Specific appropriations for support of government, for 1796.Clark, late commissioner of the loan office for the state of Rhode Island, one thousand nine hundred and seventy-four dollars and three cents.
For the discharge of such miscellaneous demands against the United States, other than those on account of the civil department, not otherwise provided for, and which shall have been ascertained and admitted in due course of settlement at the treasury, and which are of a nature, according to the usage thereof, to require payment in specie, two thousand dollars.
Sec. 3. And be it further enacted, That the several appropriations herein before made, shall be paid and discharged out of the fund of six hundred thousand dollars, reserved by the Ante, p. 138.act “making provision for the debt of the United States.”
Approved, February 5, 1796.
Statute Ⅰ.
[Obsolete.]
Chap. Ⅱ.—An Act further extending the time for receiving on Loan the Domestic Debt of the United States.
Act of March 3, 1797, ch. 25.
Extension of the term for receiving on loan the domestic debt.
Ante, p. 138.
Proviso.Section 1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the term for receiving on loan that part of the domestic debt of the United States, which has not been subscribed, in pursuance of the provisions heretofore made by law for that purpose, be, and the same is hereby further extended, until the thirty-first day of December next, on the same terms and conditions, as are contained in the act, intituled “An act making provision for the debt of the United States:” Provided, That the books for receiving the said subscriptions shall be opened only at the treasury of the United States.
Reimbursement of part of the principal.Sec. 2. And be it further enacted, That it shall be lawful to reimburse so much of the principal of the debt or stock, which may be subscribed, pursuant to this act, as will make the reimbursement thereof equal in proportion and degree, to that of the same stock subscribed antecedent to the present year; and the said reimbursement shall be made at the expiration of the quarter in which such debt or stock shall be subscribed, and pursuant to the rules and conditions prescribed by the act,1795, ch. 45. intituled “An act making further provision for the support of public credit, and for the redemption of the public debt.”
Provision for the payment of interest to nonsubscribers.Sec. 3. And be it further enacted, That such of the creditors of the United States, as have not subscribed, and shall not subscribe to the said loan, shall, nevertheless, receive, during the year one thousand seven hundred and ninety-six, a rate per centum on the amount of such of their demands as have been registered, or as shall be registered at the treasury, conformably to the directions in the act,Ante, p. 138. intituled “An act making provision for the debt of the United States,” equal to the interest which would be payable to them as subscribing creditors.
Approved, February 19, 1796.
Statute Ⅰ.
[Obsolete.]
Chap. Ⅳ.—An Act for allowing compensation to the members of the Senate and of Representatives of the United States, and to certain officers of both Houses.
