The semi-weekly mountain Democrat., 1860-09-26
ray AuTHoarTYJ

peOne the Stale Cnltofnt1s fotgt8Iutt9 u
Senate and Assembly, do enact a. taiIsWs;
sscrrox I. For the purpose Of lIquldatas. t..dlaG
and paying the claims against Tie ssate g Callsf:
mia hereinafter specified, the Treasurer 81 bleee sha
to brprepared suitable bonds o. ths Dlals 81
SEI 70 S:.sSa Ss ] 3. S ss =
seven per cenIum per annam from The deis o. eher
issue, payable at the once Of the BATE Treasurer,
on the nr.t day Of July, one sho..and e.llt 20.
dred and eighty The interea aeeFuing sgd eooAe
shall be due and payahse aAthe eoes ~ tbs fEeans:
or ofState on the ArA day Of January ssa yuly Of
each year; provided. that the arn Hsyns.e g Ia
one thousand eight hundred and Slxty%Wo. ~
bonds shall be signed By The 0ovoTneT, ae1 cOaa.
tersgned BY the COpIOlleP and endorsed b. 1Ao
Treasurer OF State, and shAl have The seAl u ne
State affixed thereto.
Sac y Coupons, for the interest," shal be attached
10 each bond 90 that they may be removed uithout
Secutvey numbered shall hs signed b. Tie fFsAsuTsS
SIC. ). 1t shall be the duty Of the Treasurer and
Controller OF state, each % keep separate record
Der, date and amount Of each bond, ana to whom
the same vas Issued, and upou what eaAim. and hs
amount and none Of the claims herein speeinsd Sha
be llquidAted OF paid but lnths manner herein pro-
vided.
Snc. 4. The sE Of enc tAousand AOlIaFs y hereby
appropriated, out Of any money In the IteaeaIy not
otherwise appropriated TO pay the expense thst may
be incurred By the Treasurer In having said bonds
prepared, but the Controller shall DOT draw HE war.
u NJ on the Treasury for this amount unt1 mere 70
money therein TO pay the same
SIC. o. All perSens having any otthe claLns against
the State Of California entitled to be funded % here.
lnaer specified shall, upon the pFesentetton Of the
same to the Treasurer Of State, receive IN eGeange
therefor bond bonds Of the etats Of California;
provided for In the drst section Of uba Act, but no
bond shall be issued for less sum than I've hun.
dred dollars, nor for fractional paris ef A~edred
dollars, but the Treasurer may Issue certificates Of
such fractional Farts not bonded, which aAA ooT10.
cate shall be transferable and entitled 70 b. eaDded
before provided. The Treasurer shall endorse on
the hack OF each claim so received ana sbqudAsfd,
the date on which he received the same, end eom
whom, and the number Of The bond Issued - "a.
change therefor and such claim shall be dled IL the
Office 0f the Secretary OF State.
SgC O. For the payment wihlIn twenty yoars q ne
principal and interest Of the bonds Saned nder khls
Act, there shall be levied annually until the bonds
are paid, and promptly collected In The sane manncf
is or may be provided by law for ordinary State
taxes tax Of and quarter cents on Aaeh 0ne
hundred dollars OF the assessed value Of real ana
personal property in the State; and the fund derived
from this shall be set apart and 0pplled eEda6ves
y to the payment Of the interest the bonds here"
In provided, and the final redemption OF the FEin-
cipal of said bonds, and the th Of fc STATE q Cd"
lfornla IL hereby pledged for the payment, - 1aaA
provided, Of the bonds issued by virtue Of h1 Ace.
and the interest thereon and all moneys that may
be- received by The State O California from ne Oae:
ted States Government on account Of the CIVu
Fund.-" 10 called, Arc hereby irTevocaby Faedged -
the payment Of the principal and Interest," an Aho
bonds issued under this Act. Wlllful refusal ~
SuDcfVNOTN,
w or collect the taxes imposed BY THE Aot, 49,
be q misdeneRAor, ana the person OF peTeons 0onr
victed thereof shall be removed from once, and RAns
ished by anc not exceeding one !houSand doaaEe.
six months, or BY both such nne and imQrlsAAmanf1
Src. Z. Whenever, on the first day Of February Or
Aug, In anyyeNr, there remains, amer lhe RAgmeAe
o. the interest, herelnbefoEe provided - surplus
Of ten thousand dollars or more, II shan - ne duty
Of tho Treasurer TO advertise for the spaee Of eve
week In one daily newspaper. puhll1hsd 10 &n9AA.
In the city Of New York. and Tor one month In one
daily newspaper, published in English, q ne Ssate
Capital, for sealed proposals. to be Openea one uou
Ater the expiration Of such publicatsons, ~ Ahs
at the State Capital for me surrender Cf bonds aS-
sued under this Act which advertisement shall state
the amount Of nancy ne has hand for the p1FpOso
Of redemption; and they thn accept ne IoHsse 30
posals at rates not exceeding par xalae, - mAvFs.
deem the greatest amount OF bonds until the amount
Of cash ON hand for the redemption is exhausted
/ provided, however, In case sumctent ameene 0s
such bonds shalt not be offered, N aforesaid, teak
| haust the Sinking Fund TO less amount 4han ten
thousand dollars, then IL hereby made TIE duty Of
the Treasurer to advertise In two newspapers, ,one Aa
New York and one at the Capital Of this STATE for
three months which Advertisements shall Stats Khe
amount In the Sinking Fund and the number -
bonds, numbering them In the order Of their i1nance,
which such fund Ia set apart 20 Tay and disehATge
l and IL such bonds % numbered On SuaA aAuosEss.
ment shall not be presented for payment and cAMce.
lAtion within three months from the expaFason ol
such publication, then such fund shalt realaln IN the
/
aented, but they shall draw no uteress amer such
| publication. a. last Aforesaid.
