The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-01-12
Second Auditor.
nrcnsnrer.

-, Treasurer.
This certificate so issued shall be regis
tered by the Second Auditor in register
kept for that specific purpose, giving the
date and number OF the transaction to
which IL relates, the amount OF the same,
and the name OF the person or corporation
10 whom 1t was issued; and as such certifi-
Gates are refunded, the same shall be cam
celled and preserved as herein provided In
respect to other obligations refunded.
8. All the bonds and certificates OF debts
and evidences OF past-due and unpaid in
terest taken in under the provisions OF this
act shall be cancelled by the Treasurer in
the presence OF the Board OF Commissions
ers OF the Sinking Fund as the same are
acquired, and by the Treasurer the same
shall be carefully preserved until such time
as the General Assembly may otherwise
direct. \ schedule OF the bonds, certfi-
Gates, and other evidences OF debt so can
cellcd from time to time shall be certified
by SAID Board and filed with the Treasurer
for preservation.
Q. All the coupons and registered bonds
and fractional certificates issued under this
act shall be separately registered by the
Second Auditor in books kept for the spe-
cific purpose. and in each ease giving the
date, number, and amount OF the obliga-
tions issued, and the name OF the person or
corporation TO whom issued, and the date,
number, amount. and description OF the
bond, bonds, or indebtedness surrendered.
10. The plates from which the bonds and
fractional certificates authorized by this act
are printed shall be the property Of the
Commonwealth, and shall remain i'm the
8 4 ~
OF the sinking Fund.
II. III the year 1890, and annually there
after until all bonds issued under and by
authority OF this act are paid, there shall be
set apart OF the revenue collected from the
property OF the State each year "a per cent.
upon the bonds at the time outstanding,
which shall he paid into the treasury to the
credit II the sinking fund; and the Com
missionerS OF the said Sinking Fund shall
annually, or Oftener, apply the same to the
redemption or purchase OF Cat q rate not
above par the bonds issued under this act;
and the bonds so redeemed shall be cam
ccled by the said Board. and the same re-
gistercd by the Second Auditor in a book
to be kept for the purpose, giving the
number, the date Of issue, the character,
the amount, and the owner at the time OF
purchase Of the bonds so redeemed and
cancelled; and in case no such purchase OF
bonds can be made. then the amount which
can be redeemed shall be called i'm by lot.
as provided in section OF this act.
u. Executors, administrators, and others
acting a. i;duciaries, may exchange any
State bonds held by them as provided and
for bonds issued under this act, and when
so authorized by the court having jurisdic-
ton in the premises; and the same, when
so made, shall be considered a lawful in
yeStment.
13. The Treasurer OF the Commonwealth
is authorized and directed to pay the inter
est on the bonds issued under this act, as
the same shall become due and payable, out
Of any money in the Treasury not otherwise
appropriated.
ii. All necessary expenses incurred in
the execution OF this act shall be paid ont
OF any money in the Treasury not other
wise appropriated, on the warrants Of the
Auditor OF Public Accounts drawn upon
the Treasurer on the order OF the Board OF
Sinking-Fund Commissioners.
10. This act shall be in force from it, ap-
proyal.