Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-02-10

not beng contrary 70 law or to the contribution
of the bank. 10. The Legislature fflall be fur
mined annually, If they rsquise il, with tate
ments Of the amount of rhe capital Stock of the
faid corporaton, and ofthc debts due to the fame
of the monirs depofted therein; Of the notes in
circulation, and eff the cath il hand and fllall
haye right to infpett inch general account. in
the books Of III. bank, IS fleli relate to the faid
fatemcnt; 3roOfaed, Thar this fnall NOT be con-
Rrueted TO imply right Of mdpetting the &C.
count Of any pryase Individual or individuals, or
any body polite or corporate, with the bank.
II, The directors shall keep fair ard regular
entries, in;a book be provided for that purp
of their proceedings and on any question, where
two directors shall require il, the yeas ard NAYS
of the directors voting, shah be duly inserted on
their minutes, and those minutes be AT all times,
on demand, prodaced to the Stockholders when at
a general meeting, or TO the legislature, or any
committee thereof, who shall be authorised there
by to require the same. Is. No president or
casherot tbs bark shall be directly or indirectly
concerned in the purchase or sale Of any Of The
Public stock or funds, under the pcRalSy OF TEN
thousand dollars, 70 be forfeited, one half thereof
to the csc of the state ard the other half to the
inforner, Tor shall the Cas- -er be allowed 10 car
ry on any other business than that of the bank
under the penalty of'6ye thousand dollars. 10
A fair and cofre& list o. the stockholders shall
be hung up at least one month before any eleSti.
-.ou of directors, in the comrlon Hail OF the
said hank, TO the end that pnhic information
may be given TO the parties of their co-proprie
tors and stockholders.
Sec. 9. Aad Be il fsrtbtr eaaReS, That if the
said corporation, any person or persons, for, or
to the use Of the same, shall deal or trads III buy
ing or selling any goods, wares, merchandise or
commodities whatsoever, contrary TO the provIsi-
sons Of this ACT, all and every person or persons
who shall have given any order or direction for
SO dealing or teadipg, and al and every person or
persons, who shall have been concerned as parties
or agents therein, shall forfeit and loose treble
the value of goods, wares, merchandise and COM
modities, in which such dealing and trade shall
have been. one halt thereof to the use of the nfor
ner, * the other halt thereof to the use of the
state, to be recovered with cost of suit.
Sec. 10. Ard BE- it Jartbtr tae8ea, That the
bill or notes of the SAID corporation, originally
made payable, or which shall have become paya
bic on demand, in gold or silver coin, shall be
receivable IN all payments TO the state of Virginia
and the public monies of the state, shall be
constantly deposited in the bank of Virginia, when
ever lying inactive.
Sec. II. Ard belt fxrfber enaGtd, That with
in che icrm of one month after information given
by the proper commissioners, at the city of Rich
mond, that sufficient plumber of shares have
been subscribed for, to commence the operations
of the Bank, the executive shall on behalf and
for the use Of this state, make cause to be made
subscription to the capital stock Of the said
bank, 10 the amount of three hundred thousand
dollars, which said sum of three hundred thousand
dollars, shall be loaned to the state by the said
bank of Virginia, at the rate OF interest not ex-
eeding four per cent per annum.
Sec. IL. Ind bet farfbrr traaed, That the
said SUN of money herein before directed to be
borrowed Of the bank, shall be payable and paid
in ten equal annual inssalments, the first whereof
shall be on the srst day of January, one thousand
eight hundred and Ave, or IN any greater sum or
sums of money, or shorter period or periods or
at the pleasure of the commonwealth, and interest
shall cease to be chargeahe on the amosnr of each
and ever, payment from the time Of making the
same respectively and all the money arising
from the taxes on merchants licences, shall be
and is hereby exclusively appropriated to and for
the payment of the said loans, thereupon respec,
lively accruing, &C eotding to the lnstalnients
aforesaid, and the dividend to which the com.
monwealth SHALL be entitled and if the monies
SO appropriated shall not be adequate to the
payment of the said loans, and the interest there
on, respectively, then as many Of the shares in
The SAID bank, belonging 10 this state.as may be
necessary 20 supply the deficiency, shall be sold
and applied to and FOR that purpose.
Sec. -. And be II fxrtber eaaaed, That
the said President and Directors shall not in any
case issue any note for smaller sum than Ave
dollars.
Sec. "A. Ana BE- 4 j.,tbes esaa<d, That, no
nnie shaIl he lennsiahls af The hank nria. - be