Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-05-06
TREASURY DEPARTMENT,


MJHEREAs, on the Sd of March. 1926, a law was
w passed by the Congress of the United States, of
which the 3D. 4h aud 5th sections the follow
ing, viz:
SEC s. Ind be further enacted, That subscription
to the amount of twelve millions dollars, of the SIX per
cent stock of the year eighteen and thirteen be-
shall be opened 1.-THE Treasury the United STATES, and
the Offices ON the first dav Of Anril newt
To continue until the first day for
such parts of the above mentioned description of stock as
SHALL the day of subscription, nd ON the books of the
treasury and on those of the loan Offices respec
lively; which subscriptions sha be effected 10y TO
the United States in the provided by law for
such transfers. OF the credit credits standing said
nooks ana by surrender of the certificates the
subscribed Provided That all subscription by such trans
fer OF stock shall be considered part OF the said twelve
millions Of dollars authorized TO be borroucd , , .,
section of this
SEC a. -4ndbe further enacted, That for the who.
Oh any part of any which shall be thus suoscr bed
credits shall be entered the respective susc rer vino
Sha ne entitled to certificate Certificates puporting
that the United States holder or holders thereof
MS nef' or their assigns, sum to be expressed therep
elua 10 The amount OF the principal stock tus subscribed
bearing an interest not exceeding and one hair nor
cenom per annum, payable quarterly, from the thirty
hFst day al Decembe thousand eight hundred and
twenty-five; transferable III the manner as is ,foyi-
ed oy law Tor the transfer the subscribed and sub
Ject tn redemption the pleasure the United STATES
Ioo"s "ne nan at any time after tie tirty-frst day of
DeCeDer' one thousand eight hundred twenty eight;
and the remainder any time thy-Grst day of
december one thousand eight hundred and tweny-ine:
PROVIDED, That reimbursement shall be mad. for
the whole amount of such certificate; nor until after
at least six months public such intended rt
bursement And il shall be the duty of the Secretary of
the Treasury to be TO tie repective
subscribers the several by subscribed bevod the
amount of the certificates OF four half per CENT
stock issued TO them respectively.
SEC. 5. Ind be ii further e1acfed That tbe e,
FUNDS which have heretofore been, now are ,edoed
by law Tor the payment or interest and the reenp
ton and reimbursement of the stock which n,,,, no a.
deemed reimbursed by virtue of the provisions Of is act
snail remain pledged in like manner for the pavpen Mt o tire
interest accrng the stock created by reason of such
subscriptions and for the redemption or reimburseent of
me p!ncpaI Oh the same And il shall be duty Of the
commissioners OF the sinking fund cause TO le annled
and paid out of the said fund.- yearly aud everv such
sum ana sums us may be annually required 10 dscharp
e interest accrnng the stock which may be created v
tue OF uls act The said commissioners hereby
authorized 10 apply, from time TO time. such sum and ns
our OF 'he SAID fund they may think proper
deeung by purchase by reimbuscrnen IN conforming
WIN the provisions of this act, the principal said
Stock and such part Of the annual millions of
uoiars vested by law in tie said commissioners may be
necessary and required for the above purposes shall be
and continue appropriated to the payment interest and
redemption Of the public debt, until whole OF the stool
winch may be created under the provisions of this ART
shall have been redeemed or reimbursed"
Now, therefore, notice is hereby given thai book will ne
opened ~ the Treasury OF the United States and at the
several loan Offices, the first day e Apr next and con-
nue open until the first day Of October thereafter for re-
ceyng subscriptions in conformity with provisions Of She
said law.
The subscriptions may made by the p5op,jeors Of the
stock, either person by their Attorneys duly autbo
ed to subscribe and transfer it to the United States
Should subscriptions Of said be made to anno,t
exceeding twelve millions Of dollars, distribution Of the
said sum of twelve millions will made among tho s
scrbers, in proportion the sums subscribed bv ,b 80
pectively. nv" i9
SAMUEL L. soUTHARD,
So, %, Acting Secretary Of The Treasuly.
55t