The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1812-09-24


of the said corporation, the Board OF Dire shall.
at their next meeting, fill such vacancy and in case
of sickness or necessary absence OF the President,
his place may bs supplied by Director, TO be APP
pointed President pro teippore, by the President,
and on his Falling to make such appointment, by the
Directors.
Sec. 90. .and be s fser enacted That il sAallnot
be lawful for the President aud Directors to demand
on receive greater discount interest, than At the
rate oi one per cent for sixty days, upon any loans
or advances of money which they may make.
Sec 81. .indts jariher enacted THAT the shares
OF the capital stock shall be transferable at any
tine, according TO such rules may be established
by the President and Directors bat no stock shall
be transferred, the holder thereof being indebted to
the Rank, until such debt be satisfied, except the
President and Directors shall otherwise order it,
Sec 20 Ind DC f farther enacted That number
OF stockholders not less than forty, who together
shall be proprietors of twenty thousand shares
upwards, shall have power ut any time 10 call
general meeting Of the stockholders, for purposes
relative to the constitution, giving at least six weeks
notice in one or mere newspapers In the town Of Al
exandria and city of Washington specifying in such
notice the object or objects of such meeting.
Sec. 2S .snd be 10 further enacted, That on appli-
cation being made, the President and Directors may
loan TO the United States, any sum sums, not ex-
ceedng one-fourth of their capital, on such terms
may be agreed upon.
Sec. "a .and be IS further enacted, That whenever
any note shall be given, containing express consent
in writing that it may be negotiable at the said bank,
and the same shall be endorsed, il payment be refa-
scd neglected TO be made the time il shall have
become due, the like proceedings To be had out
OF ceuit, aud suit may be prosecuted against the
drawer and endorscr, Jointly or separately, in like
manner 81 ii the same was bill of exchange.
Sec, o5. Ind be if further epasied, That if any
person persons shall forge counterfeit any OF
the notes or checks Of the said Bank, or pay
or tender in payment. or in any manner pass or Of
fer to pass such forged or counterfetcd note or
X. knOWing n be Or
ieited, and shall thereof be convicted in any court of
the United States hsting criminal jurisdiction. Lee
she or they. shall be adjudgcd feon or klons.
Sec. 26 .and be m farther enacted That IL arg
stocSholder shall fail to pay up the several install
ments upon his subscription, as the same msy be-
come due,his dividends upon such instaments ss he
may have paid shall cease to him, and remain 10
the and benefit OF the other members Of the
poration.
Sec. 2I And be IL further enacted That the rresi-
den, and Directors SHALT they may deem
1t expedient, declare dividend ef profits, and eve
ry half year thereafter shall make and declare such
dividends of profits as they may deem proper Pro-
vided, Such dividend shall not impair the capital
stock; but no dividend shall be declared except by
a majority OF all the Directors.
Sec. % Ind be 10 further enacted, That the Sec
retay Of the Treasury Of the UHted States shall bc
he shall require it, with statemcnts snn4RfsapssE
stock Of the said corporation, and OF the debts due
TO the same Of the monies deposited therein of tho
notes in circulation and Of the cash in hand and
shall have right to inspect such general account6
in the books Of said Bank as shall relate to said
statements Provided, That this shall not be con~
strued to imply right OF inspecting The sccounts or
any private individual or individuals with the Bank
Sec. o. Ind be h further enacted, That this cor
poraon shall continue until the first day OF January
in the year Of our Lord thousand eight hundred
and twentytwo but nevertheless the proprietors OF
two thirds of the capitol stock OF said company may
by their concurrent votes at general meeting to be-
called for that purpose, dissolve the same 1t an ear
lier period Provided That notice of such meeting
and lis object shall be published in two or more
newspapers printed within the district OF Colum ba,
for at least three mouths successfully, previous to-
the time appointed for such meeting
Sec So .and be IL further enacted, That on the dis
solution of this corporation whenever the same shar
be determined as aforesaid, cftectuai measures
shall be Immediately taken by the President ana Di<
rectors then in Office for closing all the concerns OF
the corporaiion and for dividing the capital and
profits which may remain among the stockholders IN
proporton TO their respective interest and 30 much
of this act as will enable them to close tho concern
Of the corporation, and 80 much ns imposes pun
ishmcnt or penalty for crimes, or for na-feasapcc,
IN This act described shall remain and he in force
until all the affairs Of the corporation are finally set
ted but no discount shall be made by the said cor
poraon after the first day of January in the year OF
our Lord one thousand eight hundred 4 twentItwo-
Sec, 81. Ind be IL further enacted, That tins sct
shall take effect from and after the passing thereof
and shall to all intents and purposes be public act
| r. CLAY,
Speaker Of the House Of Rebresentatives.
WILLIAM H. CRAWFORD,
President Of the Senate pro ,femborel
| Nav 1e. 18ls-ApPRovEp, JAMES MADISON.
AN ACT
! To authorize the President Of the y. States Is
| ascertain and designate certain boundaries.
DEn eaaeted5y the Senate and Aosse Of Reprssen'a-
ID nues qf the Ln,sed States a .5merfea, IN Congress
assembled, That the urveyorgenera, under the ,di-
rection of the President Of the United States, be,
and he is hereby authorized and required las soon
rs tie consent of the Indians can be obtained) to
cause to be surveyed, marked and designated, 70
much OF the western and northern boundaries Of the
state OF Ohio, which have not already been ascer.
fsined s dyides said state from the territories OF