Brownlow's Knoxville Whig. [volume] (Knoxville, Tenn.) 1866-1869, 1867-10-23


IF the several courts shall give this act IN charge TO
he grand Jurors of the State. ,,-., -,
Sec VII Be il further enacted nae sa'u SOln-
nissioners shall have power to send Tor wines
who may have been examined anu CON Slu
ness 10 etend for reorganization, and shall nave ali
10 mowers of a court of record IN similar cases
and it shall be their duty upon sufieent cause aP
,os-inc To them 10 rehear any case they may nave
5eeded and upon additional proof to reverse Ior~
mer decision; and If they shall find any eiaim 70
nave been improperly paid, they shall enter up
iudcuent against the claimant, and each OF the WIZ
nesses Jointly who aided in procuring the same ana
shall have all the powers of court Of equity 10 en-
force such Judgment
Sec VIII. Be it further enacted, That it shall be
the duty of the Governor to cause to be engraVeu
certificates Of Indebtedness of the State OF Iehhes
see of the denominations of l, 2, 3, 3, ~ ~ oU'
100 dollars and that the date, number and letter,
together with the name of the Comptroller, shall DC
engraved thereon and that the Governor denver
said certificates of indebtedness to the COmptroeT,
and take his receipt for the same. Said receipt snail
be fled in the Office of the Secretary of State
Sec. TX Be it further enacted, That it SHAH De
the duty of the Comptroller to keep wen Oounu
book in which be shall register the NUMBER GATE,
letter and denomination of said certificates, ana oe
liver the same to the Treasurer and take his receipt
for the same.
Sec X Be it further enacted, That the Treasurer
shall sign said certificates of Indebtedness ana reg
lister the same in a well bound book, showing the
number letter, dste and amount of said certineates
which shall be paid to claimants on the warrant OF
the Comptroller.
Sec XI Be it further enacted That when claim
has been adiudicated and certified by the Commas
sioners to the Comptroller for payment that 1t shall
be the duty OF the Comptroller to register the name
of the claimant, the number and amount OF CLAIM,
in a well bound book TO be kept by him for that
purpose and file said claim in his Office and issue
his warrant in favor of the claimant, the Treas
urer, payable in the certificates of Indebtedness
Sec XII Be it further enacted That the holder
Of one thousand dollars of said certificates OF IN
debtedness may deposit the same in the office OF Inc
Comptroller, who shall cancel said certificates OF IN
debtedness and issue to the owners certificate 1or
the same and when the certificate of the Comp
troer presented to the Secretary of State 1t shall
be his duty to record the same in book kept Tor
that purpose in his Office and to sign and atiK the
/ great seal of the State to one Of the indemnity
/ bonds of the State and deliver the same to the
holder of the Comptrollers certificates and take his
receipt on his book for the same
Sec. XIII. Be it further enacted, That the Comp
roler shall enter credit his books to the Treas
urer for the amount Of the certificate of indebted
ness deposited in his Office, and Cancelled BY him.
and then deliver the same to the Treasurer, who
1 shall enter the same as a credit on his books.
Sec. XIV. Be it further enacted, That it shall be
the duty of the Governor to cause to be engraved
indemnity bonds of the State of Tennessee, of one
thousand dollars each, having twenty years to run
to maturity with coupons attached bearing interest
at the rate of six per cent. per annum, payable
semi-annually at the Treasury of the State and all
expenses incident to the engraving said bonds and
certificates of Indebtedness shall be certified to the
Comptroller and paid out of the Treasury on his
| warrant
Sec. XIV. Be it further enacted, That it shall be
the duty of the Comptroller to sign the coupons at
tached TO said bonds, and deliver the same to the
! xrbo ehail oi0n the nd dalivpr the
said bonds to the Secretary of State.
! Sec. XIV Be 1t further enacted, That when the
holder of one thousand dollars of certificates of in
debtedness shall want the same funded, it shall be
the duty of the Comptroller to cancel the same, and
issue certifcateto the Secretary of Statewide shall
sign seal and deliver to the holder of said eertif-
cate, one of the Bonds of the State Of Tennessee,
taking receipt therefor.
Sec. XVII. Be it further enacted, That q tax of
per cent shall be assessed all the real estate,
and collected other taxes said tax to be setapart
to pay the Indebtedness created under this act.
