Year: 1861

conrenon assemd That all moneys in the state trea- sury which have been received from the sale ot seminary saline internal improvement and swamp lands, and all other public lands within the and all moneys now Tn the hahus of the various land officers and in the various ana oces throughout the arising from te sales of the lands above mentioned and all moneys which hereafter arse rom the sale of the same hereby consolidated and appropriated as

 part of the of the state to be used Tor military or other state purposes and all further contracts for the

 on of swamp lands by the to be paid out of the swamp land fund, otherwise, hereby forbidden; anu all of'e distribution the counties of the arising rom e sas of the seminary, saline and internal mprovem n lands Is hereby forbidden; Pr0vded That all contracts made by the

 for the reclamation of swamp lands previous to the ht day May A. D. lS6l may discharged of the swamp land fund in the and under the terms provided for W existing laws and that the dividend due to counties from the seminary saline and internal improvement funds on the hst day of January A. D. l66 may be pad s heretofore ana the appropriations of portions of the saline and seminary unds heretofore made for the blind institute shall not De defeated y this ordinances And prordd Te That an account shall be kept of the receipts into the treasury from each swamp lana district for the purpose of future adjustment with said districts and all where the has made any grant o lands any specific purpose has apart invested lands

 any such pupose for railroads recamaon or apy purpose of internal the proceeds arising rom the sale o said lands as contemplated by this ordinance shall constitute

 fund subject be appropriated by the General Assem- by for such purpose and object whenever peace may be restored and that end the state will account Tor the same with interest thereon ohc ocmpued on the ePec

 tive received into the down 10 the close o eac fiscal year.

 SEC D state tax for the year 1862 shall be levied on all the objects of enumerated in sections and two Goulds Digest and OH all of over ana aooVe Ills liabilities hand at the time oi the assesslnent amounting third ot cenum on the assessed value thereof ior the said year. and supplemental tax of onesXth o one per centum shall levied all such objects ot taxation for the year S and shall be the duty of each clerk of the county issue his warrant to the collector of.hs county commanding him to collect supplemental tax of one all objects assessed Tor taxa tion for purposes r the year S6l and such collector shall collect and for the n the manner no" required by law Proridd That hecors and collectors oi revenue shall allowed any conpenstion for assessing orroecng the extra taxes auhodze to be levied and col Rleced by this ordinance

 the state bonds be denomnated Arkansas war bonds 10 the amount millions of dollars for the sums o i've ten twenty fiy one hundred hundred, three hundred four hundred and five hundred dollars each property eered mum bered and registered by each of which bonds the state sh promise pay the therein speced o the bearer at te expiration of five years from the irs day ct July A. p lool with interest the rate of eight per cehtu per ahhn rom the date thereof with coupons attached for the payment o said interest The sh keep well bound book in which he shall register each sale of said bond the amount and date of each bond and the game o the purchaser when 'n said ready for sancc the treasurer shall present the saae to auditor who shall cotmtegn the same keep

 record thereof them the treasurer and charge h' with the the books in the auditors office; f0rlfd That the military board shall have power to direct the auditor all cases draw warrants for specie or bonds as they may

 SEC f. The sum of one hundred and sixty thousand dollars annually much thereof may be necessary 10 pay me bonds actually sold out of the revenue o the Sa1e hereby appropriated the payment o the interest on he bonds be issued hereinbeoe provided t"F winch interest shall be due and payable on ca, oi ald boS at t | & " every months the date thereof and the coupons hefe nbcoe mentioned shall be so arranged and printed as to con form to the provisions this section for the payment of sd interest and the shall upon the payment "f the reVe each year, into the state treasury sct apart ana c'

 sufficient of said revenue to be devoted ana appfo pated solely payment of the interest on such oi sa bonds may have been negotiated winch interest snail DC made ayable ct the state treasury ~ T.

 SEC The bonds herenbeore provided Tor snail pc o"ereu for sale by the treasurer and he shall publish proposals tor the said bonds be made at his oicc and Fuch other places he may designate in said proposals; ahd a uo$ arising from the sale said bonds shall constitute part o of the for military and other state purposes

 SEC G. The faith the State of Arkansfs and all the pup

 lie lands thereof hereby pledged for the payment and redemption of said bonds ,

 SEC T. When there are such sufficient par funds in the treasury pay any warrant drawn by the auditor (""u disturbing the amount set apart discharge the interest on the bonds shall be the duty of the treasurer to issue to to the holder of such warrant treasury W,f'" " ' dne bearing interest the of eight per ccntu per annun from the of the and payable to the person entitled to such warrant, or to bearer.

 SEC The treasurer shall keep register m well oou"u book of all warrants issued by him. aud shall issue such war rants such form and with such devices s may ne pest cal culaed to prevent frauds upon the treasury we shall be dated and numbered, and Pal according to c,f and number No warrant later date shall be pad unti all of prior date and number shall have been pad unless when may be funds enough in the treasury pay all

 por date and number when such may be the case It shall the duty of the treasurer especially to SCI aPa. sufficient fund to all warrants oi Pro uae M and % which are npresened and apply the residue o the funds on hand to the payment of those presented the regular ode of date and number Prorded houeur That such warrants shall at all mes be receivable from collectors and receivers of state revenue, without regard to date or nunpef

 SEc O. No due from the state except interest upon he bonds authorized by this ordinance shall De pad rom the

 treasury in par funds whilst there any outstanding ana unpaid warrants scrip unless when there may pc funds enough in the treasury pay all outstanding warrants which shall be apart for that purpose and the residue on hand applied to the payment ot such dues .

 SEC The bonds authorized to be Issued "h coupons attached to the rame and treasury warrants with interest due thereon shall be receivable, par payments o debts que to the Bank of the State of Arkansas and Heal s'e DahN of the State of Arkansas payments for any debt due to the state either in her right uee n payment Tor the of any lands belonging to the sate ana Tn of state !,

 S H. Every collector of revenue and other agent tor the securing of moneys the stae shall into the state treas

 

 it be in treasury warrants bonds coupons, coin and every such collector agent and bank officer shall lndoe on each treasury warrant bond and coupon winch ne snail receive with the provisions of th ordinance the name of the whom he received the same and the date upon which he received it. from the date of which ndorsement such bond treasury warrant as the case may De-