Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-02-04

over to his successor, and whether any
interest has been received on unsold
bonds.
Sec. I'd requires these statements to be
made on oath.
Sec. Sd requires all unsold bonds, or
securities for which bonds may have been
exchanged, to be returned to the Treasury
or deposited in some solvent bank.
Sec. 4th requires the Governor TO
notify such President or other officer
within five days after the passage OF the
act, to comply with the requirements of
the first section.
Sec. 9Th gives such officer thirty days to
comply.
Sec. 9th provides that bonds and Sc
curities required to be returned to the
Treasurer may be redelivered to the proper
officer of the Company on satisfactory
evidence that O certain amount of work
has been done, the redelivery to be in pro
portion to the work
Sec 7th requires bonds, &c, so rede-
ivered, to be stamped. so as to show they
had been surrendered aud again de-
livered.
Sec forbids the Treasurer from pay
ing any bonds until SO redelivered and
s s'amped.
Sec. 9 imposes penalty of imprison-
ment and fine on any President refusing
to comply with the acquisitions of this
act; prosecution to be brought (sec. 10y
i'll the Superior Court of Wake, or may be
transferred to some other county for cause.
Sec II, the Attorney General is required
also to bring civil suit against any Presi-
dent failing to comply, and demand re-
ceiver, &c.
The remaining sections provi lie for the
manner of moving, &C., in case Of default
ing; the last section declaring the intro
duction of this bill notice against any fur
ther sale until the matter is disposed of.
The most Important amendments adopt
ed are as follows, to wit:
Mr.. Welker proposed to amend the bill
SO that when the bonds are returned, that
they shall not be sold for less than 60 cents
on the dollar.
Mr.. Cook, Henry Eppes, colored, and
A. Fl. Galloway, colored, voted against It's
adoption.
Mr.. Etheridge offered the following as a
new section, to wit:
In case any President or other officer,
| who may not come within the provisions OF
this act, shall be absent from or reside be-
yond the limits of this State, and shall,
upon the notification of the Governor, re-
fuse or neglect to answer or otherwise ap-
pear to any action instituted in this act, 1t
Shall be the duty of the Governor, and he
is hereby required. to make a requisition
and demand for any such President or
other officer upon the Governor of any
State where such President or other officer
may be at the time, or in which he may
reside.
Messrs. Cook, Galloway, (col } Lassiter,
Martindale and Smith voted against lts
adoption.
MIR. Robbins offered the following
amendment, to wit:
| That no special tax shall be levied tC
pay interest on the bonds which may al
any time be on deposit in the Treasury
according to the provisions of this act; anC
the ratio of special tax directed to be
levied in each appropriation act, shall be
diminished in the same proportion as the
amount of such bonds on deposit bears
to the whole amount of bonds appropria
ted in each appropriation act respectively
and it shall be the duty of the Treasdre1
to inform the County Commissioners O.
the several counties from time to time
what per cent. of special tax must be lal6
on property so as to carry out the pro
visions of this section in its true lnten
and meaning.
Those who voted in the affirmative are
Messrs. Barnes, Beall. Beaoley, Bellamy
Flythe, Graham, Harrington, Hawkins
Jones, of Mecklenburg, Lindsay. Long
Love, Mason, Melchor, Mclaughlin, Muir
ply, Richardson, Respass. Robbins, Scott
Welker, White, Whiteside and Wilson
% and
Those who voted in the negative are
Messrs. Beeman, Blythe, Colgrove, Cook,
Eppes, COL. Forkner, Galloway, col, Hy
man, CO., Jones, of Columbus, Jones, o
Wake, Lassiter, Legg, Martindale, Moore
of Carteret Moore, of Yancey, Smith an;
Stephens-17.
MIR. Shoffner offered q substitute for th
whole bill, which was voted down, ano
the bill as amended finally passed.
On motion the Senate adjourned.