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" March 1, 1864, or any subsequent period, redeemable at the pleasure of the government after any period not less than five years, and payable at "any period not more than forty years from date, in... "
Poor's Manual of the Railroads of the United States - Page 705
1873
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Journal of the Statistical Society of London, Volume 31

Royal Statistical Society (Great Britain) - Great Britain - 1868 - 548 pages
...borrow during current fiscal year to extent not exceeding ยง200,000,000, on coupon-bonds redeemable at pleasure of the Government after any period not less...and payable at any period not more than forty years in coin, bearing interest not exceeding 6 per cent, in coin, such bonds exempt from taxation by or...
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