Imágenes de páginas
PDF
EPUB

less than five years nor more than forty years from date, or may be made redeemable and payable as aforesaid, as may be expressed upon their face; and so much thereof as may be issued in Treasury notes may be made convertible into any bonds authorized by this act, and may be of such denominations-not less than fifty dollars-and bear such dates and be made redeemable or payable at such periods as in the opinion of the Secretary of the Treasury may be Interest on deemed expedient. And the interest on such bonds shall bonds payable semi-annually. be payable semi-annually; and on Treasury notes authorized by this act the interest may be made payable semi annually, or annually, or at maturity thereof; and the principal, or interest, or both, may be made payable in coin or in other lawful money: Provided, That the rate of interest on any such bonds or Treasury notes, when payable in coin, shall not exceed six per centum per annum; and when not payable in coin shall not exceed seven and three-tenths per centum per annum; and the rate and character of interest shall be expressed on all such bonds or Treasury notes: And provided further, That the act entitled "An act to provide ways and means for the support of the government, and for other purposes," approved June thirtieth, eighteen hundred and sixty-four, shall be so construed as to authorize the issue of bonds of any description Treasury notes authorized by this act. And any Treasury notes or other bearing obliga- obligations bearing interest, issued under any act of Converted into bonds gress, may, at the discretion of the Secretary of the Treasury, and with the consent of the holder, be converted into any description of bonds authorized by this act; and no bonds so authorized shall be considered a part of the amount of six hundred millions herein before authorized.

Ante, p. 63.

or other interest

tions may be con

authorized this act.

by

Bonds or obligations issued

States or else

SEC. 2. And be it further enacted, That the Secretary of under this act the Treasury may dispose of any of the bonds or other oblimay be disposed of in the United gations issued under this act, either in the United States where for coin, Or elsewhere, in such manner, and at such rates and under lawful money, &c. such conditions, as he may think advisable, for coin, or for other lawful money of the United States, or for any Treas ury notes, certificates of indebtedness, or certificates of deposit, or other representatives of value, which have been or may be issued under any act of Congress; and may, at his discretion, issue bonds or Treasury notes authorized by this act, in payment for any requisitions for materials or supplies which shall have been made by the appropriate department or offices upon the Treasury of the United States, on receiving notice in writing, through the department or office making the requisition, that the owner of

Bonds or obligations issued State and munici

the claim for which the requisition is issued desires to subscribe for an amount of loan that will cover said requisition, or any part thereof; and all bonds or other obligations exempt from issued under this act shall be exempt from taxation by or pal taxation. under State or municipal authority.

R. S., 3701, post, p. 133.

&c.

Form of notes, 1864, ch. 172,

vol. xiii, ante, p.

SEC. 3. And be it further enacted, That all the provisions of the act entitled "An act to provide ways and means for the support of the government, and for other purposes," 68. approved June thirtieth, eighteen hundred and sixty-four, in relation to forms, inscriptions, devices, and the printing, attestation, sealing, signing, and counterfeiting thereof, with such others as are applicable, shall apply to the bonds and other obligations issued under this act: Provided, That Legal tenders nothing herein contained shall be construed as authorizing hereby. the issue of legal-tender notes in any form; and a sum not Appropriation for expenses. exceeding one per centum of the amount of bonds and other obligations issued under this act, is hereby appropriated to pay the expense of preparing and issuing the same, and disposing thereof.

Approved March 3, 1865.

not authorized

CHAP. C.-AN ACT TO AUTHORIZE THE COINAGE OF THREE-CENT
PIECES, AND FOR OTHER PURPOSES.

March 3, 1865.

Vol. XVIII, p. 517.

A three-cent
Post, p. 93, s. 16.

piece to becoined.

Composition.

weight, shape, de

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That so soon as practicable after the passage of this act, there shall be coined at the mint of the United States a three-cent piece, composed of copper and nickel in such proportions, not exceeding twenty-five per centum of nickel, as shall be de: vice, &c. termined by the director of the mint, the standard weight of which shall be thirty grains, with no greater deviation than four grains to each piece, and the shape, mottoes, and devices of said coin shall be determined by the director of the mint, with the approval of the Secretary of the Treasury. And the laws now in force relating to the coinage of cents, Laws applica and providing for the purchase of material and prescribing the appropriate duties of the officers of the mint, and of the Secretary of the Treasury be, and the same are hereby, extended to the coinage herein provided for.

ble.

to coins and coin

this coin, &c.

