The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1862-03-12

option OF the n0Iuer from time 10 time, un-
til the Treasury notes fall due. said bonds
being of the denominations of $500 and 81,
600 in equal proportions.
2. That all taxes due to the State or to
counties, and for school purposes, or taxes
for the poor, and all payments for entries Of
public lands, and all other dues to the State
and all fines and forfeitures for the use Of
the State or counties, shall be paid in Trea-
sury notes of the State or of the Confeder-
ate States. or in the notes of such Of the sol
vent Banks of this State as shall receive
and continue to receive and pay out as mo-
ney 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 instruc-
tions to the SherifIs and tax collectors in the
several counties on this subject, and it shall
not be lawful for any Sheriff or collector to
receive taxes in any other funds than as di-
rected BY the Treasurer under this Orii-
nance.
1 5. That all the Treasury Notes funded in
Bonds. or paid into the Treasury for 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 Provided,
That the Treasury Notes issued to pay the
the Confederate tax shall not be used 10 pay
the debts Of the State; and the Treasurer
aud Comptroller shall each keep an ac-
count of all notes re-sssued, and those re-
funded in bonds from time to time, and
the date of such transaction, and partcu
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 bnnds with the interest due
at the time Of delivery.
4. That as the exigencies of the public
service may, in the opinion Of the Governor,
require before the first day Of January,
1865, the public treasurer is authorized and
required to issue other Treasury Notes as
aforesaid, not exceeding in amount the fur
ther sum of fifteen hundred thousand dol
lars, and that the said notes shall be prepared,
signed and issued as in the said ordinance,
ratified on the first day of December,
1861.
5. 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 or
dinance.
6. That il shall be the duty of the Trea-
surer, as soon as convenient, to issue Trea-
sury Notes Of the denominations Of five, ten
and twenty dollars in equal amounts, in
stead of, and to exchange for, any Of the
Treasury Notes heretofore issued, not bear
ing interest, of the denominations of fifty
ard one hundred dollars, on the application
of the holders Of said notes and when SO
taken up or exchanged, the said notes of fif.
IL and one hundred dollars shall be CANCEL.
ed, and The same shall be noted by the Trea'
snrer on his bouks and on the books Of the
Comptroller.
+ :. That if any one shall falsely, forge, OF
. knowingly pass, or offer TO pass, any false
forged, or counterfeited paper, purporting
TO be Treasury Note or bond of this State
[ lie shall be liable 10 indictment in the Supe.
rior Courts in the county in which such Of.
i fence may be Committed, and on conviction
l thereof, shall suffer all the pains and penal.
ties. according TO the 59th section Of the
3I,h chapter Of the Revised Code.
, s That in addition TO the Treasury Note:
/ heretofore ordered to be issued, il shall be
! the duty of the Treasurer to issue one mil
lion of dollars, in small denominations, to-
: wit: four hundred thousand dollars in the
/ denomination of two dollars, four hundred
4 thousand dollars in the denomination Of one
I. dollar, one hundred thousand dollars in th,
denomination Of fifty cents, fifty thousand
dollars in the denomination OF twenty-five
cents, twenty-five thousand dollars in th'
denomination Of twenty cents, and twenty
: five thousand dollars in the denomination Q
len cents, payable on the first day Of Janua
c rv. 1866, to be used in liquidation Of an.
!. claims against the State to persons willini
J. to receive the same, but not TO be funded u
i bonds Of the State, but shall be receiyabl
!. in payment Of taxes or other public dues
!. aud lie shall keep an accurate account OF III
n issues from time 10 time, made under thi
a section OF this ordinance.
e Q. That no bank receiving the Treasur.
h Notes Of this State. a. contemplated in Ii,
. sorond seetion Of This ordinaace, shall be &c