1846. INDEX.

Chap.

Sec.

PUBLIC DEBT—

of the State, and interest on the main

debt, there remain not in the treasury

funds adequate to pay the full amount

of 6 per cent, on the bonds given for

coupons, &c., then there shall be paid

to the holder of such bond, &c., a rate

of interest proportioned to the disposa-

ble balance in the treasury, and there

shall be also given to such holder a cer-

tificate for the difference between said

interest so paid and six percent , which

certificate to be paid out of any unap-

propriated surpluses thereafter coming

into the treasury; and further, that such

payment of interest on said bonds, &c.,

or such payment of interest, given for

the difference between 6 per cent, and

the interest actually paid in any year on

said bonds, not to interfere with the

regular payment in any case of the in-

terest on the main public debt and or-

dinary expenses, &c.,

238

2

Commissioner of loans to keep a

record of bonds issued for coupons,

&c., specifying date and amount of

bonds, person to whom issued, the year

and quarter when due, &c., commission-

er to transmit to Governor and Trea-

surer, on the first day of December, in

each year, a true copy of said record,

to be communicated to the General

Assembly,

"

3

All taxes and dues of whatsoever

kind, levied for the use of the State,

hereafter to be paid in current money,

"

4

In case of temporary deficiency in

the treasury to meet the interest due, or

in case the treasurer, in his judgment,

should anticipate such deficiency, trea-

surer is authorised to borrow, on the hy-

pothecation of the bank stocks, to sup-

ply deficiency, to be repaid out of the

first proceeds from revenue which may

come into the treasury,

"

5

All surplus monies which may be in

the treasury not required, in the judg-