Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-07-15
TREASURY DEPARTMENT,
NIHEREAs, on the Sd of March, 1925, law was
w passed by the Congress CT the United States, W
MhICh the Sd. Alh, AID llh sections

VXTHEREAs, on the Sd of March, 1925, law was
w passed by the Congress CT the United States, w
ing, viz:
'sEc. B. ind be further enacted That subscription
to the twelve millions dollars of the six ue
cent stock OF the year eighteen hundred thirteen
and the hereby. proposed; which purpose books
shall be opened the Treasury United States and
at the several loan Offices The first day April next.
to continue until the first day of October thereafter t
such parts OF the above mentioned descrip of stock As
SHALL the day of subscriptions nd on The books of the
reasury and those of the Offices respec
vely which subscription shall be effected by transfer 10
the United States in the manner provided by law for
such transfers, the credit standing on the said
books and by surrender of the stock So
subscribed Provided, That all subscription by trans
fer of stock shall be considered part said twelve
millions ct dollars authorized TO be borrowed by the first
section of this act.
SEC a. .4,dbe aprtcr enacted, That, for the whole
any part of any which shall be thus subscribed
credits shall be entered the respective subscribers who
shall be entitled certificate certificates purporting
rat rrc United the holder or holders thereof
his, her, their assigns, be expressed therei
equal to the amount Of the principal stock thus subscribed
bearing an interest not exceeding four and half per
centum per payable quarterly, from the thirty
rst day OF December, one thousand eiolt hnn"d ""h
twenty-five transferable in the same manner as -
ue ny law tor the transfer ofthe stock subscribed I'D w
ect 10 redemption ar the pleasure the United
follows: one half any after the -, - %
OecenDef one thousand eight hundred and tpe,,, 80,
and the remainder any time after the tbir !ep'i
e'enoer' one thousand eight hundred and twentv,1i,
Provided, That reimbursement shall he ma de t,y '.e
the whole amount oC e,c -. ,,.c " mace except for
-. .'''ou''' VI SEc 49, serf.c::::a nor until after
~ 60 H"hlhs public notice of such intended reim-
se,'eht' ANA IT shall be the duty of the Secretary of
the Treasury retraserred to the resnectyr
suoscroer the several subscribed bevond the
amount OIL the certificates of four and bali per cent
stock issued to them respectively
SEC. D. fTd be al further enacted That tho SAME
iuhas winch have heretofore been, and are pledged
ny law Tor the 9th interest and for the redn
non ana reimbursement of the stock which NAV be re-
deemed or reimbursed by virtue provisions of this act
sha remain pledged in like payment of the
interest accung on the stock created by of such
subscriptions and for the redemption reimbursement Of
the principal of the shall be the duv of the
commissioners of the sinking fund cause to be applied
ana paid out OF the said fund, yearly every
sum ana sums as may be annually required discharge
te interest accIng the stock which NAV created bV
virtue OF this The said commissioners are also hereby
authorized TO apply from time time such sum and sums
out OF the said fund.- they may think proper towards
deenng' by purchase or by reimbursement, conformity
with the provisions of this act the priucnal of the said
stock and such part of the annual ten millions IN
oolIas' vested by law in the said commissioners as may be
necessary and required for the PURPOSES shall be
and continue appropriated the payment of interest and
redemption OF the public debit until the whole the stock
which may be created the provisions of this act
shal nave been redeemed or reimbursed"
Now therefore, notice hereby given tina books win -,
opened al the Treasury of the United States and at the
several loan Offices, the first o Ap next and CON
uue open until the first day Of October thereafter for re-
ceyng subscriptions IN conformity with the provisions Of the
said law. ~ " ~
The subscriptions may be by the prouieore f the
STOCK either "a person or by their Attorneys duly autbo
eo 70 subscribe and transfer it the United States
ohouW subscriptions OF said stock be made to an amount
oNoeeoios Twelve millions of dollars distributions OF the
SAID sum Of twelve millions be made among the su
scoers IN proportion to the subscribed by them res
pectivcly.
SAMUEL L. soUTHARD,
Acting Secretary of the Treasury
March x 55t