United States Statutes at Large/Volume 3/14th Congress/2nd Session/Chapter 85
[Obsolete.]
Chap. LXXXV.—An Act to repeal so much of any acts now in force as authorize a loan of money, or an issue of Treasury notes.
Acts authorizing loans, &c. repealed.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That so much of any act, or acts, of Congress as authorizes the President of the United States to borrow money on the credit of the United States, and to cause certificates of stock to be issued for [money] so borrowed, be, and the same is hereby repealed;Proviso; as to securities for money heretofore borrowed. Provided, always, That nothing in this act contained shall be construed to invalidate, or in any way affect, any securities or claims for money heretofore borrowed under the said acts.
Acts authorizing treasury notes to be issued, repealed.
Proviso; as to right of holders, &c.Sec. 2. And be it further enacted, That so much of any act, or acts, of Congress as authorizes the President of the United States to cause treasury notes to be prepared, signed and issued, be, and the same is hereby repealed; Provided, always, That nothing in this act contained shall be construed to affect the rights of any persons who may be the holders of treasury notes already issued.
So much of the act, mentioned, as authorizes a reissue of the treasury notes, repealed.
Feb. 24, 1815, ch. 56.Sec. 3. And be it further enacted, That so much of the act, entitled “An act to authorize the issuing of treasury notes for the service of the year one thousand eight hundred and fifteen,” as makes it lawful for the Secretary of the Treasury to cause the treasury notes, [in] cases therein mentioned, to be re-issued and applied anew to the same purposes, and in the same manner, as when originally issued, be, and the same is hereby repealed.
Treasury notes now, or which may become, the property of the United States to be cancelled.Sec. 4. And be it further enacted, That all the treasury notes which are now, or shall hereafter become, the property of the United States, (from reimbursement, purchase, exchange, or receipts, on account of taxes, duties, and demands,) shall be cancelled or destroyed at such times, and under such regulations and securities, as the commissioners of the sinking fund, with the approbation of the President, shall establish and determine.
Approved, March 3, 1817.