Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-07-08

SSTHERFAs, on the Sd Of March. 1925, a law was
W passed by Congress of the Unicd States of
whch the Sd, 18th, and 5th in words follow
ing viz:
src 3. ind DC IL i,cA.cr enacted That subsc,ino,
To the amount oftwelve millions dollars of the six pc
cent stock Of the year eighteen hundred ard thirteen be-
aud the same hereby poposcd which purpose books
shall be opened atthe Treasury of the United States and
at the several loan Offices the first day April next
To continue open until the first day October thereafter for
such parts o the above mentioned descrpt of stock as
SNAIL on ule DAY oi subscriptions stand the books
treasury aud those of the loan Offices rcsrcc-
lively; which subscription shall he effected v transfer f.,
the United States, in the manner provided bv law G,
such transfers, OF the credit credits standing on the said
books and by surrender of the certificates the stock So
subscribed Provided, That all subscription 10y
fer OF stock shall he considered part the said twelve
'''"'s 81 dollars authorized to be borrowed by the
section of this
SEC r. 4nd6e HJi'rtter enacted That for the whole
81 any part of any which shall be thus srjsc,d
credits shah be entered the respective subscribers vino
shall &c entitled to certificate certificates purpo,,ins
that the titcd States boiler or holders
ms hc or their assigns, expressed Therein,
equal to the amount of the principal stock illus
nearing an interest not exceeding and one half ne,
ce"iun per amman, payable quarterly, from the nirtv-
i's' u"y Oh Decemnet' one thousand eight hundred aud
twenty-five: transferable ~ mauurr
td ny iaw for the transfer OF the ana sb
ICY 10 redemption at tie pleasure n the United States, as
follows: one nall any time after th,y-frs d,v ot
'eremDer one thousand eight hundred aud twcniy-rgh;
anu the remainder after the ,, m
December, thousand eight hundred ana v.cni,nrc
Provided, That reimbursement shall he made m cont f.
the whole such new certificate. uor mil
ut least x months public notice such intended ,.uu
hSement Aud it snail DC the duty of The Secretary nr
the Treasury be rctansierred to the
subscribers the several by them subscribed beyond rho
amount OF the certificates of four and one half Nor cen
stock issued TO them respectively.
SEC. ;. .4nd be ii turiter enqcjed That rho s,o,s
funds which have heretofore been aud now are pledned
ny law Tor the payment ofe interest and for the rri.nn
non aud reimbursement stock which, NAV ne re
eced OF reimbursed by virtue the provisions of this act
shall remain pledged in like the payment of The
interest accrulng the stock created by reason of such
subscription, and for the redemption or reimbursement f
me principal Of the And shall be the trtv o ,
commissioners OF the sinking fund cause TO be a,ie
ann PAID out o the said fund.- yearly aud every vt, sc
sum aud sums may be annually rcnted In dscI, o
INC interest accTmg the stock which NAV be created Inv
virtue of this The said commissioners are also bcri
"tlnIed TO apply from time time such sum and sums
ou 81 the SAID fund, as they may think proper re-
"teIS ny purchase, on by reimbursement,
WIN the provisions OF this act, tlc rrcia of the s
STOCK; ana such part OF the sum of ten utnrs M
"oiIais vested by law in said commissioners M ma -,
necessary and required for the above Uurpo.s shall he
i continue appropriated payment f iute,,st = nd
eempon ni lie public debt, until the the stock
may DE created under the provisions Of His act
snail nave been redeemed reimbursed"
Now, therefore, notice hereby aive, tina, b,,s-,u J.,
opened a. the Treasury OF the United statcs aud at IN.
several loan Offices, the tiay f AriI ,ryt a ~
un"e open until the irStduY of October hereafter for c
said law. " '''' u '''c
The subscriptions may made by tho n-oprietors of the
stock either in person By their Attorneys il nu,hn
ca 10 subscribe and transfer it to the Uuited Stors
9hood subscriptions OF said stock be ma h, 10 an ,ot,t
t''S Twelve millions of dollars distribution of tie
' sum OF Twelve millions will tie among tho s,,i,
s'nefs III proportion the subscribed bv hco,
pectivcly. ~ 'i' res
SAMUEL L. sOUTHARD,
,-,, Acting Secretary of the Treasury.
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