Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-09-10
fufF1C1AL.I
LAWS OF THE UNITED STATES,
Passed at Second Session Of Forty-nryt Congress
iPCELIc-NO. 1851
M AT 10 authorize the s Tefundins Of the national

iasseo ~ oecono session o1 Forty -dryt Congress
.IPTELIc-No. 1851
AN ACT to authorizs the refundins Of the national
% ~ ssa.tsd ~ ne Senate ard Hons, Of RepreNsn-
,ni'ssS ~ ne 0n't.d States Of Amer,ca CO~sress
hereby authorized TO issue. in sum or sums not ex
lung IN the aggregate two hundred million dol
~ saen form az he sy prescribe, aud OF the denomi
nations 81 nfiy dollars some multiple of that sum
me pieasure OF the unti-i states after ten years
IN GATE OF their issue and bearing INTEREST,"
Eayaoe semi annually in such coin. at the rate VI
i've per cent pr annum: alsO sum or sums MT eN-
ITs 81 Ike bonds the same in all respects. but PAY
az 1T the pleasure Of the United states, after
cen years from the dae Of their issue, and bearing
IL trrest At the of four ard half per cent per
shhnm, also a sum ar sum, not exceeding IN the az
gregate one thousand million dollars OF like bonds
The me IN all respect,, but pay able a. the pleasure
OF The United states, after thirty from the date
per cent. annum. ALI hch said several classes
o. bonds and the interest thereon sh all be exem pit
Ir IN the payment OF ell taxes or duties OF the Uni
ted STATES as well from taxation in any form by
OF under state municipal. or local authority; aud
upon their face the above specified conditions. and
shall, with their coupons, BE- msde paysbI' at the
act or in any other Law now 10 force shall De con
Sdndea debt ~ ,hs unsd state ~ha's'er OF 'n0
SEC Ard BE- 81 fhrfhsy snac,sf. That the Secre-
Of the Treasury is hereb authorized sell
dspse Of any the bonds issued under this act at
not less than their par value for coin, and 10 apply
bonds Of the United states c1tstandmg' and known
a. hve-tweuty bords. at their par value or he NAV
fer par; but the bonds hereby authorized shall be
used for no o.her purpose whatsoever. And sum
herein authorized is hereby prated to pay the
expense OF prep :ring issuing, adfertsing and dis
SEC. 5. IHd D. u further enacted. That the pay
ment Of of the bonds hereby authorized after
and thirty years shall be made in amounts 10 be de-
srmined from time TO time BY the Secretary of the
10 be distinguished and described by the date and
Numbers, beginning for each successive payment
ber.d Of the time OF which intended payment or
public notice. and the interest the particular
bonds selected any time 10 be paid shall ceass
at the expiration OF three months from the date Of
SEC. 4. Asd BE- VI further ssa.tsd. That the
with any coin in the treasury Of the Usited State:
which ne may syfaiiy apply to snch purpose: or
bonds the issue Of wrch provi for in this act
70 pay at par and cancel any six cent. bond, "a
bonds, which have become or shall hereafter become
receemable by the te. ms Of theie issue But the
IL ali case. be Indicated and specified By ciaSs. dste
and number, in the o-deIl of their numbers and
in public notice to be given by the Secretary of the
Treasury and in three months after the date sach
and advertised to be paid shall celse
Ssc, 5 Ard be ittmth.r anacisd. That the Secre-
tsry of the Treasury ID hereby authorized, at any
time Within tso yeas from the Psss.ge Of this act
for not le than thirty days in of less than
one hundred dollars, with the Treasurer, any
distant Il Of the United States authorized by
The Secretary OF the Treasury to receive the same
who shall issue therefor certificates OF posit, abe
IN such form as the sesrsts,y OF The Treasury shal
interest at rate not exceeding two aud half p
desosied may be Wthrsw fr"m depo.i. 's At as ~
time after thirty days from the date of deposit
said esrteates P9Srfd That f the roi infsre,
on Gil such deposits shall cease and deter
Treasury And not less than twenty five per cent.
81 the coin deposited for represented by said
for the ment Of said certificates; aud ths excess
Lsyond twenty h'e per cent may BE- applied at the
p,l ment OF redemption of such outstanding bonds
Of IT, United States heretofore led ard known as
the hve-t~eny bonds as Re may designate under the
provisions Of the fourth section of this act ami ny
certificates OF deposit issued a, aforesaid may be
payment tor any bonds authorized to be issusl by
SEC: q. Ind Be ,tfBrtatT ,Nnctsd. That the United
Siste bonds purchased and hello in the treasury
IN secoidance with the provisions relating "a sink
20 authorize the issue United States no es ami
for its rsdenpti.n or funding thereof AID Tor fund
February twenty nth, eighteen hur bred and sixty
two, ard All Other United States bonds which h ave
with surplus iands in tie tres nry, and pow held in
ID and desroyed detailed rescs ' Of o sucS
81 cancelled and de,troyed to lie first made ia
6ends beresiter spplitd to sid shifting fund and
| all other L MED STATES bonds rciee ned p a
manner be recorded cancels lied AID destroyed ard
the amount of the bonds of each class that have been
ey thu s%CuDi Of ch GAS Of the
irg cebt Of the United STATES In addition 70 othe-
payment Of the public debt, an Pmount equal to the
in'srest on all bonds beor ging to tins aforesaid
| sinking fund shall be applied, the Score.
| tary Of the Treasury shall from tins TO Tins
dire to the PAYNE nj Of the publig debt provided
for in section ~ the act AFORESAID And the amour
10 be applied is hereby appropriated annually 10,
that purpose, out Of the receipts for dulles on i'm
! ported goods. IApproyed, July II, $50.