Chapter 11.
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CHAP. 11.— An act to amend an act approved June twentieth, eighteen hundred and seventy-eight and to fix the rate of interest on bonds authorized by said act to be issued by the Commissioners of the District of Columbia and for other purposes. Dec. 23, 1878. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the provision of the actDistrict of Columbia.1878, ch. 359,*Ante*, p. 208.Issue of bonds. making appropriation for sundry civil expenses approved June twentieth, eighteen hundred and seventy-eight, authorizing the Commissioners of the District of Columbia to issue bonds to redeem certain bonds of said District falling due January first and March first, eighteen hundred and seventy-nine, be, and the same is hereby, amended so that the last clause of the paragraph containing said provision shall read as follows:
“Said bonds shall be registered or coupon bonds and shall be of the denominationCharacter. of one hundred dollars or five hundred dollars or both and shall be payable twenty years after date, and bearing a rate of interest,Interest. not exceeding six per centum, and not to be sold for less than their parSales. value, and to be awarded to the most favorable bidder or bidders, after having been advertised by the Treasurer of the United States, as sinking- 260 FORTY-FIFTH CONGRESS.
Sess. III. Ch. 11, 12, 19. 1878–’79. fluid commissioner of said District, for ten successive insertions in two daily papers in Washington and two in New York; the bids to be opened in the presence of the Secretary of the Treasury, and the award to be subject to his approval. ” Sec. 2. Redemption of maturing bonds. That the Secretary of the Treasury be, and he is hereby, authorized to advance to the sinking-fund commissioner, upon requisition of the Commissioners of the District of Columbia, a sum not exceeding two hundred and eighty-one thousand and five hundred dollars, to pay the bonds of said District falling due as aforesaid, and the amount so advanced shall be reimbursed to the United States from the sale of the bonds to be issued in accordance with the provisions of this act.
Sec. 3. Re-assessment and census expenses. That the Commissioners of the District of Columbia be authorized to expend a sum not. exceeding ten thousand dollars to defray the expenses of the reassessment of real property and taking the census in said District, as directed in the act of Congress approved April third, eighteen hundred and seventy-eight. Approved, December 23, 1878.