Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1862-03-01
IN. oRDiSASoE.
75,pfpsid for Faadias t6s Treasury Votes q

0rfft- C1EottNe uIbt JVf1,OttcE puIpOoCS.
]. De q oradiaed &C., That any Of the Treasu:
~ notes issued or hereafter TO DC issued under the
ordinance of this Cvnsention ratified the lst of
Deesmber, 1861, directing the issue Of three mil
lions Of Treasury notes well as those issued by
an ordinance Of the present session. entitled IAN
ordinance 10 provide for the assumption and pay
ment of the Confederate Tax" may be funded at
the wllof the holder. In coupon Bonds of the State
to be prepare. by the Treasurer, and payable 20
years after date. or sooner, at the pleasure Of the
State and bearing interest at the rate of eight per
cent per aBnun, payable semi annually at the
Treasury or in six per cent bonds of The State pay
able 30 years after tho LIST of january 1852 inter
est payable Semi annually, exchangeable in 'Treasu:
ry notes at the option of the holder. from time to
tle until the Treasury notes tall due, said bonds
heng of the denominations Of $500 and 500 in
equal portions, ss.-Ye, {, = ",ss
- q De it further ordti,ed That all Ia xes due to
the State or to counties and for school purposes
taxes for the poor and all payments for entries Of
public lands aaG all other dues to the State and
all fines and orfeItures for the use Of the Slate
counties, shall be paid in Treasury notes of the
State or Of the Confederate States in the notes
of such of the solvent Banks Of this State as shall
receive and continue to receive and pay out
money at par the Treasury notes Of this State, or
IN guild and silver coin audit shall be the duty Of
the Treasurer TO issue instructions TO the Sheris
and tax collectors in the several counties on this
subject, and 1t shall not be lawful for any Sheriff
collector to receive taxes in any other funds than
directed by the Treasurer under this ordinance.
g. Be it further ordained, That all the Treasury
Notes funded in Bonds, or paid into the Treasury
for taxes or other public dues, may be re-ssued in
payment of the debts of the State, or in exchange
for SIX per cent bonds Of the State, on application
of the holder ut any time before the notes fall due
Prorided, That the Treasury Notes issued to pay
the Confederate tax shall not be used to pay the
debts Of the State; and the Treasurer and Comp
troller shall each keep account of all notes re-
issued and those re funded in bonds from time to
time and the date of such transaction and parricu-
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.
f. BE IL further ordained That as the exgen-
cies Of the public service may, in the opinion Of the
Governor, require before the frat day of January,
1863 the public treasurer is authorized and required
to other Treasury Notes as aforesaid, not ex-
ceeding i'll amount the further sum of fifteen bun
dred thousand dollars and that the said notes shall
be prepared, signed and issued as in the said orJ-
nance. ratified on the first day of December 1851
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.
6 Be 10 further ordained, That it shall be the
duty of the Treasurer, soon convenient, to
issue Treasury Notes Of the denominations of FIVE
ten and twenty dollars in equal amounts, instead Of
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 IL further ordained, That if any one shall
falsely forge, or knowingly pass, or offer to pass,
any false fn ged or counterfeited paper, purportng
to be Treasury Note bond of this State he shall
be liable u indictment in the Superior Courts in
the county in which such offence may be commit
ted and on conviction thereof shall suffer all the
pains and penalties according to the 59th section of
the 34tb chapter of the Revised Code.
8. Be IL 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 oftwenty- 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, 1856, TO be used in hQua
ton Of any claims against the State to persons viii
ling to receive the same, but not to be funded in
bonds of the State but shall be receivable in pay.
ment of taxes 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. .-s---
8. Be IL further ordained, That no bank reeeiv-
ing the Treasury Notes of this State, as c0ntem-
plated IN the second section of this ordinance, shall
be required to receive, have on hand at any one
time more than two-6fths Of the capital stock of
such bank in said notes
TO- Be it further ordained, That so much of the
act of the General Assembly, entitled "an act to
provide ways and means for the defence Of the
State" ratified September H. 1851, as authorizes
the issue of one million dollars of the denonina-
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 /, 1861, directing the issue of three mil
lions of dollars OF Treasury notes and 1.-The ordi-
rance to provide for the assumption and payment
of the Confederate tax" as well as all the issues Of
Treasury notes and bonds under said act and ordi-
nances, are hereby ratified and confirmed.
H. Be it further ordained, That in the event of
the inability of the Public Treasurer Comptroller
to sign the Treasury Notes authorized by law to be
issu cd as speedily as the demands on the Treasury
may require then it shall be lawful for either OF
them to employ some discreet person by and with
the advice and consent of the Governor TO sign and
countersign the said notes whose names shall be
published in the newspapers in the city of Raleigh.
' H. Be 1T further ordained, That this ordinance
may be repealed or modified by the General Assem-
bly, but so as not TO affect any transactions had or
rights vested under the same, previous to such
modification or repeal. w.. ......
IFron, the Fayetteville Observer