Page:United States Statutes at Large Volume 12.djvu/151

PUBLIC ACTS OF THE THIRTY·SIXTH CON GRESS or mm UNITED STATES, Passed ai the second session, which was begun and held at the of Washington, in the District of Oolumbia, on Mmzday, the third dag qf December, A. D. 1860, and ended on Monday, the fowth dag of March, A. D. 1861. Jams Bucmmm, President. Jomr C. Bnmoxmnrooz, Vice-President, and President of the Senate. WILLIAM PENNINGTON, Speaker of the House of Representatives. Can. I. —An Ac! to auilaorize the Issue of fD·e¤su·»y Notespml for other Purposes. Doc. 17, 1860. Be it enacted by the Senate and House of Rqarermtatives of the United &a¢es q" America in Oongres: assembkd, That the President of [the] United [States] be hereby authorized to cause treasury notes, for such sum 'heuuzy notes, or sums as the exigencies of the public service may require, but not to h°"*°b°i;"*°d· exceed at any time the amount of ten millions of dollars, and of deuomi- mzmom nations not less than fifty dollars for any such note, to be prepared, signed, and issued in the manner hereinafter provided. Sec. 2. And be it further enacted, That such treasury notes shall be 10b0n4am,; paid and redeemed by the United States at the Treasury thereof afier the i¤ 9M yw ¤’¤‘¤¤¤ expiration of one year from the date of issue of such notes; from which mm d°t°‘ dates, until they shall be respectively paid and redeemed, they shall bear such rate of interest as shall be expressed in such notes, which rate of R&t£°fi¤{pz,·eBf interest shall be six per centum per annum: Provided, That, afier the mdwhenimemc maturity of any of said notes, interest thereon shall cease at the expire- *°°°“°· tion of sixty days? notice of readiness to redeem and pay the same, which may at any time or times be given by the Secretary of the Treasury in one or more newspapers at the seat of government. The redemption and _ payment of said notes, herein provided, shall be made to the lawful hold- p¥;‘;“:_°"°°'° ers thereof respectively upon presentment at the Treasury, and shall include the principal of each note and the interest which shall be due _ thereon. And for the payment and redemption of such notes at the time U£f;§hm and times therein specified, the faith of the United States is hereby sol- pledged. emnly pledged. S20. 3. And be it _/ierthor enacted, That such treasury notes shall be _Notes, how prepared under the direction of the Secretary of the Treasury, and shall ¤K¤°d· be signed in behalf of the United States by the Treasurer thereof; and oountersigned by the Register of the Treasury. Each of these officers Amount of shall keep in a book, or books provided for the purpose, separate, full, and ¤°*’°·’ *° b° k°¥*· accurate accounts, showing the number, date, amount, and race of interest of each treasury note signed and oountersigued by them respectively; aud, also, similar accounts showing all such notes which may be paid, revox,. xn. Pm;.-16