Page:United States Statutes at Large Volume 2.djvu/204

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ICS SEVENTH CONGRESS. Sess. I. Ch. 32. 1892. to be vested in the commissioners of the sinking hind, in the same manner as the monies heretofore appropriated to the said fund, to be applied by the said commissioners to the payment of interest and charges, and to the reimbursement or redemption of the principal of the public debt, and shall be and continue appropriatgd untill the wholeb of this present debt of the United States and the oanswuic may e ma e forreimbursing or redeeming ariy parts or instalments of the principal of the Balances of said debt shall be reimbursed and redeemed: Provided, that after the ¤¤¤¤R¤¤{d<>d ap- whole of the said debt, the old six per cent. stock, the deferred stock, §;’Il°£:Q‘;’}h°‘v the seventeen hundred and ninety-six six per cent. stock and three per ` cent. stock excepted, hall have been reimbursed or redeemed, any balance gféhe surlps anréually approprilated by this actéwhicgs mayireimziin unex en c at the en o srx mont s next succee ing the en o tre calenidar year to which such annual appropriation refersé, shall be carried to the sur lus fund, and cease to be vested by virtue o this act in the ' commissidbers of the sinking fund, and the appropriation, so far as relates to such unexpended balance, shall cease and determine. Appropria- Sec. 2. And be it further enacted, That it shall be the duty of the

  • l'9"°· ‘;m°“Pl Secretary of the Treasury annually, and in each year, to cause to be paid
,,Q,;°,,
dP::,g,.y to the commissioners of the sinking fund the said sum of seven millions

year by the Sec- three hundred thousand dollars, in such payments, and at such times, in ¥I?:;£'m_°€O 3: each year as the situation of the treasury will permit: Provided, that ,,°mm,¤Q,,,,c,s all such payments as may be necessary to enable the said commissioners of the sinking to discharge, or reimburse, any demands against the United States, on fund. account of the principal or interest of the debt, which shall be actually due, in conformity to the engagements of the said states, shall be made at such time and times, in each ear as will enable the said commissioners faithfully and punctually toycomply with such engagement. R¤iml>¤¤*¤¤- Sec. 3. And be it further enacted, That all reimbursements of the Q3";??:;? Tg: capital, or principal of the present debt of the United States, including sem debt, Dfptht, future loans which may be made for reimbursing or redeeming any

 Sift?::, instalments, or parts of the same, and all payments on account of the

mms thfmumag interest and charges accruing upon the said debtshall be made under be made, and the supermtendence of the commissioners of the sinking fund. And it p¤Ym¤¤ls9¤¤¤— shall be the duty of the said commissioners to cause to be applied and g;?";:? :2**;; paid out of the said fund, yearly and every year, at the treasury of the under the direc. United States, the several and respective sums following, to wit: first,

    • 9*1 PY the <>¤¤;; such sum and sums as by virtue of any act or acts, they have heretofore
 ° been directed to apply and to pay: secondly, such sum and sums as may

’ fund. _ be annually wanted to discharge the annual interest and charges accruing prgI;?:;;l°t° ¤gg en any other part of the present debt of the United States, including the applied unda, interest and charges which may accrue on future loans which may be tneaneetinn or made for reimbursing or redeeming any instalments, or parts of the

        • 2 °°mm*"l°¤- principal of the said debt ; thirdly, such sum and sums as may annually bc

°N' rcquigeg tofdischgge any instalment or part of the principal of the present e to the nited States, and of an future loans which maybe made for reimbursing, or discharging the ysame, which shall be actually due and demandable, and which shall not by virtue of this, or any other act, be renewed or prolonged, or reimbursed, out of the proceeds of a new loan: and also it shall be the duty of the said commissioners to cause to be applied the surplus of such fund as may at any time exist, after satisfying the purposes aforesaid, towards the further and final redemption, by payment, or purchase, of the present debt of the United States, including loans for the reimbursement thereof, temporary loans heretofore obtained from the Bank of the United States, and those demands against the United States, under any treaty, or convention, with a foreign power, for the payment of which the faith of the United States has been, or may hereafter be pledged by Congress: Provided, however, that the whole, or any part, of such demands, arising under a