New Oregon plaindealer. (New Oregon, Iowa) 1859-1866, 1861-06-28


time to time, only so many of the Bonds here
| by authorized, as in their Judgment, the
wants and necessities of the State may re-
quire, and all moneys or funds arising from
such sale or sales, shall be paid into the
Treasury ofthe State and shall be kept there
as separate fund, and the same shall not
| be subject to the ordinary or general war
rants of the Auditor Of State, but only war
rants issued for debts created for objects
coming within the meaning and puryiew Of
section Of this act. Said fund shall be
known as the ''War and Defense Fund.- The
Bonds shall be called the "Iowa State Stocks
Any vacancy in the Board of Commissioners
authorized in this section, arising from
death, resignation, or otherwise, shall be I'LL
ed by the Governor.
Sec. The Treasurer of State and Matu-
rim l.. Fisher of Clayton county, be and they
are hereby declared to be agents of this State,
With full power to negotiate said loan, to
sell and transfer the said Bonds, and to do
all things necessary in the premises; and said
agents shall make a full report under oath all
their doings in thepremses to the Gov'r. who
shall communicate the same to the Legisa-
,ure at the next session thereafter, and in the
case of a vacancy occurring in said Board of
Agents, by reason of death, resi- gnation' or
otherwise, the Governor shall have power to
fill the vacarcy thus created.
Sect. Before the said agents are entruNt-
ed with any Of the said Bonds, they shall give
bond with sureties in the penal sum Of at
least twice the amount of Bonds delivered to
moneys received by them from the sale.
thereof, and for the faithful periornanc OF
heir duties, which bond shall be approved
5v the Governor, Auditor aud Secretary OF
State and flied with the Auditor of State,
who is directed to re,)rl the same in his
office
In case more than one sale is made, simi
ar Bonds may be rellirel Of tho Governor.
And the loss said Bonds or money by
robbery or otherwise, shall be no defense t.
an action on the said Bond. Bat the bond
of the agents shall stand discharged if they
obey the directions herein given, and pay
into the State Treasury, a5 prescribed by this
act all moneys received by them from the
sale or Sales of said Bonds, and deposit &C
cocoin- to the provisions Of this act any
Bonds not sold in the Treasury Of the State.
ANY bonds delivered TO the agents, ard not
sod by them Is herein directed, shall b.
delivered by the said agents to the Treas rsr
Of State, who shall! keep the same in his office
until called for by the Governor for sale and
W
his duty, the Treasurer aud his suretes shah
be liable on his Official bonds, the amount Of
wbic. bonds shall be increased, or additional
bonds given from time to time as may be re.
CURED by The Governor, as now provided by
law and it is enjoined upon the Governor,
as special duty that he shall alway;s see
that good and sufficient bond or bonds are
aiken from the Treasurer to secure in any
event the safe kicking Of all moneys coming
nto the hands of the treasurer.
Sec. 8. All sales of Bonds made in pursu-
ance of this act, shall be for specie, payable
in hand on delivery Of the Bonds so sold to
| the purchaser or purchasers.
Sec 0 As compensation for the risk as
sumed and services to be performed, the SAID
agents shall be allowed their actual and nee
essary expenses, and in addition, such an
amount, not to exceed, however, one lourth
of one per cent on the amonnt soid ana paia
into the State Treasury, as the Governor,
Auditor and Secretary Of State may deem
proper and light, to be paid alter the render
| inc of said service and the mourning OF said
expense out of the War and Defense Fund.
Sec. 10. Matured coupons on all Bonds,
| of the denomination OF One Hundred Dollars,
shall be receivable in payment On all State
| taxes.
Sec. II. Ifsuch course is deemed advi-
sable by the Commissioners appointed in sec
ton of this act, the agents may on the
written direction of the said Commissioners
or majority of them sell at private sale the
said bonds or any part thereof, in this State
at their nominal par value, but in no instance
for less, except as hereinafter provided Amy
colo of tho said Ronds in the City OF New