National Republican. (Washington City (D.C.)) 1872-1888, 1874-07-23
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LAWS OF TIE UNITED STATES.
PASSED AT THE FIRST SESSION OF TIE
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GENERAL, NATURE, No. Continued. i

EORIY-THlhD CONGhESS.
GENERAL NATURE, No. 64.-CORtinuod.l
Sec. Z. That the sinking commissioner
Of said District arc hereby continued; and it
shall be the duty Of said sinking fund commits.
sioners to cause bonds Of the District of Colum-
bia to be prepared, in sums of fifty and five
hundred dollars, bearing date August first,
eighteen hundred and ssyenty-four, PAYABLE fifty
years after date, bearing interest at the rate Of
three and siXty-five hUndredths per centum
per snnum, payable semi-annuslly, TO De
signed by the secretary and the treasurer OF
said stnking-fuud commissioners and counter a;
signed by the comptroller Of said Dlstrict' ana
sealed as the board may direct; which 6onos
shall be exempt from taxation by teGeral,
State, or municipal authority, engrsESs C snu
printed at the expense of the District OF CoI1H-
bla, and In form not inconsistent herewith
And the faith of the United states Is nsFeOy
pledged that the United states WIZ, Uy proper
proportional appropriations as COu'Su PiSyeu IN
this act, and BY causing to be levied upon
the property within said District such taxes
as will provide the revenues necessary 70 pay
the interest on said bonds as the same may
become due and payable, and create sinking
fund for the payment OF the principal thereof
at maturity. Said bonds shall be numbered
consecUtiyeIy, and registered IN the office of
the comptroiler of said District, and shall siso
be Registered in the Office of the Register Of the
TREASURE Of the United States, for which last
named registration the Secretary Of the Treas
ury shall make such provision as may be
necessary. And said commissioners shall use
all necessary means for the prevention of any
unauthorized or fraudulent issue of any of such
bonds And the said sinking fund commits
s!oners-Cre hereby authorized to exchange said
bonds at par for like sums of any class of in
debtedness in the preceding section of this act
named, including sewer taxes or assessments
paid evidenced by certificates of the auditing
board provided for in this act.
Sec. 5. That the authority conferred on the
board of public works to issue additional GER
tiicatcs Of Indebtedness by section four of the
act OF the legislative assembly approved on the
twenty ninth day Of May, eighteen hundred
and seventy-three, is hereby annulled. No
property shah be advertised for sale or sold for
the collection of any assessment authorized by
the legislative assembly by the act entitled
AN act creating drainage aud sewerage sec
tons in the cities Of Washington and George
town, in the District Of Columbia, and proyid
ing for the payment of the construction of
sewers and drains therein by assessments and
issuing certificates therefor" approved on the
tTenty-siLth day Of June, eighteen hundred
and seventy-three, unit otherwise ordered by
Congress; and it shall be unlawful to issue any
further certificates Of Indebtedness authorized
by said act.
Sec. 8. That no board or commission of
which the governor is ex Offleio Q member 1.-THE
board OF public works eXcepted) shall be abol-
ished by this act, but the members Of the same,
other than the governor, shall constitute such
board or commission.
Sec 10. That the oct of the legislative as
sembly Of the District of Columbia entitled
IAN act to fund unsettled liabilities of the city
Of Washington, and providing for the Issuing
Of the bonds, and levying and collecting taxes
to pay tie same" approved June twentieth, !
eighteen hundred and seveuty-two, is hereby
ratified ard approved; but none of the bonds !
authorized 10y said act remaining unsold shall
be negotiated or sold at less than par.
Approved, June 20, 1874.