Newbern weekly progress., 1862-03-11


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 i'rocided
Tha; the Treasury Notes issued to pay the
Confederate tax shall not be used to pay the
debts Of the State; ard the Treasurer and
Comptroller shall each keep an account Of all
notes re.issued, and those refunded In bonds
from time to time, and the date Of such trans
action, and particularly noting the interest on
each bond when taken up and the amount oiin-
terest due on each bond when exchanged for
Treasury notes, and in.a all cases shall charge
the party receiving such bonds with the inter
est due at he time OF delivery.
4. Be Il further ordained, That as the ex-
igencies Of the public service may, in the opin
ION OF the Governor, require, before the first
day Of January, 1868, the public, treasurer is
Authorized and required to issue other Treas
ury notes as aforesai3. not exceedng inEmount
the further sum OF fifteen hundred thousand
dollars, aud that the said notes shall be
prepared, signed and issued as in the said or.
dnaace, ratified on the first day Of December,
1851.
8. Be IL further ordained, That the aggre.
gate amount Of said Treasury Notes outstan-
ding at any one time, and of The bonds given
in exchange for or discharge OF Treasury notes
rs aforesaid, shall not exceed the amount OF
such notes authorized ylaw heretofore, or in
Ibis ordnance.
g. B6 IL furthor ordained, That II shall be
the duty of the Treasurer, as soon as c0nven'
lent, to issue Treasury Notes of the denoml'
nations 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 denominations OF fifty
and one hundred dollars, on the application
Of the hol.ers Of said notes; and when SO ia.
ken up or exchanged, the said notes Of llfty
and enc hundred dollars shall be cancelled,
and the same shall be noted BY the Treasurer
on his books and on the books Of the Comp
troller.
T.. BE ii further ordained, That ifany cne
shall falsely, forge or knowingly pass or offer
10 pass, any false, forged, or coun'
. tcrfet pap,r, pm porting to be Treasury
Note or bond Of this State, he shall he liable to
Indictment in the Superior Courts in the conn
ty in whicq such offence may be committed
and on conviction thereof shall suffer all tht
pains and penalties, according to the 59t'
section OF the 34th chapter ol the Revised
Code.
s. BE furthea ordained, That in addition
to the Treasury Notes heretofore ordered to b'
issued /; shall 30 the deity Of the Treasurer tt
issue one milliea Of dollars, in small denomlna
tons, to wit: four hundred thousand dollar
! In the denomination of two dollars, four hun
drcred Thousand dollars in the denomination
of one dollar, one hundred thousand dollars il
in the denomination OF fifty cents, hity thous
and dollars in the denomination of twenty fv
= "
thousand dollars 10 the deIiomination or tci
cents, payable OH the first day OF January
1866, to be esd in liquidation Of any claims
against the State to persons willing TO receIv
the same, but not to be funded in bonds Q
the State, but shall be receivable in paymen
of taxes or other public dues; and he shal
keep qn accurate account OF the issues frou
time to time, made under this section Of thi
ordinance.
0. Be Jurther ordained, That no bank re
cciving the Treasury Notes of this State, a
contemplated in the second section Of this oil
diuance, shall be required to receive, or haV
OH hand at any one time, more than two.ilth
Of the capital stock OF such bank in sal
Eotes.
\ 10. Be IL further ordained, That so muc
of the act of the General Assembly, entille
"an act to provide ways aud means for tn
) defence of the State" ratified September Il
1861, as authorizes the issue oil one mllIio
dollars oil the denominations Of two dollar
. one dollar, fifty cents, twenty five cents, tive
, tv cents, ten cents and five cents, and ais