Page:United States Statutes at Large Volume 11.djvu/277

 PUBLIC ACTS OF THE THIRTY-FIFTH CONGRESS on- mz UNITED STATES. Passed at the first session, which was begun and holder: at the (My of Washington, in the District of Columbia, on Monday, the seventh day qf December, 1857, and ended Jlbmlay, the fourteenth dag of June, 1858. Jnms BUCHANAN, President. Jorm C. Bmtcxrmunem, Vice-President, and President of the Senate. BENJAMIN Frrzurmcx was appointed President of the Senate, pro tcmpore, March 29, 1858, and so acted until May 4, 1858. JAMES L. ORB, Speaker of the House of Representatives. CHAP. I.-An Act to authorize the Issue of Treasury Notes. Dec. 23, 1857. Be it enacted by the Senate and House of Representatives of the United 1$,g;fl; ggé 5· States of America in Congress assembled, That the President of the Issue bf hot United States isqhereby authorized to cause treasury notes for such sum °V€{ $20h°90,g00 or sums as the exigencies of the public service may require, but not to ;§,,;§,$;§;i,ng“ O?` exceed, at any time, the amount of twenty millions of dollars, and of not less than denominations not less than one hundred dollars for any such note, to be $100 °“°h· prepared, signed, and issued in the manner hereinailser provided. Sec. 2. And be it jltrt/wr enacted, That such treasury notes shall be How, when, paid and redeemed by the United States at the treasury thereof after the :%;:3 Qing? expiration of one year from the dates of said notes, from which dates, gid, land rg; until they shall be respectively paid and redeemed, they shall bear such g¢¤¤'¤=d· rate of interest as shall be expressed in said notes, which rate of interest upon the first issue, which shall not exceed six millions of dollars of such Filet iSS¤¤=_¤¤¤ notes shall be fixed by the Secretary of the Treasury, with the approba- 3Q °%°;°€§g tion of the President, but shall in no case exceed the rate of six per ilatéorinmrest ceutum per annum. The residue shall be issued in whole or in part, ¤°* °"°" MX P°' after public advertisement of not less than thirty days, as the Secretary °°°§cS;du, how of the Treasury may direct., by exchanging them at their par value for issued. specie to the bidder 01- bidders who shall agree to make such exchange at the lowest rate of interest, not exceeding six per centum, upon the said notes: Provided, That after the maturity of any of said notes, interest Proviso. thereon shall cease at the expiration of sixty days' notice of readiness t I¤°““’$'* ‘”h°“ t0 pay and redeem the same, which may at any time or times be given °°°as6` by the Secretary of the Treasury in one or more newspapers published at the seat of government. The payment or redemption of said notes herein provided shall be made to the lawful holders 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 such payment Faith of the and redemption, at the time or times herein specified, the iaith of the gzgmd gum. ., , gc or them United States is hereby solemnly pledged. redemption. Sec. 3. And be it further enacted, That such treasury notes shall be Form md sigprepared under the direction of the Secretary of the Treasury, and shall “‘°““”· be signed in behalf' of the United States by the treasurer thereoh and ccuntersigned by the register of the treasury. Each of these officers Sepmu M_ shall keep in zi) book or books provided for that purpose separate, full, and counts of each v01.. xr. u1s.—33