Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-07-04
TREASURY DEPARTMENT.

WHEREAs, on the Sd of March, 1926 law was
~ passed by the Congress of the United States of
wc the Sd, 18th, AID 9TH sections i'm the words follow
ing, viz:
SEC j. find be a further enacted That a subsrri,,
to the amount of twelve millions dollars of The 81. p
cent stock OF the year eighteen hundred and thirteen he
ana the same hereby proposed for which u,poe book
snaii he "pcncd at the Treasury the United States and
t the several loan offices, the first av of mil ox
10 continue open until the first day Octobe. f
such parts OF the above mentioned descrut ON f s,cl
'il' Oh Inc day oil subscriptions stand the books of the
treasury, and on those of the several loan offices ,osncc
Vey; winch subscription shall be effected by t,nusGr 10
@ o"'o" states III the manner provided by law for
s"cn transfers. of the credit credits STANDING on the
% oy a surrender of the certificates stock so
subscribed: Provided, That all substitution bv such
Ter OF stock shall be considered part of the said twelve
"iA OF dollars authorized to be borrowed bv the first
rsecon of this
'sEo L. 71,dbe ufurhter enacted That for the Whole
W any part OF any sum which shall be thus subscribed
cleolts snail be entered The respective subscribers ~
shall be entitled To certificate or certificates purportny
ta inc United States owe to the holder holders thereof
ms, her. or their assigns, expressed the
ePu 10 me amount o the principal stock subscribed
bearing an interest exceeding four and one half nor
cen,um per an"uln, payable quarterly from the thirty
hfst day OF December, thousand eight hundred aud
Twenty-Five; transferable in the manner as prov
died by law for the transfer the subscribed and sinh
@ 10 redemption al the pleasure of the United States as
iolowS; one half at any time after thirty duv of
eGeOer' one thousand eight hundred aud twenty eight;
ana the remainder time after hirty-Glst av IF
ecemoe' one thousand eight hundred and twcny-
ffoVitet mat reimbursement shall made cxcrnt f,,
tie whole amount of such cer6cate nor until afte,
at least six months public of such intended ,,m
nufseneht Aih 1t shall be the duty Of Secretary of
me ifeasy 10 cause to be to the respec,ive
Subscribers the several SUMS by subscribed beyo the
amount OF the certificates of our one half e cent
stock issued to them respectively.
SEC. D. .fnd 6e n further enacted That the same
FUNDS which have heretofore been, aud now are nedued
ny law Ion the payment ri the interest, and for the
non ana acknowledgements OF the stock which may he re-
deemed or reimbursed BY virtue of provisions Of this
shall remain pledged in like manner for tic p;veut of M,
interest acclung the stock created by reason of such
SUBSCRIPTION, and or the redemption reimbursement Of
the pnc'al Of the And il shall he the duty of the
commissioners ct the sinking fund applied
ana P" 0u' 81 me sal fund yearly and every year such
s1 and sums may be Annually required to DISCHARGE
the interest accruing the stock which NAV be created b
virtue oil this act The said commissioners re- al so hereby
ahhoHeu Ia apply, from time time, sum and sums
out OF the said fund they may tnk proper toward. re-
drening by purchase, by reimbursement ia conformity
WITH the provisions of this act the p:mcpal of the said
stock; and s0ch pat OF the annual millions OF
collars, vested by law in the said comm as may he
necessary and required nr the above put,eS shall be
and continue appopriu ted the pa uncut uf interest and
redemption OF the public debt, until Of the stock
which may be created under the pro, isios Of tins nor
shall have been redeemed or reimbursed"
Now, therefore notice is hereby given tl max. VIII .
opened az the Treasury OF the United States and AT the
several loan oices The first day If Api next and CON
tnue open until the first day of October thereafter for
cevng subscriptions in conformity with provisions of the
said law.
The subscriptions be made by the poprioors of the
Stock eithef by their Attorneys daily
ed To subscribe ard transfer the United States
Should subscriptions OF said stock made to an amount
exceeding twelve millions of dollars distribution of the
said sum OF twelve millions will he made among TIC sub-
scfbeFs III proportion to the subscribed by them res
pectively.
SAMUEL. /. SOUTHARD,
Ac,u 1C,,