Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1865-06-29

AN ACT to provide nat onal currency
cured by pledge OF the United States bone


AN ACT to provide nat onal currency Sc
cured by pledge OF the United States bonds
and to provide Tor the circulation and redemp-
ton thereof
Reso'red by the Senate and R0ase Of Repre-
SeRtGttUes Of the United Stdtee Of Ameeicd Con-
gress assembled,
That th.re shall be established in the Treasury
d par,m-nt a separate bureau which snail be
charged vi the execution of this and all other
laws that may be passed by Congress res pecting
the 1ssue and res alton of q ttional currency
sec tred by United States bond The chief officer
of the said bureau shall e denomin ated the Com.
ptroller of the Cur ency, and shall be under the
general dT30TOn of the Secretary of the T. cas-
ury. He shall be appointed by the Pre- ijent, on
the recommendation of the Secretary of the
Treasury, by aad with he advice and consent of
the Senate, and shall hold his office for the term
Of five years unless sooner removed by the Pres
ldent, pom reas ms to be communicated by him
to the Senate; he sh II rec i've 40 annual salary
OF five thousand dollars; he shall have a COM
petent deputy, appoin ed oythe Secretary, whose
salary shall be two thousand five hundred dollars
AT who shall posses the power and perform the
duties attached by law to the office of the Com
ptroller during vacancy in such office and dur
ing his absence or inability; he sha employ
from time 10 time, the essary clerks to dis
charge such duties IS he shall direct, which clerks
shall be appointed and classified by the Secretary
Of the Treasury in the manner now prov ided by
law. Wi. hin fifteen days from the time of notice
of his appointment the Comptrol er shall take
and subscribe the oath of Office prescribed by the
aud laws OF the united states, and
he shall give to the United States bond in the
penaltry of one hundred thousand dollars, with
not less than two responsible sureties, to be ap-
proved by the Secretary of the Treasury, con-
dltioned for the fai hful discharge OF the duties
of his office The Deputy Comptroller SO ap-
| pointed shall also take the oath of office pres
cribed by the Constitution and laws of the United
States, and shall give a like bond in the per atty
of fifty thousand dollars. The Comptroller and
Deputy, Comptroller shall not, either directly or
| indirectly, be interested in any association ss-
| issuing national currency under the provisions
| of this act.
| SEC. q And be 1t further enacted, That the
Comptroller of the Currency, with the approval
of the Secre airy of the Treasury, shall devise a
seal. with suitable inscriptions, for his office,
description of which, with certificate of approx
al by the Secretary of the Treasury, shall be led
in the office of the Secretary of State with i'm
| preston thers of, which shall thereupon become
| the seal of office of the Comptroller of the Cur
rency, and the same may be renewed when ne
cessary. Every certificate, assignment, and con-
veyance executed by the Comptroller, in pur-
suance Of any authority conferred on him by law
and sealed with his seal of Office, shall be receive
n evidence in all places and courts whatsoever
and all copies of papers in the office of the Com
| ptroller, certified by him and authenticated by
the said seal, shall In all cases De evidence equally
| and in like manner as the original. An impress
ion of sech seal directly on tne paper shall be as
valid as if m de on wax or wafer.
Sec. 4. And be it further enacted That there
shall be assigned to the Comptroller of The Cur
| Tency by the eeeretary of the Treasury suitable
rooms in the Treasury building for condustrng
the business of the CarrencE Bureau, Ia which
I shall be safe and secure fre-proof vaults, In
| which it shall be the duty OF the Comptroller TO
deposit and safely keep all the plates not me-
eessadly in the possession OF engravers or prin-
tiers, and other valu4b e things belonging to his
department, and the Comptroller shall from time
to time furnish the necessary furniture, station
cry. fuel, lights and other pro3er eonv,niences