Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1861-07-17

vided, this resolution shall not be construed to au-
thorzeor direct the Governor and Treasurer to issue
any other State bonds to any other Corporation In
this State, unless in his Judgment he may consider
1t bis duty to do so under the requirements of law
Read three times and passed, June 2sth 1861.
Teste: Pres. of Convention.
WALTER L. STEELE, Sec'y
L. G. EDWARDS, Asst Secy.
An Ordinance to provide the Ways and Means
for the Defence of the State.
SEC. !. Be 1T ordained &C. That the sum of
three millions two hundred thousand dollars, or so
much thereof as may be necessary, be, and the
is hereby appropriated to meet the demands on the
public Treasury for the next ensuing two years,
which sum shall be raised and provided for in the
| way and manner following:
Sec. 2. Be it further ordained, That the public
Treasurer is hereby authorized and required to have
suitably prepared and to issue Treasury notes. paya-
BILE to bearer upon the faith and credit of the State
! to the amount of two hundred thousand dollars of
the various denominations of ten, twenty-five and
fifty cents, in the following proportions to w.t. forty
thousand dollars in notes bills of ten cents sixty
| thousand dollars in bills notes of twenty five
cents, and one hundred thousand dollars in notes
bills of fifty cents which said shall be receva
BILE in payment of public dues shall bear interest;
| shall be made payable to bearer and be signed by
| the public Treasurer, or by some person to be by
him duly authorized and appointed to sign the same,
and who shall receive reasonable compensation for
such service to be paid out of the public Treasury
and shall be redeemabe on or before the first day of
| January, 1866. Provided, however, that no such
notes shall! be issued before the first day of March
| next, and that the General Assembly may make
provision for the redemption of said notes before the
time specified, or may extend the time of redemp-
ton, as in their judgment the public may require
The public Treasurer and Comptroller shall each pro-
vide book in which shall be kept an accurate ac-
count of all the notes of the various denominations
paid out under the provisions of this ordinance and
also an accurate account of all returned to the
Treasury which books shall at all times be open to
the inspection of the General Assembly, and for the
keeping of such books, they may, if absolutely
cesSary, be allowed to employ some suitable person
| to act as clerk.
Sec. 8. Be 1t further ordained, That the public
Treasurer OF the State be- and he is hereby author
lied and directed to negotiate loan loans, with
the several banks of this State, with private nd
viduas, in such sums and at such times as he may
deem necessary and proper, to an amount not
ceeding, in the aggregate, the sum Of three millions
of dollars, including the amount already borrowed
of the banks of this State, under the provisions of
act passed at the late session of the General AS
sembly, entitled An act to provide ways and means
for the public defence for which the said public
Treasury shall issue the bonds Of the State bearing
six per cent interest, and payable twelve months
after the date thereof and should the public Treasu
er not be prepared to pay the same at maturity, he
is hereby authorized to renew the same on such
terms and for such time he may think proper or
to negotiate new loans in lieu thereof and, he the
public Treasurer shall keep true and accurate
count of all such loans, and make report thereof to
the General Assembly from time to time.
Sec. 4. Be further ordained, That those banks
in this State who shall loan to the State their pro
rata amount of the sum hereby authorized to be
borrowed of them, whose charters forbid their ssu
ing bills of less denomination than five dollars be-
and they are hereby authorized to issue bills of the
denominations of one dollar, two dollars, and two
dollars and half to the extent of five per cent of
their capital stock actually paid in provided that the
same shall not be construed to authorize the said
banks to issue an aggregate amount of circulation
greater than that authorized by their charter.
This authority hereby granted to issue bills of the
denominations of one dollar, two dollars, and two
dollars and half shall cease whenever the Gener-l
Assembly shall provide and direct upon the pay
ment to the banks the principal and interest of the
borrowed of them under the provisions of this
ordinance.
Sec 5. Be 1T further ordained That no bank of
this State shall be required to resume specie pay
ments whilst any portion of the amounts herein
thorized to be borrowed from such banks shall
main unpaid.
Sec 6. Be it further ordained That if any per-
son shall falsely make forge counterfeit,
the same to be done, willing ~ aid or assist there
in any Treasury note in imitation of, or purporting
to be Treasury note or bond issued BY authority
of this act with the intent to defraud the State
corporations other persons the person offend
ing shall be deemed guilty of felony, and on convic
ton thereof in the Superior Court he shall be ad-
Judged to stand in the pillory hoIT, and receive
thirty-n lashes on his bare back, and be imprs
oned not less than six months nor more than three
years. and fined at the discretion of the court and
all or any of such punishments may, at the discre
ton of the court be inflicted.
Sec. Z. Be it further ordained, That if any per-
son. either directly or indirectly, whether for the
sake of gain, with intent to defraud inure any
other person. shall utter publish any false forged
or counterfeit notes as mentioned in the preceding
section or shall pass deliver attempt to pass
or deliver the to another person, knowing the
same to be falsely forged counterfeted, the per-
son so offending shall, conviction thereof in the
Superior Court be punished in like manner as is
provided in the preceding section of this ordinance
Sec. 8. Be 1t further ordained, That this ordi-
nance or any portion off may hereafter be altered
modified or repealed by the General Assembly, pro-
vided nothing contained in this section shall be con-
strued to dvest any rights accrung to the banks or
other parties without their consent.
Sec. g. Be 1t further ordained That the act pass
ed at the late session of the General Assembly ent
tied An act to provide ways and means for the
public defence" ratified the 18th day of May 1861
be- and the same is hereby abrogated and annuled.
Read three times, and passed 2Sth Of June 1861.
W. n. EDWARDS,
Teste: Pres of Convention.
WALTER L. STEELE Secretary.
L. c. EDWARDS, Assistant Secretary.
mo- 3d.
An Ordinance to amend an Ordinance passed at