Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-06-26
y ACT 10 proridr forate FuAding Hai Furihtr lsss

A ACT 10 pr0ridr iorH!e IpHdMg nnd EHrihtr Issue
SECTION l. The Congress Of the Confederate States Of
America DO enact Tat I'LL :. rcasurY npes not bearing in.
errst issued previous I" i:c :si day "i Deccnhrr Sh
ct hundred and y.lwo shall lee iundILr III i.i ,,,r
bonds stock until the twenty second day April
eighteen hundred ami sixty three that from thai date
iii ia. first day Of August, eighteen hundred and sixty
t-rr they shall he funded IN seven PEI cent. h"l-
stock. and the -! first day OF August they slIl
longer br undabi= ut the pleasure Of the hodtr bu, s
be .rCri able in ynr; vi public dues, except the cN
port duty COTTON, and payable, six lunn:hn after the
ratification of treaty of peace specified their face
All Treasury bearing interest issued the
first day December eighteen hundred and sixIytwo,
and within ten days after the pn-snSc of this act sa! be
inlHb IL in per cent bonds stock until the irs
day OF August next and after the raid first day Of August
-il he .nndabe only in bond. bearing interest the
OF four per cent. per aunum and payable ai any
time e>crcng thirty from the DAFT thereof and
al such notes not undl shall be receivable in pa, mcni
Of all public dues except the export duty cotton, aud
shall be payable months after the ratification of
~ peace between the Confederate Government ami The
United States. All call certificates bearing eight per
interest shall win the accrued interest DO fndEbie or
or before day of July eighteen hundred and
three. into bonds ofth- Confederate tacs, bearing inter
the rate Of eight per cent per annum, and payable
al any time not exceeding thirty years after their date:
Provided That the accrued interest aforesaid Ily,
option III the holder BIZ paiinste;d 81 Icing funded
Aca certificates, OF every description, outstanding the
first av of July. eighteen hundred and sixty three shall
after tia; date bc deemed TO be bonds bearing annual
interest of six per cent, and payable date no; rx-
cecing thirty from the said rs day Of july cigh
teen hundred aud sixty.thrcc
-.
10 the Secretary of the Treasury 10 issue Treasury notes
lie shall be authorized TO is,uc monthly IN amount OF
such notes. bearing no interest No" exceeding fifty mil
lions % dollars which sl be receivable IN payment OF
all public dues, except The export duty Oh cotton, and
payable within Nv" jrrs 'sr Inc ratification OF treaty
OF peace between the Comic irra;c States and the Unlcd
States ana nhhOlc ' ih" pleasure OF thr holder during
twelve months from The first day of the month OF their
issue in bonds OF the Confederate States payable any
time not exceeding thirty years after date and r Ing
ratrs of interest follows: II funded within twelve.
months from hc htst dhy OF hr month OF Their ISSUE the
bonds shall bc"rhN per cent interest," per annn; !urir't
after that peric! hey sall hs inndaD" IN bends brarns
four r"I cent Interest per hiiln These notes shall
bear upon ih"ir me- me ''h ana ear OF their issue,
aud not iu"'q s"" ne p"lh III 'hr he specified OF
their Face W thout interest.
Sec. ). After the ps-aS" OF This act the authority here.
rOfoc given to issue call certificates shall c"as- but the
notes iundRbc INTO SIX per cent bonds MAY be converted
nj the pleasure OIL Tue hp!er iho CAL certificates bearing
interest ~ ihc lh'e OF i've per cc, per nhim from t"
DAT. "i 'nelr ISSUE my eriS SHen eer'hca'c MIA bear
upon W. Iace e i'f ""'t w m oIdc"t Oh the notes
when II fcprtssh's anu W M" iiEr notes ut
any ,''', " III. i', ~ 'I ii'l vi! - Tue
month w Tvs n ~ ;, ~ m n Du'eh'F9 cer'ihea
ho It'n,iH - Iii - M @ I'm r. ',c Hrat IHy "i
m - M, ,x.,iiny ,rir,,. yn1rS fran ,i ~ i o'. u.
~ .n; x ,pun,h s ,nd hrur;,yp Interest a, ,,, r,, -
| urr ceutum DER uD,rm Treasury nne.s wIrL h,- .,,
opcraon Of this act become .indable into bonds bri"-
yearly Interest o: tour cent may he converted NJ the
pleasure Of the holder I.O call certificates bearing into
the rate Of four per per nnnum from their date
until rccOnvcrte paid the said certificates being
vcrblr at any lime by the holder into notes funlbe ia
fore prescribed but the said certificates may cr mrd
blythe Government after nix months from the ratification q;
treaty of peace between the Confederate States and the
| limited States.
SEC 4 That all bonds Of registered stock nu,hory.,
IN he issued by this nc, shall br puyube not les. ,b
thirty wears after date hut shall be rcdr.m,, ,;wn
vurs after dn,r n, the pleasure of III. Corrr,mr ami
| Shall in other respects conform 10 existing law.
SEC : The Secretary of the Treasury sl. use my
disposablc means in The Treasury which can he uppic
TO that purpose without injury 10 the pubc ip,.rst N
the p,rchnsc Of Treasury notes bearing no p,rrc. and
issued after the pussage of this act mill IN. :, oI
amount Of Treasury notes in circulation shaII mn, .y
coed unr hunLr.sl and seventy. iva mill ons of in,r
| SEC G. The Treasury notes hereby nlInwrd IN Ia. L.
rucd shall b. of upy denomination of mn les. ,bsn f,
Joi,r. ,wc il NOW authorized bv Law ,j,n, , & r
,,r,. os ,i, Treasury may dirrc, thn ur.,,nr;, -
o;v,u shall cease nj the cxuruon of ,bs G-, ir =,
1nuTrrss after the tcuon of q ,r.u,v or Loco. ,r
II, ,h end of two wears should the war cntru o Lon,
| g. ,,,;,, -, ,, ,,,,,. !,
oc : -, ~ .r "u."Uiy heirinoeore given
W., Iii L iI;S.s u 60 W s r ,cs;S .loes
ILL mud o,t,w, JnIIars NJ, IS H. a, ~
nn". nc T., ,d,o,, 70 ,iS 80 -, -, ~ w y
r Ini hnr.. nc,rn i..,,od Sill r, I
r a., i,,;nns 81 Ini,ars d ' ; o II" ''e roH'
oi ,s,"r s rs,ica I, ~ "s pay
i.",, Che rn,f.d,rn,o g,.,,aa n,J a., its v. f"'c
pet" r.i . W, ~; n. r I .,i .n1 oineu oIhes
III" Nv, m -, ," b,, lii -" I ee'P' '"c
| '"P0'' ""s' va '"' '"''' NV Nv ''''"a''e
Sec That the Secretary OF the Treasury be authorized
t" sell bonds bearing per cent interest per annim and
payable us er'lnoei"re drcctct NJ par ioi Treasury
notes issued SINCE Tue Hlsi ia! OF Dcccinocr eighteen hun