245. [Obsolete.] ACT OF NOVEMBER 10, 1803. 2 Stat. L. CHAP. II.-An act authorizing the creation of a stock, to the amount of eleven millions two hundred and fifty thousand dollars, for the purpose of carrying into effect the convention of the thirtieth of April, one thousand eight hundred and three, between the United States of America and the French Republic; and making provision for the payment of the same. The Secretary ury authorized constituted stock eleven million two and fifty thousand dollars. livery. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assemof the Treas bled, That for the purpose of carrying into effect the conto cause to be vention of the thirtieth day of April, one thousand eight Sorted hundred and three, between the United States of America hundred and the French Republic, the Secretary of the Treasury be, and he is hereby authorized, to cause to be constituted, certificates of stock, signed by the Register of the Treasury, in favour of the French Republic, or of its assignees, for the sum of eleven millions two hundred and fifty thousand dollars, bearing an interest of six per centum per annum, from the time when possession of Louisiana shall have been obtained, in conformity with the treaty ation and de- of the thirtieth day of April, one thousand eight hundred and three, between the United States of America and the French Republic, and in other respects conformable with the tenor of the convention aforesaid; and the President of the United States is authorized to cause the said certificertificates of stock to be delivered to the Government of to be delivered France, or to such person or persons as shall be authorment of France. ized to receive them, in three months at most, after the exchange of the ratifications of the treaty aforesaid, and after Louisiana shall be taken possession of in the name of Credits of the Government of the United States; and credit, or transferable on credits, to the proprietors thereof, shall thereupon be the Treasury. entered and given on the books of the Treasury, in like manner as for the present domestic funded debt, which said credits or stock shall thereafter be transferable only on the books of the Treasury of the United States, by the proprietor or proprietors of such stock, his, her or their attorney; and the faith of the United States is hereby pledged for the payment of the interest, and for the reimbursement of the principal of the said stock, in condemption formity with the provisions of the said convention: Probe shortened. vided, however, That the Secretary of the Treasury may, The cates of stock to the Govern stock to be the books of Period of re may with the approbation of the President of the United States, consent to discharge the said stock in four equal annual instalments, and also shorten the periods fixed by the convention for its reimbursement: And provided also, That every proprietor of the said stock may, until otherwise directed by law, on surrendering his certificate of such stock, receive another to the same amount, and bearing an interest of six per centum per annum, payable quarter-yearly at the Treasury of the United States. able in Europe. Rate of exchange, dollars 2 guilders. SEC. 2. And be it further enacted, That the annual in- Interest payterest accruing on the said stock, which may, in conformity with the convention aforesaid, be payable in Europe, shall be paid at the rate of four shillings and sixpence at 4s. 6d. and sterling for each dollar, if payable in London, and at the rate of two guilders and one half of a guilder, current money of Holland, for each dollar, if payable in Amsterdam. may Interest pro vided for out the Treasury. SEC. 3. And be it further enacted, That a sum equal to what will be necessary to pay the interest which of moneys in accrue on the said stock to the end of the present year, be, and the same is hereby appropriated for that purpose, to be paid out of any monies in the Treasury not otherwise appropriated. 29, 1802, ch. Seven hun to be SEC. 4. And be it further enacted, That from and after Act of April the end of the present year, (in addition to the annual 32. dred thousand sum of seven millions three hundred thousand dollars dollars added to the yearly appropriated to the sinking fund, by virtue of sinking fund. the act, intituled "An act making provision for the redemption of the whole of the public debt of the United States.") a further annual sum of seven hundred thousand dollars, to be paid out of the duties on merchandise and tonnage, be, and the same hereby is, yearly appropriated to the said fund, making in the whole, an annual sum of eight millions of dollars, which shall be vested in the commissioners of the sinking fund in the same manner, shall be applied by them for the same purposes, and stock. -hall be, and continue appropriated, until the whole of the present debt of the United States, inclusively of the stock created by virtue of this act, shall be reimbursed and redeemed, under the same limitations as have been rovided by the first section of the above-mentioned act, -pecting the annual appropriation of seven millions three hundred thousand dollars, made by the same. Commission ers of the sinking fund to redeem the the Treasury to sioners, who Secretary of SEC. 5. And be it further enacted, That the Secretary pay to commis- of the Treasury shall cause the said further sum of seven shall apply the hundred thousand dollars to be paid to the commissioners charge of debt. of the sinking fund, in the same manner as was directed money to dis 247. [Obsolete.] by the above-mentioned act respecting the annual appropriation of seven millions three hundred thousand dollars; and it shall be the duty of the commissioners of the sinking fund to cause to be applied and paid out of the said fund, yearly, and every year, at the Treasury of the United States, such sum and sums as may be annually wanted to discharge the annual interest and charges accruing on the stock created by virtue of this act, and the several instalments, or parts of principal of the said stock, as the same shall become due and may be discharged, in conformity to the terms of the convention aforesaid, and of this act. Approved, November 10, 1803. ACT OF NOVEMBER 10, 1803. 