Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-08-16

"a HEREAs, on the Sd Of March. 1925 a law vas
Y passed by the Congress of the United States u(
NAica c sd, 4, aad 9Th sections words follow
ing, viz: ~
SEC j. lind DC further eaacicd That subscrio,ion
I" the amount Of twelve milton dollars of the six nr
cent stock OF the year eighteen hundred pn1 tIee h
an" tlc same hereby proposed; which purpose books
shall be opened the Treasury Of the United States and
al the several loan Offices tie day OF April next
10 continue open until the first day of October far
such parts Of the above incniolr, dcscri, ON IF ,nck ne
a o" the day OF Subscription, stand books of the
FeS'J' ad ON those Of Tie several loan Offices espec-
FNy' winch subscriptions shall be effected by a t,anseI 10
the tniteG States IN the lanner provided bv law lo,
5uch transfers. OF tie credit credits standing ON the said
books, and by surrender Of tie certificates of the so.k CO
subscribed Provided That subscription ,y such taus
ter OF stock ialibs considered part Of the said twelve
section of this act. - @ ~
"SIio 4 .4i5e HlttrU,cr es,aciea That for The ,,
% any part III ay which snail be thus su,c iIsd
credits s,a!l-bc el'.c:cd tie respective s,,scri Inc
N T"t'''' 20 cr''ihSate or certificates purp0rting
mai me United States owe to the holder OF holders tn
MS V'' o. 'he'' aSoisiS stun TO be expressed therein
i' !" e "'"'t q Inc pHncpai stock thus subscribed,
bearing az interest nut exceeding and one half pe
ce'"i: per amman, payable quarterly, from tie ihi,tv
hrst day Of DoCembe., thousand cic.t uud,od AMI
det by Law or sle transfer the stock bed and %
lcct 4" redemption at the pleasure OF tc United States
follows: bait any time after the TIL rv-fi,st ,, 81
December onc thousand eight hundred and wcnty-cieht:
ana me remainder at any time after ;!e iiIy-Gls day OF
Dtccmbei, one thousam@ eight hundred aud tcltyniu..
i'olIHtu That no fein'urscment shall be except for
tue whole amount Of such certificate; nor tp; an,r
at least six months public notice such intended rs,,
burSemen And shall be the duty OF the Scc,oary az
the Treasury be ctran5lcred to the
subscribers the several by them subscribed beyond the
dmouut OF tIc certificates four and one half rr rc,
5t0cS issued them Respectively
'-SsC. s. .9Hd he firHie- c,tqrfcA Tiat Tho s,re
funds which have heretofore been, now are pledged
hy law ior The pnymcnt oie interest and for the eden
ton and reimbursement Of The STOCK which in- Il. r
deemed OF reimbursed by Of the provisions of This
shall remain pledged like manner for the avmeut of c
interest dcclus ON lie stock cicdicd by Of such
subscriptions and for the redemption or nj
the principal OF the same. Aud Il shall e the INV of M
commissioners of the sinking fund to cause to be nppef
and paid out OF the said fund.- yearly and every wear sucl
sum ana sums as may We annually rcqugcd to discharge
the interest accrung on stock which may created by
virtur oil tbs act The said Yc, al
i anthorHed to apply from time time, and SUM
oui OF the SAID fund, they may think proper r re
ecng by purchase, by in couoruit,
with the provisions of this act the principal of the sail
st"c" ana such part OF the annual millions
dollars, vested by law the said commissioners rs ma hi
necessary and required for the above purposes shall h
and continue appropriated the payment of interest m
redemption of the public debt, until the whole of the stool
which may be created under the provisions of this act
shall have been redeemed or reimbursed"
Now therefore, is hereby gvcu tia books will b,
opened AZ the Treasury of the United States al tn,
several loan Offices, the first day April nest and con
tnue oFcn until the day OF October bccacr for re-
ceying subscriptions IN conformity with the provisions
said law.
The subscriptions NAV be made bv the prorrietnrs IF b
stock either m person by their Attorneys duly autnr
cd 90 subscribe aud transfer it the United States.
Should subscriptions Of said Stock he made to n arouu
exceeding twelve millions Of dollars distribution of t
said SUM Of twelve millions viii DC made among the sub
scfbers in proportion the sums subscribed by them roe
pectiycly.
SAMUEL L. soUTnARD,
Acting Secretary orthe Treasury
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