, 1855-09-07
APPROVED, February %, 1855.

Mexican Gulf railway, in the State Of
Louisiana
APPROVED, February %, 1855.
An act to prOridc for Tie Payment Of such
Creditors af Tic late Republic Of 1er0s
as are cOmprehended in The Act Of Congress
of September nine, eighteen hundred and
6J1g
Be IL enacted By The Senate and House Of
Representatives. ofMe United States Of Amler-
ieG IN Congress assembled, That in lieu of
the sum of five millions of dollars, payable
to the State of Texas, in five per cent.
stock of the United States, by the act en-
titled " An act proposing to the State of
Texas the establishment of her northern
and western boundaries, the REIMBURSEMENT
by the said State Of all territory claimed
by her exterior to said boundaries, and Of
all her claims upon the United States, and
to establish a territorial government for
New Mexico" passed September ninth,
eighteen hundred and fifty, the issuing OF
which stock was restricted by the first pro-
viso, to the fifth proposition contained in
the 6rft section Of said act, the Secretary
of the Treasury be, and he is hereby, au-
thorized aud directed to pay 10 the credit
ors Of the late Republic of Texas, who hold
such bonds, or other evidences of debt for
which the revenues Of that republic were
pledged, as were reported to be within the
provisions Of the said act Of September the
ninth, eighteen hundred and fifty, by the
report of the late Secretary of the Treasu-
ry, to the President of the United States,
and approved by him on the thirteenth day
Of September, eighteen hundred and fifty
one, or which come within the provisions
Of said act, according to the opinion upon
the Texas compact Of the present Attor-
ney- General of the United States, address
ed to the Secretary of the Treasury, under
date of. September twenty-Sixth, eighteen
hundred and fifty4three, the sum Of seven
millions seven hundred and fifty thousand
dollars, to be npportioned among the said
holders pro rata: PrOrided, That the in
terest on the debt, embraced in this act,
shall be determined by the existing laws Of
the State Of Texas
SEC. 2. And be IL further enacted, That
in all cases where the State Of Texas may
have paid any portion of the debt described
in this act, the said secretary shall refund
to the proper officer Of said State the
amount actually so paid by the State, upon
the presentation at the Treasury Depart
ment of the evidences of said debt, on which
the said State may have made such pay
ment PT6rided, The said sum shall not
exceed the proportion which would have
been allowed to the creditor or creditors,
If such payment on said evidences Of debt
had not been made by the State of Texas;
and where the said sum that may be re-
funded to the State Of Texas by the provis-
ious Of this section is less than the proper
tion which would have been allowed under
this act to the holders Of sucR evidences of
debt, had such payment not been made
them, such holders shall be entitled to re-
ceive the difference between said sum and
the proportion they would have received
under this act if no payment had been
made them and where any original GER
tifcates or other evidences Of debt have
been surrendered to the authority of the
State Of Texas, and new certificates issued
therefor by said State of Texas, such new
certificates shall be received as evidences
Of the original amount Of the claim.
SEC. 3. ANd Be Il further enacted, That
no payment shall be made under this act,
to any holder of said securities, or eviden-
ces Of debt, unless the said holder shall
first execute to the United States a receipt
for the said payment, in which said holder
shall forever release all claim against the
United States for or on account of the
said securities, or evidences of debt also
similar releases to said State of Texas
and the said certificates, or other evidences
Of debt, shall then be deposited with the
Treasury Department.
SEC. 4. And be IL further enacted, That
before payment of the moneys aforesaid,
the Secretary Of the Treasury shall give
notice, by public advertisement, for the
space Of ninety days, Of the time at which
said payment will be made and no pay
ment shall be made on any bond, certif-
cate, or evidence of debt, which shall not,
thirty days before the time limited by said
notice, be presented at the Treasury De-
partment
Sec. 5. And be il further enacted, That
the sum OF seven millions seven hundred
and fifty thousand dollars be, and the same
is hereby, appropriated out of any moneys
in the treasury not otherwise appropriated, s
for the purpose of carrying into effect the {
provisions of this act