Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-03-24


less the same can be purchased aud redeemed
ut n rate not exceeding the rate ut which
such now bonds shall be negotiated; and, for
the purposes Of this act, aud in payment of
interest on said bonds, and in tho redemption
thereof tho pound sterling shall be deemed
to be the equivalent to five dollars in gold
coin of the United States: Pro0ilctl, That
the financial ngoncy created by this act shall
not be placed in the hands Of any one per
son, but shall be entrusted to the manage
ment of II responsible banking house, of first
class reputation, in the new and old world
SEC. 5. That an annual tax, in addition to
all other taxes, shall be levied upon nll the
taxable property within this St,tc sufficient
to pay the interest OH the debt hereby au
thnrzcd, at the time when such interest shall
become due aud payable. and such interest
shall be reunited to said financial agent III
London, and further similar tax shall be
| levied III the same manner sufficient to pro
vide for sinking fund of two per ccntun in
gold per annum on the full amount Of the
debt hereby created, which sinking fund shall
nc rcmitted to the said financial agent Of the
State in London, to be applied TO the re
dcmption and pnymcn, of two per ccn,um
of The principal of the sad bonds at par
| The bonds thus to be p,il shall be annually
drawn, by lot, ut such tune and place, and
under such regulations as the Governor Of
,,,;,,n NM, 80, IN ,,oh l.,,r;,,., ,ho ,,,,r;,,
Minister r. ,bc Court of 81 lanes IN En
,,l,nd or tho S,cre,.rv If thn Ancy;.,n
nr,t;on !, J,ona,n or thc American consnl
81 London shlI bc Invited 70 hc nrcsent
aud to certify to such drawings.
Src G Fran time to time and when any
of The cxistiu" publjc d,Lt Of the State shai,
bn rr,].ercd Inv tb, cxch,uuc of tho bands
hcr.hv ,ntb,rzrd or sh,j, y, mad fro, +, thc
nroccrds thcrcof. such debt, so redeemed or
nnid and I'M, evidence thereof shall be forth
win absolutely cancelled. and shall not be
| rossu,d il, nnv farm and the total amounts
, thus r,dccm,; !; - nail shall be annually re
port,d NV IN, c,n,,,r,ln. .r,,,,- ii
SEC. I Thai III. r,;,h avail o,a f,na,
of III, S,.,n ~ S,,,h ,,>I,,, '
v,,,rriv mi ;.r~,,,,,,,, ,,',,
nunc,u,l n,v,,,n, ,f H., ~ wy
rst of tbr j.ht h,r,h, oro ,,., LILY ~,
,nrnl ,r1.m,,,;n,, ~, =, ~ ~
yh;nh s,,n;n,, t',a i.'',",'' '"''v1' ,''
i..nn ,,, ,,,, ,!.,,,' "',' '','
n,,', " " ""9 '" ''o o"""'
6.n.,. j., f,vur +f .,,, L,.,,, ni,h II', ~
,r ,h.,, ,ln nr,.;,; @ III '',''s
fnny nn,l;nI viii, ~, ~, 30 "o' y: :''so 'eNn
,L,; sn,h hnnl. ,r, l,,.Ii, , Nv ~ "ns''s' '.'"
Src. s The 'onor ana cr,,,;t of ,,;. ct,t,
is also bnrrbv nl.l,.d :, ~, h,llnr, - 49,,
tlt or,h,,r;yol H., Ill. 49,, ,,,,, III. c.n
will not hereafter j,y it,,.,f nr,nrs -. .,,.,ts
until $ id ,Ie,1 is fujly MID and a;.,h.r,oa
create any unw Icht ar nhli..,,in an ~ i, III,
loan of iis ere il bv .,u,r,n,r ,,l,r.o,,,,t
or otherwise. cy.rutin,, f,r ~. nu~,,,,n ,,r
mc,iint, is ol,;u,,iu, or i, ,n,, ,,r H., or
du,rv ana currrn, hn.;n,., -. ~, az,
wiihnu, first suhn,t;,,, III, nno,,;,,,
tho crcn,i,u az ,uch ,,c,y dnh, ,,,,r.n,, ~
cnlorscmrnt or Loan If lis crna;t :, ,h: mo
pie of this Sttr, at /, general st,,e clnc,;nn
and unless tso thirds Of tho ou,,,;G,I vn,.,s
of the State vutiur on Ills question Shall he
in favor of a further ,lcbt on,rntv .,dr.,.
mcnt or loan Of its cr,,,it nn,c such .l,.,l h..
created or made
SEC 8 The commission herein apnoiutcd
or mnjo:ity of them, are hereby aul,,hnrixcd
to pay such suns MS may he n,c.ss,rv for
the purpose Of carrying this net into cile,t,
ont of any funds OF the State not othervisc
appropriated
SEc TO- For the purposes of this act and
tn carry on, thu same, all acts, or D.r,s nf urt.
inconsistent with th- act. are hereby rrn,ul,.d
| Approved March I, 1871.
-
pnoaREss OF TIE AIN LINE E,,rpo,n
IN SrAnrANEuRG-TLc T,y,l;vu ,y,,,,,a,
%. The lCih SAYS: