Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1861-05-23

CHAr. xxi x-AnIAet authorizing Lo

b 70 enacied BY fas Snsis and H0l's Of Rspr,s>nfa-
LtrtA q 3f' JH,t'd ai' az A"4fTlcd ~ oHsFts' Haf
be- hat the President OF tie United States be. and
her-by J. Authorized At any time before the II DAY
of Juis ueNt 10 borrow. on the credit Of the Uui'-o
State srfsn not exceeding twen;g live millions II
dollars. " 80 much thereof ~ his opinion. tia
eNigeucies OF the public ice may require TO Re
used ia the psy meut % the current demands upon
The treasury Sud ior The redemption 81 liea-uf'
HOtes oF oHt-tandiDg- ana 10 replace in the Treas
u-y amount 81 aid notes hlch shall have been
pa" ana received i"r puDilc aues.
~Eg 2 Ind b. 10 faTh+y .siactsa. That Ftock -hal
be- --Uea Tor emouhi 80 borrowed bearing inter
t- not rAcet M si per ctIiUIn per aiiunm az @ 10
be resmbuT-rd within period not teFoEd twenty
and not lees than ten year. and the Secretary
u4 TIE treasury he aLn D. hereby. authorized VIII
tire c-lf 90 tie tr silent 10 cause CERTIFICATES Of
-'uas TO Bee .EepaTea which shall De signed by tie
htlfeT at4 svai-4 with The sfat o. the TeatuTy De
gaitmrHt lnT rae amount 90 borrowed. in favor Of
fr parf5e- lending tue f. or their aesign- which
certificate, mas lie Transferred ON the books Of the
Irra-Gfy under ~ d regulations mas be e.tabli-
Cd Dy the Secretary OF the Ireazury Prori5sa That
no cerfincat- .la. be Is-ged sr ie.s .Bn tbsu on
thousand dc lar. And Tyoriase also. That whenever
required. It'd Sacre sEy the Treasury NAV cause
coupons o stml-annual Interest payable thereon 20
be attached 10 eeruhcete- is.ued under THE act aud
any certificate WIt sHcb coupons Of interest attached
may be assigned and transferred by delivery Of tie
SAM instead Of being transferred on the book
the Treasury.
SIC q. AHdbeif hgtasr snaetsa That, before award
ing saId loan, the Secret ~ OF the Treasury shsl
cause 70 be Inserted Ia two of the public newspapers
OF the city Of Arlington and II one or more pubic
ueWspap- r. IL other citise OF The nited States pub
nc notice that "a proposals. for such Il loan pgs
be received until Certain day be specified in such
notice. not e-s ten DAYS it, first insertion
Ia d Washington neNrpaIeT. and such notice sEa3l
state the amount OF the loan. at - hat period tie
ey shaA be- paid. If By en-tallmeHts and At what
places. such sealed prop ssls shall e opened the
daN appointed in the notice IA she pTe~eHce Of ruch
pc sous may choO.e O. attend, and the propossi-
decided b. the Secretary ofthe Treasury. Who -hail
cjt tie most iGF UTabie offered By responsible bid
Dee said stock. And the said Secretary shall
port to Congress. Al The ecnueuc Of tie next
-e--Ion, tile amO8Lt OF mOnes borrowed under IhIz
act ana OF whom auG waat terms II shall have
treu Obtained Win an abstract DTei statement %
ali The pros osas submitted fDr The same di-tInzgs-
ing bei~esn those accrp 20 ana those rejected, sta
loans
sE- i Aad b. .. fasrs, saqe.sI That Jie faita If
the lHtt.1 >tate- D. hereby irage8 Tor lhH Dee ls
Went 90 ~ interest end lie redemption u lie lgEa-
clpgl o. SAD .fuct.
SIC s. AaR 5- % ttr's .Harfsa. That &c ras.ar- s
e .yaH SRI Sra at TOE Hgt ut faeHr. -ste- fs.