Page:United States Statutes at Large Volume 12.djvu/741

 THIRTY—SEVENTH CONGRESS. Sess. III. Ch. 73. {S6?}. 711 three, in such form as he may deem expedient, not bearing interest, pay- able to bearer, and of such denominations, not less than one dollar, as he Denominations. may prescribe, which notes so issued shall be lawful money and a legal Legal tender, tender in payment of all debts, public and private, within the United °"§°P*tf°" ‘;“"°“ States, except for duties on imports and interest on the public debt ; and an m em any of the said notes, when returned to the treasury, may be reissued Remus. from time to time as the exigencies of the public service may require. And in lieu of any of said notes, or any other United States notes, re- Issuesinlieuof turned to the treasury, and cancelled or destroyed, there may be issued equal “°*°’ °**”°°“°d· amounts of United States notes, such as are authorized by this act. And Repeal of 1¤¤r¢ so much of the act to authorize the issue of United States notes, and §Q6§65;°{‘_,f3· for other purposes, approved February twenty-five, eighteen hundred and (AML, pp. sis, sixty-two, and of the act to authorize an additional issue of United States 532) '°Si'i°““€ notes, and for other purposes, approved July eleven, eighteen hundred $,§.°ig:t;`£,,;? and sixty-two, as restricts the negotiation of bonds to market value, is hereby repealed. And the holders of United States notes, issued under When tonne: and by virtue of said acts, shall present the same for the purpose of ex- ¤°*°¤ m*5¤hb° changing the same for bonds, as therein provided, on or before the first g;;?:,:;(,_ °r day of July, eighteen hundred and sixty-three, and thereafter the right so to exchange the same shall cease and determine. Sec. 4. And be it further enacted, That in lieu of postage and revenue In lieu of poststamps for fractional currency, and of fractional notes, commonly called ;,·'é‘;t§:;;§’:gm postage currency, issued or to be issued, the Secretary of the Treasury may be issued, may issue fractional notes of like amounts in such form as he may deem expedient, and may provide for the engraving, preparation, and issue thereof in the treasury department building. And all such notes issued FM Wim °¤· shall be exchangeable by the assistant—treasurers and designated de- bh and positaries for United States notes, in sums not less than three dollars, ` and shall be receivable for postage and revenue stamps, and also in pay- ment of any dues to the United States less than five dollars, except duties on imports, and shall be redeemed on presentation at the treasury of the United States in such sums and under such regulations as the Secretary of the Treasury shall prescribe : Provided, That the whole amount Issue not to exof fractional currency issued, including postage and revenue stamps issued °"°d $5°»°0°·°°°· as currency, shall not exceed fifty millions of dollars. Sec. 5. And be it further enacted, That the Secretary of the Treasury S9¤r¤t¤rp’ may is hereby authorized to receive deposits of gold coin and bullion with the  $51 QM, treasurer or any assistanhtreasurer of the United States, in sums not cer-ttuemes thereless than twenty dollars, and to issue certificates therefor, in denomina- f°"· tions of not less than twenty dollars each, corresponding with the denominations of the United States notes. The coin and bullion deposited for or representing the certificates of deposit shall be retained in the treasury for the payment of the same on demand. And certificates represent- Such certificates ing coin in the treasury may be issued in payment of interest on the {*;**5* public debt, which certificates, together with those issued for coin and 0,,};:;, public bullion deposited, shall not at any time exceed twenty per centum be- debtzmd dutiesyond the amount of coin and bullion in the treasury; and the certificates Li·¤i¤ of for coin or bullion in the treasury shall be received at par in payment °m°“”°‘ for duties on imports. Sec. 6. And be izfurtlaer enacted, That the coupon or registered bonds, Secretary to treasury notes, and United States notes authorized by this act shall be g,?°§;f(:;;‘Q"“ in such form as the Secretary of the Treasury may direct, and shall have notes. printed upon them such statements, showing the amount of accrued or what to be accruing interest, the character of the notes, and the penalties or punish- P‘"““°d *h‘“‘°°“· ment for altering or countcrteiting them, as the Secretary of the Treas- I Ury may prescribe, and shall bear the written or engraved signatures of H°W ¤¤z¤¤d· the treasurer of the United States and the register of the treasury, _ and also, as evidence of lawthl issue, the imprint of a copy of the seal of   the Treasury Department, which imprint shall be made, under the direc- P `