rants of the late supplementary to an act entitled 'An Act to provide for the payment of Claims," approved February 14th, 1859, or either of said last two mentioned acts, or from paying any warrants drawn shall pay no warby the Auditor of the late Territory of Kansas upon the Treasu- Territory 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. awards. pay no interest. SEC. 2. That said Treasurer is hereby prohibited frous paying Treasurer shall any interest upon said bonds or warrants, or drawing or granting any certificates therefor. ot ndorse or is scharrants. SEC. 3. That said Treasurer is hereby prohibited from indors-Preasurer shall ing or issuing any bonds upon any such warrants, and the Auditor Bonds upon of the State of Kansas or any other officer of said State, is hereby prohibited from drawing any warrants upon the Treasurer upon certificates of award under both or either of said last mentioned acts. All offers are drawing warrants prohibited from apon Treasury upon certificates, bonds. receive SEC. 4. That no officer of this State shall receive any such No officer of state 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 corcirculation bank bill or note purporting to be a promise to any pay money or currency based upon such bonds. poration shall put cers concerning SEC. 6. That it is hereby made the duty of every officer of the Duty of state offState of Kansas, into whose hands any paper purporting to be buds. indebtedness of the late Territory of Kansas 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. act-rusdemean'r SEC. 7. Any violation of any of the provisions of this act Violations of this shall be deemed a misdemeanor and punishable by fine not less than one thousand dollars and imprisonment in the county jail not less than six months. feet. SEC. 8. This act to take effect and be in force from and after when to take efits publication. hereby certify the above bill became a law without the ap proval of the Governor. J. W. ROBINSON, Sec'y of State. IMAT A. M. Clark, J. C bonds.. CHAPTER VI. AN.ACT to authorize the negotiation of One Hundred and Fifty Thousand Be it enacted by the Legislature of the State of Kansas: SECTION 1. That Austin M. Clark and James C. Stone be ized to negotiate 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 had 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. islature of terms. How bonds shall be made. 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 shall specify the rate of interest and time when the principal and interest shall be paid, and each bond so issued shall not be for a For no less than less sum than five hundred dollars, and shall specify thereon to whom the same shall be made payable. five hundred dollars. Interest paid by taxation, SEO. 3. That the proper officers of the State of Kansas shall cause to be levied and collected, each year, with the other taxes of the State, a sufficient amount to pay the interest as the some accrues, on all Bonds issued under the provisions of this act, and, also, to levy and collect a tax sufficient to create a sinking fund for the final redemption of suh Bonds, which taxes, when paid into the State Treasury, shall be and remain a specific fund for said purposes only, and shall not be appropriated or used in any other way except as is hereinafter provided. oreate sinking fund. 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. pay interest. 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 hereby 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 the sale of Bonds issued under this act, after paying all the necessary 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. prepare bonds. Money obtained shall be devoted to legitimate ex penses. SEC. 8. The credit of the State is hereby pledged to the pay- Credit of the state ment of the interest and principal of the Bonds mentioned in this act as the same may become due. pledged. SEC. 9. That as soon as the said persons, mentioned in section shall be paid into Treasury. Shall give bond If fail to negetiate, bonds returned. Duty of state auditor. When to take effoot. first of this act, shall succeed in negotiating the said loan, they shall forthwith 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. I hereby certify that the above bill became a law by publication Treasurer shall prepare bonds. CHAPTER VII. AN ACT supplementary to "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. 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, tiate the bonds. SEC. 2. That the Governor, Auditor and Secretary of State of Who shall negothe 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 cents. directly into the Treasury of the State. less than seventy shall receive in 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 payment 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. notes from banks in this State. Shall receive warissue bonds at rants at par and current value. SEC. 4. That the Treasurer shall be and is hereby authorized, upon presentation of the warrants mentioned in the third section 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. less than seventy take effect. 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 3d, 1861. I hereby certify that the above became a law by publication in the "Topeka Record," June 5th, 1861. J. W. ROBINSON, |