Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-03-30

the stock thus to be issued shall be transferable on the
books of the treasury Provided however, And be il
further enacted Tint 1t shall be lawful for the United
States reimburse the stock thus created at any time
after the last dry of December thousand eight hun
dred and siXtyseyen.
Sec Ia And be il further enacted That II shall md
may be lawful for the holder of any treasury notes
sued authorized TO be issued, under this or any
laws heretofore passed. TO convert tho same into cel-
of funded stock upon the same aud in the
manner herenbefore provided In relation TO the
treasury notes authorized by the first section Of this
Sec Is. And be it further enacted That the authori-
~ issue treasury notes authorized by the "Act a-
ihorizing issue Of treasury aud loan " ap.
proved July twentv-second, one thousand eight hun.
dred and fnrlysix be, and the is hereby extend
ed the period fixed for tho treasury notes au-
thorzed by this act aud upon the same terms and
dons herein specified: Provided, That the treasury
notes authorized by this section shall exceed five
million Of dollars.
Sec l6. And be II further enacted, That the Pres-
dent if in his opinion II shall be the interest of the
United States TO do instead Of issuing the whole
Of treasury notes authorized by tho first section
Of this act, may borrow the credit of the United
States, such an amount of money he may deem pro-
per- and issue therefor stock Of the United States bear
ng interest at exceeding six per centum per
annum for The thus borrowed, redeenable after
thiry-irst December, eighteen hundred and sixtysr
ven: Provided, however, That the sum borrowed
together with The treasury notes issued under The first
aud twelfth sections of this act outstanding and the
stock crested by this and the thirteenth section of this
three millions of dollars And, provided further, That
stock shall be issued al 4 less rate than par.
Sec II. And he il further enacted, That Tie Interest
the stock created by this shall he payable semi
annually the first days Of January and July in each
year.
Sec. ls. And be II further enacted, That the ceri-
Gates of stock to be issued under this shall he signed
by the Register Of the Treasury, and the Secretary of
the Treasury shall each Of said certificates be
sealed with The seal Of his department
Sec 49, And be further enacted That, for the pay
of the stock which may be created under the pro-
visions Of this act the sales of The public lands
hereby pledged and is hereby made the duty of the
Secretary of the Treasury and apply all moneys
which may be received into the treasury for tho sales of
the public lands after the first day Of January eighteen
hundred and fortyeght rst 10 pay the interest all
stocks Issued by virtue Of this act; and, secondly to
use the balance of said receipts, AFTER paying the inter
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 il further enacted, That sum not
exceeding twenty thousand dollars, 10 he paid out Of
any unappropriaed money in tile treasury, be, and the
same hereby appropriated for defnyiHg the expense
of preparing, printing, engraving and otherwise, Incl
dent the issuing of the treasury notes und stock al
hnrized by this act Provided, That compensation
shall be made any officer whose salary fixed by law
for preparing, signing, issuing treasury notes.
tiHcate. Of stock.
and hereby is made the duty of the Secretary Of the
Treasury 70 cause statement Ia he published monthly
oil the Of all treasury notes issued or redeemed
In pursuance o the provisions of this act and that the
mower 10 issue treasury conferred The President
of the United States by this act shalt and deter
mine six months after the exchange and ratification of
atreaty of peace with the republic of Mexico.
Sec o. Aud be il further enacted That il shall be
the duty of the Secretary of the Treasury TO report Ia
Congress, at the commencement Of each session. the
amount of treasury notes which have heen issued
der the provisions Of this act; the amount redeemed
and the manner in which redeemed the amount pur-
chased and oil whom and At what time purchased; and
the amount reissued, stating In lieu Of which reemp
they reisSued, with the date oil such reissue
during the preceding year.
Approved January 70, lo4I.