Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-27

! ~ HEREAs, on the Sd Of March. 1925 a law was
w passed by the Congress OF the United States. Of
"ncl Tue 3D. 4t ahd 5th sections in words follow
ing,.viz
SEC. j. .l'd be further cAacted That subscrinon
10 the amount oftwehe millions of dollars of the six per
No'' S'oc" oil the year eighteen hundred ami trtecn be-
ana the same is hereby propoSed which purpose books
snail DC opened at the Treasury of the United States and
al the several loan Offices, the day of April next
continue open unthe first day OF October for
cn parts OF the above mentioned descrp of stock as
SNAIL On tile day of subscriptions on the books of the
treasury and ON those Of the several loan Offices respec-
ey' when subscription shall be effected bv transfer
''e United States, the provided by law for
acn transfers, OF the credit credits standing on the said
o"o!s' ana by surrender of the certificates tie
suosc0ed Provided, That all subscription by such trans
Ter OF stock shall be considered as part of the said twelve
millions CT dollars authorized DO by the first
section OF this act.
SEQ f. 11tdJc IL Ceriter enacted, That for the whole
OF any part OF any which shall be thus subscribed
credits shall DC entered the respective Subscribers WIN
snail be entitled to certificate certificates purporn.
tat the United States the holder or holders thereof
us hcr' or their assigns sum To be expressed therein
equal to the amount of the principal stock thus subscribed
bearing an interest not exceeding one half per
ccnum per annun, payable quarterly, from the ihirtv-
hrSt day OF December, thousand eight hundred aud
Twenty-Five; transferable in the manner as is uroyi
ded by law tor the transfer ofhc stock subscribed and sub
lect to redemption the pleasure the Uucd States as
follows one half at any time after the hirty-fsst day of
December, one thousand eight hundred and twentyeiah
anu 'he remainder at any Time after the trty6lst day of
December, Thousand eight hundred aud twenv-iue
Provided That reimbursement shall be made except for
tile whole amount Of such certificate; nor until fer
at least SIX months public notice OF such intended REIN
huTsement And IT shall be the duty of the Secretary of
ht treasury 10 cause to be fetanCrrd to the respective
subscribers the by them subscribed beyond the
amount OF the certificates of four and one half per cent
stock issued to them respectively.
SEC. .. .Hid be II further enacted That the same
funds which have heretofore BEEN now are, pledged
by law for the payment ofthe interest for the redemp-
tom and reimbursement of the stock which may be re-
deemed OF reimbursed by virtue provisions of this
shall remain pledged in like manner for the pa yneut of the
interest accrung the stock created by reason of such
subscriptions and for the redemption or reimbursement of
the principal of the And shall he the uty of the
commissioners OF the shaking fund to cause to be applied
and paid out OF the said fund, yeay every YEAR such
SOM and sums as may be annually required to sch roe
the interest accrujng the stock which may be created v
virtue OF this act The said commissioners are ao hereby
authorized apply, from time such sum and sums
out OF the said fund, they may think proper towards re-
deehg, 10y purchase, or By reimbursement, in conformity
WIN the provisions OF ths act the principal of the said
stock and such part OF the annual of millions
dollars vested by law IL the said commissioners as may be
necessary and required for the above purposes shall he
ana continue appropriated 20 the pa yent of interest nd
redemption o! the public debt until the whole the stock
which may be created under the provisions OF this act
shall have been redeemed or reimbursed"
Now therefore, notice IS hereby given that books will be
opened al the Treasury OF the United States aud the
several loan Offices the first day # April and
tinuc open until the first day of October thereafter,
ceivng subscriptions in conformity with the provisions of The
said law.
The subscriptions may be made by propreors the
stock, either III by their Attorneys duly autnorz-
cd to subscribe and transfer il o the United States
Should subscriptions said stock be made to an amount
exceeding twelve millions of dollars, distribution of the
said of twelve millions will he made among the sub
scribcrs IN proportion to tie subscribed by them res
psctively.
SAMUEL L. SOUTHARD,
Acting Secretary of the Treasury
March 90 55t