The Arkansas banner., 1847-03-03
Published by Authority. A!.
 
LAWS OF THE UNITED STATES PASSED AT THE 2SD sEs sIov or THE TwEN-
 Tr-SIsTH CONGRESS.

2
 Tr-SisTH CONGRESS.
 Puhlie--No 4
 AN ACT
 Authorizing the issue of Treasury notes, a
 loaH. and for other purposes.
 Be II enacted D fhe SeRais md Hsslsc ef Representatives of fAs UFiied Sfatss of .1ae- ricG Ia Congress assembled. That the Presi- deHl of the URised States IS hereby anthoEi- zed to cause Treasury notes for such sum or sums as the exIgencies of the Governmens may reeuiie, but no, exceeding III the whole amount of notes issued the snm of twenty three millions of dollars. and of denomina- tons not less than fifty dollars for any ore note, 10 be prepared, signed. and issued in the manner hereinafter provided
 [ Sec 2. ind 6s Il farther eaaeted, That { the said Tss4S-S-= neies authorized 10 ee ls- Esued by the first section of this art shall be reimbursed and redeemed by the uniied States, al the Treasury Iheseof. after tiie ex- ! piration Of one year or two years from the dates of the sad noies respectively; from which said dates they shaft bear sgrh inter est, until they shall be respectively redeem ed. as sball be expressed upon the lace of the { said notes: which rate of interest npon eaeh several issue of the said notes shall be fixed by the Secretary of llle Treasury, hy aad i with the advice and apprphalion of the Pre- sident; but shall In no case exceed the rate : of interest of six per centum per annum : ! PrariGed. That. after the maturity of any of [ said notes, such interest shall cease al ihe expiration oi sixty days noiiee. 10 be given al any tune hy the Secretary 0. the Tf7asu- ". in one or more of the principal papers published at the seat Of Government. of a | readiness io redeem the same. The reim- , bursement herein provided for shall be made al the Treasury ol the United States 10 the holders ei the said noles respectively. upon presenuneni. and stall iuelude the principal : of each note. and the interest which may be ! due thereon al the iine of payment. For 3 this reimbursement. at the tune and times herein specified. shs faith oi Inc United States ] IS hereby solemnly pledged
 Sec. ,. ind be t fnrfhsr rneefs2, That tie said Treasnrv notes shall be prepared under the direction oG the Secretary of the ] Treasury. and shall be signed on behaif Of 1 the United Ssaies. by i1e Treasurer thereof. and couniersigued bY the Register of the Treasnrv; and that those officers ufspeciive- ] ly shall. as checks upon each osheT and 10 secure the public safety. keep sepaFaIe. luli, i and accurate accounts of inc number, date, denomInation. and amount of ali the notss signed and couniessigned bv them Tespec- 1 iively; which said account shall ee entered ! in a book or books. ie hf provided for that purpose. and rarefuils preserved iu the Tfea- i sury Department; and also similar accovnss. ! kept and preserved Ii t3e same manner. Of all the said noles redeemed. as the same shall
 be re,1rned and cancelled; and inc Treasurer shall further account, quarterly. for all such notes delivered 10 him for signature or issne 1 bv the Reg sler. The. TFeasusrr and RegIs- l ter of ihe Treasury are hereby authorized. ] by and with the consent and appreciation of 1 the Secretary of the Treasusy. to employ such additional temporary clerks as he du- ties enloineti upon them by this act may ren-
 der necessary: Prorided, Said num5eF snail ] not exceed five. and with salary Boi more ! than ai the raie of twelve hundred dollars To each per anouHf.
 : Sec i. fad bc f further enacted. That ! the Secretary Q. the Treasury Is hereby su- lhorized. with the appreciation ol ihe Presi- : dent of the United Siaies. 10 cause 10 be Is- sued snch portion of the said Treasury notes l as the President may think expedien; in pay ment of debts due by the United States. to such public creditors, or other persons, as may choose to receive such notes ln pay menl. as aforesaid, al par. Ind the Secre- tarv Of the Treasury is furtler authorized. with the appreciation oi the President of ihe ! United States, io borrow from lime ia time such ssfs4s a. s!.e President mar iAlnk exQe- dient on the credit Of such notes: Proeided. kocerer. Tha, no Treasury noies shall be pledged, hypoaheca,ed. sold. or disposed oi in anywise. for any purpose whatever. d. { rectly or indirectly. for any sun less Fhan the amour, of such notes. inclnsing ,he principal and interest thereon. when disposed of
 Sec. 6. .3ad Je t fHrtSer enseis9. That the said Treasury notes shall be transferable. bv delivery and assignment endorsed there on. bv the person h whose order the same shall on the lace thereof have been made payable.
 Sec 6. find Jc | farther enacted. That ihe said Treasury notes shall be received m payment Of ali dues and taxes lsiA hy rhe authority of lhe United States. of all Pablic lands sold by the sand authority. and als debts to the United Sia.ss. of any character what rver, which may be due and payable n' the tune when sad Treasury noies may be so offered III paymens and or every such pay meui eFedi, shall be given for ,he amount oi ,he principal and interest which, ea the day of such payment, may be due on lhe note uT , notes thus gwen 's; payineas.
 , Sec :. fad k | fariasr eaaete9, That every collector, receiver og public moneys, or other officer G agent of the Uai;esi States. shall. m the receipt of any TreasVgy notes ! in payment Tor inc Government, take lrom the holder thereof receipt on ths back oi each oC sad notes, adding distinctly the date