Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1862-03-19

were necessary for the State defence, the same i,
be charge upon the Public Treasury. Pro, ?1a
That application shall have first oeen mada - .,
Contederate Government and they shall havo e. Inc
to assume the payment Of the same six month a,ied
said application. A'ns alter
eA5Bsit further ordqined, That the n,,-:
Of this ordinance be extended to the Commissions
Of tbs towns Of Newbern and Washlnplon os
otner towns that may make the same appcat any
under similar circumstances Pp'auon,
Passed and ratified in open Convention tho o.,
day Of February, 1862. A''o" the 18th
Teste: p- ~. hOW ARDS,
W. l. STEELE, Secretary. convention.
L. Y. EDWARDS Assistant Secretary
No. 35.T
nn O'Gnanee to Provide for Fundi,, e..
"oss. "''es VI this State, and for other neg
!: Re It ordained, &C., That any of the r,o,,,.
~ notes issued or hereafter to be issued nndsr M
ordnance OF this Convention, ratified tho Is ne
Decemosr 1901, directing the issue of three NJ, u
Nuns treasury notes, as well as those issued h.,
a. Gaalse Vi the present session. entitled An
ora'nance 70 provide for the assumption and nav
the will of the holder, in coupon Bnnds &c uieeo az
to be prepared by the Treasurer and sne I1ase
years after date, or sooner at the pleasure "s ~
State and bearing interest at the rate Of e;nt sne
cent. per annum, payable semannuallv at H.
treasury, or In six per cent bonds of The State
able W years after the LIST of January, 1869 ;pt:,
est payable seml-annually, exchangeabe in Tro,s,
ry notes at the option Of the holder, from n raSa
time, until the Treasury notes tall due said bons0
being OF the denominations of $500 and s1O0N is
equal proportions.
q BE 1t further ordained That all taxes d,. to
the State or to counties, and for school purposps nv
taxes for the poor and all payments for entries Of
public lands, and all other dues to the State .nd
all fines and forfetures for the use of the Ststa
counties, shall be paid in Treasury notes Of tSs
State or of the Confederate States, or in the notes
of such of the solvent Banks of this State nc sb.
receive and continue to receive and paw out as
money at par the Treasury notes of this State. or
IN gold and silver coin and it shall be the duty of
the treasurer to issue instructions to the Sherifs
and tax collectors in the several counties on this
subject, and 1t shall not be lawful for any Sheriff
or collector to receive taxes in any other funds than
as directed by the Treasurer under this ordinance
g. BE 1T further ordained, That all the Treasury
Notes funded in Bonds, or paid into the Treasury
Tor taxes or other public dues, may be re.issued IN
payment OF the debts of the State, or in exchange
for SIX per cent. bonds of the State, on application
OF the holder at any time before the notes fall due
Prorided, That the Treasury Notes issued to paw
the Confederate tax shall not be used to paw the
debts of the State; and the Treasurer and Comp
troler shall each keep an account of all notes re-
issued, and those re funded in bonds from time to
time and the date of such transaction and particu.
larly noting the interest on each bond when taken
up, and the amount Of interest due on each bond
when exchanged for Treasury notes, and in all cases
shall charge the party receiving such bonds with
the interest due at the time of delivery
4. Be 1T further ordained, That as the exigen-
ces of the public service may in the opinion of the
Governor, require before the first day of January,
1863 the public treasurer is authorized and required
to issue other Treasury Notes as aforesaid not ex
ceeding in amount the further sum of fifteen hun
dred thousand dollars and that the said notes shall
be prepared, signed and issued in the said orii.
nance, ratified on the first day Of December, 1861.
5. Be it further ordained, That the aggregate
amount of said Treasury Notes outstanding at any
one time, and of the bonds given in exchange for
or discharge of Treasury notes as aforesaid, shall
not exceed the amount of such notes authorized by
law heretofore, or in this ordinance.
Be 1t further ordained That it shall be the
duty Of the Treasurer, as soon as convenient, to
issue Treasury Notes of the denominations Of five,
ten anu twenty uoidTS Ill equal amounts, InSteau VI,
and to exchange for, any of the Treasury Notes
heretofore issued, not bearing interest," of the de-
nominations of fifty and one hundred dollars, on
the application of the holders of said notes; and
when so taken up or exchanged, the said notes Of
fifty and one hundred dollars shall be cancelled and
the same shall be noted by the Treasurer on his
books and on the books of the Comptroller
Z. BE it further ordained That if any one shall
falsely forge, or knowingly pass, or offer to pass
any false forged, counterfeted paper, purportng
to be Treasury Note or bond Of this State, he shall
be liable to indictment in the Superior Courts in
the county in which such offence may be commit
ted and conviction thereof, shall suffer all tho
pains and penalties according to the 59h section Of
the 34th chapter Of the Revised Code
8. Be 1T further ordained That in addition to
the Treasury Notes heretofore ordered to be issued
it shall be the duty of the Treasurer to issue one
million of dollars, in small denominations, to wit
four hundred thousand dollars in the denomination
of two dollars, four hundred thousand dollars in the
denomination of one dollar, one hundred thousand
dollars in the denomination of fifty cents, fifty
thousand dollars in the denomination of twenty five
cents twenty-five thousand dollars in the denomina-
ton of twenty cents, and twenty-five thousand
dollars in the denomination of ten cents payable on
the first day of January, 1866 to be used in quida.
ton of any claims against the State to persons viii
bonds of the State, but shall be receivable in pay
ment Of taxes or other public dues and he shall
keep an accurate account of the issues, from
time to time made under this section Of this or.
dinance.
9. Be it further ordained, That no bank receiv-
ing the Treasury Notes Of this State, as contem.
plated in the second section of this ordinance shall
be required to receive or have on hand at any one
time, more than two-ffths Of the capital stock OF
such bank in said notes.
10. Be it further ordained, That so much OF the
act Of the General Assembly, entitled ian act to
provide ways and means for the defence of tho
State" ratified September Is, 1861, as authorizes
the issue Of one million dollars Of the denomina'
tons of two dollars, dollar fifty cents, twenty
five cents, twenty cents, ten cents and five cents
and also the ordinance Of the Convention, ratified
December l. 1851, directing the issue of three NIL
lions Of dollars Of Treasury notes, and 1.-THE oral.
nance to provide for the assumption and payment
of the Confederate tax," we'll as all the issues OF
Treasury notes and bonds under said act and oral'
nances, are hereby ratified and confirmed. =
II. Be 1t further ordained, That in the event Oh
the inability Of the Public Treasurer or Comptroisr
to sign the Treasury Notes authorized by law to Do
issued as speedily as the demands on the Treasury
may require, then it shall be lawful for either o.