Secretary of the Treasury to pay to commissioners, who shall apply the money to discharge the debt.Sec. 5. And be it further enacted, That the Secretary of the Treasury shall cause the said further sum of seven hundred thousand dollars to be paid to the commissioners of the sinking fund, in the same manner as was directed by the above-mentioned act respecting the annual appropriation of seven millions three hundred thousand dollars; and it shall be the duty of the commissioners of the sinking fund to cause to be applied and paid out of the said fund, yearly, and every year, at the treasury of the United States, such sum and sums as may be annually wanted to discharge the annual interest and charges accruing on the stock created by virtue of this act, and the several instalments, or parts of principal of the said stock, as the same shall become due and may be discharged, in conformity to the terms of the convention aforesaid, and of this act.
Approved, November 10, 1803.
Statute Ⅰ.
[Obsolete.]
Chap. III.—An Act making provision for the payment of claims of citizens of the United States on the government of France, the payment of which has been assumed by the United States, by virtue of the convention of the thirtieth of April, one thousand eight hundred and three, between the United States and the French Republic.
Three millions seven hundred and fifty thousand dollars appropriated to pay citizens of the U. States.
Act of February 26, 1803, ch. 8.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That a sum, not exceeding three millions seven hundred and fifty thousand dollars, (inclusive of a sum of two millions of dollars, appropriated by the act of the twenty-sixth day of February, one thousand eight hundred and three, intituled “An act making further provision for the expenses attending the intercourse between the United States and foreign nations,” to be paid out of any monies in the treasury not otherwise appropriated, be, and the same hereby is appropriated, for the purpose of discharging the claims of citizens of the United States against the government of France, the payment of which has been assumedTreaty with France for the cession of Louisiana. by the government of the United States, by virtue of a convention made the thirtieth day of April, one thousand eight hundred and three, between the United States of America and the French Republic, respecting the said claims.
Claims to be paid at the treasury of the United States.Sec. 2. And be it further enacted, That the Secretary of the Treasury shall cause to be paid, at the treasury of the United States, in conformity to the convention aforesaid, the amount of such claims, above-mentioned, as, under the provisions of the said convention, shall be awarded to the respective claimants; which payments shall be made on the orders of the minister plenipotentiary of the United States for the time being, to the French Republic, in conformity with the convention aforesaid, and the said minister shall be charged on the treasury books with the whole amount of such payments, until he shall have exhibited satisfactory proof to the accounting officers of the treasury, that his orders, thus paid, have been issued in conformity with the provisions of the said convention.
President of the U. States to borrow not exceeding one million seven hundred and fifty thousand dollars.Sec. 3. And be it further enacted, That the President of the United States be, and he hereby is authorized to borrow, on the credit of the United States, to be applied to the purposes authorized by this act, a sum not exceeding one million seven hundred and fifty thousand dollars, at a rate of interest, not exceeding six per centum per annum; reimbursable out of the appropriated made by virtue of the first section of this act, at the pleasure of the United States, or at such period, not exceeding five years from the time of obtaining the loan, as may be stipulated by contract; and it shall be lawful for the Bank of the United States to lend the same.
One million seven hundred and fifty thousand dollars at six per cent. interest chargeable on customs.Sec. 4. And be it further enacted, That so much of the duties on merchandise and tonnage as may be neccessary, be, and the same hereby