Sec. XVIII. Be it further enacted, That the GER
tfcate of Indebtedness and the coupons of interest
attached 10 the indemnity bonds issued under this
act shall be received in payment for the tax levied
under this act
Sec. XIX. Be it further enacted, That the bonds
issued under this act may be redeemed and paid by
the State at any time after FIVE years. after giving
six months notice in one newspaper published IN
Nashville, one in Memphis and one in Knoxville
Sec. Xxx. Be it further enacted, That when the
amount of claims paid by the State of Tennessee to
its loyal citizens shall be ascertaned, that it shall
be the duty of the Governor to apply to the United
States Government at Washington City for the pay
ment of the same.
/ Sec. XXI. Be it further enacted, That said Com
missioner shall receive as compensation for their
services the sum of -- dollars per day,
while in actual service and they may employ a
clerk who shall receive the same compensation,
which shall be paid out of the Treasury of the State
on the warrant of the Comptroller.
Sec. xxi. Be it further enacted, That the Treas
shall be allowed pne half of one cent for each
and every certificate certified signed registered and
delivered to claimant and that the Comptroller shall
! receive half that amount for his services.
! Sec. XIII. Be it further enacted, That the par
ties funding said certificate of Indebtedness shall pay
the Comptroller and Secretary of State the fees now
allowed by law.
Sec. XIV. Be it further enacted, That no men,
Der Of this General Assembly shall hold any Office
or place under this act nor shall he conduct or be
interested in any of the claims filed under this act
directly or indirectly, shall he file on his own
behalf nor behalf of any claimant any claim IN
der this law nor be entitled directly indirectly,
to the benefit of this act any provisions thereof
Sec. XIV. Be it further enacted, That this act
take effect from and after its passage.
MESSAGE FROM THE sovEBNoR-THE SCHOOL FL ND
/ O6u 4uOLlhs, 1TlFhL6 OSCE6sdIA W INC 0ON6TuOT,
delivered to the Senate the following message:
! STATE OF TENNESSEE, EXECUTIVE DEPART
MENT, Nashville, Oct Il, 1s67.-GentLemen Of the
Senate and House of Representatives. 1 transmit
herewith for your informatiou, the report of Thos
b. McElwee, ESQ, agent TO settle the claim Of the
State against the Tennessee ational Bank Of Mem
phis. W. G, BRowNLow
REPORT OF Mr. ArELwEE.
/ HIS E1ceLlencx W. g. BT0WnLot0 Governor, etc.
T i'll ~
the Tennessee National Bank of Memphis, now in
the hands Of w. A. Hill, Esq, Receiver, etc,
amounting in the aggregate to three hundred and
sixty nine thousand four hundred and eighty i've
dollars and seven cents-with estimate of the
probable value Of the same, making one hundred
and ninety-two dollars and nine cents-which
amount it is thought the bank with careful atten-
ton ought to pay. The securities, shown by the
list, depend upon contingencies as to their value
also enclose letter OF Thomas R. Smith, attorney
suggesting that suit be brought upon the bond Of
the bank as fiscal agent, which l have done All Of
which is respectfully submitted.
THos. B. McELwEE, Agent, etc
Nashville Oct. 7, 1867.
Mr.. SMITHS LETTER.
MEMPHIS, TENN, Sept. 81, ls67.-CoE 4. P. Nc
SIR: l herewith hand yoa
careful estimate of all the assets of the Tennessee
National Bank. think l have estimated every
thing at its full value. Out of this will have to
come expenses, etc.
1t IS of the most vital importance that the State
should proceed at once on the bond of the bank if
they expect to make the securities pay ANYTHING
Already some of the sureties have made convey
ances of their property, (which 1 consider fraudu-
lent) and Others will do You are aware that
these fraudulent conyeyances ought to be attached
at once while the facts necessary to substantiate Il
fraud are fresh in the minds of the witnesses
Respectfully, THos. r. SMITH
GROSS AssETs TENSEssEE NATIONAL HANK.
5lils receivable sl65go5 63
Miscellaneous Stock u2gfl ~
Sas1 with Comptroller 1880 50
heal estate I'm suit 1900 90
Iood eash s26 e
s35e,4s5 OF
sEcUHITIEs.