Page:United States Statutes at Large Volume 12.djvu/562

 532 THIRTY-SEVENTH CONGRESS. Sess. II. CII. 142. 1862. July 11, 1862. Can. CXLH. An Act to authorize an additional Issue of United States 1V0m, and ..;._ for other Purposes. Additional Be it enacted by the Senate and House of Representatives of the United iamé of $15% States of America in Congress assembled, That the Secretary of the 000000 treasur. . . . . . mtg, authorize; Treasury is hereby authorized to issue, in addmon to the amounts heretofore authorized, on the credit of the United States, one hundred and fifty millions of dollars of United States notes, not bearing interest, payable Denominations, to bearer at the treasury of the United States, and of such denominations Nom ,,0,,,, b,, as he may deem expedient: Provided, That no note shall be issued for issued for frac· the fractional part of a dollar, and not more than thirty-tive millions shall §§S:}__l’“"t“ °f°‘ be of lower denominations than five dollars; and such notes shall be To be mmm__ receivable in payment of all loans made to the United States, and of all ble for allduss, taxes, internal duties, excises, debts, and demands of every kind due to fzgiggsdgxmiu the United States, except duties on imports and interest, and oi' all claims mm_&c_ and demands against the United States, except for interest upon bonds, To be hg,} notes, and certificates of debt or deposit; and shall also be lawful money tender. and a. legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest, as aforesaid. And Csrtmcates of any holder of said United States notes depositing any sum not less than d°P°¤i*· fifty dollars, or some multiple of fifty dollars, with the Treasurer of the United States, or either of the assistant treasurers, shall receive in exchange therefor duplicate certificates of deposit, one of which may be Convertible iu_ transmitted to the Secretary of the Treasury, who shall thereupon issue to mccupon,&c., the holder an equal amount of bonds of the United States, coupon or b°“d*· registered, as may by said holder be desired, bearing interest at the rate of six per centum per annum, payable semi-annually, and redeemable at the pleasure of the United States after five years, and payable twenty p,.0vm_ years from the date thereof: Provided, however, That any notes issued under this act may be paid in coin, instead of being received in exchange for certificates of deposit as above specified, at the direction of the Secregwtm,-y may tary of the Treasury. And the Secretary of the Treasury may exchange §f8?§¤yb0,$S?&c_ public interest, any bonds of the United States bearing six per centum interest, and redeemable after five and payable in twenty years, which have been or may be lawfully issued under the provisions of any existing uct; may reissue the notes so received in exchange; may receive and cancel any notes heretofore lawfully issued under any act of Congress, and in lieu thereof issue an equal amount in notes such as are authorized by this act; and may purchase, at rates not exceeding that of the current market, and cost of purchase not exceeding one—eighth of one per centum, s any bonds or certificates of debt of the United States as he may deem advisable. mN<:£¤d mg? Sec.  And be it furtfier enacted, That the Secretary of the Treasury tb§Tm‘;5t"y°‘hc_ be, and is hereby, authorized, in case he shall think it inexpedient to nartment. procure said notes, or any part thereof, to be engraved and printed by contract, to cause the said notes, or any part thereof, to be engraved, printed, and executed, in such form as he shall prescribe, at the Treasury Department in Washington, and under his direction; and he is hereby empowered to purchase and provide all the machinery and materials, and to employ such persons and appoint such officers as may be necessary for this purpose. Limimm uP_ d Sec. 3. Anal be it further enacted, That the limitation upon temporary gn ,,,,,},0,,,,,. da. eposits of United States notes with any assistant treasurer, or designated p¤mt¤,r¤p¤¤ ed- depositary authorized by the Secretary of the Treasury to receive such deposits, to fifty millions of dollars be, and is hereby, repealed ; and the Secretary of the Treasury is authorized to receive such deposits, under such regulations as he may prescribe, to such amount as he may deem N0, ,0 exceed expedient, not exceeding one hundred millions of dollars, for not less than $mo,oo0,ooo, thirty days, in sums not less than one hundred dollars, at a rate of interest
 * }¤f#l¤>¤z5 ¤{¢;t3¤ for such notes, on such terms as he shall think most beneficial to the