The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1813-03-11


ru,ion of The said power to borrow, for ,hc
fresldeni OF The United States To cause 60 ID
solo the whole or any part of the certificates
| oi stock issacd Tor tho sums 10 he borrowed
1 by virtue OF this act.
+! Sec. 2. .frd De ii further snacfed, That
The rr-sident ofthe United States. do cause
, - ne iaid hcicse Congress, on the frs, Mon
day IN February, eighteen hundred aud tour
teen, or as soon thereafter as Congress may
De ~ session, an accou6t OF AL the mories ob-
,elncd by the sale of the cer,ihcates of sioe
by virtue oi The power given him by the pre-
redicg section, together with a statement al
tthe rate az which The same may have been
sold.
Sec S.,isd Dc X y,;rfser er0c,eG, That the
sec;c's'y oi,hv Tressus'y De, and he IL here
ny so1ha'i1ed 10 employ, wilh the appreciation
Oh the Presiden, of the United States, an a.
seni or agents, ior The purpose of obtaining
\ subscriptions, 10 The loan authorized by this
ACT, On ct selling any part of the stock created
by virtue thereof. A commss no, exceed
ing one qnar;cro of one per cen,. on the snoont
thus sold, or for which subscriptions shall
have been thus obtained, may, by the Sccre.
ts,y OF the Treasuary, be allowed TO such I. .
q
iorty thousand dollars, 10 be paid out of any
monies in tho trcasuary not otherwise appro-
p.iated, Is hereby appropriated for paying the
amount OF such commission, or commissions,
as may be thas allowed, and also Cor defray-
iog the cspences OF printing rnd issuing the
subscription certificates OF stock and other
expcnces incident To the receiving OF subscrip-
tions, and completing the loan authorized by
this act.
Sec. 4. Ind 5e il jarfler enacted, That SO
much OF the funds constituting the annual APP
preparation oteigh, millions of dollars, for the
payment Of tho principal aud interests OF the
public debt of the United States, as Inay be
wanted Tor that purpose, alter satisfying the
sums necessary for the payment of The inter-
est and such part ofthe principal OF said debt,
as the United States are now pledged annually
10 pay or reimburse, is hereby pledged and
appropriated for the payment Of The interest,
aod for the reimbursement OF the principal OF
the stock which may be created by virtue OF
this act: il shall accordingly be the duty OF
the commissioners cs the sinking fund, 10
cause To be applied and paid out oi the said
!und yearly, such sum and sums, as may be
annually wanted 70 discharge the interes, ac.
Siuiu, on INC Satu STOCK, aud 10 reimburse the
principal as the same shall become due, and
may be tllschagedin in conformity With the terms
Of the loan |; and they are further authorised
TO Apply, from un.c 10 time, sncb som or
sums, ont of the said fund, as they ney think
proper towards rcjeening by purchase, aud
at price not above par, the principal of the
SAID stock, or any part thereof. And the
faith OF the United States is hereby pledged,
to - .blish sufficient revenues for making up
any dc icieney that may hereafter take place
in ,hc funds hereby appropriated for paying
The said Interest, and principal sums, or any
ol them, in manner aforesaid.
Sec. 5. ind be IL n.jarihcr enacted, That il
shall he lawful for any OF the banks in the dis
,rict OF Columbia, TO lend any part of the sum
authorised tc be borrowed by virtue of this
acts any thing in any of,heir charters OF incor-
pora.,on 10 the contrary notwithstanding.
RI. CLAY,
Saeoker Of she House Of Rehresenfatives.
VIM. H CRAWFORD,
1855 Presdenf of the Senate hro tem.
February q, lsl3.--aprRovED,
JAMES MADISON.