Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1866-01-06

turn, on oath, as aforesaid, it shall be the duty
of such Assessor forthwith to assess the prob
able value of such cotton, crude iturpentlne
and resin subject to such tax in the hands IF
such person us aforesaid, which said assess
ment shall be held to be true, and the tax be
estimated thereof, unless such taxpayer or
person liable to- such tax shall, within ten days
after notice thereof, make return, on oath, to
such Assessor of all his cotton, crude turpen.
tine, spirits Of turpenGne land resin so liable
to tax as aforesaid
VIII. That it shall be the duty of the
Treasurer to cause the official bonds Of the
several Tax Collectors of this State to be ex-
amined by the Commissioners appointed in
their respective tax Districts to approve pub.
lie securities, and if the said bonds are found
to be sufficient and satisfactory they shall re.
affirm their original approval tnere9f; but if
fouqd insufficient anl unsatisfactory, they
shall require the same to Be re-executcd and
renewed with good aud sufficient securities.
TX. The Treasurer Of %he State is hereby
authorized to borrow, on the faith and credit
of the State, sum not exceedlngone hundred
thousand dollars, payable not more than twelve
months after date, and to deposit such collat-
eral securities as may be received and trans
ferred to the State by the President of the
Bank of the State for the same purpose . Pro
vidcd, however, IF the said loan has already
been negotiated in accordance with joint res
! olution Of both Houses of the General Assem-.
bly,, then tho authority granted to the Trcasu-
rcr shall not be exercised, unless to substitute
for the note of the President Of the Bank OF
the State the note or obligation of the Treas,
80 10 H.
| hat the Treasurer shall execute anoblig
TO- tile President Of the Bank Tor all collateral
securities he may obtain from said Bank in
behalf of the State. O.
X. The taxes prescribed to be levied and
collected by this Act, as we'll as the sum Of
one hundred thousand dollars authorized tc
be borrowed by this Act, and also all bills re-
ceivable which may be hereafter issued by
virtue of any Act that may be passed at the
present session of the General Assembly, bhall
be paid out by the Treasurer onlyin obedi-
ence to an Act of the Geueral Assembly at its
present or some future session. &
ri. That the President and Directors Of
the Bank of the State of South Carolina be-
and they are, hereby authorized and required
to close the Branches and agencies Of said
Bank, and that the principal Bank in Charles.
tou shall cease TO ba Bank Of issue, but shall
continue to act as d Bank of deposit until fur.
ther action of the Legislature; and the said
President and Directors are hereby authorized
and required to collect the assets and property
of the Bank, and hold the same specially ap-
propriated, first, ito the payment of the princi-
|,pal and Interest Of the bonds known as the
Fire loan Bonds, payable in Europe; second,
to the payment of the principal and interest
of the Fire Loan Bonds, payable in the Uni
ted States and third, to Che redemption Of
ont standing notes hitherto issued by said
Bank. Yhat the Bank aforesaid is hereby re-
quired to receive on special deposit, and to
pay out on checks founded on such deposits,
such bills receivable. or other evidences Of in-
debtcdncss as the State may order to be issued
in payment of amounts due. That the said
Bank shall, as agent Of the. State, continue to
receive aud hold on deposit, rs now provided
by law, the funds of the State; and the Pres.
ident and Directors are hereby authorized'im aud
required to make arrangements, by an agency,
for the reception, safe excepting and paying out
of said funds III Columbia, on the araftror or
der of the Treasurer; and they shall also pro-
vide offices for the Comptroller and Treasurer,
and for these purposes they are hereby author
lied to use any part Of the new State Capitol,
or any other building belonging to tho State
which may not be in use by the State. .t
AN.ACT TO AMEND THE STAY LAW.
I.,,Bo it enacted by the Senate and House
Of REPRESENTATIVES now met and sitting in