receive in exchange therefor duplicate certificates of deposit, one of which may be transmitted to the Secretary of the Treasury, who shall thereupon issue to the holder an equal amount of bonds of the United States, coupon or registered, as may by said holder be desired, bearing interest at the rate of six per centum per annum, payable semiannually, and redeemable at the pleasure of the United States after five years, and payable twenty years from the date thereof. And such United States notes shall be re- Said notes received the same as coin, at their par value, in payment for ment of loans to the United any loans that may be hereafter sold or negotiated by the States. Secretary of the Treasury, and may be reissued from time, S., 3579, post, to time as the exigencies of the public interest shall require. ceivable in pay. 129. six per cent. to fund floating not less than $50. SEC. 2. And be it further enacted, That, to enable the $500,000,000 of Secretary of the Treasury to fund the Treasury notes and bonds authorized floating debt of the United States, he is hereby authorized debt. to issue, on the credit of the United States, coupon bonds, or registered bonds, to an amount not exceeding five hundred millions of dollars, redeemable at the pleasure of the United States after five years, and payable twenty years When payable. from date, and bearing interest at the rate of six per centum per annum, payable semi-annually. And the bonds herein authorized shall be of such denominations, not less than Denomination fifty dollars, as may be determined upon by the Secretary of the Treasury. And the Secretary of the Treasury may May be disposed of for coin dispose of such bonds at any time, at the market value or at market val thereof, for the coin of the United States, or for any of the Treasury notes that have been or may hereafter be issued under any former act of Congress, or for United States notes that may be issued under the provisions of this act; and all stocks, bonds, and other securities of the United States held by individuals, corporations, or associations within the United States, shall be exempt from taxation by or under State authority. SEC. 3. And be it further enacted, That the United States notes and the coupon or registered bonds authorized by this act shall be in such form as the Secretary of the Treasury may direct, and shall bear the written or engraved signa tures of the Treasurer of the United States and the Register of the Treasury, and also, as evidence of lawful issue, the imprint of a copy of the seal of the Treasury Department, which imprint shall be made under the direction of the Secretary after the said notes or bonds shall be received from the engravers and before they are issued; or the said notes and bonds shall be signed by the Treasurer of the United States, or for the Treasurer by such persons as may ue. Post, p. 56. Exempt from taxation. R. S., 3701, post, p. 133. Form of notes How signed, &c. and bonds. Provisions of be specially appointed by the Secretary of the Treasury for that purpose, and shall be countersigned by the Register of the Treasury, or for the Register by such persons as the Secretary of the Treasury may specially appoint for that act of 1857, ch. 1, purpose; and all the provisions of the act entitled "An vol. 11, revived. act to authorize the issue of Treasury notes," approved the twenty-third day of December, eighteen hundred and fiftyseven, so far as they can be applied to this act, and not inconsistent therewith, are hereby revived and re-enacted; Appropriation and the sum of three hundred thousand dollars is hereby expenses of en- appropriated, out of any money in the Treasury not otherwise appropriated, to enable the Secretary of the Treasury to carry this act into effect. of $300,000 for graving, &c. May be deposited with the SEC. 4. And be it further enacted, That the Secretary of United States the Treasury may receive from any person or persons, or Treasury in sums $100, and certifi per cent. interest of not less than any corporation, United States notes on deposit for not cates bearing five less than thirty days, in sums of not less than one hundred issued therefor. dollars, with any of the Assistant Treasurers or designated depositaries of the United States authorized by the SecreSee act of Mar. tary of the Treasury to receive them, who shall issue there2. 1867, post, p. 77. for certificates of deposit made in such form as the Secretary of the Treasury shall prescribe, and said certificates of deposit shall bear interest at the rate of five per centum Deposits may per annum; and any amount of United States notes so deposited may be withdrawn from deposit at any time after ten days' notice on the return of said certificates : Provided, That the interest on all such deposits shall cease and determine at the pleasure of the Secretary of the Aggregate of Treasury: And provided further, That the aggregate of ceed $25,000,000. Such deposit shall at no time exceed the amount of twentyfive millions of dollars. be withdrawn. deposits not to ex Duties to be re ceived in coin notes. SEC. 5. And be it further enacted, That all duties on imand demand ported goods shall be paid in coin, or in notes payable on demand heretofore authorized to be issued and by law reR. S., 3473, post, ceivable in payment of public dues, and the coin so paid shall be set apart as a special fund, and shall be applied as follows: p. 109. Coin, how used to pay interest. R. S., 3694, post, p. 131. To create sinking fund. First. To the payment in coin of the interest on the bonds and notes of the United States. Second. To the purchase or payment of one per centum of the entire debt of the United States, to be made within each fiscal year after the first day of July, eighteen huna dred and sixty-two, which is to be set apart as a sinking fund, and the interest of which shall in like manner be R. S., 3689, post, applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct p. 130. Third. The residue thereof to be paid into the Treasury of the United States. SEC. 6. And be it further enacted, That if any person or Forging, &c. persons shall falsely make, forge, counterfeit, or alter, or cause or procure to be falsely made, forged, counterfeited, or altered, or shall willingly aid or assist in falsely making, forging, counterfeiting, or altering, any note, bond, coupon, or other security issued under the authority of this act, or heretofore issued under acts to authorize the issue of Treasury notes or bonds; or shall pass, utter, publish, or sell, or attempt to pass, utter, publish, or sell, or bring into the United States from any foreign place with intent to pass, Post, p. 60, s. 8. utter, publish, or sell, or shall have or keep in possession or conceal, with intent to utter, publish, or sell, any such false, forged, counterfeited, or altered note, bond, coupon, or other security, with intent to defraud any body corporate or politic, or any