The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-04-26

SEC. I. For dc!raylng the cN-
pcnScS OF the militia, ten thousand
dollars, five thousand OF which
shall be used for fitting up the
military hall III the EItyot Charles
ton; one thousand i'" repairing
and fitting up The "rScnal III Beaa-
tort, to be d's''"rSed by the aaJa'
tant ana 'nsrcc'"F-Senefa' upon
the order OF The u"vernor'
SEc. ). 1h'' Ill taxes assessed
ana paya"'c "'''!r; ms acV S"'''. !!
DC raid IN 'nr '"'''"!"S N''l"' ol
iundS, W.: h'I,' r'e'''"o'c oi '"c
State, United States currency. ma
tlonal bank notes, gold or silver
coin.
Approved March 9TH, 1871.
AN ACT TO CREATE A DEEr OF TIE III:
STATE OF sourli cAEoAlNA, To nh
KNOWN AS TIE STIRLING FUNDED
pEET TIE SAME Or TIE pl'o-
cEEps THEREOF, TO EE EXCLUSIVE
LY USED IN EXCHANGE foE' OK IN
PAYMENT OF THE EXISTING rlN-
Lie DEEI or SAID Si>'h'
SECTION l. BE 1t enacted 0y me
Senate amt House Of RrprescHt"''rcS
Of tie St"1e ~ S9",h Carol'no, n3~
metnn' sitting IN General ASScm1|y
and 1y tie au'h9rtty o. he $a"'e'
That the Governor OF the State
be, and he is hereby, authorized
to borrow, on the credit OF the
State Of Sonth Carolina, a sum
not exceeding one million Two
hundred thoaSanopounds slerI'hs'
*uch deDt 10 DC represented os
coupon oohoS 'he same 10 oe"r
SIX po"hdS per cch'um per '"no''''
interest," IN So!u: payaoic semi an
nuaily inc prihcipai ana interest
thereof to DC payable IN the Clty
OF London, III EnSland, and the
principal thereof to DC redcemaoIe
and payable within twenty years
from the passage OF TINS at' IN
gold com.
SEC. 2. Such debt, hereby au-
thorizea, shall be known as the
sterling funded debt. Ihc bonds
to bc issued in pursuance hereof
>hal. be signed by the Governor,
and coun,rr>igned by the State
treasurer. under the seal of thus
State. They may be issued in
sums Of not less than one hundred
pounds sterling. The coupons at
tachcd to such bonds shall be
signed by the State treasurer, or
executed ia such mannc: rs the
Governor of the State may ap.
prove, his signature TO SAID bonds
being cvidcucc OF such app"o"al.
SEC. 3. That all OF the bones
authorized by this act, or thrlr
proceeds, sha!l oc nscd eNciuSive'y
IN eScnance lof' or II, payment oi'
the existing poo''c dcoC 0l 'N's
State heretofore authoriZcu.
SEC. 4. That all the bonds mere,
by au: h'r.zed shall be placed
in the hands ofa financial agent
OF this State to be appointed oy
the Governor attor'cyScnefa''
ana trSaS"rcr' comp'roltcr-Sche-
RAJ rai' secretary OF oI"Cc: rLoIt0co'
max s''' . ll''ane'a. ?oaF' ch c,'a,, ~
ce''e no compensatory onch ~
gent sha'l reS'oc III inc oiC} oi
London atoresa'a ana INC nHa"'
clal Doaru hefeinoclofe author
lzeo, or 4 "aajViity OF thcm,
through the financial aScno OF the
State III New York, arc hereby
authorized and directed to enter
into an agreement win Such Il
nanclal agent as may be appoint
ed as aforesaid for the negotiation
OF said bonds; tor the payment OF
the interest thereon until the ma
turlty thereof; for the payment OF
said bonds at maturity, and tor
the exchange OF the same tor any
OF the p"'I'c deot OF TINS state;
or Tor the payment OF any OF S"'n
onhIlc deot' from the procceos OF
such ne" oohos IS lhey may ucem
10 oc 1or me interest oi th's otale:
fT't'"e0' 1 nat ,o"e u l'c eAis
lnS,, puo'ic ue"' "o I'''eei' ia
shall &c paio oelcre INC ma
turlty ihefeol owl OF INC ProceeuS
OF inc oohos nereoE ""'noL'zeu, ;