Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-06-08

AN ACT To PROVIDE FOR THs FUNDING AND FURTdEE
ISSUE or TREASURY NOTES


Section l. Ia Congress Of Re Codsrats atssc rs-ia
osHGct That an Treasury not bearing Interest issued pre-
No sba b lr5at- n sight per cent bonds or stock until the
twenty day o. April eighteen hundred and sxtythree
sd and tythee they han be funded Ia seven per csut
stock and amer tie said hst day r. August they sha
receivable payment public dues except the expert duty
cotton and payable six months after the ratification Of treaty
ing interest asr the first day Of December gteen hun
act shA fundAble - per cent BINDS aOd stock Uut
the at day q August next and fe The said ar day Of Au
gust shall Be fendabe Oa bonds bearing Interest the
Of ur per &c per anru payable exceed
Ing thirty yea from The date thereof, and al such
DO duty cotton and shan be payable months siser
hea,iOn o. eay q peace ostWee The niderais Govern
per cent interest shl with The accrued interest Be undabe
e. before me sr,, Day o. 5s Il ssa h S and sixty hfe
rate Of eight per cent. per annHu and payable Al
ProUidsd That TIE accrued interest Aforesaid usy,
option Of The holder be paid INSTEAD Of being funded
July eighteen hundre ana sixty irse shall AZ r rat e be
deemed % os bonds bali7g anlu per esns
s-Is dAy a July d.htsvn hundred and s,1ty- hres.
ss In nsa Of s psssr !ea y law 70 tie Sec
ed 70 ssae h amogn Of such nots beari no In
sAe "a 81 al pub L dus except ss sEpors duy on
cotton add payable Sia tEo years ate ihe ratification o.
saes and usdsb The ~ Of We holder during
months from NE h dAy Of The ronh q Aelf issue
s. a a sSa S S T. " aSs '1 s S!s
odsd shn twelve months from the nt day Of the
usded after hst ps ID shA be run able TO bond
ing fOa cent n'erest per rnu These no es shan eesr
lad shall be paid a The time sPsead on hes ace uhout
sc AFTER the passage Of act authority hsrsiof re
Given oerhcaes ia bat The notes undae
holder h % can esrfea e. airing Int rest ihs raie Of ave
per per from the date 81 h ue Tha every such
o. he sos Sh and be convertible i0to lac no &c
81 any within months from the rst day Of the IA Of
q within The as. day Of monthly date shall
b EXCHANGED ior pay pc st.y time Se' creed nS ary
e s a. tas rae q 81 Pc, sseia@ Ps naS 5s'sSy note,
bsur YEA l. Interest per cent, may converted
me pleasure othe older nto call eeneess, bearing Interest
sosysr- Or p ne sd ssieass being rsso0verOs a. q
ey holder Into notes iaadaoe In ou per cent bonds
eerfs may be redeemed By tbs GoVernmsat after six nbs
nom rsuaAOn o. treaty ofPeaee between the nederse
See 4 TAt al bond ,sgs ed stock authorized TO be
y tbs act sth Be PAYABLE aot les, nan sy gsaIs 'tss
Government and sail IN ohrre respects conform 70 eEa.-
Sc The Secretary Treasury shan any dispcs
means ne treasury which can be aPFhs 70 that purpose
out uary public Interest 70 s purehase Of treasury
% b.rp no infefes aud Issued after Tie passage Of this
uuH the o. treasury noel m shall not
exceed one bundled ald ss1eutyhve millions o. dollars
se The teasu notfs hereby allowed 70 be issued shall Re
Of any denomination Of less than ave dollars which Is nov
auSsi By av th. Secretary o. tbs fr aury may direct
OF Congress AFTER re rataeson Of the treaty o.
OsEee Il the end d So years. should the var eonu's 80
long.
sea addition The authority herenhtire given - she
Secretary easey g. issue treasury notes. he shan &c a.
loved 0fthe denomination u l0ar and OF two
dollars, and o. ffy cents o such amount - IN add, on 70
dtn0ml alton q collar, he eofore issues
the OF 6een million o. dors and said tes
peace The Coniedsrae States and United States AMI
esssss In payment Of all bic dus except e export duly
cotton has shan not Be fuadabtsts
Fe 5 That Secretary The Treasury be authorized
ss bonss eear per cat per snnum aad payable s here
a. pa ior feasuy no Is issued since the nr
dsy eEhteen hundred and sEtT-No such Of
te Confdsrae may desire pur, haze tbs
hs nav s 90 bonds when guaranteed By any Of The states
u he C6nfacy upon such plan Be determined BY the
scrttary OF ne AMY IRE slry notes such
h msy dee advsabe h- highest bidder rot below par
Pored hOrersr the whole amount Of such hordl shA
moi exceed 10 hsndrgd mil Of dollars: And pr0rided %
asr That Tefsay hus pa chased 'hAn not D. e
sued n the eject Of would Be 70 Increase ne
ho reasuFy bearing no Interest which are Ia
crcuaton 20 greater than hus dred and seventy i've
nons OF doar And the Secretary Of the treasury also
suhoaed his OPdOu asr the hrt Of july Eighteen hundred