Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-04-15
TREASURY DEPARTMENT.,

WHEREAs, on the Sd of March, 1895 Law. WAS
w passed by the Congress of the United States of
which the Sd, 18th, aud th in the words follow
ing viz:
SEC }. .And be IL further enacted That subscription
tue amount oLtweive ions OF dollars, the per
cent. stock of year eighteen hundred and thirteen be-
and te same Is hereby proposed; for which pun books
shall be opeucd at the Treasury of the United States and
at me several loan oIces, the first day of April
TO continue open until the fist day nj October thereafter for
suc parts OF the above mentioned description of
SHALL ON the day OF subscription stand on the books of the
eas"y, anu on those oi the several loan Offices, respec-
lively; which subscription shall effected by uauster to
the oned States, i'll the manueI provided by law for
such transfers. of the credit credits standing on the said
o"ohs ana ny surrender of the certificates stock so
subscribed; Provided That all subscp,ion such trans
Ter VI STOCK snail he considered part the said twelve
millions CT dollars authorized be borrowed hy the FIST
section of this act.
"SEc f. lind be u|urtter enacted That. for The Who'll,
on any part of any which shall he TINS
credits shall be entered the respective who
shaii DE entitled to certificate certificates prpoups
at the united States owe to the holder holders hereo
his, her. their assigns, sum TO b. .xnr.sssa ,hors
equal to the amount OF the principal stock hus subscribed
pea"s an interest not exceeding four and halt per
centum per amman, payable quarterly, from the thirty
first day of December, thousand eight hundred and
twenty hve; transferable III the maunc as is pov
ded by law for the the stock subscribed and h
Jec TO redemption the the United states n
ioows: one hall at any time after the thirty dav of
december one thousand eight hundred twenty
ana ne remainder at any time after the thirty day of
December one thousand eight hundred and
Provided, That shall be made excent fx
the whole of new certificate. no mil f,o
at least SIX months public such intended r.m
ourSeent And 1t shall be the of the Secretary of
the treasury to cause be TO the epect;ve
SUBSCRIBERS the several by hevond tho
amount oil the certihcates of four and half per cent
stock issued to them respectively.
SEC. D. lind be II further enacted, That the same
unus which have heretofore BEEN now are nedoed
by law Tor the payment othe interest and for the
non ana reimbursement OF the stock which NAV he re-
OF reimbursed by vi tue of the provisions this
sha remain pledged III like manner for the payment the
interest accrung the stock created by of sr
subscriptions and for the redemption or reimbursement of
the principal of the And il shall be te du,y f rho
commissioners OF the sinking fund to be apulied
ana PAID out OF the said fund.- yearly every year such
sum aud sums as may be annually required to discharge
the interest accrng the stock which NAV be created h
virtue oil tins act The said commissioners are So hereby
authorized to apply from time such sum and sun.
u vi tue sad lund, as they think proper,
oeemiS by purchase, or by reimbursement in conformity
WIN TIE poVisiohs OF this act, the principal the said
STOCK ana such part of the annual ten millions ne
dollars, vested by law the said commits nc NAV b
necessary and required for the above purposes shall be
ana commune appropriated Ia the payment interest and
redemption OF the public debt until whole of the stock
which may he created the provisions of This ART
snail have been redeemed reimbursed"
Now therefore, notice is hereby given, that books will he
opened az the Treasury OF the United States and at the
several loan Offices the first day April next nd con-
nue open until the first day of October thereafter for re-
ceVg SUBSCRIPTIONS IN conformity with the provisions of the
said law ~
The subscriptions may be rade by the propreors of the
o'h' ceI III person or by their Attorneys duly auhorz-
ed to subscribe and transfer the United States
ohooiu subscriptions OF said stock be made amount
exceeding Twelve millions of dollars, distribution of the
said sum of twelve millions will be made ano,c tho CHI
scoers, III proportion to the subscribed BY them
pectivey.
| SAMUEL l.. SOUTHARD.
| . Acting Secretary of the Treasury,