The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1859-03-18

AN Ne1r

tNo.Bl AN ACT.
Relating ls NE redemption ard csnoellnloa of hs tsouf
ties f1f The fuuded debt Of counties in this state.
Sec T. Be IL enacted by the General Assembly Of tbs
State NJ Ohio That BE- hrfhy mnde me duty OF ho ooun
w auditor Of any couniy IN this state owing funded debt
bcsfinr interest paynbe az stated poros to dta,v al he
proper umes hy warrant upon the treasurer Of his rountv
iof The pnymeni of ue rfois Of such nsaInrns Of
prucpsl o Interest may be then due fot such Of
money the treasury a may be arpunbloto that pufpote
and deliver tie same couny sncb onunit
and h hereby made The duty vi such rsniufef unon e
receipt Of such wauani 10 maks payment Of tho principal
and instnmcnis OF Interest Of such Debt ui te times and
places payment specified in to security therefor out OF
any money 10 bis hands applicable 70 that md upon
payment ofhe principal SUN ofinstalnenii VI nsfet a
hocin provided The ifuafrf shall take and hold The od
CATION o Interest warrant 20 pl ibo same shall be can.
In thr boiy Of die ALLEGATION and not be seps,ic
horot he shall sndorc The payment thereof on The ob
Eaon and take from the hodrta separate receipt pscf
Ing hs date amounii nnmer and time ofuniuriy NJ su6h
obligation, and the date Of the maturity ofho nsallnent
20 paid, and amount and date oftle payment
Secs. tffcm any such debt nsallmsts Of IN.
efpu he pad The time and placo Of maturity thoeof
10 aorotad shall be- tho duty o tho county tFeasner al
any time a0otwsris to pay the ane ~ funds In his hands
applicable 10 that use mhy admit but VI the was
ready with funds at tho tins and place Of maturity thereof
10 make payment ufnny such debt my nstument of In
cnn, and the holder Of tho evidence thereof did
not have the then and there present and IT, rsalnc1
ho snrcndetcd 20 hate tho r1jmrni ndnrsed thereon
a. sfssald tho county tha not Thereafter be- bnur 40
INV tl bee,
demanded Al the Office Of The couuiy casuc and the
Sea h.aii be the duty ofhc couut, irea,rr,, e,,,
mid on or shout the nfi Monday IN June amer hls act
hkcs effect to enter n book to be provided tor that uf
pose, NJ the cKpcngo Of the county 10 bo entitled funded debt
tho credit Of funded debt, the amount fmoney In prnss
then IN HE hands applicable 10 the paymmt Of such debit
nld iha In Ike mnnner on the tut Monday Of each
oeudng month"; enter In said book 10 the credit OF the same
amount a Of money received by him during ne me-
ceodiur month, applicable the payment Of such d5bt sc
yinr from what che were received and shall
At tho proper dates, enter n the book the debit Of
the ac'uuut, a sums disbwsed by him Of sad
0nG ,pec Wing 10 whom and what account which booI
Ia t.U Nit Nn HNfIf fN all
said fund, aumoi ana lhnllbe kepi In the rca,urerso oE
dcc and delivered over With the Office to bis successor In
Office.
Roc g. Il shah be- the duty orthe county auditor Of zach
county in his statu owing funded debt niorotaid 10
furnish e county reosrfofol such county without
esny delay ancf o passage Of Ibis ho and from time 10
time anergar tho same iy ha created, abstract Of
tet-dcd d,hof.aoh county, periing tho datos nmouus
nunhor times o'matutity of principal and tmes Of
maur BY md Interest mhlmonts thereon, and when nav
ao and the treasurer shall open such accounts thereon In
te book 10 be- proyed ~ Aforesaid A. NAV he eyeeJn
and proper shaw all times the amount md else
ofhc funded debt Of tho county, the OF
cruug thereon The payments made on account Of The sane
and The amount dug nnd unpaidthgwon.
f5c b. Il shall be- the duy OF tho treasurer NJ his stated
culrmrnil 10 produce and exhibit 10 the county rnmis
c,t weranu Ny him redeemed che rcquitcmen
OF this act, and nll receipts r ntcfoi prid In cases In
which hetc arc no tsprfsio waan, aud uiitf the sane
shl DO csupBiod with HE accounts and be accounts cor
pced 70 untospoud with tho vouJhur. pro uued
said obligations iorprncipa and interest wnuanti shhbe
cancelled In such manner us 10 prevent their bong ued a,
ma itt, eirunton and with ,he yourlt y, IA, .I
others than upon warrants shall be- fled and preserved In
the oce OF Tho c0unty auditor and tho county comnisson
tha have The power at nny time inquire the treasurer
TO surrender ior citation ~ aforesaid tho ohaaons
and whuanu By him Frdcrmeh suhcct 10 his rrhtto bo
credited cfawh, accorlng 10 right and iusUoci and the
ifunsufer shall h'e The right n any time Reasonable no.
tlce,o gue tie county oommisspnets aud auditor 10 te
eelyo said obligations and warrants for cancellation.
Fec q. County treasurer shall he allowed Toe receiving
and hursing oil moneys comug into their hands ON ac.
of the creation Of funded debt OF any countv one
half Of per tcnt on nl such and no more ana m
the collection and dishuuemeni Of al moneys tnspd by
taxes ot the payment of the principal and Interest or other
Of tho funded debt OF any county they shall be allowed one
half Of one per ce ~ and more, an such sums 10 col
lcoled sud duoh, together with a necessary and mon
eAchanEc, 10 be paid ont ofthe funds 10 which this
lae' To be settled aud allowed to hcm by the county CON-
and auditor.
sec.7, This act shall take eb0t and be In force from
and un,r the paiduge thereof
WILLIAM WOODS,
speaker OF lhe House of Reprcs rtatyus.
y. HAsSErT LANGnOM
President pro tom. OF the senate