Delaware State journal and statesman., 1864-08-16

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The said bonds shall each he dated the same
day, shall he signed by the Governor, secretary
OF State aud State rrea Hrer On behalf OF the
State, and shall have the Grea, Seal affixed aud
may be post dated SO az to hear intaSeat from
the first day of Jauuniy A d. 1865.
SECTION 10 Ind bs il fipfher enacted By The
authority dioresaii That TIM State Treasurer bo
and hc IL hereby authorized empowered aud 10.
Quifed to sell and deliver such number Of said
buuds aB may be neccseaTy to provide the flndl
required TO IRy the warrants authorized to he
drawn upon him by the Commissioned named
and appointed in Section OF this act. The
sale OF said bonds shall be made publicly in tho
city Of Wilmington TO the highest bidder, due
notice Of said sale, fixing the day, hour aud
place, having first been given by advertisement
for ten days in all the papers of this State aud
10 the "Public Ledger" aud "Ihe Age" news
papers published in the CITY of Philadelphia, aud
In the "Journal Of Commerce" newspaper
| published in the City Of New York. Provided
TINT the bonds sold ut any one time shall not
exceed in amount the sum Of two hundred and
| fifty thousand dollars
SEoTION IL, And be il further enacted 5y Me
authority dtortsqid, That It shall be the duty Of
tho State Treasurer, after the said bonds shall
have been signed by the Governor and Secretary
Of State, with the Great Seal affixed. to deposit
said bonds in the Farmers Bank Of the State Of
Delaware, at Dover, without his own name af.
fixed thereto, and the sail bonds slnll not be
| taken lhereirOm except for the purpose OF sci
ling, as provided ia Section 10 of this act, nor
shall the State Treasurer sign his own name to
said bonds until the day in which he shall offer
the same for sale RS aforesaid
SECTION IL. -dnd be il further enacted Jy The
authority dtoresald, That the faith Of this State
ia hereby firmly and faithfully pledged Tor the
payment Of the principal aud interest Of said
bonds.
SECTION 1S. And Be il fpter enacted by the
authority aforesaid That fer the purpose Of
meeting any demands upon the Treasurer created
iu consequence of this act, until the bonds au-
thorited by this act can be sold the State Treas.
urer be aud he Is hereby authorized, empowered
aud required to borrow from time to time aud
Gu such time as he may deem necessary, not
exceeding sixty days, any sum or sums not ex-
ceeding one hundred thousand dollars which
may be required for that purpose to be paid cut
of the proceeds Of the sales Of the bonds OF this
State aforesaid.
.ssGorloS IA, Aad be 4 .tarthsr enacted By Mt
authority gtoresaid, That the proceeds Of the
sales OF the bonds authorized by this act ARE
, hereby appropriated 10 the payment Of the war.
iants authorized by this act to be drawn upon
the .Statc Treasurer and To the expenses neces-
|
= uf the duties imposed upon him by this act, and
! to the payment Of any money borrowed under
4 the prOvlsons Of Section Is of this act.
SECTION l6. Ind be il tUriaer endcted by The au
A9Jiy giOTesItd That the State Treasurer shal
receive ior his services under this act one -,entl
Il oi one per centum on the amount received iron
the sale Of said bonds and shall be allowed II
u addition thereto all expenses necessarily incur
II red IN the performance Of the duties REQUIRED o
Y ! iul hy IA upf. pr4-f1aH ,L,.
y amount Of cOmpensalion to snid State Irensura
y above tho expenses incurred as aforesaid shnl
not exceed the sum Of fye hundred dollars. Ii
. shall keep au accurate account Of such expense
IS aud EXHIBIT the eNme 10 tue Auditor nt Accom-.
II with his vouchers for settlement. lie shalll
l. port t0 the General Assembly Of the State. u
10 the tAird Tuesday IN January next, the nnmbl
u and denomination OF tie bonds sold aud In
o amount reati2ed therciIum, with the names Of III
te purchasers of sid bonds aud The amount apple
a by him TO the payment ol tic warrants author
l. ized " be drawn upon MIN by this not. lie sun
IL be liable upon his official bond ior the faithlu
z performance Of the duties imposed by this act
IL SECTION IT, Aad be II further enacted 0y III
ID authority aforesaid, That II either of the Com
= missijnera named in this aot shall diO OF refus
l. OF neglect TO serve, the other Commissioners q
Commissioner shall have power and are hcreb
IL authorized to fill the Vacancy from tho count
W IN which the vacancy shall occur.
u sRorIoR II. .4nd be II further enacted by Il
be authority gforesaid, That the State Treasure
rS shall not sell the bonds aforesaid to great,
al amount than innY be necessary to pay tho de
VI lnunis upon thcTrensury created by this nc t. m
TO it shall be the duty OF said State Treasurer in
as mediatey after iull provision has been nude b
~ the sale of a sufficient number Of said bonds
s pay such demands to cancel in the presence {
es the President and Cashier Of tue Farmers Ban
r of tho State Of Delaware, at Dover all bonds q
no the State remaining unsold and on deposit in sal
he Bank.
Passed at Dover, August l2, 1864.
u, JUuN SoRDEN,
oi Speaker Of the House of Representative
III joins GREEN,
" Speaker of the Senate
&c true copy,
J. SAMUEL NJ. HARRINurOa Jr.,
s. s,., = q,