The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1862-04-03


AN ACT to provide for the payment Of
taxes and the interest and principal Of the
School fund, in Treasury demand notes issued
BY authority Of the Government Of the Uni.
ted States, and the notes issued by the sew
eral Branches Of the State Bank Of Iowa.
SEC. l. Be it enacted By the General As
senbly Of tho State Of Iossa
That the County Treasurers Of che several
Counties in this State be and they are here.
by authorized and required to receive in pay
ment Of all taxes by them collected, together
with the interest and principal of the School
Fund, Treasury Demand Notes now issued
or that may be hereafter issued by authority
Of the Government Of the United States.
SEC. 2. The County Treasurers as above
mentioned shall also receive in payment Of
such taxes, and interest and principal Of the
School Fund, the notes issued BY the several
Branches of the State Bank Of Iowa, Provi-
ded. That the Treasurers as aforesaid, shall
not be allowed to receive the notes Of the
said Branches of the State Bank or any one
ofthem, at any time after any one of said
Branches has suspended specie payment.
Sec. 8 The Treasurers of the several Coun-
ties shall each keep -anaccount showing the
amount Of taxes RECEIVED by him in specie.
the amount received in Treasury notes, and
the amount received in notes of the State
Bank Of Iowa, which shall be examined the
same as other accounts of said Treasurers.
SEC. 4. Nothing in this act shall be SO
construed rs in any way TO allow tho sew
eral County Treasurers in this State or State
Treasurer to dispose Of the specie now on
hand or that may be hereafter collected by
such Treasurers for any Of the notes above
mentioned but the said Treasurers arc
hereby required to pay to the Treasurer Of
the State such specie on hand or hereafter
collected, except what's necessary in making
change, and any failure so to do shall make
the County Treasurer violating the prov,s.
ions of this act liable for all damages sus-
tanned by the State in consequence Of such
exchange and such Treasurers shall be deem
ed guilty of misdemeanor, and upon con-
viction thereof shall be liable to fine of not
less than $500 and imprisonment in the
County Jail not less than six months.
Sec. 8. The Treasurer of this State is
hereby required to receive Of the several
ro,,ct,, rr-~> >c,,.o~c 4. xt~:r Cx~x~ AZ. ~l.->
described notes in payment Of any claims
the State may now or hereafter have against
any county in this State for any part ofthe
permanent School Fund. And the said State
Treasurer shall pay out the said notes in she
redemption Of outstanding Auditors War
rants, Provided, That the Treasurer of State
shall collect in specie 30 far rs tho several
County Treasurers may be able to pay. Pro.
vided, further, that the provisions of this
act shall not apply "a Ex-Treasurers who
have not settled with the proper authorities
according to law.
SEo. 9. It shall be the duty Of the Sec
setary Of State, upon the suspension Of specie
payment OF any of the Branches Of the State
Bank, to notify bv circular or otherwise Oh
the County Trcasurers Of the State, and an
the notes Of said Branches said County
Treasurers may have on hand on the receipt
Of said notice. shall be received by the State
Treasurer in payment ofall dues as provided
in section Of this Aot.
SEC. 7. The provisions Of this act shah
cease to operate on the last day Of January
1864.
SEC. 8. This act being deemed OF imne-
diate importance by the General Assembly,
shall take effect from and aftcr it's publication
IN the Daily State Register, tho Iowa Home
stead and Northwestern Farmer, and .Des
Noines Times, papers published in Des
Moines City, or any two Of them.