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removed, any thing herein contained that might be construed to the contrary notwithstanding ; and also the bonds, which they or either of them have given or may give, for the faithful execution of their several duties and of fices, shall continue to have the same force and effect, to all intents and purposes, as though this act had not been passed.
Sec. 16. And be it further enacted, That Commence.
this act shall be in force from and after the mination of first day of April next, for the term of three this act.
years, and from thence to the end of the ses.
ment and ter
J. B. VARNUM,
March 2, 1811.
AN ACT to establish the districts of Mumphrey.
magog, of Oswegatchie and of the White Moun
E it enacted by the Senate and House of
Representutives of the United States of America, in Congress assembled, That from and after the first day of April next, all that
part of the state of Vermont, lying east of lake MumphreyMumphreymagog, and including also all such magog disshores and waters of the said lake, as lie within the said state, shall constitute a district, to be called the district of Mumphreymagog; of which Derby shall be the sole port of entry; and a collector for the said district shall be appointed to reside at the said port of entry.
Sec. 2. And be it further enacted, That Oswegatchie from and after the first day of April next, all district estathe shores and waters of the river St. Lau. rence, which lie in the state of New York, east of the western boundary of the county of St. Laurence, and west of the western boundary of the collection district of Champlain, shall constitute a district to be called the district of Oswegatchie, of which Ogdenburgh shall be the sole port of entry, and a collector for the said district shall be appointed to reside at Ogdenburgh. And the President of the United States is authorised to establish another place in the said district to be a port of delivery only; and a surveyor shall be appointed to reside at such port of delivery.
Sec. 3. And be it further enacted, That White all that part of the state of New Hampshire Mountains which lies adjacent to the northern boundary district
. estaof the United States, and north of forty-four degrees thirty minutes north latitude, shall from and after the first day of April next, constitute a district to be called the district of “ White Mountains ;" the President of the United States is authorised to establish a place in the said district to be the port of entry; and a collector shall be appointed to reside at the said place.
Sec. 4. And be it further enacted, That Port of entry the President of the United States be, and he for district of
Vermont may is hereby authorised to alter the place which be altered.
Compensa. tions of the collectors.
had heretofore been designated to be the port
Sec. 5. And be it further enacted, That
J. B. VARNUM,
AN ACT authorising a loan of money, for a sun
not exceeding five millions of dollars.
Representatives of the United States of
President of the United States be, and he is President auhereby empowered to borrow, on the credit thorised to of the United States, a sum not exceeding millions of five millions of dollars, at a rate of interest, dollars. payable quarter-yearly, not exceeding six per centum per annum, and reimbursable at the pleasure of the United States, or at such periods as may be stipulated by contract, not exceeding six years from the first day of January next; to be applied in addition to the monies now in the treasury, or which may be received therein from other sources during the present year, to defray any of the public expenses which are or may be authorised by law. The stock thereby created shall be transferrable in the same manner as is provided by law for the transfer of the funded debt : And it is further hereby declared, That it Proviso. shall be deemed a good execution of the said power to borrow, for the secretary of the treasury, with the approbation of the President of the United States, to cause to be constituted certificates of stock, signed by the register of the treasury, or by a commissioner of loans for the sum to be borrowed, or for any part thereof, bearing an interest of six per cent. per annum, transferrable and reimbursable as aforesaid ; and to cause the said certificates of stock to be sold at auction, after having given thirty days public notice of the time and place of such sale : Provided, That no such stock be sold under par.
Sec. 2. And be it further enacted, That Funds pledg. so much of the funds constituting the annual ed for paying appropriation of eight millions of dollars, for interest
, &c. the payment of the principal and interest of the public debt of the United States, as may be wanted for that purpose, is hereby pledged and appropriated for the payment of the inte
rest, and for the reimbursement of the princi. pal of the stock, which may be created by virtue of this act. It shall accordingly be the duty of the commissioners of the sinking fund to cause to be applied and paid out of the said fund yearly, and every year, such sum and sums as may be annually wanted to discharge the interest accruing on the said stock, and to reimburse the principal as the same shall become due, and may be discharged in conformity with the terms of the loan and they are further authorised to apply, from time to time, such sum or sums out of the said fund, as they may think proper, towards redeeming by purchase, and at a price not above par, the principal of the said stock or any part thereof. And the faith of the United States is hereby pledged to establish sufficient revenues for making up any deficiency that may hereafter take place in the funds hereby appropriated for paying the said interest and principal sums, or any of them in manner aforesaid.
J. B. VARNUM,
Speaker of the House of Representatives,
President of the Senate, pro tempore.
March 2, 1811.