Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-01-24

character mentioned in the second and third
sections of this act; and when prepared, shall
commence the issuance of the same as herein
provided The bonds and certificates shall be
signed by the Treasurer and c0unterslgued by
the Second Auditor; the coupons shall be
signed by the Treasurer, or Il fac slmlle OF his
signature shall be stamped or engraved there
on. Each denomination of bonds herein au-
tborized to be issued, both registered and cou-.
pon, shall constitute series, and the bonds OF
each series shall be numbered from one up
wards as they are issued; and the coupons. In
addition to the number of the bond to which
lhev are attached shall be numbered from one
to-. Each class of certificates authorized to
be issued by this act shall be numbered respec-
lively from one upwards, and in addition there.
TO each certificate shall contain the number and
date of the bond or certificate on account OF
;. which it is issued Each bond, certificate OF
stock. and interest certificate, to be funded as
herein provided, shall first be delivered to the
Second Auditor, who shall calculate and deter
;. mine the amount for which bond shall be Is
sued, and the amounts for which certificates
shall be issued under the second and third sec
tons of this act which calculations shall be
endorsed, dated, and signed by him on the
back OF such bond, certificate OF stock, Or inter
est certificate and he shall cause proper reg
istry thereof, together with the date and num-
Der of the bond, certificate OF stock, or interest
certificate, to be made and kept IN his oiilce
After such endorsement and registration the
Second Auditor shall deliver the bond certltl.
cate of stock, or interest certificate, to the
Treasurer, who shall thereupon deliver to him
a bond or bonds and certificates of the charac-
= ter named in the second and third sections OF
this act duly signed and numbered for the
several amounts respectively according to SAID
endorsement. The Second Auditor, after max
ing Il proper registry of said bond or bonds aud
certificates to be kept in his office, shall deliver
the same to the person entitled to them. The
Treasurer shall, by proper endorsement, writ,
+ ten or stamped upon each bond, certificate OF
stock, or interest certificate, SO surrendered and
delivered to him, cancel the same. and endorse
thereon the date OF such cancellation, and shall
preserve the same 10 his office until otherwise
directed by law. The Treasurer shall also have
made and preserved in his office proper reg
istry of every bond and certificate delivered by
him to the Second Auditor, and whenever a
coupon bond shall be issued, payable to the Or,
der of any person or firm, he shall secure and
preserve the signature Of such person or trnl
as part of such registry. whenever practical
bic
6. The Auditor OF Public Accounts Is hereby
authorized and instructed to deposit in the
treasury of the Commonwealth, subject to. the
order of Second Auditor SO much OF the pubic
revenue not otherwise appropriated as will Pay
to every creditor of the Commonwealth, whe-
thcr his debt be funded or untllndcd. the
amount hereinafter appropriated; which
amount the Second Auditor shall, by warrant
upon the treasury diSburse as folows-viz.,
TO every holder Of bond hearing an interest
OF SIX per ccntum, and funded under SAID act
of March thirtcth, eighteen hundred and Sc
ycnty-one, or this act there shall be paid, on
account of interest due thereon, one and halt
pcr centun, upon the amount OF said funded
bond, on the fist day Of January, eighteen
hundred and sevcnty-two, and like sum on
the first day Of July, eighteen hundred and Sc
vcnty-tWO.
To every holder of Il bond bearing an inter
Of five per ccntum, and funded under said act
of thirtieth March, eighteen hundred and Sc
vcnty-one, or this act. there shall be pad on
) account of interest due thereon. one and a
quarter per centum upon the amount OF such
funded bond, on the first day of January: elgt-
teen hundred and seventy two, and a like sum
on the first day of July. eighteen hundred and
seventy-two.
| To every holder of a bond not funded under
said act or this act bearing an interest OF six
per centum there shall be paid on account 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 Sc
venty-two. and like sum on the first dly Of
July, eighteen hundred and seyenty:two
TO every holder of bond not funded under
the said act Of March thirtieth, eighteen hun
dred and seventy one, or this act: bearing an
interest of five per centum: including what are
known as sterling bonds, there shall be paid on
= | -, 6,at q I'll r.
ter per centum upon two-thrds of the principal
thereof on the first day of January, eighteen
hundred and seventy-two, and a like sum on
the first day of July, eighteen hundred and So
venty-tWo.
I. All sums of money not otherwise appro-
priated remaining in the Treasury at the end OF
each fiscal year over and above the amount ne
cessary to meet the current expenses OF 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 State against Seden, Withcrs & Co..
and the Chesapeake and Ohio Canal Company,
and from the sale or disposition Of stocks and
bonds and debts owned by the State in and
against any>and all railway and other Improve
mcnt companies, and all sums which may be
realized from the claims Of this State against
the United State, and from any sales OF real
| estate now DclOuSluS W IHe
| shall be paid into the Treasury OF the State to
the credit of the sinking fund, authorized and
created by said act of March Both, 1871, and
bv this act. To the year 1880, and annually
thereafter, until all the bonds issued undey and
by authority of said act of March 50th, 1871,
and by this act, shall have been paid, there
shall be levied and collected, the same as other
taxes, tax of two cents on the one hundred
dollars of the assessed valuation Of all the pro-
which Shall be paid into the treasury Of the
State to the credit eff 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 Ia majority actingl the control and man.
agement thereof, and shall annually. or ottener,
apply whatever sum or sums may be to the Gre
dit of the sinking fund to the purchase and re-
demption of all bonds of the State which arc
rooonnizod hv IFS Constitution and laws as