Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-07-01

ANTHEREAs, on the Sd of March. 1925 a law was
w passed by Congress OF the United States, of
which the 3d. 4th and 9th sections in the follow
ing, viz:
SEC. 3. ind be IL further enacted Tha, substitution
the of twelve millions dollars of te six pyr
cent stock of tue eighteen hundred thrteen be-
and the is hereby mopoScd which purpose books
shall be opened al the Treasury of the United States and
nt the several loan Offices the first d,y April next
to continue open until the first day o October
such The above mentioned descrip ON of stock as
shall, the day subscriptions, on tn. books of ,
Treasury and on those OF the several loan respec-
,ivey which subscription shall be effected y transfer TO
the United States IN the manner provided by law fol
such transfers, OF the credit credits standing on the said
books and by suftendcf ut the certificates oi the stock
subscribed Provided That all subscription hv suc! trans
fer of stock allbe considered part twelve
millions ci dollars authorized TO be borrowed by the
section of this
"sEc 4. .4ndJe Hjurlter enacted That for the whole
~ any part OF any sum which shall be thus subscribed,
credits shall be entered to the respective
shall he entitled TO certificate certificates purpormg
that The United States owe to the holder holders thereof
ms, he ar their assigns, be expressed therein,
equal to the amount te principal stock thus subscribed
bearing interest not exceeding four one half per
centum per anuum payable quarterly from thirty
hrst day OF December, one thousand eight and
twenty -fve transferable in the manner as is pro,i-
ed by law for the transfer of the usr rbe nd s,b
ec redemption the pleasure of the United sn,ce az.
follows: hall any the thirty first dny oc
December, thousand eight hundred and ,weuty-eah,;
and the remainder at any time after the thirty FIST day OF
December, thousand eight hundred aud wenty-,inc
pf"vide That no reimbursement shall be made except for
the whole amount of such certificate; until utt,
at least SIX months public notice of intended r,m
nufSeiet ann II snail be the duty nf the SecI
the Treasury to cause To he retai>iered respective
subscribers the evet. sums by them subscribed beyond the
amount of the certificates aud one half ner rent
stock issued to them respectively.
SEC 81 lind be al fftrHser enacted, That the same
funds winch have heretofore been, are, plcieed
by law lr the payment nf the interest for The r,Irn
ton and reimbursement of the stock which may Inc NO.
deemed on reimbursed by virtue of the this
>aIi remain pledged III like PAYMENT of e
interest accruns on the stock created by such
subscriptions and for the redemption or reimbursement, of
the principal of the And shall the duty of the
commissioners OF the sinking Ia cause TO In. nnled
and paid out OF the said fund, yearly evey vcar such
sum and sums as may he annually required To ,scla rye.
me interest accriIg on the stock which created by
virtue OF tins act The said are al hereby
authorized Ia apply, lfum time time and sums
ont %! the SAID fund, they think proper re-
eeiniS by purchase, by in conformity
W'th the provisions of this act the principal of the said
stock aud such OF the annual ten millions of
dollars vested by Law in the said as NAV no
aud continue appropriated payment of interest and
redemption OF the public debt until whole of the stock
which may he created under the provisions Of this act
snail nave been redeemed or reimbursed.'
ow, therefore, notice is hereby given that books will he
opened at the Treasury of the United States aud a, the
several oan Offices, the FIRST day April next nd con-
inue open until the rstday of October for re-
cclvng subscriptions i'll conformity the provisions of ,
said law.
The subscriptions may be made the prouictors Of the
stock either IN person or by their Attorneys duly authoz
"u 10 subscribe and transfer the United States
should subscriptions said stock be made 10 q n ,o,
exceeding twelve millions of dollars dsbtition of the
''i sum OF Twelve millions viii be made among the sun
Scrioers IN proportion The subscribed v then,
pectiveiy
SAMUEL. L. SOUTIARD
=, Acting Secretary of the Treasury.