United States Statutes at Large/Volume 5/27th Congress/3rd Session/Chapter 53
[Obsolete.]
Chap. LIII.—An Act regulating the mode of paying over to the State of Alabama the two per cent. fund relinquished to said State by the act approved on the fourth day of September, one thousand eight hundred and forty-one.
Act of Sept. 4, 1841, ch. 16.
Bills of the Bank of Alabama receivable for lands, to the amount of the two per cent. fund unpaid.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the registers and receivers of public moneys at the different land offices in the State of Alabama be, and they are hereby, authorized and required, under such regulations as the Secretary of the Treasury may prescribe, to take and receive from the actual settlers on the public lands in said State, in payment for their houses and improvements, entered by virtue of any of the pre-emption laws now in force, the bills of the Bank of the State of Alabama, or any of the branches thereof, to an amount equal to the amount of the two per cent. fund relinquished to this State by the Congress of the United States, remaining unpaid:Quantity of land to be entered by a settler.
alabama to receive said bills in payment of the two per ct. fund.
Terms of the relinquishment not affected by this act. Provided, That no settler shall be allowed to enter more than one quarter section of land with the bills of said bank, or either of them: And provided further, That the State of Alabama shall receive from the Government of the United States, in payment of said two per cent. fund, the bills of the Bank of the State of Alabama, and the several branches thereof, taken and received by the registers and receivers, as aforesaid, from the settlers aforesaid, in payment for their pre-emption claims: And provided further, That nothing in this act shall be so construed as to change the terms, conditions, and limitations, annexed to the relinquishment of said fund to the said State, by the act aforesaid; but such terms, conditions, and limitations, shall apply and be in full force in reference to said fund, notwithstanding its payment in the mode provided by this act.
Approved, March 1, 1843.