Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1862-05-31

-------- treasurer
Ii. All certificates issued by said boarC
OF commissioners, within three months after
the publication of the acceptance of this ac
by any railroad company, upon bonds ane
mortgages originally given to such company
or given to the company of which such com
pany, so accepting is the successor in possess
ion, shall be denominated first series" anC
shall bear interest at the rate of six per cen
tum per annum; all certificates issued after
three and within four months after the publi
cation OF such acceptance, shall be denomina
ted second SERIES" and shal bear interest al
the rate OF tive per centum per annum; all
certificates issued after four and within five
mouths after such publication, shall be denom
mated third series,'' and shall bear interest
at the rate of four per centum per annurn -
ana all certificates Issued after five and with
in six months after such publication, shall be
denominated "fourth SERIES" and shall bear
Interest at the rate of three per centum per
annum provided, that all certificates iss ued
shall be dated on the day the person entitled
thereto shall have completed his proofs as re-
CURED by this act, a-,d each certificate shall
be deemed issued on the day of its date and
any holder Of note or bond and mortgage sur
rendering the same with the railroad bond if
any there be, provided in this act, after five
and within six months after the publication of
such acceptance, who may not complete his
proof within the six months, shall be entitled
to certificate of the fourth series, as herein
before provided
S II. On the first Monday of October, in
each and every year, during the continuance
of said sinking fund, the state treasurer shall
transmit, in writing, to the said board of com
mlssoneEs, statement of the moneys belong
ing to said fund, received by him during the
year then next preceding, specifying the sew
eral amounts paid in by the several railroad
companies or their proper representatives ;
alss, ofthe sums paid by him, if any, and on
account of what railroad company, or if the
money paid by hin, be any expense account,
fer what and on whose order it was so paid ;
also, of the amount then III the treasury to
the credit of said fund, specifying the proper
tion Of the several railroad companies contrib
uting to said fund. And on the same day in
each year rs last aforesaid, the secretary Of
state shall transmit to the said board of com
missioners, certified copies of all receipts re-
ceivsd and filed in his Office, rs required by
this act, during the then last preceding six
months, and also correct and certified list of
all accounts audited and allowed by him for
expenses of the commiss
i9 the said board of conmi missiouers. up-
On receiving tho reports Of the state treasurer
and OF the secretary OF state, as provided for
In the preceding seetion, shall at once pro-
ceed to apportlon the amount t, be paid on
each outstanding certificate as the next annu-
al instalment, SO that on each certificate there
shall be paid its pro- rata per centage of the
amount in the treasury contributed by the rail-
road company named in the certificate, and
that the entire amonnt contributed by the sew
eral railroad companies, or any person for the
same, shall thus be apportioned annually
among the holders Of outstanding certificates
deaucting only the necessary expenses Of the
commission, which shall be paid cut of the
moneys contributed By said companies, in pro-
portion to the amounts paid in by them re-
spectively- -..... - .-.
s IA. The said board Of -cemmi, sisners
shall, on or before the third Monday of the
month IN which suca apportionment is made
hle clear and distinct written report of the
same, with the state treasurer, who shall, in
proper books to be provided for thai purpose
at the expense of said fund, keep separate ac-
counts with each railroad CO npany contribu-
ting to said fund
s Is. During the rlonth of November in
each year, during the continuance of said fund
payments shall be made upon any outstanding
certificates issued as hereinbefore provided. in
the following manner: The payee or bearer
of any such certificate, upon surrsnderine the
same to the said board Of commissioners, at
their efice, shall be entitled to receive, and
the said board shall then and there deliver to
such payee or bearer, their order on the state
treasurer for the sum then to be paid on such
certificate by the last apportionment then
made, specifying in suca order the number of
the certificate surrendered, the number of tn e
series and issue, and the railroad company
named in such certificate, and how much Of
the order so drawn is for inte rest, and how
much on principal; and for the sum left un
paid, after deducting the amount paid by such
order on the treasurer, the said hears shall