American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-04-07

the interest be provided for in the body OF
the obligation and not by separate warrants
therefor, he shall indorse The payment thereof
on the obligation and take from the holder
separate receipt, specifying the date. amount,
number and time OF msturity Of such obliga.
tion, and the date of the maturity ofthe in
stalment so paid, and amount and date OF the
payment.
Sec.2. II from any cause such debt or III
stallments Of interest be not paid at the time
and place OF maturity thereof as Aforesaid, il
shall be the duty OF the county treasurer, at
any time afterwards, TO pay the same IS funds
in his hands applicable To that use may admit;
but the treasurer was ready with funds at
the time and place Of maturity thereof to make
payment o fany such debt or any instalment Of
interest thereon, and the holder ofthe evil
dence thereof did not have the same then and
there present, and in readiness 10 be surren-
dered, or TO have the payment indorsed there
on as aforesaid, the county shall not thereafter
be bound to pay any interest thereon, till pay.
ment shall have been afterwards demanded at
the office OF the county treasurer, and the same
refused.
Sec. 8. II shall be the duty Of the county
treasurer aforesaid, on or before the first Mon.
day OF June next after this act takes effect, to
enter in book to be provided for that purpose
at the expense of the county, obe entitled
| iuHuCu uGUl W tuG CICulJ OI luUutu uGDlg Tue
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 10
the credit OF the same account, all sums OF
money received by him during the preceding
| month, applicable to the payment OF such debt
| specifying from what sources the same were
received, and shall, at the proper dates, enter
in the same book 10 the debit of the same ac-
count, all sums dsbursed by him out OF said
| funds. specifying TO whom and on what &C
count, which book shall be open to the inspec-
| tion of II persons interested in said funds
at all times, and shall be kept in the treasu
rer'S Office and delivered over with the Office
to his successor in Office.
Sec. 4. 1t shall be the duty of The county
auditor of each countyin this state, owing
| funded debt as aforesaid. TO furnish the coun-
| ty treasurer OF such county, without unneceS-
sary delay after the passage of this act, and
| from time to time afterwards, as 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 installments
thereon, and when payable, and the treasurer
| shall open such accounts thereon in the book
to be provided as aforesaid, as may be exped-
ent and proper to show at all times the amount
and seveEal. classes of the funded debt of the
county, the'rate OF interest accrueing thereon,
the payments made on account of the same,
and The amount due and unpaid thereon.
Sec. S. 1t shall be the duty OF the treasu
rer at his stated settlements, TO produce and
exhibit TO the county commissioners and audi
| tor, all obligations for principal, debt and in
terest warrants, by him redeemed pursuant
to the requirements 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, AMI the ac.
| counts corrected so as 10 correspond with the
vouchers so produced, said obligations for
| principal and interest warrants, shall be can
| celled in snch manner as to prevent their be-
| ing used ot put into circulation, and with the
| vouchers for interest paid other than upon
warrants, shall be filed and preserved 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 obligaians 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 re-
quire the county commissioners and auditor to
receive said obligations and warrants for can
! collation..
Sec 6. County tteasurefs shall be allowed
for receiving and discussing all moneys com
ing into their hands, ON acoo1nt Of the crea-
ton of funded debt Of any county, one half
Of one per cent, on all such sums, and no
more. and for the collection and disbursement
OF al moneys raised bytaSes for the payment
OF the principal and interest or either, of the
funded debt OF any county, they shah be al
lowed one halfof one per cert,..and no more,
on all such sums so collected and crsbursed,
! together with all necessary and proper ex-
change, to be paid out ofthe funds to which
this act relates, to be settled and allowed to
them by the county commissioners and audi
| tor.
Sec. Z. This act shall take effect from its
passage. ~
Speaker OF the House Of Representatives,
| MARTIN WEBKER,
| President Of the Senate.
| mo III ~jff-AN ACT "a,