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1 Findings. The general court finds that when Part II, Article 15 of the New Hampshire constitution was ratified the only dollar used as a medium of exchange was the Spanish milled dollar which contained one troy ounce of silver. For the next several years after ratification each of the elected legislators received 200 troy ounces of silver as their compensation under Part II, Article 15. Upon the establishment of the U.S. Mint in 1792, one troy ounce of silver was minted into one dollar silver coins, therefor strict adherence to the constitutional mandate in Part II, Article 15 requires that each legislator be paid 200 troy ounces of silver for his or her compensation for the term.
2 New Section; State Treasurer. Amend RSA 6 by inserting after section 9 the following new section:
6:9-a Legislator Compensation.
I. The state treasurer is hereby directed to requisition from the U.S. Mint or acquire from whatever source necessary the quantity of one ounce silver dollar coins sufficient to cover and discharge the obligation due each legislator as his or her compensation under Part II, Article 15 of the New Hampshire constitution.
II. The treasurer shall maintain in a separate account for payments under Part II, Article 15 of the New Hampshire constitution and upon payment of the 200 silver coins to a legislator for the legislative term, the legislator shall sign a receipt and impress his or her right thumb on the receipt.
3 Effective Date. This act shall take effect 60 days after its passage.
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1 Findings. The general court finds that when Part II, Article 15 of the New Hampshire constitution was ratified the only dollar used as a medium of exchange was the Spanish milled dollar which contained one troy ounce of silver. For the next several years after ratification each of the elected legislators received 200 troy ounces of silver as their compensation under Part II, Article 15. Upon the establishment of the U.S. Mint in 1792, one troy ounce of silver was minted into one dollar silver coins, therefor strict adherence to the constitutional mandate in Part II, Article 15 requires that each legislator be paid 200 troy ounces of silver for his or her compensation for the term.
2 New Section; State Treasurer. Amend RSA 6 by inserting after section 9 the following new section:
6:9-a Legislator Compensation.
I. The state treasurer is hereby directed to requisition from the U.S. Mint or acquire from whatever source necessary the quantity of one ounce silver dollar coins sufficient to cover and discharge the obligation due each legislator as his or her compensation under Part II, Article 15 of the New Hampshire constitution.
II. The treasurer shall maintain in a separate account for payments under Part II, Article 15 of the New Hampshire constitution and upon payment of the 200 silver coins to a legislator for the legislative term, the legislator shall sign a receipt and impress his or her right thumb on the receipt.
3 Effective Date. This act shall take effect 60 days after its passage.