The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1822-05-22
PUBLISHED BY AUTHORITY.

n Y.
AN ACT 90 aulhorIse tho Sectelaly of ths
treasury TO exchange stock beaing an
interest Of FIVE per cent for certain s,ocks
beahns an interest of six and seven pei
cent.
BE s1 enacted by fhe Senate and Houte OF
Rel.resenfGHves g} fhe United Sfafes oJ diner.
'ea IN Congress assembled, That subsc,ip.
uon 10 the amount OF Twelve millions of dol.
lars, OF tbs seven per cent. stock, and Of he
blk per cent. stock, OF the year eighteen hun
ured and twelve, aud also, ior fourteen mi.
Mons OF the six per cent s.ock Of The ysafs
eighteen nundred and thirtceo, ioutteea, od
n"eeh' oe' and The same is hereby proposed !:
ior which purpose, books shall pe opened d a,
ths Treasury OF the United States, aud at the
seve'ai Loan Othces, on the h ST day of May,
one thousand eight hundred and twenty-five,
70 continue open uo.ii The first day OF Jolly
next thereailer, Tor such pats OF The above
mentioned description OF stocks as shall, ON
The DAY vi subscription, stand on the books of
the Treasury, and on those OF the several
Loan Othces, respectively, which subsctip-
,iSl shall be effected by transfer to the u.
nHsa otetes' IN the fnanner provided by law
'or suSh transfers, P! The credit or credits
o'snoios on the SAID books, and by surTen-
der oi 1he cetiii1csIes OF the stock so subscri-
bed.
sec. z. And be it /urlher enacted, Tha,
tor Inc Whole, or any part, oi any sum, which
snsh be thle sVUscrlUeC, -.
stocks OF the years ooe thousand eight hun
d. ed and tweiye, and one thousand eight hun
dred and thirteen, credits shall be entered TO
she respective subscribers, who shall be en-
g
log that the Unned States owe 10 the boIds',
Or holders thereof, his, her, Or their ass6n.,
q sum, 10 be expressed therein, equal 10 The
ate nouu. OF The principal stock thus subscrib'
co, bearing an iuie,est OF FIVE per cen,um per
annum, payable quarterly, from the thirIieth
day oil june, enc thousand eight hundred aud
twenty-five, uansis roblo III tho same manner
as is provided py law tor the transfer oi The
stock subscribed, aud subject TO redemption
al tie pleasure of the Uuiled States, IN the
propo, ,,on, and al tue periods herein defined,
VIZ. one third at any time alter the thirty
6,st dsy oi December, one thousand eigh,
hundred and thirty; one third al auy time al
Ter the ,hirty.f'ss day of December, one
thou land eight nundIed and thirty.one; and
the emainder at any time after The thirty
6rst day of December, one thousand eight
hundred and thirty-twoi and that for the
whole, or any part, which shall be thus sub
scribed, Of the seven per cent stock, credits
shalt be entered to the respective subscribers,
who shall DO entitled TO certificate, or Ger.
tiicates, purportIpg that the United States
owe 10 the holder, or holders thereof, his,
her, or Their assigns, sum, 10 be expressed
therein, equal to the amount OF the principal
stock thus subscribed, bearing an interest OF
five per cent. per anDum, payable quarterly,
from The ,hiItic,h day OF June, eighteen huo-
dred andtwen,y-two, transferable in the man.
ncr as is provided by law for the transfer Of
the stock subscribed, and subject TO redemp-
zion o, the pleasure of the United States, at
eny time after the thirty first day Of Decem-
Der, one thousand eight hundJed and thirty
shrce Provided, That no Reimbursement
shall be tn lde, except 70. the whole amount
ot such new certificate, nor until alter at
least six months public notice Of such intend
Cd reimbursement. And II shall be ;he duty
Of the Secretary OF The Treasury to cause to
be reirsnsferrcd to the respective subscti.
bers, the several sums by them bs;ribed,
oeyond the amount of the certificates OF FIVE
Der cent. stock, issued to them respectively.
Sec. ; Ind be n further enaeted, That,
II the amount oil seven ana SIX per cent
stocks, authorised 10 be subscribed by the
FRS, section OF thi. oct, shall not have been
subscribed by the frst day Of July next, the
remainder Of tha, amount may be subscribed
on the books Of the Treasury, at any time be-
tween the ssid frs, day Of July, and the frN
day Of October next theresiter and for the
whole, OF any part, of sny sum which shall
be thus subscribed, Of the six per eeot.
stocks Of the years eighteen hundred and
twelve, eighteen hundred and thirteen, eigh-
teen hundred sad iourtseo, snt eighteen hun.