Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-07-02
SALE OF STATE BOMBS.

NDER THE PROVISIONS OF AN ACT
- passed at the Extra Session Of tho Ell
"sne.ai Assembly of the State Of Iowa. ent; ,Isd
AL " provide Tor the issue and sale ~
S.a.c oonds to procure loan OF money for tho
H.ate Of Iowa, to enable it to repeI invasion ana
~ Itself IN War" approved May lsth 1861
sno issue anu sale OF the Bonds Of the State e
~ E;t., 10 an amount not exceeding the sum
- Iignt hundred Thousand Dollars. The R,,nd.
~ y ~ ISSUED and sold from time to time az IN
cra.,J Jdusment 81 the Board of Commissioners
created by said Act or the majority of said Hoard
quire. J -
Inc board at their meeting held at the Cant
;ai On .he 10Th OF June, 1851, have ordered the
nsue ana SAFE OF bonds to the amount of -Four
l1unufed thousand Dollars. The Bonds thereby
authorized AMI for sale are in the sum. NJ SIM
w, Sooo oc and $1,000 90 each, at the option If
.ne purchaser; signed by tho Governor counter
signed by the Auditor ana Treasurer. And attest
ca ny the Treat Seal Ct the State Of Iowa, with
..eies. coupons attached, signed by the Auditor
Dus not attes.ed BY the Great Seal of the State.
ana provide for the payment or the PRINCIPAL al
.ne expiration OF twenty years from the date
.hcfeot ana Tor the payment Of the interest semi
annually on the first days Of January and july OF
each year, at the rate OF Seven per cent. Der an
nun. Both principal and interest on ali Bonds
oser one hundred dollars are made pay able at the
metropolitan Bank, in the City Of New York !;
out the Governor may cause such payment to be
maze at any other place in said city by giving 30
days notice OF such place in three newspapers in
said city.
Both the principa and interest Of all 400 90
oohas are made payable at the Treasury of this
State. None of the $4,000 bonds will be sold
out Of the state. 49,
Inc state has irrevocably pledged its faith to
p1o'ide adequate means to pay the interest on said
HonuS as the same becomes due, and the principal
AZ the expiration Of twenty years. And for this
III. nQ ia &C.
revenue arising from the entire taxable pronertv
VI .he state, ias been and is ct apart and pledv-
ep Tor these purposes and il is made by law the
DUTY OF the Census Board other proper officer
OF oiicers which duty the law provi res may, if
necessary, bc enforced by mandamns) to lew a
tax IN each year sufficient for these purposes af-
ter payment of all expenses Of collection
No tax, 1t is provided by law shall ever be
levied by the State of Iowa ON the stock created
by said Act, on the interest payable thereon
ana the value OF the stock shall, in no wise, be
impaired by the authority of the State, but it is
expressly provided by said Act that nothing there
IN contained shall be 50 considered as to exempt
from taxation any part Of the capital stock Of the
branches OF the State Bank Of Iowa.
The Board oil Commits siouers ere ited by said Act
have in writing directed the Undersigned the
agents appointed by said Act, to negotiate said
lean and TO sell and said Bonds to sell SAID
Bonds or any part thereof at private sale in this
State, at their nominal par value, until the 18th
day VI jay, A. ~, 10 Il at which time all OF
said Bonds which remain nseld at private sale in
this state, may be sold in the City of New York.
in the manner specified in SAID Act. No 500 90
Donde will be sold in the City of New York but
the Bonds there sold will be in the sum of $500 90
or Siuuoo ua0h, 40 tho option Of tho purchaser to
be specified in his proposal.
The terms OF the sale Of said Bonds are specie
payable in hand on the delivery of the Bonds SO
sold to the purchaser purchasers.
Matured Coupons all Bonds OF the denomin-
alton OF one hundred dollars, are by the proyis-
ions OF said Act receivable in payment Of ali State
taxes.
The sale Of said Bonds, which is to take place
in New York City, with directions for prot osals
therefor, Is advertised in the Daily New York
Tribune, the New York Daily Times and Daily
New York Journal Of Commerce, and in the Daily
Boston Atlas and Daily Boston Post, and in the
Daily Chicago Tribune
Any person wishing to invest in said Iowa
State Stock" can do on the terms aforesaid at
their nominal par value, at the Office of the Treas
urer of state, at the Capital, at Desmones, until
and on the oth day OF July, A. d., 1861, after
which day the undersigned will proceed to New
iork City to attend to receiving proposals there
until the 18th day of July, 1851. at noon and
opening said proposals on July 18th, 1861 ut noon
DEsMoINEs, June Is, 1861.
JOHN w. JONES State Treasurer,
uATURIN L. FISHER,
Loan Agent.