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479.

ACT OF APRIL 13, 1818.

3 Stat. L., CHAP. LVI.-An act to authorize the payment of certain

425.

certificates.

(This act suspends for the term of two years from its passage so much of the acts of March 3, 1795, and June 12, 1798, as bar from settlement loan office and final settlement certificates and indents of interest; and provides that, upon the presentation at the Treasury and adjustment of such claims, they shall be paid, with interest at the rate of six per cent from the date of the last payment of interest indorsed thereon.)

Approved, April 13, 1818.

NOTE.-By the act of May 7, 1822, having the same title as the above the provisions of the acts of 1795 and 1798 are further suspended for the term of two years and from thence until the end of the next session of Congress. (3 ibid., 697.) And by the act of July 14, 1832, the act of 1822 is revived and continued in force for the term of four years and from thence until the end of the next session of Congress. (4 ibid., 602.)

ACT OF FEBRUARY 4, 1819.

L., CHAP. XIII.-An act to authorize the payment, in certain cases, on account of Treasury notes which have been lost or destroyed.

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assem

proof, bled, That whenever proof shall be exhibited to the satis

On etc., of the loss

of a Treasury faction of the Secretary of the Treasury, of the loss or

note, the Secre

tary, upon destruction of any Treasury note, issued under the

bond, etc., to

pay the amount authority of any act of Congress, it shall be lawful for the said Secretary, upon receiving bond, with sufficient security to indemnify the United States against any other claim on account of the Treasury note alleged to be so lost or destroyed, to pay the amount due on such note, to the person who had lost it, or in whose possession it has been destroyed.

On proof of the loss or de

any certificate

SEC. 2. And be it further enacted, That, whenever proof struction of shall be exhibited, to the satisfaction of the Secretary of of Mississippi the Treasury, of the loss or destruction of any certificate certificate may of Mississippi stock, it shall be lawful to issue to the perbe issued. son who had lost it, or in whose possession it was de

stock. a new

stroyed, a new certificate of the same value with the one

lost or destroyed; the person claiming such renewal com-
plying with the rules and regulations at present estab-
lished at the Treasury Department, for the renewal of
certificates of stock lost or destroyed.
Approved, February 4, 1819.

ACT OF MAY 15, 1820.

CHAP. CIII.-An act to authorize the President of the United States to borrow a sum not exceeding three millions of dollars.

(Section 1 empowers the President to borrow, on the credit of the United States, a sum not exceeding three millions of dollars, at a rate not exceeding five per cent and reimbursable at any time after January 1, 1832, or at a rate not exceeding six per cent, and reimbursable at pleasure, to be applied in defraying any public expenses authorized by law.

(Section 2 authorizes the Bank of the United States to lend the sum, or any part thereof, and further authorizes the sale of certificates of the stock, "Provided, That no stock shall be sold under par."

(Section 3, authorizing the employment of agents in disposing of the stock, follows the terms of section 3 of the act of February 8, 1813.

(Section 4 makes the same sinking-fund provisions as section 3 of the act of March 14, 1812, with the substitution of ten millions of dollars" for eight millions, as the amount of the total annual appropriation for the public debt.)

Approved, May 15, 1820.

(Section 1 empowers the President to borrow, on the credit of the United States, a sum not exceeding five millions of dollars, at a rate not exceeding five per cent, and reimbursable at any time after January 1, 1835, to be applied in defraying any public expenses authorized by law.

3 Stat. L.,

582.

ACT OF MARCH 3, 1821.

635.

CHAP. XXXVIII.-An act to authorize the President of 3 Stat. L., the United States to borrow a sum not exceeding five millions of dollars.

(Sections 2, 3, and 4 are identical with sections 2, 3, and 4 of the act of May 15, 1820, above.) Approved, March 3, 1821.

ACT OF FEBRUARY 19, 1822.

651.

3 Stat. L, CHAP. VIII.—An act authorizing the transfer of certain certificates of the funded debt of the United States.

[Obsolete.]

the funded

creditor States

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress asCertificates of sembled, That the certificates of the funded debt of the debt, issued to United States, which, upon the assumption of the debts upon the as-of the several creditor States, were issued in their favour, their debts, respectively, be, and hereby are, made transferable, according to the rules and forms instituted for the purpose of transfers of the public debt. Approved, February 19, 1822.

sumption of

made transferable.

ACT OF APRIL 20, 1822.

665.

3 Stat. L, CHAP. XXVIII.-An act to authorize the Secretary of the Treasury to exchange a stock bearing an interest of five per cent. for certain stocks bearing an interest of six and seven per cent.

twelve million

dollars, etc.

