Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-20
TREASURY DEPARTMENT,

TVTHEnEAs tine Sd CT March, 1926, law was
w passed by the Congress of the United States, Of
hicA the 3d. 4 and 5th sections in The words follow
ing, viz:
SEC. g. And be IL further enacted That subscription
amount twelve millions dollars of the six uer
the year eighteen hundred and thirteen, be-
and the hereby proposed; for which purpose books
shall be opened the Treasury of the United States,
the several loan offices, the first day of April next
continue open until the first day of October thereafter
such parts of the above mentioned descrip of stock
SHALL the day Of subscription, stand the books
Treasury and those of the offices,
lively; which subscription shall be effected by
the United States, iii the provided by law for
such transfers, of the credit credits standing the said
books and by surrender of the certificates of the
subscribed Provided, That all subscription by
fer Of stock shall he considered part of said
millions of dollars authorized 10 be borrowed by the first
section of this
"SiC. 4. find be further e,dcied, That for the whole
any part of any which shall be thus subscribed,
credits shall be entered the respective subscribers who
shall be entitled to certificate certificates purporug
that United States the holder holders there
h her, their assigns, sum TO be expressed therein,
equal the amount ofthe principal thus subscribed
bearing interest not exceeding four and half per
centuh per annum payable quarterly from the thirty
FIRST day of December, thousand eight hundred and
twenty-five; transferable in aIne manner as is provi
by law for the transfer ofthe subscribed and sub
ec to redemption the pleasure of the United States
follows: one half any time after the thirty-fst day of
December one thousand eight hundred and tweny-eeht;
ami the remainder at any time after the trty-rst day
December thousand eight hundred and tweny-nine:
Provided That reimbursement shall be made except for
rhe whole of such certificate; nor until after
al least six months public notice of such intended reI-
burseet. And it shall The duty of the Secretary of
the Treasury to be the respective
subscribers the several sums by them subscribed bevond the
amount d the certificates of four and half per cent
stock issued to them respectively
SEC. S. find be IL further enacted, That the same
funds which have heretofore been and are pledged
ny law iur the payment of the interest," for the redep-
ZION aud reimbursement Of the stock which NAV be re-
deemed ofrenbursed By virtue of the provisions of this
snail rerba pledged in like manner for the payment of
interest accrung on the stock created by Of such
subscriptions and for the redemption reimbursement of
the principal of the And shall he the duty of the
commissioners OF the sinking fund applied
and paid out of the said fund.- yearly and every year,
sum aid sums as may be annually required discatce
tue interest accrung the stock which may created by
virtue OF this act The said commissioners also hereby
authorized to apply from time to time, such sums
oa ct the said fund, as they may think proper
Geeming, purchase, by reimbursement, in conformity
m the provisions of this act, the principal of the said
stock; and such part of the annual sum ten millions OF
dollars, vested by law in the said commissioners
necessary and required for the above purposes, shall
and continue appropriated to the payment interest and
redemption of the public debt until the whole of the stock
which may be created uudef the provisions this act
shall have been redeemed or reimbursed"
Now, therefore, notice is hereby given, books will be
opened the Treasury of the United States, and at the
several loan Offices, the first day Gf April next con
time open until the first day of October thereafter for
cving subscriptions in conformity provisions IN,
said law.
The subscriptions may be made by the poprietors Of the
stock either IN person by their Attorneys duly autoriz
Cd 20 Subscribe aud transfer it to the nited States.
Should subscriptions OF said stock be made to an aiouH
exceeding twelve millions of dollars distribution Of
said sum oftweve millions will be made among the sub
scbcfs, is proro1ion to he sums subscribed by them
pectivey.
sAdUEL L. soUTHARD,
Acting Secretary of the Treasury
MarcRa2 55s