Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-06-25
[OFFICIAL PUBLICATIONS.
LAWS OF THE UNITED STATES
Passed at the I'd Session of the 9Th Congress.
PUgLIc-No. 10.


AN ACT for extension Of the Of eighteen hun
dred and iory-one and for addition OF I'VE millions
of dollars thereto; and Tor allowing interest on Treasury
due.
Be IL enacted bu tie Senate II Represerlta-
trss Of Staes America C0ngr-ss assel-
Ld Tint tho time limited by the frat section
Congress, entitled An autnosng loan not exceed
ing the Of twelve millions Of doar approved July
eighteen hundred and forty-one for obtaining
said Ioan snail be- and the hereby, extended Tor
year from tho passage Of this act
Soc lind be further enacted, That much Of il
loan may obtained after the passage Of this shall
DO made reiouable as shall be agreed upon aud deterr
Of issuing saId Stock eIther the Will OF
tho Secretary of the Treasury after Elk mont notice. or
aany lime not exceeding ;"snty years fon The first day Of
January next.
Sec s. find be IL further enacted That
hereafter to be Issued for said loan may when required be
in form shall prescribed by the Secretary of the
Treasury that the stock be transferable 10y delivery
of the eercate instead Of being asgnobe on the books
Of the Treasury.
Sec A. lind be 1t further e,,aced Tim, the Secretary Of
Treasury be- and lie hereby dispose OF
the stock hereafter issued, any part hsrof at It's
par value, but thereof sha be disposed OF under
par until advertised reasonable time,
and proposals for subscription said loan invited And
hereby authorised accept
posas if he deem il interest United
do, shall offer The highest price for said stock any
part thereof; appoint agent agents. a. provided
III the third section Of the approved July twenty
eighteen hundred aud one before reced
tho Porfd That stock shall he disposed of at
lower than the highest price offered in sa proposals.
Sec s. IND be 1t FURTHER enacted, That the moneys arr
sng from duties on goods, wares, and meFchahdize ""F
DO the United States much thereof
shall be equal payment from OF the
and the ultimate redemption of the principal Of
the said Stock be- and the hereby eds o the
and redemption of the stock hereafter to be Issued
under and by virtue of thus act and the =ah act OF July
twenyhrsi, eighteen hundred and fory-one hereby amen
ded, may be necessary pay the
said stock and redeem tine when due,
hereby that object he first applied by the
Secretary OF the Treasury to such payments aud edop-
Sec C .4nd be ii further enacted, That shall
duty SECRETARY tho Treasury report Congress,
mt the of the the amount Of
ba, tati
and Of whom and upon what terms It snail nave been "ba
ned brief of all the proposals
subm,ted tor the between those aecfp
nnI those rejected and detailed statement OF the
pense % making such loans.
Sec T. ind be 1t further enacted, That all the proys
ions Of the SAFE act hereby modified changed,
be andre ~ force, md apply to this act
4d be II Further enaetef, That the President OF
United States hereby authorized to borrow an addi
tional sum, exceeding the OF five millions OF dol
lars, il in his opinion the exigencie7 OF tho Government
shall require tho which additional loan shall be made
thin and according TO the OF sad act,
$ modified by this
Sec O. Ind be it further e,actcd, That all Treasury
heretofore issued under the act entitled An act TO
authorize issuing of Treasury notes. approved tho 2th
Octobe eighteen hundred aud thirty and the
thereto, and Outstanding and unredeem
hereafter be issued under and by OF
the same shnl, If and unpaid the fifth day
March, eighteen hundred and fortwo bear interest at the
ra of six per cent per annun from
they may due hereafter, have become due
.h, hs,5 hir from the dav of their 50 becoming
he respectively Frorided That such interest
sh Ease the expiration of sixty days notice,
given at any time oy Secretary of he Treasury IN one
or more of the principal papers published at the seat OF Gov
eminent, readiness to redeem the same Ana Inc 'a
interest pa yable semi annually at the Treasury oil
tho United States the first days OF January aud July IN
''''' SAN,L L.. sOUrHARD,
President OF the Senate pro tertPore.
JOHN WHITE,
Speaker Of the House Of Representatives.
Approy ed, April 10, 1912. JOHN TYLER