Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1820-02-14

oil our patrons, we this day publish the BANK
Dillin srtsass.
Concerning the Banks OF the District of Co
lumbia, and for other purposes.
Be it enacted by the Senate and House OF
Representatives Of the United States OF A
nerica in Congress assembled, That the
charters Of the several Incorporated Banks,
10 the District Of Columbia, who now pay,
ea demand, their notes, bills, or obligations.
ia the currency of the United States, shall
be, aud the same are hereby, extended. un-
I'll the sixteenth day of June, of the year
eighteen hundred and Twenty-Five, under
such notifications, conditions, and hmita-
lions thereof, as are hereinafter enacted, to
AXE effect from and after the respective Pc
RODS a, which the present charters of the
said banks would otherwise expire.
Sec. 2. And be it further enacted, That IT
any one Of the said banks shall, at any time,
fail OF refuse to pay, on demand. :any bill,
note, OF obligation, issued by the said bank.
in lawful currency Of the United States,
whea required, or shall neglect or refuse to
pay, on demand, in like currency, if re-
CURED any moneys received by the said
bank on deposit to the person or persons en-
titled to receive the same, then, and in such
case, the holder of any ssuch note, sbill, or
obligation, or the person or persons demand
ing such deposit as aforesaid, shall respec-
lively be entitled to receive and recover in
:eres. on the same, at the rate of ten per
sentnm per annum, from the time oflhe de-
nand, until the same be fully paid and sa-
,ris6ed And, further, it shall be lawful for
Congress, forthwith, to revoke the charter
of such ba nix, and 20 provide for hquidating
and settling the accounts and affairs thereof.
In such manner as to their judgment may
seem expedient.
Sec. 8. And be it further enacted, That
it shall not be lawful for any of the said
banks, after the first day of January, eigh-
teen hundred and twenty two, to make, is-t
sue, reissue, orreceive in payment, OF on
deposit, any bill, note, or obligation, paya-
Die 20 bearer or order, of denomination
under FIVE dollars; and any bank offending
herein shall be deemed and considered to
have. ipso facto, forfeited its charter. Pro-
vided, That nothing contained in this Sec
ZION shall be construed to empower any
hank, not now legally authorised, 10 issue
any such note, bill, or obligation, to exeF-
else such power at any tine before the said
period, nor TO inhibit any bank which may
have legally issued any such note, bill, or
obligation, before the said period, alter
wards to receive the same in exchange for
the current coin cfthe United States, or in
discharge OF deb, due to such bank.
Sec. 4. And be Sit further enacted, That
any president, director, cashier, teller,
clerk, or other officer, or servant, of any of
the said banks. or Of any bank, which may
hereafter be created 10 pursuance of this
sci, who shall withhold, withdraw. conceal,
or embezzle, or connive at the Withholding,
Whnoid" dtt SOuSSdLuSuts w CHlUeAZieIucnt,
Of the money or other property Of the bank
whereof he is an officer or servant, with in
tent to defraud the said bank. shall be sub
ject 10 prosecution therefor, in the name of
the United States, by indictment, on pre-
sentiment, or Information, in the circuit
court OF the county wherein such offence
shall have been committed, and, on conyic-
ton thereof, shall be adjudged a ielon. and
suffer, at the discretion of jury, animpri-
sonment Of not less than one year, nor more
than ten years; and forfeit and pay sum
Of not less than one thousand, nor more than
twenty thousand dollars one moiety where.
of shall go 10 the Usited States, ami she o,
ther to the informer: Provided, that the
bank shall be first indemni6ed out of the es-
tate ofthe ofender, for any injury which it
may have sustai1nd from his offence, and
that every debt due from him, 10 such bank,
shall be FIRST satisfied.
Sec. S. And be il further enacted, That
1t shall not be lawful for any president, di-
rector, cashier, or other officer, or servant, OF
any bank. which may have ceasedto pay on
demand. in the legal currency OF the United
States, its notes, bills, or obligations. when
lawfully required so to do, to buy up in per-