Chapter XVI. authorizing the commissioners of the sinking fund to purchase the seven per cent. stock of the United States, in the year one thousand eight hundred and twenty-four

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Chap. XVI.— An Act authorizing the commissioners of the sinking fund to purchase the seven per cent. stock of the United States, in the year one thousand eight hundred and twenty-four.January 22, 1824.[Obsolete.] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* ThatCommissioners of sinking fund to purchase, during the year 1824, seven per cent, stock, to an amount not exceeding 8,610,- 000 dollars. the commissioners of the sinking fund be, and they are hereby, authorized to purchase, during the year one thousand eight hundred and twenty-four, any stock of the United States, bearing an interest of seven per centum per annum, not exceeding the sum of eight millions six hundred and ten thousand dollars, upon such terms as they may think proper, not exceeding the following rates above the principal sum purchased, that is to say:

For all such stock as they may purchase before the first day of April next, at a rate not exceeding two dollars for every sum of one hundred dollars, in addition to the interest which would have accrued on that day upon the said stock: For all such stock which they may purchase between the first day of April and the first day of July next, at a rate not exceeding seventy-five cents on every sum of one hundred dollars, in addition to the interest which would have accrued on the day last mentioned:

For all such stock which they may purchase between the first day of July and the first day of October next, at a rate not exceeding, on every sum of one hundred dollars, the amount of interest which would have accrued on the day last mentioned: and For all such stock which they may purchase between the first day of October next, and the first day of January, one thousand eight hundred and twenty-five, at a rate not exceeding the principal and the interest which shall have accrued at the day of purchase.

Sec. 2. *And be it further enacted,* ThatThe commissioners authorized to make such purchases under certain restrictions. the said commissioners are hereby authorized to make such purchases, under the foregoing restric-EIGHTEENTH CONGRESS. Sess. I. Ch. 17, 20, 22. 1824.5tions, at such times and places as they may deem most expedient, out of any moneys in the treasury, heretofore appropriated for the redemption of the public debt, or out of any money in the treasury not otherwise appropriated.

Approved, January 22, 1824. Chapter XVII: to authorize the surveying and making a road from a point opposite to Memphis, in the state of Tennessee, to Little Rock, in the territory of Arkansas. 4 Stat. 5 1824-01-31 Chapter XVII United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-11-26 18 1 public

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authorizing the commissioners of the sinking fund to purchase the seven per cent. stock of the United States, in the year one thousand eight hundred and twenty-four
Chapter XVI

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Chapter XVI

authorizing the commissioners of the sinking fund to purchase the seven per cent. stock of the United States, in the year one thousand eight hundred and twenty-four

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Stat.Chapter XVI

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