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ACT OF JULY 4, 1836.
CHAP. CCCLIII.-An act in addition to the act entitled 5 Stat. L., “An act making appropriations, in part, for the sup- [Obsolete.] port of Government, for the year eighteen hundred and thirty-six, and for other purposes.
1836, ch. 7.
Approved, July 4, 1836.
SEC. 10. And be it further enacted, That the duties and powers of the commissioners of the sinking fund hereby suspended until revived by law, and that the fund records of the commissioners be transferred to the custody of the Secretary of the Treasury, who is hereby authorized and directed to pay out of any money in the Treasury not otherwise appropriated any outstanding debts of the United States and the interest thereon.
Duties and powers of the commissioners of the sinking transferred to the Secretary of the Treasury
ACT OF OCTOBER 12, 1837.
CHAP. II.-An act to authorize the issuing of Treasury 205 Stat. L.,
Be it enacted by the Senate and House of Representatires of the United States of America in Congress assembled, That the President of the United States is hereby dent to cause authorized to cause Treasury notes for such sum or sums Treasury notes as the exigencies of the Government may require, but not for not exceed exceeding, in the whole amount of notes issued, the sum 000, and not of of ten millions of dollars, and of denominations not less nation than than fifty dollars for any one note, to be prepared, signed, and issued in the manner hereinafter provided.
Notes to be reimbursed and
SEC. 2. And be it further enacted, That the said Treasury notes, authorized to be issued by the first section of redeemed after the expiration this act, shall be reimbursed and redeemed by the United of one year. States, at the Treasury thereof, after the expiration of one year from the dates of the said notes respectively; from which said dates, for the term of one year, and no longer, they shall bear such interest as shall be expressed Notes to bear upon the face of the said notes; which rate of interest as is expressed upon each several issue of the said notes shall be fixed by the Secretary of the Treasury, by and with the advice and approbation of the President; but shall in no case, exceed the rate of interest of six per centum per annum. the rate of 8
on their face.
Interest in no case to exceed
The reimbursement herein provided for shall be made at the Treasury of the United States to the holders of the said notes respectively, upon presentment, and shall include the principal of each note, and the interest which may be due thereon at the time of payment. For this reimbursement, at the time and times herein specified, the faith of the United States is hereby solemnly pledged.
(Section 3 provides that the said Treasury notes shall be signed by the Treasurer and countersigned by the Register of the Treasury, and that those officers shall keep separate accounts thereof, as checks upon each other.)
SEC. 4. And be it further enacted, That the Secretary ury to cause a of the Treasury is hereby authorized, with the approba
of the Treas
portion of said
notes to be is- tion of the President of the United States, to cause to be
sued in pay
ment of debts issued such portion of the said Treasury notes as the
to such as
choose to re- President may think expedient, in payment of debts due
ceive them, etc. by the United States to such public creditors or other
persons as may choose to receive such notes in payment,
The Secretary as aforesaid, at par. And the Secretary of the Treasury ury authorized, is further authorized, with the approbation of the Presi
of the notes, etc.
credit dent of the United States, to borrow, from time to time, not under par, such sums as the President may think expedient, on the credit of such notes.
The notes SEC. 5. And be it further enacted, That the said Treasdelivery and ury notes shall be transferable by delivery and assignment endorsed thereon, by the person to whose order the same
shall, on the face thereof, have been made payable.
The Treasury SEC. 6. And be it further enacted, That the said Treas
notes to be re
ceived in pay- ury notes shall be received in payment of all duties and
ment of du
ties, taxes, taxes laid by the authority of the United States, of all
public lands, etc.
public lands sold by the said authority, and of all debts to the United States, of any character whatsoever, which may be due and payable at the time when said Treasury be so offered in payment. And on every such e payment, credit shall be given for the amount of the given for prin- principal and interest which, on the day of such payment,
On every pay- notes
ment of Treasury notes, credit to
may be due on the note or notes thus given in payment.
(Section 7 provides for the accounts to be kept by collectors and other receivers of the public moneys, of Treasury notes received by them, and for the charging and crediting of accrued interest on such notes when paid out by them.)
the Treasury to cause to be repaid the prin
SEC. 8. And be it further enacted, That the Secretary of, Secretary of the Treasury be, and he is hereby, authorized and directed authorized to cause to be reimbursed and paid the principal and in-Imbursed and terest of the Treasury notes which may be issued by virtue cipal and inof this act, at the several time and times when the same, Treasury notes. according to the provisions of this act, should be thus reimbursed and paid. And the said Secretary is further authorized to make purchases of the said notes, at par, for the amount of the principal and interest due at the time of purchase on such notes. And so much of any unappropriated money in the Treasury as may be necessary for that purpose, is hereby appropriated, for paying the principal and interest of said notes.
(Section 9 appropriates for expense of preparing, etc. (Section 10 prescribes punishment for forging notes. (Section 11 prescribes punishment for engraving, etc.
