Section 5

Act 369 of 1849, § 5, under SINKING FUND - FOR THE EXTINGUISHMENT OF DEBT.

Act 369 of 1849, § 5

Section 5. That the said commissioners shall within ten days after the organization of the legislature, in the year one thousand eight hundred and fifty-two, and in every third year thereafter, specially report to the legislature the amount of the public debt, so as aforesaid liquidated and proclaimed by the governor to have been cancelled, and what reduction of taxes may, in consequence thereof, be made, in order that the legislature may provide for such reduction in the burthens of the people.