Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-04-04

to conversion bonds Of the State. a:
provided for in the Act hereinbefore
mentioned, approved March 23, 1869
shall be cancelled Immediately upon
the conversion of the same, and re.
tired from issue or hypothecation:
Sec. 6. All bonds heretofore au-
thorized to be issued, shall be issued
in pursuance of, and in conformity
with, the provisions of this Act, and
shall be converted into bonds, of the
style and description named in the
next preceding Section, as speedily as
the same can be done.
Sec. 7. That neither the sum or
sums realized from any sale OF sales
of any of the bonds of this State, nor
the manner of sale of any of the bonds
of this State, shall, in any manner,
affect or impair the validity and obli-
cation thereof.
Sec. 8. The Governor is hereby au-
thorized and required to sign all Of
the bonds named in this Act. The
State Treasurer is authorized and re-
quired to countersign the same And
the Secretary of; State is authorized
and required to ,afix the Seal of the
State to the same without delay: Pro
uided, That no bonds shall be signed
by the Governor, or countersigned by
the State Treasurer, except for the
conversion of bonds or stocks already
issued pursuant to law.
Sec. 8. Nothing contained in this
Act shall authorize the issue or con-
version of any bonds Of this State
other than those named'in The report
made by the State Treasurer as speci-
fed in the Sd Section of this Act,
and such as have been authorized un-
der previous laws of this State
Sec. 10. The Commercial Ware
house Company, in the City of New
York, and the Carolina National Bank,
in the City Of Columbia, South Caro-
lima, are hereby declared to be au-
thorized places for the registering Of
the bonds, coupons or stocks Of the
State of South Carolina, and they are
authorized, on the passage Of this a ct
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
registering their bonds, coupons or
stocks at one of the above authorized
places Of registry In the registra-
tion Of said bonds, coupons or stocks,
the number and denomination Of each
bond, coupon, or certilicate'of stock,
the Act under which it was issued,
and the name of the person, corpo-
ration or firm presenting the same
shall be recorded, and the time ard
place Of registration 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. 1t shall
be the duty of tile said Commercial.
Warehouse Company, in the City OF
New York, and the Carolina Nj ional
Bank, in the city Of Columbia, outh
Carolina, to puEl: the cities OF
s,EsarSt eefunf5ia7;
quarterly statements of the whole
amount of bonds, coupons or stocks
registered by them, the number, de
nomination, and the. Act under which
they have been issued. Tie State
Treasurer and the Financial Agent OF
the State, in the City Of New York,
shall not pay interest on said bonds
or stocks until they have been regis
tered according to the requirements
of this Act.
Sec. IL. All Acts or parts Of Acts
contrary to or inconsistent with this
Act are, for the purposes of this Act,
but for no other purpose, hereby re-
pealed.
Sec. IL, This Act shall take effect
Immediately.
Approved, March IS, 1872.