The North-Carolina standard., 1847-03-03

adjndged guilty OF felony, anu, being thereof con
victed by due course Of law. shall be sentenced
tbe imprisoned and kept to hard labor for period
not less than three years nor more than ten years
and TO be fined in sum not exceeding five thou
lsand dollars @ s. cess '1
SEC 10. And be 1t further enacted, That, j
any person shall make or engrave, or cause Of
lprocufe to be made or engraved, or shall have ir
his custody or possession any metallic plate en-
graved after the simiIilude of any plate from
which any notes issued as aforesaid shall have
been printed, with intent 10 use such plate, o
cause or suffer the same to be used in forging oil
lcounerfeitng any of the notesiSsued as aforesaid
or shall have in his custody or possession any
blank note or notes engraved and printed after the
similitude Of any notes issued aforesaid, with
intent TO use such blanks or cause or suffer the
same to be used in forging or counterfeiting any
Of the notes issued as aforesaid, or shalt have in
his custody possession any paper adapted to
the making of notes. and similar to the paper upon
which any such notes shall have been issued, with
intent 10 use such paper or cause or suffer Inc
same to be used in forging or counterfcitIng any
of the notes issued as aforesaid every such person,
being thereof convicted by due course OF law,
shall be sentenced to be imprisoned, and kept 70
hard labor for term not less than three nor more
than ten years, and fined in a sum not exceeding
five thousand dollars.
| Sec. II. And be IL further enacted, That the
Secretary of the Treasury be, and he is hereby,
authorized to make and issue, from time TO time,
such instructions, rules, and regulations to the
several collectors receivers of public money, de-
positaries and all others whom may be authorlZ-
ed TO receive the saId treasury notes on behalf Of
and as agents in, any capacity for the United
States, as to the saffkeeping, disposition, return
and canceIIing of the said notes paid to and re-
ceivcd by them, respectively, and as to their ac-
counts and returns TO the department of such re-
cepts as may seem to him best calculated to pro-
mote the pubic interest and convenience, and Sc
cure the United States and the holders of the notes
against fraud and losses.
SEC IL And be 1T further enacged, That in,
lieu Of the notes authorized by this act which may
be redeemed, other notes may be issued; Provided,
h0uerer, The amount of such notes outstanding,
together with the stock issued by virtue of the
thirteenth and sixteenth sections OF this act shall
not exceed the sum of twenty-three millions Of
dollars.
SEC. 1s. And be IL further enacted, That it
shall be lawful for the holders of the aforesaid
treasury notes tpresent them, at any time, to the
treasury oflhe United States or 10 any assistant
treasurer, to such collectors Of the customs and
receivers of public moneys as may be designated
by the Secretary of the Treasury; and the holders
of the said treasury notes shall be entitled to re-
ceive therefor the amount of The principal of the
said notes in certificate certificates of funded
stock, bearing interest at six per centum per an
mum, from the date of such prcscntmenr of said
treasury notes, and for the interest shall be paid
in money; and the stock thus 10 be issued shall
be transferable on the books Of the treasury Pro
oided, ho,0eDeT, And be, IL further enacted, That
it shall be lawful for the United States to reim-
burse the stock thus created, at any time after the
last day of December, one thousand eight hundred
and sixty-seven.
Sec. IA. And be ii. further enacted, That it
shall and may be lawful for the holder Of any
ury notes issued, authorized to be issued, under
this act any laws heretofore passed, to convert
The same into certificates funded stock, upon
the same terms and in the same manner hereto
tore provided in relation to the treasury notes au-
thorized by the first section of this act.
SEC. Is. And Be IL further enacted, That the
authority 10 issue treasury notes authorized by the
" Act authorizing an issue of treasury notes and a
loan," approved July twenty-second. one thousand
eight hundred and forty-six be, and the same is
hereby, extended to the same period fixed for the
treasury notes authorized by this act, and upon the
same terms and conditions herein specified Pro
uided, That the treasury notes authorized by This
section shall not exceed FIVE million of dollars.
SEC l6A And be IT further enactcd, That the
President if in his opinion it shall be the inte
rest of the United States 10 do instead of ssu
ing the whole amount Of treasury notes authoriz-
I'd by the first section Of this act, may borrow, on
he credit of the United States, such an amount of
money as he may deem proper: and issue therefor !
stock of the United States, bearing interest at a
rate not exceeding six per centum per annum for
he sum thus borrowed, redeemable after thirty
first December, eighteen hundred and sixty-seven:
ProU,ded hoUerer, That the sum so borrowed, !
together with the treasury notes issued under the
first and twelfth sections of this act outstanding
and the stock created by this and the thirteenth
section of this act, shall not n the whole exceed
the sum Of twentylhrce millions of dollars: And
provided further, That no stock shall be issued
at less rate than par.
Sec. IL. And be IL further enacted, That the
interest the stock created by this act shall be
payable semi-annually on the first days of Janua-
ry and July in each year.
Sec. l8. And be IL further enacted, That the
certificates of stock to be issued under this act
shall be signed BY the Register of the treasury,
and the Secretary ofsthe Treasury shall cause
each of said certificates TO be sealed with the seal
Of his department.
Sec. 1o. And be 1t further enAeted, That for
the payment of the stock which may be created
under the provisions of this act, the sales of the
public lands are hereby pledged; and it is hereby
made the duty of the Secretary of the Treasury
to use and apply all moneys which may be receiv-l
ed into the treasury for the sales of the public
lands after the first day Of January, eighteen hun
dred and forty.eght, first, to pay the interest on
all stocks issued by virtue of this act and second
Iy, to use the balance of said receipts after paying
the interest aforesaid in the purchase Of said stocks
at their market value, provided no more than par
shall be paid for said stocks
SEC. 20. And be 1t further enacted, That a
sum not exceeding twenty thousand dollars, to be
paid out of any unappropriated money in the trea
hrao 49, r.