are hereby, appropriated, out of any moneys in the Treasury not otherwise appropriated.
Officers, &c. may, with their consent, be appointed to the clerkships.Sec. 10. And be it further enacted, That the Secretary of the Navy shall, if the same can be done without detriment to the public service, appoint, with their consent, officers of the navy, not above the grade of lieutenants, to perform the duties of any clerkship created by this act, (except as herein otherwise provided,) who shall receive each for their services not more than nine hundred dollars per annum, including their regular pay and rations; but the appointment of any officer in the navy to any of the offices or clerkships in this act, shall in no manner whatever interfere with his grade in the service.
Authority to transfer money, &c., so far as relates to the Navy Department, repealed.Sec. 11. And be it further enacted, That all acts, or parts of acts authorizing the President of the United States, or the Secretary of the proper Department, under his direction to transfer any portion of the moneys appropriated for a particular branch of expenditure in that Department, to be applied to another branch of expenditure in the same Department, be, and are hereby, so far as relates to the Department of the Navy, repealed.
Approved, August 31, 1842.
Statute ⅠⅠ.
[Obsolete.]
Chap. CCLXXXVII.—An Act to limit the sale of the public stock on par, and to authorize the issue of Treasury notes, in lieu thereof, to a certain amount.[1]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,No stock authorized by acts of 21st July, 1841, ch. 3, and 15th April 1842, ch. 26, to be sold below par. That no stock authorized to be issued for a loan, by the act entitled “An act authorizing a loan not exceeding the sum of twelve millions of dollars,” approved July twenty-first, eighteen hundred and forty-one, and the act amendatory of the same, entitled “An act for the extension of the loan of eighteen hundred and forty-one, and for an addition of five million of dollars thereto, and for allowing interest on Treasury notes due,” approved April fifteenth, eighteen hundred and forty-two, shall hereafter be sold below par;Issue of treasury notes authorized upon certain contingencies. and in case the same cannot be sold at or above par, and the exigencies of the public service shall require the same, then and in that case the Secretary of the Treasury shall be, and hereby is, authorized to issue Treasury notes in lieu of so much thereof as cannot be thus negotiated, to an amount not exceeding six millions of dollars.
Time for the issuing of the treasury notes limited.
To be issued under the provisions and limitations of acts of 12th October, 1837, ch. 2, and 31st March 1840, ch. 5.
Proviso.
Amount outstanding not to exceed $6,000,000.Sec. 2. And be it further enacted, That the Treasury notes authorized to be issued by virtue of this act shall not be issued after the time limited by said last mentioned act, being the fifteenth day of April, eighteen hundred and forty-three, for making said loan, and they shall be issued under the provisions and limitations contained in the act entitled “An act to authorize the issuing of Treasury notes,” approved the twelfth day of October, eighteen hundred and thirty-seven, and as modified by the act entitled “An act additional to the act on the subject of Treasury notes,” approved March thirty-first, eighteen hundred and forty: Provided, That the notes authorized to be issued by virtue of this act may, when redeemed, be reissued, or new notes issued in lieu of such as may be redeemed within the time above prescribed for issuing the same, provided that not more than six millions in amount shall be outstanding at any one time under the authority of this act.
- ↑ Notes of the acts authorizing the issuing of treasury notes, vol. 2, 766.
