Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1861-12-25

| I'd aR SULlNERSEt0N.kbALLA CONHDC
Rask Tgt s s sTaT aasinn.b.d
u thecoafhgs and' layaity-of the officers add so
dierS Who after long and severe Lombardmsnt
were compelled to surrender to an overwheimin
force, the inadequate dcfences at Hatteras on tn
twenty-ninth of August last and that they deserv
-uur stifants fos tiieT gallant conduct
Read and ratified, in open Convention the thirC
1881 1S1E}ff D oss HI 1Sql' u. N bwaRbsd
Pres. ofConyentien
! JAMES II. MOORE, Prin. Sec'y
L. Y. EDYARDS, assistant -See,y. vasqaos |
tt=ris77H .,sspS =, ;r--,,.,a- = 'e7s ,---'ys
TNnalfI1 H. tpro-< aa,afts5
AN ORDINANCET6 PROVIDE F0R.THE RAILS
ING-OF MONEY FOR THE SUPPORT OF
. GOVERNMENT, AND FOR THE ISSUE OF
~ TREASURY NOTES .F0RyTfE PURPOSE OF
PAYING THE PUBLIC DEBT, AND PUR
+ - CHASING. SUPPLIES FOR THE. MILITARY
II FORCES EMPLOYED FOR GEFENCE IN THE
s,il PRESENT WAR; AMP FOR OTHER PQR
P0SESsaar t7,tai3 ..sl.t rsTizD 'arr7'1.:t
!. Be it orQaiped by the Dslegase, Of tic people
of North CrO{iia in Gossshtion assembled, and ii
as hereby O'dajHed by Tie authority Of tho same,
That the Public Treasurer is authorized to issue
Treasury notes Tor such sums not exceeding at any
one time three millions ofdolars as the exigencios
OF the public service may require, before the
first day o! january, 1863, and the said notes shall
be prepared and signed, and Issued as hereinafter
provided. ~ f--7-'" -..-.- .'.-
3. BE it J'urther ordained, That the Public Trea-
surer cause the said notes to be prepared and that
they shall be signed by the Pubic Treasurer, on
behalf Of the State and couRtersigned, by the
Comptroller; and each Of those officers shall keep
IN proper books, separate and accurate accounts
showing the number, date and amount of each of
The SAID notes signed and countersigned by them
respectively, and, also accounts showing all such of
said notes us may be paid or redeemed IN cancc
Ell, from time to tine and the said Treasurer shall
account monthly for all such of said notes as shall
have been countersig1cd by the Comptroller, and
delivered to the Treasurer for issue. ...f-: .
3. BE IL further OrdaiHed That the said Trea-
sury notes shall be payable at the public Treasury
to the bearer on the first day of January 1860,
and bear interest from date at the rate of six per
cent per aGnuIa, for every hundred dollars and in
that proportion for sums greater or less than one
hundred dollars; and the said notes shall be of the
several denominations of five dollars ten dollars
twenty dollars fifty dollars one hundred dollars
and two hundred dollars; and in the following pro.
PORTIONS. that rs to say notes for five dollars ten
dollars and twenty dollars, the amount Of four
hundred thousand dollars of each denomination
shall be issued; and notes for fifty dollars The
amount OF eight hundred thousand dollars, and
those Tor one hundred dollars and for two hundred
dollars to the amount Of five hundred thousand
dollars CT each denomination; and in the course of
the Issuing Of said notes. from time to time the
SAID relative proportions shall be observed near
may be- ..r
K. BE 10 JHFther ordained, That the principal
money and thc interest due on the said notes shall
be paid at the maturity thereof TO the several law
fui holders thereof upon presentment ut the lrea-
sury, out OF any honey in the Treasury not other
wise Appropriated and further that Ut any time or
times before the maturity Of said notes. the Treasurer
may give notice IN the newspapers printed in Ra-
Leigh oil his readiness TO pay the same on any class
OF denomination of said notes. or any certain part
thereof and the interest shall close on the notes de-
Sgha'ed IN Such notice at the expiration of forty
days after such notice given.
. .. be al turthor ordained That the said notos !
may be issued, by the Treasurer in payment of any
WARRANT III FAVOR OF public creditors or for the pur-
pose OF paying military officers and troops in service
or for the purchase of supplies such troops and
Tor thc payment 0i coupons upon any bond or bonds
hitherto gwen, or hereafter to be given or for any
other demand upon The Treasury by persons who !
may be willing To receive the same in payment ut
par; and the Public Treasurer may borrow money
from time to time, upon the credit Of said notes as
The pubic service may require, not exceeding the
,aiu sum OF three millions of dollars; PrOriHeH
hat upon such loans interest shall not be charged
Dr. paid at greater rate than six per cent per anm
md further that no Treasury notes shall be pledged
lor Snau they 6e Sold or issued for any purpose for
GSS than the amount due on the same Including in
crest accrued thereon, if any.
t.. Re TJNrthcr 0rddiAej, That the said Treasury
notes shall. at any time times hereafter. be re-
eiVaoie at the treasury In payment for land enter
ID, aud for taxes, and any debt to the State at the
reaaury, and IN making such payment the holder
mai have credit Tor the principal money mentioned
Said note, and the Interest accrued thereon I'D to
he day Ot payment; and accounts Shall be Kent as
foresaid, Of the notes thus paid or redeemed lis.
lnSushinS the sum allowed for interest FROM the
Principal. = -'
z. ID Ht0rtheT 0r,LliRea That the said Trcasu
notes shall be received by Sherid$, and other col
'ctng officers, IN payment Of the public taxes in
heir respective countless and the said officers so re.
ewing any OF the said notes SHALL at the time of
ayinent, take from the person paying them RECENT
n tue back Of each note for the amount. allowed
lereior anu the date thereof, and such officers shall
eep Instinct and specific account of said notes so
eceiVed III payment showing the person from whom
'celved, tie number and date, the day on winch ae
ecciveu them and the amount of the principaL and
$50 the interest allowed by him, and deliver the
lld notes and accounts to the public Treasurer and
shall, thereupon and on lis oath to the truth of
iid account, receive credit for the amount thereof
=, Ge u .iHFthsr 0TdaMed That the holders of
&c treasury notes issued under the authority of
lE ordinance may have the same funded, by re-
uest to the Treasurer to give in exchange for them
Onus oi the State, payable in thirty DAYS at the
nohc treasury, and bearing interest at the rate of
P' Ne@ P'r S"n"um, payable nail yearly, with
'upons attached, for he interest PAYABLE. also at
re Treasury; Proriaed, kOnerer, that such bonds
lal be issued for the amount of five hundred dol
RS, and one thousand dollars only Hid prOgided
'rther, That upon application for such exchange,
le interest upon the Treasury notes shall be allow
up to the first day of January or April or July,
October next preceding the request for such ex-
range as the case may be- and the interest on the
'nds given IN exchange, shall run from the day to
hlch the interest on the notes was allowed and of
e notes received by the Treasurer, and of the
'nts given in exchange therefor, full and accurate
counts shall also be kept as aforesaid; and the
nhic Treasurer is authorized and required to issue
ch!conPon bonds agreeably to the provisions of
Re nineeth chapter of the Revised Code subject
the restrictions and notifications herein provided i
o.. Be az further ordained, That the Treasury