sued or re published SEC. 21. And be it further enacted, That it shall be, and Amount 1shereby is, made the duty of the Secretary of the Treasury deemed to be to cause a statement to be published monthly of the monthly. amount of all Treasury notes issued or redeemed in pursuance of the provisions of this act; and that the power to issue Treasury notes conferred on the President of the United States by this act shall cease and determine six months after the exchange and ratification of a treaty of peace with the Republic of Mexico. Congress at SEC. 22. And be it further enacted, That it shall be the Report to duty of the Secretary of the Treasury to report to Con- each session. gress at the commencement of each session the amount of Treasury notes which have been issued under the provisions of this act, the amount redeemed, and the manner in which redeemed, the amount purchased and of whom, and at what time purchased, and the amount reissued, stating in lieu of which redemption they are reissued, with the date of such reissue, during the preceding year. Approved, January 28, 1847. ACT OF FEBRUARY 9, 1847. CHAP. VII.—An act to provide for the payment of any interest, falling due, on the public debt. 9 Stat. L., 123. interest on the Be it enacted by the Senate and House of Representa- Payment of tires of the United States of America in Congress assem- public debt. bled, That the Secretary of the Treasury be, and he is hereby, authorized and directed to cause to be paid, out of any money in the Treasury not otherwise appropriated, any interest falling due, or accruing on, any portion of the public debt authorized by law. Approved, February 9, 1847. ACT OF MARCH 31, 1848. CHAP. XXVI.-An act to authorize a loan not to exceed the sum of sixteen millions of dollars. (Section 1 authorizes the President to borrow on the credit of the United States, within one year from the passage of this act, a sum not exceeding sixteen millions of dollars, at a rate of interest not exceeding six per cent, and reimbursable at any time after twenty years from July 1, 1848.) Certificates of stock. How sold. SEC. 2. And be it further enacted, That the Secretary of the Treasury be, and he is hereby authorized, with the consent of the President of the United States, to cause to be prepared certificates of stock, which shall be signed by the Register of the Treasury, and sealed with the seal of the Treasury Department, for the sum to be borrowed as aforesaid, or any part thereof, bearing an interest not to exceed six per centum per annum, and transferable and reimbursable as aforesaid, and to cause said certificates of stock to be sold: Provided, That no part of said stock be Coupons for sold below par: And provided, also, That, whenever required so to do, the Secretary of the Treasury shall cause to be attached to any certificate or certificates to be issued under this act, coupons of interest; and any certificate having such coupons of interest attached to it, may be Certificates transferable by delivery of the certificate, instead of bedelivery. ing assignable on the books of the Treasury; but no certificate of stock shall be issued for a less amount than fifty dollars. interest. transferable by stock when plus funds in (By section 3 the Secretary of the Treasury is directed, before disposing of this stock, to advertise for sealed proposals, to be handed in after not less than twenty nor more than sixty days, and in the advertisement to state the amount required and the conditions fixed for its payment into the Treasury. (Section 4 pledges the faith of the United States for the provision of sufficient revenues to secure the payment of the interest and redemption of the principal.) Purchase of SEC. 5. And be it further enacted, That the Secretary there are sur- of the Treasury be, and he is hereby, authorized to purthe Treasury. chase, at any time before the period herein limited for the redemption of the stock hereby created, such portion thereof at the market price, not below par, as the funds of the Government may admit of, after meeting all the demands on the Treasury; and any surplus that hereafter may be in the Treasury is hereby appropriated to that object. (Section 6 provides for a report to be made to Congress of all transactions under this act, in language identical with that of section 6 of the act of April 15, 1842.) Approved, March 31, 1848. ACT OF SEPTEMBER 9, 1850. 446. CHAP. XLIX.-An act proposing to the State of Texas the Stat. L., establishment of her northern and western boundaries, the relinquishment by the said State of all territory claimed by her exterior to said boundaries, and of all her claims upon the United States, and to establish a territorial government for New Mexico. Ten million dollars in stock cent interest to therefor. SECTION 1. Clause fourth. The United States, in consideration of said establishment of boundaries, cession of bearing 5 per claim to territory, and relinquishment of claims, will pay be paid to Texas to the State of Texas the sum of ten millions of dollars in a stock bearing five per cent. interest, and redeemable at the end of fourteen years, the interest payable halfyearly at the Treasury of the United States. issued when have accepted tions, and United States Proviso. Fifth. Immediately