Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1864-03-03
An act to fund, tax and limit the Cur,
c6nCY.

The Congress Of the Confederate States
of LINEN sc0 do enact, That the holders of
ali Treasury notes above the denomination
of five dollars, not bearing interest, shall
be allowed until the 1st day Of April 1854,
east of the Mississippi river, and until the
1st day Of July 1854, west OF the Mississp-
pi river, to fund the same, and until the
periods and at the places stated the holders
of all such Treasury notes shall be allowed
to fund the same in registered bonds, bear
ing interest at the rate of four per cent.
per. annum, payable on the 1st day of Jan
uary and July of each year.
9 The Seer etary OF the Treasury is here
by authorized to issue the bonds required
for the funding provided for in the prece-
ding section, and until the bonds can be
prepared he may issue certificates to an
swer the purpose. Such bonds and certlf-
Gates shall be receivable without interest
in payment Of all government dues paya-
ble in the year 1864, except export and
import duties.
g. That ali Treasury notes of the denom-
ination of one hundred dollars, not bear
ing interest, which shall not be presented
for funding under the provisions Of the
first ection of this act, shall from and after
the first day of April, 1864, east Of the
Mississippi river, and the first day Of July
1864, west of the Mississippi river, cease
to be receivable in the payment OF public
dues, and said notes, if not 30 presented at
the time, shall, in addition to the tax of
thirty three and one third cents imposed
in the 4th section OF this act, be subject to
a tax Of ten per cent. per month until SO
presented, which taxes shall attach to said
notes wherever circulated, and shall be
deducted from the face Of said notes when
ever presented for payment or for funding,
and said notes shall not be exchangeable
for the new issue of treasury notes provid-
ed for in this act. ..#
4. That on all said treasury notes not
funded or used IN payment of taxes at the
dates aud places prescribed III the 1st sec
ton Of this act, there shall be levied at
said dates and places a tax of thirty
three and one third cents for every dollar
promised on the face OF said notes. Said
tax shall attach to said notes wherever cir
culated, and shall be collected by deduct
ting the same at the Treasury, its deposit
cries, and by the tax collectors, and by all
government officers receiving the same,
whenever presented for payment, or for
funding, or in payment of government
dues, or for postage, Or in exchange for
new notes as hereinafter provided; and
said Treasury notes shall be fundable in
bonds as provided in the first section of
this act until the first day of January 1865,
at the rate of sixty-six and two third. cents
on the dollar. b ,.,....-stx ~.t. - ;, s.eas
SEQ And it shall be the duty of the ,Secreta-
ry of the Treasury at any time between
the 1st of April east, and the first Of July
1854, west Of the Mississippi river and the
lst OF January 1865, to substitute and ex-
change new Treasury notes for the same,
at the rate of sixty-six and two othird cents
: on the dollar, provided that notes Of the
denomination OF one hundred dollars shall
. not be entitled to the privilege OF said exr
! change ;1p1ovaded J1rther,s that the right
I to fund any of said Treasury. notes after
the first day of January 1856, is hereby
taken away and tprevsged further, that
upon al such Treasury notes which may
remain outstanding on the 1st Of January,
1865, and which may not be exchanged
for new Treasury notes as herein provided,
i: 2 tar Of one hundred per cent is hereby
! imposed. = -. = - $ <7'@'r
ta~ 5. That after the fnt day eof April ps1t,
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