New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-31
THE STATE BOUNTY LAW.


The following is an official copy of the Amend
atory STATE Bounty Law passed by the Legislature on
Wednesday and Immediately signed by the Governor
II will greatly facilitate recruiting by removing the
obstacles hitherto in the way Of rapid enstments
Three million dollars said have been subscribed
by our citizens in anticipation Of its passage:
Az ACT amend chapter twenty nine Of the laws q eighteen
of hs . s@. Of Eighteen hanied and and @
amend chapter fifty 'r OF the laws Of sseen hundred
and sixty fye aud in relation TO providing the means
for the payment Of bountes and for Iebui.us and
snsf , 1hspt' Gr b. ssnps - pe. eS
The People Of tie State Of Nsp York. rspresnfd IL Senate
and Assembly do enact a. Joiiors:
SECTION Section Of chapter % OF the laws of 1865.
passed February TO- 1905 is hereby amended 50 as to
read &c follows:
SEC d. bounty 10 the amonnt hercinbefcre provided
shall he paid to any person and TO any drafted man who
has furnished or who shall furnish acceptable substi
tue or to any person who shall be drafted to apply on
the quota under the call Of December 49, A. d. ls6i
which substitute or drafted man shall have been accept.
ed by the authorities Of the United States and credited
20 the town. city county in which said person or
drafted mon shall be enrolled and which substitute or
drafted shall 60 Ia reduce the quota In such town.
City County; which bounty shall be paid under such
regulations shall be prescribed by the Governor. as
chief by general orders. But II any such
person drafted man has received any sum from any
city county or town. he shall receive by virtue hereof
no more than enough to make the amount TO be paid to
him equal to the bounty hereby provided for.
SIC @ Section OF chapter Al Of the laws Of 1865.
passed February a. Ices is hereby amended 90 as TO
read as follows:
SIC. g. A bounty. to the amount hereinbeforc pro
ylded shall be paid to any person drafted man who
has furnished who shall furnish an acceptable sub
stitute or to any person who shall be drafted to apply
on the auota under the call Of Dec 10. A. d. le which
substitute or drafted shall have been accepted by
the authorities Of the United States and credited TO
the town. city or county an when sad person OF druied
man shall go reduce the quota In such town. city or
county which bounty shall be paid under such regua-
mi nder. Chief by general orders But II any such
person or drafted man has received any sum from any
city, county town. he shall receive by virtue hereof
no than enough 10 make the amount to he pad TO
him equal TO the bounty hereby provided for.
SEC. 3. Chapter 81 OF the Laws OF 1865 IL hereby
amended that the several sections thereof herein
specified shall read as follows:
SEC. !. There shall BIO imposed. levied and collected
for the fiscal year commencing on the first day OF DC.
tober 1866. tax Of two per cent upon the assessed
value OF the real and personal property IN the state Of
Ncw.York or SO much thereof may be necessary 10
prov de for the payment md reimbursement or refund
ing or crcdtng OF the bountes directed 10 be paid
imbursed refunded credited by tho act, chapter -
Of the Laws Of 1865 and by the act chaper al OF the
Laws OF 1865 which tax shall be levied. collected and
mid into the State treasury In the same manner that
all other State required to be levied collected
SIC. O. For the purpose Of rasing the money re-
qured therefor without delay the Controller author
lied issue bonds in anticipation oI the said tar 10
such amount may be necessary and In sdch sums
and fbrns may be most convenient at rate VI In
tcrest not exceeding seven per cent per annum.
SEC T. The sum Of thirty millions OF dollars or so
much thereof Us may be necessary hereby appropra
ted from any moneys in the treasury not otherwise APP
propriated for the purpose Of paying the aforesaid
bountes the principal aud interest Of the said bonds
and the necessary expenses OF the Controller IN carly
nine aforesaid not including however, any expenses OF
the military authorities.
SIC. l. Any moneyed Institution incorporated under
the laws OF this state may invest the moneys held by 1t
in the said bonds in the stock Of this State to
extent which 1t may deem proper, without regard to the
amount ~ which it may have been limited in making
such Investments by its charter. And the Controller
NAV issue to cites counties and towns for the renr
bursting or refandlng " tho same u tho bounies paid