Chapter CXXIX. *to provide for the Payment of such Creditors of the late Republic of Texas as are comprehended in the Act of Congress of September nine, eighteen hundred and fifty.* Feb. 28, 1855. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That
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Chap. CXXIX.— An Act *to provide for the Payment of such Creditors of the late Republic of Texas as are comprehended in the Act of Congress of September nine, eighteen hundred and fifty.* Feb. 28, 1855. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That in lieu of the sum of five Payment to creditors of Texas in lieu of the payment provided by act of 1860, ch. 49.millions of dollars, payable to the State of Texas, in five per cent, stock of the United States, by the act entitled “An act proposing to the State of Texas the establishment of her northern and western boundaries, 618 THIRTY-THIRD CONGRESS.
Sess. II. Ch. 129. 1855. the relinquishment by the said State of all territory claimed by her exterior to said boundaries, and of all her claims upon the United States, and to establish a territorial government for New Mexico,” passed September ninth, eighteen hundred and fifty, the issuing of which stock was restricted by the first proviso, to the fifth proposition contained in the first section of said act, the Secretary of the Treasury be, and be is hereby, authorized and directed to pay to the creditors of the late Republic of Texas, who hold such bonds, or other evidences of debt for which the revenues of that republic were pledged, as were reported to be within the provisions of the said act of September the ninth, eighteen, hundred and fifty, by the report of the late Secretary of the Treasury, to the President of the United States, and approved by him on the thirteenth day of September, eighteen hundred and fifty-one, or which come within the provisions of said act, according to the opinion upon the Texas compact of the present Attorney-General of the United States, addressed to the Secretary of the Treasury, under date of September twenty-sixth, eighteen hundred and fifty-three, the sum of seven millions seven hundred and fifty thousand dollars, to be apportioned among the Proviso.said holders pro rata: *Provided,* That the interest on the debt, embraced in this act, shall be determined by the existing laws of the State of Texas.
Sec. 2. *And be it further enacted,* That in all cases where the State Payment by Texas of said creditors, to be refunded pro rata.of Texas may have paid any portion of the debt described in this act, the said secretary shall refund to the proper officer of said State the amount actually so paid by the State, upon the presentation at the Treasury Department of the evidences of said debt, on which the said State may have made such payment: *Provided,* The said sum shall not exceed the proportion which would have been allowed to the creditor or creditors, if such payment on said evidences of debt had not been made by the State of Texas; and where the said sum that may be refunded to the State of Texas by the provisions of this section is less than the proportion which would have been allowed under this act to the holders of such evidences of debt, had such payment not been made them, such holders shall be entitled to receive the difference between said sum and the proportion they would have received under this act if no payment had been made them; and where any original certificates or other evidences of debt have been surrendered to the authority of the State of Texas, and new certificates issued therefor by said State of Texas, such new certificates shall be received as evidences of the original amount of the claim.
Sec. 3. *And be it further enacted,* That no payment shall be made Release to be executed.under this act, to any holder of said securities, or evidences of debt, unless the said holder shall first execute to the United States a receipt for the said payment, in which said holder shall forever release all claim against the United States for or on account of the said securities, or evidences of debt; also similar releases to said State of Texas; and the said certificates, or other evidences of debt, shall then be deposited with the Treasury Department.
Sec. 4. *And be it further enacted,* That before payment of the moneys Public notice to be given.aforesaid, the Secretary of the Treasury shall give notice, by public advertisement, for the space of ninety days, of the time at which said payment will be made; and no payment shall be made on any bond, certificate, or evidence of debt, which shall not, thirty days before the time limited by said notice, be presented at the Treasury Department. Sec. 5. *And be it further enacted,* That the sum of seven millions $7,750,000 appropriated.seven hundred and fifty thousand dollars be, and the same is hereby, appropriated out of any moneys in the treasury not otherwise appropriated, for the purpose of carrying into effect the provisions of this act.
Sec. 6. *And be it further enacted,* That this act shall not take effect THIRTY-THIRD CONGRESS. Sess. II. Ch. 133. 1855. 619until it shall be assented to by an act of the legislature of the State of Assent of Texas to be first given to this act.Texas, and a copy of the act of said State, duly authenticated, deposited in the Treasury Department at Washington, nor until the legislature of the State of Texas shall pass an act withdrawing and abandoning all claims and demands against the United States, growing out of Indian depredations or otherwise.
Approved, February 28, 1855.