Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-07-17
A N ACT 10 prosias TOR The Funding and Eur.aer Is

AL 10 PToetHs Jor tss Funding aud Further Lssit,
SECTION l. Tho Congress OF tie Confederate Sss.s Of
America 90 enact, That all Treasury bearing in
'errst issued previous TO the first day Decembrr ciyL
tee. hundred and sIx.vto kh be furdube eight per
cent boad> stock until the twenty sccond day OF April
eighteen udrcd ana six thu. from that da. nm
Ill ihe first day of AuSut eighteen hundred and sixty.
three. they shall be funded per cent bonds or
stock and after the said first dsy Of August they shall no
longer oc lnnd"u: at he pleasure of the holder but shall
be tecei' able in payment OF public dues except the -y
port Gaiy cotton aud payable six months after the
fanca'ion OF treaty Of peace rs specified their face
Al Treasury notes not bearing interest ISSUED
hrst day OF December, eighteen hundred siStytwo
aud within ten days after the passage o: his s
iu!Hr IN seven per cent bonds stock until the
dag OF August and aft the raid rst day August
shnil b- fundaule only N bonds bearing est a; the
rat. OF our per .:inui. and PAYABLE NJ any
Ee not rSceetg thrts y.irs from the date thereof ud
ali such notes NJ" funded shall be receivable in payment
Of ali public dug. the export duiy Cotton and
shall Dc payable xix months after the ratification oi
y peace between til! Confederate Government and the
Unsed States Al call ri!ic:ies bearing vh, per cr,
interest. shall with the accrued Interest, be unnblr IN
or before the ur,' DAY o. July eighteen hundred and sixty
hre- into bonds uih COSiedcra;. States bearing iu,r
est NJ he rate of eight per cent per anu and payable
n; any ;iIn NOT exceeding thirty years after their dat:
PROVIDED, THAI the accrued incrrs; atVrc MD laY III
the option OF te holder tr paid instead being funded
Auca. certificates Of every description outstanding the
hrs. lay OF July eEt-u hundred :.d sixty three. shall;
after 'at die be derried 20 Ge bonds bearing annual
n'rIes; OF nix per CENT and PAYABLE 4" date not
ceeng thirty Years from the sd first DAY Of July, riS
teen hundred and six iy..lirre.
Sec. . IN leu O.; inc power heretofore given by law
he shall % GuthorizcG 20 issue Iuoathiy aGoun, uf
such notes, bearing Interest exceeding fifty mil
lions o: dollars. which shall b" rcc:i.t! i'll payment of
all public tu-., except M. eSpori duty cotton and
payable wi;!u two rgrs after the ratification treaty
o: peace between tie Confederate States ard the United
STATES, and iat.. ,h vi, sCra o. tie holder duriI
twelve moiths from he day tie month Of their
issue, in bonds a" the Confederate States, -: am
;inc not exceeding thirty years af;r! date. ana 0"ariu;
rates OF interest follows: II funded within twc!v"
nca;lS from The first day OF tn" month o: htir i.sc
bonds sra. bear six per cell, Interest per a.nUi: L funded
after that period. they shall br sudaLIe in bends bcar!.
four pei cent. Interest per arnuIu These sIa
bear upon Eeir face tie month and o! their Issue
and if NOT funded sha be- paid II; tie time specified
their face " thont interest:
Sec g. After the as>age this set; the lhor,y here
:ofore given I" ssGe call certificates shall ccsr, nut the
,und.h- into siA per cent Dua., mas be converted
pleasure Of the holder call csr;iGca.ry bearing
Interest II The rate Of five per per fro, ;r
dte OF their issue. That every such certificate sa bear
its face the monthly de OF III" oldest &c III. rutrp
Inch represents and " convertible into like notes Al
time within six moths from the first day If the
month ia monthly da- s:ursai every certi;c.,.
recnnvc:: e Within Xix nths from The hrs, day
its monthly date shall be exchanged Ur bond pgyi!h.
any time not exceeding thirty years ro Ii" cxp;OG
the sd six ncii!s AID beir,!S iuieres! al tv six
per centun .rlnuu. Treasury Go.cs which by the
operation Of ths act become :upabc into bonds bcrrng
year, tour rru:.. r!y converted NJ the
OF the holder in.o cali certificates bearing int
the rate of tour per cr: per fru their date
nj reconvertcd or paid the said recon
v.rrb.r tiI. by the hct-r IN rs, l3
four cent bonds and payable und receivable hereto
fore prescribed; ou; the said Certificates may he deemed
by the Government alter months from the ratification Of
Treaty. OF peace between ec Confederate States and the
C:t,vi States.
