The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-01-24

been introduced IN tnos sAe6telefufo, ana
fhersis ssprQypect Of tEeit psssass: -,
4 JOINT tS.s9 94ur1oN, No Ascaar4Ik rH1
MOUNT az VALIDITY os z4 evp1I9 q
d BsN resoHbd. &o. sEc11pa i. That Z,
commission; EonAistipG OF the Uovernor,
the Attorney General, the Tts1sutex OF
the State, the Chairman OF the Commit
tee on Haance Of the SenAte aud the
Chairman of the Committee OF Ways
and Means Of the House, be, and they,
are hereby, authorized ana required 70
inquire:and-uscertaiu-thee amount OF 4he
public dpbtr the, facts end scircpmstanoes
under which It has beAnl cpntsaoted, and
the validity thereof, with power to send
for persons and pSpers.
SEo.2. That tbs:S Ststa% Treasurer. the
CD .s an ssssstasy Of
State in New York, ~he, and they are
hereby, directed to furnish suoh inior-
nation within their knowledge as the
require.
SEQ. 3. That the said commission, for
the purposes of such Investigation, shall
provide for the registration of the bonds,
coupons and certificates of stock OF this
State, and shall aff1x an official senl, to
be provided for thcat purpose, upon
each and every bond, coupon and oertifi-
cate OF stock 30 registered, without
charge to the owners thereof.
SEQ. 4. That the books of registration
| shall be opened in the cities of Columbia
and Charleston, in this State, and in the
city Of New York, on or before the first
day of April next, and closed the first
day Of November next and all bonds,
coupons and stock Of this State not re-
gistered within the period herein desjg-
mated, shall be deemed tor be fraudulent,
and shall not be recognized ss part of
the valid public debt.
SEQ. 5. That it shall be tho duty Of
the said commission to make full re-
port of their Investigations, herein pro.
vided for, to the next General Assembly,
during the first week of its session.
SEQ. 6. That it shall be indispensable,
in order to the recognition of the same
as part Of the valid debt of this State,
that all and every OF the bonds, coupons
and stocks. whR' soever, of the State of
South Carolina, ut any time registered in
the Commercial Warehouse, in the city
OF New York, and in the Carolina Ma
tional Bank, insColumba, South Carroll
ma, pursuant to Section 10 of an Act, en-
titled San Act regulating the bonds of
South Carolina" approved March 13,
1872, shall be registered By tho commits
sion created under and by this joint re-
solution, and in strict accordance with
the provisions thereof. the same bonds,
coupons and stocks herein required to
be registered for that purpose.
BILL TO AID AND ENCOURAGE THE MANU-
FAoruRINa INTERESTS OF TIE erATE AND
INTERNAL IMPROVEMENTS.
SEcT1oa /. That. for the purpose of
inducing the Investment and employment
OF capital in the manufacture of cotton,
WOODEN and paper fabrics, and of agri-
cultural Implements. and for the purpose
OF encouraging internal improvements in
this State. any individual, or association
OF indi7iduals, who shall hereafter in vest
cspital in the manufacture Of cotton,
WOODEN or other fabrics, agricultural i'm
plements, or in railroad enterprises within
this State, shnli be entitled to receive
! from the Treasury Of the State, annually,
q sum equal to the aggregate amount of
State taxes, which shall be levied and
collected upon the property or capital
employed or invested, strictly and ex.
clusiysly in such manufactures or enter
prises; the said sum of money to be paid
and determined by tho Comptroller.
General OF the State. in accordance with
tho tax returns, and to be paid by the
State Treasurer on the warrant Of the
said Comptroller General.
SEQ. 2. That it shall be the duty OF all
County Treasurers, and OF the Trea.
surers OF all the municipal corporations
which are by law authorized to levy and
COLLECT taxes, to pay to the individuals,
or association of individuals, described
In the first section of this Act, cum of
money, annually, equal to the aggregate
amounti of County or municipal taxes
levied or collected during any year upon
the property or capital described in the
fret section of this Act.
SEC 8. That the provisions of the Fl rat
section of this Act shall apply exclusive
y to investments mado hereafter, and
shall not operate until satisfactory proof
or evidence shall have been presented to
the Comptroller-G G General of the State that
the property or capital, for which tho
benefits of this Act are claimed, has
been actually employed. paid in or in
vested in this State; Propided. That
nothing herein contained shall apply to
enterprises enumerated in this ACT CON-
menced within tho last twelve months
and not yet completed: And propided,
| further. uIhat nothing in th,a A NJ oou