
said obligations for principal and interest war;
rants, shall be cancelled in such manner Is to
prevent their being used or put into circulation.
and with the vouchers for interest paid other
than upon warrants, shall be filed and preserv-
ed in the Office of the county auditor, and the
county commissioners shall have the power at
any time TO require the treasurer to surrender
for cancellation as aforesaid, the obi cations
and warrants by him redeemed, subject to his
right to be credited herewith according to
right and justice; and the treasurer shall have
the right at any time, on reasonable notice, to
require the county commissioners and auditor
to receive said obligations and warrants for
cancellation.
Sec s. County treasurers shall be allowed
for receiving and disbursing all moneys COM
ing into their hands. on account of the creation
Of a funded debt of any county, one half Of one
per cent. all such sums. and no more, and
for the collection and disbursement of all moneys
raised by taxes for the payment of the princi-
pal and interest; or either, of the funded debt
of any county, they shall he allowed one-halt
of one per cent, and DO more, on all such sums
so collected and disbursed, together with all
necessary and proper exchange, to be paid out
of the funds to which this act relates, to be set
tied and allowed to them by the county COM
missioners and auditor.
| Sec. :. This act shall take effect and be in
force from and after the passage thereof.
WILLIAM Is. WOODS,
Speaker of the House of Representatives.
| MARTIN WELKER,
President of the Senate.
| February %, 1859.