Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-02-11

ident of the United States shall be, and he is
hereby, empowered to appoint Collector or
Collectors whose duty it shall be 10 proceed
and collect the TAX imposed, as above, on The
real and personal estate in the said city and
towns, or either Of them, the Corporation or
Corpor ations of which shall have so failed 10
pay, as aforesaid, in advance, the sum or sums
abou, 20 become due and demandable assalore-
said, or any part thereof manning unpaid, ds
| aforesaid into the Treasury, ninety days in ad
vance; such part, in case be SO in arrear, 10 be
rateably and equally assessed, levied, and cor
lected, upon the property chargeahle, as a'ofe
said W iih the said tax, within the said CITY ana
towns; or either Of hem, making such defaults
in paying as required, ninety days IN advance,
as aforesaid: The appraisement or assessment OF
the value of said estates, preparatory to the
collection Of The said tax, il not previously
made by the said corporation, to hc made IN
the mode pre- scribed, as afore said, in the Sc
veral acts Of Con bress hereby revived aud put
in operation: Provided, That, if satisfactory
evidence BE- aft I'd to the Presidrn, Of the I'm
tied States, by The several Corporations afore-
said, tina, they are proceeding, in good faith, 10
raise and pa y, in due time, their portions, re-
spectively, of the said loan, or loans, and Will
be competent TO raise The same BY the mcans on
which they rly, he shall be, and heis oereby,
empowered TO rrs!rain such Collector or Coliec
tors from proceeding 10 collect the SAID tax
within the corp GRAFTON affording the evidence
Aforesaid, until the expiration Of the ninety days
AZORES said, when, if The amount Of The said tax
be no, actually paid, the collection her OF stall
proceed, without further delay, on notice, 10
the collector, Of sucA default.
SEC z And be it further enacted, That the
Collector or Colec tors, who may be appointed
as aforesaid, shall give bond, with good and
srficien, security, for the faithful performance
Of the duties required by this ac;, and shall
possess Ill the powers, he su ject TO all the OBJ
legations, and proceed, in all respects, in fhr
dschargr Of his or theis duties, IN collecting
the said tax, as The several Collectors possess
ed, were subject to. and were required to do,
by an act, entitled "An act tn provide addi ion-
al revenues for defrayin G The expenses of Cow
crnment, and maintaining The spubic credit, ny
having direct tax upon the District Of Colum
bia," approx the imcnty-se enlh OF Februa-
ry, one thousand eight hundred and fifteen, amt
by the several acts OF congress therein referred
10, or which were subsequently passed, in or
der to alier or amend The same; all of which
acts, for the eHectual fui6lment Of the purpose
of this act. and according 10 the tenor and in
tent thereof, are hereby declared to be revived
and in full force within the limits Of the sever
al corporations aforesaid
SEC. And be il further enacted, That the
tax imposed BY this act shall be continued AMI
collected, from limo to time, cording to the
provisions aud conditions Of this acl, and Of
the several acts afors said, SO loug as the pro-
ceeds thereof NAV, bv any possibility, be re-
QuireG TO meet the payment Of tue several
loans authorised as afo esaid.
SEC. 9. And be It further enacted, That, in
.ba hat Inan or napc Oh II ha
tiated by the said Corporations or any Of them
to the extent, in whole or in part, Of The sub
scrip,ion of one or all Of the said Corporations
to the stock ofthe Chesapeake and Ohio Ca
nal Company, in conformity with the provis-
ions, Of this act, the contracts for said loan or
loans shall, upon the execution Thereof, be de-
livered 10 the Secretary OF the Treasury, for
safe keeping, and, il the President of the Unn
ed States shall approve Of the terms thereof.
the said loan or loans are declared TO be guar !
antied by The faith Of the United States, and,
OH the failure Of any Of the said Corporations,
contracting as aforesaid, to pay 10 any person |
Or persons holding shares or certificates of the
stock of such loan or loans, the Several sums
becoming due thereon, according TO the terms
and conditions thereof, lhe same shall be paid
to such holder or holders, As aforesaid, by the
Treasurer Of the Unied States, on warrant
from The Secretary Of the Treasury, oul of any
money III the Treasury, no, otherwise a2pro-
priaied; and he MT proceeds OF the sales of
the public lots in the city Of Washington, held
by the United States, and f the public lands,
after satisfying the present charges heryupon,
are hereby specifically pledged, together with
the public faith, 10 provide adequate funds for
the payment O. the said loans, in the event that
the other resourc, herein PROVIDED shall Prov
inadequate thereto.
SEC. 10. And he ii further enacted, That the
several Corporations, aforesaid, as a further
security for the payment OF their respective
loans, and as a further Indemnity to he United
States agaiSs, loss, by reason Of the guarantee
aforesaid, shall deposile with the Secretary
Of the Treasury Of the United States, the ce"-
ti6cateS Of the shares or shares Of :he capital
stock Of the said Canal Company, by them, re-
spectively subscribed, he dividends upon which
SO long as the Whole, OF any part, oil the loan
or loans. aforesaid, of any one of the said Cor
porations shall remain unpaid shall be recciv>
! able BY the Treasurer of the United States, &
be applied 10 pay the inter S, ing on such
- e.,