The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1844-05-17
ART. w. The public lands hereby &C.

applicable subject, however. to such al
teralions and changes as Congress may
from time to time think proper to make.
1t is understood between the parties, that,
if in consequence of the mode in which
lands have been surveyed in Texas, or
from previous grants or locations, the six
teenth section cannot be applied for the
purpose of education, Congress shall
make equal provisions by grant of land
elsewhere. And il is also further under
stood, that hereafter, the books, papers,
and documents of the General Land Of
flee of Texas shall be deposited and kept
at such place in Texas as The Congress Of
the United States shall direct.
ART. V. The United States assume
and agree to pay the public debt and La
biltics Of Texas, however created, for
which the faith or credit of the govern
ment may be bound at the time of the eX-
change of the ratification of this ueaty (;
which debts and liabilities are estimated
not to exceed, in the whole, tea millions
of dollars. to be ascerlained and paid in
the manner hereinafter stated.
The payment of the sum Of three hund,
red and fifty thousand dollars shall be
made at the treasury of the United States,
within ninety days after the exchange Of
the ratification Of this treaty, as follows {:
Two hundred and fifty thousand dollors
to Frederick Dawson, of Baltimore, or
his executors, on the delivery of that
amount of ten per cent. bonds of Texas !;
one hundred thousand dollars, if so much
be required, in the redemption of the eX-
chcquer bills which may be in circulation
at the time Of the exchange Of the ralifica-
ton Of this treaty. For the payment Of
the remainder Of the debts and liabilities
of Texas, which, together with the
amount already specified, shall not exceed
ten millions of dollars, the public lands
herein ceded, and the net revenue from
the same, are hereby pledged. .
ART. vi. In order to ascertain the full
amount of The debts and liabilities herein
assumed, and the legality and validity
thereof, four commissioners shall be ap-
pointed by the President OF the United
States, by and with the advice and con
sent of the senate, who shall meet a,
Washington, Texas, within the period OF
six months after the exchange Of the rati
liealion Of this treaty, and may continue
in session not exceeding twelve months,
unless the congress of the United States
should prolong the time. They shall
take an oath for the faithful discharge Of
their duties, and that they ATE not directly
or indirectly interested in said claims al
The time, and will not be during their con.
tinuance in Office; and the said oath
shall be recorded with their proceedings.
In case of the death, sickness, or resigna-
tion Of any of the commissioners, his OF
their place or places may be supplied by
the appointment as aforesaid, or by the
President of the United State, during the
recess of the Senate. They, or MAORI
" of them, shall be authorized, under
such regulations as the congress of the
United States may prescribe, TO hear, ex'
anime, and decide on all questions touch
ing the legality and validity ofsaid claims
and shall, when a claim is allowed, issue
certificate to the claimant, stating the
amount, distinguishing prInclpa from in
terest. The ce iiticates so issued shall be
numbered, and entry made of the number
name of the person to whom issued, ant
the amount, in book to be kept far tina
purpose. They shall transmit the re
cords Of their proceedings and the book
in which the certificates are entered, wit
the voucher and docI'Rents produced be-
fore them, relative to the claims allowed
or rejected, to the treasury department o
the United States, to he deposited therein
and the secretary OF the treasury shall, as
son as practicable after the receipt of III,
same, ascertain the aggregate amour, o
the debts and Liabilities allowed; and j
the same, when added to the amount Il
he paid to Frederick Dawson and the sun
which may be paid in the redemption o
the eychequer bills, shall not exceed The
estimated sum of ten millions Of dollars
he shall, on the presentation of cerliii
cate Of the commissioner, issue, at til,
option of the holder, new certificate 70
the amount, distinguishing principal from
interest, and payable to him or order, on
Of the net proceeds Of the public land
hereby ceded, or stock of the Uni'e'
States, for the amount allowed, includin.
principal and interest, and bearing an in
lerest of three per cent. per annum iron
the date thereof; which stock, in addition
to being made payable out of the net pro
ceeds Of the public lands hereby ceted
sha also be received in payment Of. tn
IL Al. 4