The Yale expositor., 1898-04-29

,tates; Provided That no moneys author
lied by this act shall I'm any way be con-
strued as appi.ca BILE for the ordinary eX-
penses of the Naval Militia or Nationa.
Guard, as contemplated by the laws OF
the state making direct appropriations Tor
the genera. expenses or these oIgan n;ar
master General of the State Tor eNpenol-
Auditor General upon proper requisltlons
OF the Quartermaster General, c ertlhea
by the Governor as hereinbefore provided,
for such amounts as they shall deem
necessary from time to time, ana the eN-
pendilures OF the money thus drawn py
the Ouartermaster General, shall. be ac-
counted for under the provisions or the
general accounting laws applicable 10
such cases Provided further Warrants
may be issued by the Auditor Genera. up
on proper vouchers certified by the Cow
enof for advances made by the Quarter
master General Of the state for cXpendi-
lures already incurred for the purposes
herein specified.
Section 4. All claims and accounts ac-
~rung against this State for expenses and
disbursements AUTHORIZED by ms c act
Military Board, in the same manner that
other military accounts are now AUDITED
and allowed but they shall be Kept In the
accounts of the Quartermaster Genera,
as distinct fund. separate ana apart
from the other accounts fept by him.
Section 8. The bonds issued under this
registered In a book provided for this pur-
nose which shall he kept In the Audito'
Generals office. This register shall. con-
tain the date of the bond, the numDer, 10
whom issued and the amount OF each
bond; also the date of REDEMPTION, mum
Ne~ % bond. OF whom received ana
amount OF each bond. There sha.l also 1.o De
kept n the Auditor Generals office a reg
ister showing the date o. the pohd, tue
number, amount, date each coupon Is que
and the cancellation OF such coupons as
raid. with reference to the nmnpe'
of the voucher paying the same. When-
ever any such bonds shall be paid, the
same shall be Immediately cahceIiea Dy
the Treasurer and the Auditor Genera
shall also keep a full record or az. the
bonds taken up and paid, as proV.de'
above. And Immediately after the record
snail have been made as aforesaid. tht
bonds SO paid shall also be cancelled by
writing across the face or each BOND
which cancellation shall be signed by the
Nrditor General and State Treasurer, ana
such bonds thus cancelled shall be flee
with the voucher as the basis of the Audi
tor Generals warrant for their payment.
Section G. For the purpose of providing
for the payment Of the bonds issued
under this act, and the interest thereon
there shall be assessed on the taxable
nronertv 90 the state AZ nYed Nv to Sto+
Board Of Equalization in the year 1896, and
in each year thereafter until the severa
amounts levied under this act shall be
come sufficient to eXtingulsh the deDI
created herein, the sum of one-e!ghth or
4 mill on each dollar of said taxable
property to be assessed and paid into the
'reasurv of the State i'm Ike manner as
sessed and paid. which amount thus levied
hall he credited each year to the war
loan sinking fund as herein directed: Pro-
vided That shorld the last levy necessary
'nder this act produce a credit 10 the said
war loan sinking fund In excess or the
amount required to pay all bonds and in
ferest thereon. such excessive credit i
any shall when all bonds issued unde~
'Nis act and ~ interest accrued thereon
have been paid, be transferred to the
General Fund upon the books OF the state
NJ Cot "a % NHn n "a &c haHN
bv pledged for the payment of princpa
and interest of the bonds which may be
assessed under the provisions of this act
Section s. 1t shall he the duty or the
Governor nv and with the advice an"
recommendations of the State Military
Board, TO eXpend such part OF the above
list. discipline, organize, instruct and
thoroughly arm and equip the military
bodies In this act mentioned for such act
i've service as may be required of them.
Section 3. Not less than three months
before the maturity of the option of the
State TO redeem any or al of the bonds
ssued hereunder, the Treasurer shall give
notice by advertisement for one week IN
two daily papers and for four weeks in
the weekly edition OF the same paper pub
lished I'm the CITY of Detroit designating
OF said bonds which will be redeemed
and the interest on such bonds as
are described in such advertisement
shall cease from the date specified for the
redemption of such bonds: Provided. That
should the condition of the war loan sink
ing fund at the date aforesaid be such as
TO permit of the redemption of only por-
ton of the loan, the bonds to be redeemed
shall. be determined by the State Treasur-
er in the following manner. viz: The
Urea surcr shall cause numbers correspond
ing with the numbers of all bonds issued
under this act to be placed in n box to be
provided for that purpose and shall, In the
presence of the Governor and Auditor
General, proceed TO draw therefrom num-
bers OF bonds equal in amount as nearly
may be to the money in the State
Treasury applicable to the redemption OF
said bonds. The numbers thus determined
shall be the ones used In the advertise
ment herein provided: Provided further
That in case the Treasurer shall at any
time before the State Is authorized to re-
deem any Of the bonds issued hereunder,
have an opportunity 10 purchase any of
said bonds at par with accrued interest
thereon, he is hereby authorized to use
any funds In the treasury available for
this purpose.
This act is ordered to take immediate
effect.
THOMAS Il. DUNSTAN,
President Of the Senate.
WILLIAM ID. GORDON.
Speaker of the House.