Page:United States Statutes at Large Volume 12.djvu/376

 846 '1`HIRTY-SEVENTH CONGRESS. Sess. II. Ch. 33. 1862. hundred millions of dollars, redeemable at the pleasure of the United States after five years, and payable twenty years from date, and bearing interest at the rate of six per centum per annum, payable semi-annually. And the bonds herein authorized shall be of such denominations, not less than fifty dollars, as may be determined upon by the Secretary of the Treasury. And the Secretary of the Treasury may dispose of suph bonds at any time, at the market value thereof, for the coin of the United States, or for any of the Treasury notes that have been or may hereafter be issued under any former act of Congress, or for United States notes that United Sum may be issued under the provisions of this act; and all stocks, bonds, and stocks held with- other securities of the United States held by individuals, corporations, or EK: l{:l:;dcx_ associations, within the United States, shall be exempt from taxation by cmptslmm SMG or under State authority. t=¤=¤¤· Sec. 3. And be it further enacted, That the United States notes and the Form of tres- coupon or registered bonds authorized by this act shall be in such form as $‘”'Y “°*°’ *“‘} the Secretary of the Treasury may direct, and shall bear the written or agzlsiogofggw engraved signatures of the Treasurer of the United States and the Register of the Treasury, and also, as evidence of lawful issue, the imprint of a copy of the seal of the Treasury Department, which imprint shall be made under the direction of the Secretary, after the said notes or bonds _ shall be received from the engravers and before they are issued; or the mgggggqggl said notes and bonds shall be signed by the Treasurer of the United and seated. States, or for the Treasurer by such persons as may be specially appointed by the Secretary of the Treasury for that purpose, and shall be countersigned by the Register of the Treasury, or for the Register by such persons as the Secretary of the Treasury may specially appoint for Provisions ot’_ that purpose; and all the provisions of the act entitled “An act to an- ?$g{’*;‘}857p§l.;·)‘· thorize the issue of Treasury notes,” approved the twenty-third day of ,,,,,,§,,,,l}:m,,J, December, eighteen hundred and fifty-seven, so far as they can be applied pri¤ti<>n· to this net, and not inconsistent therewith, are hereby revived and reenacted; and the sum of three hundred thousand dollars is hereby appropriated,·0ut of any money in the Treasury not otherwise appropriated, to enable the Secretary of the Treasury to carry this act into effect. Sec. 4. And be it further enacted, That the Secretary of the Treasury may receive from any person or persons, or any corporation, United States _ notes on deposit for not less than thirty days, in sums of not less than one °f§g§°fe;;‘ wm hundred dollars, with any of the Assistant Treasurers or designated dethan S400 may positaries of the United States authorized by the Secretary of the Trea- 3** *¤Q°¤*£;°¤ sury to receive them, who shall issue therefor eertihcates of deposit, made °P°°‘t‘ in such form as the Secretary of the Treasury shall prescribe, and said Im,,,, ,,,, d,,, certificates of deposit shall bear interest at the rate of five per centum posits. per annum; and any amount of United States notes so deposited may he _%`p<>¤l¢¤ll¤0W withdrawn fronrdeposit at any time after ten days’ notice on the return wlfnmrfggto of said certificates: Provided, That the interest on all such deposits shall een¤s,&c. cease and determine at the pleasure of the Secretary of the Treasury: Aagrogm act And provided further, That the aggregate of such deposit shall at no time °"§,‘;,°Z‘§*§l§f,; exceed the amount of twenty-five millions of dollars. Duties mins. Sec. 5. And be it further enacted, That all duties on imported goods rsggiycezxxg shall be paid in coin, or in notes payable on demand heretofore authorized mmm nvm_ to be issued and by law receivable in payment of public dues, and the {epa so paid shall be set apart as a special fund, and shall be applied as 0 ows: b Coinhhpwto First. To the payment in coin of the interest on the bonds and notes ° WP ‘ ‘ of the United States. Second. T0 the purchase or payment of one per centum of the entire debt of the United States, to be made within each fiscal year after the first day of July, eighteen hundred and sixty-two, which is to be set apart Sinking t'¤¤d· as a sinking fund, and the interest of which shall in like manner be applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct.