The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-02-23
GENERAL AssEAIRLY

n.onu, on Monuy The sixth day of December, IL
/ tue year of our Lord one thousand eight hundres
and thirteen, and OF the Common eaith the t,,ir
~ eighth. ~eA
In aet far extending tie Charter of the Bank OF
| prsfwa, aaG for other purposes.
| (fassed January ~ ISfA)
| y WHEREAS the stockholders of the Bank of Viz
gina have ut their late general meeting authorised
the presentations OF memorial to the General As
semoiy, praying Tor An extension Of their chsr
Ger, ami augmentation Of their capital stock and du
~ authorised acoTmittee of their body 10 agree with
the proper authorities Of the Commemorate on the
terms aud conditions which such extension of
the said eaarter and augmentation ct capital stock
shall take r'ace--snd the said commit Represent.
ng the sock"olders, To carry into eject the objects
OF the said memorial has proposed for the acrept.
ance oil the General Assembly, the following as their
terms and conditions of a mutual contract between
TIE said stockholders and the Com,nonwe alth, ia
vic:
First, That the charter Of the aid Bank shall be
extended the term OF fifteen years cOmnenr ing the
hrst OF May eighteen hundred and eighteen at
which time the original charter would expire-its
capital stock aSsriented one million OF dollars ina
mediaeiy, to be drided into ten thousand shares of
one nundred dollars each, & be further aueme nted
two hundred and forty thousand dollars in two thou
sand tour hunlred shares OF enc hundred dollars in
the manner and tor the benefit specified in the next
stipulation following.
| Second, 4 hat the old stockholders, shall pay for
the benefit OF the state twenty dollars Oh each share
oil their stock in sixteen sern-aanua instruments of
one and quarter dollars each, commencing at the
first dividend after the first of May eighteen hun
dred and eighteen, To be reserved out OF the first
aEp every subsequent dividend after the first of MAY
eighteen hundred and eighteen, until the twenty dol
/ lars en- each share shall be psid--and that at tn.
/ hrst dividend after the FIRST OF May eighteen hun.
cred and eighteen the capital stock of the sa Bank
shali be augmented the sum OF two hundred and for
~ thousand do!isrs, in two thousand four kindred
shares OF enc hundred dollars each, 10 be for the
sole benefit OF the state it's sssens on which the.
Ike DIVIDEND shall be pay able to the stst. IFS as
Signs, thst oe state or any other stockhodsr would
De entitled Il on an equal quantity ether stock of
the sad bask ivom and sfter-the first dividend ie
the hrst OF May eighteen hundred and ejghteen
The said two thousand four hundred shares OF the
STOCK 10 DE paid tor ny snd tweaiy dollars PAYABLE
AS aio:ess by the cid stockholders on each share of
| tneir stock. =
! Thirdly, Thstfrom aud after the commencement
Oh Tie renewed charter, the Bank Of Virginia shall
baVe right unGer that charter TO the deposit OF
one moiety only oi the inactive surplus money in
| the public Treasury.
