Chapter XLV. *to authorise the Purchase of Coin, and for other Purposes.* March 17, 1862. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Secretary of Treasury may purchase coin
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Chap. XLV.— An Act *to authorise the Purchase of Coin, and for other Purposes.* March 17, 1862. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Secretary of Treasury may purchase coin. That the Secretary of the Treasury may purchase coin with any of the bonds or notes of the United States, authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interest; and may issue, under may issue certificates of indebtedness, &c.such rules and regulations as he may prescribe, certificates of indebtedness, such as are authorized by an act entitled “An act to authorize the Secretary of the Treasury to issue certificates of indebtedness to public creditors,” 1862, ch. 35.*Ante*, p. 352.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.
Sec. 2. *And be it further enacted*, That the demand notes authorized Demand notes made a legal tender.1861, ch. 5.*Ante*, p. 259.1862, ch. 20.*Ante*, p. 338.by the act of July seventeenth, 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 the issue of United States notes, and for the redemption or funding thereof, and for funding the floating debt of the 1862. ch. 33.*Ante*, p. 345.United States,” approved February twenty-fifth, eighteen hundred and sixty-two.
Sec. 3. *And be it further enacted*, Temporary deposits of not over $50,000,000 of United States notes may be made with Assistant Treasurer at not over 5 per cent, interest.1862. ch. 33, § 4.*Ante*, p. 346.That the limitation upon temporary deposits of United States notes with any assistant treasurers or designated depositaries, authorized by the Secretary of the Treasury to receive such deposits, at five per cent, interest, to twenty-five millions of dollars, shall be so far modified as to authorize the Secretary of the Treasury to receive such deposits to an amount not exceeding fifty millions of dollars, and that the rates of interest shall be prescribed by the Secretary of the Treasury not exceeding the annual rate of five per centum.
Sec. 4. *And be it further enacted*, That, in all cases where the Secretary Secretary of Treasury in reissuing notes may replace mutilated ones.of the Treasury is authorized by law to re-issue notes; he may replace such as are so mutilated or otherwise injured as to be unfit for use with others of the same character and amount; and such mutilated notes, and all others which by law are required to be taken up and not reissued, shall, when so replaced, or taken up, be destroyed in such manner and under such regulations as the Secretary of the Treasury may prescribe.
Approved, March 17, 1862.