Chapter XXIII. *to amend an Act entitled “An Act to authorize the Refunding of the national Debt.”* Jan. 20, 1871.1870, ch. 256.*Ante*, p. 272. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Amount of five per cent bonds may be increased to $500,00
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CHAP. XXIII.— An Act *to amend an Act entitled “An Act to authorize the Refunding of the national Debt.”* Jan. 20, 1871.1870, ch. 256.*Ante*, p. 272. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Amount of five per cent bonds may be increased to $500,000,000, and interest made payable quarterly. That the amount of bonds authorized by the act approved July fourteen, eighteen hundred and seventy, entitled “An act to authorize the refunding of the national debt,” to be issued bearing five per centum interest per annum, be, and the same is, increased to five hundred millions of dollars, and the interest of any portion of the bonds issued under said act, or this act, may, at the discretion of the Secretary of the Treasury, be made payable quarter-yearly: *Provided,Proviso.Total amount not to exceed, &c. however*, That this act shall not be construed to authorize any increase of the total amount of bonds provided for by the act to which this act is an amendment.
Approved, January 20, 1871.