not less than posed of for market value. bonds herein authorized shall be of such denominations, Denomination not less than fifty dollars, as may be determined upon by $50. the Secretary of the Treasury. And the Secretary of the Treasury may dispose of such bonds at any time, at the May be dismarket value thereof, for the coin of the United States, coin or at or for any of the Treasury notes that have been or may hereafter be issued under any former act of Congress, or for United States notes that may be issued under the provisions of this act; and all stocks, bonds, and other securi-Exempt from ties of the United States held by individuals, corporations, Revised Stator associations within the United States, shall be exempt from taxation by or under State authority. taxation. utes, 3701. and bonds. etc. How signed, SEC. 3. And be it further enacted, That the United Form of notes States notes and the coupon or registered bonds authorized by this act shall be in such form as the Secretary of the Treasury may direct, and shall bear the written. or engraved signatures of the Treasurer of the United States and the Register of the Treasury, and also, as evidence of lawful issue, the imprint of a copy of the seal of the Treasury Department, which imprint shall be made under the direction of the Secretary after the said notes or bonds shall be received from the engravers and before they are issued; or the said notes and bonds shall be signed by the Treasurer of the United States, or for the Treasurer by such persons as may be specially appointed by the Secretary of the Treasury for that purpose, and shall be countersigned by the Register of the Treasury, or for the Register by such persons as the Secretary of the Treasury may specially appoint for that purpose; and all the provisions of the act entitled Provisions of "An act to authorize the issue of Treasury notes," approved the twenty-third day of December, eighteen hundred and fifty-seven, so far as they can be applied to this act, and not inconsistent therewith, are hereby revived and re-enacted; and the sum of three hundred thousand dollars is hereby appropriated, out of any of $300,money in the Treasury not otherwise appropriated, to 000 penses of enenable the Secretary of the Treasury to carry this act graving, etc. into effect. act of 1857, ch. 1, vol. 11, re Appropria for ex posited with the United not less than SEC. 4. And be it further enacted, That the Secretary, May be deof the Treasury may receive from any person or persons, States Treas or any corporation, United States notes on deposit for ury in sums of not less than thirty days, in sums of not less than one $100, and cerhundred dollars, with any of the assistant treasurers or ing 5 per cent designated depositaries of the United States authorized therefor. tificates bear Interest issued Mar. 2, 1867. be withdrawn. by the Secretary of the Treasury to receive them, who See act of shall issue therefor certificates of deposit made in such form as the Secretary of the Treasury shall prescribe, and said certificates of deposit shall bear interest at the rate of five per centum per annum; and any amount of Deposits may United States notes so deposited may be withdrawn from deposit at any time after ten days' notice on the return of said certificates: Provided, That the interest on all such deposits shall cease and determine at the pleasure Aggregate of of the Secretary of the Treasury: And provided further, exceed $25,- That the aggregate of such deposit shall at no time exceed the amount of twenty-five millions of dollars. Sec. 5. And be it further enacted, That all duties on and demand imported goods shall be paid in coin, or in notes payable on demand heretofore authorized to be issued and by Revised Stat- law receivable in payment of public dues, and the coin so paid shall be set apart as a special fund, and shall be applied as follows: deposits not to 000,000. Duties to be received in coin notes. utes, 3473. Coin, how used to pay interest. Revised Stat utes, 3694. First. To the payment in coin of the interest on the bonds and notes of the United States. Second. To the purchase or payment of one per centum To create a of the entire debt of the United States, to be made sinking fund. Revised Stat- within each fiscal year after the first day of July, eight utes, 3689. 352. een hundred and sixty-two, which is to be set apart as a sinking fund, and the interest of which shall in like manner be applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct. Third. The residue thereof to be paid into the Treasury of the United States. (Sections 6 and 7 prescribe penalties for forging, etc., Treasury notes or bonds, and for using, engraving, etc., plates in similitude; or for selling or bringing into the United States, or having plates or blank notes in possession, etc.) Approved, February 25, 1862. ACT OF MARCH 1, 1862. 12 Stat. L., CHAP. XXXV.-An act to authorize the Secretary of the Treasury to issue certificates of indebtedness to public creditors. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury be, and he is tificate of indebtedness authorized. hereby authorized to cause to be issued to any public Issue of cercreditor who may be desirous to receive the same, upon requisition of the head of the proper department, in satisfaction of audited and settled demands against the United States, certificates for the whole amount due or parts thereof not less than one thousand dollars, signed by the Not less than Treasurer of the United States, and countersigned as may be directed by the Secretary of the Treasury; which certificates shall be payable in one year from date or earlier, When payat the option of the Government, and shall bear interest at the rate of six per centum per annum. Approved, March 1, 1862. ACT OF MARCH 17, 1862. CHAP. XLV.—An act to authorize the purchase of coin and for other purposes. $1,000. Six per cent. interest. 