, 1870-03-15
THE Fun DING BILL.
Text of Shs rnsa ants Rtl1 ns Passed by
tho Senntes

The following is the Fupdlng I'LL ns passed by
tie sera.e:
Tha'. tor The parpose Of funding the eebt Of the
he secreislT q the Treasuly os, ard he IL HEREBY
authcr'zft, to isrue, on the credit OF tue Uolted
coupoI 4 Or ~. ana5 - 19ad Of s9cn
= e a@Ssns IN no coin e
gsss q s1S s1 @e sser In as
and payabe 10 coin in lotty years from date, aud
bes15 interest .: @ 1Se . Esse q Per Sent19 ner
bords inus authorized msJ be disposed Of At tae
discretion OF The Secretary, nnder such ce<ua.
S,a es or elseH here, at not less than thels par
saine, for coin, or they naJ 10 exchanged tor
ss}e - p.r s.iae rcsesosrs ssued II and ~
the nve-twenty DO. d., and for 20 other parpo.e;
sId TIE ptoeeeds Ct 70 u. nuc1 m 'n:leoi q, ~ ma b
tury. to b .u.ed for the tedempaon Of suc16
rer eentum boz d. At pa, ~ nsv rot Re offered IN
nn1 have been u.ed tor taat purprse.
&c. : And I'd os - Z Ja.t5<, t"aeftd, Tat tne sec-
ss = % a sn Ia credit Il .ne naed
ot t4ootoo,ooo, Of s1eh detomlnas,ons, rot less
than 90, a ne nay think proper, redsen.e1e n
United States 1t an1 time atteF fifteen years. aod
pesps nos PER
aunnm. pa'Ao!e * semtanIuAl!1, and the 30. d. az
thol,zed By tnA tection 1ay be d,apo.ed q under
shall BE, cr1oe, In tue u1ited . ases Of else- =!
1t not less nan Pr for r., c0a:
q sly lnt5 st s IL outsts1e,ns ools4tlos. Of
1ne u1i.ed s;azea bearing n'gnes ~ Of interest
n eor sEd tns p'oeeeds o. saca e2sdc ~ =. ms, &c &c
bA cted ior the redemption of such obligations
sa1r iLst1es1 to cetn as, BY the terms Of Issue
| are er NAV become redeenaole or parable. or 70
replace snch cain as may have bcen used for tnas
rufpAe.
At he W. tLa IND ID hal
lzeo 10 lssue, on tue credit Of the Url ed Sta,ea,
ftom line 10 tine, coupon or Registered bonds Of
s, .sRn e1Sp ne s'
00e, tedee naLle II coin, a. tue pleasure OF the
n s9y
nun, pssaeie semi .nnuslls il csin; ao1 such
stn,ea or cisewhere, At rot LEES Than taelr pat
value for colD, q, atshe discretion Of tue secEe-
cnanped At ros ie.a 1ese pas % tor soy d the oon-
rsso1s Of the United states oa'aanalug II tue
q ;ae :Ps ot sasa ~ { y r.
thought adSiaaoe 10 !atue larger anonut Of
ger cent oonaa fos any q tae purposes herein. o.
hereby authorized: nrorided. That tnere snail be
. States IN Consequence OF any tsaoe authorized by
this act
bonds and ths annual tncnnse thereon, author zet
BY the act snall be Exempt nom all TAXATION py or
! urdet national, STATE, MUNICIPAL AID loeal au-
: : sEc.6 And bt II further enaetei TnAs rhs s:e-
\ rets,y Ct me Treasury be, 400 % T. heeenT a.:
r. 9fR2ns s1sa Sa ns1 N sns
TO sd IN the reRostattoa Of said bocdt, and %
\ mar adver:ise the loan herein authorized AID the
M IN this country 4nd In Eurone al he may aelect
Tor that purpose, and sum not exceeding one
n.Is5; sP spslopsi4ea ed to psy III e1psne
r OF pteeart1 s, ssutng, and tlsposnE OF tue eane
T. &c. & And tt t'u,satr enacted. TuAt ID ordel
to chr1J into execution the plorisoul Of 1ue 0:tu
= .cc:ion Of tne act ent.lIed An act 70 s7taor.z:
the issue Of Cnl,ea states no.es: aad for The e
aea:iss H9t aeos ! Of ias Tinted .ss*" .ppfeve
" ~ Fehxnxr3 - 1853 relating TO the tlattcE foud
as1ey Ppo 81 q
~ oIo annually, when snm durtux each dseal Yea
~ shall be applled 70 the PAYMENT q ne 'n'erss
q e'pal s1a q ,he P soors dsss .nd IL ust::
p; p; siates bo:ds no. held a the aostns foSd
Of Treasun snall se cancelled and deseo1ed, Dc
ea taed record tneteo! being dtss made Ia the boo!
