34
Moneys re-ceived from thesale of certifi-cates of saidstock, to be ap-plied to the pay-ment of theawards underthe treaty withSpain .
Proviso.
Interest ac-cruing on saidstock to be paidout of the trea-sury.
Statute I.May 24, 1824.
Course to bepursued in sur-veying lands.
Statute I.
of the United States , or others, at a sum not less than the par value there-of, certificates of stock of the United States , to any amount not exceed-ing the sum of five millions of dollars, and bearing an interest of notexceeding four and one half per centum per annum, from the period ofthe sale thereof; which stock, so created, shall be redeemable at thepleasure of the United States , at any time after the first day of January, inthe year one thousand eight hundred and thirty-two. And, upon thesale of such stock, in manner aforesaid, credit or credits to the pro-prietors thereof, shall thereupon be entered and given on the books ofthe treasury, in like manner as for the present funded debt; which saidcredits or stock shall thereafter be transferable as other public stock of theUnited States .
Sec. 2. And be it further enacted, That the moneys which may bereceived from the issuing and sale of the aforesaid certificates'of stock,shall [be,] and the same are hereby, directed to be applied to the pay-ment and discharge of the awards of the commissioners under the treatywith Spain , of the twenty-second day of February, in the year eighteenhundred and nineteen. Provided, also, That in all cases where the per-son or persons, in whose name, or for whose benefit and interest, theaforesaid awards shall be made, shall be in debt and in arrears to theUnited States , the Secretary of the Treasury shall retain the same out ofthe amount of the aforesaid awards, in the first instance, and a warrantor certificate, as the case may be, shall only issue for the balance, (a)
Sec. 3. And be it further enacted, That a sum, equal to what willbe necessary to pay the interest which may accrue on the said stock, tothe end of the present year, be, and the same is hereby, appropriated forthat purpose, to be paid out of any moneys in the treasury not otherwiseappropriated.
Approved, May 24, 1824.
Chap. CXLI. —An Act changing the mode of surveying the public lands, on anyriver, lake, bayou, or water-course.
Be it enacted by the Senate and House of Representatives of the UnitedStates of America, in Congress assembled, That, whenever, in the opin-ion of the President of the United States , a departure from the ordinarymode of surveyingland on any river, lake, bayou, or water-course, would pro-mote the public interest, he may direct the surveyor general, in whosedistrict such land is situated, and where the change is intended to be made,under such rules and regulations as the President may prescribe, to causethe lands thus situated, to be surveyed in tracts of two acres in width,fronting on any river, bayou, lake, or water-course, and running back thedepth of forty acres; which tracts of land, so surveyed, shall be offeredfor sale entire, instead of in half-quarter sections, and in the usual manner,and on the same terms, in all respects, as the other public lands of theUnited States .
Approved, May 24, 1824.
Chap. CXLY . —An Act to alter the times of holding the circuit and district courtsof the United States for the district of South Carolina . (£>)
Be it enacted by the Senate and House of Representatives of the UnitedStates of America, in Congress assembled, That instead of the times now'
(a) If, under the act of May 24, 1824, ch. 140, sec. 2, the Secretary of the Treasury omit to retainthe amount of debt due to the United States from a person entitled by an award under the Spanish treaty, from money provided for the payment of such award, it does not prejudice the United States toproceed for payment of such debts against the general assignee, who has received the money from thetreasury. The United States v. William Hunter, 5 Mason, C. C. It. 62.
( b) Circuit and district courts in South Carolina .
Act of September 24, 1789, (obsolete,) ch. 20, sec. 3.
An act to alter the times for holding the circuit courts of the United States, in the district of South
May 25, 1824.
The times forholding the cir-