The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1817-03-12

positions, and be vested with the like
rights, privileges, and immunities as a
body corporate as appertain TO the Far
mers' and Mechanics Bank Of George
town,and as if all the general provisions
OF this act were herein again repeated
and enacted with express reference 10
she said Union Bank of Alexandria.
Sec. %. .dnd be if further enacted,
4 hat nothing IN this act contained SHAH
be construed TO exonerate or disc barge
any member OF any Of the aforesaid as =
sociatIons, or the funds thereof, iron,
any liability to creditors under any ex-
listing contract, or on account Of any
note, bill, or obligation issued or III OK
isteDce when this act shall lake effect (;
but such lisbility shall remain in rela-
ton to all sach notes, bills, obligations
or contracts, as If this act had no, been
passed.
Sec. 80. .dnd be il further enacted,
That from and after the 4lh day of a.
prii next, 1t shall no, be lawful for any
unchartered banking company, or any
association, partnership. or company of
individuals, within the District OF Co
lumbia, TO discount any notes, or other
| securities for the payment OF money, or
| TO issue notes or bills, whether eay BILE
to order or bearer, or any other securi-
ties, promises or orders Tor The pay
| ment OF money or stock /; and every
| member, officer OF agent VI any sucn
! Company CT associate, or parlGer of a..
, "y such association or partnerships hall
, nc held TO be guilty of misdeme amor,
and for every such offence, upon con-
| victiop thereof, may be fined IN a sum
| not less than one hundred dollars, nor
more than five hundred dollars.
SEC. so. HTrd Be IL further enacted
hat whoever as president, cashier ur
| agent OF any such company, OF as asso-
ciate or partner OF any such association
or partnership shall, AFTER the said 4lh
day OF April next, sign, couptersjgn or
| endorse any such note, bill OF security,
Contrary TO The provisions of this act,
shall, In addition 90 the aforesaid penal
Ties, be held 10 DC guilty Ola high mis-.
demeanor, and msJ be imprisoned Tor
pe'iod not less tnan three nor more
- twelve months, at the discretion Of
jury.
oec al. .A.,d be II farfher euGcsed,
Sat all drafts bills, or other securities
| 'or The Payment Of money discounts.
contrary 10 The provisions Of this act
whether tie same he payable TO any
| suSh company, association, or partner
SoiP or to any person as agent or trus-
&c tor such company, association, OF
partnership, or for the bensfil thereof,
ai'd-sil contracts, bonds, deeds, penal
or singie'bills, or other INSTRUMENT, gil
vente reimburse o: indemnify any per
som fer aOy payment or 'EesponSibiii,,
incurred by such person lor any deo,
contracted By any 1eaiing contrary TO
he true intent and nseaning of this ACT
shall be, and the same are hereby de.
ciared TO be Utterly void, to all inten,s
sud purposes.
sec 80 .dnd be IL further enacted,
That II any person as president, cashier,
iaiicr, or other officer or agent of an,
su:h Banking company, or as associa,.
or partner In any such association or
partnership, shaft from and alter the
laid fourth day of April next issue o.
pass into circulation any such note, bill
drafi or other security hereby p, ohibir.
ID to be Issued, together with every
person asserting thereto, shall be deem.
ID and taken l. have incurred the pc
oaltIes OF this act, Notwithstanding the
note, bill, or other security SO issued
may have been signed, counters,sned
ard endorsed before the commences
ment Of this act.
IL, CLAY,
'Sheakey Of The House of Renrrsenta!ioes.
JOHN GA{LLhRD.
President of tie 8enule fro TEN.
MaCch 8, l8l7--.APPRoyEDt
JAMES MADISON.
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