The Owosso times. (Owosso, Mich.) 1897-1926, 1898-04-29

ter general, certified by the governor
as hereinbefore provided, for such
amounts as they shall deem necessary
from time to time. and the expenditures
of the money thus drawn by the quar-
termaster general shall be accounted
for under the provisions of the generai
accounting laws applicable to such
cases. Provided further, Warrants may |
be issued by the aIeitor general upon
proper vouchers certified by the gov
ernor for advances made by the quar-
termaster general of the state for ex-
penditures already incurred Tor the
purposes herein specified.
Section 4. All claims and accounts
accruing against this state for expenses
and disbursements authorized by inns
act. shall be audited and allowed by the
state military board, in the same man
ner that other military accounts are
now audited and allowed, but they shaii
be kept in the accounts OF the quarter
master general, as distinct fund' sep
arate and apart from the other ac-
counts kept by him.
Section 6. The bonds issued unuer
this act shall be numbered consecutive
| ly and registered in a book provided lor
| this purpose, which shall be Kept In the
| auditor generals office. This register
shall contain the date of the bond, the
| number, to whom issued, and the
| amount of each bond; also the date or
| redemption, number Of bond, or whom
| received and amount of each pono.
| There shall also be kept in the audi
tor generals office a register showing
the date of the bond, the number.
amount, date each coupon is due ana
the cancellation Of such coupons as are
| maid. with reference to the number OF
the voucher paying the same. When
| ever any such bond shall be PAID, the
same shall be Immediately canceleu
bv the treasurer and the auditor gener-
al shall also keep a full record or all the
bonds taken up and paid as PROVIDED
above. And Immediately after the rec
ord shall have been made as aforesaid
the bonds so paid shall also be can
celled by writing across the race Oh
| each bond, which cancellation shall Ne
signed by the auditor general and state
treasurer and such bonds thus can
celled shall be filed with the voucher
as the basis Of the auditor generar
warrant for their payment.
Section 6. For the purpose of provld-
| ing for the payment of the ponos Is
sued under this act, and the interest,"
thereon, there shall be assessed on the
taxable property of the state as nxeo
, by the state board Of equalization IN
the year 1896. and In each year
thereafter until the several amounts
levied under this act shall become
z | sufficient to extinguish the debt created
| herein. the sum of "a Of a mill on each
dollar of said taxable property to be as
sesssed and paid into the treasury OF
! | the state in like manner as other state
q taxes are by law levied, assessed anc
maid. which amount thus levied shall OF
n credited each year to the war loan sink
ing fund as herein directed: Provided
\ | That should the last levy necessary un
y der this act produce a credit TO the sal'
a war loan sinking fund in excess OF th'
n amount required to pay all bonds an'
r. interest thereon, such excessive ofeai
Il | If any shall when all bonds issued uh
l. | der this act and all interest accrue'
o. thereon have been paid, be transferre'
: to the general fund upon the books
g the state.
al Section Z. The faith of the state
h | hereby pledged for the payment Q
= principal and interest of the pono
!, which may be assessed under the pro
lie visions of this act.
lr Section 8. 1t shall be the duty OF Tn
l. governor, by and with the ADVICE an
y recommendations of the state miiltar
n board, to expend such part or the apoV
y, fund as may be necessary to recrul
& enlist discipline, organize, instruct an
l. thoroughly arm and equip the militar
Of bodies in this act mentioned for sue
IN active service as may be required
IN them,
y, / Tot
Id months before the maturity Of the OF
n ton of the state to redeem any or a
in Of the bonds issued hereunder, II
as treasurer shall give notice by advertise
ne ment for one week in two daily papel
be and for four weeks in the weekly ed
nd ton of the same paper published in II
city of Detroit designating the tin
t. when. and the number of said bone
u which will be redeemed and the intere
g. on such bonds as are described in sue
It advertisement shall cease from the da
he specified for the redemption or SUI
as bonds: Provided, That should the CO.
lot dition of the war loan sinking fund
)O) | the date aforesaid be such as to pc
nd NIT the redemption of only portion
tie the loan. the bonds to be redeem
of | shall be determined by the state trea
ms urer in the following manner, VIZ: i
,th | treasurer shall cause numbers corr
In sponding with the numbers OF all bon
be issued under this act to be placed in
for box to be provided for that purpo
yer and shall, in the presence OF the go
ity ernor and auditor general, proceed
be draw therefrom numbers or bon
al, equal in amount as nearly as may
ne to the money in the state treasury q
W. plicable to the redemption OF So
EN- bonds. The numbers thus determin
shall be the ones used in the adverti'
ON ment herein provided: Provided II
,u- Their, That in case the treasurer sh
INTO at any time before the state is auth'
dit ICED to redeem any of the bonds issu
WIN hereinunder, have an opportunity
the purchase any of said bonds
av- par with accrued interest the
nal, ON. he is hereby authorized to
OF any funds in the treasury available
ate, this purpose
f,ed This act is ordered to take immedi
ISL effect.
aci- Approved April is, 1898.