Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1878-03-21
MARCEL 21, 1878.

ton, conduct and management of the said
cases and suits made, brought or defended,
or any of them, and IN determining the pro
priety and conduct of appeals from any of the
decisions, DEGREES or orders of the said Court
the opinion of the attorney general and his
said associates, or majority of them, shall
control
"Sec. 9. That the encouragement and his
said associates, with the consent of the credit
ors of this State, or so many of them as
shall be necessary, may make up a case or
cases, to be heard and determined in said
Court, in which, if practicable, the State
shall be defendant, to test the validity Of
the said Consolidated bonds and coupons
and certificates of stock mentioned in said
Schedule 6, bringing before the Court the
various classes of vouchers, which, it is alleged
in the report of the said Commission, impair
the validity of the said consolidated bonds,
coupons and certificates of stock, or any of
them.
Sec. 10. That there shall be levied for the
current fiscal year, tax sufficient to pay the
coupons and interest orders maturing on the
outstanding Consolidation bonds and certif'
Gates of stock, curing the said fiscal year.
"Sec. II. That the coupons and interest
orders on the Consolidation bonds and certi6-
Gates of stock, mentioned in Schedule of the
said report, be paid by the State treasurer on
sentation-those for the last fiscal year, out
of the money now in the treasury for that
purpose and those for the current fiscal year,
out of the proceeds of the tax to be levied for
that purpose when so levied and collected.
"Sec. IL. That the coupons and interest
orders on any Of the several classes of Con-
solidation bonds or certificates of stock men,
toned in said Schedule 6, shall be paid out of
the proceeds of the taxes for the last and the
current fiscal years, respectively, whenever
there shall be final adjudication as to the
validity of the said several classes of bonds
and certificates Of stock in favor of said bonds
and certificates of stock in the manner here
inbefore provided. and none other.
"Sec 13. That the State treasurer is hereby
authorized and required to receive from the
holders, willing to surrender the same, all out
standing bonds and certificates Of stock of
the State, issued prior to January l, 1866, and
of coupons on said bonds and interest orders
upon the interest on said certificates of stock,
and shall thereupop, in exchange therefor and
in lieu thereof, issue to said holders other
coupon bonds and certificates Of stock at fifty
per centum of the face value thereof, and in
all other respects as is provided for in the Act
of the General Assembly, approved 22d De.
cember, 1873, entitled An Act to reduce the
volume of the public debt and provide for
the payment of the same:' Provided, that the
privilege of the holders of said bonds, certif.
Gates Of stock, coupons and interest orders to
surrender the same and receive other bonds
and certificates of stock in exchange therefor
and in lieu thereof, shall cease and determine
on the first day of November, 1878.
"Sec. IA. That all persons holding bonds
or coupons of bonds, certificates Of stock or
interest orders thereon, issued by the State
since the first day of January, 1856, before
they can be entitled to the benefits OF the Act
of the General Assembly, approved December
%, 1873, entitled AN Act to reduce the vol
ume of the public debt and provide for the
payment of the same shall present the same
for examination before the person or persons
appointed to examine the debts, liabilities
and unfunded debt of the State, and for such
of said bonds, coupons, certificates of stock,
interest orders, or any of them not belonging
to any class reported by said commission as
invalid, as the person or persons so examining
the same shall direct, the State Treasurer
shall issue Consolidation bonds or certificates
of stock at the rate and in the mode provided
in said act
"Sec 15 That the bonds and certificates
of stock and exchange and transfer certificates
of stock mentioned in said report as issued
by F. L. Cardozo, as State treasurer, the same
being signed by D. H. Chamberlain, as Gov.
ernor, and countersigned by Thomas c. Dunn,
as comptroller.gcneaal, after the terms ofthese
officials had expired amounting in the whole
10 fifty-four thousand six hundred dollars,
1854 6OO) be, and the same are hereby declared
to be in all respects as if the same had been
issued before the expiration of the said terms
of office of said officials, and the validity
thereof shall be determined in the same man.
ner as is hereinbefore provided for determin.
ing the validity of the bonds and certificates
of stocks mentioned in Schedule of said re-
port.
Sec. 16. That all of the unfunded debts
and liabilities of the State, accruing before the
first day of November, 1876, including here
in the bills of the Bank Of the State, and 80
much of the funded debt as is known as the
little bonanza be settled, after proper proof
and examination, in such mode as this Gener-
al Assembly shall determine, at the rate OF
fifty per centum, payable in coupon bonds,
bearing interest at the rate of six per centum
per anuum, payable semi.annually-the prln-
cipal payable in ten years-in full satistac-
tion of said demands, except that advances
made in money, supplies and labor for the lu-
natic Asylum, Deaf and Dumb Asylum and
the State Pententiary, shall be paid in the
amount actually found to be due, after proof
and proper examination thereof, the said pay.
ments to be made in coupon bonds, of like
character to those hereinbefore mentioned for
the full amount allowed after said examina-
ton Provided, That in all cases in which
the amount allowed shall be less than one
thousand dollars, the sum shall be paid in
cash."
The previous question on the adoption of
the substitute having been called by Mr.. 81.
nonton, the vote resulted: Yeas 6fty-eight,
NAYS thirty-one. So the amendment was
adopted.
The title of the joint resolution being then
changed to "a Joint resolution providing
mode of ascertaining the debt of the State
and of liquidating che same" the vote was on
passing it to its third reading, and resulted,
yeas 56, nays Sc.
The following is the vote in detail:
Yeas-Messrs Aldrich, f. S. Allen, w. s. Al
len, Anderson, Asbill, Bamberg Bates, Bissell,
Blakeney, Blue, W. K Bradley, Byers, rCallison1'