o. the Treasury Department. ara ne bond
ako nanIer 10 cancelled ard dest1nJed. ard
u uY e1d detailed account OF tne apelcaton Of II
nsTen q xsS Il
snnua, report, atd The agEEeFs1e amount of u
bords catee!'ed ard deluvsed anau ~ Be M stated |
the Moctn1y AtAteueut Of the public oeot.
/. .tttr lne a.ar daJ oi October. 1s:A tsgstess
IL.
sod lnousa1 dollsrr, issued uEdct the pro.1toas
sh. this set, ard no o;her, stali b deponted VII
3Ee be noes issed to % ise Nsaona. Baakiax A;.o
s1o | A.tors for ctcu1acop under N act entitled "
psaRe o nc ~ Tated sssses oonas and % or
ot vide 1e1 ~ cisenia.oo ard redsup.ioa AsEsoi;
ere liz Afsoe'aGopt orKtnlzsd u1der sa1d act, or ~
ter. amrr drent theieo The oouts Of wn:ca arc me
4 ,eocemso:e, bJ .neiE ternh, atd ~ they bhl
~ IN 1pe,1sea 70 depos!s bonds s.uea uadeF % .hs
tbs IS security for trtI Circulating noses Wit
enc ssr from - 'he s,,sst az o q wn,ss se
AS rant to ,sere no:es fos circulation ihall
and forfeited, ard the Treasurer and the couDteotl
the 10 taSe sueh freasanss Il may be pecsssa1y
IN csl in ana des1roy the.r o1tracdlog c,rtalatu
1ost 10 1he associaton, y which ,se, xtfe
IN sun. OF tos eka II ~ &. .ooa, provided that 3
ou- enen steoc:auon Ios IN e5,s esee nas. 9poo z
iii Currercy. By resolution Of the Beard Of hsccso
rsue deposit icGk-tende1 Eo:cs with TIC Treasurer
ths TX efcnlsaoO. asd tafe ~ me eoads p!ede
sse9 IL ii redemption; nd rror,dcl tu5tA<r. II
Q, M ssn1 81 suen secaztsJ snai be Of sitaer
.ha The cixIsea Of bones he1coJ authorized. oo va
,;ou TIC naxinuu rats OF interest Il n1ed at ~ &
Il Il SIC, S And u il Jarthrr tnxcsai, Thss
lnfn ame mt Ct circulating uotss rhca anI bank q
receire from tue Comptroller Of this Currency,
= tn det tie E,pesioes of Seccou 81 OF sa'd act,
.oos. | toual but ppt exceed 50 per ceutam OF the
Ftssa pe 1ne nc IL hmosp: to wnca suca b
rnch | maj te entitled uLd.t 8a!d sec ion.
Iuo1. SEC q And & il rurtA,T sAaesA, Taat aoy o.
,stds | rg kecc:1ton pfEanfEed or 70 oe o4kaa4
laent | der the Eattcnal ColTeccJ ecs, ana sae I
took1 amen d8soty the1to5 NAY upon oeposl:X w!ta
flpm Treasurer Cnited st4tea nosa 70 AuJ a.u
atant moi lens lnan Sss.eea, recel1e - e
3; 70 apcpnt OF feSts+efed ooaca Of Soe loIeo o.
70 eo- Of the Rtnd Apa es5fptfon PROVIDED lo ~
uou cf this Act. II u1zy deposit tna k1u1e
Chap. The seeurJ Tor cl1ca.a1tnE notea: ana heseu
| such papktrg as4octauou shall b eu1stca to
aud tbsN receive circulating noses upon te
ard con dit1ona and y tae e1sses pSot.oed n
,.day. ssla n.,ee nf ~ ses7re%,r
Ter 1t 70 ~ - r. .ss1 49,.
Ones nhAGUa4 lua1sos .tr.r,. trr ra,Ss
ntnd- t1aeo' "e w.; ,n,e :. c1+cn an enn.1 amo11
un,,ed statea note1 snsl ea c1neaNtd AK
s:royed+