Chapter V. *additional to the act on the subject of Treasury Notes*.(*a*)(*a*) Notes of the acts which have been passed relative to the issuing and reimbursement of Treasury notes, vol. 2, 766
267 words·~1 min read·
/statutes-at-large/vol-5/chapter-v-1620622·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chap. V.— An Act *additional to the act on the subject of Treasury Notes*.(*a*)(*a*) Notes of the acts which have been passed relative to the issuing and reimbursement of Treasury notes, vol. 2, 766. March 31, 1840. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Act of 12th Oct. 1837, ch. 2, &c. renewed. That the regulations and provisions contained in the act passed the twelfth day of October, in the year one thousand eight hundred and thirty-seven, entitled “An act to authorize the issuing of Treasury Notes,” and in the subsequent acts in addition thereto, be, and the same are hereby, renewed, and made in full force, excepting the limitations concerning the times within which such notes may be issued, mid restricting the amount thereof as hereafter provided.
Sec. 2. Treasury notes may be issued in lieu of others redeemed.*And be it further enacted*, That under the regulations and provisions contained in said act, Treasury Notes may be issued in lieu of others hereafter or heretofore redeemed, but not to exceed in the amount of notes outstanding at any one time, the aggregate of five millions of dollars; and to be redeemed sooner than one year, if the means of the Treasury will permit, by giving notice sixty days of those notes which the Department is ready to redeem; no interest to be allowed thereon after the expiration of said sixty days.
Sec. 3. *And be it further enacted*, That this act shall continue in force one year and no longer. Approved, March 31, 1840.