Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-03

XVHEREAs, the Sd of March. 1925, law was
W passed by the Congress of the Cnted States. of
which the 3d. 4th aud 5th sections are i'm the words follow
ing, viz:
SEC B. lind be further enacted, That subs option
to The amount of twelve millions OF dollars, the six per
cent stock OF tile year eighteen hundred and thirteen be-
aud the hereby proposed which purpose books
shall be opened at the Treasury United States and
at the several loan otces, the first day April next
to continue until the first day for
sucn parts OF the above mentioned description of stock
SHALL the day of subscriptions stand the books Of the
treasury ana on those OF the several loan Offices respec-
nvey winch subscription shall be effected by transfer TO
the United States iii the provided by law for
such transfers, of the credit credits standing on the said
books and surrender of the certificates the stock so
subscribed Provided That all subscription by such trans
Ter of stock shall he considered part of the said twelve
millions Of dollars authorized borrowed by the fl st
section of this
SEC. f. lind be Hfrter enacted, That for the whole
OF amy patt of amy which shall thus subscrihed
credits shall he entered TO the respective subscribers who
sha he entitled TO certificate certificates purporng
that tue United States holder or holders hereof
MS her the; assigns, be expt ssed ter,in
equal TO the Amount othe principal stock AUS subscribed
bearing an interest not exceeding hall per
ee"" per ann, pabif Quarterly from the th ty-
FIRST day of December, thousand eight hundred add
twenty i've; transferable IN The manner as is proxi-
ded by or the stock subsc he'd nd sh
ject TO redemption pleasure the United States nc
follows: one halt at any tii y first dav of
December one thousand eight hundred twenty eight:
ana the remainder any the tiv-d first oav of
oecember one thousand eight bundled tweny-nine:
Provided That reimbursement shall be made eycn, for
the whole amount Of such oefcae noi until after
at least SIX months public notice intended ,e,m-
burse icnt And it shall be the duy Of the Secrc,ar of
'he Teasu To be to TN, resn.c,ivc
su1scrDes tr several by subscribed bero,d the
amount OF the certificates four one half rer cart
stock issued them respectveIv.
SEC. D. ind be Il further enacted That the same
funds which have heretofore been, and now arc NEEDED
by Jaw of The the interest for the redenn
non and reimbursement OF the stock which may be re-
deemed or reimbufsrdby virtue the provision. oil m
ShaIi remain pttdstdd IN like tins payment Of lie
interest acc"ng on toe stock by reason Of such
SUBSCRIPTION and lof the redemption reimbursement Of
the principal OF the And shall be the d,y OF the
commissioners of the sinking fund to cause 10 he united
and paid out of the said upd yearly and evcty year such
sum ana sums be annually required 70 djschasoe
the interest aceruing the Which NAV br crea ~,
virtue OF this act The said commissioners are also
authorized TO apply from time to time, sum and sums
out OF the SAID fund, they may think proper to
deemng by purchase, by reimbufsenient in conCof-
with the provisions OF this act the principal Of r.c
Stock and such part OF the annual sum of te;. r M
dollars, vested by law mRhe said commissic eis
( necessary and required Tor the above p,. 9rs
and continue appropriated to- the payment g..
| redemption of the public debt, until the Whole
which may he created under the rfogisiors o.
shall have been redeemed o. lei hu, sei."
! Now, therefore. notice is hereby eiven hat boGf4 80
opened a. the Treasury Of the United States aud a. e
several loan Offices, the day Aps mkt nd .or
tnue open until the FIR, day Of thereafter lc o.
ctyng subscriptions in conformity h the provision, s
said law.
The subscriptions may be made by the propfors Of iHs
stock either IN person by THEN Attorneys v auhorz-
cd to subscribe and traDsle, the u.,ad States
Should subscriptions Of said stock BE Jlde to amount
exceeding twelve millions Of dollars, distribution Of the
said sum of twelve millions viii be made among the sub-
scfTbers, w proportion subscribed v them res
pcctvely.
SAMUEL L. soUTHARD,