The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1861-07-11

filed by the Governor.
! Sc The Treasurer Of Ststs aod Maf.
turin l.. Fisher Of Chyton codht1, be
and they ore hereby declared y y 6esose
Of this State, With fdll pswss y seC-
siate said loan, to seli aud tsasebe ths
said Bonds, and TO Do all shisgs sseo1De.
r. in tlo premises and said agente eeA
fully report under oath MI thsif SetseD
in the premises. to the 0ovsfaof, Nho
shall communicate the sane tothe 1e4-
islature At the next sessios sAsGs1lsss,
aud in case Of vacancy oss0sstAe u
said Board Of Agents, By rsasso = 1sasA, /,
resignation, or otherwise, tAs 0ovssnos
shall have power to GIL the tadast5 Am
created.
81. Before the said agents ars sas,uss:
ed with sny of the said bonds, thsy shall
give bond with the sufeties il de teaaF
sum Of at least twice the amount q hoads
delivered to them, conditioned for the
paying over Of all moneys recsivsa by
them from the sales thereof, and fdf thS
faithful performance of their dutiss,'
which bond shall be approved by shs
Governor, Auditor and Secretary Of
State and fled with the Auditor Of State,
who 10 directed 70 record the same in hts
Office. .....- g.. .....r--.s.
In case more than one sale Is made
similar bonds may be required By sAs
Governor.
And the loss Of said bonds or noaey
By robbery or otherwise, shalt b 20 As-
fense to an action on the said bond. Bat
the bond Of the agents shall stand die.
charged If they obey the directions here.
in given, aud pay into the State Treas.
ury, rs prescribed by this act oil nossys'
received BY them from the sale er sales
Of said bonds, and deposit according ~,
provisions Of this act any bonds not cold
in the Treasury Of tho State. Any bosds
delivered to the agents, sod not sold By
them as herein directed, shall be dsHv.
cred BY the said agents to the Treasurer
of State, who shall keep the same 10 his
Office until called for BY the Govsrntr
for sale and negotiation, and for the
proper performance Of his duty, the
Treasurer aud his sureties shall b liable
on his official bonds, the amount Of which
bonds shall be increased, or sdditioaal
bonds given from time to time, Al may
be required by the Governor, - now pro.
vided by law, and it is enjoinsd upon The
Governor ss special duty that 30 shall
always see that good and sufficient bond
or bonds are taken from the Treasurer
to secure in any event the safe keeping
Of all moneys coming into the hands Of
the Treasurer.
SS. All sales Of Bonds made ia pur.
suance of this act, shall be for specie,
payable in hand on delivery Of tho bends
so sold to the purchaser or purchasers.
50. As compensation for the riak A.
sumed and services to be performed, the
said agents shall be allowed their actual
and necessary expenses, and 10 additiou,'
such an amount, not to exceed, however,
one fourth Of ono per cent ont he amouat
sold and paid into the State Treasury, -
the Governor, Auditor aud Secretary Of
State may deem proper and right, to BE-
paid after the rendering Of said service
and the incurring of said expense out Of
the "NVar and Defense Fund
5 10. Matured coupons on al bonds,
of the denomination of one hundred dcl-
lars, shall be receivable in payment Of all
State taxes.
5 IL. If such . course is deemed id.
visable by the commissioners appointed
in section five Of this act, the agents may
on the written direction Of the said Com.
m;ssionerS, or MAJORITY of them. sell ~
private sale the bonds or ary part there
of, in this State at their nominal par
value, but in no instance for less, except
as hereinafter provided. Any sale Of
the said bonds made in the city Of New
York, must be made in the following
manner, to.wit: The said agents shall
give at least twenty days notice By i'd:
vertising in the New York Daily Times,
Daily New York Tribune, Daily New
York Journal of Commerce, or at least
two or them, and Daily Boston Atlas and
Daily Boston Post, or at least one of
them, and the Daily Chicago Tribune, OF
othc daily newspaper in Chicago, fixing
a time and inviting sealed proposals for.
said loan, which shall be received and
opened by them at the Metropolitan
Bank in said city, where it shall DO thei.
duty to keep or have kept at all times
before opening any bid, copy Of this
act for public inspection with such other
documents relating thereto As may bs
necessary and copies of said advertise
ments and all proposals received BY them
shall te filed and preserved in tho Office
of the Auditor of State and the said
agents shall not accept any but tho best,
and highest proposals, aud shall no. SELF
bonds at less than par, unless by the
written direction Of the Board Of Com
missionors provided for in this act or
majority of the same, but after sale or
sales of said bonds have been made in
the City Of New York as authorized in
this sectioh, the commissioners or ma-
jority Of them may if they deem il ad.
visable, authorize the agents to mako
sales of said bonds at the then current
rate in New York, but in no Instance for
less than the rate obtained at the last
preceding sale in that city. Sales Of
bonds may be made 10 New York CITY
from time to time as may in the judg-
ment of Commissioners be necessary, upon
giving the notice prescribed iu this sec.
tion and complying with all the conds.
tions aud restrictions of this act.
S II. This act being deemed of imme.
diate importance by the General Assem-.
bly, shall take effect aud be in force from
and after its publication in the lows
State Register, Iowa State journal and