Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-06-03
TREASURY DEPARTMENT,

NNHEREAs, on the Sd of March. 1925, law was
w passed by the Congress of the United States of
which the Sd, 4 and 9Th sections in the words follow
ing viz:
SEC. 3. ind be ii further enacted That subscrption
othe amount OF twelve mil ions of dollars, the six per
cent stock of the year eighteen thirteen be-
and the same hereby, poposed for which purpose
snail be opened the Treasury United States aud
at the several loan Offices, the first day April next
To continue until the day October
sch parts o the above mentioned description of stock
SHALL the day of subscriptions books of the
Treasury and those of the several loan Offices respec-
lively; which subscription shall be effected by transfer to
the United States, i'll the provided by law fnI
such transfers, of the credit credits standing said
books, and surrender OF certificates of the stock so
subscribed Provided, That all subscription by trans
fer of stock shall he considered part twelve
millions of dollars autbo,ized IN no or,o,od b., Ill.,, e.
SECTION of this
SEC. 4. find be ii further enacted That for the whole
any part Of any which shall be subscribed
credits shall be entered the respective subscribers, who
shall be entitled 10 certificate certificates purportng
that the United States holder holders thereof
his her, their assigns be expressed therein
equal to the amount of the principal stock thus subscribed
bearing interest exceeding -four and half per
eentum per annum payable quarter from the thirty
hrst day of December, thousand nd
twentyfye transerra bic i'll the is provi-
ded by law for the transfer sub
ec to redemption the pleasure of the United States
follows: one half time after the thrytirst day
December, thousand eight hundred aud wenty-eght
and The remainder any time after the thryhrs day
December, one thousand eight hundred and twenty
Provided That reimbursement shall be made except
at least six months public notice of such intended
bursement Aud shall be the duty the SECRETARY of
the Treasury be the respective
subscribers tue several by them subscribed beyond the
Of the certificates of four and half per
stock issued 10 them respectively
"SEC. ;. lind be IL further enacted, That the same
funds which have heretofore been, and pledged
by law for the payment ofthc interest and for the redemp
ton and reimbursement of the stock which may be
deemed reimbursed by the provisions this
shall remain pledged i'll like for the payment of the
interest accrug the stock created by of such
subscriptions and for the redemption reimbursement of
the principal of the And il shall he the duty
commissioners Of the sinking fund be applied
and paid cut of the said fund yearly and every year. such
and may be annually required dscha ge
the interest accng the stock which may be created by
virtue of this The said commissioners are also, hereby
authorized to apply from time time, such sums
the said fund, they may think proper
deeming by purchase, or by reimbusemen in conformity
with the provisions of this the principal of the said
stock and such part of the annual millions
dollars, vested by law in the said commissioners may
necessary and required for the above purposes shall be
and continue appropriated the payment interest aud
which may be created under the provisions of this
shall have been redeemed or reimbursed
Now, therefore, notice hereby given. that books will be
opened al the Treasury of the United States aud the
several loan Offices, the day April next
tnue open until the first day of October thereafter, for
ccivng subscriptions conformity prov Of the
said law
The subscriptions may made by the popictors of the
stock, either in person by their Attorneys duly auhoz
ed to subscribe and transfer it To the United States
Should subscriptions of said be made
exceeding twelve millions of dollars distribution of the
said of twelve millions will be among the sub
scribers, in proportion the by
Yectively.
SAMUEL L. SOUTHARD,
Acting Secretary of the Treasury
March p 55t