Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-04-17


tice OF the fact. and OF their absence or dis
seat, to the President of IN, United States,
and to the stockholders, at Il general meet
ing. WHICH they shall have power 10 call
fer that purpose.
9. The said corporation shall not, di-
rectly OF Indirectly. deal or trade IN any
thing except bills a exchanEe, gold or sill
YER bullion, or in tae sale OF goods really
and truly pledged for money lent AID not
redeemed IN due time, or Sooas which
shall be the proceeds OF lis lands. Itshall
not be al liberty to purchase any pubic
debt whatsoever, nor shall it take more
than at the rate Of six per centum per an
mum for or upon its loans or discounts.
10. No loan shall be made by the said
corporation. for the use or on account OF
the government Of the United States, TO an
amount exceeding five hundred thousand
dollars, or IF any particular state to an a.
mount cxcec ling ht;y thousand dollars, or
OF any foregn pri7ce or state. unless previ-
ously authorised by law OF the United
States.
Ii The stock of the said corporation
shall be assignab:e and transferable &C
cortiing to such rules as shall be instituted
in thar behalf, by the laws and ordinances
OF the same.
II. The bills oblig tory and of credit,
under the seal of the said corporation,
which shall be made TO any person or per-
sons, shall be assignable by endorsement
thereupon, under the hand hands Of
such person or persons, and his, her or
their executors or administrators, and of
his or their assignee or assignees, and SO
as absolutely to transfer aud vest the pro-
perry thereof in each and every assignee
or assignees successfully, and TO enable
Such assignee or assignees, and his, her,
or their executors or administrators, 20
maintain an action thereupCn, in his, her,
or their own name or names PTOUiQed,
that said corporation sh u not make any
bill obligatory, or of credit, or other obi
CATION under its seal for the payment of a
sum less than FIVE thousand dollars. And
the bills or notes which may be issued by
order of the said corporation, signed by
the president, and countersigned by the
principal cashier or treasurer thereof.
promising the payment Of money 20 any
person or persons, his, her or their order,
Or 20 bearer, although not under the seal
Of the said corporation, shall! lie binding
and obligatory upon tine same, in like
manner, and with like force and effect, as
upon any private person or persons, ii is
sued by him, her or thcm, in his. her or
their private or natural capacity or capa-
cities, and shall be ass'gnable and negotia
bic in the like manner As if they were 50
issued hy such private person or persons
that is to say, those which shall be paya-
bic to any person or persons, his, her or
their order, shall be assignabe by endorse
ment, in like manner, and with the like
eject IS foreigH bills Of exchange now
are aud those which are pay BILE tn bear
er shall be Ass'gnable and negotiable by
delivery only Provided, that all bulls or
notes so to be issued by said corporation.
shall he made payable 90 demand, ether
than bills or notes for the payment CT
sum lot l IS than one hundred dollars e. ch,
*. payable to the order Of some person
or persons, which bills or notes it shall be
lawful for said corporation to make payA-
bic At any time not exceeding sixty days
from the date thereof.
IS. Half yearly dividends shall be made
OF so much OF The profits of tic bank. as
shall appear to the directors advisable
and on IN every three years the direc-
tn"e Sh al 10y i~6rS ei1~ EtiUtGCrs a a
general meeting, for their Information, an
exact and particular statement Of the
debts which Shall have remained unpaid,
after the expiration Of the original credit,
for period OF treble the term of that Gre
dit, I'd OF the surplus of the profits, if a.
ny, after deducting losses and dividends
1t there shall be failure in the payment of
any part Of any sum subscribed to the cap
ital OF the said bank, by any person, Co
partnership or body pol tic, the party fail
ing shall lose the benefit Of any dividend
WHICH may have accrued prior to the time
for making such payment, and during the
Delay of the same.
i. The directors Of the said corpora
ton shall establish Z competent office OF
discount and deposit liz the District of
Columbia, whenever any law of the u
States shall require such an establish
r"eut: also on such Office of discount and
degoste in any State in which two thou
sand shares Snail have be2n subscribed or
may be he'd, Whenever, upon application
CT the legislature Of such State, Congress
may, by law, require the same PTOOiied,
the directors aforesaid shall not be bound
10 establish such Office before che whole Of
the capital IF the bank shall have been
paid up. And it shall be lawful for the
directors of the said corporation to estab-
lish Offices of discount and deposite,
wheres1ever they shall think #, within
the United States or the territories there
Of, and 10 commit the management OF the
said Offices, and the. business thereof, res
peCtively, 20 such persons, and under such
regulations as they shall deem proper, not
being contrary 90 law or the constitution of
the bank. Or instc q OF establishing such
offices, It Shall be lawful for the directors
Of the sad corporauoH, from time to time,
to employ any other bank OF banks, to be
first approved by the Secretary Of the
Treasury, 1T any place or places, that