Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-31
Treasury DEPARTMENT.,
MARCEL II, 1925.

NNTuEnEAs on the Sd of March, 1926 a law wa :
w passed by the Congress of the United States, Of
which the Sd, lh and 5h sections in The words follow
ing, viz:
SEC. g. .4nd be ii further enacted That subscription
the of twelve millions of dollars the six per
cent stock of the eighteen hundred and thirteen
and the same is hereby proposed for which purpose
shall be opened the Treasury of the United States
the several loan Offices day of April next
continue open day October for
such parts of the above mentioned description stock
snail, on the day o subscription, stand books
Treasury and those of the offices, rcspcc-
sively which subscription shall be effected 10y transfer
the United States, i'll the provided by law for
such transfers. of the credit or 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 the said
millions If dollars authorized be borrowed by the
section of this
"SEc. f. .4ndbe HJrHter enacted, That for the whole
any part of any which shall be thus subscribed.
credits shall be the respective subscribers who
shall be entitled 10 certificate certificates purportiug
that the United States the holder holders thereof
his her, their assigns, be expressed therein,
equal To the amount u the principal stock thus subscribed,
bearing interest exceeding and half per
cenum per 1nnum, payable quarterly, from the thry
day of December one thousand eight hundred and
twenty five; transferable in the is provi-
died. by law the transfer of the stock subscribed
ject redemption the pleasure of United States
follows half any time after the thirty first day of
Decenber thousand eight hundred and twenty eip LIT;
and the remainder any time after the tly-6rst day
Dcccmber thousand eight hundred tweny-nine:
Provided, That reimbursement shall be made except for
tie whole amount of such certificate; until after
least six months public notice of SuCh intended
buSement. Aud shall nc the duty of the Secretary
the Treasury be reansleed the respective
subscribers the several by them subscribed beyond the
amount of the certificates of four and half per
stock issued to them respectively.
SEC s. find be ii further enacted, That the same
funds which have heretofore BEEN and pledged
by law for the payment "tbe interest and for redenp-
and reimbursement of the stock which may bc re-
deemed or reimbursed by of the provisions this
shall remain pledged in like for the pa ynen of the
interest accrung the stock created by of such
subscription, aud for the redemption reimbursement of
e principal of the And shall be the duty of the
commissioners of the sinking cause to he applied
aud paid, out of the said fund, yearly and every year such
aud sums may be annually required to- discfa roe
e interest accrUing the stock which NAV be created bv
virtue of this act The said commissioners are also
authorized to apply, from time tine such sum and sum,
of the said fund.- they may think proper rs re-
daeming, by purchase by reimbursement, in conformity
with the provisions of this the PRINCIPAL of the said
stock; md such part of the annual Of ten lions Of
dollars vested by law in the said commissioners as may be
necessary and required for the above purposes, shall
and continue appropriated the payment interest and
redemption the public debt until the whole stock
which may be- created under the provisions Of this act
shall have been redeemed reimbursed
Now, therefore, notice is hereby given that books will be
opened tine Treasury of the United States, aud at the
several loan Offices the day If April and
open until the first day Of October thereaiter for re-
,cving subscriptions in conformity provisions Of The
said law.
The subscriptions may be made by the propctors Of tine
stock either in person by their Attorneys duly auhorz
subscribe and transfer II to 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 DC made among the sub
scbers, proportion subscribed by them res
SAMUEL L. SOUTHARD,
Acting Secretary of the Treasury
March 81 55t