The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1814-11-30
(Bp Antboritp.)
INo8l AN ACT
To authorize loan for sum not exceeding three


IL f enacted by the Scu1fe and Hbusc Of RtrrvScn
fcnr-s Of the Un;fed States Of 3nessca Congress
set5ied, That the President Of the United sta,es be-
and he is hereby authorized 10 borrow, on the Credit
of the United states, asum not xceeding three m-
lion Of dollars, 20 be applied in addition the mo-
nes now 10 the Treasury, or which may be received
from other sources, to defray any expences which
have been. or during the presenl war may be-. aa-
shorized by law, and for which appropriations have
been, or during the present year. may be made BY
law: Prcridcd, That no engagement OF contract
shall be entered into, which shall preclude the Unit
ed States from reimbursing any SUM or sums thus
borrowed, at any time after the expiration Of twelve
years from the last day Of December next
Sec. 2->4nd be is jarffer enacted. That the. Sec
rotary of the Treasury, with the appreciation Of the
President OF .hc United States be- and he is hereby
authorized, 10 cause 20 be constituted certificates OF
stock signed BY the Register Of the Treasury. or by
Corhmis sbher Of Loans. for the sum 10 be borrow
ed by Ibis act or for snypt thereof. and the same
be sold And the Secretary of the Treasury shall
lay before Congress an account of all ie monies oh
tanned by the sale of the certificates of stock in man
ner aforesaid, together with statement of the rate
at which the Aame may have been sold.
Sec 3-.7nd IL ;tJirfher enacted, That the Secre-
tary of the Treasury be- and he is hereby authorized
with the appreciation Of the President Of the United
States, to employ an agent on agents, for the pur-
pose Of obtaining subscriptions 10 the loan authoriz.
ed by this act, or Of selling part Of the stock to
be created by virtue thereof A commission not ex-
thus sold. Or for which subscriptions shall have been
thus obtained may, BY the Secretary Of the rreasu
ry, be allowed TO such agent agents and a sum
not exceeding nine thousand dollars. 10 be paid out
Of any monies in the treasury not otherwise appro
ptiated, is hereby appropriated for paving The a.
mount of such commission or commissions As may
be thus allowed, and also For dcraying The exrtnse
Of printing and issuing the subscription cerfica ates
and certificates of stock other expenses inc e nj
to the completing Of ,he loan authorized by,his
Sec 4-Yfnd be IL fsriher enasied. That Il shall be
lawful 10 receive IN payment of any loan oh aimed
under this act or under any other act Of Congress
authorizing loan, Treasury notesuh hich have been
issued according TO law, and which shall become due
and payable on or before the first day at January
nexl, at the par vauc OF suth Treasury notes to-
peshef with the interest thereon aecrred IT the time
OF the payment on account of the t,an
Scc S -.4pd be IL further enacted, That so much
ofthe funds constituting the annual appropriation oi
eight millions Of dollars Tor the payircni Of the
principal and interest Of the public dcbi Of the Uni
tcd States as may be wanted for that purpose, after
satisfying the sums necessary for the payment of the
interest and such part Of the principals of said debt
the United States are now pledged annually 10 pay
| or reimburse, is hereby pledged and appropriated
for the payment Of the interest and for the rcim-
bursement Of the principal of the stock wich may
be created by virtue of this act. H. shall according
| " be te duty of the COMMISSIONS OF tue sin&ns
fund, TO cause to be appiIea and paid OF lie ss,d
| fund, yearly, such sum sums AS may be annually
wanted to discharge the interest actrung on the said
stock, and 70 reimburse the principal IS the same
shall become due, and may be discharged IN confer
nifty WITH the terms of the loan and they arc tugt-
er authorzed,to apply from time to me, such sun
sums out of the said fund, they may think pro-
per, towards redeeming, by purchase, and at q
price not above par, the principal Of the said stock
or any part thereof. M t { 4: s,.s
Sec 6--.9nd be IL further enacted, Thati addition
to the annd sum OF eight millions Of dollars, here
Il. &c 80 --