United States Statutes at Large/Volume 1/3rd Congress/2nd Session/Chapter 25

United States Statutes at Large, Volume 1
United States Congress
Public Acts of the Third Congress, 2nd Session, Chapter 25

Feb. 21, 1795
Chap. ⅩⅩⅤ.—An Act for the reimbursement of a Loan authorized by an Act of the last Session of Congress.

Bank of U. States authorized to lend.Section 1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Bank of the United States be, and the same is hereby authorized to lend to the United States, the whole, or any part of the sum of eight hundred thousand dollars (remaining unapplied) in pursuance of the authority granted to borrow one million of dollars, by the act, intituled 1794, ch. 7.An act making further provision for the expenses attending the intercourse of the United States with foreign nations; and further to continue in force the act, intituled “An act providing the means of intercourse between the United States and foreign nations.

Surplus of certain revenues appropriated.Sec. 2. And be it further enacted, That after reserving such sums as may be sufficient to satisfy prior appropriations, there be further appropriated, in aid of the provision heretofore made, out of the proceeds of the duties which have arisen, or may arise upon carriages for the conveyance of persons; upon licenses for selling wines and foreign distilled spirituous liquors by retail; upon snuff and refined sugar; and upon property sold at auction; which were imposed by acts passed during the last session, and which may be further continued, the present session of Congress, or from the proceeds of such duties or revenues as may be established in lieu thereof, a sum sufficient to the reimbursement, before the year one thousand eight hundred and one, of any loan or loans, which have been, or which may hereafter be made, in virtue of the act aforesaid: And that the faith of the United States be, and the same is hereby pledged, to make good any deficiency of the said duties.

Approved, February 21, 1795.