The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1861-06-06
MISS AGNES BAILLIE, the sister and life.
long companion Of JOANNA BAILL1E, the dram.
atist, is dead, at the age of 100.
Published bay 27, 1861
Chapter r3-.-Extra scssio N.

Ch3pL2E EsSa~~ktZeR4 Session.
AN ACT to provide for borrowing money to repel invas
ION, suppress instruction, ard defend the state in
time of war.
Tile People qfhe State Of Wisconsin, represented in
Sea@te and ASSs@bty, do enact dsJoLl0aoS
Section l. The Governor State Treasurer and seere.
tary of State, majority of them, are hereby author
lied and directed in the and behalf Of the pc
pie Of this sateor the purpose Of organizing and bring
ing into active service the volunteer militia to repe in
yasion suppress insurrecon, defend the state the
time OF war; to negotiate and contract for a loan or
loaos for such SUM or sums may be necessary for
the purposes indicated by this act not exceeding in the
aggregate the sum of million dollars, on the most
favorable terms which in their judgment can be obtan
ed, at rate of interest not exceeding six per cenum
per annum payable semi annually, the first lay of
January and July in each year. follows to wit the
interest on all bonds amounting each to Eve bnndrad
dollars or upwards, shall be payable such bank in the
City Of Ney York, may from time time be desgna-
ted by the state treasurer and the interest all bonds
of less amount each than FIVE hundred dollars shall
pc payable at the State Treasury The principal of such
loan shall be redeemed from time to time as hereinafter
specified and the proceeds of said loan shall be known
as the War Fund. All expenses which have been or may
hereafter be INCURRED under the provisions of this act
or under the provisions of chapter 230 of General Laws
OF 1851, in any manner connected with the raising or
ganz;ng and equippng Of volunteers shall be paid out
OF SAID fund; and any money which may have been
drawn from the treasury out of other fund
the provisions OF said chapter 239, Shall be reimbursed
to the proper fund from said War Fund.
Section 2. For the purpose of eifectng the loan au
horzed by this act the Governor State Treasurer and
Secretary Of State any of them are hereby en-
powered and directed to to be Issued from time
Of Wisconsin, in of not less than one hundred dol
lars nor than thousand dollars each to be sign
ed ny tie Governor and countesgned by the Secretary
OF state ana le STATE treasurer, with the seal of the
state Affixed and coupons for the interest thereunto at
tached The principal and interest of all bonds of less
denomination than ye hundred dollars shall be paya-
bic at the state treasury and the principal and inter
est OF all bonds Of denomination of five hundred dol
lars and upwards, shall be payable at such bank in the
city OF New York may from time to time be designed
by the State Treasurer, and all such bonds shall he
drawn in favor of the Secretary of state and when
in
Governor Secretary Of State and State Treasurer shall
deem proper.
Section 8. All moneys arising from the sale OF the
bonds authorized by this act shall be paid into the
treasury of the state to the credit of the and
shall be drawn therefrom the of Secretary
state, in such manner as provided by law.
Section l. The bonds issued under the provisions of
this act shall be regste red in book provided for that
purpose and kept in the Office Of the Secretary of State
which registry shall contain the number and amount of
each OF such bonds the time when due and the place
where payable. whenever any of such bonds shall be
paid, such bond shall be Instantly cancelled by the
Treasurer or other person paying the same with can
ceiling hammer TIE Secretary of State shall also keep
full record of all the bonds taken up and paid in a
book provided for that purposes and Immediately after
such record shall have been made as aforesaid the
bonds paid shall be cancelled, by writing across the
lace OF EACH which caucement shall be signed by the
Secretary of State and the State Treasurer and lied in
| the office of the Secretary of State.
Section s. The bonds issued under the authority of
this act, shall be redeemable follows to wit: The FIVE
hundred thousand dollars issued under the provisions of
this act shall be redeemable on The first dav of JIv one
thousand eight hundred and seventy seven and one
hundred thousand dollars shall be redeemable on the
first day ofJuy annually thereafter, until the whole of
said bonds shall have been redeemed
Section g. 1t shall be the duty of the Secretary of
annually to levy such per centage of taxation on the
taxable property of this state, will be sucien to nav
the annually acCruing interest all outstanding bonds
issued under the authority of this act And it shall also
be the duty of the Secretary of State, levy such an
amount OF tax the taxable property this state in
the year one thousand eight hSldred and seventy-sx
and annually thereafter sufficient pay the principal
of each of said bonds maturing during each of the next
ensuing years respectively till said bonds shall have all
been redeemed, in accordance with the provisions OF
this act
Section T. The faith of the State is hereby pledged for
the payment Of principal and iuere bonds which
may be issued under the provisions of this act
Section S. In the negotiation OF any of the bonds au-
horzed so be issued under the provisions of this
less than sixty Of the proceeds Of each sale
shall be received into or paid out of the treasury in
gold or silver coin the balance of the proceeds of each
such sale may in the discretion of the parties auhorz
ed by this act to make such SALE be received and paid
into and out of the treasury in current bank bills of this
state; iOCided, that the currency of no such banE
shall be received unless at the time of such recep
ton, shall be at par estimating its value by the her
market value OF its securities on deposit with the bank
comptroller; Ad ProU5a6d further, that all payments
OF wages or salaries TO the officers and soldiers of the
regiments organized by the law of this state shall b,
made in gold and silver coin.
Section 9. All claims and demands against the state
Tor expenses and disbursements authorized by any Law
OF this state, and which, by the laws of the state arr
payable out Of the loan and the fund authorized an(
created by this act dencminaed the war fund shall IN
presented within three months from the time the sam
shall accrue; and all claims and demands already ac
rued payable as above, out of said loan and fund shall
DC presented as above, within three months after thu
passage OF this act all such claims demands sba
be considered as donated to the state and shall no
thereafter be allowed under any pretepse whatever
Section TO- This act shall take effect from and afte
Approved May 81, 1861
al TpyBLfgBoyy W., 1ce5