Coupon bonds for the coast defense, 1863-1883.

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Coupon bonds for the coast defense, 1863-1883.

Pursuant to St 1863, c 118, the state treasurer was authorized to issue scrip or certificates of debt in the name of the Commonwealth to pay all liabilities incurred in the purchase or manufacture of ordnance or in the building and equipping of iron-clad or other steamers or other fortification for the defense of the Massachusetts coast. Coupon certificates issued in 1863 and 1864 and valued at $1,000, were due in 1883 with interest paid at six percent semiannually.

0.7 cubic ft. (2 doc. boxes)

Related Entities

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Massachusetts. Treasury Dept.

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St 1890, c 428 enabled municipal officials or directors of railroad companies in Massachusetts to petition the Superior Court to abolish or alter railroad grade crossings; a court-appointed commission then made a decision to be confirmed by the court. The expenses for the work were shared between the railroad, to pay 65%, and the state and municipality, which divided the remainder according to the ruling, with the state to pay no more than 10%. The state treasurer was authorized to issue bonds a...

Massachusetts. Treasury Office

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Throughout the provincial period, Massachusetts towns were periodically assessed by the Treasury with taxes for the defraying of public charges and support of the government. This practice increased in importance and frequency during the Revolutionary War, as individual colonies became largely responsible for financial support of the war effort. Resolves 1777-78, c 398 (Oct. 9, 1777), dictated that all Massachusetts financial support of the war was thenceforth to be based on taxation only, with ...