Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1868-05-21
t<taic l. Il W s +.
CHAPTER 30.
.AN ACT

Tn amend an act passed At the January
.,..;.,,, ci .,Ltc,n hundred andslNty-h'c
cL,n,or tMrty-thrcc, entitled an -Nrt to
,r,y,d bounty tole soldiers entering the
service Of the United States, to nil the
onota4 of Maryland, under the call "l
H., President Of the nltcd- States OF
thr uiuc,ceuth of December, l>"4 and
undrr future calls, 10y amending aud
rr-rnactiug- four, I'VE an" SIN
which we're repealed, or Infehd'' to ''e
repealed by thu Act OF "s''''" ,'U"
,rc,l and sixty seven, chapter one nun
dr,d and lift, -lx. and 10y adding nc"
section, and by changing theenumb'f-
ine Of ,eei'oH mn"
S,,a i Bc il enacted hy the General
Assembly of Maryland, that sections four,
five and six, Of chapter thirty-'hrtr pas
,rl January session. eighteen hundred
and ,ixt,-tiyc. be- amended and rc-cnast-
.j 10 read rs follows:
s 4 And bc II enacted, That tor the
,nrnosc of meeting the expenses TO he lu-
.,urrcJ under this Act. 1 fund Is hereby
rr,.,trd to hc called the Defence Loan,
,nJ IN, Treasurer of III State is hereby
hnT
Governor. to issue bond, or certificates OF
debt. which said honds OF ccrlheat'S "t
debt shall bc exempt from state, county
aud municipal taxation, counterSlEnrd 10y
the Comptrolcr, bearing interest at slN
nrr crntum. per aunuu, payable seml-an-
nu,IIv ON th. first day of January and
.Iuly in each year, and rcdermatl' IN not
Than ten non more than fifteen years
n, the pleasure Of the Srltc, III th' name
onl on behalf OF the State of MarylAnt,
{, AN anoun, not exceeding tour nl.ilonS
If dnll,rs or 50 much thereof As may be
necessary. and the proceeds Of such bonds
or certificates 50 issued shall hc pissed to
IN, credit Of said pclrucc Loan, and The
same is hereby appropriated tor the Pur-
poso of paving all liabilities incurred or
e. BE incurred under the provisions OF
this Act. aud the Treasurer ot the State
j. hereby authorized unicr the direction
of the Governor to invest IN the bonds to
hc issued a. afurcsAId. one nilhon Of dol
lars Of the interest oi tac 5>HNm@ fund.
or more, II in their discretion advisable. or
of any other fund or SurpiuSa-rs III the
Treasury not otherwise appropriated, ana
that all payments made hy oy o. account
of the purchasers Of the bonds or ccruh-
Gates q, debt issued under the provisions
ot this bill. shall be made to th, Treasurer
on the warrant at the tomPtgolIcr and al!
certificates of debt or bonds 50 issued.
shall be sjsncd by the Treasurer, and
couu;ersicucd by the Comptroller.
s ). And be il enacted, That a sPc-
cial tax ot five and hall cents be and the
same l> hereby levied, on every one nun
drcd dollars worth of the taxable proper
" of this State, to meet the interest an't
create sinking tuul for the redemption
ot the bonds or certificates Of debt herein
directed to he issued and the tax SHALL
be annually levied, collected an. rald over
70 the State Treasury uut,l the drat croa-
ted hv this Act shall have been paid and
a separate and distinct account >aal. he
kept thereof, aud the proceeds thereof arc
hereby pledged to the payment Of the III
forest and principal Of the said bonds or
certificates OF dcbS/
Sc. And be it enacted, Tia; no turth-
,r bonds or certificates ot debt under the
Act If eighteen hundred aui >INtl four.
chaptcr fifteen. shall be issued
See. q And lie /; enacted, That Al
persons having CLAIMS against tac ota'>
for bounty, under any law making pre-
vision therefor. shall prescut sho same tt
the Comptroller OF the treasury Tor pay
men,, on or before the first day OF Sep
tember, eighteen hundred and slxty-e'gH'
or otherwise be excluded from ali benefits
thereof
Sec. 10 And be 1t enacted. That tht
Treasurer be and he IS hereby author'Scd
from the proceeds ot any safes OF 'ond'
which may be made under the rr@N'>itn'
Of this Act, Ia re-in,bursc the TREASURY
Tor >acl, advances tr"m the ''tueT1' hes