Jenks's Portland gazette. [volume] (Portland [Me.]) 1799-1802, 1800-08-11

WHEREAS by an ae of Congrefs pafltd on
w the feventh day Of May, 10 ;he year
Of our Lord one thoutand eight hundred, the
Preldtnt Of the United States is authorized 10
borrow, on behalf the Unted States, from the
Bank OF the United States, Or from auy other body
or bodies polite or corporate, or from any peTlOn
or perfons, aud upon fuoh terms and conditions as
he lhall Judge NOR advantageous for the United
States, iUE not exceeding THREE Mi!isoaJ FrVe
Hundred 7bOAjaHd DoiiarJ, 70, however, that no
contract or engagement be made, which ihall pre-
eiude the United States from rembuI6ng any fun
or fums borrowed, at any time after the expiration
of fifteen years from the date Of 70, Loan. AND
WHEREAS il is declared by faid act, that fu much as
may be necefdry OF the fuplus ofthe duties on I'M
ports and tonnage, beyond The permanent appro-
pFIatoas heretoforeckarged upon them oy law, hall
be pledged and appropriated for paying the inter5f
and alto for paying and dfchargiug The principal
snm or iums Of all the monies which may Ge bor-
To"cd according to thr term or terms whicn may
be hxed Puriuant 10 thr authority af0teiaJ. AND
WHEREAs by the fad act, the fsrh Of the United
States is pledged to efablih fuffcient permanent
revenues, for making Up aav deficiency that may
hereafter appear 10 the prov Gons before mentioned
for paying the interett and principal tums, etbet
OF them, Dr sny monies which may be borrowed
puriuant 70 the fad act. AND WHEREAS the
Prtfdentrof the United States, did by an ASf or
Cbmmniiou under his hand, dated he feventeenth
day OF May, i'll the year one ihoufand eight hun
dred, authorize and empower the Secretary of the
TresfurY to borrow on hehalfO the Uuited States,
any fun not exceeding ia the whole Three NJ ous
Five Hundred Thouiand Dollars and to make fuch
contract coutracts as fhould b. neceifary, and
for the intere Of tht United States, puruauce of
The act ofCongrefs above recited
NOW THEREFORE, the undersigned Secretary
or the TreafurY, IN Puruance of th- Act of Con-
grefs and the authority from the PreGdynt of the
United States above meutiOued-DOth Hereby, on
ehaf OF the UUfed States OF America, contract
and engage in mannsr, following TO wit,
m. There ihall be created funded Capital Stock
10 az amount HEREAFTER o be de6guatcd BY faid Sc
cretarY, but not exceeding Three MkiouJ Fiue Hun
dred IbOglaHa DpAarJ, which Capital Stock haIl be
drvifbie into mares Of one hundred dollars each
bearing utereh, at eight per crntum per auuum,
payable quarter yesly at the II eafury Of the Uni.
Ted States, or at the Loan Offices. where the fad
Stock may fand credited, until the Ian day IF De-
Gender in the year eght9en hundred and eight
ad. After the laa day Of December n the faid
year one thoufand eight hundred and eight, aud
after reafonabIe notice 70 the creditors, which hal
b9 gwen bY AZ advertisement in fome public newt
paper printed at the feat Of government of the Uni-
ted States, the laid Capital Stock lall be redesma-
bic at the pFeafure Of.the dated States By the re-
imburfement Of the whole, fun or fums borrowed
aud which may c6uftutt the fad Capital Stock,
either at the TiesflFy 81 the United States or at
the Loan Offices where the fame may faud cred
tied. ct -
3d. The CREDITS Of thefa,dcapcal Stock fhalland
may be feParateiY certified il fums either for one
hundred four hundred, ons thoufand four thoufand,
or ten thouand dollars, and the credits 70 certified
fhaIl be transferable bythg creditors their attor-
MES, at the Tresfary and Loan Offices relpedve-
ly, in prtfuance of the rules which have been or
which may be efablifed relative to the transfer Of
the funds Stock of the United States.
eth A fuficient fam of the fIrplus Of the duties
on imPortsand Tonnage beyond thr permanent ap.
preparations heretofore charged upoR them by law
together with the faith Of the United States, are
hereby pledged for the ful6lment of this contract,
N pur!uauce Of, aud according TO the terms and
conditions Of the act of Congreis herein before re.
cited.
GIVEN Under mp band, and lbe zeal Of tbe
- TreaEary IF t5s United Slater, at .Pbila-
LIS dslpbfa, fbif yeeoad day of Jane, one
-. ~