Foarthiy, That OF the said augmented stock OF
one million of dollars ia ten thousand shares OF on
hundred dollars EACH eight thousand shares shall be
disposed OF, and two IT, oussnd shares reserved ,or
the state The state shall have the privilege of dis
posing OF or selling eight thousand shares at any time
beiore the thirty hrst OF March eighteen hundred
and fourteen, but if the sale should not be eitec, ed
IA that time by the stste the said stockholders by
them directors IN RichaaeRd to have ,hc Priv
lese ot tspolng OF said shares or So many "a shall
REMAIN unsoid by the state, on the best terms fhat
esi' u cotaien, 1sr tbc beaeh CT the corporation
Bot the sales oftfDs stock by the ate or b, the sock
boil eEs are 10 be made such 10 enaure the
pay ment OF one hundred dollars on each share pta
the Bank on or before the first day of May shteer
| hundred and fourteen, aud The stocshuldeIs are
bound to sell such part OF the stock as may deyeye
on them tn sell, so 10 ensure the said psy,
OF enc hundred dollars each share on or before
tue frst day OF M ay eighteen hundred AZ fourteen
q; such sale esn be effected before that time uI par
And 90 the said SIGHT thousand shares there shall
be paid twenty -hye dollars each share payabie
IA twenty seinanneai Ipssimenis, which twenty
i've ceDtuin si!a be pad BY anngs reserysti-
ohs oil oss doisr aud quarter out OF the ssintgt-
aid,videBds on each snare commencing The first
dividend On ae sid eight thousand sIarc5, and con
timing uDui the SAID twenty i've per centum be
paid, which resersa,ioEs shall be applied TO psyI
the an.odnt ol two hundred thousand dollars stuck
o two taoussnd shares reserved for the benefit o,
the s'se On this new stock ei ten Thousand share
40 diVuend shall Be payabe until The FIRST Of Janua-
- eighteen hundred aud fiteeI.
Filthy, That the said bank shall have tie piiyi-
ese OF esiatishing AZ any time hereafter Office OF
'iecpuht and depGsit AZ Lynchburg UPON same
terms with those at Norfolk, Petersburg Il Frede
rcb.burg.
Sxihiy, That notes made ne.ocisbls s, payable at
the Bank OF Virginia Or any rs oihcig, shall BE-
placed Ola the iOoug - oreign bills Cf exchange
Segenthiy, The Bank OF Virginia obsts ssli 10
loan 10 the state whenever required a sum Or sums
OF money not exceeding three hundred and fiCy
thousand dollars stale stock 10 DE transferable
III The manner To be prescribed by law, and to De
Issuel under the authority Of the state 10 an
interest OK sev' per cent payable Gsasier year,y
the SAFE to be under Obis ation 40 redeem tie
sad stock before the first OF January eighteen hue
dred and twenty nine, but to have TIE privilege o.
rsdeaGing from time to time in waoie or IL pslj
st IT'S pleasure o. IT'S gying three months previous
notice thereof IN some newspaper printed the cy
OF RchmDnd And WheI isere al Assembly,
are OF anon mat the acceptance uf die foregoing
promotions viii be advantageous t. he Common
wsslts.
BE IL hercftre enacted by me General YsSe,,l6Ly.
bat te ssI1 propositions hs part OF sas stock
htidrs, be accepted by tie Comm III eatn o. the
compact winoh the before reeited terms and cond
tons import, be and The same is hereby raui.-i snu
confirmed and to give the same complete eli, Ct on
the part OF the Conmonwtslih:
BE H fuythtr tHackd, That the chatter uf the
SAID Bank oil VirgInC snail he, and the same - here
81 extended rOI0 the period It its continuance f.
cd 10y the original charter or the tern OF fftee1I
yesrs thence next following, daiiug which period al
the rights, privileges and inmunites shall he pos
sessed ana enjoyed by The corporation Ol the Ban
of Virginia and IFS respective mbers, If the ex-
pratOn OF the said charter had, by tie provisions
OF toe original charter, been deferred to tie period
To which II is b. this ctuss extended, except so rr
as the 5sid rights, privilege and 'nuuities may
be restrained, lthed, modified, by the ter6os aud
Conditons e the said yerited compost
IND be Bfuf4her enacted, That any time hereaf-
ter duriig the continuance Of their said charter
the stockholders of the sad Bank may, at any gene.
rel meetni, direct the establishment Of off &c If
discount aus deposit at ibe Town Of Lynebbdrg
aoa II one other place th may select OF the cast
soc OF The Alsehsuy nountsin, 90 be 'rsanzed 10
All respects principles snilsr to those which APP
partn TO the Gtces ~ discount end deposit already
established. And al Notes or Bits negotiable or
ncgCfisted NJ the sad i}s-k or any of ia office.