Sac. s. The Treasurer Of State shA1 hep 6all and
particular account and record O1 al hs pFooeeaInel
under this Act. and OF the bonds redeelea end InF
rendered, and he shAh tranEntt 70 the.eOSon8@ e.
abstract Of all hs proceedings under this Act, GtiA
his annual report to be by the Governor laid beors
the Legislature; and all books and papeFepeENaBinE
to the matter provided for In this ACT %all % a
times be open for the inspection Of any paFV iltaT
estcd, the Governor, or the Attorney 9enerdL -
i a Gommilfee Of either branch Offho ka9teln
Joint Committee OF both.
sDC. Q. II shall be theuutyof the Tssasarsr.tsPAv
out Of ssid Interest FUND.- il safciens and 4 SaiS
fund be not su9 cent than y pav Shee6Aeseng -
Of the General Fund.- provided, that the CoatFolleI
OF State shall hrst draw his warrant on the yseaS.
urer, payable to the order ef sanTTeaswes, foe ~
amount Of interest money about 70 become daa,
which said interest warrant ahG be drswn ut 1easl
month previous TO the maturing Of the Interest
SIC ~. 1t ehSil be the duty Of the 60SeS1or 80
Controller, while said bonds are being tssued, ,Ao ex-
anime an claims received BY the Treasurer ~ aSsSe
said and cause the same to bereNStereA and eanest
cd In such manner as to prevent them leom oolng -
issued or ru1 In circulation.
src. H. The following are specified - ase .elalml
which arc entitled to be received anA funded unAss
this Act:
First-Ctvil bonds of the State Issued under M
funding Acts passed in the years 0ue thousandeigl
hundFed and 0hy.one, one thousand eight ,hunARo1
and ntsy.tw one thousand eight HUNDRED and ufy:
| one thousand eight hundred and 0nyslx, ,Wfa6h aEs
now outstanding, with interest due onths came, ,hea
| presented, as appcarsby the coupons.
Second-Controller's warrants, dTaWnNnHorSaUe.
ton Of law, for civil expenses prinr'to JanuAFyeEs
\. D. one thousand eight hunsTed and inNy Ssvea,
and now outstanding and unpaid. hut the IpVOgla.
IONS Of this Act shall not authorse ehe eanAng q
any Of those warrants the registration ana endorse
ment Of which Cancelled required 70 Ne can.
celed by the provisions Of" An Act 10 caneehea ~
is,ratnn and endorsement Of certain warrants, and
prohibiting the payment Of the same, approved JAu.
uarythrtieth, AID. one thousand eight huaoRe0 an
hhy.six, or warrants which haxe been specially 3D.
| judged IegalAy any Courts Snu dll said WaFTAntI
specihed In the last mentioned Act are heFeoy ex.
presaly excluded irom all the b0noats aAPSOvouI
| Of this Act.
Third-Just or legal claims agAluos tie Sau.e %.
crued prior to January rst, one thousau dghe Amn-
drcd and nftyseN IN, and which have Aoan q mas
be allowed and audited BY Act Of the Legislature.
And u the Treasurer Of esAte thdA Wt,fdlv SeseG
bonds upon elaine not herein apeeined as.fooe1SAAa
II shall he deemed mlsdcmeanor, and be shAll BE-
punished as provided In nSecttUn slK ofHaks Act AnA
| suOh bond shail NevOid
SIC, ~. The claims specified iRthIs Act maybe 20.
celvcd for funding, and bonds therefor usy be lgo
prior TO the frS day Of January, one theusaSd eig
hundred and siKty-two, but not Afterwards AnA q
claims not presented for funding prior to that til
arc excluded from the provisI0ns'uf ets Act, aod
such blank bonds prepared under theHproS1stons q
this Act us shall then remain on hand shall Be de
iroyed In the presence OF tie 0cveneE, CsutPdlsl
| and Treasurer.
Sac. lB. This Act shaIl take eject on tls arSt do
4 Of January, A. u. one thousand eight hundred ana
sxty.onc, astO al Its provisions except those Fela
ting to and necessary for lie au6mlsson 70 tAe 20
ple and Tor returning, canvass ng and proclAlmins
| the vote, which shall take effect Immediately.
SEC. IL This Act shall be submitted 70 tho peOps,
Of the State fer " cir Al the next Hen0sa
election, 70 be holden the Cucedgg next ateH ~
| fret Monday In November, one thousand eight hun
| dred and sixty; and the qualified 0sectove ol =,
State SHALL at said election on their balloes for Stat
4 fnR hARS ~