The semi-weekly mountain Democrat., 1860-10-24
fBY AUTHORfTY1

Tie People Of the State Of California represented In
Senate and Assembly, do enact as follows:
SECTION I. For the purpose Of lquIdatIng, funding
MA bersinaft~r specIaes tbe reamSsT ~ ss,. .I'"
cause TO b,prpaTed suitable bonds Of the State "
California, not 70 exceed the OF two hundred
thousand dollars, osArlng Interest At the rate Of
seven per crntum per annum from the date Of their
Issue, payable ut the Office Of the State Treasurer
the nrst day 81 July, one thousand eight hun
dTed anh eighty The interest accrunE on said bonds
shall be due and payable At the ONCE or the Treasur.
er ofState on the first day n January and July Of
each year provided that the first payment Of in.
terest shall be made before the FIRST day Of January
one thousand eight hundred and sixty.two. Said
bonds shall be signed by the Governor, and coun.
tersigned by the Controller and endorsed by the
Treasurer Of State, and shall have the seal Of the
State liked thereto.
SIC. .. Coupons for the interest shaII he attached
to each bond 80 that they may be removed without
Injury or mutilaon to the bond. Said coupons con-
'ecuvely numbered, shall be signed by the Treasurer
Of State.
Src, 4. 1t shall be the duty Of the Treasurer and
Controller Of State, each, to keep y separate record
Of all such bOnis may he issuc, showing the mum.
ber, date aud amount of each bond, and to whom
the same was issued and upon what claim, aud It's
amount; and none Of the claims herein rprC ied sall
be lgudAted or paid but inthe manner herein pro-
yidrd.
sEc. 4. The sum Of one thousand dollars lS hereby
appropriated out Of any money In the Treasury not
otherwise appropriated, pay the expense that may
BE- incurred by the Treasurer in having. said bobds
prepared but the COhtro!lsr shall not draw his
rant the Treasury fir this amount until there Ia
money therein to pay the same.
SIC. 5. All per.Ons having any ofthe ca ms against
hr State Gf California entitled 10 be funded here.
mater specified shall, upon the presentation Of the
10 the Treasurer ~ State. receive IN exchange
therefor a bond bonds Of the State of California,
prnvid ID fnr IN The fret section uf this Act but
bond shall be issued for II less sum than hvc hun.
drrh dollars. nor for fractional parts Of hundred
dollars, but the Treasurer may issue certificates of
such fractional parts not bonded which said certiA
cate shall be transferable and entitled T. be funded
a. before provided The TreAs surer shall endorse on
the back Of each claim 80 received and lquidated,
the date which u" received the same, aud from
whom, aud the number Of the bond issued IN ex.
change therefor, and such claim shall he fled in the
office ~ the Secretary of state.
Sgc 6. For the payment within twenty years VI the
PRINCIPAL and interest of the bonds is,u,d under this
Act. there shall be levied annually until the bonds
are pad, and promptly collected IN the manner
~ Is or may he provided by Law for ordinary State
taNrs tax 81 one and one quart cents on each one
huUdr-d dollar. al tie assessed value Of real and
per.ouHl properly in the STATE and the fund Il, rived
from th.s tax sal! b. s"i apart and applied xrusve
Iy to The paymen; 81 the interest on The H. nls here.
In pre-, idcd, and the hna rr'lenp'l"n' of the prin
cpl Of said b,uds and the faith o the state of Cal
lorna is h'rchv pledged for titr pnytich NJ herein
provided n' the bonds s.urd by virtue Of this Act.
AID tir interest thereon, and all rhru"y. that may
br received ly the stat of California from the I'm.
It'd -StAt,s G"tTrHgI..u: Un acrnaat Of the :. CYil
funI. - called, hereby irrcvoraby pledged to
u- l.nynrni ot "a" principal aud interest on the
bDuis I.-urd utl'r Tia ACT. wiiiful rCfTgai or
nrg-'t Icy the Sap'tVIs"is, any n'lrr .ficcr. Ia
.vy tnlr the taxes IMPOSED by tins Act -hall
BE- u!S Si"m'aEur, ahl the person or perS"ns con.
Vcteh thereof shall u" TeaoN, d from nt .r and pun.
i'h-d by nnc not exceeding sne thousanh dollars
by iupri,"nncht 10 the County JAi! no, rXrredng
ok months ar By both such hnc aud imprisonment.
50 Wh"b-Ntr. ON the first day OF February or
AuIs; ~ any year, there remains. a.ct the payment
o. the ii'crrs,. ~ h,rrnbrfuTe provided, sIp!us
of ten tiOu'ahd d".ar or more, shall be- the duty
~ The Treasurer to advert -. for the srArr Df
w,ck IN one dnly n-"sp'pcr. pub.i"i u E'.Ii',.
H. the city ot NrW Nn.k, aud irr one month in "nr
daily wspap.r. published IA lnei nj, At The state
Capital sIr Sr4!ed prGpusas. to b. ,ie ed Vie rioril
AFTER the 'NprAi.1n ~ suc!, puh..cAil"ns by the
Tr, AuTrr, IN Prc>rnc. ~ the Governor Controller,
al the stat Capital. FOR the surrender o b"nd, L.
sued uud.r tus Act which al rtsrIICrt shall stat.
IN" amount q NANCY he has IN h,ni tor th- pufI","
ot r"i - ion and hry siAn accept the lowest IIo.
p".1ls. Al rates H" ."rdLg par va.Gc, as may lc.
drrtI the griir,i 4a"In % b.i.d- uit ihc aroant
81 uNs'i 81, Li! f"r the rel, I,nIpl.nn Is exhausted.
PRIV I I lov Nct, ~ a >uf3 tcit au1ai.' ~
sIch b.nGs .!Ni uo; b" ncTed rs AFORESAID. totX
hll'' thr sinking PinI to a L., HU.oHnt tian t.n
th"Ist.i IL iNT, th-I II t-r.by IL the day ~
tie Ire NNurrr:o Littri.'c IA tA"u w>I'H"f 'hc N
NV York mud pn" u, the CdpiiA -! t).s State. Tor
three moitis. MI - adErrtl--nru's -'dll state tie
tha, ,S..lk.ng tund a.d ~, nunbrr of
bri', numbering !rn III l!.' order - ti.T isstit,'.
viii, h such iuLd IL set apart IL pay and dschater
shi 4 Su'h bond. 90 LuG.b-T.d in su,h advertise.
mcht shall nJi be Prrstnird !.T payment aud cancel
lAi"n within ti,r"c months from ihe expiration Of
- publication. tl'cn Suh fund shall remain IN the
Treasury to 4 . ha.yc such bo.ds whenever prc.
s-rte,Ilut -l,.II W interest Ai;sE- such
publication. ne last Aforesaid.
S,c :. Tie Treasurer Of state s'ali Lrep full and
P-Fc1itf a.,o4,t AID rtcord q. ~. las proceedings
utui"r tS A., and ~ the bonds rel, rincd Inl
r"rJ q. and lac shall irIns'tiIt To the GoIrTntT
abstract Of all his proceedings under this Act viii
lie Aunu, rel Ort To he by the GuIrrnuT tai before
the IsE situIe aud aI book and papers prIta,ung
to the matter provided iur ia this Act shull at all
times BE- open iof tr Ins ction 81 any p,tiy inter-
tI-d, or tie GnNrrnor. ~ tl,e Attorney GrurfA, ot
tOtnmlt,e Of riJhcr branch Of the Leg turr, 1T
joint Committee 81 beth.
Sr' 9 Il shall be the duty of lhc Treasurer =" pay
the interest on sad bonds h.n the same falls ,!u
out 81 'ai Interest furd e -uihci,nt, aud i! sad
fund hr not sufficient, then t Ray the drhcirhcy "ut
Of the General fund provided, hat the Controller
ot State shan hrst draw his warrant on the Treas
payable to the order % drreASuTcr. for the
Au"Iit Of interest mnLcy AbnIt to become due,
Which sad Interest warrant shall be drawn Ht least
month previous TO tie maturing II the interest.
sIr 10. II shall be the duty III ihe G0veinnr and
Controller, while said hui d. are being IssGrd to
anime al ClA,rS civ,d y n" Treasurer l'ur-.
said. and the I" bc registered ana cancel.
ri IN suh manner act" pr"Ncnt tl.cn from being
issu-i ur pat 10 circulation.
sAI. H. The folloSinE are specified ~ the claims
Which are en;itleI to be ed and iunded unIrr
this Act;
Hr.t- CNl hnnds of the State issued under tie
fGnd'rg Acts pasA-d III te years one tLou.and eight
hunlre'l AID nay zone. one Thousand eight hutdeh
aud MY .iN". one thousand eight hundr"l and fifty
,i,e, n" thousand eight hundred Aid ffty five, and
onr I.uu,Nnd eight hundred ~ i ifIy.Sx, which
h"w outstanding Nhh interest due oh the same, when
Second -Con'Toicf' watI ants, drawn under sane.
ton q. Law for c,vii tXensss priuT to January first,
A. u. one Thousand eight hundred n 4 hf;y seven,
aud t"w outstanding and u: paid. But III" PTOvs
Ions "f tbs Act shall not authorize the funding OF
any Of those warrants the repatriation and end1rsc
ment 81 Uhich we're cancelled required n he
ceed by the provisions nf An Act to cancel the reg.
isiTuton and endorsement of certain warrants, and
prohibiting The payment "f tie sime," approved Jau.
nArtthirIIrh, A. u. one ihou> aud eight hundred ard
hhy.ux, "r warrants which have been specially nd-
judged Illegal by any Court and all sad warrants
specified IN the last mentioned Act, are hereby
prc.sly excluded from all tlIc benefits and ons
Of tins Act.
1lir1--Iust or I'gal claims against the State ac.
cru-d prior /" January FIRST, one thousand eight hun
dr,d aud hity .SVNen and which have been ur may
hc allowed and audited by Act of the Legislature.
Andif the Treasurer Of State shall wIlfully issue
bonds upon claimr not herein specified aH receivable,
1t shall be deemed n nSdr mennur aud he shall he
punished A provided IN acctior six OF this Act and
such bond shall bevcld.
sH ~ The claims specified In this Act may he re-
ctved for fnnling, and bonds therefor may b. ssGed
i to the frat day Of January, one Thousand eight
hundred and sNty.tWo, but not AftrTWaTd and all
claims no, presented for funding prior to that time
excluded fToin the pTcN is0ns Of this Act, and
such blunk bonds prepared under the provisions Of
this Act Hs shall then remain on hand shall be d,s-
rnyed. in the prcAenUe VI tie Governor, Controller
and Treasurer.
SIC H. This Act ,hA take effect an the hrst day
of January, A. d. one thou sand eight hundred and
SAty"ne. to all its provisions except those rela
ting tU aud necessary for Its submission 10 the peo.
Vlc. and for returning canvass ny and prorlaininh
the vote, which shall take effect Immediately.
sEC. H. This Act shall he submitted to the people
of the State fnT their rac Ati0n at the general
election, to be holden on the Tuesday next after the
first Monday In November, one thousand eight hum
1feH InsA NJ th.