Statute II.
[Obsolete.]
Chap. XVIII.—An act to authorize the issuing of treasury notes for the service of the year one thousand eight hundred and fourteen.[1]
A sum not exceeding 5,000,000 dollars in treasury notes, to be prepared &c. &c.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 cause treasury notes, for a sum not exceeding five millions of dollars, to be prepared, signed, and issued, in the manner hereinafter provided.
Additional 5,000,000 dollars in treasury notes may be issued, but to be considered as part of the sum authorized to be borrowed.Sec. 2. And be it further enacted, That the President of the United States be, and he is hereby authorized to cause treasury notes for a further and additional sum not exceeding in the whole five millions of dollars, or such part thereof as he shall deem expedient, to be prepared, signed, and issued, in the manner hereinafter provided: but the amount of money borrowed or obtained for the notes which may be issued by virtue of this section, shall be deemed and helt to be in part of the sum which may be authorized to be borrowed by virtue of any act authorizing a loan which may be passed during the present section of Congress.
Where, when, and terms on which to be reimbursed.Sec. 3. And be it further enacted, That the said treasury notes shall be reimbursed by the United States at such places respectively, as may be expressed on the face of such notes, one year respectively after the day on which the same shall have been issued; from which day of issue they shall bear interest at the rate of five and two-fifths per centum a year, payable to the owner or owners of such notes, at the treasury, or by the proper commissioner of loans, or by the officer designated for the purpose, at the places and times respectively designated on the face of said notes for the payment of principal.
By whom to be signed.Compensation to the persons appointed to sign them.
Notes to be countersigned.Sec. 4. And be it further enacted, That the said treasury notes shall be respectively signed in behalf of the United States by persons to be appointed for the purpose by the President of the United States, two of which persons shall sign each note, and shall each receive as a compensation for that service, at the rate of one dollar and twenty-five cents for every hundred notes thus signed by them respectively: and the said notes shall likewise be countersigned by the commissioner of loans for the state where the notes may respectively be made payable, or by the register of the treasury, if made payable in the District of Columbia, or by a person to be appointed for the purpose by the President of the United States, if made payable in a state for which there is no commissioner of loans; which person or persons thus appointed shall also receive as a compensation for that service at the rate of one dollar and twenty-five cents for every hundred notes thus signed by him or them respectively.
- ↑ Treasury notes. An act to authorize the issuing of Treasury Notes, June 30, 1812, ch. 111.
An act authorizing the issuing of Treasury Notes for the service of the year one thousand eight hundred and thirteen, Feb. 25, 1813, chap. 27.
An act to authorize the issuing of Treasury notes for the service of the year one thousand eight hundred and fourteen, March 4, 1814, chap. 18. An act supplemental to the acts authorizing a loan of the several sums of twenty-five millions of dollars, and three millions of dollars, December 26, 1814, chap. 17. An act to authorize the issuing of Treasury Notes for the service of the year one thousand eight hundred and fifteen, February 24, 1815, chap. 56. An act to authorize the payment in certain cases on account of Treasury Notes which have been lost or destroyed, February 4, 1819, ch. 13. An act relating to Treasury Notes, May 3, 1822, chap. 13. An act to authorize the issuing of Treasury Notes, October 12, 1837, chap. 2. An act to authorize the issuing of Treasury Notes to meet the current expenses of the government, May 21, 1838, chap. 82. An act to revise and extend “An act to authorize the issuing of Treasury Notes to meet the current expenses of the government, approved the twenty-first of May, 1838,” March 3, 1839, chap. 36. An act to authorize an issue of Treasury Notes, January 31, 1842, chap. 2. An act for the extension of the loan of eighteen hundred and forty-one, and for an addition of five millions thereto, and for allowing interest on Treasury Notes due, April 15, 1842, chap. 14. An act to limit the sale of public stocks at par, and to authorize the issuing of Treasury Notes, in lieu thereof to a certain amount, August 31, 1842, chap. 287. An act to authorize the re-issue of Treasury Notes, and for other purposes, March 3, 1843, ch. 81.
