Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1861-02-08

p"o'S oiiSo'' \eHSoPt oihce'o VI 'ue htIny
and Navy, and wages over the sum Of FIVE
hundred dollars) from whatever source
derived or paid in this State.
Sec. 8. That the President of the Bank
of the State of South Carolina be and he
is hereby authorized and required to issue,
in the name Of the State of South Carolina
four thousand five hunderd certificates or
bonds, of the value Of fifty thousand ool-
lars, each, two thousand five hundred certifi
Gates or bonds, Of the value Of one hundred
dollars each, and four hundred certificates
or bonds, Of the value of five hundred dol
lars each, to be signed by the said President
and countcrsigned by the Cashier Of the
said Bank, bearing interest at the rate Of
seven per cent. per anaum, payable on the
first day of July of each and every year,
at the Treasury, and redcemablo thcrcat ::
that is to say, the four thousand five hun
dred certificates or bonds Of fifty dollars
each TO be redcemabie on the first day Of
July, which will be in the year of our Lord
one thousand eight hundred and sixty eight :;
the TWO thousand five hundred certificates
or bonds of one hundred dollars each, to be
redeemabie on the first day of July, which
will be in the year of our Lord one thou,
sand eight hundred and seventy, and the
four hundred certificates or bonds of five
hundred dollars each, to be redeemable on
the first day Of July, which will be in the
year of our Lord one thousand eight hun
dred and seventy two, and which said certifi-
Gates or bonds shall have suitable coupons,
to be signed by an officer appointed by
the President cf the said Bank, attached
thereto.
Sec. 9, Fiat the said certificates or
bonds, and the respective coupons thereto,
shall be received at the Treasury Of the said
State, as the same shall respectively be-
come payable, in payment of taxes and
other debus due to the State Of South Caro-
lima.
SEC, IL. That in case there shall be re-
quired for military contingencies larger
sum of money than shall be raised by the
taxes herein provided for, and the issuing of
the Treasury notes also provided for, it
shall and may be lawful, upon the request
Of the Governor Of the State. for the Presi.
dent Of the Bank of the State of South
Carolina to issue and put in circulation
notes or certificates in the form hereinafter
prescribed, Of such denominations, not les.
than one dollar, as the said President NAV
think proper; which said notes or certificates
shall he receivable in payment of taxes and
other dues 10 tie States for the sums there.
in expressed; Prorided, that the whole
amount Of such notes or certificates shall
not exceed the sum of three hundred thou
sand dollars; and the said notes or certi6-
Gates shall be in the following form, viz
This note or certificate shall he received
in payment Of taxes and other dues TO the
State for-dollars, and shall be signed
by the President and Cashier of the sale
bank, or such other person or persons as
the said Preident and Directors may ap-
point for that purpose; and it shall be law
ful for any banks in this State to pay or de
liver out and circulate the notes or certii-
Gates issued in pursuance of this Act Tha
the President of the Bank Of the State O
South Carolina shall pay the drafts Of the
Governor, countersigned by the member o
the Executive Council charged with th'
Treasury Department, for any amount no
such notes or certificates issued and put in
circulation by the said bank. T hat tht
twenty first section of an Act, entitled al
Act to raise supplies for the year commen
cling October one thousand eight hundred
and twenty-thrce, ratified on the twentieth
day of December, one thousand eight hun
dred and twenty three be re-enacted ane
hencefOrth declared of force in the word
following, That is 10 say: That the Trea
surers Of the State shall be required here
after not to receive any tax returns whicl
shall not be made in strict conformity t,
the instructions ofthe Comptroller General
That the Treasurers ofthis State be instruc
ted to. receive, in payment of taxes til
bills and notes OF all the banks of this Stat
unless, in the opinion Of the Conptrolle
General, it shall become unsafe to receiv
the bills or notes Of one or more of sucl
banks. in which case he shall be author
lied TO issue instructions to the Tax Collec
tors to refuse the notes Of such. bank o
banks
A young blood from Suckerdom, wish.
ing to get q chance to sell a young lad
what he thought Of her; Jonned his bes
looks and addressed her in this wise:
Miss, can have the exquisite pleasur
of rolling the wheel of conversation aroun