Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1889-03-06
STATE OF MAINE BONDS,
STATE OF MAINE.

SIAfE OF MAINE.
TREAsURER's OFFICE,
Augusta. February "a, 1852.
In accordance with the provisions of the following
acf the Treasurer of the State of Maine will receive
proposals at his office in Augusta until noon. March
IL, 1852, for purchase or exchange, AS provided In
said act.
AN ACT to provide for the Refunding of the Pub.
lie Debt.
Be it enacted by the Senate and House of R.pre
sentatives In Legislature assembled rs follows
Section !. For the purpose of rene wing and ex
Tending the bonded Indebtedness of this state
WHEN natures during the year eighteen hundred
ana eighty nine the treasurer of the Stat. is hereby
authorized to issue bonds In sums not less than
one thousand dollars each, with coupons attached
Tor the payment of the interest AT rate not TO ex
coed three per cent per annum, payable semi ANN.
ally, and both principal! and Interest payable in
boston or az the treasury of Maine. The bonds so
Issued shall be PAYABLE to the amount of fifty hous
and dollars per annum for twelve years, heeinninv
with the year eighteen hun bred and ninety seventy
asahd dollars per shnum for ten years, beg inning
wth the year nineteen hundred and two; seventy
eight thousand dollars per anuum, for len wears
beginning with the year nineteen hundred and
tWtive' ana ninety thousand dollars per annum for
'lght years, brginnpg with the year nineteen hun.
urea ana twenty two. In case the balance due on
the public debt In eighteen hundred and eIob,v
nine siai be less than two millions eight hundred
Thousand dollars then the division of yearly pay
shaii De made by the treasurer for the same n,r az
time and iD the ratio that the oreyoiup npnortion
meht bears TO the true amount of the debt then to
signed
The treasurer, countersigned by the Governor and
nttested by the Secretary Of State with the seal of
the ntste the coupons TO be signed BY the treasurer
only. or the name of the treasurer may be engraved
tnereoh. The treasurer, with the approval Of the
Governor in writing, shall have the right to me-
R"tate the sale of the bonds aforcs and shall nd
verise for proposals for the same in such psners ne
ne may deem expedient, with the right to accent or
REJECT any or ali proposals.
section 2. The Treasurer Of state with the an
Pro.ai OF the Governor In writing Is hereby author
yea, al any time after the passage of this act TO
issue ana exchange any of the bonds authorized by
section one Of this act, for equal amount of the
bonds OF the state, now outstanding on such terms
a. IN MS judgment. and in the opinion Of the GOV
ernor, shall be advantageous to the state
section 8. These new bonds shall be dated as Ia
sued but the interest shall begin to accrue there
on until the first day of June, eighteen hundred.
and eighty nine.
section !. The Treasurer Of State with the an
provo OF the Governor in writing is hereby author
lxed to sell any portion all of the bonds In the
SINKING fund, and may apply the proceeds thereof
TO The purchase Of such out standing bonds Of m,
state AS may be obtained but in both cases at price.
Whch, IN his opinion, and in the Judgment Of the
GOVERNOR. shall be advantageous to the state.
section D. All acts or parts Of acts incon-l stent
WIN ini- act are hereby repealed.
section o. This act shall take effect when ap
proved. ny
Approved February 20, 1859.
me rate OF interest i three per cent per annum
payable semi annually. June l. and December l.
he treasurer re- erves the absolut" right 10 reject
any or all proposals..
GEO. l.. BEAL,
marfdiw Treasurer Of State.