(Section 12 authorizes Secretary to make and issue rules and regulations: "Provided, That nothing herein contained shall be so construed as to authorize the Secretary of the Treasury to reissue any of said notes, but upon the return of the said notes or any of them to the Treasury, the same shall be cancelled.")
the Treasury cause a
SEC. 13. And be it further enacted, That it shall be, and Secretary of hereby is, made the duty of the Secretary of the Treasury to to cause a statement to be published monthly, of the ment to be pubamount of all Treasury notes issued or redeemed, in pursuance of the provisions of this act; and that the power to Power conissue Treasury notes conferred on the President of the act United States by this act, shall cease and determine on 31st December, the thirty-first day of December, eighteen hundred and thirty-eight.
ferred by this to determine on the
Approved, October 12, 1837.
Appropriation to pay Treasury notes.
ACT OF OCTOBER 16, 1837.
CHAP. X.-An act making further appropriations for the 205 Stat. L., year eighteen hundred and thirty-seven.
to arrange and
SEC. 3. And be it further enacted, That the Secretary of the Treas of the Treasury be, and he is hereby authorized, to ar- ury authorized range and settle any of the outstanding transfer drafts settle outstandgiven to transfer moneys to the States under the act of given to transtwenty-third of June, 1836, and which have not been the States unpaid by the depositories upon which they were drawn, June, 1836, ch.
ing drafts fer moneys to
der act 23d
or otherwise arranged and settled by the United States, by receiving such drafts at par in payment of any debts due to the United States, without any allowance of interest for the time the drafts have been outstanding and unpaid, or any other allowance for interest or damages of any description.
Approved, October 16, 1837.
ACT OF MAY 21, 1838.
5 Stat. L., CHAP. LXXXII.-An act to authorize the issuing of Treasury notes to meet the current expenses of the Government.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress as12, 1837, ch. 2. sembled, That the Secretary of the Treasury, with the approbation of the President of the United States, is
Treasury hereby authorized to cause Treasury notes to be issued,
notes to be issued according
theprove according to the provisions of, and subject to, all the consions of act of ditions, limitations and restrictions contained in an act
ch. 2, in place entitled "An act to authorize the issuing of Treasury
notes," approved the twelfth day of October last, in place of such notes as have been, or may be, issued under the authority of the act aforesaid, and which have been, or may hereafter be, paid into the Treasury and cancelled. Approved, May 21, 1838.
Act of May 21, 1838, ch. 82.
ACT OF MARCH 2, 1839.
5 Stat. L., CHAP. XXXVII.-An act to revise and extend "An act to authorize the issuing of Treasury notes to meet the current expenses of the Government," approved the twenty-first of May, eighteen hundred and thirtyeight.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress asSecretary-sembled, That the Secretary of the Treasury, with the cause to be is approbation of the President of the United States, is
sued the re
mainder of the hereby authorized to cause to be issued the remainder of authorized by the Treasury notes authorized to be issued by the act "to act of May 21, 1838, ch. 82. authorize the issuing of Treasury notes to meet the current expenses of the Government," approved the twentyfirst day of May, eighteen hundred and thirty-eight, according to the provisions of said act, at any time prior to the thirtieth day of June next, any limitation in the act
aforesaid or in the act " to authorize the issuing of Treasury notes," approved the twelfth day of October, eight- 1837, ch. 2. een hundred and thirty-seven, to the contrary notwithstanding.
Approved, March 2, 1839.
ACT OF MARCH 31, 1840.
CHAP. V.-An act additional to the act on the subject of 370 5 Stat. L., Treasury notes.
Act of Oct. 12, 1837, ch.
Be it enacted by the Senate and House of Representatires of the United States of America in Congress assembled, That the regulations and provisions contained in the act passed the twelfth day of October, in the year etc., one thousand eight hundred and thirty-seven, entitled "An act to authorize the issuing of Treasury notes," and in the subsequent acts in addition thereto, be, and the same are hereby, renewed, and made in full force, excepting the limitations concerning the times within which such notes may be issued, and restricting the amount thereof as hereafter provided.
notes may be
SEC. 2. And be it further enacted, That under the regu- Treasury lations and provisions contained in said act, Treasury issued in lieu notes may be issued in lieu of others hereafter or hereto- deemed. fore redeemed, but not to exceed in the amount of notes outstanding at any one time, the aggregate of five millions of dollars; and to be redeemed sooner than one year, if the means of the Treasury will permit, by giving notice sixty days of those notes which the Department is ready to redeem; no interest to be allowed thereon after the expiration of said sixty days.
SEC. 3. And be it further enacted, That this act shall continue in force one year and no longer. Approved, March 31, 1840.
ACT OF JULY 4, 1840.
CHAP. XLI.—An act to provide for the collection, safe, Stat. L., keeping, transfer, and disbursement of public revenue.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be prepared and provided, within the new Treasury building now erecting at the seat Government, suitable and convenient rooms for the
Rooms to be provided for
and vaults and
of the Treasurer use safes for the public moneys.