The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1861-02-06

them by law.
That the President Of the Bank Of the
State OF South Carolina be, and he is
hereby authorized and required to issue,
IN the name Of the State Of South Caro-.
lima, four thousand five hundred cortifi'
Gates or bonds, Of the value of tifv dol.
lars each, two thousand five hun0red Ger.
tltlcates or bonds, Of the value of one
hundred dollars each, aud four hundred
certificates or bonds, OF the value Of FIVE
hundred dollars each, to be signed by
the said President and countersrgned BY
the Cashier Of the said Bank. bearing in.
terest at the rate of seven per cent. per
annum, payable on The first day Of July
of each and every year, at the Treasury,
aud redeemabIe thereat that Is to say
the four thousand five hundred certiti-
Gates or bonds Of fifty dollars each to be
redeemabIe on the first day Of JuIv.
which will be in the year Of our Lord
one thousand eight hundred and sIxtv
e'gh: the two thousand five hundred
certificates or bonds Of one hundred
dollars each, to be redeeinab!e on
The first day Of Ju.y, which will be in the
year OF our LORD une thousand eight hun
dreI ard seventy, and the four hundred
certificates or bonds Of five hundred dol
lars each 10 be redcemable on the frs,
day OF July, which viii be in the year OF
our Lord one thousand eight hundred
ant seventy two, and which said certti
Gates or bonds shall nave suitable cou.
pons, to he signed by an officer appoin-
f,l ly H.. q Il -
attached thereto.
That the said certificates or bonds, aud
the respective coupons thereto, shall be
received at the Treasury Of the said Stale,
as the same shaI! respectively become
payable, in payment Of taxes and other
debts due to the State Of South Carolina.
That in case there shslI be required
tor military contingencies larger sum
of money than shall lie raised bv the tax
es herein provided for, and the issuing Of
the Treasury notes also provided for, it
shall and NAV I've laufu. upon the re-
quest { the Governor of the State. for
lhe i'Iesldent Of the Bank Of The State Of
South Carolina I" issue "nd put in circu
latIon notes Of certificates IN the nrm
sra'natter prescribed, Of such denomiua-
tIons, not less than one dollar. as tie
SAID President nay ii nix proper which
SAID notes or certificates shall be receiya.
o'e ~ paym OF taxes and olhe- dues
10 'he S'".- for tie sums therein erpress
ed Prov'ded, NAa, the whole ,monn, of
such notes or certliic.>a. shalt mo-, .xc..J
the sum of three hundred ,lous,ud dol
lars aud ;ha said notes or cerSf,,,.s
stall be IN the following form. VIZ -
"Tnls note or certificate shall be received
IN payment Of taxes and other dues TO
the State for - dollars" and shall be
sigGed by the President and Cashier of
the said Bank, or such other person or
persons AS the said PresidenI and Direc,
tors may appoint for that purpose and
it shall be lawful Cor any Banks in this
State 10 pay or deliver out aud circulate
tue notes or certificates issued in purSu
ance oi this Act. That the President of
the Bank Of The State Of South Carolina
shall pay the drafts Of the Governor,
counlersigned hy tho Member OF the tx
ecutIve Council charged with the Treasu.
~ Department, for any amount not ex
ceedIpg the amount OF such notes o. Ger
uhca,es issued aud put IN circulation by
the said Bank. That the twenty first
section Of an Act, entitled "An Act to
raise supplies for the year commencing
October, one thousand eight hundred
and twenty three, ratified on the t~en,i-
eth day Of December, one thousand eight
huodred and twenty three" be re enac
ted and hencefurih declared Of force in
the words fllowiug-tbat is to say -
"1hat the Treasurers OF the State shall be
required hereafter not TO receive anv tax
returns which shall not be made in strict
conformity to the instructions of the
Comptroller General. That the Treasu
rers of this State be instructed 10 receive,
in payment Of taxes, the bills and notes
Of all the Banks of this State, unless, in
The opinion Of the ComptroIer.GeueraI. it
shall become unsafe to receive the bills
or notes OF one or more OF such Banks,
10 which case he shall be authorized TO
issue instructions to the Tax Collectors TO
refuse the notes of such Bank or Banks"
Georgia Conyention-Electio of Dele-