Page images
PDF
EPUB
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small]

A proclamation by the Governor, declaring that he has filed certain
Bills in the office of the Secretary of the Commonwealth, with
his objections thereto, and a List of Charters of Corporations
organized under general Corporation act of April
29, 1874, and the Supplements thereto.

BY AUTHORITY.

HARRISBURG:

B F. MEYERS, STATE PRINTER.

1876.

TO YRAREL!

LAWS

OF THE

COMMONWEALTH OF PENNSYLVANIA.

No. 1.

AN ACT

Supplementary to the act, entitled "An Act supplementary to the several acts relating to the state treasurer and commissioners of the sinking fund," approved May ninth, one thousand eight hundred and seventy-four.

fund shall consist.

fund.

SECTION 1. Be it enacted, &c., That the sinking fund shall of what the sinking consist of the proceeds of the sale of the public works, or any part thereof, income from or proceeds of the sale of any stocks owned by the commonwealth, and two-thirds of all the tax on the capital stock of all corporations of this common'wealth; the general revenue fund shall consist of one-third General revenue of all taxes on the capital stock of corporations, and all other revenues of the commonwealth: Provided however, That for the fiscal year ending November the thirtieth, Anno Domini one thousand eight hundred and seventy-six, two-thirds of the amount derived from the tax on the capital stock on corporations shall be paid into the general revenue fund, and the remaining one-third into the sinking fund: Provided, That this act shall not be so construed as to authorize the use or application of any moneys which under existing laws have already been paid into the sinking fund otherwise than in the extinguishment of the public debt, unless in case of war, invasion or insurrection.

ports.

SECTION 2. That the state treasurer shall on the first busi- State treasurer to ness day of each month, render a statement of account to the make monthly reauditor general, giving in detail the different sums which go to make up the grand total of the amount on that day in the state treasury, belonging exclusively to the sinking fund; such statement shall include the names of banks, corporations, What to show. firms or individuals with whom the moneys of said fund are deposited, with the various amounts of such deposits, the securities held by the state for the safe-keeping of the same, and To be verified by oath, and recorded. the rate of interest or other consideration, if any, received by the state on such deposits, and shall be verified by the oath or affirmation of the state treasurer, and recorded in a book kept for that purpose in the auditor general's office, and shall be open for the inspection of the governor, heads of depart- spection. ments, members of the legislature, or any citizen of the state desiring to inspect the same; and each bank, corporation, firm or individual with whom such moneys are deposited, shall Banks having state render on the first business day of each month, an account to accounts monthly. the auditor general corresponding to that of the state treas

1 LAWS.

To be open for in

deposits, to render

« PreviousContinue »