not exceeding forty thousand 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, and also for defraying the expenses of printing and issuing the subscription certificates and certificates of stock and other expenses incident to the receiving of subscriptions, and completing the loan authorized by this act.
Surplus funds of the annual appropriation of eight millions of dollars for the payment of the public debt, pledged for the redemption of the present loan.
Commissioners of the sinking fund to act accordingly.
The faith of the U. States pledged to establish sufficient revenues to make up deficiencies.Sec. 4. And be it further enacted, That so much of the funds constituting the annual appropriation of eight millions of dollars, for the payment of the principal and interest of the public debt of the United States, as may be wanted for that purpose, after satisfying the sums necessary for the payment of the interest, and such part of the principal of said debt, as the United States are now pledged annually to pay or reimburse, is hereby pledged and appropriated for the payment of the interest, and for the reimbursement of the principal of the stock which may be created by virtue of this act: it shall accordingly be the duty of the commissioners of the sinking fund, to cause to be applied and paid out of the said fund yearly, such sum and sums as may be annually wanted to discharge the interest accruing on the said stock, and to reimburse the principal as the same shall become due, and may be discharged in conformity with the terms of the loan; and they are further authorized to apply, from time to time, such sum or sums, out of the said fund, as they may think proper, towards redeeming by purchase, and at a price not above par, the principal of the said stock, or any part thereof. And the faith of the United States is hereby pledged, to establish sufficient revenues for making up any deficiency that may hereafter take place in the funds hereby appropriated for paying the said interest, and principal sums, or any of them, in manner aforesaid.
Banks in the District of Columbia authorized to lend money under this act.Sec. 5. And be it further enacted, That it shall be lawful for any of the banks in the District of Columbia, to lend any part of the sum authorized to be borrowed by virtue of this act, any thing in any of their charters of incorporation to the contrary notwithstanding.
Approved, February 8, 1813.
Statute ⅠⅠ.
Chap. XXII.—An Act regulating pensions to persons on board private armed ships.[1]
1812, ch. 107.
1813, ch. 58.
Act of March 4, 1814, ch. 20.
Act of March 3, 1817, ch. 60.
Act of April 16, 1818, ch. 60.
Act of Jan. 22, 1824, ch. 15.
Act of June 30, 1834, ch. 134.
Act of March 3, 1837, ch. 40.
The two per cent. reserved in the hands of the collectors and consuls, to be paid into the treasury, to constitute a fund, &c.
Secretary of the Navy to place certain persons on the pension list.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the two per centum reserved in the hands of the collectors and consuls by the act of June, eighteen hundred and twelve, entitled “An act concerning letters of marque, prizes, and prize goods,” shall be paid to the treasury, under the like regulations provided for other public money, and shall constitute a fund for the purposes provided for by the seventeenth section of the before mentioned act.
- ↑ For act of Feb. 12, 1813, See Vol. 3, p. 472.
