Chapter XLVII. to authorize the President of the United States to transfer a Gunboat to the Government of the Republic of Liberia
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CHAP. XLVII.— An Act to authorize the President of the United States to transfer a Gunboat to the Government of the Republic of Liberia.April 17, 1866. *Be it enacted by the Senate and House of Representatives of the UnitedGunboat to be transferred to republic of Liberia at a valuation, States of America in Congress assembled,* That the President of the United States be, and he is hereby, authorized to transfer to the government of the republic of Liberia any one of the gunboats now or hereafter included in the navy of the United States, her armament, tackle, apparel and furniture, which may be acceptable to that government, and can, in the judgment of the Secretary of the Navy, be conveniently spared for that purpose, and upon a valuation to be fixed by him.
Sec. 2. *And be it further enacted,* That the Secretary of the Navy is authorized and directed to enter into a contract with any person duly empowered by the government of that republic, by which that government shall engage to repay to the United States the value of the gunboat to beHow to be paid for.40THIRTY-NINTH CONGRESS. Sess. I. Ch. 47, 48, 63, 65. 1866. transferred: *Provided,* That the contract shall stipulate for the full reimbursement to the United States of the value of such gunboat in annual instalments, not exceeding ten in number, with interest on each at six per centum per annum from the date of the contract.
Approved, April 17, 1866.