Governor of this State shall be notified by the President of the
United States, that the Secretary of the Treasury of the United
States has been required by law to issue to the State of Texas the
five millions of dollars of stock withheld under the provisions of
said act, approved September 9th, 1850, until certain creditors
shall have filed -releases at the Treasury of the United States, as
therein required ; or that said Secretary has been required bylaw
to issue to the State of Texas sums of said stock, equal to the
sums for which the State may at any time present the required
releases from any portion of said creditors, at the Treasury of the
United States; after which notice, such claim or claims shall be
paid as provided for in other cases; and upon payment of the
same, or any portion of said claims, the corresponding amount of
bonds of the reserved five millions, which the State may be entitled to receive under the proviso of this section, shall be drawn
for by the Comptroller, and deposited in the Treasury of the State,
and shall be regulated and transferred in the same manner as
provided for other bonds, and together with the surplus left of the
appropriation named in the first section of this act, after payment
of the sums to which it is to be applied, appropriated for, and paid
out only upon the claims embraced in articles first, second, fifth,
sixth, seventh, eighth, eleventh, twelfth and thirteenth of this act.
Sec 3. That it shall be the duty of the Comptroller, immediately after the passage of this act, to forward to the Secretary of
the Treasury of the United States, a schedule of the names of the
creditors, for the payment of whose claims conditional provision
is made by the second section of this act, stating the amount
to which each creditor is entitled.
Sec 4. That before the payment of any of the claims provided
for by this act, the claimant shall be required to sign a receipt to
the State of Texas, that the amount so received is in full liquidation and payment of the claim or claims so presented ; and also a
release exonerating the United States from all liability for the
same—said release to be in form as prescribed by the Secretary
of the Treasury, and approved by the President of the United
States, for releases under said act, approved September 9th, 1850,
and that~this act be~in force fram its passage.
Approved, January 31, 1852.
Extract from an act of Congress, U. S., September 9, 1850.
" Fourth. The United States, in consideration of said establishment of boundaries, cession of claim to territory, and relinquishment of claims, will pay to the State of Texas the sum of
ten millions of dollars in a stock bearing five per cent, interest,
and redeemable at the end of fourteen years—the interest payable half-yearly at the Treasury of the United States.