after the President of the United, Stock to be States shall have been furnished with an authentic copy Texas shall of the act of the general assembly of Texas accepting these proposi these propositions, he shall cause the stock to be isued in President of favor of the State of Texas, as provided for in the fourth notified thereof. article of this agreement: Provided, also, That no more than five millions of said stock shall be issued until the creditors of the State holding bonds and other certificates of stock of Texas for which duties on imports were specially pledged, shall first file at the Treasury of the United States releases of all claim against the United States for or on account of said bonds or certificates in such form as shall be prescribed by the Secretary of the Treasury and approved by the President of the United States: Approved, September 9, 1850. ACT OF AUGUST 31, 1852. 76. CHAP. CVIII.-An act making appropriations for the 10 Stat. L., civil and diplomatic expenses of the Government for the year ending the thirtieth of June, eighteen hundred and fifty-three, and for other purposes. * ried to sur SEC. 10. And be it further enacted, That where any Unexpended appropriations, moneys shall have remained unexpended upon any appro-when to be car priations by law, other than for the payment of interest plus fund."" on the funded debt, or the payment of interest and reim bursement according to contract of any loan or loans made on account of the United States, as likewise moneys appropriated for a purpose in respect to which a larger duration is specially assigned by law, for more than two years, after the expiration of the fiscal year in which the act shall have been passed, all and any such appropriations shall be deemed to have ceased and been determined, and the moneys so unexpended shall be immediately thereafter carried, under the direction of the Secretary of the Treasury, to the account on the books of the Treasury denomianted the "surplus fund," to remain like other unSurplus fund appropriated moneys in the Treasury, and it shall not plied to other be lawful, for any cause or pretence whatsoever, to transfer, withdraw, apply, or use for any purpose whatever, any moneys carried as aforesaid to the surplus fund without further and specific appropriations by law. not to be ap purposes. 172. 10 Stat. L., CHAP. LXXXIX.-An act to provide compensation to such persons as may be designated by the Secretary of the Treasury to receive and keep the public money, under the fifteenth section of the act of sixth August, eighteen hundred and forty-six, for the additional services required under that act. 1846, ch. 90. 189. (Provides compensation for designated depositaries for payments received by them from miscellaneous. sources other than the transaction of the respective offices for which they were commissioned.) Approved, March 2, 1853. ACT OF MARCH 3, 1853. 10 Stat. L., CHAP. XCVII.-An act making appropriations for the civil and diplomatic expenses of Government for the year ending the thirtieth of June, eighteen hundred and fifty-four. Purchase of United SEC. 9. And be it further enacted, That the Secretary of the Treasury be and he is hereby authorized to purchase at the current market price any of the outstanding stocks of the United States as he may think most advis able, from any surplus funds in the Treasury: Pro- Proviso. vided, That the balance in the Treasury shall not at any time be reduced below six millions of dollars. * Approved, March 3, 1853. * * ACT OF MARCH 3, 1857. 11 Stat. L., 249. CHAP. CXIV.-An act to amend an act entitled "An act to provide for the better organization of the Treasury, 1846, ch. 90. and for the collection, safe-keeping, transfer, and dis-59. bursement of the public revenue." (Section 1 requires disbursing officers or agents to deposit moneys intrusted to them with the Treasurer, or one of the assistant treasurers, or public depositaries, etc.) Vol. IX, p. such deposits. SEC. 2. And be it further enacted, That the Treasurer Custody of of the United States, assistant treasurers, and public depositaries, shall safely keep all moneys deposited by any disbursing officer or disbursing agent of the United States, as well as any moneys deposited by any receiver, collector, or other person which shall be the moneys of or due or owing to the United States, and for a failure. so to do shall be held guilty of the crime of embezzlement of said moneys, and subject to the punishment Penalty. provided for embezzlement in the act to which this is an amendment. (Section 3 requires all persons having moneys of the United States to deposit the sum with the Treasurer, an assistant treasurer, or a public depository, etc., and provides a penalty for failure to comply with the law.) Approved, March 3, 1857. ACT OF DECEMBER 23, 1857. CHAP. I.-An act to authorize the issue of Treasury notes. 11 Stat. L., 257. over $20,000, 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 Issue of not authorized to cause Treasury notes for such sum or sums 000 authorized as the exigencies of the public service may require, but not tions of not to exceed, at any time, the amount of twenty millions of each. dollars, and of denominations not less than one hundred in denomina less than $100 |