Vol. I, Laws     (Compiled to December 1, 1902)

Compiled and edited by Charles J. Kappler. Washington : Government Printing Office, 1904.

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CHAP. 122 | CHAP. 263 | CHAP. 289

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Chapter 122

Margin Notes
Chap. 122 Treasurer of U.S. to be custodian of Indian trust securities.
    R. S., 3659.
    1880, Apr. 1, c. 41, post, p. 28.
Chap. 122 to collect interest and issue certificates of deposit.
Chap. 122 to make future purchases and sales.
    R. S., 2095-2097, 3659.
Chap. 122 without affecting supervisory powers of Secretary of Interior.

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Chapter 122
    June 10, 1876. | 19 Stat., 58.
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An act transferring the custody of certain Indian trust-funds.

Be it enacted, &c., That all stocks, bonds, or other securities or evidences of indebtedness now held by the Secretary of the Interior in trust for the benefit of certain Indian tribes shall, within thirty days from the passage of this act, be transferred to the Treasurer of the United States, who shall become the custodian thereof;

And it shall be the duty of said Treasurer to collect all interest falling due on said bonds, stocks, &c., and deposit the same in the Treasury of the United States, and to issue certificates of deposit therefor, in favor of the Secretary of the Interior, as trustees for various Indian tribes.

And the Treasurer of the United States shall also become the custodian of all bonds and stocks which may be purchased for the benefit of any Indian tribe or tribes after the transfer of funds herein authorized, and shall make all purchases and sales of bonds and stocks authorized by treaty-stipulations or by acts of Congress when requested so to do by the Secretary of the Interior:

Provided, That nothing in this act shall in any manner impair or affect the supervisory and appellate powers and duties in regard to Indian affairs which may now be vested in the Secretary of the Interior as trustee of various Indian tribes, except as to the custody of said bonds and the collection of interest thereon as hereinbefore mentioned. [June 10, 1876.]

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