Chap. 166.—An AOT to Provide for the Payment of Interest on the
Public Debt.

In force March 19, 1872.

1. Be it enacted by the general assembly, That it shall be
the duty of the auditor of public accounts to pay into the
public treasury, subject to the warrant of the second auditor,
so much of the public revenue as the second auditor may cer-
tify to be necessary to pay the interest on the public debt as
herein provided.

2. On the first day of January, or as soon thereafter as may
be, and on the first day of July, eighteen hundred and seventy-
two, there shall be paid two per centium interest upon the
principal of the public debt bearing an interest of six per cen-
tum per annum, as evidenced by bonds issued under the pro-
visions of the act approved March the thirtieth, eighteen hun-
dred and seventy-one; and upon that part of the debt bearing
an interest of five per cent., there shall be paid, at the same
times, one and two-thirds per cent.; and upon two thirds of
the debt, the securities representing which have not been
changed since the thirtieth day of March, eighteen hundred
and seventy-one, there shall be paid a lke interest.

3. It shall be the duty of the second anditor, upon the pre-
sentation of any coupon for the payment of interest under
this act, to stamp upon such coupon the amount of interest
paid thereon, and return the same to the holder thereof.

4. The receipt of interest under the provisions of this act
shall be held and deemed to be an acquiescence upon the part
of the creditor in the provisions of an act declaring what shall
be receivable in payment of public dues.

5. This act shall be in force from its passage.