State journal & flag. [volume] (Tuscaloosa, Ala.) 1843-1846, 1846-10-30
PUBLIc.-No. 81.
AN ACT authorizing and issue of treasury
notes and loan.


(SEc. l. Be ii enacted By the Senate
and House Of Representatives. Of the United
States Of America IN Congress assembled.
That the President of The United s. ates is here
oy authorized TO cause treasury notes to be
issued for such sum or sums as the exigencics
OF the government may require; and IN place
OF such OF the same as may be redeemed, 70
Cause others to be Issued but not exceeding
the sum of ten millions of dollars of this emis-
sion outstanding at any one lime, and to be is
SUED under the limitations and other provisions
contained in the act entitled "An act to au' hor-
lze the issue OF treasury notes." approved the
twelfth OF October, one thousand eight hundred
and thirty-seven, except that the authority
hereby given to issue treasury notes shall expire
al the end OF one year from the passage of this
act.
Sec. Q. lind be itfuriher enacted. That the
President, If in his oplnon 1t shall be the liter
est OF the United States so to do, instead of is-
SUNG the whole amount Of treasury notes au-
thonzed by the first section q! this act, may
borrow on the credit of the United states such
an amount OF money as he may deem proper,
and issue therefor stock of the United States
for the sum thus borrowed, and in the same
form, and under the same restrictions, llmita-
act Of Congress, approved April fifteenth, one
thousand eight hundred and forty-,wo, entitled
IAN act for the extension of the loan of eiyh.
teen hundred and forty-rne, and for an addition
Of five millions of dollars thereto, and tor allows
ing interest on treasury notes due" Provided,
hc~erer, That the sum SO borrowed, together
with the treasury notes issued by virtue of this
act, shall not in the whole exceed The sum of
ten millions of dollars: And provided, further,
lhat no commission sha be allowed or paid for
the negotiation of the loan authorized BY this
act; and also that the SAID stock shall be res
decInable as period not longer than ten years
from the issue thereof
p SEC. 2. And Dc itfurther enacted, That the
treasury notes and stock issued under the pro.
Visions Ct this act shall rot bear higher rate
OF interest than SIX per centum per annum and
no part thereof shall be disposed of at less than
par.
SEC. A. find be IL further enacted, That no
compensation shall be made to any officer,
whose saia'y is fixed by law, for preparing,
signing, or issuing treasury notes nor shall
any clerks be employed beyond the number au-
tnorzed by the act herein referred to.
SEC. D And be it furtherenacled, That, the
sum of fifty thousand do lars be. and the same
Is hereby, appropriated uut of aay money in he
treasury not otherwise appropriated for the
purpose OF paying the amount of certain trea-
sury notes (Which, having been received or re-
deemed by any authorized officer Of the govern
nient. were subsequently, purloined or stolen
and put into circulation without evidence on
their face OF their having been canceed) 10
The respective holders. who may have received
the same, or any of them, for full consdera,
ton, in the usual course of business. without
notice or knowledge of the same having been
stolen, or Cancelled, or altered, and withou, any
10 cast suspicion on the good faith
or due caution with winch they may have re.
celved the SANE.
Approved, July 70, lS46.