Squatter sovereign., 1855-06-19

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 Attorney General of the United States,
addressed to the Secretary of the Treasury, un-
der date of September twenty-six, eighteen hnn-
dred and ffty-three, the 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, en-
braced in this act, shall be determined by the
existing laws of the State of Texas.
SEC. 2. And be it further enacted. That, in all
cases where the State of Texas NAV have paid
any portion of the debt described in this act,
the said secretary shall refund to the proper Of
cer OF said State the amount actually so paid
by the State, upon the presentation at the Treas
ury Department Of the evidences of said debt,
on which the said State may have made such
payment: Provided, 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 refunded to the State of
Texas by the provisions of this section is less
than the proportion which would have been al
lowed under this act TO the holders of such
licences of debt. had such payment not been
made then, such holders shall be entitled to re-
ceive the difference between said sum and the
proportion they would have received under this
act IL no payment had been made them: and
where any original certificates or other evil
dences OF debt have been surrendered to the an
thority of the State of Texas and new certifi-
Gates issued therefor by said State of Texas.
such new certificates shall be received as evil
dences of the original amount Of the claim.
SEC. 2. And be it further enacted. That no
payment shall be made under this act. to any
holder of said securities, evidences of debt,
unless the said holder shall first execute to the u
States 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 Depart
| Inent.
! SEC. 4. And be it further enacted That be-
| fore payment of the moneys aforesaid. the Sec
| retary 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 payment shall be made on anv
| bond, certificate, evidence Of debt, which
| shall not, thirty days before the time limited
| hv said notice, be presented at the Treasury
/ Department.
| SEC. 5. And be it further enacted. That the
sum of seven millions seven hundred and ffty
| thousand dollars be, and the same is hereby.
appropriated ont of any moneys in the treasury
not otherwise appropriated. for the purpos of
! carrying into effect the provisions of this act
SEC. q. And be it further enacted. That this
act shall not take effect until it shall be assent
ed to by an act of the Legislature of the state
of Texas, and aeopy Of the act of said State
daily authedticated, deposited in the Treasury
! Department at Washington nor until the legis-
| lature of the State Of Texas shall pass an act
| Withdrawing and abandoning all claims and de-
mapds against the United States, growing out
of Indian depredations or otherwise.
Approved February %, 1855