The eastern clarion. [volume] (Paulding, Miss.) 1837-1863, 1858-10-23
by AUTHORITY.
LAWS OF THE UNITED STATES
An ACT to authorize a Loan not exceeding the
Sam Of Twenty Millions u Dollars.

An ACT to authorize a Loan not exceeding the
Sam Of Twenty Millions u Dollars.
Bsu enacted By the Senate and House Of Repre-
GeAtIfUes IF rte Gnited States Of ADericd in I0As
grses assembled That The Presdeu; OF the Uni
ted ) a,es be, and hereby il, author d. ct any
lime within twelve moniLs from the passage Of this
act 10 borrow, the credit 81 the United ) ates.
a sum not exceeding twenty millions Of dollars, or
50 much thereof a., in his opinion, the eXgencies
Of the public service nav require; 70 be implied
TO the payment Of sppT0priat uus made BY law, IN
sddiIoD 10 ths money received, or which may Be
received. into Tie treasury from other sources
Pr3rifCd, That no stipulation or contract shall be
made 10 prevent the United States from relmburs-
ing any sum borrowed uu1er the authority Of tbs
nc AZ any time after the expiration Of htieen years
from the first dtv of January next.
SEc 9. A5id be 70 tUrtbsT enacted, To2t stock
shall be issued for the amount 50 borrowed, bear
ing interest not exceeding fTe per centum per ane
num- payable semi.aunually, with coupons Tor the
semi annual interest attached 10 the certificates OF
stock thus created and the Secretary Of the Treas.
ury be. aud hereby l., authorized wi'h the consent
Of the President, 20 cause certificates Of STOCK 10
De prepared, which shall be signed BY The ksR>
lster and sealed with the seal OF the Tfeasury
Department., for the amount 50 borrowed 10
favor OF the parties lending the SAM, or their as
-Izns YrJgDisd, That no certificate shall be is-
sued for a les sum than one thousand dollars.
SEC. 3 Aad Be 20 fqrtBer enacted, That, before
awarding said loan. the Secretary OF the Treasury
i
| newspapers If the city OF Washington, aud IN ore
| n more public newspapers IN other cities OF me
| United ates public notice that scaled proposals
\ tor such loan will be received until certain day
80 he specified in such notice, not less than thiTiy
| tays from its first insertion IA 4 Washington
| newspaper and such notice shall safe the amoun
| OF the loan, at what periods the money shall b'
/ paid, II by lnstalm ents and at what places. Suct
| sealed proposals shall be OPP ned on the day ap
pointed In the notice, 10 the presence Of such per
| sons as may choose 10 attend, and the proposal
| decided on by the Secretary Of the Treasury. VIII
| shall accsp' the most favorable proposals ofere'
| by responsible bidders for sad stock. And lh
SAID Secretary shall report TO Congress, at h
| commencement OF the next session, the amount q
roEey borrowed under this act, Gnd OF whom, AM
| N what terms, 1t shall have been obtained VIII
Al abstract or brief statement OF all the proposal
submitted for the same, distinguishing betweel
those rejected, with detailed statement OF the ex
. peS-S~AstSAA1Dg sob loans Pr0Uide4 Thai nj
sock shall ne drpnsd Of al less than rs BAR walt
q SEC. md b. it rttte1- --.-ssGL Tn u the fai
| 4 the United States Is hereby pledged for the &
payment Of the iu'eres' and the redemption Of {
principal Of said stock
x SEC. >. And be IL furtbsr enacted, That, 70
tray tie expebs- nI engraving and printing cert
cafes OF such stool and o't er expenses incident
=" he execution Of this ct, the Of FIVE thausa
q dollars IS hereby appropriated: Progtded, III
no compensation shall ne allowed for any 3
v'ce D rf0rmed under this &C. 20 any off,
IA whose salary u established By law.
i APPROVED, June IA, 1888