The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1816-06-05

punLisHED by AUTHORITY
AN ACT to incorporate the, subsc,ibets 10
the Bank of the United States

bE ~ endcfro oy he oeHcfS ana Housc o.
Representatives & tie United Sisses Of line
RIGA in Congrs assrm6ied, Tha, Back OF
the Cnited Sta.ss of America shall be cs,ab
lished, with capital Of thirty millions OF
dollars, divided into lhroe hundred and hfty
thousand shares, OF one hundred dollars each
share. Seventy thousand shares, amounting
to the sum Of seven millions of dollars, part
of the capital OF the said bank, shall be sub
scribed and paid for by the United States, IL
the msnner hercinaitcr specified and Two
hundred and eighty thousand shares, amour
ting to the sum OF twenty eight millions oi
dollars, shall be subscribed and rSid for by
individuals, comparies, or corporations, III
the manner hereinsftet specified.
Sec. 9. -sn6 oe is Jnrfhrr ence.r1, That
subscriptions for The sum of es millions OF
dollars, towards constituting tho capital OF
the said bank, shall be opened on tho first
Monday in July next at the following places
that is 10 say, a, Portland 10 the Dis,ric, os
Maine, ct Portsmouth, In the State of New
Hampshire, q, Boston, in the State of Masss-
chusctts, at Providence, In the State OF Rhode.
Island, at Mlddlctown, In the State of Con.
necticut, at Burlington, in the State OF Vcr-
mont,ai New-yor., In the State OF Ncw.YorA,
al Ncw-B unswick, in the State of New Ier-
scy, q, Philadelphia, IN the State OF rennsyl-
vania, at Wilmington, in tho State of Della.
ware. at Baltimore, in the State OF Maryland
at RIchmond, in the State OF Virginia, at
Lexington, in the State OF Kenturkyy at Gin.
ciona,,i, in the State Of Ohio, at Raleigh, in
the State Of North Carolina, at Nashville, in
the State oil Tennessee, at Charleston, in tho
State of South Carolina, at Augusta, in tho
State oil Georgia, at New Orlcsrs, in he State
of Losisisna, and at Washington, Ia tho Dis.
t,ict OF Colombia. And the said subscrip.
tions shall be opened uuder the supcrinten-
dsncc Of 1--WE commissioners al PhiIadclphiai
aud OF. three commissioners at each of tho
other places ssorcsaid, 10 be appointed by the
President of tho Uoiicd States, (who 10 here.
| by authorised TO make such appointrncntss
| and shall con,inue open every day, from The
time OF opening The same, between the hours
| OF ten O'Clock ia the forenoon and four o'clock
in the afternoon, for the term Of twenty days,
exclusive ot Sundays, when the same shall
be closed, and Immediately thereafter tho
commissioners, or any two Of them, ut the
Respective plsccs afore said, shall cause two
tsanscupts or copies Of such subscriptions q,
be made, one OF which they shall send TO tho
Secretary Of the Treasury, one they shall re-
tain and the original they shall transmit, with
in seven days from the closing ofthe subscrip-
tions as aforesaid, to the commissioners at
Philadelphia aforesaid. And on receipt Of
the said original subscriptions, or Of either
OF the said copies thereof, il the original bo
lost, mislsid or detained, the commissioners
at Philadelphia aforesaid, or q ,sjoriiy Of
them, shall Immediately thereafter convene
ard proceed to ,ako an account Of the said
subscrip,ions.--And il moro than the amount
| oil % millions Of dollars shall have beeh sub.
| ,I,ed hal he las III
missioners shall deduct the amount Of such
excess from the largest subscriptions, In such
manner as that no subscriptions shall be re-
duced in amount while any one remains lar
ger; provided, thatif tho subscriptions taken
at either OF the places Aforesaid, shall not ex-
ceed 5000 shares, there shall be no reduction
Of such subscriptions nor shall, in any case,
the subscriptions taken at either Of tho places
aforesaid, be reduced below that amount.
And id case the aggregate amount OF the said
subscriptions shall exceed ;wcnty-eight mil
lions Of Dollars, the .aid last mentioned COM
missioncrs, after having apportoned the same
as aforesaid shall cause lists Of the said ap-
pottioned subscriptions 10 be made out, in
cludiog in each list the spportioned subscrip-
,ion tor the place where the original subscrip
tion was made, one Of which lists they shalt
transmit TO the com missioncrs, or one Of
them, under whose supcrinte ndancc such
subsc' p,ions wese originally made, that tho
subscribers may thereby ASCERTAIN the nun
Der Of shares to them respectively apportion-
ed as aforesaid. And in case the aggregate
amount OF the subscriptions made during the
period aforesaid, at all the places aforesaid.
shall not amount TO 2s millions Of dollars,
the subscriptions to complete the said sur,
shall be and remain open at Philadelphi
sforcsaid, under the superintendent Of the
commissioners appointed for that place sn d
the subscriptions may then be snadecy any in =
diyidual, company or corporation, for any
Number Of shares, not exceeding in the whole
the amount required to Complete the sale.
sum Of 20 millions of dollars.
See. 3. And be h further enacted, That /:
shall be lawful for any individual, company,
corporation or state, when the subscriptions
shall be opened as bersinbefore directed, TO
subscribe for any number of ahares of the