Page:United States Statutes at Large Volume 18 Part 1.djvu/778

 706 Trrmr xxxvm.-THE CURRENCY. TITLE XXXVIII. 'DHE CURRENC}Y. sec, I Sec. 3571. United States notes. 3577. Engraving and printing notes. 3572. Amount of fractional currency au- 3578. Expenses of issumgnotes. thorized. Reispue of I'nit?·dt;`tates notes. 3573. Nless than ten cents. 35 . Rep acing muti a notes. 3574. Fdriiimidid redemption of fractional 358;. Bgsltruction of noaes. otes. 358 . uction o the currency sus- 3575. Prrdparation of fractional and other pended. notes. be 3583. Reptpiction on notes less than one 3576. Portraits of living persons not to < o ar. placed on bonds or notes. United S¢¤t¢¤ Sec. 3571. United States notes shall be of such denominations, not less QW- _ g___ than one dollar, as the Secretary of the Treasury may prescribe, shall _25 Feb-. 1862. G. not bear interest, shall be payab e to bearer, and shall be in such form ¥—;:,”`;:);‘,égé1; ¥‘g· as the Secretary may deem best. [See 51 5418. 6414. 6480-5484-1 s. 1, v. i2, p. 532. ’17 Jan., 1863, Res. 9, v. 12, p. 822. 3 Mar., 1863, c. 73, s. 3, v. I2, p. 710. 3 Mar., 1875, c. 130, r. 18, p. 373. _ Amount of frac- Ssc. 3572. The whole amount of notes or stamps for the fractions of a 3:’;’:;§g"°“°Y““' dollar, issued as currency, shall not, at any time, exceed fifty millions of _,.` -. . dollars. 30 June, 1864, c. 172, s, 5, v. 13, p. 220. 14 Len., 1875, c. 18, r. 15, p. 296. 17 April, 1876, e. 63, s. 2, v. 19, p. 33. Noiseuelessthun Sec. 3573. No issue of fractional notes of the United States shall be @39;- of a less denomination than ten cents; and all issues of a less denomina- 16 M“"·· 1866* tion shall when paid into the Treasury or any desi natcd de ositorv of 81 s.3 v. 14 p.47. . ’ . ~ g . P {4 Lmu ,},75, A the United States, or redeemed or exchanged as now provided by law, 15, t-. 18, p. 296. be retained and canceled. Forgn and re- .Sec. 3574. The notes of the fractional currency shall be in such form, g°’;'£*’:;‘wgf f"“"' with such inscriptions, and with such safeguards against counterfeiting }° . . Y ,-;-. as the Secretary of the Treasury may deem best. They shall be exchange- 3 MM-. 1863. C- able by the assistant treasurers and designated depositaries for United 73gB·§·;';l;2,gé;lE· States notes in sums of not less than three dollars; and shall be receiv- 172, s_ 5, {._ 13,3,; able for postage and revenue stamps, and for all dues to the United 210. States, except customs, in sums not over hve dollars, and shall be 14 ·hm·. 1875. o redeemed on presentation at the Treasug! of the United States in such 15* ‘8·Y’·29°· sums ap; under such regulations as the cretary of the Treasury shall _ prescrr. 1:¤=1>¤¤¤¤0¤ 01 _ Sec. 3575. The Secretary of the Treasury may provide for the engrav- ’]° °?j _ _ _ mg and preparation, and for the issue of fractional and other notes, and 3 M,,." 1863_ c_ shall ma e such regulations for the redemption of such notes when muti- 73,s.4,v. 12, p.711. lated or defaced, and for the receipt of fractional notes in payment of 7g0J¤g1<*.,11§§4.<‘- debts to the United States, except for customs, in such sums, not over gm: S· · ‘· *’· l’· five dollars, as may appear to him expedient. 14 Jan., 1875, c. 15, r. 18, p. 296.—C0olr r. U. S., 12 Blatch., 43. _ P¤¤1‘¤i¤¤ 01  _ Sec. 3576. Noportrait shall be placed rypon any of the bonds, secur- {;Kp,l;"c;'}f’::",:gnd‘; ities, notes, fractional or postal currency o the United States, while the 0, ,,,,m,_ original of such portrait is living. 7 April, 1866, c. 28, s. 12, v. 14, p. 25. 14 Jan., 1875, c. 15, r. 18, p. 296. iingraving and Sec. 3577. The Secretary of the Treasury may cause notes to be engraved, }’j`"‘ ‘Q¥§’_°f;__ pr1nted,and_executed, at the Department of the Treasury in Washington, 11 July, 1862, c. and under his direction, if he deems itinexpedient to procure them to be I42f-j;;;·1%ggi§3i;· engravedand printed by contract; and he may purchase and provide all 15 U. H 39. · ‘ the machinery and materials, and employ such persons and appoint such ’ officers as are necessary for this purpose. [¤•• SS 5480. M5!-1