United States Statutes at Large/Volume 1/3rd Congress/2nd Session/Chapter 13
[Obsolete.]
Chap. ⅩⅢ.—An Act further extending the time for receiving on loan the Domestic Debt of the United States.
Time for receiving on loan the domestic debt extended till the 31st December next.
Ante, pp. 281, 338, 370.
1790, ch. 34.Section 1. Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That the term for receiving on loan that part of the domestic debt of the United States which has not been subscribed in pursuance of the provisions heretofore made by law for that purpose, be and the same is hereby further extended until the thirty-first day of December next, on the same terms and conditions as are contained in the act, entitled “An act making provision for the debt of the United States.” Provided, That the books for receiving the said subscriptions shall be opened only at the treasury of the United States.
Non-subscribing creditors of U. States to receive for one year five per cent. on their demands.
1790, ch. 34.Sec. 2. And be it further enacted, That such of the creditors of the United States as have not subscribed and shall not subscribe to the said loan shall nevertheless receive during the year one thousand seven hundred and ninety-five a rate per centum on the amount of such of their demands as have been registered or as shall be registered at the treasury conformable to the directions in the act, entitled “An act making provision for the debt of the United States,” equal to the interest which would be payable to them as subscribing creditors.
Approved, January 28, 1795.