The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-10-16

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March 23d, 1863, SO that al Of til,
bonds OF tins State shalE DC Of on
description aud style, is soon 4
The cNchaHg" can bc made: Pro
Ctded. Iha. ali bonds of the Stat,
Of South Carolina converted Int
stock of sad State. ana all ;toci
Of The State OF South CarUliua con
verified intoa conversion bonds 0
the State, rs provided for in tht
Act herrin6eturc mentioned. up
,aroved March %: 1869, shiI! bt
cancelled Immediately upon tn;
conversion CT the same, :lid retired
from issue or hypothccalion.
Sac. 6. All bonds heretofore au
thorizcd to be issued, shall be is
sued IN pursuance OF, and in con
torlnity with, the provisions Of
this Act, and shall be converted
into bonds, Of the style and dcscrip
ton named in the next preceding
Section, as speedily us the same
can be done.
SEC. I. That neither thc sum or
sums realized from ANY sale OF
sales Of any Of the bonds OF this
State, nor the manner or sale OF
any Of the bonds Of this State.
shall, in any manner, affect or inn
! pair the validity and obligation
thereof.
SEC: s. The Governor is hereby
authorized and required to sign
all Of the bonds named in this Act.
The State Treasurer is authorized
and required to countersign the
same. And the Secretary Of State
is authorized and required to at1ix
the Seal Of the State TO the same
without delay: Provided, That
40 bonds shall be signed by the
Governor, Or countcrsigncd by
the State Treasurer, except for
the conversion Of bonds or stocks
already issued pursuant to law.
SEC. 9. Nothing contained IN
this Act shall authorize the issue
or conversion Of any boUds Of this
State other than those named in
the report made by the State
Treasurer as specified in the Sd
Section Of this Act, and such as
have been authorized under pre-
vious laws of this State.
Sec. 10. The Commercial Ware
house Company. in the City Of
New York, and the Carolina Ma.
lional Bank. in the City Of Colnm
bia. South Carolina, are hereby de.
clared to be authorized places for
the registering Of the bonds, cou-
pons or stocks Of the State OF
South Carolina. and they are au-
thorlzcd, on the passage Of this
Act, to immcdlatcl Y advertise, in
one or two Of the principul 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
stocks ut one Of the above author
lied places Of registry. In the
registration Of said bonds, coupons
or stocks, the number and demon.
inatiou Of each bond, coupon. or
certificate Of stock, the Act under
which it was issued, and the name
Of the person, corporation or firm
presenting the same shall be re-
corded: and The time place ot'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 regi>tra-
ton. 1t shall be the duty Of the
said Commercial Warehouse Com.
pany, in the City Of New York,
and the Carolina National Bank,
in the City Of Columbia, South
Carolina, to publish in the cities
of New York, Charleston and Co.
lumbia: quarterly statements Of
the whole amount Of bonds. cou-
pons or stocks registered by them,
the number, denomination, and the
Act under which they have been
issued. The State Treasurer aud
the Financi;i! 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 requirements of
this Act.
SEC. II. All Acts or parts of
Acts contrary to or Inconsistent
with this Act are. tor the purposes !
Of this Act, but for no other pur-
pose, hereby repealed.
SEC. ~. This Act shall take eff. !
feet Immediately.
Approved March 13, 1872.
An ACT TO INCORPORATE TIE CHAR
LESION LOAN ASSOCIATION OF THE /!
CITY OF CHARLESTON.