The daily gazette., 1881-02-12
ghs 9aily 'Gasetts.
FIRST EDITION.
the LEGISLATURE.
Specially reported for the Gazette.
Dover, Feb. Ii, 1881.

Specially reported for the Gazette.
Dover, Feb. II, 1881.
The Legislature held brief session
this morning, and adjourned until
three o'clock Monday afternoon. The
proceedings were as follows
SENATE.
The following bills were introduced
and read
BY Mr.. Belts, an act to amend an
act entiGled an act to il corporate the
Front and Union Street Railway.
By Mr.. Pennewill, an act authoriz-
ing the execution of deed of the real
estate Of Henry Lieberman.
BY Mr.. Cooch an act 70 incorporate
the New Castle Loan Association, of
New Castle.
The joint committee on that part Of
the Governors Message relating to the
funding of the State debt reported
bill.
Rule IA was suspended, the bill read
& second time by title and five hundred
copies ordered to be printed.
The following bills passed
The act Incorporating ihe Athenoan
| Library Society of Delaware College.
The act authorizing the Town Com
missionefs Of Seaford to sell market
space.
The act relating TO certain public
roads in st. Georges and Red Lion
hundreds was read second time.
Tho act to incorporate Hollie wood
Cemetery, OF Harrington, was read a
second time and referred TO Committee
on Corporations.
Adjourned
HOUSE.
Mr.. Graham called up for its third
reading aud final passage act diyorcing
Laura K. Drake from her husband. On
Mr.. Bradford's motion II was postponed
until Tuesday at 10 o'clock.
Mr.. Bradford gave notice OF an act to
incorporate the Penn Loan Association,
No. 2 Of Wilmington, and of an act In
relation TO evidence.
| Mr.. Robinson introduced remon.
STRANGE from Joseph Teas Company aud
300 Others OF Wilmington against the
passage OF the Delaware Western bill.
| Mr.. Register called up for second
reading his act amending the act to regu-
late expenditures Of the New Castle
County Levy Court and moved that 1t
be referred " the Revised Statutes Com.
mittee. Mr.. Townsend objected as the
bill interests New Castle County and
no New Castle member had been con
suited.
He therefore asked II be referred to a
special comnlttee Of New Castle men,
bers. Mr.. Bradford, beiLg chairman Of
the Revised Statutes committee, was
excused from voting. Mr.. Registers
motion was adopted by strict party
vote.
Mr.. McNiel introduced an act in rela-
ton TO the Wharton Branch Canal In
pTovement Co.
Bills were read second time as fol-
lows: In relation to meetIngs of the L.
W Court; Incorporating the Klamensi
Mill Company; stock laws for districts
4s New Castle and l5 Sussex counties.
Adjourned.
The bill for the conversion OF the
State debt into per cent. bonds has
been mAtured. The following abstract
contains Its main features
/. The State treasurer is authorized
to advertise for bids for the whole
amount Of the loan for thirty days prior
to the first day of May, 1881, In three
daily newspapers Of Philadelphia, two
daily papers Of New York, and -four
Delaware papers, two of which shall he
Wilmington papers.
2. The secretary of State, State treas
urer and State auditor are constituted
commission, with authority TO open The
bids on the first Tuesday of May, 1881,
and award tho loan to the highest bid
der or bidders.
2. Provides that in case no bids are
received the State treasurer shall read.
advertise for lids twenty days prior to
10 1st day Of June, 1881.
4. 1t is made the duty Of the State
treasurer Immediately after the award
OF the loan he cause TO be prepared
bonds TO the aggregate amount of $S47,-
900 In denominations of So 900, 81 900,
$500 aud 500 respectively, In such pro-
portions as shall have been designated
in the proposals OF the successful bid
Ter or bidders. The bonds shall be di-
vided into three series designated re-
spectively as ga" "B," and &C." Series
"Ar shall comprise bonds To the amount
Of $3.50, 200, series "B" $s00,000, and
series &c" $2o7, 900. These bonds shall
| Dear interest at The rate oil four per
cent, payable semi-annually-on the
tirst days Of July and January-either
At the Philadelphia National Bank or
the Farmers Bank at Dover, on preseD-
stion Of the coupons representing the
interest. These bonds shall be dated
July /, 1881. Series "A" shall be pay
able July /, 1885, and redcemabls at the
option OF the State any time after July
/, 1882. Series "B" shall be payable
July i, 1891; redeema5le at the option
# the State at any time after July l,
1901 redeemable at the option OF the
State after July l, 1891.
s. 1t provides for the readvertisement
# proposals, provided they are not OBJ
aimed by the two advertisements.
o. Gives the form Of notification TO
successful bidders.
7. All the moneys received by the
state treasurer from the sale of these