Chapter 224. For the relief of the Merchants' National Bank of Poughkeepsie, New York
344 words·~2 min read·
/statutes-at-large/vol-36/chapter-224-8311046·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 224.— An Act For the relief of the Merchants' National Bank of Poughkeepsie, New York. May 9, 1910.[[H. R. 6935](/us/bill/61/hr/6935).][[Private, No. 67](/us/pvt/61/67).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the Secretary of the Merchants’ National Bank, Poughkeepsie, N. Y. Redemption of duplicate bond held by. Vol. 16, p. 272.Treasury be, and be hereby is, authorized and directed to redeem a certain duplicate United States bond issued in place of a certain United States bond numbered ten thousand three hundred and seven, for ten thousand dollars, under Act of July fourteenth, eighteen hundred and seventy (consols of nineteen hundred and seven), inscribed in the name of the Dutchess County Mutual Insurance Company, and assigned in blank, held by said Merchants’ National Bank of Poughkeepsie, New York, and lost or destroyed on or about the twenty-fourth day of July, eighteen hundred and eighty, which said duplicate bond is registered in the name of the Merchants’ National Bank of Poughkeepsie, New York.
Appropriation. Sec. 2.That the Secretary of the Treasury is authorized and directed to pay in full redemption and satisfaction of said bond and duplicate to the Merchants’ National Bank of Poughkeepsie, New York, out of any moneys not otherwise appropriated, forthwith the- sum of ten thousand dollars, together with interest, if any, accrued thereon at four per centum to the first day of July, nineteen hundred and seven, the date when said bond was called for redemption and payment: *Proviso.* Indemnity bond continued.
Vol. 25, p. 1069.*Provided, however,* That the indemnity bond executed and filed by the Merchants’ National Bank of Poughkeepsie, New York, pursuant to the terms of said Act of Congress, passed the twenty-first day of May, eighteen hundred and eighty-eight, shall stand and remain as a continuing liability to secure the United States from any loss, cost, or damages, or claims made on account of said original bond. In effect. Sec. 3.That this Act shall take effect immediately upon approval and passage of same.
Approved, May 9, 1910.