SEC. 2. And be it further enacted, That all laws now in Laws relating force, relating to the coins of the United States, and the age extended to striking and coinage of the same, shall so far as applicable be extended to the coinage herein authorized, whether said laws are penal or otherwise, for the security of the coin, regulating and guarding the process of striking and coining,

for preventing debasement or counterfeiting, or for any other Director of purpose. And the director of the mint shall prescribe suitmint to make regulations. able regulations to insure a due conformity to the required weights and proportions of alloy in the said coin, and shall order trials thereof to be made from time to time, by the assayer of the mint, whereof a report shall be made in writing to the director.

To be legal tender for sixty

cents.

SEC. 3. And be it further enacted, That the said coin shall be a legal tender in any payment to the amount of sixty The three-cent cents. And it shall be lawful to pay out said coins in excoin may be paid

for lawful cur

1792, ante, p. 1.

1864, ante, p. 62.

ary 12, 1873, s. 16, post, p. 93.

paid.

out in exchange change for the lawful currency of the United States, (except rency, except, &c. cents or half-cents or two cent pieces issued under former Act of April 2, acts of Congress,) in suitable sums by the treasurer of the Act of April 22, mint, and by such other depositaries as the Secretary of the Act of Febru- Treasury may designate, and under general regulations approved by the Secretary of the Treasury. And under the like regulations the same may be exchanged in suitable Expenses, how sums for any lawful currency of the United States; and the expenses incident to such exchange, distribution, and transmission, may be paid out of the profits of said coinage, and the net profits of said coinage, ascertained in likė manner as is prescribed in the second section of the act entitled "An act relating to foreign coins, and the coinage of cents at the mint of the United States," approved February twenty-first, eighteen hundred and fifty-seven, shall be transferred to the Treasury of the United States: Provided, That from and after the passage of this act, no issues of No fractional fractional notes of the United States shall be of a less deunder five cents. nomination than five cents, and all such issues of a less Post, p. 76, s. 3. denomination, at that time outstanding, shall, when paid

Ante, p. 24.

note to be issued

Knowingly mak. ing or passing

&c., for coin au

act, how ished.

pun.

into the treasury or any designated depositary of the United States, or redeemed or exchanged as now provided by law, be retained and cancelled.

SEC. 4. And be it further enacted, That if any person or any coin, token, persons shall knowingly make, issue, or pass, or cause to be thorized by this made, issued, or past [passed], any coin, card, token, or device, whatsoever, in metal or its compounds, intended to pass or be passed as money, for the coin authorized by this act, or for coin of equal value, such person or persons shall be deemed guilty of a misdemeanor, and shall on conviction thereof be punished by a fine not exceeding one thousand dollars, and by imprisonment for a term not exceeding five years, at the discretion of the court.

"In God we may be

trust,

SEC. 5. And be it further enacted, That, in addition to the placed on "coins devices and legends upon the gold, silver, and other coins of the United States, it shall be lawful for the director of

hereafter issued.

the mint, with the approval of the Secretary of the Treasury, to cause the motto "In God we trust" to be placed upon such coins hereafter to be issued as shall admit of such legend thereon.

two-cent coins to

SEC. 6. And be it further enacted, That the one and two One-cent and cent coins of the United States shall not be a legal tender for be a legal tender only for four any payment exceeding four cents in amount; and so much cents. of the laws of the United States heretofore enacted as are in Ante, p. 62, s. 4. conflict with the provisions of this act, are hereby repealed.

Approved March 3, 1865.

CHAP. XXVIII.-AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO April 12, 1866. PROVIDE WAYS AND MEANS TO SUPPORT THE GOVERNMENT," AP. Vol. XIV, p. 31. PROVED MARCH THIRD, EIGHTEEN HUNDRED AND SIXTY-FIVE.

Ante, p. 71. Secretary of the

Treasury empow

Treasury notes,

&c., in exchange

for bonds.

