Santa Fe gazette. [volume] (Santa Fe, N.M.) 1859-1864, 1861-06-22
LAWS OF THE UNITED STATES.
[PuDLIc-No. SCI

llUBLIC-Nu' JOl
AN ACT TO provide for the Payment Of ontstana-
inc Treasury Notes, to authorize q Loan, to
regulate aad fix the Duties on Imports, and Tor
other purposes.
Be Il enacted by The Senate and House q
Representatives Of me United D States q
America in Conqress assembled, That the
President of the United States be, and hereby 49,
authorized, at any time within twelve months
from the passage of this act, to borrow on the
credit Of the United States; sum not exceeding
ten millions of dollars, or 50 much thereof as, III
his opinion, the exgences of the public service
NAV require to be applied to the payment OF ap,.
preparations made by law, and the balance Oh
treasury notes now outstanding and no other puT-
poses, in addition to the money received Or whlch
nav be received, into the treasury from other
sources: Prorided, That no stipulation Or CON
tract shall be made to prevent the United states
from reimbursing any sum borrowed uhaeF .ne
authority Of this act at any time alter the e1plTa-
ton of ten years from the first day OF july next,
by the United States giving three months notlce'
to be published in some newspaper published az
the seat of government of their readiness TO dosoi
and no contract shall be made tOpreyent tne re-
demption of the same at any time after the eA,
pjration of twenty years from the said irst day oi
July next without notice
Sec. 2. And be Il further enacted lhal
stock shall be issued for the amout SO borrowed,
hearing interest not exceeding six per centum per
snnum; and the Secretary Of the Treasury be, ana
shereby, authorized, with the consent Of the
President to cause certificates Of stock TO be
nrenared which shall be signed BY the Register
And sealed with the seal of the Treasury Depart
mont for fhe amount so borrowed, in favor OF the
narties lending the same, or their assigns which
certificates may be transferred on the books oil the
treasury, under such regulations as may be estab'
lished by the Secretary Of the Treasury Proeided,
THAT no certificate shall be issued for a less sum
than one thousand dollars And proptded, also,
That whenever required the Secretary Of the
Treasury may cause coupons Of semtannual inter-
est payable thereon to attached TO certificates
issued under this act; and any certificate with such
commons of interest attached may be assigned and
transferred by delivery of the same, instead ol
being transferred on the books ofthe treasury
Sec. 8. And be 1t further enacted, That
before awarding any Of said loan, the Secretary o. Of
the Treasury shall as the exigencles Ofthe pubilc
service REQUIRE cause to be inserted in two OF tpe
public newspapers of the city Of Washington, and
in one or more public newspapers in other cities
of the United States, public notice that sealed
proposals for SO much of said loan as is required
will be received until certain day, to be specified
in such notice, not less than thirty days
from its first insertion in Washington newspa
per; and such notice shall state the amount OF th'
loan at what periods the money shall be paid,
byinstalments and at what places Such aealec
proposals shall be opened, on the day appolntec
in the notice, in the presence Of such persons a
may choose to attend, and the proposals decdet
onby the Secretary of the Treasury who shal
accent the most favorable offered by responsible
bidders for said stock. And the said Secretar.
shall report to Congress, at the commencement
the next session, the amount of money borrowed
under this act, and of whom and on what terms
shall have been obtained with an abstract or bre
statement Of all the proposals submitted for tn
same distinguishing between those accepted ant
those rejected with detailed statement of tn
expense of making such loans: Proptded That n
stock shall be disposed Of at less than its pa
value. And provided further, That no par
ofthe loan hereby authorized shall be applied T.
the service Of the present fiscal year.
c.. A,J ho - 6,rJbor o,,oo,od Nh,
Dec :, aug 70 u ""s', s 1,,5 S""os'" ,ao f.n n
IN case the proposals laue lot st loa po III 'Oi
vice shall reoujre, shall not be satisfactory, tn
rresue' ol .S Jn'eG oon" T.'D 70 'Ta oooont %
hetepy s ausn1Sea " uueI "no ~ S' t6p honJ
oner u ol css '; na ',,e % onS s"' e tbaroos @ o
consuming .ne sau sSuoe SI on 'u nutbn,na
10 the eAenC ana aou' VI .lie lOau "a',o,I stsa \
70 DC maue py snls sSs s " iSsue sleSsu mV
sums not ess tan my uoais pcass ,nly'sv a"o,
the rate Oh s1 Pgt cea. eT auu @ Psyaoo 'e
annually on Ine nls' uays VI oal ',uu pu'y u. eaS