The enquirer. [volume] (Richmond, Va.) 1804-1815, 1807-06-20
AN ACT.

SSEes r ns ,.S,sf.is4 sc s eaJie deb! 10 70. Pre-
;.i escsu,4.ee e:5. UMiie1 Stoit., vrb6 can onir
be daHs BY Vo.aTi-,9 Jsf' ii'a on tie fay' IF :tt
9 s'eaii''F.
. sec. I. BEH ensge'ty Re Ssrs:. aaa Hoac of Re-
srsntafSe Of ne -;iei States Of .irseisa in Conrre
glsm5ieS That a fubicrp;on 10 the fell amount OF
the old fix per cent, deferred aud three per Rocks
be, and the fame is hereby propoied; for which pur-
pole books hai be opened 1t the trsalury of the u
rised States, ard by the !sveral conm1ioners of
leans, on the ART day OF July next Continue open
until the teventeenrh day of March next following,
incilvely, the fourteen aa days of each quarter
sspsed, for fuch parts of,he aforementioned dectp
rions of hock, 4. ihal Oh the day of fubfcription
tand on the books OF tie treaury, and of the ievera
connmhioners Of loans respectively, which iuhicrp-
ton ihall be efieaed by transfer to the United
Sues, in the provided by law for fuch trans
fsrs, Of the credit credits, Gsnding on tile faid
hooks, and by iurreuder of the certificates Of the
Rock itbfcrbed.
Sec g, Aa'ke i. !ar:.r tnaG,ed Tha. FOR the whole
any part OF any fun which hall thus be fubfcribed
In cid fix per cent. deferred nock, credits mali be
entered 10 the reflective lubcrbers asd the fblcr-
Der fubicribers :hal be entitled to certificate,
or certificates, purportng that the United States owe
10 the holder or holders thereof, his her, thsr al
h2us, fun to be enpretea therein, equal TO the a.
mount OF principal or the oo!. thus lubicrbed which
nha remain unredeemrd the day of lush iubfcrip-
ton, bearing all in,erei Of tx per centu,, per an
the quarter, during which fuch fhblcrption ihall
have been made transferable III the fame manner al
Yvovided by law for the transfers Of the Rock iub
feribed, and fuhje& redemption the pleafure of
the United States Pr7vissd, That no Jingle certifi-
90 4. nall be Ausd for an amount greater than ten
shoutand dollars Ira PrSsii.d jart6cy, That no re-.
inl5uriement ihaii De made except for the whole a.
gnount of any fueh certificate, nor t, after at
lean fix mor-hs previous public notice of fueh intend
ed reimbursement.
Sec. s. >tRi Be rfsc, srasE, That for the whole
or any Par, OF any ium which fha thus be lublcrbed
in three per cert. hoek credits ohall lkewe be en-
tered 20 the respective iubicriers; and the Gubor-
Der, lsbcribcs, hal be eRtitied TO certificate,
purportng tha, the United States owe to the holder
or holders thereof, his, her, or thsr affgns FUN
70 be expreiied therein, equal xty Eve PER cen.
,un of the amount OF principal OF the o>k thus fub-
'eribed bearing an nerett of iix per ceutu per an
mum, payable quarter-yeGrly, from the fra iay OF
the quarter, daring which fuch iuhfcription fnail
have been made and transferable and !ubicc to re-
6enlpton in the fame manner, and under the fame
regulations and retri9ions as the hock created by
the preceding ieeton Of this sGt Prsyiled That no
part of the Rock thus created hall be remburfable
without the aIeut Of the holder or holders of fuch
Rock until after The whole of the eight per cent and
four aud half per cent Rocks, wei! as all the fix
per cent flock which may be created by virtue of
the preceding lection ihall have been redeemed
Sec. 4. dzd BE- it fnrtbsr enae7ed That the commit
loners of the linking fund ihaII be, and they are
hereby authorised to appoint agent in London, and
another In Amlterdam, whole duty il fhal be to re-
reve iubicrPtions and transfers, and to i!Iue new
certificates III the manner, and at the times above
mentioned and the officers Of the treaury DEPART
ment, or the commi!honers of loans might do that
Is TO fay, the agent London in favor of (.ch Rock
holders relding IN the dominions of Great-Britaia
IN Europe, and the agent in Ariterdam in favor of
fusi itoekhoiders rsfding i'll any other part of Eu-
rope. as may respectively become flbfcrIbers: Pys.
vded That the certificates iEued by the laid agents
!hai bear intereG only from the ir day of the QUAR-
ter next tucceeding that in which the fnbIcript;on
ihal have taken place. and that in relation 20 fubfcrp
lions made IN old TX per cent. deferred Cocks
the iums expreed in fuch certificates Aal be e.
quail the of the principal of the old fix per
cent or deferred Rocks thus fublcribed which NiaIl
remain unredeemed after payment of the dividend
payable on iuch itock, on that day from which the
interelt on the new Certificates lall commence The
foreign ockhollers thus iabtribing with either Of
the iad agents, fhall bs entitled to receive the av
dend in the old Fix per cent deferred, or three p.r
cent. hosk fubicribed by than, RESPECTIVELY. which
'hali be payable that day from which the interel
on the new certificates fall commence. And il flu
BE the duty OF the iaid agents. respectively to tranf
INIT, before the end of each quarter to tie rcGilsr
OF the treaiurY, and to the fcyeral cenmfioners oil
loans respectively, treiicate abrafis OF the certn
Gates OF flock iubieribsd, and Of the new certificates
iiiued by them, during fuch quarter in order that
the proper Credits may be entered the books of
the ealury, and Of the cormionsrs of loans as ,be
::c isT =, &C tc holders o feel, nov certificates
And the laid agents, before theY enter upon the
scu,iou Of their feyers offices, iaIl relpec;vey
an oa'h affirmation for ihe d:gent and fahf! tx
ccution OF their tru2 and nall ALTO become bop,,i
with one more iuretes 10 the fstsfa Sion OF tIe
Sommifoners OF the nhIng fnj, or the feerytary of
tSe treaiury, in the penal fun of twenty thoaiand
dollars With condition FOR their good behavior in
Their iaid Offices.
Sec 5. IND be il fot5e, ceas7ll, Thst the holder.
Of old Tx per cent deferred, three per cent lo.
who may become fs6icrbers, as alolefaid citier in
the u STAIRS, or in Europe and who on the fra dav
OF July nsxr, and afo die day of the frhferution
HAL be rehdeDt in Europe, may, at thtir ortiop
which mutt b. made the time OF Glbleribi,c re-.
oeive the interea aeo;..ng the Aoek create, by
virtue OF the preceding leaioAs Of this 49, either in
the U. States ether creditors or at o., lon or = M
Gsriam that ia to fay, the flcckholders :,
the times aforementioned, in the doninioGs Of Cr,t
Britain in Europe at London, at the rate Of four
killings and fix pence Rerling, f1r each dollar and
Observation-Disclosures reiidug, at the times abovonentioo
I'd, IN any other part OF Europe, lat AmRerdap, and
at me rIs Of two guders and half guder r,,rre7,
money o. Holland, FOR each Collar in which Ian
mentioned option the condition hsl be eypredrd Il,
the certificates be ilned, aud the cr.d, mr. cr
dts to be given the propietors thereof n. N he
entered, and faall thereafter be transferable onlv on
the books Of the treaiury Fyuviq.I k,7ge1.r 'rbt
the intgreit thus payable in Ipudon -ri a IN 49,,