Volume 29
Public Law 54–239
To amend section thirty-seven hundred and nineteen of the Revised Statutes relative to guarantees on proposals for naval supplies.
Approved May 25, 1896
Statutory text
An Act
To amend section thirty-seven hundred and nineteen of the Revised Statutes relative to guarantees on proposals for naval supplies.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section thirty-seven hundred
Naval supplies.
and nineteen of the Revised Statutes be, and the same is hereby, amended by adding thereto the following:
“Provided, That, the Secretary of the Navy may, in his discretion,
Certified check may be accepted as security for proposals, etc.
R. S., sec. 3719, p. 735, amended.
accept, in lieu of the written guaranty required to accompany a proposal for naval supplies, and in lieu of the bond required for the faithful performance of a contract for furnishing such supplies, a certified check, payable to the order of the Secretary of the Navy, for the full amount of such proposal or contract, the check to be held by the Secretary of the Navy until the requirements of the proposal or contract shall be complied with and as a guaranty for compliance with the same.”
Approved, May 25, 1896.