4
Statute I.
Jan. 22, 1824.
[Expired.]
Act of March4, 1814, ch. 20.
The term ofhalf pay pen-sions, to thewidows, &c. ofofficers, &c.who died in thepublic service,extended.
Act of March3, 1817, ch. 60,repealed.
Proviso.
Statute I.
Jan. 22, 1824.
[Obsolete.]
Commissionersof sinking fundto purchase, du-ring the year1824, seven percent, stock,to anamount not ex-ceeding 8,610,-000 dollars.
The commis-sioners author-
Chap. XV .—An Act further extending the term of half pay pensions to 'thewidows and children of officers, seamen, and marines, who died in the publicservice.
Beit enacted hy the Senate and House of Representatives of the UnitedStales of America, in Congress assembled, That in all cases whereprovision has been made by law for five years’ half pay to the widowsand children of officers, seamen, and marines, who were killed in battle,or who died in the naval service of the United States , during the late war;and, also, in all cases where provision has been made for extending theterm for five years, in addition to the first term of five years, the saidprovision shall be further extended for an additional term of five years,to commence at the end of the second term of five years, in each case,respectively, making the provision equal to fifteen years’ half pay ; whichshall be paid out of the fund heretofore provided by law; and the saidpensions shall cease, for the causes mentioned in the laws providing thesame respectively.
Sec. 2. And be it further enacted, That from and after the passingof this act, the act, entitled “ An act to amend and explain an act givingpensions to the orphans and widows of persons slain in the public orprivate armed vessels of the United States, ” passed March the third, onethousand eight hundred and seventeen, be, and the same is hereby, re-pealed : Provided, however, That nothing in this act contained shall beconstrued to prevent the payment of any pension already granted, untilthe full expiration of the period thereof: nor to affect or impair the rightsof any person or persons which may have accrued during the existenceof the act hereby repealed, as aforesaid.
Approved, January 22, 1824.
Chap. XVI .—An Act authorizing the commissioners of the sinking fund to pur-chase the seven per cent, stock if the United States , in the year one thousand eighthundred and twenty-four.
Be it enacted by the Senate and House of Representatives of the UnitedStates of America, in Congress assembled, That the commissioners of thesinking fund be, and they are hereby, authorized to purchase, during theyear one thousand eight hundred and twenty-four, any stock of theUnited States , bearing an interest of seven per centum per annum, notexceeding the sum of eight millions six hundred and ten thousanddollars, upon such terms as they may think proper, not exceeding thefollowing rates above the principal sum purchased, that is to say :
For all such stock as they may purchase before the first day of Aprilnext, at a rate not exceeding two dollars for every sum of one hundreddollars, in addition to the interest which would have accrued on that dayupon the said stock:
For all such stock which they may purchase between the first day ofApril and the first day of July next, at a rate not exceeding seventy-fivecents on every sum of one hundred dollars, in addition to the interestwhich would have accrued on the day last mentioned:
For all such stock which they may purchase between the first day ofJuly and the first day of October next, at a rate not exceeding, onevery sum of one hundred dollars, the amount of interest which wouldhave accrued on the day last mentioned: and
For all such stock which they may purchase between the first day ofOctober next, and the first day of January, one thousand eight hundredand twenty-five, at a rate not exceeding the principal and the interestwhich shall have accrued at the day of purchase.
Sec. 2. And be it further enacted, That the said commissioners arehereby authorized to make such purchases, under the foregoing restric-