The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1871-04-06
STANTON VIRGINIA. THURSDAY. APRIL 6, 1871.

! Ae~No
preceding section, and that payment Of said
prescribed in the bond surrendered, will be
| provided for in accordance with such settle
ment as shall hereafter be had between the
State of Virginia and West Virginia, in re-
gard to the public debt of the State Of Vir-
gnia existing at the time Of its dismcmber-
meut, and that the State of Virginia holds
said bonds so far as unfunded, in trust for
| the holder or assignnees; and provided
| further, that until such Gnal srttlement with
West Virginia, there shall be paid, upon
| what arc known as sterling bonds, in the
manner now prescribed by law. two-thirds Of
| the interest acorueing on the principal OF said
bonds, after July first, 1871 and for the in
tcrest accrued to said date, certificates, dated
on that day, shall be issued, drawing the same
| rate of interest as the bonds two-thirds Of
which shall be paid as provided to be paid on
the bonds. The remaining one-third of un-
| paid interest, both on the bonds and certif-
Gates, shall be payable in money, and the
principal of said certificates in new sterling
bonds Of the same character as the old, in
| accordance with such final settlement as shall
be made with West Virginia.
4. The Treasurer is hereby authorized and
directed to forthwith cause to be prepared,
engraved or Autographed, registered bonds,
and bonds with coupons and certificates of
the character mentioned in the second and
third sections of this act and when prepar-
ed, shall commence the issuance Of the same
as herein provided The bonds and certif
cate shall be signed by the Treasurer, or fac
smile of his signature shall be stamped or en-
| graved thereon.
Each denomination of tho bonds herein
authorized to be issued, both registered and
coupon, shall constitute series, and the bonds
of each series shall be numbered from Que
upwards, as they are issued and the coup
ons, in addition to the number of the bond to
which they are attached, shall be. numbered
| from one to sixty seven. Each class Of GER
tifcates authorized to be issued by this act
shall be numbered, respectively, from one up
| wards and, in addition thereto, each certif-
| cate shall contain the number and date Of the
| bond or certificate on account of which it is
issued
| Each bond, certificate Of stock, and inter
est certificate. to be funded as herein provi-
died. shall first be delivered to the Second
Auditor, who shall calculate and determine
the amount for which bond shall be issued.
and the amounts for which certificates shall
be issued under the second and third sec
! tions OF this act; which calculation shall be
endorsed, dated and signed by him on the
back of such bond, certificate of stock, or
interest certificate, and he shall cause prop
or registry thereof, together with the date
and number of the bond, certificate of stock
or interest certificate, to be made and kept
| in his Office. After such endorsement and
registration, the Second Auditor shall deliv-
| err the bond, certificate Of stock, or interest
| certificate, to the Treasurer, who shall there
| upon deliver to him bond or bonds and GER
| tifcates of the character named in the second
and third sections of this act, duly signed
and numbered, for the several amounts re
spectivey, according to said endorsements
The Second Auditor, after making a proper
registry Of said bond or bonds and certificates,
to be kept in his Office, shall deliver the
same to the person entitled to them. The
Treasurer shall, by proper endorsement, writ
/ ten or stamped upon each bond, certificate Of
stock. Or interest certificate so surrendered
and delivered to him, cancel the same, and
endorse thereon the date Of such cancela-
ton, and shall preserve the same in his of
fee until otherwise directed by law. The
4 Treasurer shall also have made and preserv-
Lin his Office a proper registry of every
bond and certificate delivered by him to the
4 Second Auditor; and whenever a coupon
bond shall be issued payable to the order OF
any person or firm, he shall secure and pre-
serve the signature Of such person or firm as
a part of such registry whenever practicable.
5. Whatever sum may be realized from the
/ claims of this State against Selden, Withers
Il Co., and the Chesapeake and Ohio Canal
Company, and from the sale or disposition OF
the stocks and bonds, and debts owned by
| the State in and against any al!-railway and
other Improvement companies, and all sums
| which may be realized from the claims OF
1 this State against tbs Unitod States, and from
any sales Of any real estate now belonging TO
the Commonwealth, shall be paid into the
j treasury Of the State to the credit of ithe
sinking fund hereby authorized and created,
In the year 1880, and annually thereafter,
i until all the bonds issued under and by au-
thority of this act shall have been paid, there
shall be levied and collected the same as
other taxes a tax of two eents on the one
hundred dollars Of the assessed valuation Of
alllthe property, personal, real aad mixed.
in the State, which shall be paid into the
treasury of the State to tho credit of the
sinking fund. The Treasurer, the Auditor
Of Public Accounts and Second Auditor are
hereby appointed commissioners of tile sink
ing fund, and shall have Ca majority aeing)
the control ard management thereof, and
shall annually, or oftener, apply whatever
sum or sums may be to the creuit of the sink
!, ing fund tie the purchase and redemption O!
bondsissued by authority Of this act
8. All necessary expenses incurred in the
execution of this act shall be paid out of any
moneys in the treasury not otherwise appro-
priated, on the certificate of the correctness
! of the same, signed by the Treasurer and
Second Auditor, and approved by the Gov
ernor. A
4 This act shall be in force from and af-
ter its passage.
The New Orleans Picayune says: An old
man was arrested yesterday, charged with
abusing his family The complaint was his
daughter, pretty girl Of some fifteen years
of age. She cried good deal, and the unus
ual agitation enlisted warmly the sympathes