the sinking fund, to cause to be applied and paid out of the said fund, yearly and every year, such sum and sums as may be annually wanted to discharge the annual interest accruing on the stock which may be created by virtue of this act. The said commissioners are hereby authorized to apply, from time to time, such sum and sums out of the said fund as they may think proper, towards redeeming by purchase, or by reimbursement, in conformity with the provisions of this act, the principal of the said stock. And such part of the annual sum of eight millions of dollars, vested by law in the said commissioners, as may be necessary and wanting for the above purposes, shall be and continue appropriated to the payment of interest and redemption of the public debt, until the whole of the stock which may be created under the provisions of this act shall have been redeemed or reimbursed.
Sec. 4. And be it further enacted, That nothing in this act contained shall be construed in anywise to alter, abridge or impair the rights of those creditors of the United States who shall not subscribe to the loan to be opened by virtue of this act.
Approved, July 6, 1812.
Statute Ⅰ.
[Obsolete.]
Chap. CXXXVI.—An Act supplementary to the act entitled “An act authorizing a Loan for a sum not exceeding eleven millions of dollars.”
Agents may be appointed by the Secretary of the Treasury for the sale of stock of the United States.
Act of March 14, 1812, ch. 41.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury be, and he is hereby authorized to employ, with the approbation of the President of the United States, an agent or agents for the purpose of selling, in conformity with the provisions of the act, entitled “An act authorizing a loan for a sum not exceeding eleven millions of dollars,” any part of the stock created by virtue of the said act. A commission not exceeding one eighth of one per cent. on the amount thus sold, may by the Secretary of the Treasury be allowed to such agent or agents; and a sum not exceeding five thousand five hundred dollars, to be paid out of any monies in the treasury not otherwise appropriated, is hereby appropriated for paying the amount of such commission or commissions as may be thus allowed.
Approved, July 6, 1812.
Statute Ⅰ.
[Obsolete.]
Chap. CXXXVII.—An Act making further provision for the Army of the United States, and for other purposes.
Act of March 3, 1815, ch. 78.
Two additional brigadier generals may be appointed by the President.
1812, ch. 14.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 by and with the advice and consent of the Senate, to appoint two brigadier generals, in addition to those already authorized by law, who shall each be entitled to the same number of aids and brigade majors as are allowed to a brigadier general under the act of Congress passed the eleventh of January, one thousand eight hundred and twelve. And the said brigadier generals, aids and brigade majors, shall be entitled to receive the same pay and emoluments as are by law allowed to officers of the same grade.
