And cre

entered.

than 100 dollars to be illued.

that certificates, for fums not lefs than one dits to be hundred dollars, pursuant to the provifions herein contained, fhall be iffued by the RegifCertificates ter of the Treafury; which fhall be transferfor not leis able in like manner, and by the like ways and means, as are provided by the feventh fection of the act, intitled, " An act making provision for the debt of the United States," touching the credits or flock therein-mentioned; and that the intereft to be paid upon the stock, which fhall be constituted by virtue of the loan herein propofed, fhall be paid at the offices or places, where the credits for the fame fhall, from time to time, ftand or be; fubject to the like conditions and reftrictions as are prefcribed in and by the eighth fection of the act laft aforefaid.

How the

power to borrow may be executed.

Sec. 3. And be it further enacted, That it fhall be deemed a good execution of the powto borrow, herein granted, for the said commiffioners of the finking fund, to caufe to be conftituted, certificates of ftock of the defcription herein-mentioned, and to cause the fame to be fold in the United States, or elsewhere: Provided, That no more than one moiety of the said stock shall be fold under par: And it fhall be lawful for the commiffioners of the finking fund, if they fhall find the fame to be moft advantageous, to fell fuch and fo many of the shares of the ftock of the bank of the United States, belonging to the United States, as they may think proper; and that they apply the proceeds thereof, to the payment of the faid debts, instead of felling certificates of stock, in the manner prefcribed in this act. And fuch of the revenues of the United States, heretofore appropriated for the payment of intereft of debts, thus discharged, shall be,

ation for

and the fame are hereby pledged and appro- Appropri priated, towards the payment of the intereft, payment of and instalments of the principal, which fhall the intercit. hereafter become due, on the loan obtained of the bank of the United States, pursuant to the eleventh fection of the act for incorporating the subscribers to the faid bank.

Funds ap

ment of in

Sec. 4. And be it further enacted, That fuch of the revenues of the United States, hereto- propriated fore appropriated for the payment of intereft for pay on fuch debts as may be liberated or fet free, tereft and by payments from the proceeds of the loan principal. herein propofed, together with fuch further fums of the proceeds of the duties on goods, wares and merchandize imported; on the tonnage of fhips or veffels; and uponfpirits diftilled in the United States, and ftills; as may be neceffary, fhall be, and the fame are hereby pledged and appropriated for the payment of the intereft which fhall be payable upon the fums fubfcribed to the faid loan; and fhall continue fo pledged and appropriated, until the principal of the faid loan fhall be fully reimburfed and redeemed.

the year

Sec. 5. And be it further enacted, That the Principal principal of the faid loan, bearing intereft as irredeemaforefaid, fhall remain fixed and irredeemable able untilby the United States, until the clofe of the 1819. year one thoufand eight hundred and nineteen; after which period, the faid loan fhall be redeemed, at the pleasure of the United States: And the funds which shall be liberated by the discharge of the ftock of the United States, bearing a prefent intereft of fix per centum, or fo much thereof, as may be neceffary, fhall be, and the fame are hereby pledged and appro-. priated for the faid redemption.

Duty of Sec. 6. And be it further enacted, That the department department of the Treafury, according to the

treasury

herein.

refpective duties of the officers thereof, fhall, and they are hereby directed to establish such forms and rules of proceeding, touching the execution of this act, as fhall be conformable with the provifions thereof,

JONATHAN DAYTON, Speaker of
the House of Reprefentatives.

SAMUEL LIVERMORE, Prefident of the
Senate pro tempore.

APPROVED, May the 31ft, 1796:

GEORGE WASHINGTON,

Prefident of the United States.

Pafport

formed by Secretary

CHAPTER XLV.

An Act providing Paffports for the Ships and
Veffels of the United States.

Sec. I.

BE

E it enacted by the Senate and Houfe of Reprefentatives of the United States of America, in Congress affembled, That of State to it fhall be the duty of the Secretary of State, be approv- to prepare a form, which, when approved by ed by the Prefident. the Prefident, fhall be deemed the form of a paffport for fhips and veffels of the United States.

Sec. 2. And be it further enacted, That every ship and veffel of the United States, going to any foreign country, fhall, before the de

ed there

parts from the United States, at the request veTels to of the mafter, be furnished by the collector for be furnit the district, where fuch fhip or veffel may be, with. with a passport of the form prefcribed and eftablished, pursuant to the foregoing fection; for which paffport, the master of fuch fhip or veffel, fhall pay to the faid collector, ten dollars, to be accounted for by him; and in order to be entitled to fuch paffport, the mafter of every fuch fhip or veffel fhall be bound with fufficient fureties, to the Treasurer of the United States, in the penalty of two thoufand dollars, conditioned, that the faid paffport fhall not be applied to the ufe or protection of any other fhip or veffel, than the one defcribed in the fame; and that, in cafe of the lofs on fale or or fale of any fhip or veffel having fuch paff- lofs of the port, the fame fhall, within three months, be hip, pait. delivered up to the collector from whom it was delivered received, if the lofs or fale take place within "P. the United States; or within fix months, if the fame fhall happen at any place nearer than the Cape of Good-Hope; and within eighteen months, if at a more diftant place.

port to be

tors cer

voyage.

Sec. 3. And be it further enacted, That there Veffels to fhall be paid on every fhip and veffel of the pay collee United States failing or trading to any foreign tain fums country, other than fome port or place in every America, for each and every voyage, the fum of four dollars, to be received and accounted for, by the collector, at the time of clearing outward, if fuch veffel be bound direct to fuch foreign country, from any port of the United States, or at the time of entry in the United States, if fuch fhip or veffel fhall have failed to fuch foreign country, from any port or place in America, other than of the United States.

Penalty on falling without paffport after first September.

Sec. 4. And be it further enacted, That if any fhip or veffel of the United States, fhall depart therefrom, after the first day of September next, and fhall be bound to any foreign country, other than to fome port or place in America, without fuch passport, the master of fuch fhip or veffel fhall forfeit and pay the fum of two hundred dollars for every fuch offence. JONATHAN DAYTON, Speaker of the House of Reprefentatives.

SAMUEL LIVERMORE, Prefident of the

Senate pro tempore.

APPROVED, June the first, 1796:

GEORGE WASHINGTON,

Prefident of the United States.

SurveyorGeneral to cause certain lands to be furveyed.

CHAPTER XLVI.

An Act regulating the Grants of Land appro priated for military Services, and for the Society of the United Brethren, for propagating the Gospel among the Heathen.

Sec. 1.

B'

E it enacted by the Senate and Houfe of Reprefentatives of the United States of America, in Congress affembled, That the Surveyor-General be, and he is hereby required, to caufe to be furveyed, the tract of land beginning at the north-west corner of the feven ranges of townfhips, and running thence fifty miles due fouth, along the weftern boundary of the faid ranges; thence due weft to the main branch of the Scioto river; thence up the main branch of the faid river, to the place where the Indian boundary-line croffes