Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1825-07-26
TREAsunY DEpARrMENr, March "A, 1925

IL hEKLAo, ,- od oi Mar,n, 1925, law passed by
w the Congress of the United States, of which the 3D. 4t
aud 5tl sections, in the word. following,
Sec. 3. And BE- IL further enacted, Tint subscription
the amount OF twelve millions Of dollars OF the six per
stock the egheeu hundred and thirteen be- and the
hereby proposed; Tor which purpose books shall he
opened the Treasury of the United S,ate aud the
raj loan offices, the first day OF April continue open
until the first day ut October thereafter for such parts # the
aforementioned description Stock rs shall ON the day Of
subscription, stand the hooks vi the Treasury and those
OF the several loan offices, respectively; which subscription
shall he effected ny transfer to the United States, the
provided law Tor such siers, of the edit credits
Standing SAID books aud 10y surrender OF the certificates Of
the stock subscribed. Provided That all subscription
of stock, shall be part
twelve millions OF dollars sutcrisedto be borrowed 10y the first
section o this
part Of sum, which shall thus Subscribed credits
shall he entered the respective subscribers, who shall he
titled 10 certificate ceriihcaes, pupoing that the United
states owe TO the holder or holders thereof ms, her, their
assigns, TO he expressed therein, equal the
the principal stock thus subscribed, bearing
eeeding aud halt per per annum, pay able
quarterly, the thirty r.t day Of Decembe thousand
eight hundred aud twenty five; transferable the
provided by law for the transfer Vi the stock sUbscTb
ed, and subject TO redemption the pleasure Of the United
States follows; hall al any tune after the thirty
day OF December thousand eight hundred and twenty
eight and the remainder any time the Ihnyfrst day
Ul December, Thousand eight hundred and
PrVpded That reimbursement ha he made, eepi for
whole Of such certificate, until after
months public notice Of such intended And
shall he the duty OF the Secretary Of the Treasury
to be rersnsfered to ne respective subscribers tn, several
them subscribed beyond the the Certificate.
one-f per stock issued 10 then ecyely
s. And be II further enacted, That The funds
4
the payment Of interest aud Tor the redemption s,I ri-
bursenent NJ the stock which may lie redet med reimbursed
by vnus VI the provisions Of this act, shall rensn peged IN
like oI the payment Of The interest accIuis the
stock created by Of such subscription, the
dempOn reimbursement Of the Pfnci same And
shall he the duty OF the Commissioners the Sinking Fund
be applied aud paid, ont Of the said und, carly aud
every year, and may snnu1iy required Ia
discharge accrung the stock, which
aed by ,tue ~ tbs act. The ssd COMMISSIONERS are also
hereby authorised u apply, from me to Tine, and
the said fluid, they may think proper, towards
feIeemng by purchase or by reimbursement, conformity
provisions at this asi the principal the stock
an such part the annual Of ten millions dollars ye
by law said Commissioners may be necessary and
required or the above purposes shall be- aud continue appro
pfiated the Of interest and redemption 0f the pub
lie debt until the hole Of the stock which he created
under provisions VI this act shall have been redeemed Of
reimbursed"
Noic srefore Notice bereby guen That hooks will b,
opened the Treaury the United States and the severn
loan Offices the first day Of April nex, and continue oper
until the dfst DAG October heuer, for receiving subscrp-
sons conformity with The provisions Of the said law.
The sab.tfpons he made by the ptopriet5rs Of
stock ehef person by their Attorneys duly authorized 4,
subscribe aud transfer II 0 the United States
Should subscriptions Of sad stock he made 20
ceedng weH millions ~ dollars, Distribution VI the said
Of twelve nriion will be made the subscribers pro
portion TO the subscribed BY them repe lively.
SAMiL l. SOUTHLAND b.
l dcting Secretary IF the Trens,rv
March 25. 1O5-tSOhS.