The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1861-07-15

| FINDER THE PROVISIONS OF AN ACT
T., passed 1t the Extra Session Of the Eighth q en-
eral Assembly Of the State II Iowa. entitled, IAN
Act to provide for thn Issue and Of state Bonds
70 procure . loan Of money for The State Of II VA
to enabie II TO repel invascn and defend Itself In
war" approved Nay 1sth, 1851, the Issue and sale
| OF tho Bonds Of the State In authorized TO On
amour. not exceeding the sum Of Eight Hundred
Thousand Dallars. The bonds are TO be issued md
sold from time to tune, ma Ia the judgment of the
Board 81 Commissioners Great d by said Act IF the
mrio@y of said Baard, the wants and necessities al
The Board, ut tEeir meeting held at the CT pital
the 18th Of june, 1861, haye ordered the issue
and sale Of Bonds TO the amtunt OF -Four Hundred
Thousand Dollars.
The Bends thereby suts ofised end for sale, are
in sums Of 500 90, $500 60, and $1,000 20 ear b. At
the option Of the purchaser, s.gn,d By the Cover
nor, eounteyrigntd by the Auditor and Treasurer,
and sttesssd by the Great Seal u the State u Iowa.
with interest coupons attached, signed by the Au-
fitor, but not sttested by tho Treat Seal OF the
State, and PROVE for the payment Of the prins-
pal at.the expiration OF twenty years from the
date her cot and for the ment Of interest semi
annually, On the IT days Of January and july OF
each year, tho rate Of per cent per annuin
roth pfiLci pal and interest on ali Bonds over One
Hundred Dollar are made payable At the Metro
politan Bank in the City Of New York. But be
Governor may cause such payment to be made at
any They place Ia said city, by giving thirty lays
public notice of such place in three newspapers IN
said city.
Both the principal and interest Of all 500 90
Bonds a:e made JDyabte ut the Treasury III ttis
State None Of the $1,000 Bonds will be cold out
OF thIy Stxtce
The state has isrevocsbiy pledged lite faith to
provide adequate means to pay the interest on said
Boads as the same become due, and the prime y Al
at the expiration Of twenty years, ana. TOR thu
purpose, all, much ~ il necesssry OF the rev.
snue arising from the entire taxatle property If
the State, has been and y set spart and pledged
fpl these purposes; and II If made by lsw the duty
Of the Census Board, other proper chicsr Oh Of
hcefs (which duty the inv provides may, III ntces-
sary be enforced by mandamus), to levy q tar
in each year SUFFICIENT for these purrcses, after
pay ment Of all "a penres OF collection.
No .axes provided by law, shall ever be levied
by the State II Iowa on the stock created by ga d
Act, nor the interest payable thereon. And the
value of the stock sha II In no wise be mpalre by
the aut hortty of the tate. But IL ie expressly
provided y said act that nothing therein contain
cd shall be 80 construed .s Ia exempt fren taxa
lion any part OF the piai stuck VI the Brane hes
IF the state Bank of Iowa.
The Board of Conrissioners created by said Act
have in writing directed the Undersigned, The
agents appointed BY said Act, 10 negotiate said
lean and to sell and transfer said Bords Il sell
said Dor de or any part thereof at private sais In
this State, nj their nominal par value, until the
18th day OF July, A. D. 1851, At which time ali Of
50 Bo1 DIS which remain unsol ut private sale La
this State; may be sid in the City # New York in
the manner rpecihed in said act. No 500 90
BINDS ~ili he sold in New York City, but the
Bonds there sold will be in he sum of $500 90 OF
xi0u0 90 each at thu option OF the purchaser to be
specs ned IN his proposal.
The ter ms Of the salts Of said Bonds are specir
payable in hand ON the delivery Vi The Bonus 80
sold TO the purchaser or purchasers. Matured ecu
pons On all Baads OF the denomination Of One
Hundred Dollars are. by the provisions Of said Act
receivable in pay ment If all state Taxes.
Ihe sale of SAID Bonds, which IL 10 take pl ace
.n New York City, with directions for proposals
-tgrTf1r, r zuvurrrru IN r1r tzTty Ngw fUrE TTI-
buns the New York Daily Times. and Daily Ner
York Journal Il Commerce, and in the Daily Pos
ton Atiss and Iaily Boston Post, and in the Daily
Chicago Tribune.
Any person wishing to invest in said sIcwa
State Stocks, IN do go on the terms aforesaid at
their nominal par value, at the Office of the Urea
Of state, al he Ca toi, AT Des Moines until
and on the eighth day of July, A. ID 1851, after
which day tie undersigned wl,l proceed u Ne~
YORK City to attend to ceiviug proposals there,
until the 18Th cay cf July, A. ID. 1861, at noon,
aid opening said proposals On July 18th, 1861, at
JOHN ". JONES, State Treasurer, Loan
MAftkiN L.FtsHEk, Agents.
Des Muines, ule 18th, 1861.