Chapter CCXXIX. providing for refunding the interest paid by the State of Massachusetts on Money expended by her on Account of the War of eighteen hundred and twelve to eighteen hundred and fifteen
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CHAP. CCXXIX.— An Act providing for refunding the interest paid by the State of Massachusetts on Money expended by her on Account of the War of eighteen hundred and twelve to eighteen hundred and fifteen.July 8, 1870. *Be it enacted by the Senate and House of Representatives of the UnitedAllowance to be made upon the claim of Massachusetts for interest upon money expended, &c. States of America in Congress assembled,* That there be allowed on the claim of the State of Massachusetts, for interest paid by her on money expended by said State on account of the war with Great Britain in eighteen hundred and twelve to eighteen hundred and fifteen, the sum198FORTY-FIRST CONGRESS.
Sess. II. Ch. 229, 230. 1870. of six hundred and seventy-eight thousand three hundred and sixty-two dollars and forty-one cents, in full of said claim; and whereas by an arrangement made by the said State of Massachusetts and the State of Maine, at the time of their separation, in eighteen hundred and twenty, the said State of Maine becomes the owner of one third of this claim; and whereas both of said States have assigned their respective interests in said claim to the European and North American Railway Company of Maine, to aid said company in constructing its line of railway, the Secretary of the Treasury is hereby authorized and directed to pay one thirdOne third to be paid to Maine and two thirds to Massachusetts, and all for the benefit of the European and North American Railway Co. part of the said claim of six hundred and seventy-eight thousand three hundred and sixty-two dollars and forty-one cents to the State of Maine, and the other two thirds part thereof to the State of Massachusetts, by an issue to each of said States for the use and benefit of said European and North American Railway Company, of an amount of United States certificates of indebtedness equal to its share in the whole sum allowed and to be paid; said certificates to be of the denominationCertificates of indebtedness, form, interest, &c. of one thousand dollars each, to be made and issued by the Secretary of the Treasury in such form, and signed, attested, and registered as he shall direct, and with or without interest warrants as he may prefer.
Each certificate to run five years from its date, to draw interest, payable semiannually, at the rate of four per centum per annum, and to be payable, both principal and interest, in lawful money of the United States, to be hereafter appropriated and provided for by Congress. Sec. 2. *And be it further enacted,* That the acceptance by the saidAll claims by Massachusetts, Maine, &c. for, &c. to be liquidated hereby. States of Massachusetts and Maine and the said European and North American Railway Company of the amount hereby authorized to be paid to each of said States for the use and benefit of said railway company shall be held and regarded as a full adjustment and payment of any and all claims for interest as aforesaid, and also a complete adjustment, liquidation, and payment of any and all other claims of the said States of Massachusetts and Maine, and of said railway company, or either of them, against the United States for and on account of any matters arising from any money expended by said State of Massachusetts on account of the war with Great Britain, in eighteen hundred and twelve to eighteen hundred and fifteen, or any interest thereon, or on account of any matters arising out of or accruing from the treaty with Great Britain known as the treaty of Washington, or for or on account of any other matters whichVol. viii. p. 572. have been assigned by said States of Massachusetts and Maine to said railway company.
Approved, July 8, 1870.