The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-02-08
$23,OOO,OOO.

WhercaS, The bonds of the Commonwealth,
and certain certificates of Indebtedness,
amounting to TWENTY-THREE MILLIONS
OF DOLLARS, have been overdue and unpaid
for some time past;
A7ad whereaS II is desirable that the same
should be paid, and withdrawn from the market:
therefore,
Section l. BE 10 enacted by the Senate and House
OF Representatives. Of The Commonwealth Of Penn
SylUa7ia in General assembly met and 10 is here6V
enacted bU The authority Of the same, That the
Governor Auditor-General, and State Trea-
surer be, and are hereby authorized and en-
powered TO borrow, on the faith of the Com
monwealth in such amounts and with such
notice (not less than forty days. they may
deem most eXpedient for the interest OF the
State, Jwenty-three millions of dollars, and
issue certificates Of loan or bonds of the Com
monwealth for the same, bearing interest at
rate not exceeding six per centum per annum,
payable semi-annually, on the lst of February
and LIST OF August, in the city of Philadelphia;
which certificates of loan or bonds shall not be
subject to any taxation whatever, for State,
BILE as follows, namely:-Five millions of dollars
payable at any time after five years, and
within ten years; eight millions of dollars paya-
BILE at any time alter ten years, and within fif-
teen years; and ten millions of dollars at any
time after fifteen years, and within twenty-five
years; ana shall be signed by the Governor and
State Treasurer, and countersgned by the
Auditor: General, and registered in the books of
the Audltor-General, and to be transferable on
Farmers and Mechanics National Bank of
Philadelphia; the proceeds OF the whole of
WHICH, loan, including premiums, etcetera,
received on the same, shall be applied to the
payment of the bonds and certificates of in
debtednesS OF the Commonwealth.
Section 2. The bids for the said loan shall be
opened in the presence OF the Governor, Audi
tor-General, and State Treasurer and awarded
to the highest bidder: Provided That no certifi-
cate hereby authorized to be issued shall be
negotiated for less than its par value.
! Section 8. The bonds of the State and certiti-
Gates of Indebtedness, now overdue, shall be
receivable in DaymeQt of the under
such regulations as the Governor Auditor
General, and state Treasurer may prescribe;
and every bidder for the loan now authorized
TO be issued, shall state in his bid whether the
same is payable in cash or in the bonds, or
certificates Of indebtedness of the Common
wealth.
Section A. That all trustees, executors, admin
| istrators, guardians, agents, treasurers, COM
| mittees, or other persons, holding, in fidu-
ciary capacity, bonds or certificates of indebt-
! edness of the State or moneys, are hereby
authorized to bid for the loan hereby authorized
nd TO T the n bonds
making such bid, and to receive the bonds
authorized TO be issued by this act.
Section 5. Any person or persons standing in
| the hduciary capacity stated in the fourth Sec
ton OF this act, who may desire to invest
| money in their hands for the benefit of the
| the same in the bonds authorized to be issued
| by this act, at a rate of premium not exceed
| ing twenty per centum.
Section 6. That from and after the passage OF
this act, all the bonds of this Commonwealth
shall be paid off in the order of their maturity.
Section 7. That all loans of this Common
| State, municipal, or local taxation, after the
| interest due February 1st, one thousand
eight hundred and sixty-seven, shall have been
Section s. That all existing laws, or portions
| thereof, inconsistent herewith, are hereby re-
JOHN P. GLASS.
Speaker of the House of pTesentatiyes
| Speaker of the Senate
Approved the second day of February, one
Thousand eight hundred and sixty-seyen.
| JOHN W. GEARY.
In accordance with the provisions of the
above act of Assembly, sealed proposals will
be received at the Office of the State Treasurer
in the city OF Harrisburg Pennsylvania, until
u o'clock M, of the lst day of April, A. ID. 1867
TO be endorsed as sfollows:-"Proposals for Penn
sylvania State Loan" Treasury Department.
harrisburg, Pennsylvania, United States Of
Bids win be received for So, 100000, reimburse
BILE in five years and payable in ten years
So 600 900, ,reimbursable in ten years and payable
in fifteen years. and Sl0,00O,000, reimbursable In
fifteen years and payable in twenty-five years
cent. per annum, which must be explicitly
stated In the bid, and the bids most advanta'
geous to the State will be accepted. No bid FOL
less than par will be considered The bonds
will be issued in sums of S50 and such higher
sums as desired by the loaners, to be free from
| State, local, and municipal taxes.
The overdue bonds of the Commonwealth o.
Pennsylvania viii be received at par in pay
ment OF this loan, but bidders must state
whether they intend to pay in cash or in the
overdue loans aforesaid.
No distinction will be made between bidders
paying in cash or overdue loans.
JOHN w. GEARY,
Governor of Pennsylvania.
JOHN +. HARTRANFT,
Auditor-General'
w. II. KEMBLE,
State Treasurer.
N.B.-No newspaper publishing the above
unless authorized, VIII receive Day.