Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1859-05-06

pose, ana deliver the Same % the county
treasurer Of such county, and Il is hereby
made the duty Of such treasurer, upon the
receipt Of such warrant, to make payment
Of the principal aud installments Of interest
Of such debt at the times and places of paw
ment specified 10 the security therefor, out
of any money in his hands applicable 70
that use; and upon payment " the princi4
pal sum or instalments Of interest as here
10 provided, the treasurer shall take Up and
hold the obligation or interest warrant 90
paid till the same shall be cancelled as
herein provided, but If the interest 90 pro-l
vided for in the body Of the obligation and
not by separate warrants therefor, he shall
endorse the payment thereof on the obliga-
ton and take from the holder separate re-,
ceipt, specifying the date, amount number
and time Of maturity Of such obligation, and
the date Of the maturity Of the instaIlmsnt
so paid, and amount and date Of the
payment.
Sec. 2. If from any cause such debt or
installments of interest be not paid at the
time and place Of maturity thereof MS aforo-
said, 1t shall be tho duty Of the county
treasurer, at any time aftowarwards, 10 pay
tho same as funds in his hands applicable TO
that use may admit; but if the treasurer
was ready with funds al the time and place
Of maturity thereof TO make payment Of any
such debt or any installment Of interest
thereon, and the holder of the evidence
thereof did not have the same then and.
there present aud in readiness TO be surren.
dered, or 10 have the payment indorsed
thereon as aforesaid, tho county shall not
thereafter be bound to pay any interest
thereon, till payment shall have beOn after
wards demanded at tho lice Of the county
treasurer, and the same refused.
Sec. 3. 1t shall be the duty Of the csun.
ty treasurer aforesaid, on or before the first
Monday of June next after this act takes ef-
feet, to enter in book to be provided for that
purpose, at the expense Of the county. to bo
entitled funded debt to the credit Of fund
ed debt, the amount Of money in gross then
in his hands applicable to the payment Of
such debt, and shall, in like manner, on the
first Monday Of each succeeding month, en-
ter 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 to the debit Of the same account, all
sums disbursed by him out Of said fund,
specifying to whom and on what account,
which book shall be open to the inspection
of all persons interested in said fund, at all
times, and shall be kept in the treasurer's
office, and delivered with tho Office to his
successor in Office.
Sec. 4. 1t shall be the duty of the coun-
ty auditor of each county in this state, ow-
ing 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, as
the same may be created, an abstract of
the funded debt Of such county, specifying
the dates, amounts numbers times of ma
turity ofprinciPal, rate and times of matur-
ity Of interest installments thereon, and
wheu payable, and tho treasurer shall open
such accounts thereon in the book TO be pro
vided as aforesaid as may be expedient and
proper to show at all times the amount and
several classes of the funded debt of the
county, the rate Of interest accruing therein,
the payments made on account Of the same,
and the amount due and unpaid thereon.
} Sec. 8. 1t shall be the duty of the treas
urer at his ststcd settlements TO produce
and exhibit to the county commissioners
and auditor all obligations for principal,
! debt and interest warrants, by him redeem
ed 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, and the accounts corrected so as
to correspond with the vouchers so produced,
sail obligations for principal aad interest
warrants, shall be cancelled in such manner
as to prevent their being used or put into
circulation, and with the vouchers for inter
est paid other than upon warrants, shall be
filed and preserved in the office Of the coun-
5 ty auditor, and the county commissioners
a shall have the power at any time TO require
j the treasurer to surrender for cancellation
{ as aforesaid, the obligations and warrants
r by him redeemed, subject to his right to be
credited Herewith, according to right and
s justice; and the treasurer shall have the
right at any time, on reasonable notice, to
require the county commissioners and audi
}. tor to receive said obligations and warrants
for cancellation.
.. Sec. 8. County treasurors shall be al
lowed for receiving and discussing ali mon
eys coming into their hands, on account Of
the creation of funded debt Of anv coun-
J. ty, one half Of one per cent. on all such sums
% and no more, and for the collection and dis.
d bursement of all moneys raised by taxes 70,
the payment of tho principal and interest
u or either, Of the funded dsbt of any county,
: they shall be allowed one half of one pei
l. cent, and no more, on all such sums 50 col
If lected and disbursed, together with all nee
il essary and proper exchange, to be paid OUT
l. Of the fundsto which this act relates, 70 be
: settled and allowed 10 them by the county
:. commissioners and auditor.
,r Sec. Z. This act shall take effect and b
}. in forcO from and after the passage thereof
70 WILLIAM B.WooDS,