Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1807-06-24

( lively, Which shall be payable on that day,
| from which the interest on the new certi-
hcateS shall commence. And 1t shall be the
duty OF the said agents, respectively, to
! transmit, before the end of each quarter, to
the register OF the treasury, and to the Sc
veral commissioners of loans, respectively,
! triplicate abstracts of the certificates of
stocks subscribed, and Of the new certif-
Gates issued by them, during such quarter,
! III order that the proper credits may be en-
tered on the books of the treasury, and
of the commissioners Of loans, as the case
may be, TO the holders of such new certifi-
Gates. And the said agents, before they
enter upon the execution of their several
Offices, shall, respectively, take an oath or
affirm ton Tor the dillgent and faithful eX-
ccut on of their trust, and shall also be-
come bound with one or more suretics to
! the sa,isf ction Of the commissioners otthe
sinking fund, or of the secretary of the
treasury, the penal sum or twenty
thousand dollars, with condition for their
good behavior in their said Offices.
Sec. .. Ind 6ett further enacted, That
the holders o. old six per cent. deferred,
o! three per cent. stock, who may become
subscribers, IS aforesaid, either III the u
nited States, or in Europe, and who, on the
first day of July next, and also on the day
OF the subscription, shall be reS:oeAr III
Europe, may, ut 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 o. this
| act, either in the United States, rs other
creditors, or at London, on Amsterdam:
! that is To say, the stockholders residing,
! at the times aforementioned, IN the dCmI-
Mons of Great Britain in Europe, at Lon
/ don, and at the rate of four shillibgs and
siX-pence sterling, for each dollar; and
J the stockholders residing, at the times -
, aforementioned, in any other part OF Eu-
rope, AZ Amsterdam, and ut the rate of
two guilders and half guilder, current
! money of Holland, for each dollar: iii
which last mentioned option the condition
, shall be expressed in the new certificates
to be issued, and the credit or credits, TO
be given to the pToprietors thereof, shall
be entered, and shall thereafter be trans
ferable only on the books Of the treasury ::
| PToVided h2zvcUcr, Thatthe interest thus
payable i'll London and Amsterdam, shall
not be payable until the expiration O. six
calendar months from the day on which the
same would DC payable IN the United
States, and shall be subject TO a deducu-
ON Of one half of one per cent. on the a
mount payable, for commission 10 the bank
ers paving ;llc same Ind froUide9 also,
That every proprietor e such stoC.s may,
ON slrrender;ng his certificate, receive a.
mother to the same amount, tie interest
whereof Shall be payable qUarter-yearly
in the United States, in the same manner
rs that accruing on the stock held by per-
sons residing IN the United States.
Sec 6. IND be II FURTHER eHQcsed, That
the same funds which heretofore have
been, and now are, pledged, by law, for
the payment of tine interest, and for the
redemption or reimbursement OF the stock
which may be subscribed BY virtue ~
Ahc provisions Of tins act, shall remain
pledged for the payment OF interest accru-
, ing on the stock created by easOn OF such
subscription, and Tor the redemption or re-
, announcement OF tine principal OF the same
Ii shall be the duty Of the commissioners
of the sinking fund to cause 70 be applied
, and paid ont Of the SAID fund, yearly, and
: every year, such sum, aud sums, as may
, he annually wanted to disChage the annu-
al interest and charges accruing on the
, stock which may be created by virtue y
. this act The said commissioners ARE
! hereby authorized To apply, from time t.
p time, such sum and SuiHs out IF the said iund
e. as they may think proper, towards re-
/ dceming, by purchase, or by reimburse
Q ment, il conformity with the provisions o
{ this act, the principal Of the said stock
Aud the annual sum Of eight millions o.
e dollars, vested by law in the said commits
i sioners, shall be, and continue appropria
d ted to the payment Of interest aaa redemp.
s ton Of the public debt, until the whole o
2 the stock which may be created by the
J., preceding sect ous o; this act, shall have
been redeemed, or reimbursed
Sec. Z. INT be Hfurfhcr eHacfed, Tha
Il there shall be allowed TO each OF uIe a
i gents to be appointed by virtue Of this act
$. IN addition to the necessary expenses in
= CURED by them, for printing, stationary
y and postage, Il sum Of three thousand dol
Il lars, as q full compensation for their ser
=, v ces. The said agents, and the commits
=, sioners Of loans, shall also be allowed sucl
Il additional sum as may be actually and nc
g ccssarily expended for the clerk hire re
!; quisite for carrying this act into effect
And for defraying the said compensation
and allowances, and such other contingen
charges as may be incurred for caTryin
; this act into effect, sum not exceedin
sixteen thousand dollars, TO be paid out {
., any monies IN the treasury, not othcrwis
y, appropriated. is hereby appropriated.
Sec. g. ind b. 10 further cHucfed, Tha
- whcnsclv cr notice of reimbursement sha
= be given, as prescribed by the second an
=. third sections Of this act, the certificate
~ intended 90 be reimbursed, shall be desiJ