Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1889-03-09
STATE OF MAINE BONDS,
STATE OF MAINE,

TRLAsuRER's OFFICE,
Augusta, February 27, 1859.
In accordance with the provisions of the followinp
act the Treasurer of the State of Maine will rroeiy,
proposals at his Office in Augusta until noon March
Y, ,ess, for purchase or exchange, provided In
AN ACT to provide for the Refunding Of the Pub
lie Debt.
BE 1t enacted by the Senate and House of Repre
sentatives in Legislature assembled as follows
section !. for the purpose of renewing and ex-
tending the bonded Indebtedness Of this State.
which natures during the year eighteen hundred
and eighty nine the treasurer of the State is
authorized to Issue bonds in sums not less
one thousand dollars each. with coupons attached
Tor the payment OF the interest at rate not to ex.
ally. and both principal and Interest payable in
Boston or at the treasury of Maine. The bonds so
lssnsd shall be payable to the amount of fifty thous
ana dollars per annum for twelve years, heginniDR
with the year eighteen hundred and ninety seventy
thousand dollars per annum for ten wears beg
with the year nineteen hundred and two: s.yenty9
eight thousand dollars per annum, for ten wears
beginning with the year nineteen hundred and
WE'VE. ana ninety thousand dollars Der annum for
eight years, beginning with the year nineteen hun
dred and twenty two. In case the balance due on
tne public debt In eighteen hundred and eighty
nine shall be less than two millions eight hundred
thousand dollar, then the division of yearly payments
shall be made by the treasurer for the same Of
ne' AND In the ratio that the foregoing apporton.
hent bears TO the true amount of the debt then to
be renewed, Each bond issued shall be signed bv
the treasurer, countersigned by the Governor and
a"s.eu ny tht Ntcfelhfy OF state with the seal of
Inc State the coupons to be signed by the treasurer
only, or the name of the treasurer may be engraved
tnertoh. lhe treasurer with the approval of IN,
"overnor In writing. shall have the right 10 m.
go'iate the sale of the bonds aforesaid aud ali nd
.ertise Tor proposals for the In such pnners M
ne may deem expedient. with the right to accent ar
reject any or all proposals. " "e''p' VT
Section 2. The Treasurer Of state t,, A.,
Proth OF the Governor In writing, is hereby author
eu, ~ any time after the passage Of this Act. 10
anu eNehange any Of the honds authorized by
".s oi TINS act for ap equal amount of th..
a. ~ ~ inc state, now outstanding on such terms
., ~ nj JuaRiAen Ut, and In the opinion Of the Gov
ernor, shat be advantageous to the state.
sscuoh r these new bonds shall be dated Ms ia
put the interest shall begin to accrue there
IN un'L me hrst day of June, eighteen hundred
and eighty nine.
sections I. The Treasurer of State with IN. nm.
ro,M OF the Governor In writing 10 hereby author.
~ 70 seh any portion or all Of the bonds in the
~ ~ lund. and may apply the proceeds thereof
~ we purchase OF such out standing bonds of the
state AS may be obtained hut in both cases nj prcc
~hch, IN bis opinion, and In the judgmen Mt Of the
Governor, shall be advantag eous to the STATE.
Stcilon D. All acts parts of acts inconsiste Mt
with this act, are hereby repealed.
Section a. This act shall take effect whom nm
proved. VIM" ny
- Approved February 20, 1885,
The rate of interest Is three per cent per annum
pay able semi annually. June l. and December l.
The Treasurer the absolute right TO reject
any or all proposals.
GEO. l.. BEAL,
marsdi" Treasurer OF State.