SEC T. Tha; MI bonds OF registered stock authorized
10 be issued by this act 'h" be payable not less than
thirty years date Lu shGii be rcde-:AGle five
years date the pleasure OF the Government, and
! Shall in other respects conform TO existing laws.
SEC. 5 The Secretary "i tue Treasury snail any
disro-mhic i'll the Treasury wh;c! lie applied
that purpose wi,hcat injury 10 I'll, public interest,
the purchase If Treasury notes bcurinS interesI and
issued nser the pa.sase OF this act, Until The whole
nirnuat OF Treasury notes in circulation shall no, ex.
J ri lf1. fiy.. .NlI..
| SEC. q. The Treasury notes hereby allowed to be t..
sued shall tc OF denomination Of not less than five
dollars which il uoS authorized by law. that ,h ),
tary OF the Treasury may Greet IAs authority hereby
given shall the expiration OF the first session
Congress after the ratification Of tr"Ity sacc,
the cud Of TWO should tn. war continue so long
Sec = In addition 10 the authority hcrrmb";rre given
TO the SECRETARY Of the Treasury 10 ssu" Treasury notes
b. stall o. allowed 10 i,s "oi"H III me d'n"naoE o.!
one dollar and OF DOLLAR aid o.: y cents such
in addition the rUtrs OF me denomination
OF dollar heretofore Issued shall MT exceed .
fifteen millions o; dollars GEd sh nCi- shall be
able six months after the r,uc-io III r-nty of peace
between the Confederate STATE. and The Ci;rd States,
and receivable pavIn.;t of all pubc ''C.s except tie
export duty nn cotton. bar shalt not f'e fu"dab!c.
Sec. e That the Secretary OF the freHsur? be authorized
payable ~ hrrcnb-iore directed ut par fo Trrrsury
:ssrd since tue mrs; dag OF December eighteen hun
bred and six yHo 20 such oil the Confederate States
lsay desire purchase III. he msy gel! scch
bonds. when gnurauterd Ly the States OF the Con
federacv, upon such plan b" determined by the
Secretary Of the Treasury Treasury notes Oh such
terms he may deem advisable to tie highest bidder
not below par: Provided, however, rta, the whole
such boEds shall not exceed TWO hundred mil
lions OF dollars Aud provided further That the Treasury
has purchased shall be re-i-sucd. i the fsc
sucl ceissuc would be 20 incrcs. the whole
OF Treasury bearing interest which in crcu.
atior greater ttan hundred and seventy.
i've millions OF dollars. And the Secretary the Trr
sry in also authorized his Opt rirr the first
July. eighteen hundred and sxythre", Issue and
less than par, estimate in Treasury notes
pom bonds OF the Cont drrate States bearing s per cent
interest per anIum. and payable hcrcnbefore direct
! ed The said coupons 10 te paid u; the peisure OF
the either IN tie currency in which Interest l.
paid other bonds OF the Confederate States else in
cotton certificates which pledge the government, pay
the sane in cotton Of the quality OF New Orleans Mid
dlinSs The said cotton 20 be paid a. the Of eight
| pence sterrS per pound ard bs delivered AT any
time within Xix months after The ratification OF treaty
OF peace bairSeen the Confederate States and The United
Sateg. q: all Of the ports oil New Or.eGn Mobile
Savannah, Charleston or Wilmington the Secretary OF
the Treasury may direct Provided, however That the
bonds hereby authorized shat! exceed hundred
millions OF dollars, and hall be applied only 10 he 10.
sorpiion of Treasury notes, prescribed in this
Sec. g. That 1t shall be the duty OF the Secretary of
the Treasury immediately after the psage OF this act to
make publication Of copy thereof in each State, in al
least two newspapers published In ;hr State d to have
.aid publication continued uDt the 6rSt day Of August
1 -isht, - iGrsiSri ard iSty-.hrce.
hpp,nrcd grrca 81. 1883 sr. i;--l.~,IsaS
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