THIRTY-FIFTH CONGRESS. Sess. I. Ch. 165. 1858. 365 Sm. 5. And be it further enacted, That the Postmaster-General be, P- M- GW? and he is hereby, authorized, to cause the mails to be transported between t°f,uf,`;°},.m; the United States and any foreign port or ports, by steamship, allowing ported between and paying thereibr out of any money in the treasury not otherwise appro- g‘;uU·P%r’;‘d lg';" priated, if by an American vessel, the sea and United States inland post- smm,,mp,’ for age, and if by a fbreign vessel, the sea postage only, on the mails so con- the 8*:1** Mg U- 5E veyed: Provided, That the preference shall always be given to an Amer- Llfgn IK;,Z§Q,fn ican over a. foreign steamship when departing from the same port for the vessel, and for same destination, within three days of each other §”’·g’°$;*S?0?;13g APPROVED, Jl1I1G 14, 1858. vessgl; lpreferg ence to e given ···•** to American crm. cnxv.-An Ad to awww a rgzzlm mmzing the Sum ofTwenty mzzm of “°”‘°°*“PS· O TS. Be it enacted by the Senate and House of Representatives ¢y" the United J““° uv 185* States of America in Congress assembled, That the President of the 1g5s5E1h- 8% §t£· United States be, and hereby is, authorized, at any time within twelve m11g2O;?;;" months from the passage of this act, to borrow, on the credit of the United borrow uoc over States, a. sum not exceeding twenty millions of dollars, or so much thereof E3’é°£3;;’£°·'£;\};' as, in his opinion, the exigencies of the public service may require; to am, 15 ;.,m,’ be applied to the payment of appropriations made by law, in addition to fr<>mJ¤¤- 1, 1859- the money received, or which may be received, into the treasury from other sources: Provided, That no stipulation or contract shall be made to Proviso. prevent the United States from reimbursing any sum borrowed under the authority of this act at any time after the expiration of fifteen years from the first day of January next. Sec. 2. And be it further enacted, That stock shall be issued for the Stock issued amount so borrowed, bearing interest not exceeding five per centum E;;_°%’;bSg$gl_ 5 per annum, payable semi-annually, with coupons for the semi-annual in- P8, c.,m,_;,,t€,m, terest. attached no the certificates of stock thus created, and the Secretary 1>¤y=¤bl¢ S9¤¤i—=~¤· of the Treasury be, and hereby is, authorized, with the consent of the ;gggy’ with°°u' President, to cause certificates of stock to be prepared, which shall be Certineures, signed by the Register, and sealed with the seal of the Treasury Depart- my PNPSYW d ment, for the amount so borrowed in favor of the parties lending the :;0,;;§?,°;_’ an same, or their assigns; Provided, that no certificate shall be issued for e. POS, P 430 less sum than one thousand dollars. ’' Sec. 3. And be it further enacted, That, before awarding said loan, the Loan to be ad- Secretary of the Treasury shall cause to be inserted in two of the public V¤¤'tiS¤d· newspapers of the city of Washington, and in one or more public newspapers in other cities of the United States, public notice that sealed pro- N0¢i¤¤· posals for such loan will be received until a certain day to be specified in such notice, not less than thirty days from its first insertion in a. Washington newspaper; and such notice shall state the amount of the loan, at what periods the money shall be paid, if by instalments, and at what places. Such sealed proposals shall be opened on the day appointed in Propomlsmbe the notice, in the presence of such persons as may choose to attend, and °P°“°d· the proposals decided on by the Secretary of the Treasury, who shall accept the most favorable proposals offered by responsible bidders for said stock. And the said Secretary shall report to Congress, at the com- Secretary to mencement of the next session, the amount of money borrowed under Qipgfézsgsgfss this act, and of whom, and on what terms, it shall have been obtained; meg: of its next with an a.bstra.ct or brief statement of all the proposals submitted for the g°“l°“ d°·"£‘m* same, distinguishing between those accepted and those rejected, `with a mom ’ °' detailed statement of the expense of making such loans : Provided, That dgggldngg tgtm no stock shall be disposed of at less than its par value. less that per. Sxsc. 4. And be it fura!/zer enacted, That the faith of the United States Bith ¤Y H10 is hereby pledged for the due payment of the interest and the redemption gggggd %’Q.t°§s of the principal of said stock. payment. Sec. 5. And be it further enacted, That, to defray the expense of en- m¤gmvi¤g,&°,
