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interest on war loan.

expenses of the State.

Tax for meeting entitled "An act to provide for the borrowing of money to defray the expenses growing out of the present Indian War," approved September twenty-seventh, eighteen hundred and sixty-two; four mills thereof to be Tax to meet current applied to the payment of the current expenses of the State; one mill thereof to be set apart for the payment of the interest and expenses on the State loan of two hundred and fifty thousand dollars, and the interest and expenses on the war loan of one hundred thousand dollars; and one mill thereof, to be set apart for a sinking fund to provide on the payment of the principal of the eight per cent. loan of two hundred and fifty thousand dollars, due July first, A. D. eighteen hundred and sixty-seven, and it is hereby made the duty of the Governor, State Auditor, and State Treasurer to invest this sum in interest bearing bonds of the United States or State of Minnesota.

SEC. 2. The whole of said amount of taxes shall be payable in gold or silver or United States Treasury To be paid in what Notes; and all moneys received by the Treasurer in

funds.

collection of taxes in excess of the amount required to defray the current expenses of the State Government, together with any moneys belonging to the State, received from the United States Government, after settlement by the United States of the State accounts, shall also be set apart for the sinking fund, and shall set apart for a sink- be invested, as required by section one of this act. SEC. 3. This act shall take effect and be in force from and after its passage.

All excesses to be

ing fund.

Approved March 2, 1865.

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