Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1865-05-18
OFFICIAL.
~
LAWS OF THE UNITED STATES,
Passed at the Second Session OF the Thirty-
Eighth Congress.
Tprpt No SS1

PuBLIc-No 55l
AN ACT to provide ways and means for tho
support OF the government.
BE II enacted by he Scnfe and House cf Repre-
SIGNATURES Of the United States Of America in t5a-
gress assembled, That the Secretary of the 'lrea-
sury be, and he is hereby authorized to bor-
row, from time to time, on the credit Of the
United States. in addition to the amounts
heretofore authorized, any sums not exceed
ing in the aggregate six hundred millions Of
dollars, and to issue therefor bonds of treasu<
ry notes of the United States, in such form as
he may prescribe; and so much thereof rs
may be issued in bonds shall be OF denomina-
tons not less than fifty dollars. and NAV be-
made payable at any period not more than
forty years from date of issue, or may be
made redeemable, at the pleasure of the gov
eminent, at or after any period not less than
five years or more than forty years from date.
or may be made redeemable and payable ~
aforesaid, as may be expressed upon their face;
| and so much thereof as may be issued in trea-
sury notes may be made convertible into any
bonds authorized by this act, and may be Of
such denominations-not less than fifty dol
lars-and bear such dates and be made redeem-
able OF payable at such periods as in the opin-
ion of the Secretary of the Treasury may be
deemed expedient And the interest on such
bonds shall be payable semi-annual'y; and on
est may be made payable semi-annually, or
annually, or at maturity thereof; and the
| principal, or interest, or both. may be made
| payable in coin or in other lawful money
! Irocided, That the rate of interest on any
such bonds or treasury notes, when payable
in coin, shall not exceed six per centum per
annum and when not payable in coin shall
not exceed seven and three -tenths per centum
per annum and the rate and character Of in
| Ter an ay sal all ,k IL. -
treasury notes Ind Iprorided, .fngther, That
the act entitled 9 An act to provide ways and
means for the support of the government. and
for other purposes, approved June thirtieth
eighteen hundred and sixty-four, shall be SO
construed Us to authorize the issue OF bonds of
| any description authorized by this act. And
any treasury notes OF other obligations bear
ing interest, issued under any act of Congress.
! may, at the discretion of the Secretary of the
! Treasury, and with the consent Of the holder.
/ be converted into any description of bonds au-
| thorzed 10y this act and no bonds so author
| lied shall be considered part of the amount
of six hundred millions hereinbefore authori-
zed.
Sec. .. Ind be IL (4rtter enacted, That the
Secretary OF the Treasury may dispose of any
OF the bonds or other obligations issued under
this act, either in the United States or else
where, in such manner, and at such rates and
sable, for coin, or for other lawful money of
the United States, or for any treasury notes,
certificates of Indebtedness or certificates of
deposit, or other representatives of value
which have been or may be issued under any
act OF Congress; and may, at his discretion.
issue bonds OF treasury notes authorized by
this act, In payment for any acquisitions for
materials or supplies which shall have been
made by the appropriate department or offices
upon the Treasury of the United States, on
receiving notice III writing through the de-
paItment or office making the requsition,
that the owner OF the claim for which the
requisition is ISSUED desires to subscribe for an
amount of loan that will cover said reauisi-
tion, or any part thereof; and all bonds or
other obligations issued under this act shall
be exempt from taxation hy or under State or
municipal authority.
Sec. 3. Ind be further enacted. That all
the provisions OF the act entitled AN act to
provide ways and means for the support of tho
government, and for other purposes approx
ed June thirtieth, eighteen hundred and six
ty-tour, IN relation TO forms, Inscriptions, de-
vices, and tue printing, attestatiou, sealing.
singing, and countereiting thereof, with such
Others as ale applicable, shall apply to the
bonds and other obligations issued under this
act PrOrided, That nothing herein contain
| ell shall be construed AS authorizing the issue
of legal tender notes in any form and sum,
not exceeding one per centum of the amount
of bonds and other obligations issued under
| this act, is hereby appropriated to pay the ex-
pense of preparing and issuing the same, and
| disposing thereof.
| Approved, March 3, 1865.