Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1901-11-14

TraIn,.. GPage 369. senate journal. 1871
OF a ayes and 2 noes (Steel and Web
voting in the negativel. Among the lead
ing republicans recorded as voting for
the bill may be mentioned: Allen. Of
St Louis county; Bell. of Jackson: Bon
nam. OF Andrew; Bryant, of Douglas;
ton: G~rabenhorst. of St. Charles; Harper.
OF Putnam Hayhurst, of Franklin: Horn
oeas; OF Christian Landenburg. Of Gas
Louis city; Neville. of Harrison; Norris,
OF Ozark; Preston, of St. Louis city:
Snidow. of Hickory; Taylor. of Grundy'
ana others. page zoos. house journal
NSl) The bill with emergency cIause)
was approved March q. 1881 (p. 2O4. Laws
ers to issue a non-negotiable certificate OF
indebtedness. payable 30 years after date,
amount of the q Missouri state 6 ner
cent. bonds. and the 5000, 600 certificate of
Indebtedness then held in trust by the
state for the school fund, to be "sacredly
preserved in the state treasury for the
permanent school fund of the state" and
another 6 per cent. certificate for the 122
missouri state 6 per cent. bonds belonging
70 the seminary fund. Whereupon the
Iund commissioners issued a consolidated
STATE cert1hcate of Indebtedness to the
state board of education for 81, 500, 900. and
the records show that the 100 bonds and
the liberal republican administration on
July l. 1S12-were duly Cancelled as the
law directed. Section 5 provides that the
certificates of indebtedness issued under
the act just quoted shall remain a sa-
cred and irrevocable obligation of the
state. unconvertible and untransferable
Tor the purpose of its issue, but shall re-
main as so much of the permanent schoo
fund and of the seminary fund as is rep
FsG9RTgd n thslT am9Tn RtSr rssP Pee CE
TIFICATES DIRECTED.
On the llth day of January, 1883. Sena-
tor Thomas " Bryant introduced senate
bill No. 80. entitled IAN act to provide
for the permanent investment of any
moneys remaining in the state treasury
| and belonging f0 taithcr fha sD,hIio CaINNol
Fund or Seminary Fund of the State,
or that may hereafter be paid into the
said funds, and to provide for canceling
any Missouri State bonds now held by
any educational institution under the con-
trol of the State by issuing therefor Ger
tthcates OF Indebtedness of the State
bearing 5 per centum interest per an
with the clause. Received ey,
cry vote cast in the senate, viz: Senator's
Baldwin, Bland, Bridges, -Britts. Bryant.
Cresap, Dilley, obyns Downing, Dun
gan, Edwards. of Lafayette; Edwards. of
s. Charles; Farris. Halliburton, Heard,
Hntf; Ja o;Rr;sn MeSM IiIE hahnistre; Nor
Rouse. Stephens. Walker, Wear and yam
cey-total. %; absent. Senators Hathaway
Allen and Davis. page 243, senate Jour
nal, 1881 On March 3 and 80 the senate
bill was amended by the house, and the
bill. as amended. passed on the iast-men-
toned day by a vote of n ayes and p
noes: The members voting for and
Il against the Dill belonging TO both pOIti-
cal parties, and among those recorded as
voting in the affirmative may be mem
toned such distinguished leaders of the
republican party as Allen, of ST. Louis;
Hackney, of Miller; Harrington, of Adair;
Whitmer. Of Holt; Whybark. OF Bollin-
Franklin, G~rabenhorst, of St. Charles;
Wade, of Greene, and others. page 1913,
house journal, 1888. The house amend
vote of ayes, 10; noes, 1 Senator Bald
VIM. The bill was approved March 81,
1888 (p- $50, Laws, 1889.
Under the act of 1888, five certificates
Of Indebtedness were issued to the school
fund, amounting to $4,000. and II to the
BONDED DEBT REDUCED BYTRANS-
FERS TO SINKING FUND.
No state bonds have been taken up I'M
der the act of March 81, 1888, and it is
proper to explain that while this act does
not require the school and seminary fund
edness are issued, to be placed in the
sinking fund and used for the reduction
of the public debt. IL has evidently been
the settled policy of the various state
administrations since the passage and APP
prevail of the act not to issue certificates
in excess of the amount of money trans
fund or revenue fund, to the sinking
fund to pay off bonds, so that the debt
of the constitution, by reason of the issue
of certificates. An inspection of the books
of this department shows that the fol-
lowing sums of money have been trans
ferred from the funds just mentioned to
the sinking fund and used for the reduce
ton of the bonded debt since the passage
of the act of March 81, 1888:
From the revenue fund ........$ 56S 600 90
From the school fund d. -..... 225, 900 90
From the seminary fund ...... GA, $50 q
Total amount transferred to
sinking fund ................s 81. 467. 95S %
The total amount of certificates
of indebtedness issued to the
school fund since March 81,
lSN5 233 th0 IN
The total amount of certificates
of Indebtedness issued to the
seminary fund during that
time ..----.-.-.- -.-------..----.- I.11S,SSS AZ
Total amount of certificates
issued ...-...--- .-------..-.---..S1 362, $50 AZ
1t will be noticed that sos. 1881 more
money has been put into the sinking fund
to Day off bonds Grom other sources than
the state interest fund.-, than the aggre-
gate amount of certificates issued to the
school and seminary funds under that
STATE SEMINARY FUND.
The treasurer gives an account of the
states that the following are the certif-
Gates of Indebtedness outstanding:
CERTIFICATES OF INDEBTEDNESS
OUTSTANDING.
School certificates:
Under act of March
Under act of March
81. 1883 .....-.... 249. 1000 90
Total school certificates. S,I5s,e 600 90
Seminary certificates:
Under act of March
q. 1881 ............$ 122, 900 90
Under act of March
81, 1885 ....-..--. Al, 900 90
Under act of March
&c. 1881 .....-....... 646, SOS q
Under act of April
2, 1879 ..-..--.-...s ZZ.S1 ~
Total seminary certificates 81, 2S5, $50 a
Total school and seminary
certificates outstanding
January 1, 1901 .-............$4 81, SS3, $40 -
STATEMENT.
SHOWING CONDITION OF THESTATE
SCHOOL AND SEMINARY FUNDS
ON JANUARY /, 1901.
ness:
s pc. con. July i, 81, act Mar.
S pc. July /. IS. act Mar. 81. IS. 1880 90
S Dc. Apr. Is, 'S5, act Mar. 81, SO. POI, 600 90
5 pc. Jan. 2. ,S6. act Mar. 81, SO. 1000 90
5 DC. July /, 80, act Mar. 81, SO. 5000 90
) pc. July /, IS, act Mar. 81. SO. Is. 600 90
Total certificates ............sS S, 15s, 900 90
Cash in treasury uninvested... 3T3 40
-
Total school fun S,15S,97 10
Seminary Fund Certificates:
6 pc. July 1. 81, act Mar. q, SIS 122. 900 90
5 DC. July 2, SO, act Mar. 81, 'S2. 242, coo 90
5 DC. Nov. I, SO, act Mar. 81, 49, 5000 90
5 pc. Jan. %. "a, act Mar. 81, IS. 100000 90
5 pc. Jan. 80, "a, act Mar. 81. 50. 5000 90
: M nj 10 sQA ont NEor u tS9 . y OG ~