The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1813-04-22
LAWS.

PUBLISHED By .iU7NO siIY.l

NotcS, IoT lnc ScTNlCc Oh Tic wear ole
thousand eight hundred and thirteen.
ID Z it enacted by TIE Senate and House of
H. RefresenfGiives e tAe Cnifed STATES Of
, .7sseyiea IN Congress assembled, That the
President Of the United States be, aud he is
hersb! authorized TO cause Tressnsry Notes
Tor such sum or sums as he may think cxpe-
dirns, but not exceeding in the whole the
sum OF hive millions Of dollars, TO be prepar-
ed, signed, and issued in the manner herein-
| after provided
Sec. 2. .4ad Be is farsher enacted, That
the President of the United States be, and he
| is hereby authorized, in addition 10 the n
mount authorized BY the next preceding sec.
tica OF this act, To cause Trcasuasy Nolce.
Tor such sum or sums as he may think cx-
pcdiens but not exceeding in the whole the
further sum Of FIVE millions of dollars, to be
prepared, signed, and issued in the manner
hereinafter provided Provided, That tho
amount OF money borrowed or Obtained, by
virtue Of the notes which may be issued by
virtue of this section, shall be deemed and
held 10 be in part OF the sum Of sixteen mil
lions of dollars, authorized to be borrowed by
the present session Of Congress.
Sec. Q. Ind be itjxrther enacted, That the
said L rcasuary Notes shall be reimbursed by
the United States, at such places respectively
as may be expressed OH the face Of the said
notes, one year respectively after the day on
which the same shall have been issued from
which day Of Issue they sball bear interest, at
the rate of I've and two fiihs per centum q
year, payable 10 the owner and owners of such
notes, az the Treasuary, or by the proper COM
n'ssioscr ot loans, or by tie officer designated
for that purpose, at the places and times re.
spectively designated on the face of said notes,
Tor the payment of principal.
Sec. 4. Ind be h further enacted, That the
said Treasury Notes shall be respectively
signed, in behalf of the United States, by per.
sons TO be appointed for that purpose by the
President of the United States, two Of which
persons shall sign each note, and shall each
receive, as compensation for that service, at
the rate of one dollar and twenty FIVE cents
Tor every hundred notes thus signed by them
respectively and the said notes shall likewise
be, coun,ersigned hy the Commissioners of
Loans for that state where the notes may re.
spec,ively be made payable in tho district OF
Columbia, or by person to be appointed for
that purpose by the President of the United
States, IL mado payable in a state for which
there is no commissioner OF loans which
person or persons thus appointed shall also re-
ceivc, as compensation for tha, service, al
the rate OF one dollar and twenty five cents for
every hundred notes thus signed by him or
them respectively.
Sec. S. Ind Be it.ji.rfler enacted, That the
Secretary of the Tressuary be, and he is here
by authorized, with ~ appreciation Of the
President Of the United States, to cause TO be
Issued such portion OF the said Treasuary
notes as the Presiden, may think expedient,
in payment Of supplies, or debts due by the
Uhi,ed States, TO such public creditors or 9TH
er persons as NAV choose to receive such
notes in Daymen,, as aforesaid, at par and
the Secretary Of the Treasuary is further au-
thorized, with the appreciation Of the Presi-
dent Of the United States, to borrow from
time 10 time, not under par, such sums as
The President may think expedient ON the
credit OK such notes or 10 sell, not under
par, such portion OF the said notes as the
preAident may think expedient And 1t shall
DC q good execution Of this provision 10 pay
such notes TO such bank or banks as will re-
cciyc the same at par, and give credit to the
Treasurer OF the United States for the "a
mount thereof, oD the day on which the suid
notes shall thus be Issued, and paid 10 such
Ssfk or banks respectively.
Sec. s.. .4nd be is further enacted, That
tho bSecretary of tho Treasury be, and be is
heeby authorized, with the appreciation Of
the President Of the United States, TO en-
plcy an agent or agents for the purpose OF
selling any portion Of tho notes which may
be issued by virtue Of this act commits
sion not exceeding one quarter OF one per
cent on the amount thus sold msy, by the
Secretary Of the Treasury, be allowed to
such agent or agents and sum not exceed
ing tweuty-6v thousand dollars, 10 be paid
out Of any monies IN the Treasury, not o.h-
erwise appropriated, is hereby appropriated
for paying such commission or commissions
as may be thus allowed.
Sec. 7. Iad be IL further enacted, That the
said Treasury notes shall be transferable by
delivery and Assignment, endorsed ,hercan by
the person 10 whose order the same ,isli, on