The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-03-27

bonds named 10; or provided Tor by, thfS
Aot, untiI,thei Pfinoipsh, ot, said bonds
shall become duo; ouch Ipaymspt,teb be
made insUpited States currently pniytiis
SHC y B. aHsreafter.l every rbohd Non.
vertedl or issued under Or in pnrsuAhce
0fapyiof itne,isws oitshiB SSssaatts. sssis.! b.
OF the description and style tof those
heretofore Issued under an Act entitled
i'An ACT to provide for the conversion of
State .seourities," approved March 23,
1869, 80 ithatall the bonds Of this State
shall be of One description and style, as
| soon as the exchange can be made, 4 Pro-
South Carolina, converted into stock of
said, Slate, and all stock of the State Of
South Carolina, converted into conver.
sion bonds OF the Slate, as provided in
the Act hereinbefore mentioned, Rp-
|proved M rob %, 1869. shall be cancelled
Immediately upon the conversion of the
same, and retired from issue or,hypothe-
cation. -,~.e,.-4.y.,-...-
SEQ. 6. All bonds heretofore author
lied to be issued, shall be issued in pur-
suanoe of. and in conformity with, the
provisions of this Act, and shall be con-
verted into bonds, of the style and de-
scription named in the next preceding
aectiop, as speedily as tho same can be
done.
Sec. z. That neither the sum nor
sums realized from any sale or sales of
any of the bonds of this State, nor tho
manner of sale of aDy of the bonds of
this State, shall in any manner affect or
impair the validity and obligation
thereof. N.
SEQ 8. The Governor is hereby author
iIed and required to sign all the bonds
named in this Act. The State Treasurer
is authorized and required to counter
sign the same. And the Secretary of
State is authorized and required to aflix
the seal of the State to the same without
delay: Prooided, That no bonds shall be
signed by the Governor, or counter
signed by the State Treasurer, except
for the conversion of bonds or stocks
already issued pursuant to law.
SEQ. 8. Nothing contained in this Act
shall authorize the issue or conversion
Of any bonds of this State other than
those named in the report made by the
State Treasurer, as specified in the third
section of this Act, and such as hnve
been authorized under previous laws Of
this State.
SEQ. 10. The Commercial Warehouse
Company, in the city of New York, and
Carolina National Bank, in the city of
Columbia, South Carolina, ore hereby
declared to be authorized places for the
registering Of bonds, coupons or stocks
OF the State of South Carolina, and they
are authorized. on the passage of this
Act, to Immediately advertise. in one or
two of the principal papers in each Of
the cities of New York, Columbia and
Charleston, to the holders of all the
bonds, coupons or stock of the State of
South Carolina, the necessity OF regis
tering their bonds, coupons or stock at
one OF the above authorized places of
registry. In the registration of said
bonds. coupons or stocks, the number
and denomination of each bond, oou.
pom, or certificate Of stock, .he Aot un-
der which it was issued, and the name of
the person, association, corporation or
firm representing the same shall be re-
corded, and the time and place of regis
tration shall be endorsed upon said
bonds, coupons or stocks, SO that the
same bonds, coupons or stocks may not
be presented at more than one place OF
registration. It shall be the duty of the
said Commercial Warehouse Company,
in the city of New York, and the Caro-
lima National Bank, in the city of CO.
AuuAoinf OOuCh SbCOllud, LO
the cities of New York, Charleston and
Columbia, quarterly statements of whole
amount of the bonds, coupons or stocks
registered by them, the number, demo-
mination. and the Act under which they
were issued. The State Treasurer and
Financial Agent of the State. in the city
OF New York, shall not pay interest on
said bonds or stocks until they have
been registered according to the require
ments of this ACT.
SEC. IL. All Acts or parts of Acts con-
trary to, or inconsistent with, this Act
arc, for the purpose of this Act. but for
no other purpose, hereby repealed.
SEQ IL. This Act shall take effect i'm
mediately.
Approved March 13, 1872.
JOINT RESOLUTION PROPOSING AN AMEND
MEST TO TIE CONSTITUTION or THE
STATE OF SOUTH CAROLINA
BE ii resotced by The Senate and House
T Representatives Of lie State # .SouM
Carolina, (tro thirds of both Houses con-
curing. That the following article be
submitted to the qualified electors of the