The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1816-06-12

after the said babk shall be organized, aud
commence its operations in the manner
herein before provided. S -
Sec. 81. .41d be IL further enacted, That
no other bank shall be established by any fu.
turc law Of tho United States, during ths
continuance Of the corporsliop hereby created,
for which the faith Of the United States Is
hereby pledged Provided, Congress mry
renew existing charters for banks in the Dis.
tfict OF Columbia, not increasing the capital
thereof, and may also establish any other
bank or bsnksfin said District with capitals
mt exceeding in the whole six millions o..
dollars, If they shali, deem j, sxpedient. And
notwithstanding the expiration Of the term
for which the said corporation is created, It
shall be lawful to use the corporate name
style and capacity, for the purpose OF Suits
for the final settlement and liquidation OF The
Affairs and accounts Of the corporation. and
for the safe and disposition Of their estate,
real, personal, and mixed bot not for any o.
ther purpose or in any Other manner wha:o-
ever, nor for period exceeding Two years az
ter theexpiration Of the said term of incor por.
alton.
Sec. 2c. .fna be d: further enacted, That if
the subscriptions and payments Of said bank
shall not be made and completed SO a. TO co.
able the same TO commence its operations, or
II the said eark shall not coumence its ope.
rations On or sefore the frs, Monday 10 April
next, then and IN that case Congress may at
any time within twelve months Thereafter
declare by law this act null and void.
Sec. 20. laS be if further enacted, Tha, it
shall q, sil times be lawful for committee
Of either house Of Congress, appointed for
thai urpnee in.D.c, n. k,oL. and
anime into the proceedings Of tile corporation
heicby created, and to report whether the
provisions Of this charter have been, by the
same, violated or not, and whenever any CON-
nittee as aforesaid shall find and report, or
the Presidea, of the United States shall have
reason TO believe that the charter has beer
violated, II may be lawful for Congress TO d..
rect, or the President to order scire iacias to
be sued out OF the circuit court of the district
of Pennsyl ylyania, In the same OF the United
States, (Which shall be executed upon the
President Of the corporation for the time be-
ing, al losst fifteen days before the COM
mencemcnt OF tho term Of said COURT calling
on tho said corporation 10 show cause where
fore The charter hereby granted shall not DC
declared forfeited and ii shall be lawful for
thc said court, upon the return oil the said
scire fscia,, TO examine into the truth Of the
alleged violation, aud if such violation te
made appear, then TO pronounce and adlcdge
that the said charter is forfeited aad annulled
Provided hosuever, Every issue of fact which
may be joined between the United States and
the corporation aforesaid, shall be tried by
Jury. And il shall DO lawful for the court
aforesaid =, -, ne production OF such
vi inc Books OF the corporation as II may,
deem necessary for the cscer,ainment OF the
con,rover,ed facts and the final judgment
Of the court aforcsaid, shall be examinable io
the supreme cour, fthe United SIa,es,by "rit
CT error, and may be there reversed or affr.
med uccord,ns to the usages Of law.
April 10, 1916 -.fpprOrsd
JAMES MADISON.
AN ACT,o authorize the survey Of Two mil