Chapter 25. Prescribing certain provisions and conditions under which bonds and certificates of indebtedness of the United States may be issued, and for other purposes
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CHAP. 25.— An Act Prescribing certain provisions and conditions under which bonds and certificates of indebtedness of the United States may be issued, and for other purposes. February 4, 1910.[[H. R. 19548](/us/bill/61/hr/19548).][[Public, No. 33](/us/pl/61/33).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Bonds, etc., of United States.Principal and interest payable in gold. That any bonds and certificates of indebtedness of the United States hereafter issued shall be payable, principal and interest, in United States gold coin of the present standard of value; and that such bonds may be issued in such denominations as may be prescribed by the Secretary of the Treasury.
Sec. 2. Exemption from taxes. That any certificates of indebtedness hereafter issued shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under state, municipal, or local Appropriation for expenses of issue, etc.authority; and that a sum not exceeding one-tenth of one per centum of the amount of any certificates of indebtedness issued is hereby appropriated, out of any money in the Treasury not otherwise appropriated, to pay the expenses of preparing, advertising, and issuing the same.
Sec. 3. Inconsistent laws repealed. That all Acts or parts of Acts inconsistent with the provisions of this Act are hereby repealed. Approved, February 4, 1910.