granted on such certificates. Proviso. Patents to be according to the true intent and meaning of this act, then and in that case patents shall be granted in like manner as is provided by law for the other lands of the United States: Provided, That no person shall be entitled to the benefit of this act who shall not appear by the report made to Congress as aforesaid or by the records of the boards of commissioners for the said territory to have been a resident of said territory on the twentyseventh day of October one thousand seven hundred and ninety five; nor shall any person be entitled to the benefit thereof who has received a donation grant from the United States: Provided also, That not more than six hundred and forty acres shall by virtue of this act be granted to any one claim. Proviso. dicial decisions of a certain kind. Sec. 2. And be it further enacted, That This act not nothing in this act contained shall be construed to affect the decisions of the courts of justice in the said territory, heretofore made respecting the claims, or any part thereof, embraced by the preceding section, or to prevent a judicial decision between the holder of a British patent, legally and fully executed and recorded with the register of the land office east or west of Pearl river, and the persons whose claims are confirmed by the preceding section where such claims interfere. H. CLAY, Speaker of the House of Representatives. WM. H. CRAWFORD, President of the Senate, pro-tempore. June 30, 1812. APPROVED, JAMES MADISON. CHAPTER CXI. AN ACT to authorise the issuing of Treasury sury notes to BE it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That the President to President of the United States be, and he is cause Treahereby authorised to cause Treasury notes issue. for such sum or sums as he may think expe dient, but not exceeding in the whole the sum of five millions of dollars, to be prepar. ed, signed and issued in the manner hereinafter provided. 1 be reimburs Sec. 2. And be it further enacted, That the said Treasury notes shall be reimbursed Said notes to by the United States at such places, respec ed. tively, as may be expressed on the face of the said notes, one year, respectively, after the day on which the same shall have been issued: from which day of issue they shall bear interest, at the rate of five and twofifths per centum a year, payable to the owner and owners of such notes, at the Treasury, or by the proper commissioner of loans, at the places and times respectively designated on the face of said notes for the payment of principal. Sec. 3. And be it further enacted, That the said Treasury notes shall be respectively Notes to be signed, in behalf of the United States, by signed. persons to be appointed for that purpose by the President of the United States: two of which persons shall sign each note, and shall each receive, as a compensation for that service, at the rate of one dollar and twentyfive cents for every hundred notes thus sign ed by them respectively; and the said notes To be coun- shall likewise be countersigned by the com. missioner of loans for that state where the notes may respectively be made payable. tersigned. Secretary of the Treasu ry, under the direction of the President, to tion of said notes to be issued, &c. Sec. 4. And be it further enacted, That the Secretary of the Treasury be, and he is hereby authorised, with the approbation of the President of the United States, to cause to be issued such portion of the said Treasu. cause a por. ry notes as the President may think expedient in payment of supplies, or debts due by the United States, to such public creditors, or other persons, as may choose to receive such notes in payment, as aforesaid, at par: And the Secretary of the Treasury is further au thorised, with the approbation of the Presi dent of the United States, to borrow, from time to time, not under par, such sums as the President may think expedient, on the credit of such notes And it shall be a good execution of this provision to pay such notes to such bank or banks as will receive the same at par and give credit to the Treasurer of the United States for the amount thereof, on the day on which the said notes shall thus be issued and paid to such bank or banks respectively. The notes by delivery Sec 5 And be it further enacted, That the transferable said Treasury notes shall be transferable by delivery and assignment endorsed thereon by the person to whose order the same shall, on the face thereof, have been made payable. and assign ment. Sec 6. And be it further enacted, That the said Treasury notes, wherever made pay To be receivable, shall be every where received in pay ment of all duties and taxes laid by the authority of the United States, and of all public lands sold by the said authority. On ed in pay ment of duties and taxes. every such payment, credit shall be given for the amount of both the principal and the interest which, on the day of such payment, may appear due on the note or notes thus given in payment. And the said interest shall, on such payments, be computed at the rate of one cent and one half of a cent per day on every hundred dollars of principal, and each month shall be computed as con taining thirty days. pre Sec. 7. And be it further enacted, That any person making payment to the United States in the said Treasury notes into the hands of any collector, receiver of public monies, or other public officer or agent, shall, on books kept according to such forms as shall be scribed by the Secretary of the Treasury, give duplicate certificates of the number and res pective amount of principal and interest of each and every Treasury note thus paid by such person; and every collector, receiver of public monies, or other public officer, or agent, who shall thus receive any of the said Treasury notes in payment, shall, on payment of the same into the Treasury, or into one of the banks where the public monies are, or may be deposited, receive credit both for the principal and for the interest, computed as aforesaid, which, on the day of such last mentioned payment, shall appear due on the note or notes thus paid in. And he shall be charged for the interest accrued on such note or notes from the day on which the same shall have been received by him in payment, as aforesaid, to the day on which the same shall be paid by him as aforesaid: Provided always, That no such charge or deduction shall be made with respect to any bank into Commissioners of sinking fund to reimburse interest of said notes. which payments as aforesaid may be made to the United States, either by individuals or by collectors, receivers or other public officers or agents, and which shall receive the same as specie, and give credit to the Treasurer of the United States for the amount thereof, in. cluding the interest accrued and due on such notes on the day on which the same shall have been thus paid into such bank on ac count of the United States. Sec. 8. And be it further enacted, That the commissioners of the sinking fund be, and they are hereby authorised and directed to cause to be reimbursed and paid the prinprincipal and cipal and interest of the Treasury notes which may be issued by virtue of this act, at the several time and times when the same, according to the provisions of this act, should be thus reimbursed and paid. And the said commissioners are further authorised to make purchases of the said notes, in the same manner as of other evidences of the public debt, and at a price not exceeding par, for the amount of the principal and interest due at the time of purchase on such notes So much of the funds constituting the annual appropriation tion for said of eight millions of dollars, for the principal and interest of the public debt of the United States, as may he wanted for that purpose, after satisfying the sums necessary for the payment of the interest and such part of the principal of the said debt as the United States are now pledged annually to pay and reimburse, is hereby pledged and appropriated for the payment of the interest, and for the reimbursement or purchase of the principal of the said notes. And so much of any monies in the Treasury not otherwise appro Appropria reimburse ment. |