Daily national Republican. (Washington City [D.C.]) 1870-1872, 1872-08-01

Issued and signed by tho Comptroller and
Auditor of the District for and on behalf OF
the said county Of Washington, and shall
bear interest from the 1rst day Of June,
eighteen hundred and seyentY-one, at the
rate Of seven per centum per annum, and be
payable on or before July hrst eighteen hun.
dred and seventy-three, In denominations OF
not less than iitty dollars, from the date OF
their Issue; and upon the payment OF the
certlncates they shall be surrendered and he
cancelled, under the direction OF the Gov
eruOr, In tho mode In which he may pre-
scribe. The Auditor and Comptroller shall
keep an account OF all claims or demands Tor
certificates, and a statement Of tho scrip
which may be- demanded or desired shall be
presented by them TO the Register; and upon
such statement and In accordance there
with the scrip provided for In this section
shall be issued by the Register, and 10 add
ton thereto they shall submit annually TO the
Legislature and the Commissioners Of the
sinking Fund q statement Of the number and
amount OF the scrip certificates which may be
applied for and issued, and the fund on &C
count Of which the Issue may be made,
That the special taxes hereby authorized to
be assessed and collected shall be made pay
able, under the direction Of the Governor, on
or beiore the fret day Of July, eighteen hun
dred and seventy-threo, and that discount,
at the rate OF one per centum per month,
shall be allowed for the prompt payment on
each dollar, either In cash or on scrip certlh-
Gates, to the amount Of one third of said tax;
and that all sums due the late Levy Court OF
the county Of Washington, uncollected from
any source, on the first day Of June, eighteen
hundred and seventy-One, and since collected,
a. well a. those which may hereafter be col
lectcd, shall be turned over 10 the commits
aioners of the sinking fund to be applied TO
the payment Of the principal, or the interest
thereon, OF Indebtedness OF said corporation,
and Of the audited claims or fractional bal
ances OF audited claims less In amount than
fifty dOllArs, except such as may, In any man
neT, have been since said period applied or
used for the payment Of any Just claims Of
said corporation. That the commissioners OF
the sinking fund shall dispose OF any and OF
all assets which may come Into their hands
for the payment OF the debts OF said corpora
tons, except such sum or sums "a may be
required for the necessary expenses OF said
commission.
Sec. 8. And Be q further enacted, That
u at any time Ii shall appear from tue books
Of the Collector and Comptroller that the ex-
listing government Of the District Of Column
biA has received, or may have In Its posses
sion, any fund or funds belonging TO the
county OF Washington, a statement thereof
shall DO made TO the Governor aud there
upon a regulation shall be made as required
by law, and the said amount shall be paid to
said commissioners out OF the taxes OF said
District, and q settlement Of any and all ac-
counts between said county Of Washington
and the District government shall be made
by said commission and the Comptroller Of
the District, and thereafter be In all respects
binding GU said District and said county
Sec. 4. And BE- u further enacted, That
In order that the Indebtedness Of said county
SHALL be liquldated and settled with the least
possible delay, the GOyepOr Is hereby au-
thorlZed to anticipate the revenue which may
arise from the taxes hereby levied to an
amount sufficient to satisfy any or all Of the
floating Indebtedness Of said county.
Sec. s. And De Il further enacted, That II
the amount collected from taxes In any one
year under any provisions Of this act shall
exceed the amount required 10 pay the inter
est aud redeem the principal of any one
class of bonds OF the county OF Washington
or other form of Indebtedness, the excess
may be applied by said commissioners, at
their discretion, to the purchase and redemp-
ton OF some other form Of Indebtedness
against said county.
Sec. O. And be H. Further enacted, That said
commissioners shall pay out OF the general
taxes which shall come Into their hands, any
iudgments. including costs, which may now
exist or be hereafter recovered against said
county, together with all expenses In any
way growing out of the same or In any way
connected with suits now Instituted, OF which
may hereafter be instituted.
Sec, z. And be q further enacted That, In
wow Of the emergency arising, the necessity
OF the liquidation and payment Of the In
debteduess of the old county OF Washington,
this act shall take effect Immediately upon
its approval by the Governor
Approved June 20, 1879.