The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1859-07-08
s3e,3s5 90


Shall be, and hereby is made guide and direc-
ton obligatory upon the commissioners OF the
sinking fund, for the time being, In the discharge
OF their official duties
SEC g. All or any portion Of such certificates
Of the funded debt of the state so To be renewedas
herein described, may be made and issued with
the eprinclpal and interest payable at the treasury
OF state at the seat OF government. or at the ohce
OF the agency OF the state in the City OF New YORK,
and at no other place whatever. And al eertiti-
Gates OF the funded debt so issued rs domestic
debt the principal and interest Of which is made
payable the treasury o! the state shall be issued
payable 10 the party parties taking the same his,
/ her, or their order, as the case may be.
/ SEC a. The interest on all the certificates Of
he funded debt of the state, 80 to be issued as d
domestic debt to renew any portion OF the funded
debt OF the stale coming payable as oresaid, shall
/ be made payable seml-annualy .leyery six monthel
on the first day OF February and on the tirstday OF
August i'll 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
foreign debt, to renew any portion oil the funded
debt OF the state coming payable as aforesaid, shall
be made payable semi-annually, ,ievery six monthsl
the first day of January ond on the first day OF
July in each year, from the time OF their being
issued. And no certificate OF said funded debt 30
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 less denomina atlon or
amount than one thousand dollars, nor Tor any
fractional part of one thousand dollars above that
sum: but certificates of the funded debt SO renew
ed the principal and interest OF which is mndo
payable the treasury OF the state, at the seat OF
government OF the state as a domestic deb; may
be issued in amounts OF one hundred dollnrs.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 SINK;
ing fund OF any year. And there may be attached
TO All such certificates so issued domestic d6bt,
interest COUPONS, or debentures, for every six
months interest coming due and payable, from me
time OF the issuing OF such certificates TO the PERIOD
OF the final redemption and payment oi the same
which interest, coupons, or debentures may Do
taken by the county treusurers In lieu oi money
in payment Of taxes due the state, that Is to say
the interest coupons, or debentnres coming due on
the first day OF February in any year rInay De laRen
for taxes due the preceding 2Oth oil December anu
interest coupons or debenlures coming due on me
first day ol August IN any year may oe lakeh lof
taxes due the preceding 2Ouh oi June, and be re-
ceived from them by the treasurer OF state IN ieu
of money, and paid over on the warrant OF lhe nu-
ditor of State drawing on the requisitlon OF the
commissioners of the sinking fund, according TO
The rconirements of law Tor the payment OF me IN
erest of the funded debt OF the state; but no such
coupon or debenture shall be taken oy any county
treasurer, or be received of any county treasurer
by the treasurer of state, or by the commissioners
| OF the sinking fund, for greater sum OF aHount
than tie simple interest expressed therelh anu al
such COUPONS or debenlures so paid by the sNa's
shall be Cancelled, classified. arranged ana care
fully recorded and preserved in BOOK OF oookt'
10 be kept for that purpose by the said commis'
soners Of the sinking fund, IN their once al 'he
seat of government; in lieu OF the duplicate pay
rolls as required in regard 10 the payment OF tho
semi.annual interest on the foreign funded oeot o.
the state And it shall also be part OF the onelai
duties of the said commissioners 20 make euc re :
ouisition as aforesaid and il shall be part oi'ne
official duues OF the auditor OF state to draw sucn
/ warrant on the treasurer Of state for the paying
over, as aforesaid, OF all such coupons oI - Geuem
lures as ofen once in each week, lInu hv
if deemed essential 10 the interests o. iIo
~ fetof M
ri i, ,ybirh anv of said coupons or debentuIes
shall have been received into the slate uii Io
aforesaid And the treasurer OF sIuto eLuN So dISo
,noLa mt and register IN MS oIhGe, eohiP'eS
ss Of a n such coupons OF debentures SO re-
,oirci by him from county ueasurets' ano pau
- IN fIe commissioners OF the sinking Juno Oh
the warrant ofthe auditor oistate araw9 as a,ouJ c,
s"id. and also shall furnish copies oi al sueh
scbelules 10 the comptroller ot the treasury otths
cioss of business on zach day, in which any suen
COUPONS or debentures shall be 80 paid over ~
! him.
| SEC. 5. 1t is hereby made the special , guy ..
the commissioners of the sinking fund 10 aaVeiuse
| for proposals or bids for the taking ol al! ., euJ
norton of the funded debt Of the state so 70 pe tS-
/ newed as herein provided, as domesue ueo. s
herein descrbedor the term oI a. ie1Ss T ~ s"c
bijs or proposals for the taking OF such domesuo'
debt in At least one newspaper oi geneIai eheula
ion published in each county IN this state' ana
whatever portion OF the said debt 80 TO be renewous
nj such time as shall remain without being taken
as such domestic debt on the terms herein speeinen
oIer the expiration OF the said term OF SIX nonuns
! i'm which the same may be taken ns such domessio
debt as aforesaid, shall be offered by the saii ooata
| of commissioners of the sinking fund for the sal;
/ in the city OF New YoIS as a ioItlgn aeel sIo
for that purpose, the said commissioners thaii ~
vor,ise Tor proposals or bids for the same IN o.
ienst two newspapers Of genera circulation, pub.
i;shed in the city Of New York, for term ei 81
least sixty days next preceding the day set ioi lS
closing OF The bids or proposals 'Gr me ishs "a
the same And all certificates Of such leneN ls,Io 90
funded debt that may be issued as such aonles.;SS
debt, az herein described, shall Il lss-Sd ~ sS'S