The Laws of Texas, 1822-1897 Volume 2 Page: 454
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280
Laws of the Republic of Texas.
promissory notes for the amount so presented, which certificates
so issued shall bear on the face of them an annual rate -ef interest
of ten per cent. payable semi-annually in gold or silver at the
Treasury department to the holder thereof; the first payment of
interest to be made on the fifteenth day of December next, and said
certificates shall be made redeem'able at the pleasure of the government
after the 30th day of June, 184.5.
Sec. 3. Be it further enacted, That all other liabilities of the
Government which may have been properly and regularly audited,
shall be admitted for funding, and certificates for the same
shall be issued by the Stock Commissioner bearing the same rate of
interest of ten per cent. and payable semi-annually in gold or silver,
the first payment of interest to be made on the first day of
March 1841, and also redeemable at the pleasure of the government
as provided in the foregoing section.
Sec. 4. Be it further enacted, That from and after the first
day of July next ensuing, the Promissoir notes of the Government
which may be presented for funcling, shall only be entitled to receive
front the Stock Commissioner, certificates of stock bearing a
rate of interest of eight per cent per annum, interest payable semiannually
in gold or silver, the first payment of interest to be made
on the 15th day of April, 1841, and redeemable in the manner
provided in the second section of this act.
Sec. 5. Be it further enacted, That it shall be the duty of the
Stock Commissioner to keep such books of record and of account
as the Secretary of the Treasury may direct, besides making and
preserving proper files of all vouchers and evidences of debt which
may be presented for funding, and also a book in which all persons,
who may fund Promissory notes or other liabilities of the government,
shall subscribe his, her, or their names and proper and usual
signatures, opposite to the recorded numbers of the certificates of
stock which he, she or they may have issued to them, and receive
from the Stock Commissioner; which books shall only be subject to
the inspection of the Secretary of the Treasury and the Treasurer.
Sec. 6. Be it further enacted, That so much of all previous laws
which have been enacted, as in their provisions conflict with this,
be and the same are hereby repealed.
DAVID S. KAUFMAN,
Speaker of the House of Representatives.
DAVID G. BURNET,
President of the Senate.(454)
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1822-1897 Volume 2, book, 1898; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth6726/m1/458/: accessed May 5, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .