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pay no interest.
from drawing warrants U11 Treasury upon certiticates,
supplementary to an act entitled An Act to provide for the payment of Claims,”” approvedl February 14th, 1859, or either of said last two mentioned acts, or from payı any warrants drawn Shall pay no warby the Auditor of the late Territory of Kars upon the Treasu- Tirritery or rer of said Territory, or any certificate of award issued by the Board of Claim Commissioners under the provisions of both or either of said last mentioned acts.
Sec. 2. That said Treasurer is hereby prohibited froug' paying Treasurer shall any interest upon said bonds or warrants, or drawing or garring any certificates there for.
Sec. 3. That said Treasurer is hereby prohibited from indois--easurer shall ing or issuing any bonds upon any such warrants, and the Auditor but upon of the State of Kansas or any other officer of said State, is hereby, probibited from drawing any warrants upon the Treasurer all there are upon certificates of award under both or either of said last montioned acts.
SEC. 4. That no officer of this State shall receive any such as ficer of stato bonds or the coupons thereof, or any such warrants or certificates of award for the payment of taxes or other dues to the State of Kansas, or any county or municipal corporation.
SEC. 5. That no person or corporation shall issue or put in No person, or como circulation any bank bill or note purporting to be a promise to an ink on pay money or currency based upon such bonds.
Sec. 6. That it is hereby made the duty of every oficer of the Duty of state oftiState of Kansas, into whose hands any paper purporting to be bads. indebtedness of the late Territory of Kansus may come, to carefully ascertain whether the same is or was based upon the awards of the Commissioners appointed by virtue of the provisions of an Act of said Territory, entitled “An Act to provide for the adjustment and payment of Claims,” approved February 7th, 1859; and, if found so to be, such officer shall deal with the same as in this act provided.
SEC. 7. Any violation of any of the provisions of this act Violatione of this shall be deemed a misdemeanor and punishable by fire not less than one thousand dollars and imprisonment in the county jail not less than six months.
SEC. 8. This act to take effect and be in force from and after when to take efits publication.
I hereby certify the above bill became a law without the approval of the Governor.
J. W. ROBINSON,
Secảy of State.
based up buads.
AN.ACT xo`authorize the negotiation of One Hundred and Fifty Thousand
Dollars of the Bonds of the State of Kansas, to defray the current expenses of the
A. M. Clark, JC:
Be it enacted by the Legislature of the State of Kansas :
SECTION 1. That Austin M. Clark and James C. Stone be lead to negotiute and they are hereby authorized to negotiate the Bonds of this
State to the amount of one hundred and fifty thousand dollars, immediately upon the passage of this act, bearing a rate of interest not exceeding seven per cent. per annum, payable semiannually in the city of New York, which loan shall be paid and reimbursed in fifteen years from the time when the same is negotiated; which money, so borrowed, shall, on being first duly
appropriated therefor, be applied to the defrayment of the current Shall inform Leg- expenses of the State of Kansas. That said Commissioners are
hereby directed to inform the State Legislature, within seventy days from the passage of this act, the terms on which they can negotiate the loan proposed, and no final action shall be bad by said Commissioners until they shall receive the consent of the Legislature, or, in case of the adjournment of the Legislature, the consent of the Governor, Auditor and Secretary of State, or a majority of them, to the terms proposed.
SEC. 2. That the Bonds mentioned in section first of this act shall be made with coupons attached, issued and signed by the Treasurer, and countersigned by the Governor and Auditor, and shall have the great seal of the State attached, which Bonds sirull specify the rate of interest and time when the principal and in
terest shall be paid, and each bond so issued shall not be for a For no lose than, less sum than five hundred dollars, and shall specify thereon to
whom the same shall be made payable.
SEO. 3. That the proper officers of the State of Kansas shall cause to be levier and collecteil, each year, with the other taxes of the State, a sufficient amount to pay the interest as the sme accrues, on all Bonds issued under the provisions of this ait, and, also, to levy and collect a tax sufcient to create a sinking fund for the final redemption of such Boods, which taxes, when paid into the State Treasury, shall be and remain a specific fand
How bonds shall be made.
Inter3st paid by taxation,
oreate sinking fund,
for said purposes only, and shall not be appropriated or used in any other way except as is hereinafter provided.
Sec. 4. That the tax above mentioned, in section three of this Taxes levied to act, levied and collected to create a sinking fund for the final redemption of all bonds issued under this act, shall be invested annually, by the Treasurer of the State of Kansas, in the Bonds of the United States, and in Bonds of the State of Kansas, at their market value on the New York City Exchange, or, in case the same cannot be obtained at par or under par, then and in that event he is authorized to invest the money arising from the said tax, annually, in the Bonds of other States on which the interest is paid promptly and regularly, and which Bonds he shall procure at as low rates as the same can be purchased, which Bonds shall be held and retained by the Treasurer until the principal of the Bonds issued under this act shall become due, and shall then be disposed of at the highest market rates and the proceeds of the sale of such United States or other State Bonds, purchased as aforesaid, shall be appropriated to the redemption of the Bonds issued under this act.
