TWENTY-SEVENTH CONGRESS. Sess.II. Ch.287. 1842.

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are hereby, appropriated, out of any moneys in the Treasury not other-wise appropriated.

Sec. 10. And be it further enacted, That the Secretary of the Navy shall, if the same can be done without detriment to the public service,appoint, with their consent, officers of the navy, not above the grade oflieutenants, to perform the duties of any clerkship created by this act,(except as herein otherwise provided,) who shall receive each for theirservices not more than nine hundred dollars per annum, including theirregular pay and rations; but the appointment of any officer in the navyto any of the offices or clerkships in this act, shall in no manner what-ever interfere with his grade in the service.

Sec. 11. And be it further enacted, That all acts, or parts of actsauthorizing the President of the United States , or the Secretary of theproper Department , under his direction to transfer any portion of themoneys appropriated for a particular branch of expenditure in that De-partment , to be applied to another branch of expenditure in the sameDepartment, be, and are hereby, so far as relates to the Department ofthe Navy , repealed.

Approved, August 31, 1842.

Officers, &c.may, with theirconsent, be ap-pointed to theclerkships.

Authority totransfer money,&.e., so fur asrelates to theNavy Depart-ment, repealed.

Chap. CCLXXXYII. — An Act to limit the sale of the public stock to par , and to

authorize the issue of 'Treasury notes , in lieu thereof \ to a certain amount, (a)

Be it enacted by the Senate and House of Bepresentatives of theUnited States of America in Congress assembled, That no stock autho-rized to be issued for a loan, by the act entitled “ An act authorizing aloan not exceeding the sum of twelve millions of dollars,” approvedJuly twenty-first, eighteen hundred and forty-one, and the act amenda-tory of the same, entitled “ An act for the extension of the loan ofeighteen hundred and forty-one, and for an addition of five million ofdollars thereto, and for allowing interest on Treasury notes due,” ap-proved April fifteenth, eighteen hundred and forty-two, shall hereafterbe sold below par; and in case the same cannot be sold at or above par,and the exigencies of the public service shall require the same, then andin that case the Secretary of the Treasury shall be, and hereby is,authorized to issue Treasury notes in lieu of so much thereof as cannotbe thus negotiated, to an amount not exceeding six millions of dollars.

Sec. 2. And be it further enacted , That the Treasury notes autho-rized to be issued by virtue of this act shall not be issued after the timelimited by said last mentioned act, being the fifteenth day of April,eighteen hundred and forty-three, for making said loan, and they shallbe issued under the provisions and limitations contained in the actentitled “ An act to authorize the issuing of Treasury notes,” approvedthe twelfth day of October, eighteen hundred and thirty-seven, and asmodified by the act entitled “ An act additional to the act on the sub-ject of Treasury notes,” approved March thirty-first, eighteen hundredand forty : Provided , That the notes authorized to be issued by virtueof this act may, when redeemed, be reissued, or new notes issued inlieu of such as may be redeemed within the time above prescribed forissuing the same, provided that not more than six millions in amountshall be outstanding at any one time under the authority of this act.

Sec. 3. And be it further enacted , That nothing in the act contained,entitled an act authorizing the loan, above referred to, and an act amen-datory of the same, shall be so construed as to authorize the issue ofcertificates of stock, for debts now due or to become due by the UnitedStates , for any other purpose than a bona fide loan to the Government

Statute II.

Aug. 31,1842.

[Obsolete.]

No stock au-thorized by actsof 21&t July1841, ch. 3, and15th April 1842,ch. 26, to besold below par.

Issue of trea-sury notes au-thoiized uponcertain contin-gencies.

Time for theissuing of thetreasury noteslimited.

To be issuedunder the pro-visions and lim-itations of actsof 12th October1837, ch. 2, and31st March1840, ch. 5.

Proviso.

Amount out-standing not toexceed $6,000,-000 .

Relative to theissuing of certi-ficates of stock.

(a) Notes of the acts authorizing the issuing of treasury notes, vol. 3, 766.

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