The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-10-16
(BY AUTHORITY
LAWS OF THE U. STATES.

AN ACI authorizing subscription for the old six
per cent and deferred stocks, and providing for an
exchange of the same.
BE IL enacted ny the Senate and House of Ret
reSeRtatiVeS Of the United States Of .3,lerica in
Congress assembled That subscription to the full
amount CT the old six per and deferred stocks
be, and the same is hereby proposed to the propre-
tors ihereof for which purpose books shall be Omen
several commissioners Of loans, on the first day of
October next, 10 continue open till the seventeenth
day Of March ensuing incusvely, the fourteen DAYS
of each quarter excepted for such part of the above
mentioned stocks rs shall, the day Of subscription
stand the books Of the treasury, and of the seve.
raj commissioners of loans respectively; which sub
seripton shall be effected by transfer to the Unit.
ed States, in the manner provided by law for such
transfers, of the credit ere dts standing on the
said books, and by surrender of the certificates of
the stock subscribed.
Sec. g. Ind be it further enacted, That FOR such
part of the amount Of old six per cent or deferred
stock, thus subscribed, shall remain unredeemed
on the day Of such subscription, credits shall be en-
tered 10 the respective subscribers the books of
the Treasury, or of the commissioners of loans
where such subscription shall have been made, and
the subscriber subscribers shall be entitled to re.
cciGe certificate certificates purOI ting that the
United States owe to the holder holders thereof
ss her or their assigns sum TO be expressed there
in, equal to the unredeemed amount of the principal
of the old SIX per Of deferred stocks subscribed
as Aforesaid, bearing interest of six per cebtum
per amman, payable quarter yearly, from the frsi
day Of the qsarter during tich such sulScriptiou
shall have been made transferable ia the same man.
as is provided by law tor the transfers of stock
subscribed, and subject 20 redemption ~ the pleasure
OF the United stes st any tisne aer the thirty first
day Ut December, one thousand eight hundred and
twenty four: PrOUided, That no reimbuI Sc M ent
sllail be made except for the whole amount OF the
stock standing az tle time TO the credit of any prc.
rrietor on the Books oil the Treasury Of the com
ssioncrs of loans respectively, till alter 1T least
X months pre'ious public notice of such intended
reimbursement.
Sec. 8 .79gd be IL further enacted, That the same
funds wl.ieh heretofore have been, and now arc
pledged by law, for tie payment OF the interest and
for tide redemption or reimbursement Of the stock
Which may be subscribed by virtue of the provisions
OF this act shall remain Pledged foT the payment Of
tic interest accruing the stock created by reason
OF such Subscription, and for the redemption or re-
ilnbursemcHt Of he principal Of the same IL shall
he the dc.y Of t'e com issioncrs Of the sinking fund
to cause 10 be applied and paid out Of the sail fund
yearly and every year. such sum or sums may lie
annually wanted o discharge the annual interest &C.
cuiug ON the stock lch may ne created by virtue
of this act The said commissioners arc hereby au.
thor scd 10 Apply, from time 90 time, such and
suns ont of the said fund they may think proper.
towards rgdccniing by purchase, by reimburse
mctt, IN conformity with the provisions Of this act.
ne principal OF the said stock And such part 81 tic
\ toal sun of eight millions of dollars, vested by law
the said commissioners, may be necessary and
apdLg Tor the above purposes, shall he aud ccdti
appropriated to the payment Of interest and re-.
dempton Of The public Debt, until the whole Of III
stock which may be created under the provisions Of
| this act shall have been redeemed or reimbursed.
Sec. T. .7Si be it further enacted, That nothing
in this act contained shall be construed 10 anvwise Ia
alter, abridge impair the rights of those creditors
of the United States who shall subscribe TO tle
loan to be opened by virtue Of this act.