Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-07-14

aeso lie thous ssnSs do5' IT, the Of
general, three hgnd "a dollars commanding
armament Of three hundred tbou,,,,
s's For ordnance orfn.nce s.fo,.. and .,nn,o.
horses equipments for the mounted two
and fifty thousand dollars. sass = unofed
Ee. the current expenses Of the ordnance service H.
cannon powder and for ests Of arms and ammun" and
otherwise provided for hundred and fifty thon,.nSO
dollars, ~ go $, 49, '"ousand
For the purchase Of gunpowder for the land service
! hundred Thousand dollars. % ''e' one
For the manufacture of arms 1t the national a,n,,
four hundred thousand dollars N0'es1
AN ACT to auihori.s 4 loan not exceeding III. .,.
twenty millions Of dollars. su@ Of
tie United &dtes america in Congress assemd ~
the President of the United States be- hereby mat
thorzed ct any time within twelve months from The na
sage OF this act to borrow, on the credit of the E
States, sum not exceeding twenty millions Of d,.n united
much thereof his opinion the exieeness Or
appropriations By law in addition to the aSmno
ceived or which may be received into the treasury
s 9hfr That no stipulation eu
ing any sum borrowed under the authority of this %
any time after the expiration of fifteen years from ths G
Sec. 2. And Be It further enacted, That stool. s,,u ,
issued for the amount so borrowed bearing interest We
exceeding five per oentum per annum payable sem au'
to the certificates Of stock thus created and the Sesn
e the Tssasnry be- and hereby is authorized with M
Soe vi ,ne resadeht tn certificates of soL4
be prepared which shall be signed by the Keox STOCK
sealed with the seal of the Treasury Department f. and
amount SO borrowed in favor of the parties Ien The
same or their assigns; provided that no he
be issued for less sum than thousand dollars snail
SEC g. And be It further enacted, That before .u,..
SAID loan, the Secretary of the Treasury shall can
inserted in two of the public newspapers Of h 70 De
washington and IN one public pewsnanors VI
er cities of the United States public notice th oh
proposals for such loan will be received until eed
to be specified in such notice. not less than h;t aay
from lis first insertion in Washington pewsnan Jays
SUCH notice shall state the of the loan 1T a
PERIODS the money shall be paid if by instalmen "a
az what places Such sealed proposals shall be onend
tne Gay appointed in the notice. in the presence Of %
persons as may choose to attend, and the proposals d
on by the Secretary of the Treasury who shall acca,
the most favorable proposals offered by responsible ha
Tor said stock And the said Secretary shall report In
gress at the commencement of the session tba
OF money borrowed under this act and of whom md NV
what terms it shall have been obtained With an oLs.
or brief statement of all the proposals submitted f @
same distinguished between those accepted and tb ns
jected, with detailed statement of the expense of ma
such loans Prouide That stock shall be dspoed Of
less than its parvalue. ."
Sec 4. And be 1t further enacted That the faith o H..
United States is hereby pledged for the due payment ~
the interest and the redemption of the principal of said
stock. rf " Sa'u
Sec. 5. And be 1t further enacted That to defrav tb Nv
pense of engraving and printing certificates of such %
and other expenses incident to the execution of this nv.
the sum OF five thousand dollars is hereby appropatd
Pr00ded That compensation shall be allowed for INV
service performed under this any officer whose sar
is established by law. '"''''
Approved, June IA, 1858.