The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1828-08-14

Of certificate of the public debt of the United
States.
Sec 4. AHd Be IL further enacted, That the
SAID Corporations are, respectively, empowered
10 employ an agent, or agents. for the purpose
of obtaining subscriptions TO the loan or loans
authorized by this act. or OF selling. IRON time 10
time. the certificates of stock which may be crea-
ted in pursuance thereof and 10 fix the compen-
sation OF such agent NJ agents, which they shall
respectively pay, as well as all other expenses
attending the said loans, OUT of the proceeds
thereof OF ofany other funds which they may
respe 'ly provide
See Ind be iejiriher saf'ed That tax
at the rate oi one per cenum and fhrteen.hun-
dredth Of one per cenium, on The assessed value
OF the {. al aud personal estates witt,n the City
of . shington, as shall appear by the appraise-
mea, tic Of, made under the authority .ot the
Corpprenon, or OF Tie several acts OF Congress,
hereinafter declared 10 he revived aud IN loree,
within the said corporation TO be existing, at the
time hertnnlier limited for the collection nfthe
said tax and n the rate of hity-slX hundredihs
OF one per centnm On the assessed value oi the
real aud personal estate within the iniyn OF
Georgeiown, as shall appear by The appfaise.
ment thereof made undci the adthoIiIy OF The
Cooperation, OF OF the several acts Of Soagfess
hereinafter declared TO he revived and in force,
within the corporation, 10 he existing az the tine
hereinafter limited Tor tie collection OF the SAID
lax and at the rate of fay eght per hundrcdths
OF one per cenium on The assessed value al The
realand personal.sta,e within lie town of AleA-
sndria, as shall appear, by tie appiassment
thereof made under the authasiy of the eofpa
raiion ofthe said town, or oftbe several acts OF
Congress, hereinafter declared TO he revived
and in force. WITHIN the sad corporation 10 be
existing al the time hereinafter limited for tie
collection of the said tax, be, aud the same is
hereby imposed aud assessed on the real and
personal estate lying and beng IN the said city
and towns: and, upon the future of ihe sad
corporations, OF of sov Otthem, 20 pay, into the
Treasury of the uuiied States ninety rnys be-
fore thr same shai become due. 60 the holders
of The shares or Certificates Of such loan q
loans. as aforesaid, nccordihg 10 the terms and
conditions thereof, the sum, OF SUMS, which they
OF any Of them shall have, resp cuvelg stipnla-
ted 10 pay al the exairatian Of the period aiore-
said so that the saae shall not be ascer'ained
beforehand 10 be in readiness 20 meet the de
mand or claim ahnrt to arise on The shares OF
certificates OF he said loan---the President
OF the United S,ateS shel De, and he is hereby
empowered TO appl,ini a collector or collect
ors, whose duty il shall be 10 prooeea and
collect the tax imposed, rs ebove. on the real
or either Of thepl, the corporation Or coepo-
raj on o. which shall have so failed 10 pay, as
aforesaid, in advance, the sum or sums ahout
to become due and demandablc as aforesaid
into he Treasury, ninety DAVIS ia advance
sueh part, IN case part only be so in arrrhr,
10 be rateaby snd equally assussed, leviedand
collected, upoJ the property cherge0he, as a.
l0fasald, with the said tax within the sbid ci-
" and town, or either Of them, making such
default in pay ine AS required, ninety days in
advance, rs aforesaid the npprssement or
-assessment ut the Yaluo of Ito said estates,
preparatory To tho collection ofths sid tan.
il not previously made Nv The said earporg-
tioni 20 be U5ade in the mode prescribed n
alore said, Il the several acts of Congress here
by revived and PIT IN operation Pr0fidtd,
Ihai, If satisfactory evidence be furded he
President of the United .aies by she several
corporations aforesaid, that HEY are proceed
ing IN good faith, 10 raise and pay, IN d1c
time, their portions, re peUtlYeiy, of the said
loan ar lDaus aa2 will be competent to case
he same bI Ghe means ON which they rely,
he shall be and BE- IS hereby, empowered 10
restrain such collector or collectors from pro-
Geed,ng 10 collect ihe 8aid tax within the cor
polation afofding the evidence aforesaid, un.
I'll The expiration Of the ninety days afores aid,
a. lDf llioht1l "a Atit adI0 INA W Hbl hC-
ually paid, the collection thereof shall pro.
coed, wiihoutfariher delay, on notice 10 The
collector Of such default
Sec. q. 1td be Il further enacied, That the
Collector or Collectors VINO may be appointed
as aforesaid, shall give bond, with good aud SUI.
hcient security, far ine tnIihful performance Of
the duties required by iii, aci and shall posses
all the powers be sutJ' Ct 10 all the obligations,
and proceed, IN all respects, IN the discharge OF
ms other duties IN collecting the SAID tax, as the
several Collectors possessed, were subject TO,
and were required 10 do, by an ACT, entitled
. An act 10 provide additional revenurs for de.
ifaying the expenses Of Government, ana main
tanning the public credit, by laying direct tax,
upon the District Of Colnmbin," approved the
twenty of February, one thousand eight
hundred and fifteen. aud by the several acts Of
Congress therein referred to, or which we're sub
sequeniy passed, ia order 10 alter OF amend the
same all of which acts, for the e6ettua fulfil
ment OF the purpose OF this act. and according
to the tenor ADD nteot thereof, are hereby de-
clared to lie revived, aud in fall force witbin the
lilnits OF he several corporations aforesaid
Sec T. md be a further enacted, That
the tax Imposed By this act shall be continued
and collected, from time 10 Time, according TO
the proyi IONS and conditions Of this act, and Of
The several acts aforesaid, So long as the pro
ceeds thereof may, by any possibility, fe requI-
red 10 meet the payment of the several loans au-
thorized as aforesaid. Pr0Uided, hODeuer that
all or either Of the said Corporations may, in the
negotiation of such loan, OF loans, as they, or Ell
ther OF them, shall deem il ezpedicnt TO make,
la pursuance of the authority vested IN them
by this act, stpuiate such terms OF conditions
for the ps yment the interest," or the Tedemp-
of the principal spm thereof, as shall dispense
with the system nf taxation provided by this act.
Sec. g. Aud be ii further enacted. Int, IN
The event that any loan or loans snail he nego-
iia,ed by the said Corporations, or any one Of
them to the extenr, in whole or in part, of the
subscription of one or all Of the said Corporations
TO the stock Of the Chesapeake and Ohio Canal
COMPANY, in conformity with the provisions OF
this act, and based upon the system Of taxation
therein provided, a copy OF copies ofihe con-
tract or contracts for any and all SUCH loans
shall. as soon as pracucalle after the execution
thereof, be deposited, either by the Corpora
ton or Corporations contracting sach loan OF
loans, or by the creditor creditors Interested