United States Statutes at Large/Volume 5/27th Congress/2nd Session/Chapter 2

by United States Congress

Jan. 31, 1842.

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[Obsolete.]

Chap. II.—An Act to authorize an issue of Treasury notes.^[1]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,An emission of not exceeding $5,000,000 at any one time outstanding, authorized.
To be issued under the provisions of the act of 12th October, 1837, ch. 2. That the President of the United States is hereby authorized to cause Treasury notes to be issued for such sum or sums as the exigencies of the Government may require, and in place of such of the same as may be redeemed to cause others to be issued, but not exceeding the sum of five millions of dollars of this emission outstanding at any one time, and to be issued under the limitations and other provisions contained in the act entitled “An act to authorize the issuing of Treasury notes,” approved the twelfth of October, one thousand eight hundred and thirty-seven, except that the authority hereby given to issue Treasury notes shall expire at the end of one year from the passage of this act.

Approved, January 31, 1842.

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1. See notes of the acts which have been passed relative to the issuing and reimbursement of treasury notes, vol. 2, 766.