Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1807-06-10


ner, and under the same regulations and
restrictions, as the stock created by the
pr, ceding section If this act P1orided,
That no part o. the stock thus created
SIN ii be rei.nbursaoie, without the assent Of
the holder or holders of such stock, until
after the whole o. the eight per cent. and
tour and Il halt per cent. stocks, as we'll as
all the six per cent stock which may be
created by virtue of the preceding section,
shall have been redeemed
Sec Ind BE- IL jurther enacted, That
the comm issIoners Of the sinking fund
sh II be, and they are hereby authorized
to appoint an agent in London, and an, Their
in Amsterdam, whose duty it shall be to
receive subscriptions and ransfers, and to
issue new certificates in the manner, aud
at the times aforementioned, and as the
officers OF the treasury department, or the
commissioners of loans might co /; that is
to say, the agent in London in favor Of
such stockholders resiung in the domini-
oDs of Great b. ita n i'll Europe, and the a.
gent in Amsterdam in favor OF such stock
holders residing IN any other part of Eu-
rope, as may respectively become subscri-,
bers: ProUided, That the certificates IS
sued by the I'd ,ents, shall bear interest
only irUm N, a,zl Gay % the gu .rterncXt
succeeding hat III winch The subscription
snail nave taken place AND that II &c a ion to
subsCr ptiOi.s made iii Old SIX Ter cent
or deferred stecAs, the sums EXPRESSED in
such pew certificates shall be equal To the
amount Oh the principal o he Oil six per
cent or deferred . Cis thus subscribed,
waich sla, remain u eleemt rtlr pay-
ment of the uIvIGcnd pavabie OH such
stock OH that Gay from .ich the interest
on the new certificates shii commenue.
The foreign stock holders tIls subsc b.
ing with either ot the SAID agcntS, shall
be entitled to receive the dividend in the
old SIX per cent. def rred, or three per
cent stock subscribed by them, respec-
lively, which shall be payable on that day,
from which the interest on the new certi-
ficates shall commence. And it shall be the
duty OF the said agents, respectively, to
transmit, before the end of each quarter, to
the register of the treasury, aud to the Sc
veral commissioners of loans, respectively.
tripliciie abstracts or the certificates of
stocks subscribed, and OF the new certifi-
Gates issued by them, during such quarter,
in order that the proper credits may be en-
tered OH the books of the treasury, and
of the commissioners of loans, as the case
may be, to tie holders of such new &C TT fl
Gates And the said agents, before they
enter upon the execution OF their several
Offices, sh III, respectively, take an oath or
affirmation for the Il gent and faithful ex-
ecut ou VI their trust, and shall also be-
come bound with one or more sureties to
the satis action If the commissioners ofthe
sinking .und, or q. the secretary of the
treasu,J, in he penal sum of twenty
Thousand dollars, with condition for their
good behavior ~ heir said otGces.
Sec. 5. ind b. g. further enacted, That
the holders of Ole SIX per cent deferred,
@. three per cent. stock, who may become.
Subscribers, IS aforGsaid, eitlor in the u
nited States, CT III Europe, ard who, OH the
first day OF July next, and IL o on the cay
OF the subscription, shall be resident in
Europe, may, AT their option, which must
be made at the time of subscribing, receive
the interest accruing on the stock created
by virtue of the preceding sections of this
act, either in the United States, as other
creditors, or at London, or Amsterdam
that is to say, the stock holders residing,
at the times aforementioned, in the domi-
&C. n n...ea Il