Bonds may be

sold and the pro

ceeds used only for retiri'g Treas

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the act entitled "An act to provide ways and means to support ered to receive the government," approved March third, eighteen hundred and sixty-five, shall be extended and construed to authorize R. S., 3582, post, the Secretary of the Treasury, at his discretion, to receive p. 129. any Treasury notes or other obligations issued under any act of Congress, whether bearing interest or not, in exchange for any description of bonds, authorized by the act to which this is an amendment; and also to dispose of any description of bonds authorized by said act, either in the United States or elsewhere, to such an amount, in such ury notes or other obligations ismanner, and at such rates as he may think advisable, for sued under act of Congress. lawful money of the United States or for any Treasury notes, certificates of indebtedness, or certificates of deposit, or other representatives of value, which have been or which may be issued under any act of Congress, the proceeds thereof to be used only for retiring Treasury notes or other obligations issued under any act of Congress; but nothing Public debt not herein contained shall be construed to authorize any increase of the public debt: Provided, That of United States notes Proviso. not more than ten millions of dollars may be retired and cancelled within six months from the passage of this act, and thereafter not more than four millions of dollars in any one month: And provided further, That the act to which this is an amendment shall continue in full force in all its provisions, except as modified by this act.

to be increased.

amount of ex

SEC. 2. And be it further enacted, That the Secretary of Secretary of the Treasury to rethe Treasury shall report to Congress at the commencement port to Congress of the next session the amount of exchanges made or changes, loans, money borrowed under this act, and of whom, and on what amount and char terms; and also the amount and character of indebtedness edness retired.

&c., and also

acter of indebt

retired under this act, and the act to which this is an amendment, with a detailed statement of the expense of making such loans and exchanges.

Approved April 12, 1866.

May 16, 1866.

Vol. XIV, p. 47.

to be coined of

devices, &c.

CHAP. LXXXI-AN ACT TO AUTHORIZE THE COINAGE OF FIVE-CENT
PIECES.

Be it enacted by the Senate and House of Representatives of Five-cent pieces the United States of America in Congress assembled, That, so copper andnickel. Soon as practicable after the passage of this act, there shall be coined at the mint of the United States a five-cent piece composed of copper and nickel, in such proportions, not exceeding twenty-five per centum of nickel, as shall be deterWeight, shape, mined by the director of the mint, the standard weight of which shall be seventy-seven and sixteen hundredths grains, with no greater deviation than two grains to each piece; and the shape, mottoes and devices of said coin shall be determined by the director of the mint, with the approval Laws relating of the Secretary of the Treasury; and the laws now in force to coinage of cents, &c., to ap- relating to the coinage of cents, and providing for the pur. ply to this coiu- chase of material, and prescribing the appropriate duties of the officers of the mint and the Secretary of the Treasury, be, and the same are hereby, extended to the coinage herein provided for.

age.

Laws relating

to coins extended

SEC. 2. And be it further enacted, That all laws now in to this act so far force relating to the coins of the United States, and the as applicable. striking and coining of the same, shall, so far as applicable, be extended to the coinage herein authorized, whether said laws are penal or otherwise, for the security of the coin, regulating and guarding the process of striking and coining, for preventing debasement or counterfeiting, or for Regulations as any other purpose. And the director of the mint shall prescribe suitable regulations to insure a due conformity to the required weights and proportions of alloy in the said coin, and shall order trials thereof to be made from time to time by the assayer of the mint, whereof a report shall be made in writing to the director.

to alloy.

Report.

To be legal tender to amount of a dollar.

exchange for cur

rency.

SEC. 3. And be it further enacted, That said coin shall be a legal tender in any payment to the amount of one dollar. To be paid in And it shall be lawful to pay out such coins in exchange for the lawful currency in the United States, (except cents, Act of April 2, or half cents, or two-cent pieces, issued under former acts Act of April 22, of Congress,) in suitable sums, by the treasurer of the mint, Ante, p. 74, s. 3. and by such other depositaries as the Secretary of the Treasury may designate, and under general regulations approved

1792, ante, p. 1.

1864, ante, p. 62.

« AnteriorContinuar »