The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1898-04-20

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 general
accounting laws applicable to such
cases. Provided further. Warrants may
be issued by the auditor 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 for the
purposes herein specified.
Section T. All claims and accounts
accruing against this state for expenses
and disbursements authorized by this
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 shall
be kept in the accounts of the quarter
master general. as a distinct fund, sep
arate and apart from the other ac-
counts kept by him.
Section 8. The bonds issued under
this act shall be numbered consecutive
ly and registered in book provided for
this purpose, which shall be kept in the
auditor generals office This register
shall contain the date of the bonds, the
number. to whom issued. and the
amount OF each bond: also the date Of
redemption, number OF bond. OF whom
received and amount of each bond.
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 and
the cancellation Of such coupons as are
paid, with reference TO the number Of
the voucher paying the same. When
ever any such bonds shall be paid, the
same shall be Immediately cancelled
by the treasurer and the auditor gener-
al shall also keep a full record OF all
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 face OF
each bond, which cancellation shall be
signe1 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 generals
warrant for their payment.
Section 6. For the purpose OF provid
ing for the payment of the bonds is
sued under this act and the interest
thereon. there shall be assessed on the
taxable property Of the state as fixed
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
sufficient to extingush the debt
created herein. the sum of u OF
a mill on each dollar of said taxa
BILE property to be assessed and paid
into the treasury Of the state in like
manner as other state taxes are by law
levied. assessed and paid, which
amount thus levied shall be credited
each year to the war loan sinking fund
as herein directed: Provided, That
should the last levy necessary under
this act produce credit to the
said war loan sinking fund in excess of
the amount required to pay all bonds
and interest thereon. such excessive
credit if any shall when all bonds is
sued under this act and all interest ac-
Crued thereon have been paid, be trans
ferred To the general fund upon the
books of the state.
Section Z. The faith Of the state is
hereby pledged for the payment Of
principal and interest Of the bonds
which may be assessed under the pro-
visions of this act.
governor, by and with the advice and
recommendations of the state military
board, to expend such part of the above
fund as may be necessary to recruit
enlist, discipline, organize, instruct and
thoroughly arm and equip the military
bodies in this act mentioned for such
active service as may be required Of
them
months before the maturity OF the OPP
ton of the state to redeem any or all
of the bonds issued hereunder. the
treasurer shall give notice by advertise
ment for one week in two daily papers
and for four weeks in the weekly edi-
ton of the same paper published i'm the
city of Detroit designating the time
when, and the number OF said bonds
which will be redeemed and the interest
on such bonds as are described i'm such
advertisement shall cease from the date
specified for the redemption of such
bonds: Provided. That should the con-
dition of the war loan sinking fund at
the date aforesaid be such as to per-
NIT the redemption of only portion of
the loan. the bonds to be redeemed
shall be determined by the state treasur-
er in the following manner, viz: The
treasurer shall cause numbers corre-
spending with the numbers OF all bonds
issued under this act to be placed in
box to be provided for that purpose
and shall. in the presence of the gov
ernor and auditor general, proceed to
draw therefrom numbers of bonds
equal in amount as nearly as may be
to the money i'm the state treasury APP
plicable to the redemption of said
bonds. The numbers thus determined
shall be the ones used in the advertise
ment herein provided: Provided fur
Their. That in case the treasurer shall
at any time before the state is author
lied to redeem any OF the bonds issued
hereunder, have an opportunity TO
purchase any of said bonds at
par with accrued interest there
on, he is hereby authorized to use
any funds i'm the treasury available for
this purpose.
This act is ordered to take immediate
effect.
Approved April 10, 1898.
AN ACT
To Promote the Efficiency Of the Michigan