Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-03-14
lowing is a full text Of the bill as passed:

Bel 5nacted, d.c That i'll lieu Of that amount
of four per cent. bonds of the United States au-
thOrlZed TO be issued bYthe act of July l1ih 1870
the secretary of the treasury is hereby authorized
and directed to issue the sum not exceeding S100-
0oo'OOo OF coupon bonds Of the UnILed States, of
denominations of S25. $50 800 and equal sums of
eacn said denominations, and redeemdOIe In coin
30 years from date of their issue and bearing in
terest payable semi annually at the rate of four
per cent. per annum, and said bonds shall be ex-
/ enpt from taxation in like manner as those in
/ place OF which they arc to be issued.
! Section 2 That said coupon bonds shall he
made payable to the order OF the person who
shall pay money therfOr, and the name of such
/ person, or his or her assignee, or any subSe-
quent assignee. and his or her residence shall be
registered as owner of such bond in like man
ner as If the same was registered bond, and
such coupon bond shall be transferable only bv
assignmentduly acknowledged before and certified
uhdef seal or the clerk OF state court of record
or federal court or United States commissioner
which assignment shall also be executed in pres
ence of two subscribing witnesses ana such as
signmeut may also be made leaving the uSiue of
the assignee blank, and executed as herein be-
fore provided. the coupon bond shall be trans
ferable by delivery in like manner as it is paya-
bic TO bearer.
Section }. That coupons attached 10 said bonds
shall be payable either in United States legal ten
der notes in coin, at the option of the United
States, and the same shall be paid at any of the
subtreaSurieS and money repositories of the
United States, or at any national bank; and it is
hereby made the duty OF each of said nat.onsl
banks to pay said coupons upon presentation,
without charges, and remit the same TO the treas
ury for redemption; but said national banks shall
only be required to do so on production OF the
proper bond to which the coupon presented snail
have been attached.
Section 4. That the secretary shall keep said
bonds for sale at different subtreasurieS, national
banks, and money repositories Of the United
States and shall dispose of the same at par, and
accrued interest for coin or for United States
legal tender notes at their nominal value, and
such legal tender notes shall be re-issued and
their proceeds and coin received for such bonds
shall be applied to the redemption OF outstanding
bonds OF the United States which redeemabe
and bear the highest rate of interest Of such
bonds.
Section 5. That the provisions of sections s. 704
and 3,705 of the revised statutes of the United
States, authorizing the issue of another bond in
room of any registered bond lost destroyed
are hereby made applicable to bonds to be issued
under this statute, but only in case of loss or
destruction thereof. before the execution OF the
assignment in blank thereon. The secretary of
the treasury is authorized to make such rules
and orders as may be necessary TO carry out the
provisions of this act.
On motion of Mr. Sargent the Joint
resolution recently submitted by him
in regard to Chinese immigration was
taken up so as to be unfinished busi-
ness, tomorrow, when he will address
the senate in regard thereto. After
executive session the senate adjourned.
WEDNESDAY, March 6-House In the
house the Notifications appropriation
bill, considered yesterday in committee
of the whole; passed. The speaker
then called on committees for report.
Mr.. Franklin, from the committee on
public buildings and grounds, reported
a bill for the erection Of public build
ing at Kansas City. Passed; yeas 1854;
nays 70 Mr.. Young, from the same
committee, reported back bill appro-
priating $250,00O for a fire proof build
ing for Il national museum. Referred
to cOmmittnn Of tho whole At the
conclusion OF the morning hour the
speaker laid before the house q mes
sage from the president, returning with
out approval the house bill authorizing
special term of the circuit court Of the
United States for the southern district
of Mississippi, to be held at Scranton,
the second Monday in March.
The house then went into committee
of the whole, Potter in the chair, on
the deficiency appropriation bill No
action was taken. Adjourned.
THURSDAY, March 7-jSe1adte = The
senate received and referred a few bills
of local importance and then took up
the Chinese immigration question, and
pending the discussion the senate adj
Ijourned until Monday
THURSDAY, March 7-House. The
speaker called for committee reports,
after which the house took up the
deficiency appropriation bill, pending
the discussion on which the assembly
adjourned.
FRIDAY, March 6-Senate -Thesmate
received the reports Of numerous COM
mittees and then took up the long bond
bill, pending the discussion of which
the senate adjourned.
FRIDAY: March ouse.-The house
took up as unfinished business the
ante-bellum mail contract claims of the
south. Upon this bill a lively debate
continued throughout the day. No
vote will be reached on the bill or sew
eral days.