United States Statutes at Large/Volume 5/24th Congress/2nd Session/Chapter 1
Chapter I.—An Act to regulate, in certain cases, the disposition of the proceeds of lands ceded by Indian tribes to the United States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,Moneys received to be paid into the Treasury. That all moneys received from the sales of lands, that have been, or may be hereafter, ceded to the United States by Indian tribes, by treaties providing for the investment or payment to the Indians, parties thereto, of the proceeds of the lands ceded by them, respectively, after deducting the expenses of survey and sale, any sums stipulated to be advanced, and the expenses of fulfilling any engagements contained therein, shall be paid into the Treasury of the United States in the same manner that moneys received from the sales of public lands are paid into the Treasury.
Necessary appropriations made to be paid from the Treasury.Sec. 2. And be it further enacted, That all sums that are or may be required to be paid, and all moneys that are or may be required to be invested by said treaties, are hereby appropriated in conformity to them, and shall be drawn from the Treasury as other public moneys are drawn therefrom, under such instructions as may from time to time be given by the President.
Investments of stock.
Special accounts of the funds to be kept, and laid before Congress.Sec. 3. And be it further enacted, That all investments of stock, that are or may be required by said treaties, shall be made under the direction of the President; and special accounts of the funds under said treaties shall be kept at the Treasury, and statements thereof be annually laid before Congress.
Provisions of sec. 4, act 14th June, 1836, ch. 88, extended.Sec. 4. And be it further enacted, That the provisions of the 4th section of the act of June 14th, 1836, entitled “An act making appropriations for the Indian Department, &c.,” be and are hereby extended, in such manner as to apply to the disposition of all moneys that may hereafter be received under the treaties therein named, or under any others containing similar stipulations for the payment to the Indians, annually, of interest upon the proceeds of the lands ceded by them.
Approved, January 9, 1837.