Santa Fe gazette. [volume] (Santa Fe, N.M.) 1859-1864, 1861-06-01
LAWS OF THE UNITED STATES,
lPuBLlC-No. ~


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Notes. and for other purposes.
Be ii enacted By The Senate and House Of
Representatives. ofhe United States Of Amer
ica IN Congress assembled, That the Presi,
dent Of (tAe] Uaited States be hereby authori.
zed to cause treasury notes, for such sum or sums
as the exgenccs of the public service may require
but not to exceed at any time ten millions Of dol
lars, and Of deaominations not less than fifty dol
lars for any such note, to be prepared, signed, and
issued in the manner hereinafter provided.
Sec. 2. And be ii further enacted, That,
such treasury notes shall be paid and redeemed by
the United States at the Treasury thereof after
the expiration of one year from the date of issue
Of such notes. from which dates, until they shah be
respectively paid and redeemed, they shall bear
such rate Of interest as shall be expressed in such
notes, which rate o. interest shall be six per cen.
tum per annum: PrOuided, That, after the matu-
rity Of any of said notes. interest thereon shall cease
at the expiration Of sixty days notice of readiness
to redeem and pay the same, which may at any
time or times be given by the Secretary of the
Treasury in one or more newspapers at the seat
of government The redemption and payment oil
said notes, herein provided, shall be made to the
lawful holder thereof respectively upon present
ment at the Treasury, and shall include the princi
pal Of each note and the interest which shall be
due thereon. And for the payment and redempt-
ion Of such notes at the time and times therein
specified, the faith Of the United States is hereby
solemnly pledged.
Sec. 8. And be ii further enacted, That
such treasury notes shall be prepared under the di.
rection of the Secretary Of the Treasury, and shall
be signed in behalf of the United States by the
Treasurer thereof, and countersgned by the Regis
ter Of the Treasury. Each Of these officers shall
keep in book, Or books provided for the purpose
separate, full, and accurate accounts, showing the
number date, amount, and rate Of interest OF each
treasury note signed and counterSigned by them
respectively; aud, also, similar accounts showing
all such notes which may be paid, redeemed, and
cancelled, as the same may be returnedi all which
accounts shall be carefully preserved in the Treas
ury Department. And the Treasurer shall &C.
count quarterly for all such treasury notes US shall
have been countersigned by the Register and de
livered to the Treasurer for issue.
Sec. 4. And be ii further enacted, That
the Secretary of the Treasury is hereby authori
zsd, with the appreciation Of the President, to
cause such portion Of said treasury notes as may
be deemed expedient, to be issued by the 1reasu
rer in payment of warrants in favor of public cred
itorS, or other persons lawfully entitled to pay
ment, who may choose to receive such notes ii
payment at par and the Secretary Of the Treasury
Is hereby authorized with the appreciation Of the
President to issue the notes hereby authorized
to be issued, at such rate interest as may be OF
fered by the lowest responsible bidder or bidder
who may agree 10 take the said notes at par aite
public advertisement Of not less than ten days il
such papers as the President may direct the sale
advertisement to propose to issue such notes a
par to those who may offer to take the same q
the lowest rate of interest. But in deciding upo
those bids no fraction shall be considered whic
may be less than one fourth per centum per al
b nun.
Sec. 5. And be Il further enacted, Tha
said treasury notes shall be transferable by assign
ment indorsed thereon by the person to who's
order the same may be made payable, accompa
MED together with the delivery Of the note s
assigned,
Sec. 6. And be ii further enacted Tha
said treasury notes shall be received by the prope
officers in payment Of all duties and taxes laid b
the authority of the United States, of all publ
lands sold by said authority, and Of all debts t
the United States, Of any character whatever whic
may be due and payable at the time when sal
tseasury notes may be offered in payment thereo
and upon every such payment credit shall begive
for the amount Of principal and interest due o
the note or notes received in payment, on the da
when the same shall have been received by sue
officer
. Sec. I. And be 1t further enacted, Tha
Z every collector Of the customs receiver publ
IS moneys, or other officers or agents Of the Unite
' States, who shall receive any treasury note O
notes in payment on account Of the United Statei
shall take from the holder ofsuch note or notes,
receipt on the back Of EACH stating distinctly tn
date Of such payment, and the amount allowed o
such note and every such officer or agent sha
keep regular and specific entries Of all treasur
notes received in payment, showing the person
from whom received, the number, date, an
amount Of the principal and interest allowed o
each and every treasury note received in payment
which entries shall be delivered 10 the 1reasur
with the treasury note or notes mentioned thereir
and, Il found correct, such officer or agent shall
ceive credit for the amount, as provided in tn
sixth section ofthis act.
Sec. 8. And be It further enacted, Tha
;, the Secretary ofthe Treasury be, and hereby il
10 authorizad IN mako and isaue from time In finn