Page:United States Statutes at Large Volume 39 Part 1.djvu/1023

 SIXTY·FOURTH CONGRESS. Sess. II. C11. 159. 1917. 1003 form as he may prescribe, bearing interest payable quarterly at a rate not excee mg three r centum per annum; and such bonds shall be payable, principalpllind interest, in United States gold coin of the present standard of value, and both princi al and interest shall ,,,;,E,§’”‘P* "°"‘ °“ be exempt from all taxes or duties of the United States as well as from ` taxation in anyoform by or under State, munici al, or local authority, not mmtie for and shall not receivable by the Treasurer oi) the United States as "““k°*'°“"’“°“~ security for the issue of circulating notes to national banks: Provided, ,'§§S°;f;,'{,’,0, ew That such bonds may be disposed of by the Secretary of the Treasury ` at not less than pa1·, under such regulations as he may prescribe, giving all citizens of the United States an e ual opportumty therefor, ut no commissions shall be allowed or paid thereon; and a sum not exceeding one-tenth of one per centum of the amount of the bonds herein authorized is hereby appropriated, out of any money in the Treasury not otherwise appropriated, to pay the e nses of reparing, advertising, and issuing the same: And provi rther, 'llliat a‘§,°;,$‘{",{'g°"°°*"’°“d° m ad ition to suc issue of bonds, the Secretary of the asury may ° prepare and issue for the urposes specified in this section any portion of the bonds of the Upnited States now available for issue under authority of section thirty-nine of the Act entitled "An Act to rovide m}Q‘f'· 3°· PP· “’· *°’~ gevenue, equglize dgrties, and encourage th9q1irjilustr·ies6qf;htheP(Tmted tates, an or other oses, a rov ugust nineteen rama;-ea and nine: Angugmrzaz jiii-lim, That the am' ct imag .,.’§,€.2::;°P*‘°° ‘"““" under authority of this Act and any Panama Canal bonds hereafter issued under authority of section thirty-nine of the Act entitled “An Act to rovide revenue, equalize duties, and encourage the industries of the United States, and or other iu·poses," approved An t fifth, nineteen hundred and nine, shall lie made redeemable anduriayable at such times within fifty years after the date of their issue as the Secretary of the Treasury, in his discretion, may deem advisable. creznrrmoyrns or mnmrs·r·1·:oN1¤:ss. ,§,E§t,i°°°t° °"”°°b°` Sec. 401. That section thirty-two of an Act entitled "An Act pro- ,,,,E§,§,'jf" *"°"‘i°°‘ viding ways and means to rneet war expenditures, and for other V°*-¤°·¤·*°°· purposes/’ approved June thirteenth, eighteen hundred and ninety- eiglit, as amended by section forty of an Act entitled "An Act to provide revenue, equalize duties and encourage the industries of the ,,.0, 3, P H, United States, and for other purploses/’ approved August fifth, nine- ¤m·~¤·iZ»a. ’ ' teen hundred and nine, be, and the same is hereby, amended to read as follows: "Sec. 32. That the Secretary of the Treasury is authorized to bor- ,,ci%§€“"‘°""°d ‘° 3 row, from time to time, at a rate of interest not exceeding three per centum per annum, such sum or_ sums as, in his yudgment, may be necessary to meet public exlpenditures, and to issue therefor certificates of indebtedness in suc form and in such denominations as_he Payable within om may prescribe; and each certificate so issued shall be (payable, with rwthe interest accrued thereon, at such time, not excee ing one year from the date of its issue, as the Secretary of the Treasury rnay plre- ,.,,,,,,,,_ scribe: Provided, That the sum of such certificates outstanding s all wéxnrglgynngnmwwru at no time exceed $300,000,000, and the provisions of existing law rtngstméatmmuarespecting counterfeiting and other fraudulent practices are hereby °°"“‘“‘€·°*°- extended to the bonds and certificates of rude tedness authorized by ****8 A°°·" R . mi 1 Rmrrans or Dxvmrzivns. amfZ.°"°s° " . . N . Modifications. Srzc. 402. That Title I of the Act entitled An Act to increase the .4»a,p. m, amendrevenue, and for other purEOScS,” approved September eighth, nine- °d‘ teen hundred and sncteen, e amen ed by adding to Part III a new section, as follows: