United States Statutes at Large/Volume 1/1st Congress/3rd Session/Chapter 16

United States Statutes at Large, Volume 1
United States Congress
Public Acts of the First Congress, 3rd Session, Chapter 16

March 3, 1791.
Chap. XVI.—An Act making an appropriation for the purpose therein mentioned.

$20,000 appropriated for effecting a recognition of the treaty with emperor of Morocco; andBe it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That for the purpose of effecting a recognition of the treaty of the United States, with the new emperor of Morocco, there be, and hereby is appropriated a sum not exceeding twenty thousand dollars, to be paid out of the monies which prior to the first day of January next, shall arise from the duties imposed upon spirits distilled within the United States, and from stills by the act, entitled 1791, ch. 15.An act repealing after the last day of June next, the duties heretofore laid upon distilled spirits imported from abroad, and laying others in their stead, and also upon spirits distilled within the United States, and for appropriating the same,” together with the excess of duties which may arise from the duties imposed by the said act, on imported spirits beyond those which would have arisen by the act entitled “An act making further provision for the payment of the debts of the United States.” President authorized to borrow said money.
1790, ch. 39.
And the President is hereby authorized to take on loan, the whole sum by this act appropriated, or so much thereof as he may judge requisite, at an interest not exceeding six per cent. per annum, and the fund established for the above mentioned appropriation, is hereby pledged for the repayment of the principal and interest of any loan to be obtained in manner aforesaid, and in case of any deficiency in the said fund, the faith of the United States is hereby also pledged to make good such deficiency.

Approved, March 3, 1791.