United States Statutes at Large/Volume 2/9th Congress/1st Session/Chapter 5
[Obsolete.]
Chap. V.—An Act making provision for defraying any extraordinary expenses attending the intercourse between the United States and foreign nations.
Sum appropriated.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That a sum of two millions of dollars be, and the same is hereby appropriated towards defraying any extraordinary expenses which may be incurred in the intercourse between the United States and foreign nations, to be paid out of any money in the treasury, not otherwise appropriated, and to be applied under the direction of the President of the United States, who shall cause an account thereof to be laid before Congress as soon as may be.
President authorized to cause the money to be borrowed.
Rates of interest.Sec. 2. And be it further enacted, That the President of the United States be, and hereby is authorized, if necessary, to borrow the said sum, or any part thereof, in behalf of the United States, at a rate of interest not 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.
Fund made subject to the reimbursement of principal and the paying of the interest.Sec. 3. And be it further enacted, That so much as may be necessary of the surplus of the duties on imports and tonnage, beyond the permanent appropriation heretofore charged upon them, by law, shall be, and hereby 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.