Volume 5 · 9
Public Law 24–L
to repeal so much of the act entitled “An act transferring the duties of Commissioner of Loans to the Bank of the United States, and abolishing the office of Commissioner of Loans,” as requires the Bank of the United Stales to perform the duties of Commissioner of Loans for the several States.
Approved April 11, 1836
Statutory text
An Act
to repeal so much of the act entitled “An act transferring the duties of Commissioner of Loans to the Bank of the United States, and abolishing the office of Commissioner of Loans,” as requires the Bank of the United Stales to perform the duties of Commissioner of Loans for the several States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the first, second
Act of March 3, 1817, ch. 38.
and third sections of the act entitled “An act transferring the duties of Commissioner of Loans to the Bank of the United States, and abolishing the office of Commissioner of Loans,” passed March third, eighteen hundred and seventeen, be, and the same are hereby repealed; and the Bank of the United States and its several branches, and such State Banks employed under the provisions of said act by the Bank of the United States, as have heretofore done and performed, or are now doing and performing, the duties of Commissioner of Loans, shall be, and they are hereby, required to transmit to the Secretary of the Treasury, immediately after the passing of this act, all the books, papers, and TWENTY-FOURTH CONGRESS. Sess. I. Ch. 52. 1836. records in their possession relating to their duties as Commissioners of Loans.
Sec. 2.
And be it further enacted, That the Bank of the United States
Banks to pay all money into the Treasury within three months.
and its several branches, and the State Banks employed by the Bank of the United States, performing the duties of Commissioners of Loans, shall be, and they are hereby required to pay into the Treasury of the United States, within three months after the passing of this act, ail the money in their possession for the redemption of the public debt of the United States, and the interest thereon remaining in their hands, which has not been applied for by the person or persons entitled to receive the same.
Sec. 3.
And be it further enacted, That it shall be the duty of the Secretary of the Treasury to pay over to the person or persons entitled to receive the same, the amount so received into the Treasury by virtue of the second section of this act, out of any money in the Treasury not otherwise appropriated.
Sec. 4.
And be it further enacted, That nothing contained in this act shall be construed to authorize the appointment of a Commissioner or Commissioners of Loans in any State, District, or Territory of the United States.
Approved, .