Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-20
TREAsunY Department,
JNarcI, Ia. I995

March II, 1925. !
w passed by Congress of the United Sta,ae nf
which the 3D. 4' and 9th sections words follow
ing viz:
SEC ,. find be ii Further enacted Tia, sh;,;
tothe amount OF twelve millions dollars of the six n
cent stock OF tie year eighteen hundred and thirteen h.
ana the same Is hereby propoSed which purpoe hooks
'ai oe opened at the Treasury of the United States and
at the several loan Offices, the first dav of Arl
TO continue open until the first day October or
su parts oil The above mentioned description of stock n
SHALL on the day of subscriptions sta nd on the becks of
treasury and ON those of the several Offices respec
lively; which subscription shall be erc,ed IN, t,,sC -
me United States, the nnel Dyovidrd hy To-, c
such transfers, of the credit credits standing on the sail
DOCKS ana by surrender of the certificates of the stock go
subscribed Provided, That all substitution b sucb trare
Ter n stock slaithc considered part of the said twelve
millions Of dollars authorized he borrowed bv TN, 6,
! section of This act. " 80
SEC H. .i,dbe uJtrtlcr enacfed That. for tho ,h,,
Oh any part OF any which shall he ,buy s,h";h,
credits shall be entered respective s,,bscrif
shi DC entitled to certificate certificates nuruor,ino
at he Cnted states oc To the holder ar holders iheranT
' ' OF "e'r assigns sum to be expressed therein
euai to The amount of The principal stock thus subscribed
"e"s an interest not exceeding and one half no,
e"'uhi per ahnun, payable quarterly, from the ,b;rt,
h's day OF December, thousand eight hundred ,,
Iy ''e' transferable III ilc manner as is provi-
ded by law for the Of the stock Subscribed ~ ~
Ject L" redemption al the pleasure the United State a.
olIo"s one half at any time after the tirrv-frst d -
a"e'' one thousand eight hundred and tweuiv-eiobt.
ana 'he remainder at any time after the thrtv-frs a. -
neoemoeI' one thousand eight hundred and ;,.
Provided, That no reimbursement shall be made exc g.
TIE whole amount of such new certificate. NOR ,;, "
al 'east SIX months public notice OF such intended ~
burseinent. And it shall the duty of IN. Sal '
the Treasury to to be reransferrrd to tho ro;
SUBSCRIBERS the several sums by them suscr bcd bsyd 49,
amount OF the certificates four aud one half , ~
stock issued to- them respectively -" 'e"''
SEC D. IND be al further ezacted That tho cam
uhaS winch nave heretofore BEEN and now are ,teda4
by law Tor the payment nf the interest and for Tho
uoh ana reimbursement of the stock which NM. - -
deemed or reimbursed by virtue of the provisions of this
ai remain pledged III like manner fo the payment of the
mn Tho
subscription, and for the redemption or re;rh,,rs. va
e p'hcIpaI OF the same. And shall lie the d,,,, 81 e.,
commissioners OF the sinking fund to cause IN no an,,
ana PAID out OF the said fund yearly and every scb
Sum and sums as may be annually rcoui,cd ~ 49,.
Inc interest accrung the stock which NAV no cro5 -
virtue of this act. The said commissioners a-e a..
apthor'Zed To apply from time to time such sum and ]
out OF the said fund, they may think proper ,or,, M ~
ctg' oy purchase, or by reimbursecnt in corC,r,;t
o PROVISIONS CT this act the principal of the said
OCN' "ho such part OF the annual sum of ten ,Iins ri
collars vested by law in the said commissioner m -
necessary ana required for the above puruose shall he
ana conihue appropriated tho payment of inerss, d
OF the public debt, until tire whole of the stock
when may be created under the provisions NJ ,is ,,
snail have been redeemed or feimbursedD
wow therefore, notice is hereby given that books win e
opeeo ~ the Treasury Of the United States and q, The
se'ea loan ofces on the first day cfA next and con-
'e open un the first day of October thereafter for re-
said law. W we
The subscriptions may be made by the PROJECTORS of m
STOCK, either IN person by their Attorneys uy a,
cd to subscribe nd transfer it the United Satcs
Should subscriptions of said stock be made N a ,.
exceeding twelve millions Of dollars distribuor ~ i
said sum Of twelve millions will be made ar,,o ,t 81,
scrbefs IN proportion ~ the subscribed by them re-
Pectively.
SAMUEL L. soUTHARD,
,,,oo acting Secretary Of the Treasury