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TEXAS STATE LIBRARY
of the Water you will find on the next page a section which together with 3 other sections on specific gu [a] rantees I think it would be well to pass.-You see Dear Sir I write to you quite like an old acquain- tance, but indeed on no other authority than my intimacy with your friends here my respect for your own character my interests in your County.-In conclusion allow me to assure you of the esteem & respect with which I am faithfully yours J Hamilton P. S. [on page 1] I have ventured to write you a very long letter which I hope at a moment of your leisure you will be able carefuly to read. Your reply be so kind as to direct to Charleston. P. S. [on page 9] The third as well as second sections of the [a] ct I deemd of great importance to a successful negociation of your Loan. As the best negociation might be lost by the time necessary to send out to the U S for fresh powers;- an unreasonable distrust might defeat the best operation. You ought not to appoint any Commissioners who have not your entire confidence. P. S. [on page 11] The two sections of the additional law 2 I merely give a rough draft: It must be put in form- I believe with these sections a successful & highly advantageous negociation of your Loan may be made in the U. S. or in Europe early in the spring. Sec. 1st. -Be it enacted that the President of this Republic be authorized by his Letters patent to empower the Commissioners ap- pointed to negociate a ;Loan (under the authority of an act passed the 16t. May 1838.- entitled an act '' to authorize the President to negotiate a Loan on the Bonds of the Government not exceeding five millions of Dollars) to affix the seal of this Republic to any Bond or Bonds they may issue sell or negociate by virtue of or under the authority of said act.- Sec 2d Be it further enacted by the authority aforesaid in case the Commissioners appointed by the aforesaid act of the 16 May 1838. to negociate the said Loan should in pursuance of said object have to go to Europe to sell the Bonds or Certificates of Stock of said Loan they are hereby fully authorized and empowered on the sale of the said Bonds to receive the proceeds of said sale from the purchasers on the transfer & delivery of said Bonds or Certificates of Stock but it shall be their duty to deposit the nett proceeds in the Bank of England same to the credit of such Bank or :fiscal agent of the Republic of Texas in the United States as may be appointed or desig- nated by the President of this Republic to be drawn for as he may direct.- Sec. 3d. Be it further enacted that pending any negociation of said Bonds in Europe in case of the death of either one of the said •ct. the following draft with no. 806.
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