Congressional Serial Set Volume 3288 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 Excerpt: ...of the respective proprietors, to authorize the transfer of such stock from the books of one commissioner to those of another commissioner, or to those of the Treasury, and from those of the Treasury to those of a commissioner. inter.i Sec. 8. And be itfurtlwr enacted, That the interest upon the said stock, as the same shall become due, shall be payable quarter yearly--that is to say: One fourth part thereof on the last day of March: one other fourth part thereof on the last day of June: one other fourth part thereof on the last day of September; and the remaining fourth part thereof on the last day of December in each year, beginning on the last day of March next ensuing; and payment shall be made wheresoever the credit for the said stock shall exist at the time such interest shall become due--that is to say: At the Treasury, if the credit for the same shall then exist on the books of the Treasury, or at the office of the commissioner upon whose books such credit shall theu exist But if the interest for one quarter shall not be demanded before the expiration of a third quarter, the same shall be afterwards demandable only at the Treasury. Non-.ni-crifc And as it may happen that some of the creditors of the ii croditor United States may not think fit to become subscribers to the said loan: 11 r, r right not SEO. 9. I'.c it further enacted, That nothing in this act cento impaired. Qg 8naii oe construed in any wise to alter, abridge or impair the rights of those creditors of the United States, who shall not subscribe to the said loan, or the contracts upon which their respective claims are founded; but the said contracts and rights shall remain in full force and virtue. And that such creditors may not be excluded from a participation in the benefit hereby...