Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-09-27

shall be entitled to receive interest at the
rate OF FIVE per cent per annum from the
date of sdemand of payment; and for this
reimbursement according to the provisions
J. of this act, the faith of the United States is
hereby solemnly pledged.
IS Sec. 8. And be IL further enacted, That
The said Treasury notes shall be prepared
under the direction of the Secretary of the
Treasury, and shall be respectively signed,
on behalf of the United States by the
Treasurer thereof, and countersigned by
Register of the Treasury; and that those
officers respectively shall, as checks upon
each other, and to secure the public safety,
keep separate, full, and accurate accounts
Of the number, date, denomination and a
mount of all the notes signed and counter
signed by them respectively, which said ac-
counts shall be carefully preserved and
placed on file in the Treasury Department !;
and also similar accounts, kept and pre-
served in the same manner, of all the said
notes redeemed, as the same shall be re-
turned and cancelled; and the Treasurer
shall further account, quarterly, for all such
notes delivered to him for signature or is
sue by the Register. The Treasurer and
Register of The Treasury are hereby au.
thorized, by and with the consent and ap-
probation of the Secretary of the Treasu-
ny, to employ such additional temporary
clerks as the duties enjoined upon them by
this section may render necessary, the
compensation of each clerk so employed to
be fixed by the Secretary.
Sec. A. And be it further enacted, That
the Secretary of the Treasury be, and he
is hereby authorized, with the appreciation
of the President of the United States, to
cause to be issued such portion of the said
Treasury notes as the President may think
expedient, in payment of debts due by the
United States to such public creditors, or
other persons, as may choose to receive
such notes in payment as aforesaid, at par.
Sec. s.. And be ii further enacted, That
the said Treasury notes shall be issued pay.
able to order or bearer, as the said Secre-
tary, with the appreciation Of the President,
shall direct and shall be transferable by
delivery, if made payable to bearer, and by
the endorsement of the original payee if
made payable to order, without other or
further assignment or evidence of the
transfer Of property.
Sec. 6. And be il further enacted, That
the said Treasury notes shall be every
where received in payment of all dues and
taxes laid by the authority of the United
States, of all public lands sold by the said
authority, and Of all debts due the United
States of any character whatsoever. And
on every such payment credit shall be CIV
en- for the amount of the principal and in
terest, if any should accrue under the pro-
visions of this act, which, on the day OF
such payment, may be due on the note or
notes thus given in payment.
Sec. 7. And be IL further enacted, That
the Secretary of the Treasury be, and he
is hereby, authorized and directed to cause
10 be reimbursed and paid the principal
and interest of the treasury notes which
may be issued by virtue of this act, at the
several time and times when the same. &C.
cording to the provisions of this act, should
be thus reimbursed and paid. And the
said secretary is further authorized to make
purchases of the said notes at price no
exceeding par, for the amount of the prin.
cipal and interest due at the time of pur-
chase on such notes and so much of any
moneys in the treasury, not otherwise ap.
propriated, for paying the principal and in.
terest of said notes.
Sec. 8. And be IL further enacted, Tha
q sum Of -- thousand dollars, TO bt
paid out Of any moneys in the treasury MOI
otherwise appropriated, be and the same j:
hereby, appropriated, for defraying the ex
pense preparing, engraving, signing, ant
all other expenses incident TO the issuing o
the treasury notes authorized by this act.
Sec. 8. And be it further enacted, Tha
ifany person shall falsely make, forge, o
counterfeit, or cause, or procure to be
falsely made, forged or counterfeited, OF
willingly aid or assist in falsely making
forging, or countcrfeiting, any note, in imi
tation of, or purporting TO be, treasury
note aforesaid or shall falsely alter, o
cause or procure to be falsely altered, o
willingly aid or assist in falsely altering
any treasury note issued as aforesaid; o
shall pass, utter, or publish, or attempt tc
pass, utter, or publish, as true, any false
forged, or counterfeted note, perporting t
be treasury note as aforesaid, knowing
the same to be falsely forged or counter
feited; or shall pass, utter, or publish, al
tempt to pass, utter, or publish, as true, an,
falsely altered treasury note, issued as q
foresaid, knowing the same to be falsely al
tered, every such person shall be deeme
and adjudged guilty Of felony, and, bein
thereof convicted by due course of law
shall be sentenced to be imprisoned an
kept TO hard labor for period not les
than three years, nor more than ten year.
and be fined in sum not exceeding fiv
thousa.sd dollars.
Sec. 10. And be IL further enacted, The
the Secretary ofthe Treasury be, and he
hereby, authorized to make and issue, fror
time 10 time, such instructions, rules, an
regulations, to the several collectors, rece
vers of public money, repositories, and a
others who may be authorized to receiv
the said Treasury notes on behalf OF, and
agents in any capacity for the United State
as to the safe.keeping, disposition, retur
and cancelling Of the said notes so paid
and received by them respectively, and
to their accounts and returns to the Depar
ment of all such receipts as may seem
him best calculated TO promote the publ
interests and convenience, and to secu
the United States and the holders Of Il
said notes against frauds and losses.
Sec II And be IL further enacted, Th