The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1859-04-21
LAWS OF OHIO.
PaLiisIsd BY dathority


mo. l61 AN ACT
Relating TO the redemption and cancellation OF The
securities fJt tho cuudod debt Of counties in this
State.
ssarios 1. BE eaa,isi 5y the 0encrat Assembly
Of the Stie of Oi,a, Thait Is hereby made the duty
cf the oOunl auditor of amy county In this state ow
ing fuH1ed dc II aeiriDg interest payable "t Mateu
periods TO draw ~ the prop times, his warrant up
on the treasurer ul hs county Tor the payment o the
gross sum OF such msallmonts OF principal or inter-
rs may he then due, or for such sum OF money W
the treasury ~ may be applicable 10 that purpose
aud yor the same tho county treasurer Of such
county aud II Is hereby made the dnty ofsue treas
ursr upon the receipt ofsuch warrnntto MAKE pay,
nsnt OF th prnuipa and nstallmChts OF intoTeAt OF
sueh debt at the times aud places OF payment sPec
Gsd In The security therefor, out Of any money III hm
hands applicable to that use; and upon pnymcm OF
tho principal sun In allmens uCintcrest as here
In provided the treasurer shall take mp and hOld tue
Obligation o. interest warrant SO paid Till tue same
shall bc cancelled ns herein provided but " the in
teret he provdod for in the body OF the obligation
aud not by separate warrants therefor, he shall IN
durss tho payment thereof on the obligation and take
FROM tho holder separate receipt specifying the
date, amount number and tmc OF maturity OF such
obligation and the date Of the maturity OF the INSTALL
inaat 80 paid. and amount aud date OF the payment
See .. lffrom any cause snch debt or ins'ai
,pents of interest be of paid the time and place Of
maturity thereof a. Aforesaid IT shall be the duty OF
the county treasurer At any time aiterward' 20 pay
the same as funds in his hands applicable 20 that use
may admit but IL the treasurer was rcndy with iunus
~ the time and place of maturity thereof 10 make
ptyment ofany such debt or any nstnlment of inter
u.
ala not have the same then aud there present ana IL
readiness TO bc surrendered TO have the payment
irdurs1d thereon aforesaid the county shall not
thereafter be bound to pay any interest thereon, t
un,mrui shall have boon Afterwards demanded Mt the
ofice OF tho county trcnsurerand the same refused
Soc. B. lshall bo the duty Of the county treasurer
aforesaid, before tho first Monday of june next
oftcr this act takes effect to enter In book TO he
provided for that purposeat the expense OF the coun
~. 20 be entitled funded debt to the credit ol funded
debit the amount OF money IN gross then In his hands
like manner, on tho first Monday o. each succeeding
month enter in s book 60 tho credit Of the same ac'
count, IN of money received by him during the
prencling munh applicable to the payment OF such
debt specifying from what sources the same were ro'
Ccyol aud shall nt tho proper dttea' enter IN tue
same book TO the debit of the same account all Hnms
utsburyed by him out Of said fund, specifying to
whom aud on whit account which book shnll he open
10 tho inspection of all persons Interested id sai
fund at al tim's aud shall I've kcptip the trcnsurers
Office and delivered orcrw The ofce to MS success
or IA office. 49,
ofaach county in this state, owing funded debt as
aforesaid, TO furnish the county treasurer OF such
county, without unnecessary delay after tho passage
of this act ant from time TO timo afterwards, ns the
same may he created an abstract OF the tnndcd deh
otsuch county, specifying the dates, amounts, mum
bars times Of maturity Of principal rate ana times
otmnurity of interest inH'llmsntS thoreonand when
paynhle aud the treasurer shall open such account
thcrcuu in th book to he provided, M aforesaid 81
may he eXpolcnt aud proper to show at all times th'
nmoupnnd several classes of the funded debt of The
county tho rate OF interest nccrung thereon the pay
mcnts made on account OF the same, and the amoun
due and unpaid thereon.
sec. ,. IL shall be the duty OF tho treasurer nj hi
stated settlements to produce aud exhibit 10 the coun
~ commissioners and auditor all obligations rprn
,ipal Il, bt aud interest warrants, Ivy him redeemed
pursunnt TO the requirements OF this act aud all re
copts for interest paid in cases In which thore arc NJ
separate warrants and after the Same shall he com
pared with his accounts and the accounts corrected
So ms to correspond with the vouchers 40 produced
said obligations for principal and interest warrant
shall he cancelled in such manner az to prevent thei
being used or put into crculationn and with the youc
crs or interest paid other than upon warrants sha
be fled and preserved In the office of the county nu
ditar, aud the county commissioners shall have th
power at Nuy ns TO require the treasurer to surren
der for cancellation ns aforesaid the obligations
warrants b, him redeemed subject TO his right to b
credited herewith, according TO wight and justice
aud the treasurer shall have the ri Sht Mt any time
reasonable notice to require the county commission
rrs md auditor receive said obligations aud wal
rants for cancellation.
Sec G. County trcnsurcrs shall be allowed for re
raiviug aud disbursng all moneys coming into thei
hands on account OF the creation of a funded debt
any county one half of one per ceut,n all such sum
mud no more, AMI for the collection and dishursmer
u all mnneys raised by taxes for the pRym nj of th
principal and interest either of the funded del
of any county thcy shalt be allowed onc-half of on
pcr cent. and no murc, on all such sums so voleCte
and dshursed gethCr with all necessary and proI
,r cNchuugc he paid out of the funds 10 which th
act relates to he soted and allowed to them by III
county commissioners and auditor.
seo.7. Thsact shall take eject and be in fore
from aud after the passage thereof
WILLIAM Il. WOODS,
Speaker orthc House of Representative
MARTIN WELkER.
President of the Senat