East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1861-05-16

felony, or breach of peace, shall be priyi-
legged from arrest and imprisonment from
the time of their being mustered into
service to the time of their discharge
from such service, and during the same
time their separate property shall be ex-
empt from process by way of attachment
or execution; and in case any such yolun;
teer shall hold any lands purchased OF
the State, belonging to any of the trust
funds Of the State, or otherwise, he shall
forfeit no right, nor shall his rights be in
any way affected by reason of any failure
to pay installments of principal or inter
est due upon said lands, for the purchase
money agreed to be paid therefor, during
the same period, provided the said an
stallments shall be paid within one year
after his discharge from said service, and
no settler upon State swamp lands shall
lose or forfeit any rights by reason OF
having been mustered into service accord
ing to the provisions Of this act.
The bill to authorize loan for war
purposes is as follows:
A BILL authorizing a war loan.
Whereas, Our country has reached a
crisis Unprecedented in its past history,
and treason and civil war are raging with
in it's borders; Ind Whsreas, attempts
arc made in large sections of the country
to break up and destroy the government,
aud il has become necessary for the sew
eral States to look to their own safety as
the dofeuse and perpetuity Of the Union
aud Government OF the Nation, there
! fore
Sec. 1. The people Of the State of Niehi-
gan enact, That the Governor and State
Treasurer be and they are hereby author
lied and directed, in the name and behalf
Of the people Of the State, for the purpose
Of organizing the volunteer militia, re-
polling invasion, stppressing Instruction,
or defending the State in war, to negoti-
ate and contract for loan or loans, for
the purposes herein specified, nat ereeed
ina one million dollars IN all, on the
most favorable terms that in their iudg.
ment can be obtained, redecmable at the
pleasure Of the State, Mt any time within
or at the expiration Of ticenfy fce gears
from the fret Of Janaary, 1861, at rate OF
interest not exceeding seven per cehtnm
per annum, payable seml-annuaIly, on the
first day OF January ana July III eaeh
year Such loan shall known as the War
Loan of the State of Michigan, and tho
bonds issued under this act shall be ex-
cmpt from taxation. Inc proceeds OF
said bonds shall be knowa as the War
FUND, ami shall be paid ont lot no o i,H
purpose than m TINS act spccilied' Inc
treasurer thereby anth"f'|ed 10 advance
an anoat rom sal" iol"i as may DC
necessary iog the p'ymen, OF tne '''e'vS'
~ ~ -, ~ - - 80; -. ,,n.l s,ot
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So ''''', III ~, - I"on .ol,ro,aJ o"J
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SEC. :. tor the purpose OF thcc'ihe
ne loan or ioaaS 6y ms act a"'Hor'%eu
'ae Governor ana o'a'c NIeaSuIct "''
chPo"eIcI an" "'reCtcu' - CAUSE 70 DC j.
sued oil the state 81 M'cnlGan' IN suns
not less tAal MY 'o''arS ehch, 10 DC sign
ca " inc Governor, ana cou"'c,siHne'
~ tue Sce'c'I'y o' 3'@'' anu 9 :,
iIcaa0'cI, WIN 'Ae Se"' VI ",n'c "uiNe'
lhereto' ana WIN coupons =, Io' ''ie '''V'eo
to be signed oy the STATE 'easufer 'hcI
to attached Doth prihcipai ana W'ereS
OF all bonds Tor less sun thah iiVe lnh
dred dollars each; shaA oe Payao'e ID 'n
city OF Detroit. he pHncIpai ana inter
est OF all bonds Tor the sum oil hVe nun
dred dollars ana over, Sha,i DE 9aySo'1 y
the city oil New ofk' ne oohoS s''a'
be drawn IN iaVor OF the AUDITOR "eher"I
ana wnen endorsed ny hl'n' become "eeo
table Ia sqch manner as inc "oVefho
ana state treasurer may ueem proper
SEC. 3. All moneys arising from th
sale Of the bonds by this act authorize
= to be issued, shall be paid into the Treas
: ury of the State, to the credit of the wa
fund, and shall be drawn thereirom upo
: the warrants Of the Auditor General
: which warrants may be issued upon prop
: er vouchers of the paymaster or Quarter
!, master General of the volunteer mllitI
p OF the state, certinea ny .he NoVetho'
;. Tor the purchase ana distribution OF a
4 necessary mliitary Stores "He'ne' Vi gu,
i s'stehce' ciotn'ng' pay medicines Hei
h ana camp eqnippaSe' arms munitions au
! equipments, Tor such cOnpanys OF Tic No