The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-02-24
NJ oTIOE
To Holders OF Stocks, Bonds and
Coupons of the State.

R1 the provisions of the Acts of Septem-
~ Der and December, 1866, providing for
the funding of the interest and principal of
certain Stocks and Bonds of the State ma ST
due, the holders of Stocks, Bonds or Cou-
pons can receive either Bonds with Cou-
pons attached, or Registered Stock. as
may be preferred by them
No Bond will be issued for less amount
than 500, nor for fractional parts thereof:
and no Certificate of Stock will be issued
for less amount than $50, nor for frac-
tonal parts thereof; but ''holders of Stock.
Bonds or Coupons must pay the differ
ence, II there be any, between the amount
presented and the Bonds or Stock"
The following is the Indebtedness of the
State rcclted i'll the above mentioned Acts
to be funded, viz:
PRINCIPAL
OF Bonds issued under Act of December.
1853, ito grant aid to the Blue Ridge Rail
road, past due since 1st January. 1865:
and OF Stock issued under Act of June
1888, for rebuilding the city of Charles,
ton, past due since 1860.
INTEREST
On Bonds under Act of December. 1859.
mentioned above; on Bonds under Act of
December. 1854, ''to authorize aid to the
Blue Ridge Railroad;'' on Bonds issued by
virtue of Act of December 1855. for the
construction of the new State House. and
the Bonds issued under Act of December
1858, ito provide funds for the erection of
the new State Capitol;. on Stock issued for
the construction of the new State House,
by authority of Acts of 1856, 81. '5S. 80.
81 and G3; on Stock issued by Act Of June,
1888. for rebuilding the city Of Charles
ton. excepting that portion of said Stock
ALREADY referred to - past due since 1860.
and on 1t 10 interest is TO be calculatcd:)
and Oh the tlr"" p per 1ent. Stock issued
by the State.
f,,,.
as due up TO the Is; July, 1867, at which
tlmc the new Bonds and Stock begin TO
bear interest, payable semi-annuallv there
alter ihe interest on the new Certificates
of Stock for the principal of Stock of Act
1858, already mentioned as past due since
1850, Will bear interest from the lst Janua-
~, 1867
The small amount of the Stock of 1928
past due since 1860, being specially pro-
vided Tor by these Acts, the holders there
OF VIII receive new Certificates OF Stock in
the amounts called for by the ones thcy
now hold, upon their presentation.
Persons desiring to transfer interest due
them, by order, must state on the face of
the order the definite amount thus sought
to be transferred, atfiXinS thereto, in all
cases, the requisite United States revenue
stamps. Orders defective in these parti-
culars, or drawn for the transfer of .riHinc
amounts of interest, viii not be recognized
by the Office.
The attention Of stockholders is special
ly called to the following resolution.
passed at the last session of the General
Assembly:
'Resotced, That the State Treasurer be
authorized to fund The interest on the
Stock of the State past due, as provided
TOR IN the Act of September, 1866, and the
Act passed at the present session of the
General Assembly, in the name OF the
parties or persons holding the principal or
entitled to the interest on the said Stocks
on the first day Of January, 1861"
1t Will be observed that this resolution
IN no way effects the sale and transfer Of
Stock, but simply means that, as the inte-
rest IS already calculated on all the funda-
bic Stock TO the lst July, 1867, preparatory
to funding, parties dealing therein prior to
mat date must arrange between them
selves the interest to which the amount
sold and to be transferred, would. in the
absence of such circumstances, be entitled
on the 1st July, 1867; and in accordance
with the Acts providing for the funding, to
avoid the duplication of interest, all Ccrti-
tlcates issued on transfers made prior to
the lst July, 1867, must begin to bear in
terest on that date.
Persons holding Stocks, Bonds or Cou-
pons included in above statement, are re-
quested to present their CLAIMS.
VIM. HOOD,
Treasurer State of South Carolina.
rep Z4 ms2