ferable on the like principles with those directed to be issued on account of the subscriptions to the loan hereby proposed.
Commissioners
their salaries,Sec. 11. And be it further enacted, That the commissioners who shall be appointed pursuant to this act, shall respectively be entitled to the following yearly salaries, that is to say: The commissioner for the state of New Hampshire, six hundred and fifty dollars: The commissioner for the state of Massachusetts, fifteen hundred dollars: The commissioner for the state of Rhode Island and Providence Plantations, six hundred dollars: The commissioner for the state of Connecticut, one thousand dollars: The commissioner for the state of New York, fifteen hundred dollars: The commissioner for the state of New Jersey, seven hundred dollars: The commissioner for the state of Pennsylvania, fifteen hundred dollars: The commissioner for the state of Delaware, six hundred dollars: The commissioner for the state of Maryland, one thousand dollars: The commissioner for the state of Virginia, fifteen hundred dollars: The commissioner for the state of North Carolina, one thousand dollars: The commissioner for the state of South Carolina, one thousand dollars: The commissioner for the state of Georgia, seven hundred dollars: Which salaries shall be in full compensation for all services and expenses.
to take an oath and enter into bond.Sec. 12. And be it further enacted, That the said commissioners, before they enter upon the execution of their several offices, shall respectively take an oath or affirmation for the diligent and faithful execution of their trust, and shall also become bound with one or more sureties to the satisfaction of the Secretary of the Treasury, in a penalty not less [than] five thousand, nor more than ten thousand dollars, with condition for their good behaviour in their said offices respectively.
State debtsAnd whereas a provision for the debts of the respective states by the United States, would be greatly conducive to an orderly, economical and effectual arrangement of the public finances:
assumed, to amount of $21,500,000 and a loan proposed, payable in certificates of the states,Sec. 13. Be it therefore further enacted, That a loan be proposed to the amount of twenty-one million and five hundred thousand dollars, and that subscriptions to the said loan be received at the same times and places, and by the same persons, as in respect to the loan herein before proposed concerning the domestic debt of the United States. And that the sums which shall be subscribed to the said loan, shall be payable in the principal and interest of the certificates or notes, which prior to the first day of January last, were issued by the respective states, as acknowledgments or evidences of debts by them respectively owing, except certificates issued by the commissioners of army accounts in the state of North Carolina, in the year one thousand seven hundred and eighty-six.
not exceeding a certain sum in each. Provided, That no greater sum shall be received in the certificates of any state than as follows; that is to say:- In those of New Hampshire, three hundred thousand dollars.
- In those of Massachusetts, four million dollars.
- In those of Rhode Island and Providence Plantations, two hundred thousand dollars.
- In those of Connecticut, one million six hundred thousand dollars.
- In those of New York, one million two hundred thousand dollars.
- In those of New Jersey, eight hundred thousand dollars.
- In those of Pennsylvania, two million two hundred thousand dollars.
- In those of Delaware, two hundred thousand dollars.
- In those of Maryland, eight hundred thousand dollars.
- In those of Virginia, three million five hundred thousand dollars.
- In those of North Carolina, two million four hundred thousand dollars.
- In those of South Carolina, four million dollars.
- In those of Georgia, three hundred thousand dollars.
