The semi-weekly mountain Democrat., 1860-11-06
rRY ArrHoRIfY.1


The People Of the state Of California, represented IL
senate and Assembly, do enact as follows:
sE.TiuN For the purpose Of liquidaiing, funding
and paying the claims against the state "l CHluoI
MIA hereinafter specified te Treasurer ol state sha'
cause to brprcpared suitable bonds Of the state o
California not to exceed the sum 81 two hundred
thousand dollars, bearing interest at the raie %
seven per ccntum per annum from the date Oi thel
lssu. payable at the once Of the State Treasurer
| on the first day Of July one iltOusand ciRht nun
drcd aud eighty. The interest accrung on sau pond
shall he due and payable at the office cI the ITeasr
| er oiState on the first day OF january ana 'uy o.
each year provided that the first payment OF n
trrcst shall he made before the hrst day OF January
one thousand eight hundred aud siXty-iwo sad
bonds shall be signed by the GOvernor' anu 'ouh
| tersYned 10y the Controller and endorsed ny tilt
Treasurer Of state, and shall have tile seal OF the
, state affixed thereto.
Sv, . Coupols for the interest, shall be attached
To each bond so that they may be removed without
injury or mutilaon to the bond Said coupons, CON
,rcutivry numbered shall be signed BY The Treasurer
| II State.
SEc. g. 1t shall he the duty Of the Treasurer and
Controller of State, each. IL keep separate record
Of all such bonds as may lie issued, showing the num-
lrr, date and amount of each bond, and to whom
tic same was issued. and upon what clam. ana US
amount and none Of the claims herein specified shall
he liqldated or paid but inthe manner herein pro-
viied.
SIC. I. The sum Of ohe thousand dollars is hereby
appropriated, nut of any moncy IN the Treasury not
otherwise appropriated, Ia pay the expense that may
be incurred by the Treasurer in having said bonds
prepared but the Controller shall not draW his war.
rant on the Treasury for this amount until there Is
money therein to pay the same.
Sgc. . All pcrNnhs having any "!the cla'mP against
IN. State Of California entitled tu he funded as here
nnfer specified shall. upon The pres nta'!uh al The
same to the Treasurer "i state receive III exchange
therefor bond bo;ds Oi the State OF California.
provided COR in the first section of Ills Act, but n"
bond shall lie i,,.cd for less sum than five HUI.
,lr.d dollars. hur hi fractional parts ~ II hundre"
dollars but ;hr Treasurer may ss1" certificates ~
matt
| ate : al lie transferable and cnticd T. h. funded
~ before prrvd. The Treasurer sl'all e'iurs" Oh
tn, hurk Of each claim =" received AMI hqIhia' J.
the date un which hc received the sam, ala Irorn
| whom and the uuinb.r uf the bond iSSiitd in ~.
change therefor. aud such claim slall be filed in tie
! nn,r Uf the Secretary Uf STAFF.
| SIC Il. For the payment within twenty years of tl'
principal a d interest "f The bonds issued under iis
At .ther. sia be levied Annually until the bnid>
are paid and prOmrily collected n tlIc same manA vr
~ IL or may b. provided by law for ordinary STATE
taxes ataX OF one and one quarter cents uh cat!' "
hunir,d d"trs Of the assessed value of real aii'!
personal properly in the State anl the flEd 1t, rivd Il
from this tax shall b, set apart and applied Nriive.
ly to the payuet, Cf The int rect the bonds h. re-
in prolfir,i and thc nnal redemption of thr TrIT
rpaI VI said hnHdS aud Il" faith ot III" State NJ ta,.
inrnia is hereby I',dEcd for the payment rs herein
provided. of the bonds issued hy virtue OF his Act
and the interest thereon; and all n"ncys that r'ht
he received ty the state of California from the tu
ted States Government on account OF the CIV j
Fund" ~ called. are her, by irrevncab'y pledged Ia
The Iayiut III Ul the principal anu ltcTttt on lH'
bnnIs issucd under Ills Act. w.iiul refusal or
neglect by III" Supervisors, or any other officer, Ia
Ivy or collect the taxes imrnsed by this Act, shall
| be n miscmrahor, and the person or Iers"ts con
Vctul thereof shall be removed from UthCt, ard pun
Slltd ly h,." not exceeding cne thousand dollars
| or by Imprisonment ia the County jail not ,Ncce,l.ag
six months. or by both such hue and Imprisonment
| SEC. I. Whenever, oil the first day Of february a.
August In any year, there remains alter the pdyi.rn
Of the interest hcreinheiUrc provided, IA surplus
Of ten thousand dollars more, il shall bc tie ii ny
o' the Treasurer tn a"verti>" Tor tic space o. ";'t
week In one daily W>pdl'cr, published in Eng>.
rithr city rf New YOrk and for one month in uii,
daily newspaper published in English. al i.c STAT
Capital. for scaled prulu-S u b. opened nic '"'I'l
Mfcr the expiration OF such publications, l.! ~
frrrstrrrr prrSrnr' tr iuvvrfTur er;t;rrfi-r
at the state Capital for the surrender uf bond, l.,
sued under this Act, which advertisement s!.a!l stat,
the amount Of manly lac has on hand for tlc lur,>,
Of redemption and they shall accept the lowest IrC
posals ut rates not exceeding par value, as may re-
deem the greatest Amount NJ hOnd- mt the amount
0f cash OH hund for the reitmpfiun is exhausted
, provided. however, in case Il su.Tciclt amount :,
such bonds >ha not b. offered, as aforesaid, TO rN
haust the Sinking Funl irA less amount than ttr
thousand dollars then it Is hereby made the duty o
thu Treasurer To ac, crtse in two wsParers. ii
New York aud out AZ the Capital Ut thlS state, 'uI
three months, ~hirh advertisements shall state III,
amount in the sinking Fund aud the number o
bonds numbering them in the order Of their Issuance
which such fund is set apart tn ray aud discharge
mud II such bonds numbered IN such advertise
mcnt shall not be presented for payment and ranC,
ation within three months from tie expiration o
such publication, then such fund shall remain in The
Treasury to discharge such bonds whenever pre-
scntcd hut they shall draw Interest after such
| publication. NJ last Aforesaid
SE. : Tie Treasurer "f state -i.all ktsp full and
particular account and record Of ali his proceeding.
under tins Act. and ~ ~" honds redeemed anl
rendered. and he shall transmit 1" the GOvtruor
abstract Of all his proceedings under this Act, With
his annual report, I" he by the ovrrnor laid before
the Legislature aud all hooks aud papers pertaining
to the matter provided frr in this Act shall at all
times b. open for the inspection Of any party inter.
ested or til. Governor, or the Attorney General, or
n Committee Of either branch Of the Legislature, or
| Joint Committee 0 both
Src o. 1t shall he the duty Of the Treasurer to pay
the interest said bonds when the same falls dur
out Of said Interest Fund, IL sufficient and il sad
fund be not sufficient, then tn ray the deficiency out
Of the General Fund provided, that the Controller
Of State shall first draw his warrant the Treas
urer, payable tu the order Of sadTrcasurer, for the
| amount Of interest money about To become due,
which said Interest warrant shall be drawn at least
one month previuus to the maturing Of the Interest
SIC. IL. 1t shall bS Ihc duty Of the Governor and
Controller. while said bonds are being issued, to ex-
anime all claims received by the Treasurer afUre.
said and cause the same to be registered and cancel
ed in such manner n to prevent them from being
issued or put in circulation.
SEc. II. The following are specified MS the claims
which entitled TO BE- received and funded under
this Act:
FirSt-Civil bond. Of TIE State issued under tic
fundnc Acts passed In the wears thousand eight
| hundred and Gfty-nnr, one thousand eight hundred
aud ffty-two one thousand eight hundred and fifty
three, thousand eight hundred ard fty-fve, and
one thousand eight hundred and ff;y>ix, which are
| now outstanding, with interest due on the slIne when
| presented rs appears by the coupons
| Stc"ni-C"ntrullrs warrants, drawn under sane
tion Of law for civil expenses prior tn January first
4. n. onc thousand eight hundred ard fifty seven,
and now outstanding and urpad. But the provs.
ions of this Act shall not authorize the funding Of
any Uf those warrants tho registration and endorse
nent Of which were cancelled or requred to he can.
| h s,fs An Act al
is,raiiOn and Endorsement Of certain warrants and
prohibiting the payment Of the same, approved Jau.
uarythlrtcth, A. u. tne thousand eight hundred and
| hfy-SiN, warrants which have been specially ad.
Judged Illegal ly any Court and all said warrants
specified ia the last mentioned Act, hereby eX.
prcssy excluded from all the benefits and provisions
| Of this Act
Thild--.Ius; or !, gal claims against the State ac.
cru,d prior 20 January first one thousand eight hun
| drcl ani tfty-srNen, and which have been may
be- allowed and audited by Act Of the Legislature.
And if the Treasurer Of State shall willfuy issue
bonds upon claims not herein specified as receivable.
| II shall he decnr, 81 misdcmeanor, aud he shall he
punished provided in section six this Act and
| such bond shall hevoid,
SIC ~. The claims specified in this Act may be re-.
ceved for funding, and bonds therefor may he issued
p i0r o the first day OF january, thousand eight
hundred and siNy-two, hut not aftrrward and all
claims not presented for funding prior To that time
are excluded FROM the provisions of this Act and
such blank bonds prepared under the provisions nf
| this Act as shall then remain on hand shall he des.
iroyed in the presence Of tie Governor, Contrulior
| and Treasurer.
SIC IL. This Act shall take effect on the first day
! Of January, \. n. one thousand eight hundred and
SiXtynnc, ~ to all Its provisions except those rrl.
ting to and necessary for its submission the pco
pie, AMI for returning, canvass ng and proclaininl
the vote, which shall take effect Immediately.
SIC II. This Act shall he submitted to the people
of the State for their racation the next general
election, tn be holden the Tuesday next after the
| first Monday in November, one thousand eight hun