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

DHe0
cf. shall suffer an imprisonment OF one
month, and forfeit and pay to the United
States sum equiyalentto thrice the nomi.
nal value Of such note, bill, or obligation;
one 6alf whereof shall so to the informer,
and the other to the United States.
Sec. 6. And whereas the charter Of the
Bank OF Columbia. within the said district,
is. by the terms thereof, revocable at the
pleasure ofCongress. and it is both just and
expedient that all the specie-payipg banks
of the said district should be placed on the
basis of legal equality, Be it therefore enact
ed, That. unless the President and Direc.
tors Of the said bank, for the time being,
shall, on the part ofthe stockholders there
of, file their declaration in writing, in the
Office of the Secretary of the Treasury, with
in six months from the passage of this act,
asserting to the Limitation of the charter OF
The said bank, to the sixteenth day OF June,
eighteen hundred and forty and to hold
the same, in the interim, subject to all the
terms, conditions, and impositions, OF tins
act. in relation to the extension OF the char
tiers Of the other banks of the saiG district
the charter of the said bank shall be, andthe
same is hereby declared to be, revoked ::
su-h revocation to take effect on the frst day
of January, eighteen hundred and twenty
two.
Sec. z. And be ii further enacted, That
the charter of the Franklin Bank of Alexan.
dria shall be revoked, and the same is here
by declared to be null and void, except so
far as may be necessary for the purposes of
liquidating and settling, by suits or other
wise, the accounts and affairs OF the said
bank, and disposing OF its estate, real and
personal and for these purposes, the fur
Their time of FIVE years, from the expiration
ofthe term for which the charter of the said
bank was originally granted, is hereby al
lowed the said bank to wind up and settle
its affairs, with liberty to use. during tbs
said period, It's corporate style, name, and
capacity but the said bank shall continue
subject to all the terms, conditions, and i'm.
positions contained in its act of incorpora-
ton, and shall be liable to all the penalties
annexed, by the said act, TO unincorporated
associations, who may issue any notes, bills,
or obligations, in violation thereof, provided
il shallissue any note or bill after the pas
sage of this act.
Sec. 8. And be il further enacted. That,
unless the President and directors, for the
time being, OF each ofthe banks, respective.
ly, whose charters are hereby extended,
shall, on behalf Of their stockholders, file
their declaration, in writing, in the Office OF
the Secretary of the Treasury, within six
months from the passage of this act, assent
ing to, and accepting the extension Of char
ter hereby granted, under The terms, condi-
tions, and impositions, contained in this act.
such bank shall forfeit all title to such ex-
tension of charter; but shall, notwiths and
ing, be allowed the same period for !iquida-
ting and settling the accounts and affairs
thereof, after the termination Of its present
charter, as is allowed 10 the Franklin Bank
OF Alexandria, subject to the like modi6ca.
tons and restrictions.
Sec. 9, And be il further enacted. That.
from and after the first day of January next,
il shall not be lawful for any other corpora
ton within the District of Columbia, than
the banks aforesaid, the bank Of the United
States, and the branches thereof, and such
banks as may be created under the subse-
quent provisions Of this act, To discount any
notes, or other securities, for the payment OF
mcneY,or to issue notes OF bills, whether pay
able to order,or bearer ,or any other securities,
promises, or orders, for the payment OF mo-
ney or stock, not expressly authorlse'aby the
charter oil such corporation and any mayor,
alderman, common,coancilman. member, Of
6cer, or agent OF any such corporation, who
may offend herein, shall be held guilty Of
misdemeanor, and tor every such offence, on
conviction thereof in the circuit court of the
county wherein such offence shall have been
committed, shall forfeit and pay, the dis
cretion of jury, sum not less than one
hundred, nor more than one thousand dol
lars.
Sec. TO- And be It further enacted, That,