Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1824-08-17

priated, out OF any moneys III the Treasury,
not otherwise appropriated, and placed at the
disposition OF the United States, for the pur.
pose Of accomplishing the objects hereinafter
mentioned, to wit: the sum of twenty thou
sand dollars, for making or deepening the
channel, leading into the harbor of Presuue
Isle, in the state of Pennsylvania and the sum
Of twenty thousand dollars, to repair Plymouth
Beach in the state Massachusetts, and thereby
prevent the harbor, at that place, from being
destroyed.
Washington, May &c, 1924.
Approved: JAMES MONROE.
AN ACT to allow a s,a,y to the Collectors of
the District ofNantucket and Pensacola, ant!
to abolish thesctEice OF Surveyor of the Dis
trict Of Pensacola.
BE it enacted by the Senate and House Of Re
ereseatatsues eft.e United States Of ,4me,4ca in
Congress assembled, That, from and after the
passage OF TINS act, the following annual sSla-
yies be, and the same are hereby, alloweti, to
wit TO the collector Of the Port Of Entry for
the District OF Nantucket, in the state OF Mas
sachusetts, the Sum OF two hundred and Fifty
dollars; and to the Collector of the Port of
Entry for the District OF Pensacola, III the ter
ritory OF Florida, the sum OF five hundred dol
lars.
SSCs q. una oc 10 JHfHST SHHCScN, IRON
and after the thirtieth day OF June next, the Of
fee of Surveyor OF the Port of Entry for the
District of Pensacola, in the territory above
mentioned, be, and the same is hereby, sJo.
lsled.
Washington, May 26. 1924.
Approved JAGE MONROE.
AN ACT to authorize the Secretary OF the
Treasury to exchange stock, bearing an in
tcrest of four and one half per cent. for GER
tain stocks bearing an interest of SIX per
cent.
Be 1t enacted BIZ ire Senate and House of Re
tresentatiues ofU,s U,iaef States Of 4,nerica in
Congress assembled That the President of the
United States be, and he is hereby, empower
ed to- borrow, on or before the first day Of
April next, on the credit ofthe United States,
q sum not exceeding five millions Of dollars, at
rate of interest, payable quarter yearly, not
exceeding four and one half per ceniuni per
annun, aud remburscabe at the pleasure of
the government, at any time after the thirty
first day or December, one thousand eight
hundred aud thirty lone, to be applied, in addi-
lion to the moneys which may be in the frca-
sury at the time ofborrowing the same, to pay
oil and discharge such part of the six per cent.
stock Of the United States, OF the year one
thousand eight hundred and twelve, AS may
be redeeulaole after the first day of January
next.
Sec. 9. End be it further enacted, That it shall
be lawful for the Bank of the United States to
lend the said sum, on any part thereof; and it
is hereby further declared, that it shall be
deemed good execution Of the said power to
borrow, for the Secretary of the Treasury,
with the appreciation OF the President of the
United States, to cause to be constituted GER
ticates OF stock, signed by the Register Of the
Treasury, or by commissioner OF Loans, for
the whole, or for any part thereof, bearing an
interest not exceeding four anil one half per
centum per annum, transferable and REIN
burseahle as aforesaid, and to cause the said
certificates Of stock to be sold: Provided, That
no stock be sold under par.
Sec. 3. md be il further enacted, That sub
scription, to the amount OF fifteen millions of
dollars, OF the six per cent. stock of the year
one thousand eight hundred aud thirtecen, be,
and the same is hereby, proposed; for which
purpose, books shall be opened at the Treasu-
w fthe United States, and at the several
Loan Offices, on the first day of July next, to
continue open until the first day OF October
thereafter, for such parts of the abovemen-
toned description of stock AS shall, on the
day of subscription, stand on the books Of
the Treasury, and on those of the several Loan
offices, respcctively which subscription shall
be effected, by transfer to the United
States, in the manner provided by law for such
transfers. of the credit or credits standing on
the said books, and by surrender of the GER
tiicates of the stock so subscribed.
Sec. a. And be it further enacted, That, for
the whole or any part of any sum which shall
be thus subscribed, credits shall be entered to
the respective subscribers, who shall be enti-
tied to certificate, or certificates, purportng
that the United States owe to the holder, or
holders, thereof, his, her, or their assigns, a
sum, to be expressed therein, equal to the
amount of the principal stock thus subscribed,
bearing an interest of four and one half per
ocntum per annum, payable quarterly, from
the thirtieth day of September, one Thousand
eight hundred and twenty-four, transferable in
the same manner rs is provided by law. for the
transfer of the stock subscribed, and subject to
redemption, at the pleasure of the United
States, as follows: One half at any time after
the thirty day Of December, one Thousand
eight hundred and thirty two, and the remain.
der AT any time after the thirty first day OF De-
sember, one thousand eight hundred and thir-
ty.thrce Provided, That no reimbursement
shall be made, except for the whole amount Of
such new certificate, nor until after at least six
months public notice Of such intended reim-