Page:United States Statutes at Large Volume 3.djvu/254
m4 THIRTEENTH CONGRESS. Sess. III. Ch. 56. 1815_ nation less than one hundred dollars, shall be payable to bearer and be transferable by delivery alone,and shall bear no interest; and such of the said notes as shall be of the denomination of one hundred dollars or upwards, may be made payable to order, and transferable by delivery and assignment, endorsed on the same, and bearing an interest from the day on which they shall be issued, at the rate of five and two-fifths per centum per annum; or they may be made payable to bearer, and trans. ferable by delivery alone, and bearing no interest, as the Secretary of the Treasury, with the approbation of the President of the United States, shall direct. HW holdm Sec. 4. And be it further enacted, That it shall be lawful for the of the treasury holders of the aforesaid treasury notes, not bearing an interest, and of ¤°Q¤¤ l>°°"l¤€ the treasury notes bearing an interest at the rate of five and tivo-fifths an m°rw’ and er centum t · t th t t' ‘ ,,0, bu,,,,! an p per annum, o presen em a any 1me, in sums not less interest, may than one hundred dollars, to the treasury of the United States, or to
- `¤¤d *l¤¤¤¤· any commissioner of loans; and the holders of the said treasury notes
not bearing an interest, shall be entitled to receive therefor, the amount of the said notes, in a certificate or certificates of funded stock, bearing interest at seven per centum per annum, and the holders of the aforesaid treasury notes bearing an interest at the rate of five and two-fifths per centum, shall be entitled to receive therefor the amount of the said notes including the interest due on the same, in a like certificate or certificates of funded stock, bearing an interest of six per centum per annum, from the first day of the calendar month next ensuing that in which the said notes shall thus be respectively presented, and payable quarter-yearly, on the same days whereon the interest of the funded debt is now payable. And the stock thus to be issued shall be transferable in the same manner as the other funded stock of [the] United States; the interest on the same, and its eventual reimbursement, shall be effected out of such fund as has been or shall be established by law for the payment and reimbursement of the funded public debt contracted since the declaration of war against Ulgpgghsggezhe Great. Britain.· And the faith of the United States is hereby pledged to pledged for tha establish sufficient revenues and to appropriate them as an addition to the payment or the said fimd, if the same shall, at any time hereafter, become inadequate for certificates, effecting the purpose aforesaid: Provided however, And be it jltrther lsalfggyl and enacted, That it shall be lawful for the United States to reimburse the ' stock thus created, at any time after the last day of December, one thousand eight hundred and twenty-four. Tnmurynsrss Sec. 5. And be it further enacted, That it shall be lawful for the E;:':!;'?';; T· Secretary of the Treasury to cause the treasury notes which, in pursuance ,,_,,,u,,d_ °y ° of the preceding section, shall be delivered up and exchanged for funded stock, and also the treasury notes which shall have been paid to the United States for taxes, duties, or demands, in the manner hereinafter provided, to be reissued, and applied anew, to the same purposes, and in the same manner,` as when originally issued. T,.,,,,,,,,, ,,,,,6, Sec. 6. And be it further enacted, That the treasury notes authorized mgde every- to be issued by this act, shall be every where received in all payments to
- ‘;),g'*;.°
- °;:L'·Hc the United States. On every such payment the note or notes shall be red,,,,,,_ ceived for the amount of both the principal and the interest, which, on the
day of tsulch payment, may appear dge pn such of the notes as shall bear in eres , us given in payment; an the interest on the said notes bearing an interest, shall, on such payments, be computed at the rate of one cent and one half of a cent per day, on every hundred dollars of principal; and each month shall be computed as containing thirty days. _ Interest to be Sec. 7.·And be it further enacted, That any person making payment
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- <l¤I§c;¤;i<};Y;i’· to the United States in the said treasury notes, into the hands of any colup ,0 the pmoj lector, receiver of public moneys, or other public officer or agent, shall,
er payment. on books kept according to such forms as shall be prescribed by the Secretary of the Treasury, give duplicate certificates of the number and