other person or persons whatsoever, every person so offending shall be deemed guilty of felony, and shall, on conviction thereof, be punished by How punished. fine not exceeding five thousand dollars, and by imprisonment and confinement to hard labor not exceeding fifteen post, p. 135. years, according to the aggravation of the offense. R. S., 5414, 5415, Persons having custody of plates and using same unlawfully. p. 135. Engraving similar plates for SEC. 7. And be it further enacted, That if any person, having the custody of any plate or plates from which any notes, bonds, coupons, or other securities mentioned in this act, or any part thereof, shall have been printed, or which R. S., 5430, post, shall have been prepared for the purpose of printing any such notes, bonds, coupons, or other securities, or any part thereof, shall use such plate or plates, or knowingly permit the same to be used for the purpose of printing any notes, bonds, coupons, or other securities, or any part thereof, except such as shall be printed for the use of the United States by order of the proper officer thereof; or if any person shall engrave, or cause or procure to be engraved, or shall aid in engraving, any plate or plates in fraudulent the likeness or similitude of ary plate or plates designed for the printing of any such notes, bonds, coupons, or other securities, or any part thereof, or shall vend or sell any such plate or plates, or shall bring into the United States from any foreign place any such plate or plates, Post, p. 60, s. Ɛ. with any other intent, or for any purpose, in either case, than that such plate or plates shall be used for printing of such notes, bonds, coupons, or other securities, or some part or parts thereof, for the use of the United States, or shall have in his custody or possession any metallic plate engraved after the similitude of any plate from which any poses. pur. printing, photo. such notes, bonds, coupons, or other securities, or any part or parts thereof, shall have been printed, with intent to use such plate or plates, or cause or suffer the same to be used, in forging or counterfeiting any such notes, bonds, coupons, or other securities, or any part or parts thereof, issued as aforesaid, or shall have in his custody or possession any blank note or notes, bond or bonds, coupon or coupons, or other security or securities, engraved and printed after the similitude of any notes, bonds, coupons, or other securities, issued as aforesaid, with intent to sell Fraudulent or otherwise use the same; or if any person shall print, graphing, &c. photograph, or in any other manner execute or cause to be printed, photographed, or in any manner executed, or shall aid in printing, photographing, or executing any engraving, photograph, or other print, or impression, in the likeness or similitude of any such notes, bonds, coupons, or other securities, or any part or parts thereof, except for the use of the United States and by order of the proper officer thereof, or shall vend or sell any such engraving, photograph, print, or other impression, except to the United States, or shall bring into the United States from any foreign place any such engraving, photograph, print, or other impression for the purpose of vending or selling the same, except by the direction of some proper officer of the United States, or shall have in his custody or possession any paper adapted to the making of such notes, bonds, coupons, or other securities, and similar to the paper upon which any such notes, bonds, coupons, or other securities. shall have been issued, with intent to use such paper, or cause or suffer the same to be used, in forging or counterfeiting any of the notes, bonds, coupons, or other securities, issued as aforesaid, every such person so offending shall be deemed guilty of a felony, and shall, on convicHow punished. tion thereof, be punished by a fine not exceeding five thou sand dollars, and by imprisonment and confinement to hard labor not exceeding fifteen years, according to the aggravation of the offense. Approved February 25, 1862 March 1, 1862. CHAP. XXXV.-AN ACT TO AUTHORIZE THE SECRETARY OF THE Post, p. 49. Be it enacted by the Senate and House of Representatives Issue of certifi of the United States of America in Congress assembled, That ness authorized. the Secretary of the Treasury be, and he is hereby author cate of indebted Not less than $1,000. ized to cause to be issued to any public creditor who may be desirous to receive the same, upon requisition of the head of the proper department, in satisfaction of audited and settled demands against the United States, certificates for the whole amount due or parts thereof not less than one thousand dollars, sigued by the Treasurer of the United How signed. States, and countersigned as may be directed by the Secretary of the Treasury; which certificates shall be payable When payable. in one year from date or earlier, at the option of the government, and shall bear interest at the rate of six per centum per annum. Approved March 1, 1862. Six per cent. interest. CHAP. XLV.-AN ACT TO AUTHORIZE THE PURCHASE OF COIN AND March 17, 1862. Purchase of coin with any bonds or notes R. S., 3700, post, p. 132. indebtedness may ers of checks, &c. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury may purchase coin with any United States of the bonds or notes of the United States, authorized by authorized. law, at such rates and upon such terms as he may deem most advantageous to the public interest; and may issue, Certificates of under such rules and regulations as he may prescribe, cer- be issued to hold tificates of indebtedness, such as are authorized by an act entitled "An act to authorize the Secretary of the Treas- Ante, p. 48. ury to issue certificates of indebtedness to public creditors," approved March first, eighteen hundred and sixty-two, to such creditors as may desire to receive the same, in discharge of checks drawn by disbursing-officers upon sums placed to their credit on the books of the Treasurer, upon requisitions of the proper departments, as well as in discharge of audited and settled accounts, as provided by said act. Demand notes made receivable and a legal tender as notes issued under act of Feb ruary 25, 1862. Ante, p. 38. p. 130. SEC. 2. And be it further enacted, That the demand notes authorized by the act of July seventeen, eighteen hundred and sixty-one, and by the act of February twelfth, eighteen hundred and sixty-two, shall, in addition to being receivable in payment of duties on imports, be receivable, and shall be lawful money and a legal tender, in like manner, and for the same purposes, and to the same extent, as the notes authorized by an act entitled "An act to authorize Ante, p. 44. the issue of United States notes, and for the redemption or funding thereof, and for funding the floating debt of the United States," approved February twenty-fifth, eighteen hundred and sixty-two. |