SEC. 5. That, whenever the interest on the above mentioned Treasurer shall Bonds shall become due, the same shall be paid by the Treasurer of the State, upon presentation at such banking house, in the city of New York, as may be designated in the bonds issued under this act, and the coupons for the interest then due shall be taken up by said Treasurer, canceled and filed in his office.
Sec. 6. The Treasurer of the State is bereby authorized, and Treasurer shall it is made his duty to obtain blank Bonds with suitable devices to prevent counterfeiting, and of such material as he may deem proper.
Sec. 7. That all money realized by the State of Kansas from Money obtained the sale of Bonds issued under this act, after paying all the toolseitimate eznecessary expense of issuing the Bonds and the negotiation of them, be and the same is hereby appropriated to the exclusive purpose of defraying and paying any and every legitimate and lawful expense that has been incurred or may hereafter be incurred in administering and carrying on the State government, and shall be and remain a specific fund for these purposes only, and shall not be appropriated or used for any other purpose.
Sec. 8. The credit of the State is hereby pledged to the pay- Credit of the stato ment of the interest and principal of the Bonds mentioned in this act as the same may become due.
Seo. 9. That as soon as the said persons, mentioned in section shall be paid into
shall be devoted
Shall give bond
If fail to nogotiat-, bonds roturned.
first of this act, shall succeed in negotiating the said loan, they shall forth with pay the same into the Treasury of the State.
Sec. 10. That, before entering upon the duties herein specified and confided to them, the said Austin M. Clark and James C. Stone shall execute their bonds to the State of Kansas, with good and sufficient securities, to be approved by the Governor of this State, in the sum of three hundred thousand dollars, conditioned that they will well and truly perform the trusts herein reposed and pay into the Treasury of the State of Kansas all sums of money they may receive on the sale of said Bonds,
Sec. 11. That, in case said Clark and Stone shall fail to negotiate the loan authorized by this act, upon the terms authorized by this act, that then and in that case they shall return said Bonds, or so many as remain undisposed of, to the Treasurer of State, who shall safely keep the same.
Sec. 12. It shall be the duty of the State Auditor to register, in a book provided for that purpose, the Bonds issued under this act, which said registry shall show the date, number, amount and to whom is made payable each of said Bonds.
SEC. 13. That this act shall take effect from and after its publication.
Approved May 1st, 1861.
Duty of state auditor.
When to take effoot.
I hereby certify that the above bill became a law by publication in the “ Topeka Record,” May 3d, 1861.
J. W. ROBINSON,
Sec'y of State.
AN ACT supplementary 10 “An Act to authorize the negotiation of One Hundred
and Fifty Thousand Dollars of the Bonds of the State of Kansas to defray the current expenses of the State,” approved May 1st, 1861.
Treasuror shall prepare bonds.
Be it enacted by the Legislature of the State of Kansas :
SECTION 1. The Treasurer of State is hereby authorized and directed to prepare one hundred thousand dollars of the Bonds provided for in an act entitled "An Act to authorize the negotiation of one hundred and fifty thousand dollars of the Bonds of
the State of Kansas, to defray the current expenses of the State, in sums of the denomination of one hundred dollars each.
SEC. 2. That the Governor, Auditor and Secretary of State of the shallonego the State of Kansas, or a majority of them, are hereby authorized and empowered to negotiate and sell the Bonds of the State, the issuance of which is provided for in the act authorizing the negotiation of one hundred and fifty thousand dollars of the Bonds of the State of Kansas, to defray the current expenses of the State, approved May 1st, 1861 ; Provided, however, That no Bonds shall be sold for less than seventy cents on the dollar, and shall not be sold that the proceeds arising from the sale thereof shall be paid directly into the Treasury of the State.
Sec. 3. It shall be lawful for the Treasurer to receive, in pay- What Treasurer ment for said Bonds, the circulating notes or bills of any specie porument for paying banks of any State, and, also, such warrants as may be issued to the members and officers of the Senate and House of Representatives, Justices of the Supreme and Judges of the District Courts, Reporter of the Supreme Court, for services rendered or to be rendered when said services are performed, and, also, such other amounts as may be provided in the general appropriation bill for the current year; but this act shall not be so construed to permit payment to be made in the bills of any shall not receive banking institution now in existence in this State.
Sec. 4. That the Treasurer shall be and is hereby authorized, shall receive warupon presentation of the warrants mentioned in the third section issue bends at of this act, to receive the same at par and issue the bonds mentioned in the first section of this act, at their current value; Provided, That this shall not be so construed as to authorize shall not sell for said Treasurer 'to dispose of said bonds at a price less than cents. seventy cents on the dollar.
SEC. 5. That this act shall take effect and be in force from When and how to and after its publication, and the Secretary of State is directed to publish the same, immediately upon its approval by the Governor, in a daily paper published in Topeka, which shall constitute such publication.
Approved June 30, 1861.
I hereby certify that the above became a law by publication in the “ Topeka Record,” June 5th, 1861.
J. W. ROBINSON,
Sec'y of State.
notes from banks in this State.
rants at par and