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress asproposed, to sembled, That a subscription, to the amount of twelve amount of millions of dollars, of the seven per cent. stock, and of

o n

opened at the

the six per cent. stock of the year eighteen hundred and twelve, and also for fourteen millions of the six per cent. stock of the years eighteen hundred and thirteen, fourteen, and fifteen, be, and the same is hereby, proposed: Books to be for which purpose books shall be opened at the Treasury Treasury and of the United States, and at the several loan offices, on May 1, till July the first day of May, one thousand eight hundred and twenty-two, to continue open until the first day of July next thereafter, for such parts of the above-mentioned description of stocks as shall, on the day of subscription, stand on the books of the Treasury, and on those of the Subscripti on several loan offices, respectively; which subscription shall

1, 1822.

to be effected.

by a transfer be effected by a transfer to the United States, in the

of credits and

surrender of manner provided by law for such transfers, of the credit

certificates.

or credits standing on the said books, and by a surrender of the certificates of the stock so subscribed.

(Section 2 provides that for any sum thus subscribed of the six per cent stocks of 1812 and 1813, the subscribers shall be entitled to an equal amount of stock, bearing interest at five per cent and payable quarterly from June 30, 1822, and redeemable at the pleasure of the United States, one-third after December 31, 1830, one-third after December 31, 1831, and one-third after December 31, 1832; and that for any sum subscribed of the seven per cent stock, the subscribers shall be entitled to an equal amount of five per cent stock, bearing interest and dated. as above, and redeemable in like manner after December 31, 1833: Provided, that no reimbursement shall be made of any certificate, except for its whole amount, nor until after six months' notice.

(Section 3 provides that if the subscription authorized by section 1 is not completed by July 1, 1822, the remainder of the amount may be subscribed at any time before October 1, 1822; and that for so much as may be subscribed of the six per cent stocks of 1812, 1813, 1814, and 1815, the subscribers shall be entitled to an equal amount of stock, bearing interest at five per cent and payable quarterly from September 30, 1822, and redeemable after 1830, 1831, and 1832 as above; and that for so much of the seven per cent stock as may be subscribed, the subscribers shall be entitled to an equal amount of five per cent stock, with interest payable as above, and redeemable in like manner after 1833, the same proviso being made as to the conditions of reimbursement.)

Funds pledg

ed for the pay

ment of inter

est and re

principal of the

SEC. 4. And be it further enacted, That the same funds which have heretofore been, and now are, pledged by law for the payment of the interest, and for the redemption ordemption of th reimbursement of the stock which may be subscribed by new stock. virtue of the provisions of this act, shall remain pledged for the payment of the interest accruing on the stock created by reason of such subscription, and for the redemption or reimbursement of the principal of the same. It Commissionshall be the duty of the commissioners of the sinking funding fund to to cause to be applied and paid, out of the said fund, plied the sums yearly and every year, such sum and sums as may be pay the interest annually wanted to discharge the interest accruing on the principal, etc. stock which may be created by virtue of this act. The -aid commissioners are hereby authorized to apply, from time to time, such sum and sums, out of the said fund, as they may think proper, towards redeeming, by purchase or by reimbursement, in conformity with the provisions

ers of the sinkcause to be ap

necessary to and redeem the

the

The part of of this act, the principal of the said stock. And such part vested, etc., con of the annual sum of ten millions of dollars, vested by law priated to pay in the said commissioners, as may be necessary and want

tinued appro

the interest, etc.

ing for the above purposes, shall be and continue appriated [appropriated] to the payment of interest and redemption of the public debt, until the whole of the stock which may be created under the provisions of this act shall have been redeemed or reimbursed.

Rights of nonSubscribers

SEC. 5. And be it further enacted, That nothing in this neither altered act contained shall be construed in any wise to alter,

nor abridged.

abridge, or impair, the rights of those creditors of the
United States who shall not subscribe to the loan to be
opened by virtue of this act.
Approved, April 20, 1822.

ACT OF MAY 3, 1822.

CHAP. XLVII.-An act relating to Treasury notes. Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assem

No Treasury bled, That, from and after the passing of this act, no

notes to be

ment, or paid, Treasury note shall be received in payment on account of

cept

the

or funded, ex the United States, or paid, or funded, except at the Treasury of the United States. Approved, May 3, 1822.

Treasury.

3 Stat. L., 675.

ACT OF MAY 7, 1822.

3 Stat. L, CHAP. CXII.-An act authorizing the payment of certain

696.

certificates.

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assem

So much of bled, That so much of an act, entitled "An act making

the act of

3, 1795, ch. 45, further provisions for the support of public credit and

and of act of

June 12, 1798, for the redemption of the public debt," passed the third

ch. 51, as bars

loan office and day of March, one thousand seven hundred and ninety

final settle

ment certifi five, and so much of the act, entitled "An act respecting

cates, etc., sus

pended for two loan office and final settlement certificates, indents of in

years, etc.

terest, and the unfunded and registered debt, credited on the books of the treasury," passed the twelfth day of June, one thousand seven hundred and ninety-eight, as bars from settlement or allowance certificates, commonly called loan office and final settlement certificates, and indents of interest, be, and the same is hereby, suspended for the term of two years from and after the passing of this act, and from thence until the end of the next session

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