The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1870-07-28

Observation-Disclosures Governor.
And the aggregate amount of such certifi
Gates shall not exceed five hundred thOus
| and dollars.
| Sec. 2 Be it further enacted, That sait
| certificates, when prepared upon such paper
| and with such devices as the Auditor MAY
determine upon, and signed as aforesaid
| shall be numbered and registered in the
| office of the Auditor of Public Accounts
| and by him paid into the State Treasury
| upon the warrant of the Auditor, as in 9th
! er cases of payment into the Treasury, md
shall be charged to the Treasurer. as othr
payments, and the Treasurer shall enter
| said certificates as such assets. and shall e<-
| change them, in all cases when practicable
for the warrants issued by the Audito' of
| Public Accounts of this State.
Sec. 3. Be it further enacted, That said
| certificates OF Indebtedness shall be received
by Taz CnlloOtOTe. and all other officers in
payment of any taxes or other dues TO the
State, except the special tax ordered in sec
ton IL of this Act for the full sum ex-
pressed on their face, and in payment for
anything sold by the State and the faith OF
the State is pledged for the receipt and re-
demption of all such certificates of indebt-
edness.
Sec. A. Be it further enacte d, That the
sum of five thousand dollars, or So much
thereof as may be necessary, is hereby ap-
propriated for the purpose of defraying the
expenses to be incurred in carrying the
foregoing sections of this act into effect, t.
be paid upon account rendered and approves
by the Auditor of Public Accounts. whe
shall issue his warrants therefor upon the
Treasurer.
Sec. 5. Be Il further enacted, That for the
purpose Ofretiring the certificates of indebt-
edness authorized to be issued by this Act
the State Treasurer be, and is hereby auth
orized and instructed to prepare bonds. il
the name and on behalf OF the State, under
his signature, and the seal of the State, To-
the amount of five hundred thousand dollars
for which the above mentioned certificates
of indebtedness shall be eXchangeable at
their par value.
Sec. 6. Be it further enacted, That here
after it shall not be la VIAL for the Treasurer
of the State to receive from any Tax Collee-
tor, or his agent, or from any other officer
in payment for taxes, or any other dues to
the State, the certificates OF indebtedness
provided to be issued under this Act, or any
warrant heretofore or hereafter issued by
the Auditor of Public Accounts, unless such
lax Collector, agent or other officer, shall
make oath (which oath the Treasurer is
hereby authorized to administer.) that he
received the said certificate or warrant at
their full value indicated upon their face.
and any Collector, agent or other officer,
either State or county, who shall exchange
money by him collected for the certificates
of indebtedness issued by this Act or any
warrant heretofore or hereafter issued by
the Auditor of Public Accounts, and shall
by such exchange, derive any profit, CON-
mission or advantage however small, either
directly or Indirectly, shall be guilty of a
misdemeanor. and upon conviction thereof
before a Court of com etcnt Jurisdictions shall
forfeit his office and be fined in any sum not
less than one thousand dollars, or by i'm
prisonment in the State Penitentiary not
less than one year, or by both fine and i'm
prisonment at the discretion OF the Court
and no evasion, subterfuge or chicane shall
relieve the party from the penaltles herein
1xa1 PT nse inf q RI nrQ
vent public officers from depreciating the
securities OF the State.
Sec. Z. Be it further enacted, That said
bonds shall be issued in five series of one
hundred thousand dollars each, 70 be desig-
mated series A, series b, series @, series ID,
series E.and shall be redeemable at the Office
of the State Treasurer as follows, viz:
Series A, on the first day of January,
1872.
Series B, on the first day of January,
1873.
Series C, on the first day of January.
1874.
Series D, on the first day of January,
1875.
Series E, on the first day of January,
1876.
The Treasurer shall issue the bonds in
regular succession as above set down. and
shall dispose of all the bonds of one series
before proceeding to issue those of the fol-
lowing series. Said bonds shall bear inter-
est al the rate OF eight per CENT per annuLn
and shall have interest coupons attached
thereto. signed by the Treasurer and paya-
BILE at his Office semi-annually in current
money of the United States, on the first day
of January, and the first day Of July of each
year. Ali bonds issued by authority of this
Act shall bear date on the first day of jan
nary or the first day Of July next following
the time of their issuance, and from each
bond issued more than one month before
the day of its date, the Treasurer shall dis
count the amount of interest that would
accrue upon il, at the rate of eight per cent
per annnms during the interval of the time
between the time Of its issue and the first
fiay of January or July next following.
Sec. 8. Be it further enacted, That said
bonds shall be issued in such denominations
as TO the Treasurer shall seem most advisa-
be: Provided, That no bond shall be issued
for q less sum than fifty, nor greater than
one thousand dollars and the said bonds
an All be countersigned by the Governor and
shall be deemed q pledge of the faith and
credit Of the State Of Mississippi for the pay
ment thereof.
Sec. 9. Be 1t further enacted, That all GER
tificates of indebtedness exchanged for
bonds under the provisions Of this Act
shall be cancelled by punching clean out Of
each certificate. o circular piece not 1ess
than one inch In diameter, care being taken