The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1882-06-07

G the uifeCtlOn OF TIE 6ONetnOf anu Sdl'
/, State officers aforesaid sufficient mum
5 Der of well-engraved bonds TO take NJ
] and fund all the said unpaid bonds anC
coupons of the State, and upon eacl
: coupon of the bond so prepared tht
= signature OF the Treasurer and Comp
troller shall be engraved and the SAID
coupons shall be numbered with tho
) number of tho. bond to which they arc
attached, and shall show on their face
when they fall due and the amount OF
interest due on each. The cost of en-
craving and preparing said bonds and
coupons shall be paid out of tn Treas
based upon the certificate of the Gov
ernor; the same shall be paid out of any
money in the Treasury not otherwise
appropriated. Said State officers shall
utilize all plates and material as far as
practicable now owned by the State.
SEC. 6. Be it further enacted, That
said officers are authorized to demand
and receive as compensation for their
services, in carrying out the provisions
Of this act, the sum of two dollars for
each bond, TO bepaid by those receiving
the compromise bonds, as provided by
this act.
SEC. I. BE IL further enGcted, That The
Secretary of State, Comptroller and
Treasurer shall carry out the provisions
of this act, and any two of whom shall
constitute a quorum TO transact all the
business imposed upon them by this act
and may fund the States Indebtedness at
Nashville or elsewhere, as they may
deem wise and proper to enable holders
| of Tennessee bonds and coupons to
fund them under the provisions of this
act.
SEC. s. Be it further enacted, That
the bonds authorized to be issued by
this act shall be substantially in the fol-
lowing: Compromise Bonds of the
State Of Tennessee. Know all men by
these presents, That the State of Ten
nessee hereby promises to pay to the
bearer on the first day of January, A. ID.
1919, at the Treasurer's Office at the
Capitol of Tennessee, in the city OF
Nashville, Tennessee, the sum Of
dollars in the lawful money of the
;United States of Americs, with interest
at the rate of three per cent. per annum
on the first days of July and January
n each and every year up to and in
cluding the first day of January, 1884,
four per cent. per annum payable semi
annually on The first days of July and
January Of each and every year up to
and including the first day of January,
1886, five per cent. per annum payable
semi. annually on the first days Of July
and January of each and every year mp 10
and including the first day of January,
1888. Six per cent thereafter until the
maturity Of the bonds as evidenced by
the coupons hereto attached. But this |
bond may be redeemed by the State at
any time after the first day Of January, |
1888, by paying the principal and ac-
crued interest. For the prompt pay
ment of the principal and interest, the
faith, honor and credit of the State are
solemnly pledged. This bond and cou-
pons are issued in pursuance to and un-
der the act Of the General Assembly of |
the State of Tennessee, entitled "An
act to compromise and fund the bonded !
Indebtedness of the State of Tennessee"
approved the-day Of, 1882
In witness whereof, I,-GoYernor |
of the State Of Tennessee, have hereun-
to signed my Dame officially and caused |
the same to be countersigned by the Sec
retary of State, and the great seal of the
State to be affixed.
Done at The Executive Department |
Of the State, in the city of Nashville, |
this the first day of January, A. ID. !
1882.
SEC. o. BE it further enacted, That |
the funding under this act shall cease
on and after the first day of January,
1898.
SEC. 10. Be it further enacted, That
said State officers stall make their re-
port TO the next General Assembly how !
they have executed the provisions of this
act, and shall state in said report the
number and amounts and dates of
bonds and coupons cancelled, and the
numbers and amounts of bonds and |
coupons issued in compromise OF said |
cancelled bonds and coupons, and shall
preserve all said cancelled bonds and /,
coupons for inspection by the General |
Assembly. and no interest shall be paid |
on any bond not so itemized and re-
ported. This act shalltak effect from
and after its passage, the public well
fare requireing it.
Passed May 10, 1882.