The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1861-06-26
n OrsCE.

L NOIBGEs
FINDER THE PROVISIONS OF AN ACT,
~ passed ut tho Extra Session of the Eighth Ten
eral Asrembly Of the State VI Iowa, entitled, IAN
Act 10 provide for the issue and sae Of etate Bonds
10 pf0curc loan Of money Tor the State OF Iowa,
10 spAbs it to repel invasion and defend itsen In
WI, approved Msy 18th, 1851, The issuS andsais
IL the Bonds Of tho State u authorized to IN
Amosnt not exceeding the sum Of Eight Hundred
Thousand Dollars. The bonds are TO be issued ART
sold from time to time, ~ In the Judgment OF tho
Board Of Commissioners created BY said Act or the
majority OF said Board the wants and necessities 81
the State may require.
Sas-SusFrsJ TnucrTrS nrru 1t rHc CHrrrHr
on the 18th Of June, 1861, have ordered the issue
and sale Of Bonds to the amount OF -Four Hundred
Thousand Dollars.
The Bonds thereby authorised and for sale, are
in sums Of 4I0o.00, 3500.eo, and $1,000 90 each Of
the optionsof the purchaser, signed by the Cover
nor, countelsigned by the Auditor and Treasurer,
and attesied by the Great OF the State 81 Iowa
with int crest coupons attached signed BY the An
ditor, but not atsssied BY the Great Seal of the
state, and provide for the yment Of the princi-
pal IT. the expiration of twenty years ffom the
date thereof and for the payment q interest semi
annually, on the let days Of January and July OF
each year. at the rate Of seven per cent Per
10th principal and interest on all Bonds over One
Hundred Dollars are made payable IT the Metro
politan Bank in the Hty Of New York. But the
Governor may cause suCh payment to b made ut
any othsy place in said city, BY giving thirty days
sd city.
Both the principal and interest Of all 500 90
Bonds are made payable ct the Treasury OF this
State. None Of the $1,000 Bonds will be sold out
OF this State.
The state has nrevocably pledged its faith to
provide adeq means TO pay the interest on said
boncs ~ the same become due, and the princips
~ ihs expiration of twenty yeassr asd. 4sH this
purpose all, or SO much necessary OF the rev
enua arising from the entire taxsble property If
a. Get hau taep 4 a "A ii led tg
fol these purposes and ii 10 made BY Law the duty
OF the Census Board, other proper of6cer or Of
fcers (which duty the law provides may, II nsces-
sary b, enforced by mandamusl, to levy tax
in each year sufficient for these purposes, after
I ay ment Of all 81 penses OF collection.
No axes It's provided by Law, shall ever be levied
by the state Of Iowa the stock created by sAid
Acr, nor on the interest payable thereon. And the
value Of the stock shall In no wise be impaired By
the authority Of the Late. But II 10 expressly
prov ID ~ said act that nothing therein contain
cd shall be 90 construed ~ to exempt from taxa
ton any part Of the capital stock OF the Branches
of the Stale Bank OF l1wa.
The Board OF Commissioners created by said Ac,
have in writing directed the undersigned, ths
agents appointed by said Act, 10 negotiate said
loan and to sell and transfer said Bon DIS To sell
said Bonds or any part thereon ~ private sAis IN
this State, 1T their nominal par value, until thu
18th day OF July, A. d. 1861, It which time all q
said Bonds which remain unsold at private sale il
this Sts.e ~ be sold in the City Il New York in
the manner specified in said act. No 500 ,0t
Bonds will 10 sold In New York City, but ,h,
Bonds there sold will be in The SUN OF $4,000 Of
$1,000 90 ssch at the option Of the purchaser to b.
apeci6 cd in his proposal.
The terms Of the sales Of said Bonds are specie
pay bic 10 hand the delivery Of the Bonds u
sold to the purchaser Purchasers. Matured cou
pons on ali Bands of the denomination Of On,
Hundred Dollars are. BY The provisions Of said Ac
rccei vable ia pay ment If all state 1sxes.
The sale Of said Bonds, which 10 TO take plsc.
in New York City, with directions for prop SCI
therefor, Il advertised in the DAILY New York 1r
bunc the New York Daily Times. and Daily Nes
York Journal OF Commerce, and in the Daily Bos
ton Atlas. and raily Boston Post, and in the Daii,
Chi:sgo Tribune.
Any person wishing 70 invest in said "Iewa
State Stocks" cfn do the terms aforesaid, u
their nominal par vaiae, 1t the ONCE Of the frsa
surcr Of State, 1t the apito II Des Moines, until
and on the eighth day Of Jnly,A. D 1861, Alt.
which day tie undersigned viii prooeed 10 Nev
York City to attend to receiving proposals there
until the 18Th aay OF July, A. u 1861, ut moon
ard opening said proposals on july 18th, 1861, a
nom.
JOHN w. JONES, Stite Trsnurer, Loan
MATUKiN L.FISHEk, Agents
Des Moines, June 18th, 1861.