Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-09-16
TREASURY DEPARTMENT,
March ii, 1925.

HNuEREAs, on the Sd of March. 1925 law was
w passed by the Congress of the United States, of
whc the 3D. 4th and 9TH sections in the words follow
ing, viz:
SEC j. ind be further enacfcd, That subscription
TO Tie amount of twelve millions of dollars of the six per
cent stock of the year eighteen hundred and thirteen he
ana the same IS hereby proposed which purpoe books
snail be opened at the Treasury of the United States and
a' 'e several loan offices, on the first day of April next
to continue open until the first October fer for
Sucn parts OF the above mentioned description stock as
SHALL on the day of subscriptions stand on the books of the
treasury ana on those oil the several loan offices, respec
uve!y which subscription shall effected bv transfer 10
the United States, the manner provided bv law for
such transfers. of the credit credits ndinp on the said
books and by surrender of certificates of the stock m
subscribed Provided, That allsubscrpton by such trans
Ter OF stock shall he considered part the said twelve
millions of dollars authorized be borrowed by the first
section of this act
SCI. 4. 4ndbe afuter enacted That for the whole
Oh any part OF any which shall be thus subscribed
credits shall be entered to the respective subscribers VINO
snail be entitled to certificate certificates purportne
nat the United States owe the holder holders thereof
his, her, or their assigns he expressed therein
qual To the amount OF the princp stock subscribed
bearing an interest not exceeding four and one half per
cehtun per annun, payable quarterly, from thirty
u'S' Gay OF December one thousand eight hundred and
MeH'y-nV transferable III the p:ov-
ded by law for the transfer stock subscribed and
ec 10 redemption al the pleasure of the United States
oows one haii at time after the thrty-rst dav Of
December, thousand eight hundred and wentv-eob
ana the remainder AT any time after the thty-st day
December one thousand eight hundred and wentv-nne
ffoVided, mat no shall be except fo
"e Whoc amount oil such new certificate; until afte
at least six months public notice such intended rr,u
busement And it shall be the duty the Secretary
the Treasury be ctransiered to the respcctvs
subscribers the several sums 10y them subscribed beyond the
amount oil HE certificates of four one half per cent
stock issued to them respectively.
SEC. D. -4'ad be jErtter enacted, That the same
,uS whfh nave heretofore been, and are, pledged
by lay for the payment ofthe interest nd for the rcwn
ton and reimbursement Of the stock which may la no.
deemed OF reimbursed by virtue OF the provisions of t act
sha remain pledged III like manner for the payment of The
interest accrs on the stock created by reason of such
SUBSCRIPTION, and for the redemption or reimbursement oC
the principal of the And IL shall be the duty OF the
commissioners Of the sinking fund to cause TO he annIiei
ana PAID OUT OF the said fund, yearly and every year such
sum ana sums as may be annually required discharge
the interest accrung the which NAV be created h
virtue OF this act The said commissioners are.
authorized to apply, from time time such sum and SIMS
out OF the SAID fund, they may think proper towards re-
dteih@' by purchase, or by reimbursement conformity
WI" Tue provisions Oh this act the principal of the said
stoc%; ahd such part OF the annual ten millions of
dollars, vested by law in the said commissioners as ma he
necessary ana required for the above purposes shall be
and continue appropriated to the payment interest and
redemption OF the public debt until the whole stock
which may be created under the provisions Of this act
shall have been redeemed or reimbursed"
Now therefore, notice is hereby given that books will bc
opened az the Treasury Of the United States aud IL the
several loan Offices the first day April next and con-
tinue open until the first day October thereaer for re-
said law.
Inc subscriptions may be made by the propicors of the
sock' ehe I'D person or by their Attorneys duly authoz-
cd TO subscribe and transfer it To the United States
Should subscriptions Of said stock be made to amount
exceeding twelve millions of dollars distribution of the
said sum of twelve millions will be made among the sub
scrbers. IN proportion TO the subscribed by them res
peCtive!y.
SAMUEL L. soUTHARD,
- Acting Secretary Of the Treasury.
N