Gazette and sentinel., 1861-04-27

For more ample information TO all concerned,
a copy OF the act of Congress is subjoined:
iNACT 10 raise money for tie support Of
Government, aud to prOride for the defense Of the
CtOyrlcrrtc States Of America.
SEcToIY /. The G ongress of the Confederate
! States Of America Do enact. That the President
ofthe Confederate States be and he is hereby an.
thoIlzed al any time within IL months after the
passage OF this act, 10 borrow, on the credit of
the Confederate States, a sum not exceeding
Fifteen Millions OF Dollars, or so much thereof
as in his opinion the exigencies OF the public
service may require. TO be applied TO the pay
ment of appropriations made by law for the
support OF the Government and for the defense
Of the Confederate States.
SEc. ?. The Secretary Of the Treasury ia
hereby authorized. by the consent Of the Presi-
dent Of the Confederate States, 10 cause 10 be
prepared certificates Of Stock or Bonds, in such
sums as are hereinafter mentioned, for the
amount To be borrowed as aforesaid, TO be signed
by the Register OF the Treasury, and sealed
with the seal of the Treasury and the said GER
tificates OF Stock or Bonds shall be made payable
al the expiration OF ten years from the first day
Of September next, and the interest thereon
shall he peid semi-annually at the rate of Eight
pes cent. per annum, at the Treasury and such
other places as tie secretary OF the Treasury
may designate. And 70 the bonds which shall
be issued, as aforesaid, shall be attached coupons
for the semi-anuual interest which may accrue,
which coupons may be signed by officers to bo
appointed for the purpose BY the Secretary of
the Treasury. And the faith OF the Confeder-
ate States is hereby pledged for the due payment
OF the principal anu interest OF said stock and
bonds.
So > As IT, u.s. Il C.. .-u-. f.
the first day OF September next, the Confederate
States may pay up any portion of the bonds or
stocks, upon giving three months previous pub
lie notice, at the seat OF Government, of the par
tcular stocks or bonds TO be paid, and the time
and place Of payment; and from and after the
lime so appointed, no further interest shall be
paid on said stock or bonds.
SIC. 4. The certificates of stock or bonds shall
be issued in such form and for such amounts as
may I've determined by the Secretary Of the
Treasury, and may be assigned or delivered I'M
der such regulations as he may establish. But
rome of them shall he for a less sum than fifty
dollars and he shall report 10 Congress, at its
next session, a statement in detail Of his pro-
ceedings, and the rate at which the loans may
have been made, and all expenses attending the
sane.
SEC. 5. From and after the first day Of August,
1861, there shall be levied, collected and paid, a
duty OF one-eighth Of one cent per pound on all
cotton IN the raw state exported from the Con-
federate States which duty is hereby specially
pledged 10 the due payment OF interest and prin-
clpal Of the loan provided for in this act and
the Secretary Of the Treasury is hereby author
lied and required to establish a sinking fund to
carry into effect the provisions OF this section.
Provided, however, that the interes, coupons is.
sued under the second section OF this act, when
due, shall be receivable IN payment of the export
duty on cotton provided also, that when the
debt and Interest thereon. herein authorized 10
be contracted, shall be extinguished, or the sink
ing fund provided for that purpose, shall be adj
equate 10 that end, the said export duty shall
cease and determine.
Approved 18th February, 1861.
Referring 10 the above advertisement for a
loan oil Five Millions Of Dollars TO the Confed-
crate Sites, together with the act OF Congress
creating it, the Undersigned, appointed Commits
%sioncrs, give notice 10 the public that books of
sub scription for said lean, will be orened al the
branch of the Louisiana State Bank, al Baton
Rouge, on the 18th of April, 1861.
Apart from other considerations, this loan Of
fers 10 subscribers a high rate of interest-Eight
per cent. per a~hhun-payaOle semi-anhuahyI
and the highest order of security-a special ap-
preparation Of an export duty on cotton OF one
eighth of a cent per pound-thus presenting in
ducements which cannot fail TO comment the
loan 10 pablo favor, as a sound and profitable
II. ". ALLEN,
w. RUFFlN BARROW,
DANIEL ID. AVERY,
w. 3. PIKE.