Delaware State journal and statesman., 1863-03-17
OFFICIAL.


Ahe government.
De it sHasisa by the SsHafs and House of Repre,enta
utes ~ he tiel StafeI % America in CoHgrsss Assem-
bld That the Secretary u the Treasury Le and he il
hereby authorized to borrow from time time On the
o. INC United states SUN not exceeding three hundred
millions OF dollars or tile current fiscal year and sx
dsd millions for the next fiscal year aud to issue
or coupon or Registered bohds payable the pleasure
o. tho Government after such efOds AS NAV bn 10
the Secretary not less than nor more than forty yeafs
from uale In coin and Of such denominations nor ess
hau MY doliAr as he may deem expeden bearing In
leres AZ rate not exceeding per per annum
payable On bonds mot exceeding one hundred dollars an
huallY and On all other bonds semi annually IN coin
anu ne may IN his discretion dispose Of such bonds
any time upon such terms he may deem most advise
be Tor lawful money Of the United States or for any AZ
e OF Indebtedness or deposit that may any
ne pe unpaid or for any of the treasury nutes hereto
lore Issued or which may be issue under the Droysons
Of hs act And all the bonds and treasury notes or
United States notes ISSUED under the provisions OF b
act sinai be exempt from taxation by or under stae ar
municipal authority PrOpid,d, That there shall be ont
standing Of bonds treasury notes and United STATES no,
ahy me issued under the provisions this act no
ssaer amount altogether than the Of niue hundred
millions OF dollars.
sec. 2 And DO Il further fnaefsd That tba ssora,.
OF NE treasury BE- snd he hereby authorized 10 issue
On me credit Of the United Htaes four hundred millions
oi uoilas IN treasury noer, payable at the peasu ~
oi'eu states or at such tins times not exceeding
thres years from date, may be found most beneficial 10
no pupe interest," and bearing Interest at rate not ex
uius ga per eentum per annum, payable at periods
expressed on the lace said treasury uotes and ne In
e,est on the said treasury and certificates of IN
deb dness and deposit hereafter issued shall h. maid n
hiui money The treasury notes thus issued shall he
o. such denomination the Secretary may dir Ct not esS
ven aosfs and may be dp0sed OF the best ternt
tna can be obtained. may DO paid any creditor on
the United States willing to receive the same AT uae
ana SAN treasury notes may be made legal tender T.
Tue same extent as United States notss lor their fas
Vaiue excluding INTEREST," they may made exchange
hule under regulations prescribed by the Secretary Of h
city Of Washington, at the office Of any assistant lra
uer or deposiary designated Tor that purpose Tor United
sAte notes equal IN amount to the reasury hosea e e
9r exchange together with the interest accrued and
thereon A. the date Of interest payment As1t prseed
such exchange And in lieu Of any amount Of aid he
sury notes thus eXehang redeemed or Maid al mn
urity the Secretary may Issue equal amount Of oha
treasury notes aud the treasury notes 10 exchanged ~
eeemtu or paid, shan be Cancelled destroyed a. t
secretary may direct In order TO secure csrtaln nnd
prompt exchanges Of United Of States notes Tor treasur
hotes when required above PROVIDED the seereta,
snail have power 70 ssueUne States notes to the amon
o. one hundred and my millions Of dollars which ma
Dc used necessary for such exchanges; but no pArs