Kansas weekly herald., 1855-05-18
TPublic 40. I

AIN AL to provide Tor the payment o1
such creditors of the late republic o
Texas aa are comprehended in the act
of Con gress Of September nine, eigh-
teen hundred and fifty.
Be it enacted by the Senate and House
OF representatives of the United States oi
America 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
entitled can act proposing to the State of
Texas the establishment of her northern
and western boundaries, the relinquish-
ment 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 territorial gov
ernment for New Mexico" passed Septem-
Der ninth, eighteen hundred and fifty, the
issuing of which stock was restricted by
the first proyiso, to the fifth proposition con-
tanned In the first section of said act, the
Secretary of the Treasury sbe. and he is
hereby, authorised and directed to pay to
the creditors of the late republic of Texas,
who hold such bonds, or other evidences of
debt for which the revenues of that Repub-
lie were pledged, as were reported to be
within the provisions of the said act of
September tho ninth, eighteen hundred and
fifty, by the report of the late Secretary oft
the Treasury, to the President OF the Uni
ted States, and approved by him on the
thirteenth day of September, eighteen hum
dred and fiifty-one, or which come within
the provision of said act, according to the
opinion of the Texas compact of the pres.
ent Attorney General of the United States
addressed to the Secretary of the Treasu-
ry, under date of September twenty-sixth,
eighteen hundred and fifty-three, the sum
of seven millions seven hundred and fifty
thousand dollars, to be apportioned among
the said holders pro rata: PROVIDED, That
the interest on the debt embraced in this
act, sdall be determined by the existing
laws of the State of Texas.
SEC. 2. ..and beit 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 a.
mount 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
payment: Provided, The sum shallnot ex-
ceed the proportion which would have been
allowed to the creditor or creditors, if such
payment or said evidences of debt had no,
been made by the State of Texas and
where the said sum that may be refunded to
the State of Texasby the provisions of this
section is less than the proportion which
would have been allowed under this act to
the holders of such evidences of debt
such payment not been made them, such
holders shall be entitled to receive the diff
ference between said sum and the proper
| ton they would have. received under this
act ifno payment had been made them;
and where any original certificates or other
! evidences of debt have been surfendered
| 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. 80