Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-06-17
Treasury DErAnrMENr.

-u6IreL. IL 1895
WHEREAs on the Sd Of March. 1929 was
w passed by the Congress of ale Umi,cd States, of
whc the Sd 4lh and 5th sections in the words follow
ing, viz
SEC. 3. lind be 1t further enacted That subscripton
to the amount of twelve mil ions dollars of tho six per
cent stock of the eighteen hundred and thirteen
ana the same is hereby. propoed for which purpose
snail be opened at the Treasury OF the United and
at the several loan Offices the dav of April next
to continue until the FIST day of October tier
such parts oi the above nfnioacd decrip stock
SHALL the day of subscription. stand books
Treasury and those Of the several loan oces resecc-
lively; which Subscription shall be effected 10y transfer
the United States, in the provided by law
such transfers, OF the credit credits standing said
books, and by surrender OF the stock so
Subscribed Provided, That all subscription by such
Ter OF stock shall be considered part of said twelve
millions Of dollars authorized to be borrowed by the
section of this act.
''SEc 4. .1Hd6e FARTHER enGciea That for the whole
any part of any which shall be thus subscribed
credits shall be entered tile respective subscribers who
shall be entitled TO certificate certificates purllurtng
that the United States the holder holders
MS her or their assigns sum to be expressed therein
equal tn tie amount ie principal stock thus Subscribed
beafog an Interest not exceeding four and half per
cehtum per d'Hum, payable quarterly, from te Thirty
first day OF December, thousand eight hundred and
tweuty-hce transferable in the is pov-
de by law for the transfer tine stock subscribed md sub
Ject To redemption the pleasure of the United States as
follows: one half aUy time after the thirty day of
December, thousand eight hundred lyveueiph;
ami the remainder at time after irty-hr8t day
DrccUhcr, thousand eight hundred and fwenv-nine:
P'"vr'cd nat no reimbursement shall be made except
the whole amount Of cericate: nor until after
at least SIX months public of such intended rc:n-
brscmeu. Aud shah be the duty the Secretary of
the Treasury to the respective
Subscribers the several by them subscribed the
amount of the certificates of four and half per cent
stock issued to them respectively.
SEC. ,. .4Hd he Il further enacted, That TIE same
funds which have heretofore been, and are, pledged
by law for the payment ofhe interest, nd for the edomp
ton and reimbursement of the stock which may be re-
deemed reimbursed virtue the provisions of this act
>ha remain pledged Ia like manner for the payment of the
interest aCcFing the stock created by Of such
subscription, and or the redemption or reimbursement
tie principal Of the And shall be the the
commissioners Of the sinking applied
and paid out of the said fund yearly and every such
sum and sums as may be annually required discharge
the interest accruing stock which NAV he created y
virtue of this The said commissioners arcG hereby
authorized 10 apply, from time 20 time. sum sums
out of the said fund they may think proper, ards
dccmirg, by purchase, by reimbursement, in conformity
stock; and such part Of tic annual Of millions
dollars vested by law IN the said commissioners. may
necessary and required for the above purposes, shall be
and continue appropriated to the payment of interest aud
which may be created under the provisions of this act
| shall haze been redeemed or reimbursed
Now, therefore, notice is hereby given that books will be
opened the Treasury Of United States, aud at the
several loan Offices the first day If April and CON
time open until the first day of October thereafter, for
ceving subscriptions in conformity with the provisions of the
said law.
The subscriptions may be made by the PROJECTORS Of ht
stock either IN by their Attorneys duly author
cd to subscribe and transfer to the United States
Should subscriptions Of said stock be made amour
exceeding twelve millions Of dollars, distribution Of Tn
said sum Of twelve millions will he made among the sub
scrbes IN proportion to the subscribed by them
Pectively.
SAMUEL L. soUTHARD,
March q ST.