Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-07-28
(No, I34l



An act to authorize and issue treasury
to prescribe the punihIent Cor forging the same, and for
fJr ing certificates Of stock and bonds.
SroTIoE The Congress Confederate States Of Anei lea
doenac That the Secretary Of the Treasury with T.
dollars in bonds payable the expiration CT twenty years
their date aad bearing rate Of interest not cling tight per
be paid semi annually. The said bonds after public advertise
nent three uewspape within the Confederate States for SIX
OF sales OF raw proue or aanuftirel arc % be pad in
the form Of specie With Jreigs bills Of exchange,
reay Of The Treasury with the assent ef the President But 1t
shall be The duty of the Secretary the Treasury report
States precise statement Of his Transactions rnie- this law.
Nor sha the said issued in fractional parts Of the hun
dtd exchanged by the sad Screta Treasury
or the notes OF any bank corporation or individual but only in
1e manner herein prescribed: Provided That n1hng here
in contained shah be so construed to prevent the Secretary Of
tie Treasury from receiving osn Hills OF exchange 10 psyn ext
SIC 3 And be it further enacted That in lieu Of ond 10 an
amount not exceeding twenty million OF dollars the Secretary
OF the Treasury with the gsselt Of TIE President issue
Treasury the amount without and in
nomi laon Of not than five dose said notes to be
eeivaDe in payment al debts the Confederate
States except the export duty coon exchange for the
bonds herein auth0Iiz he sue The said mites shall he
payable the cad Of two from TIE date Of their is1e
specie The holders said any time demand
exchange for Them bonds Of the Confederate States payable
The end of ten and bearing an interest Of gh sr
per annun, he paid annually. The 5ecreary Ct the
Treasury hereby authorized 10 issue said bonds hut
fractional parts the hundred. But expiration
years. when the Treasury shall due Secretary
Of the Treasury shall advertise that he viii pay the
Of the advertisement uness there shall failure pay
toe Their presentation
3 And further enacted That in lieu of the notes su-
thozel by this act which be rsdeemed or notes
issued within The period Of tn Aforesaid Provided,
That the amount OF such
with the which he said treasury may have
founded rlee the provisions Of this shall
Of tgeny million Of aT Bat he Secretary Of the Treasury
may upon application OF the holder bend thus founded.
it by giving in exchange treasury Issued
under the provisions Of u act to such extent that the
OF notes then ud together with the
the bonds in which they may have beea fu-d shall exceed
twenty millions of dolars.
Sac it further eraced That the faith Ct the Con
federate is hereby pledged provide
Gent for tie regular payment Of the interest," and for
redemption Of the SAID stock AMI Treasury notes.
principle b5rrOEed under provisions this tie
interest thereon the shall from time and
payable shall be paid cut Of money in the
erF.sc appropriated.
SEC And further euace That this shall be deemed
contain all the provisions limitations and penalties Of the act
entitled an act 10 authorize the issue Of Treasury notes. and to
the puDshIa for forging The same, forging
Of stcI bonds upons approved March
lGl which shall be considered parts Of Ibis act the
second and tent1 sco and save so much rees TO interest
upon Treasury note.
SEC g. And further enaccd That for tae purpose Of
raising million Of dollars within the present ende year.
providing the redemption the
contracted the Secretary Treasury
hereby oiTctel collect information in the value
the property the SYSTEM and the collected du
ring fiscal year each Ct the Confederate and
port the 10 Congress at its next session. to enable
lay equal and system internal taxation
for the purpose Of securing the payment Of the interest and pin
cpal Of the debt HEREBY authorized he created in such
fully ehar.e the obglO7 herein contracted By the
pledge c the faith Of the Confederate pay the prlc
pal and interest OF the said debt when due.
SEC. T. And be it further enacted That any State may pay
into the Treas in anticipation OF the tax aforead,
less than hundred Thousand dollars, specie its equiv
if the paid before day OF July
the sd state shall allowed set OF the with
cent additional from the quyta % lie assessed upon the sC
State
Approved May 10, 1861. iyZ7ias4E