Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1872-02-01


of said bonds after July Isl, 1871, in the
this act for other bonds; aud for the in
trest accrued to said date, certificates
dated on that day shall be issued, draw.
ing the same rate eff in icrest as the bonds
two. thirds Of which shall be paid, as pro-
vided to be paid, on the bonds. The re-
naming one-third of unpaid interest.
both on the bonds aud certificates, shall
be payable in money, and the principal of
said certificates in new sterling bonds of
the same character as the Old, to the ex-
tent that the State Of Virginia may re-
ceive moneys or property in such settle
ment as shall be made with West Vir-
GINA. And the State of Virginia hereby
declares that, according to the true con-
struetion of the said act of March 80,
1871, she is not, and under this act
will not. be responsible for any portion
of the one-third of the orig inal debt as
signed by said act March 80. 1871. or
! by this act. to the State Of West Vir-
ginia, except in her capacity as trustee,
to faith. ul account to the creditors for
all sums Of money or property paid or
turned over to her by West Virginia on
the final settlement Of the whole debt
s.. The Treasurer is hereby authorized
and directed to forthwith cause to be
prepared, engraved or Autographed, reg
is,cred bonds, aud bonds with coupons
and certificates, of the character mention
ed in the second and third sections of the
! act; and when prepared, shall
commence the issuance of the
same as herein provided. The bonds
and certificates sha i be signed by the
Treasurer and countersigned by the Sec
ond Auditor; the coupons shall be signed
by the Treasurer, Or fac smile of his
signature shall be stamped or engraved
thereon. Each denomination of bonds
herein authorized to be issued. both reg
istered and coupon. shall Constitute a Sc.
ries, and the bonds o each series shall
lie mum bered from one upwards, as they
are issued; and the coupons, in addition
to the number of the bond to which they
are attached, shall be numbered from
one to. Each class OF certificates
!! authorized to be issued by this act shall
be numbered respectively from one up
| wards, and in addition thereto each GER
| ti6cate shall contain the number and date
OF the bond or certificate on account Of
which it is issued. Each boad, certid>
cate Of stock, and interest certificate. to
be funded as herein provided. shall first
re delivered to the Second Aud itor, who
! shall calculate aud determine the amount
! for which bond shall be issued and the
amounts for HIGH certificates shall be is
sued under the second and third SECTIONS
of this act, which calculation shall be en-
| dorsed, dated and sigued oy BIN on the
back of such bond, certificate of stock,
or interest certificate. to be made and
kept in his Office. After such endorse
meut and registration the Second Audi
tor shall deliver the bond, certificate OF
stock or interest certificate. to the Treas
urer. who shall thereupon deliver to him
bond or bonds and certificates of the
character uamed in the second AMI third
sections Of tits act, duly signed and
numbered for the several amounts re-
spectiv,ly, according TO said endorsement.
The Second Auditor, after making
proper registry of said bond or bonds ana
certificates to be kept in his office, shall
deliver the same to the person en- titled to
them. The Treasurer shall, by proper
endorsement, writ en- or stamped upon
each bond, certificate OF stock or interest
certificate, SO surrendered and delivered
to him, cancel the same, ard endorse
thereon the date of such collation., and
shall preserve the same in his office IN
til otherwise directed by law. The Trees
uSer shall also have made ana preserved
in his Office proper registry of every
bond and certificate delivered by him to
the Second Auditor, and whenever a
coupon bond shall be issued, payable to
the order of any person or firm, he shall
secure and preserve the signature of such
person or firm, as part ofsuch registry.
whenever practicable.
5. The auditor of Public Accounts is
hereby authorized and instructed to de-
post in the treasury of the Common
wealth, subject to the order Of Second
Auditor SO much of the public revenue
not otherwise appropriated as will pay to
every creditor Of the Commonwealth,
whether h is debt be funded or unfupded.
the amount hereinafter appropriated;
which the Sscond Auditor shall, by war;
rant upon the treasury disburse as follows
viz:
To every holder of a bond bearing an
interest of five per centun, AMI funded
under said act of tbirtieth March, eight
cen hundred and sevety-one, or this act,
there shall be paid on account of interest
due thereon, one and a.quarter per cen
tum upon the amount of such funded
bond on The FIRST day of January, eigh-
teen hundred and seventy-tvo, and a
like sum on the arst day of July, eigh-
teen hundred aud seventy-two.
To every holder OF bond not funded
! under the said act of March 30th, eigh-
teen hundred aud seventy-one, or this
act, bearing an interest ofGve per cent
UNI, including what are known as ster-
ling bonds, there shall be paid on ac-7
count 0 f interest due thereon one aud n
quarter per celEum upon two thirds Of
the principal Thereof on the first day of
January, eighteen hundred and seventy
two, and like sum the first day ofJuly,
eighteen hundred and scventy-two.
7. All sums of money not otherwise
appropriated remaining in the Treasury
at the end Of each fiscal year over and
above the amount necessary to meet tho
current expenses oil the Government and
pay the interest on the public debt, at
the rates prescribed by this act, and
whatever sum may be realized from the
claims Of this Sta tc against Selden, With
arg & Go. and the Oh SAM, K and Ohio Ca