Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-06-28
- RIGGS zou = = .
CHICAGO, EKL.
SALE OF STATE BOMBS.

FINDER THR PR0vIsIONS OF AN ACT
~ passed at the kxsa session Of the Eighth
General Assembly OF the State sf Iowa, entitled
An Act 70 provide for the issue aud sale Of
State Of Iowa, 70 enable II 70 rspsl Invasion and
defend itself in War, !" approved Nay 26th, 1861,
tho issue sad sale Of the Bonds Of the STATE u
authorised 70 N a0osnt not excseding The sam
Of Eight Hundred Yhousand Dollars. The Bends
are to be issued sad sold frOn time t. time, - in
the judgment Of the Board Of Commimioaars
created By said Act Of the majority Of said board
the wants and nsssssitiss Of the State nay ~
quirs.
The Board It their meeting held q ths Capi-
tai on the 18th Of june, 1851, have ordered the
issue and sale of Bonds 70 the amount Of Fosr
Hundred thousand Dollars. Tho Bonds thereby
authorised and for sale ere in tho sums Of $780,
90, $4,000 and 100000 sach, ct the option Of
the purchaser; signed By the Govsrnor. eountas-
signed by the Auditor and Treasurer, and sttest-
interest coupons attached, sigaed By the Auditor,
bat not attes.ed by the Great Seal Of the Stats.
And provide for the payment Of the principsl ct
the expiration of twenty years from the date
thereof, and for tho payment Of the interest semi
annually on the first days Of January and July Of
mum. Both principal and interest on ali Bonds
over one hundred dollars arc made payable st the
Metropolitan Bank, in the City Of New York !;
but the Governor may cause such payment to b.
made a. any other place in sid city by giving 10
days notice Of such place in three newspapers in
said city.
Both tho principal and interest Of al $4,000
bonds are made payable vt tho Treasury Of this
State. None Of the $4,000 bonds will be sold
out Of the State.
The Mate has irrevocably pledged its faith 70
provide adequate means to pay the interest on said
Ponds - the same becomes due, and the principal
u the expiration Of twenty years: And for this
purpose oil. OF 20 n ach as Is necessary If the
revenue arising from the entire taxable property
Of The State, mas been and IL set apart and pledg-
cp for these purposes and il 10 made by Law the
duty OF the Census Board or other proper officer
or officers which duty the law provides may, if
necessary, be enforced BY nandsmus) to levy .
tax in each year suihcient for these purposes a.
No tax, it is provided BY Law, shall ever b.
levied by tbs State n Iowa on the stock created
BY said Act, nor on the interest payable thereon
and the value Of the stock shall, In no wise, be
impaired BY the authority Of the State, bat il il
expressly provided by said Act that nothing there
in contained shall be 50 considered q to exempt
from taxation any part of the capital stock Of the
Branches Of tho State Bank Of Iowa.
The Board Of Commissioners created BY said Act
have in writing directed the undsrsigned, the
agents appointed by said Act, to negotiate said
loan and 70 sell and transfer said Bonds 70 sell sad
Bonds or any part thereof 81 pavsts sale, in this
State, ct their nominal par value, until the 18th
day Of July, A. D., 1881 at which time Ill Of
said Bonds which remain UNFOLD Ut private salo In
this State, may be sold in the City Of New York,
in the manner specified in said Act. No 500. 90
Bonds will be sold in the City Of New York bat
the Bonds there sold will be in the sum Of $500. 90
or $4,000 each, ut the option of the purchaser 70
be specified in his proposal.
The terms of the sale Of said Bonds are specie
payable in hand on the delivery of the Bonds 90
sold to the purchaser or purchasers. -
Matured Coupons on I'll Bonds Of the denomin-
alton Of one hundred dollars, are by the provis-
ions OF said Act receivable in payment Of al State
taxes. ,s.zkx
The sale of said Bonds, which il to take place
in New York City, with directions for peof ossls
therefor, ia advertised in the Daily New York
Tribune, the New York Daily Times and Daily
New York Journal Of Commerce, and in the Dsily
boston Atlas and Daily Boston Post, and in The
Daily Chicago Tribune.
Any person Wishing 70 invest in aid /" Iowa
State Stock" can do on the terms aforesaid, at
their nominal pr vslus, at the Office Of the Treas
urer Of State, At the Capital ct Desmoines, untii
and on the 8th day Of Jsly, 4. d., 1861, after
which day tho undsrsigned will proceed to New
York City to attend TO receiving proposals there
until the 18th day Of July, 1851, ss noon, and
opening ssid proposals. on July 18th, 1885, atnoon.
D.sHoINss, June Is, 1851.
JOHN w. JONES, State Treasurer,
AATURlN L. FISHER,