Page:United States Statutes at Large Volume 16.djvu/307

 FR'I‘Y—FIRS'1‘ CONGRESS. Sess. II. Ch. 256. 1870. 273 bonds so to he paid to be distinguished and described by the dates and numbers, beginning for each successive payment with the bonds of each class last dated and numbered, of the time of which intended payment or Public notice redemption the Secretary of the Treasury shall give public notice, and the *’h°'°°£ interest on the particular bonds so selected at any time to be paid shall Interest when cease at the expiration of three months from the date of such notice. *° °°‘*“· Sec. 4. And be it further enacted, That the Secretary of the Treasury Secretarymay is hereby authorized, with any coin in the treasury of the United States WY “{’ p“‘;‘l“d which he may lawfully apply to such purpose, or which may be derived gilggwggiya H from the sale of any of the bonds, the issue of which is provided for in l>¢>¤d¤- this act, to pay at par and cancel any six per cent. bonds of the United States of the kind known as five-twenty bonds, which have become or shall hereafter become redeemable by the terms of their issue. But the P”*i°°]’“` , particular bonds so to be paid and canoel[l]ed shall in all cases be indi- i:$,d;0tgg?,?,§ld’ cated and specified by class, date, and number, in the orde[r] of their cated. numbers and issue, beginning with the first numbered and issued, in public Public ¤<>ti<=¤· notice to be given by the Secretary of _ the Treasury, and in three months Y¤*¢*¢¤* *0 after the date of such public notice the interest on the bonds so selected °°”° im"' &°‘ and advertised to be paid shall cease. Sec. 5. And be it further enacted, That the Secretary of the Treasury _Secret¤rymay is hereby authorized, at any time within two years from the passage of :£;“;;‘8tw‘f(f'§2§ this act, to receive gold coin of the United States on deposit for not less on aepogd and than thirty days, in sums of not less than one hundred dollars, with the E*“° °°*’**6°¤*°° Treasurer, or any assistant treasurer of the United States authorized by ,ngr$`€;,:§$ the Secretary of the Treasury to receive the same, who shall issue not over 2; per therefor certificates of deposit, made in such form as the Secretary of the °°”°‘P°"“““m‘ Treasury shall prescribe, and said certificates of deposit shall bear interest at a rate not exceeding two and a. half per cent. per annum; and any Deposits when amount of gold coin so deposited may be withdrawn from deposit at any xghggvffy °“ time after thirty days from the date of deposit, and after ten days} notice ’ and on the return of said certificates : Provided, That the interest on all such i¤*°’°5° *° deposits shall cease and determine at the pleasure of the Secretary of the °°°'s° wh°°’ &°‘ Treasury. And not less than twenty-five per cent. of the coin deposited FQ? S0 5** for or represented by said certificates of deposits shall be retained in the  hg, Qfbe treasury for the payment of said certidcates; and the excess beyond applied. twenty-tive per cent. may be applied at the discretion of the Secretary of the Treasury to the payment or redemption of such outstanding bonds of the United States heretofore issued and known as the Eve-twenty bonds, Gertitieates or as he may designate under the provisions of the fourth section of this act; g§§,%S$ttf‘;é;T and any certificates of deposit issued as aforesaid, may be received at par ment of bonds with the interest accrued thereon in payment for any bonds authorized to Eigby *“*h°*“ be issued by this act. ' Sec. 6. And be it further enacted, That the United States bonds pur- United States chased and now held in the treasury in accordance with the provisions Qggdgowfgffs relating to a sinking fund, of section five of the act entitled "An act to the treasury to authorize the issue of United States notes, and for the redemption or fund-  5 ing thereof, and for funding the floating debt of the United States," v01_' xii; p_ R16_' approved February twenty-fifth, eighteen hundred and sixty-two, and all other United States bonds which have been purchased by the Secretary 0f the Treasury with surplus funds in the treasury, and now held in the treasury of the United States, shall be caneel[l]ed and destroyed, a de- °f§:‘{;"ér*Q;°’°‘ tailed record of such bonds so cancelled and destroyed to be first made m made_ the books of the Treasury Department. Any bonds hereafter applied to Such bonds so said sinking fund, and all other United States bonds redeemed or paid Eggizgfnguggld hereafter by the United States, shall also in like manner be recorded, to benkewisg ’ ca.ncel[1]ed and destroyed, and the amount of the bonds of each class that recorded and dehave been cancel[l]ed and destroyed shall be deducted respeet1vely‘ from S °Y° · the amount of each class of the outstanding debt of the United ntates. In addition to other amounts that may be applied to the redemption or v01.. xvr. Pos.—18