Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-24
TREASURY DEPARTMENT.,

WHEREAs, the Sd Of March. 1925. a law was
" passed by the Congress of the United States, o
which the 3d. 4t nd 5h sections are in the words follow
ing, viz:
SEC. 8. ind be farther enacted That subsrription
to the amount of twelve million dollars of the six per
cent stock of the year eighteen hundred and thirteen he
ana the same hereby proposed; for which purpose books
snail be opened at the Treasury of the United States and
at the several loan Offices, day of April next
to continue until the first day of for
sucm parts OF the above mentioned description of
SHALL on the day of subscription, on the books of the
treasury and ON those Of the several Offices respcc-
uNSyj "lCh SUBSCRIPTION snail he effected by transfer
the United States, IN the manner provided by for
such transfers of the credit credits standing said
books by Surrender of the certificates of The ok
subscribed Provided, That all subscription by ira
fer OF stock shall he considered part said twelve
millions Of dollars authorized be bonowed bv the first
section of this
SEC 4. .4ndbe riteI. tnaricd That for the ,vro,c
On any part of any which shall be thus subscribed
credits shall be entered the respective subscribers who
shall be entitled TO certificate or certificates p,rpnrup
MS her, or their assigns, expressed therein
equal to the amount of the principal tus subscribed
bearing an interest not exceeding four one half per
centum per hnnum payable quarterly from thirty
first day of December, thousand eipht hundred and
twenty five transferable in the is prov
e" o law of Tue transfer oil the stock subscribed
iect to redemption the pleasure of the United States
follows one hall at any time after the thy-rst day of
Dccembe thousand eight hundred and twenv-eiobt:
and the remainder any time the thirty-rst day of
December one thousand eight hundred and twenv-nine:
Provided That no reimbursement shall be except for
he Whole amount Oh such new certificate; until
at least SIX months public notice of such intended
bursement Aud it shall be the duty the Secretary of
the Treasury to be TO the respective
subscribers the several by them subscribed beyond the
amount of the certificates of ono half per cent
stock issued to them respectively.
SEC 3. find be al fitriher enocfcd That the same
funds which have heretofore BEEN and NOW are pledged
by law for the payment Ofthe Interest," for the redem-
ton and reimbursement Of the stock which may he re-
deemed reimbursed by the provisions
shall remain pledged in like for the payment
interest accrung the stock created by of such
subscription aud for the redemption reimbursement of
the principal of the And it shall lie the duty the
commissioners of the sinking fund be apped
and paid of the said fund.- yearly and every year,
sum and sums may be annually required discharge
the interest aCcung the stock which he created b
virtue of this The said commissions also hereby
authorized apply from time time sum and sums
ont OF the said fund, they may think proper
deemng by purchase, by reimbursement, conformity
with the provisions of this act the principal the said
stock; and such part OF the annual millions of
dollars vested by law in the said commissioners as NAV be
necessary and required for the above purposes shall be
and continue appropriated the payment of interest and
redemption OF the public debt until the whole of the sock
which may be created under the provisions Of this act
shall have been redeemed or reimbursed"
Now therefore, notice hereby given, that books will be
opened the Treasury of the United States and at the
several loan Offices, the first day If April next and con-
tnue open until the first of October thereafter for
/ said law.
The subscriptions may be made by the proprietory Of The
stock, either in person 10y their Attorneys duly auior
ed to subscribe and transfer it to the United States.
Should subscriptions Of said stock be made to an amour
exceeding twelve millions Of dollars, distribution Of tn
said of twelve millions will he made among the sub
scribers in proportion the subscribed by res
pectively-
SAMUEL L. soUTHARD,
Acting Secretary Of the Treasury
Iarrh