Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1877-06-21
Tho Debt Of the state.
POWERS AND DUTIES OF THE ftNAEGiAL
aii Sn COMhiisSIoN. g.itun fr


ii sn COMMISSION. G.'fun tf
Tho joint resolution "tp fatso a, Com.
mission to ihvestigate Tho indebtedness IF
TIP State" as approved BY tho Governor, 70
as follows.
In view IF thv Kteat uncertainty that
exists Ia tue minds Of. tho ptopetty owners
and tax puying portion of our people, as to
tho real and definite amount Of the truc and
valid Indebtedness Of tho State, and the
character Of the obligations out of which
tho indebtedness has grown, aud of the
equally unsatisfactory condition Of tho
credit Of tho State as long as any doubt or
suspicion attaches to claims held against
herr aud, III order to give teasohable assus
rance to thu hottest creditor, Oh the one hand,
that tho State intends to faithfully meet fet
obligations at as early a date as practicable,
and, on the other haud, to satisfy tho tax
payer that the 0cucral Assembly will have
ptoeccdcd intelligently in Whatever steps
may be taken 10 adjust and provide fot tho
public debit thctefote,
BE Il resolScd, BY the Senate and House
OF Representatives of the State Of South
Carolina, now met and sitting 10 General
Assembly, and by tho authority of tho
samo: H# lila i.uG
SEortoN l. That, in accordance with
that portion Of his ExoelIenoy's messago
touching this, q commission, to consist Of
three members Of tho Senate aud four mem.
bcrs of tho House of Representatives, bliall
be elected by each House respectively.
SEC. 2. 1t shall bc tho duty 6foaid comrils.
ston To- nuke complete and thorough inA
vestigation Of the following and Kindred
meters, and to report thu results to the
next session of TITO General Assembly, to
wit: First, tho entire amount Of consolidated
bonds and certificates of stock that have
been issued under the not to reduce tho
volume of the publlo debt, mud Provide for
the payment of tho same, approved Decem.
Dor 22, 1873, 90 as to show, under proper
heads and cass1cations, tho humber in the
series, tho letter, date Of issuo, date Of fe-
demption, denomination, iratb Of interest, by
whom signed md oountorslgncd, and to
whom issued. Second, whether there is Ia
tho State Treasurer's Office on 1lo, as touct
ors, cancelled bonds, coupons and certificates
of stocks Of tho issues described, issued ID
accordance with law, and authorized to be
consolidated by tho act shove ieUitcd, to the
amount required by sail act. n
SEC. 8. Should it appear to tho tonimis
sion, in the course Of tho investigation, that
any of said bonds, cettitlchtes Of stock or
coupons have beet Illegally or otherwise
improperly Issued, It shall report tho. same,
together With tho evidence upon which the
ilIcgulity or oa-conformity to law tests
SEC. 4. The commission is hereby author.
lied to require tho holders uf said bonds,
coupons aud stock to produce the same for
inspection before the commission in Coldm=
bia. Such as shall bo found to have been
Issued according I'd law, aud TINT are valid
bona ,fi,lc bonds, coupUns and stocks, shall
be registered by thclr nuniber, letter, de-
nomination, and snol other dlstlhttlve titles
as may be best suited to tho object ih view,
cad sha!! be certified as correct, in saoh
form ns the commission may deem propet.
SEQ. o. Tho cJmmlssiun shall hhve full
rowcr end authority to send for prisons aud
papers, and to administer oaths; and fsl.s
swearing by or befoto said commission shall
be indictable and punishable as perjury;
SIC. 6. Tho Comptroller General and
Treasurer arc hereby authorized and required
to co-opcrate with said commission whom
called upon.
Sic. I. Tho commissioned shall be al,
thorhcd to sit duting the recess Of the Gcno
ral Assembly.
sEJ. 8. file compensation If tho com=
mission shsll BE pei diem Of a7o dollars
each. "a' anu'.G.r n1 i.
SEQ. D. It shall be tho duty Of said
commission to invostigate the amount and
character Of tho floating indebtedness Of
the State, aud make report thereon i de-.
tail. ro r.H.,,-, n.'a.-,lla h v ..an
SEQ. 10. That said ponimissiou shall hato
power to report any special matter. u..,..,.
SEC. II. That before said commission
shall enter upon its duties, eaSh Of The
commissiopets shall first tnke ind subscribe
the following oath, to tfit: ~ soletnhly sweat
that | am not now, nor was at tho datc Of
my appointment ns commlssi0tet, directly
or Indirectly Interested ih aty bond. Of
cther evidence Of State Indebtedness to come
befote the as ootnmisaionorj hot am +, OF
will becotfio, tho attorney Or legal repro
sentative 6f any party Interested in any
such bond or evidence of indebtedness; and,
furthct, that 1 will honessly, fairlyg and to
the best of my ability, iporformp tho dates
of, commissioners as required BY 4 tho joint:
resolution iunder which / was appqin.cd;
So, help me God." oH, o.y :. ', iii,
SEQ, IL. That said commisslon shall
make q, report to the General Assembly IT
The neSxt regular session, during Rrst week
Of said session. '
PUMrKINs.--lt is not too lato to plant
pumpkins. They make excellent pies.
They supply first rate food Tor hogs, cattle,
sheep and horses. Kalsb htfndfeds Of
Wagon loads, il YOU 1haYo mitch stock. nna