Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1812-05-20

Thousand shares or upwards, shall have now
q, at any TINE 70 cali general neetirg Of HE
stockholders, icr purposes relative 10 Tie con.
stltution, giving At least six weeks notice in
one or more newspapers in the town of Aley.
andria and city OF Washington, specifyi @ IN
such notice the object or objects Of sue,
meeting
Sec. %. md be it further enacted, Ytat on
application being made, the P!csidcntand Di.
rectogs may loan to the United States, arv
sum or sums, not exceeding one fourth of tAe;r
capital, on such terms as may be agreed unon
Sec. 81. ind be ii .Jilyther enacted, Tba,
whenever any note shall be given, containinc.
express consent III writing that it NAV be ne,
gotiable at the said Bank. aid the stlnc slaII
be endorsed, if payment be refused or Jeclect
ed to be made al the time it shall have become
due, the like proceedings are to be had ouf of
court, and salt may be prosecuted against the
drawer and endorser, Jointly or separately, in
like manner as if the same was bill of ex.
change.
Sec. Is. Ind be it further agacttd, That if
any person or persons shall forge 9r counter.
felt any of the notes or checks OH or of the
said Bank, OF pay or tender in payment, or in
any manner pass or offer to pass such forged
or counterteitcd note or check, knowing the
same to be forged or counterfeited, and shall
thereof be convicted in any court of the Unit
ed States having criminal jurisdiction, he, she
or they, Shall be adjudged a fclop or feons.
Sec. &c. ind be il further enacted, That if
any stakeholder shall fail to pay up the seye-
raj instruments upon his subscription, as the
same may become due, his dividends upon
such instruments as ne may have PAID snail
cease as to him, and remain to the use and be-
neft of the other members Of the corporation.
Sec 27. IND hen Jurther enacted, That the
President and Directors shall, as soon as they
may deem 1t eXpedlent, declare dividend of
profits, and every half year thereafter shall
make and declare such dividends of profit as
they may deem proper: Provided, Such diyi-
dend shall not impair the capital stock
but no dividend shall be declared except bya
majority of all the Directors.
Sec %. ind belt Jurther enacted, That the
Secretary fthe Treasury Of the United States
shall be furnished, al least once Id every year,
and oftener if he shall require it, with state
merts of the capital stock Of the said corpora.
ton and of the debts due to the same Of the
monies deposited therein; Of the notes in cir"
cuation, and of the cash in hand i; and shall
have right to inspect such general accounts
in the books Of said Bank as shall relate TO SAID
statements : Provided, That this shall not be
construed to imply right of inspecting the
accounts of any private Individual or indiyidu-
ais with the Bank.
Sec. %. ind be NJurthsr enacted, That this
corporation shall continue until the first day
Of January, in the year Of our LORD one tuou-
sand eight hundred and twenty-five, but ne
vertheless the proprietorS OF two thirds OF the
capital stock OF said company may, by their
concurrent votes, at general meeting to be
called for that purpose dissolve tie same at an
earlier period Provded, That notice Of such
meeting, and It's object, shall be published in
two or more newspapers, printed within the
district of Columbia, for at least three months
successfully, previous TO tho tine appointed
for such meeting.
Sec. 80. ind be il further enacted, That on
the dissolution Of this corporation, or when
ever the same soall be determined on as q.
foresaid effectual measures shall Immediately
be taken by the President and Directors, then
in office, fer closing all the concerns OF the
corporation, and Tor dividing the capital and
profits which may remain, among the stock
holders, in proportion to their respective nte-
rests, and so much of this act as VIII enabIo
them to close the concerns Of the corporatlon'
and SO much as imposes a punishment or Pc
nalty for crimes, or for maleasM.ce in chs act
described, shall remain and be in tull torcc
until all the affairs of the corporation are tlnal-
" settled; but no discounts shall be made by
the said corporation after the first day OF Jan'I
arv, in the year of our Lord one thousand
eight hundred and twenty two.
Sec. 81. ind be il. further enacted, That THIS
act shall take effect from and after the passing
thereof, and shall to all intents and purposes
H.CLAY,