The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-02-10

DOE bOndEJ. I VHFTCVI
nature OF The Treasurer and the cauHter-signalure
of the second Auditor hereusto afhxed according
20 law.
4. The form OF coupon for coupon bonds
shall be as folows-to wit:
No. - fof bopdl.
The Commonwealth OF Virginia will pay to btarer
- dollars In lawful money of the UnIttd statts,
at rhe Office of the Treasurer " c1mnndr Vs. on
the irst day OF Jdnuary and July alternately the
nrst coupon to De payable January j, lSSOl.
8. -, Treasurer.
Each coupon to he impressed on the back
with its number, in the order OF maturity,
from one forward.
5. The said Board OF Commissioners are
authorized TO issue such bonds in denonlf-
nations OF one hundred, five hundred. and
one thousand dollars, as may he necessary
TO carry out the provisions OF this act. each
denomination to be Of different TINT: pro-
vided that registered bonds may be issued
of any denomination multiple OF one hun
dred, and all registered bonds to be OF the
same tint: and they are authorized to issue
such bonds. registered or coupon, IN eX-
change for the outstanding obligations OF
the State hereinbefore enumerated, incll.
ding the bonds held bv the Literary Fund,
as fOliows-that is TO say:
(a) For the principal OF all bonds or other
evidence OF debt embraced In Class A, at TIE
rate OF SO per ceDt.--that is 10 say S53 OF the
bends authorized under this act tprincipal
and accrued interest from the preceding Pc
| riod OF maturity TO the date OF exchange at
pan are TO be given for every 500 face
| lprincipai and accrued interest from The
pre- ceding semi-aunual period or maturity
| 20 the date OF exchange OF such Indebted
ness, and for any interest which may be past
due and unpaid upon such Indebtedness
funded bonds issued under this act may be
given dollar for dollar.
mn For the principal OF all bonds or other
evidences Of debt embraced in Class | !. at The
rate of GG2 per cent.-that Is TO say 500 6Gj
of The bonds authorized by this act (prlnci-
nal and accrued interest from the preceding
period of maturity to the date OF exchange
at par) are to be given for every 500 face
OF the principal OF such Indebtedness.
| (c) For two thirds OF the interest past due
and unpaid upon the unfunded debt, IN
cluding the sterling bonds since july /,
1871, and for all other past-due and upaid
interest upon other bonds and evidences OF
debt embraced in Class II. to the date OF
exchange, at the rate Of 60.1 per cent.-that
is TO saw for every 800 OF such interest
so computed 800 OF the bonds issued under
this act (prlncipal and accrued interest
from the preceding period Of maturity 10
the date OF exchange at par are 10 De
given.
t6) For the one third of the unfunded
drbt. including the sterling bonds COM
puted as Of the 1St Of July, 1871, the said
Board OF Sinking-Fund Commissioners shall
issue certificate as follows
The commonwealth Of virgnit has this diy dis
charged her accepted share or the F'gls'etS,u or
| coupon, as the case may bel bonds for - dol'ars'
held by -. dated the - dav OF - ana nlin-
bered -. leaving balance of = dollar; WIN
interest from The 1st day of July; lsal 10 ,, ne ac
recourse upon this Commonwealth. -,, .,,
Done at The capital of the state of Vrgin,a inns
- DAY DAY Of, 0l -; Second Auditor.
:. The said Board OF Commissioners are
empowered to issue for any fractional part
OF one hundred dollars oi the indebtedness
funded under this act the following certlil-
cate:
Fract ondl Certificate.
po,.,or Va Transaction No.
hggs.cc % rer6cae entities the holder hereof the
| sum of e, fundabe at its face in the bonus oi
fhe Commonwealth of Virginia, authorized Oy an
eentad with certificates Of Ike in conjunc-
, tion with other evidences of dtbt fundable uuoef
said act i'm amounts of 800 and muipies thereof;
Done AT the capital of Virginia TINS = Gay Oh
-, lSS-. - - lIeas"'e4'
y The certificates so issued shall be regis
tered nv the Second Auditor in register
: date and number of the transaction to when
il relates. the amount OF the same, and tnS
= name of the person or corporation To whom
il was issued; and rs such certificates are
= refunded the same shall be cancelled anc
, nreseryed as herein provided in respect tC
:, other obligations refunded,
3. All the bonds and certificates OF deb
and evidences Of past-due and unpaid III
: tere,t taken in under the provisions OF thi'
y , act shall be cancelled by the Treasurer II
l; the presence OF the Board OF Commission
y ers OF the Sinking Fund aS the same are nc
= ouired bv the Treasurer. and the same shal
- he carefully preserved until such time a
- the General Assembly may otherwise I'll
's rect: schedule OF the bonds, certlhcate'
- and other evidences OF debt so cancche'
y, from time to time shall he certified by sli
~ Board and filed with the Treasurer Tor pre-
~ servation.
~. o. All the coupons and registered bord
and fractional certificates issued under IN
20 act shall he separately registered by the -
w cond Auditor in books kept for the specln
ec!s purpose, in each case giving the date, nun
At Der. and amount OF the obligations isSue(
-. and the name Of the person or corporate
.. to whom issued, aud the date, number, an
no amount, and description OF the bond, bona
&. or Indebtedness surrendered.
8, 10. The plates from which the bonus an
p. fractional certificates authorized by this az
NJ. are printed shall be the property OF u
ha Commonwealth, and shall remain IN Il
keemno OF the said Board Of COMMISSIONS
n Of the Sinking Fund.
, IL. In the year 1890, and annually ther
n after until all the bonds issued under af
in by authority OF this act are PAID, there Sna
nt be separately levied and collected as oth
in taxes are collected a tax OF two cents on II
nd s100 Of the assessed value OF all property
the State subject to taxation for other pu
10 noses. which shall be paid into The IRE
~ sury 10 the credit OF the sinking rune
nr and the Commissioners OF the said Sinkii
10 Fund shall annually, or oftener, apply .
nD Same TO the redemption or purchase (at
rate not above par) OF the bonds issued
,r der this act, and the bonds so redeem
no shall be cancelled by the said Board al
~ The same registered by the Second Audit
III. in book to be kept for the purpose, glVl'
,be the number, the date OF issue, the charactt
no the amount. and the owner at the time
-he purchase OF the bonds 50 redeemed u
he cancelled. o.,,,
INF u. Executors. administrators, ana otht
his acting as tiduciarieS, may invest Id the Don
issued under this act when so authorized
,u. tbe county, corporation, or circuit court,
Ihe which such executor, administrator,
ant other fiduciary is accountable for the tru
70 subject. and the same, when so made, 81
er. he considered lawful investment.
"a. That the semi-snnual interest as
hin NAV become due and payable upon
,is ds iesuad under this act may be prom