The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1882-06-28

10 20 per centum OF current market value not
exceeding par. OF United States boDds so trans
total amount Of such notes exceed 90 per centum
OF the amount at such time actually paid of its
capital stock and the provisions of Sections 5l70
5,l56 Of the Revised Statutes are hereby re-
Sec. IL. That the Secretary of the Treasury is
hereby authorized TO receive at the Treasury any
UNI interest, and to issue in exchazee therefor
the actual amount OF registered bonds of the
United States of the denominations OF $50. 500,
500, u 600 and 1000 of such form as he may
prescribe, bearing interest at the rate of per
centum per snnum, payable quarterly at the
Treasury of the United States. Such
taxation by or under Ae State authority
and be payable at the pleasure of the United
states. provided that the bonds herein authorized
bondsof the United States heretofore issued OF
higher rate OF interest thsn three per centum
and which shall be redeemable at the pleasure of
OF the United states, shall be outstanding and
uncalled-the last of SAID bonds originally issued
ana their substitutes shall be first called in-and
tals order of payment shall be followed until all
Sec. II. That the Secretary of the Treasury is
authorized TO, and directed receive deposits of
gold coin with the Treasurer or Assistant Treas
urers OF the United States, in sum not less than
twenty dollars, and to issue certificates therefor
IN denominations of not less than ten dol
denominations of United STATES notes.
The coin deposited for or representing the certif
Gates OF deposit shall be retained in the Treasury
tor payment OF the same demand. Said GER
thcates shall be receivable for customs taxes and
all public dues, and when so received may be re-
issued. and such certificates as also silver ceti-
Gates, when held by any National Banking Asso-
clation, shall be coun ed part of its lawful re-
serve; and no Banking Association shall be a
member OF any Clearing House in which such GER
tlhcate shall not be receivable in settlement of
clearing House balances Provided, that the
secretary OF the Treasury shall suspend the issue
OF such gold certificates whenever the amount of
gold coin and gold bullion in the Treasury re-
served for the redemption of United States notes
falls below $780, 600 QUO and the provisions of See
ton 5,2O7 of the Revised Statutes shall be applica
bic to certificates herein authorized and directed
to be issued
Sec. Ii. That any officer, clerk, or agent of any
National Banking Association, who shall willfully
violate provisions of the act entitled an act in
reference TO certifying checks by National Banks
approved March 5, 1869, being section 52OS of
the Revised Statutes of the United States or who
shall resort by any device or receiving fictitious
obligation, direct or colaterea in order TO evade
the provisions thereof, and who shall certify
checks before the amount thereof shall have been
regularly entered to the credit of the dealer upon
the books Of the Banking Association, shall be
deemed guilty OF a misdemeanor, and shall on
conviction thereof. in any Circuit or District
Oourt OF the united states, be fined not more
than 50 900, or shall be imprisoned not more than
five years or both. in the discretion of the Court
sec IL That Congress may at any time de-
mand, alter or repeal this act and acts of which
this is amendatoTy.