Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-08-26
TREASURY DEPARTMENT,

NNTHEREAs, on the Sd of March, 1925, a law was
w passed by the Congress of the United States nf
which the Sd, 5th sections are in the words lo
ing, viz
"SEc. 3. End be further enacted That subscription
TO the amount oftweve millions of dollars the six Fer
stock Of the year eighteen hundred ana thirteen be-
and the hereby propOSed; which purpose books
shall be opened at the Treasury of the United States
at the several loan Offices, the first day of April
to continue unthe first day of Ocob. tCrea fer for
such parts of the above mentioned dcscrip of stock
shall, the day Of subscription, books the
Treasury and those of the Offices .csnac-
tvey which subscriptions shall be effected 10y transfer
the United States, in the provided by law for
such transfers, of the credit credits standing the said
books and by surrender of the certificates The stock
subscribed Provided, That all subscription b. such
fer of stock shall be considered part twelve
millions of dollars authorized be borrowed by the first
section of this act.
"SEC. 4. .3'dbc further enacted, That for the whole
OF any parF of amy which shall be thus subscribed
credits shall be entered the respective Subscribers who
shall be ehtiled to certificate c"rfcaics purporug
that the United STATES The holder holders thereof
ms, her, or their assigns be expressed e.ei.
equal to tic amount OF the principal stock tus subscribed
bearing interest exceeding four one half peI
ccntum per annIm. payable quarterly, the iriv-
frs; day of Decenbep, thousand eie, hundred and
twenty rausfrra bic in the manner as IS provi-
ded by law for the transfer the subscribed m sub
ect redemption the pleasure of the United States as
follows one half at any time after the iIty first day of
December one thousand eight hundred aud twenty -egh
and the remainder any time after the thirty day Of
December thousand eight hundred aud twcny nine:
Provided Ihat no reimbursement shall be made except
the whole amount of such cerIifcatc until after
at least six public notice of such intended reim
bursenent. And shall be the duty Secretary of
the Treasury be the respective
subscribers the several by them subscribed hcyoud tire
amount Of the certificates of four and one half per
! stock issued them respectively.
"SEc 3. ind be further enacted, That the same
funds which have heretofore been and are pledged
by law for the aymCut nfte interest," and for the reep
ton and reimbursement of the stock which may re-
deemed reimbursed by the provisions this
shall renal pledged i'll like for the payment
interest accrung the stock created by of such
ffNn
the principal of the And &c shall nc duty of the
commissioners of the sinking fund be applied
and paid, out of the said fund, yearly and every year.
aud as be annually required discharge
the interest accrung the stock which by
virtue OF this act The said commissioners also
authorized - apply from time time, md
out of the said fund, they may INNS proper, towards
dceming by purchase, by reimbursement conformity
with the provisions Of this act, the principal of the said
stock; and such part Of the annual Of millions
dollars vested by law in the said commissioners, may
necessary and required for the above purposes, shall
and continue appropriated to the payment Of interest aud
redemption of the public debt, until the whole of the stock
whh may be created under the provisions Of this act
shall have been redeemed remburscd.'
Now, therefore, notice hereby given. books will
opened tlc Treasury 81 the United States and the
several loan Offices the first day Il pri and
tuue open until the rstd day Of October ceafter for
ceyug subscriptions in conformity with the provisions Of the
said Jaw.
The subscriptions may be made by the proprieor Of the
stock either person by their Attorneys duly auhoz-
subscribe and transfer to the uitcd States.
Should subscriptions of said stock be made amount
exceeding twelve millions Of duars distribution Of the
said OF twelve millions viii be among the
scbcr III proportion the subscribed by
Pcctively.
SAMUEL L. SOUTHARD,
Acting Secretary ofthe Treasury.
/ March % 55t