The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1861-07-11
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TTNDER THE PROVISIONS OF AN ACT
~ passed at the Extra Session of the Eighth den.
eral Assembly Of the State IL los ., entitled Ear
Act TO provide for the issuetnd ale Vi State DDS
to procure loan Of money fer the Stats u wa
to enable ii to repei invasion ADd defend Itself In
war, approved May 18th, 1861, the Issue ard sale
or the Bonds Of the State IL authorized t. IN
amount not exceedir r he OF hight II mn ired
Thousand Dollars. The bonds are 10 be issu ar
sold from time to time, ia the judgment OF the
Board OF Commissioners Great by said Act OF the
~ .s~-~-y -
the State may require
The Board, at tEeir meeting held 1T the Capital,
on The 18th Of June, 1861 have ordered the Issue
and sale Of Bords to the amount Of -Four Hundred
Thousand Dollars.
The Bonds thereby authorized and for sale, are
in sums Of LOO 90, $500 co, and $1,000 90 eat at
the option OF the purchaser. siTnsd by the Gever
nor, counters gncd by the Auditor and Treasu er,
and atested BY the Seal Of the State ef L. w.
With interest coupons attached, signed by tbs AG-
ditor, but not attested by the Great Seal of the
state, and provid for the payment Of the princi-
pal at the expiration u twenty years FROM the
date thereof and for the pay mcIt OF interest SENT
annually, on the Ut dsys of January and July OF
each year at the rate Of Per cent. per spnum;
aotL principal and interest on all Bonds over One
hundred Dollars are made payable at the Metro
politan Bank In the City Of New York. bat the
Governor may cause such payment TO be made At
any o,h.y place in said city, by giving thirty days
public notice OF such place In three sewspalers 10
said city
Both the principal and interest of all 500 90
Bonds made syahe Mt the Treasury Of this
Stale. None Of The 1000 Bonds " be sold ont
OF this state.
The State has irrcsoeably pledged it's faith to
provide sdcqna meaps to pay the Interest said
BONDS as the sane become due, and the principal
1t the expiration OF twenty years, and for this
purpose, ali, much as 10 necessary OF the row
enue arising from the entire taxable property Of
the State. has been and 10 set apart and pledged
xhasn te ev Las "A 80
OF the Census Board, or other proper ofhcer OF IT.
fcers (which duty tn. law provides may, IL necos-
sary be enforced by mAndamusl, to levy tar
in each year sufficient for there purposes, III or
payment Of all expenses Of collection
No axes tits provided by Law, sbaue be levied
by the State Of Iowa on the stock created by said
Act nor the interest pay bile thereon. And the
value Of the stock shall In no wiae be impaired by
the authority Of the state. But II 10 expressly
provided ty said act hat nothrg therein contain
ed shall be SO construed a. to exempt from taxs-
ton any part of the capital stock Of the Branches
Of the Stale Bank Of Iowa.
The Board OF ComiAissi oners created BY said Act
hn~r IN writing urrrrtcd rhe uuHsYJrEned. the
agents appointed by said Act, TO negotiate said
loan, and to sell and transfer said Bonds to sell
said Boz d. any part thereof AT private sal IN
Ills State, at their nominal par value, until the
IL b day OF July, A. ID. 1861, at which time all of
said Bonds whieh remain uns old al private sale In
this StA.e; may be sold in the City II New York 10
she mapner specified in said act No 800 90
Bonds will &c .old in New York City, but the
Bonds there sod will be in the sum of $500 90 or
$1,000 90 esch, 81 tbs option Of the purchaser to he
specihed IN his % upossl.
The terms OF the SAILS Of said Bonds are speci
pay able in hand ON the delivery of the BONDS SO
sold To the purchaser or purchasers. Matured cou
pops on all BaHds Of the denomination of One
hundred Dollars are by the provision nf said Ant
receivable in payment Of all tate 1axes.
The sale If said Bonds, which is TO take place
II NV rUrT rTry, WITH trTTrTtrUT ruy pr-p-EE.r-
tberef, il advertised In the Daily New York Tr.
buue the New York Daily Times, and Daily Ner
York Journsl vi Commerce, and in the Daily Bos-
ton Atlas and Tally Boston Poet, and In the Daily
Chicago Tribune.
Any person wishing TO invest in said .Iowa
State Stocks" do on he terms aforesaid, at
their nominal par value, at the nfce Of the 1rea-
surer Of State, At tbe Capitol, at Des Moines until
and on the eighth day Of july, A. D. 1861, after
which day ths Undersigned will proceed 10 New
YORK City TO attend 10 receiving proposals there,
until the 10 h lay 81 july, A. ID. 1901, at noon.
ard opening ssiu proposals On july 18Th, 1861, at
neen.
JOHN w. JONES, Site Treasurer, Loan
MATUkIs L.El-HhK, Agents
Des Moines, Jnre 18th, 1861.