2 Stat. L., CHAP. III.—An act making provision for the payment of claims of citizens of the United States on the Government of France, the payment of which has been assumed by the United States, by virtue of the convention of the thirtieth of April, one thousand eight hundred and three, between the United States and the French Republic. the United President of SEC. 3. And be it further enacted, That the President States to bor of the United States be, and he hereby is authorized to ceeding $1.- borrow, on the credit of the United States, to be applied row not ex 750,000. One million seven hundred sand dollars, at to the purposes authorized by this act, a sum not exceeding one million seven hundred and fifty thousand dollars, at a rate of interest, not exceeding six per centum per annum; reimbursable out of the appropriation made by virtue of the first section of this act, at the pleasure of the United States, or at such period, not exceeding five years from the time of obtaining the loan, as may be stipulated by contract; and it shall be lawful for the Bank of the United States to lend the same. SEC. 4. And be it further enacted, That so much of the and fifty thou- duties on merchandise and tonnage as may be necessary, 6 per cent in- be, and the same hereby is appropriated for the purpose cus- of paying the interest which shall accrue on the said loan. terest, charge able on toms. ACT OF FEBRUARY 24, 1804. CHAP. XIII.—An act for laying and collecting duties on imports and tonnage within the territories ceded to the United States, by the treaty of the thirtieth of April, one thousand eight hundred and three, between the United States and the French Republic, and for other purposes. * SEC. 1. * and the following acts, that is to say, the act, intituled, "An act to establish the treasury department." * "An act to establish a mint and to regulate the coins of the United States." "An act regulating foreign coins, and for other purposes." And the act supplementary to, and amendatory of the two last-mentioned acts, or so much of the said acts as is now in force, * * *, shall extend to, and have full force and effect in the above-mentioned territories: 2 Stat. L., 292. CHAP. XLVI.-An act further to protect the commerce and seamen of the United States against the Barbary [Expired.] powers. SEC. 4. ** thorized to bor United States lend. or if necessary the President of the President auUnited States is hereby authorized to borrow the said row this sum. um, or such part thereof as he may think proper, at a rate of interest not exceeding six per centum per annum, from the Bank of the United States, which is hereby Bank of the empowered to lend the same, or from any other body authorized to or bodies politic or corporate, or from any person or persons; and so much of the proceeds of the duties laid by this act, as may be necessary, shall be and is hereby pledged for replacing in the treasury, the said sum of, See acts of one million of dollars, or so much thereof as shall have 1810 ch.5; been thus expended, and for paying the principal and interest of the said sum, or so much thereof as may be borrowed, pursuant to the authority given in this section; 1809, ch. 7; 1813, ch. 40. be laid before Accounts to and an account of the several expenditures made under Congress. this act, shall be laid before Congress during their next session. 349. Approved, March 26, 1804. ACT OF FEBRUARY 13, 1806. 2 Stat. L., CHAP. V.-An act making provision for defraying any extraordinary expenses attending the intercourse between the United States and foreign nations. [Obsolete.] President authorized to cause money to be * * * * * SEC. 2. And be it further enacted, That the President the of the United States be, and hereby is authorized, if borrowed. necessary, to borrow the said sum, or any part thereof, Rates of in- in behalf of the United States, at a rate of interest not terest. Fund ma de subject to the exceeding six per centum, per annum, redeemable at the will of the Congress of the United States. And it shall be lawful for the Bank of the United States to lend the whole, or any part of the same. SEC. 3. And be it further enacted, That so much as reimbursement may be necessary of the surplus of the duties on imports and the paying and tonnage, beyond the permanent appropriation hereof the interest. tofore charged upon them, by law, shall be, and hereby of principal is pledged and appropriated for the payment of the interest, and reimbursement of the principal, of all such monies as may be borrowed in pursuance of this act, according to the terms and conditions on which the loan or loans may be effected. Approved, February 13, 1806. ACT OF APRIL 18, 1806. L., CHAP. L.-An act to repeal so much of any act or acts as authorize the receipt of evidences of the public debt, in payment for lands of the United States; and for other purposes, relative to the public debt. such acts as Be it enacted by the Senate and House of Representatives of the United States of America in Congress assemRepeal of bled, That so much of any act or acts as authorize the authorize the receipt of evidences of the public debt, in payment for dences of public the lands of the United States, shall from and after debt in payment for land the thirtieth day of April, one thousand eight hundred of April, 1806. and six, be repealed: Provided, That the right of all receipt of evi after the 30th Proviso. |