The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-12-30
THE BONDS OF GEORGIA.
omc,al Notice to the Bondholders.

AN ACT TO PROTECT THE PEOPLE OF THE
STATE OF GEoRG1A AGAINST THE ILLEGAL
AND FRAUDULENT ISSUE OF BONDS AND Sc
CURITIES. AND FOR OTHER, PURPOSES con-
sNECTED WITH THs SAME.
Whereas. Divers bonds, purporing to be
bends of the Slate Of Georgia. aud divers
bonds bearing the endorsement OF the State,
have been issued and put In circulation by
Rufus B. Bullock, late Governor OF said State,
and divers bonds Issued prior to his admins
tratlpn have been negotiated by him; and
whereas, it is believed that large portion Of
said bonds have been illegal y and fraudulent
ly issued and negotiated, and the extent OF
said bonds so issued and negotiated Is un-
known to this General Assembly:
SECTION /. Be 1t enacted, by the Senate and
House cf Representatives of the State of
Georgia, That there snail be committee ap-
pointed of three, one by the president Of the
Senate and two BY the speaker of the House
of Representatives, who shalt have full power
and authority 10 examine and ascertain the
number OF bonds which have been issued as
hereinbefOre cited in the preamble OF this act,
and the aggregate amount thereof, and SO far
as they have been sold or hypothecated. by
whom sold, the amount OF money paid. to
whom paid, when paid, for what purpose
negotiated, and all other facts connected with
the history of said bonds, and to report The
same to the General Assembly at It's next
session.
SEC. 2. Be it further enacted, That said
committee, so appointed, be authorized aud
required to meet and sit In the City OF At
lanla during term not exceeding sixty days,
commencing March l, 1872, for The purpose
named in the first section OF this act, and said
committee are hereby invested with iull
power and authority to examine witnesses
under oath, to send for persoLs, books and
papers. and to exercise such other power as
may be necessary to carry into effect the pre-
visions of this act.
SEC. 8. Be it further enacted, That 1t shall
be the duty OF said committee Immediately
alter the appointment to give notice OF the
time and place Of sitting by publishing this
preamble and act. at least two months prior
10 their sitting, In TWO newspapers in the City
OF Atlanta two in the City of New York. two
in the City of London, and one In the City OF
Frankfort.
SEC. l. Be it further enacted, That all per-
sons holding bonds Of the State of Georgia, or
bearing the Endorsement Of said Stat. issued
since July, 1868, are hereby required to report
the same to said committee for registration on
or before the first day of April, 1872, and upon
failure so to report said bonds. and TO submit
the same for registration, the same shall be
deemed pri,na .tdcie to have been Illegally OF
fraudently issued.
SEC. 5. Be it further enacted That the treas:
urer of said State be and he is hereby prohl6-
lied from paying any interest on any bonds
| Issued, negotiated or Endorsed by the State
since the 4th day Of July, 1865 until said COM
| mittee shall have made their report and the
General Assembly shall otherwise direct.
SEC. G. Be it further enacted, That moth
| ing contained In this act shall be so construed
| as TO pledge the State Of Georgia to the pay
menL of any bonds issued or indorsed by the
State since the 4th day of July, 1868, by reason
| In this act, should 1t afterwards appear that
the same have been Illegally or fraudulenlly
| issued.
SEC. 7. Be 1t further enacted, That the Gov
ernor be and is hereby authorized and requir-
| ed to draw his warrant upon the treasury IN
| favor of said committee or such persons as
| they may designate for an amount sufficient
| to defray tie expenses of publishing this pre-
amble, and such other printing as may be
necessary to carry into effect the provisions OF
| this act.
SEC. 8. Be it further enacted, That all
| laws and parts OF laws initiating against this
act be and the same are hereby repealed.
| To all aohOna IL may concern
Notice Is hereby given that we, the under
signed joint committee, appointed by the
president Of the Senate and speaker OF the
House Of Representatives, under authority
| of the foregoing act OF the General Assem-
bly, OF Georgia, will begin our sitlings in
| the City Of Atlanta, State Of Georgia,
United States of America, on the first day
of March, 1872, and will remain in session
| until the first day OF May, 1872, for the pur-
poses indicated In said act.
The attention of persons owning or holding
| the bonds of the State of Georgia, or the
| bonds of railroads endorsed by the State of
| Georgia, aud who expect to present the same
to the committee, is called to the first section
| of said act, as to the nature of the testimony
| required.
Persons desiring to communicate with the
committee will address Thomas ]. Simmons,
chairman, care OF n. L. Angler, State treas
urer, Atlanta, Ga.
Signed at the Capitol, in the City of Atlanta,
State OF Georgia, United States OF America,
the 18th day of December, 1871.
| THOMAS j. SIMMONS,
| On the part of the Senate, and chairman oi
Joint Committee.
GARNErT MCMILLAN,