Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-03-16


main inviolate as part of the school fun,
of the State, restored in the room an,
stead of the fund existing on the 9th day o
May, 1851. This bond or certificate shai
be deposited in the Office Of the Treasurer
at which place the interest thereon shall b,
payable; and he shall execute bis receipt t.
the Comptroller for said certificate, which
receipt shall be copied into the books of the
Comptroller, and said books shall contain a
descriptive record of said certificate OF
bond, showing the purpose for which it was
issued. aa \
Sec. z. No part of the public debt shall
be funded, paid or received except as pro-
vided in this act; and all laws providing any
other mode or manner of funding the debt
be, and the same are hereby repealed; pro-
vided, no part of this act is intended TO pre-
vent the payment of the warrants issued
BY the Comptroller; nor the loan accounts;
nor the reception of the old issue Of tbs
Bank of Tennessee, in payment OF revenue;
and provided further, that the notes of the
Bank of Tennessee signed by G. G. Tor
bett, or issued on or after May 9, 1861,
shall not be received for taxes or other dues
70 the State.
Sec. s. The Secretary of State shall re-
ceive one dollar, and the Comptroller one
dollar, on each bond issued under this act
to be paid by the party to whom the bond
is issued; and all laws prescribing different
compensation for these officers for such
services, be, and the same are hereby re-
pealed. 3t.tf F (
Sec. 8. No coupons of bonds not now
due, shall be paid, other than those COUPONS
falling due on and after the LIST day Of July,
1874; and only such coupons maturing after
that time as shall be presented to the Comp
troller, who shall examine the same; and If
found to have been issued according to law,
shall be registered, and the registration pro-
perly indicated thereon by him; and the Sec
Rotary of State, and the Comptroller shall
each receive for each bond registered under
this act, the sum of fifty cents, to be paid
by the party presenting said bond for regis
tration.
Sec. 10. The interest of the funded
bonds authorized by this act, together with
the interest of the bonds registered accord
ing to the provisions of 9th section of this
act, shall be paid in the city Of New York,
or city Of Nashville, at the option of the
person to whom the bond is issued, or to
whom said registered bond may belong.
Sec. IL. The bonds that may fall due
between the first day of July, 1874, and
the first day of July, 1884, shall be funGable
at the option of the State, in bonds author
lied by the first section of this act.
/. Sec. II. The bonds and coupons thereto
attached, issued by authority Of the General
Assembly Of the State, in compliance with
law enacted and in force at the time of their
Issuance, whether they were issued previ-
Gus to the 9th day Of May, 1861, or subse.
quent to the reorganization of the State
Government, on the Sd day of April, 1865,
may be funded or registered according to
the provisions Of this act; Provided, that all
bonds and coupons thereto attached, issued
by the authority, or pretended authority of
the General Assembly, or by the authority
or pretended authority of any body or as
semblage of men pretending or claiming to
be the General Assembly of the State OF
Tennessee; on and after the 9th day of
May, 1861, up to the Sd day of April, 1865,
when the government of the State of Ten
nessee was reorganized under the constitu-
ton, and schedule thereto, ratified and
adopted by the people on the I'D day of
February, 1866, and all bonds or liabilities
issued for war purposes, shall be and are
hereby expressly excepted from the provis-
ions of this act, as hereinbefore defined; and
provided further, that the provisions of this
act shall not embrace, but expressly exclude
any and all bonds known to have been
stolen or purloined from the State, or bonds
which were fraudulently issued or obtained.
Sec. Il. This act shall take effect from
its passage.