12 Stat. L., 370. coin with any States Revised Stat Certificates of may be issued checks, etc. Be it enacted by the Senate and House of Representatires of the United States of America in Congress assembled, That the Secretary of the Treasury may purchase Purchase of coin with any of the bonds or notes of the United States, United bonds or notes authorized by law, at such rates and upon such terms as authorized. he may deem most advantageous to the public interest; utes. 3700. and may issue, under such rules and regulations as he indebtedness may prescribe, certificates of indebtedness, such as are to holders of authorized by an act entitled "An act to authorize the Secretary of the Treasury to issue certificates of indebtedness to public creditors," approved March first, eighteen hundred and sixty-two, to such creditors as may desire to receive the same, in discharge of checks drawn by disbursing-officers upon sums placed to their credit on the books of the Treasurer, upon requisitions of the proper Departments, as well as in discharge of audited and settled accounts, as provided by said act. made recely gal tender as under act of 1862. Revised Stat utes, 3589. SEC. 2. And be it further enacted, That the demand Demand notes notes authorized by the act of July seventeen, eighteen able and a lehundred and sixty-one, and by the act of February notes issued twelfth, eighteen hundred and sixty-two, shall, in ad- February 25, dition to being receivable in payment of duties on imports, be receivable, and shall be lawful money and a legal tender, in like manner, and for the same purposes, and to the same extent, as the notes authorized by an act entitled -An act to authorize the issue of United States notes, and for the redemption or funding thereof, and for fund the Treasury ing the floating debt of the United States," approved February twenty-fifth, eighteen hundred and sixty-two. Secretary of SEC. 3. And be it further enacted, That the limitation receive depos upon temporary deposits of United States notes with its of Treas any assistant treasurers or designated depositaries, amount of authorized by the Secretary of the Treasury to receive authorized to ury notes to $50,000,000. new notes in such deposits, at five per cent. interest, to twenty-five millions of dollars, shall be so far modified as to authorize the Secretary of the Treasury to receive such deposits to an amount not exceeding fifty millions of dollars, and that the rates of interest shall be prescribed by the Secre tary of the Treasury not exceeding the annual rate of five per centum. May issue SEC. 4. And be it further enacted, That, in all cases place of those where the Secretary of the Treasury is authorized by law Revised Stat- to reissue notes, he may replace such as are so mutilated worn out. utes, 3580. 382. or otherwise injured as to be unfit for use with others of the same character and amount; and such mutilated notes, and all others which by law are required to be taken up and not reissued, shall, when so replaced, or taken up, be destroyed in such manner and under such regulations as the Secretary of the Treasury may prescribe. Approved, March 17, 1862. ACT OF APRIL 21, 1862. 12 Stat. L., CHAP. LIX.-An act to establish a branch mint of the United States at Denver, in the Territory of Colorado. Branch mint to be deposit moneys. SEC. 5. And be it further enacted, That said branch for public mint shall be a place of deposit for such public moneys as the Secretary of the Treasury may direct. And the superintendent of the said branch mint, who shall perform the duties of treasurer thereof, shall have the custody of the same, and also perform the duties of assistant treasurer; and for that purpose shall be subject to all the 1846, ch. 90. provisions contained in an act entitled "An act to provide for the better organization of the treasury, and for the collection, safe-keeping, transfer, and disbursement of the public revenue," approved August six, eighteen hundred and forty-six, which relates to the treasury of the branch mint at New Orleans. Vol. IX, p. 59. Approved, April 21, 1862. ACT OF JULY 1, 1862. CHAP. CXX.—An act to aid in the construction of a railroad and telegraph line from the Missouri River to the Pacific Ocean, and to secure to the Government the use of the same for postal, military, and other purposes. (Section 1 creates the corporation of the "Union Pacific Railroad Company" and prescribes details of management, etc. (Section 2 grants right of way. (Section 3 grants alternate sections of land on each side of railroad except mineral lands, etc. (Section 4 prescribes conditions upon which patents shall issue.) 12 Stat. L., 489. Government bonds. See section 8, section 10. act 1864; also Now 20 miles. Section. 10, 1864. utes, 3689. 11 $48,000 per mile. SEC. 5. And be it further enacted, That for the purposes herein mentioned, the Secretary of the Treasury shall, upon the certificate in writing of said commissioners of the completion and equipment of forty consecutive miles of said railroad and telegraph, in accord- Revised Statance with the provisions of this act, issue to said company bonds of the United States of one thousand dollars each, see section fr payable in thirty years after date, bearing six per centum $32,000 and per annum interest (said interest payable semi-annually), which interest may be paid in United States Treasury notes or any other money or currency which the United States have or shall declare lawful money and a legaltender, to the amount of sixteen of said bonds per mile for such section of forty miles; and to secure the repayment to the United States, as hereinafter provided, of the amount of said bonds so issued and delivered to said company, together with all interest thereon which shall have been paid by the United States, the issue of said bonds and delivery to the company shall ipso facto constitute a first mortgage on the whole line of the railroad Lien of and telegraph, together with the rolling-stock, fixtures, bonds and property of every kind and description, and in con- See section sideration of which said bonds may be issued; and on refusal or failure of said company to redeem said bonds or any part of them, when required to do so by the Secretary of the Treasury, in accordance with the provisions of this act, the said road, with all the rights, functions, immunities, and appurtenances thereunto belonging, and also all lands granted to the said company by the United States, which, at the time of said default, shall remain in the 15712-10-12 United States subordinate. 10, act of 1864. |