Statute Ⅰ.
Chap. XL.—An Act respecting the enrolling and licensing of Steamboats.
Steamboats belonging to aliens, to be enrolled and licensed.
Act of Feb. 18, 1793, ch. 8.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That from and after the passing of this act, a steamboat employed, or intended to be employed only in a river or bay of the United States, owned wholly or in part by an alien, resident within the United States, may, and shall be enrolled and licensed, as if the same belonged to a citizen of the United States, according to, and subject to all the conditions, limitations and provisions contained in the act, entituled “An act for enrolling and licensing ships or vessels to be employed in the coasting trade and fisheries, and for regulating the same,” except that, in such case, no oath or affirmation shall be required that the said boat belongs to a citizen or citizens of the United States.
Owners of such boats to give bonds, &c.Sec. 2. And be it further enacted, That the owner or owners of such steamboat, upon application for enrolment or license, shall give bond to the collector of the district, to and for the use of the United States, in the penalty of one thousand dollars, with sufficient surety, conditioned, that the said boat shall not be employed in other waters than the rivers and bays of the United States.
Approved, March 12, 1812.
Statute Ⅰ.
Chap. XLI.—An Act authorizing a loan for a sum not exceeding eleven millions of dollars.
Act of July 6, 1812, ch. 136.
Limitation of sum to be borrowed.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the President of the United States be, and he is hereby authorized to borrow on the credit of the United States, a sum not exceeding eleven millions of dollars, at an interest not exceeding six per centum per annum, payable quarter yearly, to be applied, in addition to the monies now in the treasury, or which may be received from other sources, to defray any of the expenses which have been, or may, during the present session of Congress, be authorized by law, and for which appropriations have been, or may, during the present session of Congress, be made by law:The U. States may reimburse any sum borrowed after twelve years. Provided, that no engagement nor contract shall be entered into, which shall preclude the United States from reimbursing any sum or sums thus borrowed, at any time after the expiration of twelve years, from the first day of January next.
Certificates of stock to be constituted.
Interest thereon.
How transferable.
Proviso.Sec. 2. And be it further enacted, That the President of the United States be, and he is hereby authorized, to cause to be constituted certificates of stock signed by the register of the treasury, or by a commissioner of loans, for the sum to be borrowed by virtue of this act, or for any part thereof, bearing an interest of six per centum, and reimbursable as aforesaid; which stock, thus created, shall be transferable in the same manner as is provided by law for the transfer of the existing public debt of the United States: and it is hereby further declared, that it shall be deemed a good execution of the said power to borrow, for the President of the United States to cause the said certificates of stock, or any part thereof, to be sold: Provided, that no such stock shall be sold under par.
