
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 43USC398]

 
                         TITLE 43--PUBLIC LANDS
 
  CHAPTER 12--RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
 
                SUBCHAPTER II--RECLAMATION FUND GENERALLY
 
Sec. 398. Sales of Government certificates to obtain funds for 
        advances
        
    For the purpose of providing the Treasury with funds for the 
advances to the reclamation fund, provided for in section 397 of this 
title, the Secretary of the Treasury is authorized to issue certificates 
of indebtedness of the United States in such form as he may prescribe 
and in denominations of $50, or multiples of that sum; said certificates 
to be redeemable at the option of the United States at any time after 
three years from the date of their issue and to be payable five years 
after such date, and to bear interest, payable semiannually, at not 
exceeding 3 per centum per annum; the principal and interest to be 
payable in gold coin of the United States. The certificates of 
indebtedness herein authorized may be disposed of by the Secretary of 
the Treasury at not less than par, under such rules and regulations as 
he may prescribe, giving all citizens of the United States an equal 
opportunity to subscribe therefor, but no commission shall be allowed 
and the aggregate issue of such certificates shall not exceed the amount 
of all advances made to said reclamation fund, and in no event shall the 
same exceed the sum of $20,000,000. The certificates of indebtedness 
herein authorized shall be exempt from taxes or duties of the United 
States as well as from taxation in any form by or under State, 
municipal, or local authority; and a sum not exceeding one-tenth of 1 
per centum of the amount of the certificates of indebtedness issued 
under this section is appropriated, out of any money in the Treasury not 
otherwise appropriated, to pay the expense of preparing, advertising, 
and issuing the same.

(June 25, 1910, ch. 407, Sec. 2, 36 Stat. 835.)


                            Cross References

    Gold coinage discontinued and gold coin withdrawn from circulation, 
see section 5118 of Title 31, Money and Finance.
    Provisions for payment in gold declared against public policy, and 
all obligations to be discharged upon payment, dollar for dollar, in any 
coin or currency which is legal tender for payment of debts, see section 
5118 of Title 31.

                  Section Referred to in Other Sections

    This section is referred to in sections 391a-1, 400 of this title.
