The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1872-05-04
Laws Of the State Of Mississippi.
AN ACT to fund the floating debt
Of the State and issue sinking fund

AN ACT to fund the floating debt
Of the State and issue sinking fund
bonds, and for other purposes.
SECTION |. Be it enacted by the
Legislature Of the State Of Missisaip-
pi, That the Treasurer Of this State
shall, whenever warrant or war;
rants on the Treasury, issued accord
ing to law, shall be presented to bin
in sums of fifty dollars, or any multi
pile thereof, to take up and cancel
such warrant or warrants, and issue
to the holders thereof bond or
bonds OF the State of Missi ,sippi, for
the amount thereof, payable to such
holder or bearer with interest there
on at eight per cent. per annum from
the first day Of January, A. D. 1872,
which said bonds, and the interest
coupons thereto attached, shall be
signed by the Governor and counter
signed by the Treasurer, but the
signatures to the coupons may be a
fac similie engraving; and the prin-
cipal thereof and interest thereon
shall be paid by the Treasurer, and
said coupons detached and Cancelled
by said Treasurer annually on the
first day Of January respectively, as
they shall sevcrally fall due; Pro
vided, That nothing IN this act shall
be so construed as to take up and
bond the Auditors warrants depos-
tied in the State Treasury by insur-
ance companies, under an act ap
proved May 18th, 1871 !; And pro.
vidcd further, That all warrants
fuh1ed under thcproyisions Of this
act shall have been receivable for
taxes at the date OF its passage,
SEC. 2. Be it further enacted, That
said bonds shall be issued in snms Of
fifty, one hundred and five Hundred
dollars each, and in a sufficient nuns
Der of series Of one hundred and
fifty thousand dollars each, to in
clude all warrants made fundable
by this act; the first Of said series
being payable on the first day Of
January, A., d. 1876, and one Of
said series on the first day Of Janua-
ry in each year thereafter, until the
wholeshall be paid; Provided, That
there shall not be issued under the
provisions Of this act bonds to exceed
the amount Of one million dollars
Provided further, That all the taxes
due to the state prior to the first day
Of January, A. D. 1872, may be
discharged as how provided BY law.
2 SEc. 3. Be II further enacted, Tha.
the series Of bonds authorized by
this act shall be designated by APP
propriate letters, A, B, etc, each
letter designating a series; and each
bond of every series shall be num-
bered ] 2, ETC., consecutively through
the entire series, and said bonds shall
be substantially IN the following
form, tl.at is to say:
UNITED STATES of AMERICA, s7'G
State Of mississippi. {
Series --- Islf Number ------
i9a FUNDED STATE DEBT.
Under On act TO fund the floating
debt Of the state, and 10 Issue sink
ind fund bonds, and for other pur-
poses, approved --a--- 1879 diir
Know all men by these presents,
that the state Of Mississippi will pay
at the Office Of the Treasurer, TO .---
or bearer, the sum of fifty dollars,
ia the lawful money Of the United
States Of America, on the first day
Of January, IN the year Of onr Lord
one Thousand eight hundrediand sew
enty--, with interest thereon, at the
rate Of eight per cent, per annum,
said interest payable annually at
the Treasury, upon presentation and
surrender Of the coupons hereto at
tached, as they shall severally fall
due. ga Isli95 bad 'rslS iaa
IN witness whereof the seal of said
state 10 hereto attached, at 4------r
this --- day of -----,i ID. 167---,
And the Treasurer shall cause ths
series to be engraved Photographed,
Or y otherwise prepared, ion firm
paper, with such devices for identifi-
cation. ,.and tobprsvsut imitation, ls
shall bc agreed uponby the Govern