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Tennessee Senate Bill for Sinking Fund
This bill, no. 76, was introduced by Landon C. Haynes in order to provide for a Sinking Fund to be used to reduce the state's debt. It has three sections, the first establishing the sinking fund and its funding. The second section explains that the funds will be paid to the Bank of Tennessee for the purchase of state bonds. The third calls for the Bank to provide a report to each session of the General Assembly.
Dates: 1847 November 30