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

the stockholders residing, at the times a.
aforementioned, in any other part OF Eu-
rope, at Amsterdam, and at the rate OF
two guilders and a half guilder' current
money of Holland, for each dollar: IN
7[yfiieh last mentioned option the contiitioh
shall be expressed in the new cert hcates
to be issued, and the credit or credits' 10
be given to the proprietors thereof shaii
be entered, and shall thereafter be trans
ferable only on the books OF the treasury:
Provided hozoe1er, That the interest thus
PAYABLE in London and Amsterdam, snail
not be payable until the expiration OF SIX
calendar months from the day on which the
same would be payable in the United
States, and shall be subject to deducti-
On Of one half of one per cent on the a.
mount PAYABLE, for commission to the bank
ers paving the same: Hnd froUided dtso,
That every proprietor Of such stock may,
on surrendering his certificate, receive "a
mother to the same amount, the interest
whereof shall he payable quarter-yeariy
in the United States, in the same manner
as that accruing on the stock held by per-
Sons residing in the United States.
Sec. 6. .6nd be itfurther enacted, That
the same funds which heretofore have
been, and now are, pledged, by law, for
the payment of the interest, and Tor the
redemption or reimbursement of the stock
which NAV be subscribed by virtue OF
the provisions Of this act, shall remain
pledged for the payment of interest accru-
ing on the stock created by reason OF such
subscription, and for the redemption or re-
imnursement Of the principal OF the same.
1t Shall be the duty of the commissioners
Of the sinking fund to cause to be applied,
and paid out Of the said fund, yearly, and
every year, such sum, and sums, as may
be annually wanted 10 dischage the annu-
al interest and charges accruing on the
stock which may be created by virtue OF
this. act. The said commissioners are
hereby authorized to apply, from time.to
time, such sum and sums out ofthe said fund,
as they may think proper, towards re-
deeming, by purchase, or by reimburse
rnent. In conformity with the provisions OF
this act, the principal of the said stock.
And the annual sum of eight millions OF
dollars. vested by law in the said comnlls-
sioners, shall be, and continue appfopria-
ted to the payment of interest andTedemp-
ton of the public debt, until the whole OF
the stock which may be created by the
preceding sections of this act, shall have
-been redeemed, or reimbursed.
Sec Z. Ind be itflrther enacted, That
there shall be allowed to each Of the "a
gents to be appointed by virtue ofthis act,
in addition TO the necessary expenses in
CURED. by them, for printing, stationary,
and postage, a sum of three thousand dol-
lars, as a full compensation for their SER
vices. The said agents, and the commits
sioners of loans, shall also be allowed such
additional sum as may be actually and ne
ccssarily expended for the clerk hire re-
duisite fer carrying this act into effect.
And for defraying the said compensations
and allowances, and such other contingent
charges as may be incurred for carrying
this act into effect, sum not exec eding
sixteen thousand dollars, to be paid out OF
any monies iii the treasury, not otherwise
appropriated, is hereby appropriated
Sec. 8. ind 6eit FURTHER enacted, That
wbensoever notice uf reimbursement shall
be given, as prescribed by the second and
third sections Of this act, the certificates
intended TO be reimbursed, shall be desig-
mated therein. In every reimbursement
The preference shall be given to such hold
q -. inttc IN