Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-30
TREASURY DEPARTMENT,
March IA, 1925,

NWIBEREAs, on the Sd of March, 1926, a law wa.
w passed by the Congress of the United States of
which the Sd 4th and 5h sections words follow
ing, viz:
"SEc s. find be ii further enacted That substitution
to the amount oftweve millions of dollars of the six per
cent stock of the eighteen hundred and thirteen no
ana Tue same is hereby popose for which purpose books
shall be opened at the Treasury the United States and
a' e several loan Offices on the first day of April next
to continue open until the first day October for
SUCH parts OF the above mentioned descrpt stock
SHALL the day of subscriptions stand on the books of the
treasury and on those of the several Offices respec
Vey winch subscription shall be effected by transfer to
the United States, in the provided by law fo,
such transfers, of the credit credits standing on the
DOCKS and by surrender of the certificates the stock so
subscribed Provided That all subscription by trans
Ter oil stock shall be considered part the said twelve
millions of dollars authorized borrowed by the frs,
section of this act.
"sEc. f. 'd6e d}tntter enacted, That, for the whole
Oh any part OF any which Shall be thus subscribed
credits shall be entered the respective subscribers
sha DE entitled to certificate certificates purportno
inc United States owe to the holder holders thereof
MS her, or their assigns, expressed therein
equal to the amount ofthe principal stock thus Subscribed
bearing interest not exceeding four and one half Do
cehtum per annum, payable quarterly from the thrtv
hrst day OF December, thousand eight hundred nd
transferable III the as is pov-
ed by law for the transfer othe stock subscribed and
ect TO redemption at the pleasure of the United States
follows; one half at any the thirtv-trs, d,v oC
December, thousand eight hundred and
ana the remainder at any time after irty-lst day of
Decenoer one thousand eight hundred twenv-nine:
tloVueu, lnat reimbursement shall be
ne whole amount of such new cerfcate nor until after
at least six months public of such Intended re,m
Dufsenent And shall he the duty OF the Secretary NJ
the Treasury to retranserred to the
SUBSCRIBERS the several by them subscribed beyond the
amount of the certificates of four and one half ner
stock issued to them respectively.
SEC. D. lind be ii further enacted, That the same
iuhas wnlch nave heretofore been, aud are pledged
by law for the payment ohe interest and for the edemn
ton and reimbursement of the stock which may he re-
deemed reimbursed by virtue the provisions of this
shall remain pledged in like manner for the pavnent of the
interest accrung on the stock created by of such
SUBSCRIPTIONS ana Tor the redemption reimbursement of
the principal OF the And II shall be the duty of the
commissioners of the sinking fund to cause to he onlsd
ana paid out of the said fund.- yearly and every veaI
sum ana sums us may be annually required TO discharge
tue interest accrung ON the stock which may beceaed bv
virtue oil this act The said commissioners are also herebv
authorized to apply, from time such sum and ns
out OF the said fund, they may think proper re-
eennS oy purchase, or by reimbursement, conformity
WIN Tue provisions OF this act the principal thc id
Stock and such part of the annual ten millions Of
dollars, vested by law in the commissioners a NAV he
necessary and required for the above purposes SHAH be
ami continue appropriated to the payment of
exemption ot the public debt until the whole of the STOCK
which may be created under the provisions of this act
shall have been redeemed or reimbursed
Now therefore, notice hereby given. books will be
opened at the Treasury of the United States and at the
several loan ohces Oh the first day # April next and
nue oen until the first day of October for
ceiving subscriptions conformity with the provisions of the
said law. 49,
The subscriptions may be by the proprieors Of the
stock either III person by their Attorneys duly utorz-
cd to subscribe and tFa;Sfer il United States
Should subscriptions of said stock be made to anourt
exceeding twelve millions of dollars distribution of the
said sum of twelve millions will be made among the sub
scrbers in proportion to the subscribed by them
pectively
SAMUEL L. soUTHARD,
Acting Secretary of the Treasury
MfHch = 55t