St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1861-09-19

......#a .. lfUBLIC--No. Al. a.
AN ACT supplementary to an act entitled
'An act to authorize National Loan, and
for other purposes"
| BE Il enacted By the Senate and House Of Rare
seftdiires Of The United STATES o Apaerica, in Con
9ress assembled, That the Secretary of the Treas
ury is hereby auehorzcd to issue bonds of the
United States, bearing interest at six per CEN
| tum per annum, and payable ut the pleasure
of the United States after twenty years from
date; and if any holder of Treasury notes,
bearing interest at the rate of seven and three
! tcnths per centum, which may he issued under
the authority of the act to authorize Il nation
al loan and for other purposes, approved Ju-
ly seventeenth, eighteen hundred and sixty
one, shall desire to exchange the same for srid
bonds, the Secretary of the Treasury may, at
any time before or at the maturity of said
Treasury notes, issue to said holtlcr, In pay
mcht thereof, an amount of said bonds equal
to the amount which, at the time of such pay
ment or exchange, may be due ON said Treas
ury notes but no such bonds shall bc issued
Tor a less sum than five hundred dollars. nor
shall the whole amount Of such bonds exceed
the whole amount of Treasury notes bearing
seven and three tcnths per centuin interest is
sued under said act and any part of the
Treasury notes payable on demand, authorized
by said act, may be made payable by the AS
sistant Treasurer at Saint Louis, or by the de-
pOSitary at Cincinnati.
SEC. q And be further enacted That the
Treasury notes Issued under the provisions of
the said act To authorize national loan, and
Tor other purposes, or of any other act now in
force authorizing the issue of such notes, shall
be signed by the Treasurer of the United
States, or by some officer of the Treasury De
partment, designated by the Secretary of the
Treasury, for said Treasurer, and couutersign-
ed 10y the Register of the Treasury or by some
officer of the Treasury Department, designa-
ted by the Secretary of the Treasury, for said
Register, and no Treasury notes, issued under
any act, shall require the seal OF the Treasury
Department.
SEC. g. Ind Be 10 further enacted, That so
much of the act to which this is supplemental.
ry rs limits the denomination Of a portion of
the Treasury notes authorized by said act at
not less than ten dollars, he and is so modified
as to authorize the Secretary of the Treasury
to fix the denomination OF said notes at not
less than five dollars.
SEC. 4. dHd be Il further enacted That, i'm
addition to the amount heretofore appropria-
ted, the sum Of one hundred thousand dollars,
or so much thereof as may be necessary be
and the same is hereby appropriated, out of
any money in the Treasury not otherwise APP
propriated to pay such expenses, commissions
or compensation may be Necessary, in the
1 v,
carry into execution the provisions of this act
and of the act to which this is supplementary
SEC. 5. Ind be u further e,acted, That the
Treasury notes authorized by the act to which
this is supplementary, of q less denomination
than fifty dollars payable on demand without
interest, and not exceeding in amount the
sum of fifty millions of dollars, shall he re-
ceivable in payment of public dues.
SIC. 6, Ind be II further eaacfed That the
provisions of the act entitled An act to pro-
vide for the better organization of the Treasu-
ry, and for the collection. safe keeping trans
fer, and disbursements of the public revenue"
passed August six, eighteen hundred and for
ty-siX, be and the same are hereby suspended
so far MS to allow the Secretary of the Treasu-
ry to deposit any OF the moneys obtained on
any of the loans now authorized by law, to
the credit Of the Treasury Of the United States,
in such solvent specie paying banks as he may
select and the said money So deposited, may
be withdrawn from such deposit for deposit
with the regular authorized dcpositarics, or
for the payment of public dues, or paid In re-
demption of the notes authorized to be issued
under this act, on the act TO which this is sup
Elementary, payable on demand, as may seem
expedient to, or be directed by, the Secretary
of the Treasury. .r. .
SIC. Z. Ind BE II further eR1ci,d That the
Secretary Of the Treasury may sell or negoti-
ate for any portion of the loan provided for
in the act to which this is supplementary
bonds payable not more than twenty years
from date, and bearing interest not exceeding
six per centam per annuin, payable scmi-an-
nually, at any rate not less than the equiva-
lent of par, for the bonds bearing seven per
centum interest, authorized by said act
Approved, August 5, 1861.