The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-24

the coupons Shall be signed by the Treasurer
or fac Simiic of his signature shall he
stamped or engraved thereon. Each denomi.
nation of bonds herein authorized to be IS
sued, both registered and coupon, shall con-
Stitute 8 series. and the bonds of each series
shall DC numbered from one upwards, as
they arc issued and the coupons, in addition
to the number OF the bond to which they
are attached, slmil be numbered from one to
---. Each class of ofcertificates authorized to be
issued by this act shall be numbered respec-
lively from one upwards, and In addition
thereto each certificate shall contain the num-
Der and dute OF the bond or certificate on ac-
count of which it is issued. Each bond,
certificate of stock, and interest certificate,
to be funded rs herein provided, shall first
be delivered to the Second Auditor, who
shall calculate and determine the amount for
which bond shall he issued, and the amounts
for which certificates shall be issued under
the second and third sections of this act;
which calculations shall be endorsed, dated,
and signed hy him on the back OF such bond,
certificate Of stock, or interest certificate !;
and he shall cause proper registry thereof,
together With the Glte and number of the
bond, certificate Of stock, or interest certif-
cate, to be made and kept at his office.
After such endorsement and registration
the Second Auditor shall deliver the bond,
certificate Of stock, or interest certificate, to
the Treasurer, who shall thereupon deliver to
him a bond or bonds and certificates Of the
character named in the second and third sec
:ions Of this act, duly signed and numbered,
Tor tie several amounts respectively, accord
inc to said endorsement. The Second Audi
tor, after making 4 proper registry Of said
bond or bonds and certificates to be kept in
his office. shall deliver the same to the per-
son entitled to them. The Treasurer shall.
by proper endorsement, written or stamped
uron each bond, certificate of stock, or in
tcrest certificate. so surrendered and delivered
to him. cancel the same. and endorse thereon
the date Of such cancellation, and Shall pre-
serve the same in his office until otherwise
directed bv law. The Treasurer shall also
have made and preserved in his Office pro-
Der registry of every bond and certificate de-
iiyered by him to the Second Auditor, and
whenever a coupon bond shall be issued.
plvablc TO the order Of any person or firm,
he shall secure and preserve the signature OF
such person or firm, as part of such regis
try, whenever practicable.
6. Tie Auditor Of Public Accounts is
hereby authorized and Instructed to deposit
in the treasury of the Commonwealth, sub
icct to the order Of the Second Auditor, so
much of the public revenue not otherwise
appropriated rs will pay to every creditor OF
tie Commonwealth, whether lis debt he
funded or unfundcd, the amount hereinafter
appropriated; which amount the Second
Auditor shall, by warrant upon the treasury.
dsbur>e as loll0Ws--yiZ.,
10 every holder Of :! bond bearing al ln-
crest OF SIX per cclltunl, and funded Under
sid act Of March thirticth, eighteen hundred
and scyenty-one, or this act, there shall be
paid, OH account of interest due thereon, one
and half per ccntum upon the amount OF
said funded bond, on the first day oil Janlla-
rv, eighteen hundred and scvcnty-two, and a
like SUN on the first day Of July, eighteen
hundred and Scvcnty-two.
10 every holder OF bond bearing IN in
ter..st Of five per ccntum. and funded under
salt! act of thirtieth March, eighteen hundred
and seventy-one, or this act, there Shall be
paid on account Of interest due thereon, one
and quarter per ccntum upon the amount
of such funded bond, Oh the first day Of Janu-
arr, eighteen hundred and seventy-two, and
a like sum on the first day of July, eighteen
hundred and seyenty-two.
TO every holder of a bond not funded
under said act or this act bearing an interest
Of six per ccntum there shall be Paid Oh nc
count OF interest due thereon one and half
per centum upon two-thirds Of the principal
thereof on the first day Of january, eighteen
hundred and seventy-two, and Il like sum on
the first day Of July, eighteen hundred and
screnty-two.
TO every holder of bond not funded
under the said act of March thrtieth, eigh-
teen hundred and sevcnty-onc, OF this act,
bearing an interest Of five per centllm, in
cludns what are known rs sterling bonds,
there shall be paid on account of interest due
thereon one and q quarter per ccntum upon
tWo-thirds of the principal thereof on the
first day Of January, eighteen hundred and
scventy-two, and like sum on the nrst day
of july. eighteen hundred and seventy-two
:. All sums Of money not otherwise ap
propriated remaining in the Treasury ut the
end of each fiscal year over ana above tne
amount necessary to meet the current eN
pcnses of the Government and pay the utter
est on the public debt, ut the rates prcscrlbec
bv this act, and whatever sum may be reat
| iZed from the claims of this State agalns'
Selden, Withers Il Co. and the Chesapeake
| and Ohio Canal Company, and from the sale
or disposition Of the stocks and bonds ano
| debts owned by the State in and against M!
and all railway aud other improvement com
pauies, and all sums which may be realized
! from the claims Of this State against th(
| United States, and from any sales OF real es
tate now belonging to the Commonwealth
shall lie paid into the Treasury OF the state tt
the credit Of the sinking fund, authorZet
and created by said act OF March 30th, 1871
and Ey This act. In the year 1880, and an
| nuallv thereafter, until all the bonds issuet
| l. nrit1 nf cpiI mot pt Marcel
3Gth. 1871. and Dy this act, shall have bcel
paid, there Shall he levied and collected, tilt
snnn as other taxes. tax Of two cents or
the one hundred dollars Of the assessed Valli
alton OF all the property, personal, real, ant
m;xed. in the State, which shall he paid into
! the treasury of the State to the credit of the
sinking fund. The Treasurer, the Auditor
of Public Accounts, and the Second Auditor
are hereby appointed commissioners OF the
sinking fund, and shall have "a majority act
inc) the control and management thereol
md shall annually, or oftencr, apply what
ever sum or sums may be to the credit OF tllt
sinking fund to the purchase and redemp
tion of all bonds of tie State which are re
rorniZcd bV It's Constitution and laws as le9a
An necessary expenses incurred in the
cvccutiou of this act shall lie paid out Of an!
noncys in the treasury not otherwise appro
priatcd, on the certificate of the CORRECTNESS:
of the same, signed by the Treasurer ano
Second Auditor and approved by the Gov
ernor.
8. All acts and parts Of acts, in so far as
they may be inconsistent with the PROVISIONS
of this act. are hereby repealed.
10. This act shall be in force from IT.
passage.
CONTESTED ELECTION CAsEs.-The House
Committee on. Privileges and Elections arc
prepared to report in two more contested
-In,y;,,, oocnc In tl,ut oT Vul1ubon no TIN.