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

the new bank which may be created in pur-
suance of this section, shall continue until the
sixteenth day Of June, eighteen hundred and
forty, and no longer: That the capital stock
thereof shall be of such amount, as, if added
to the capital Of the Bank of Columbia, will
make up the sum of two millions of dollars,
and no more And provided, also, That the
said articles OF association shall be recorded,
within ten days after their ratification, in the
circuit court OF the county of Washington
a certified copy thereof be published, within
thirty days thereafter, in some one or more
newspapers, printed in Georgetown or the
! City Of Washington and like copy be
filed, within the same period, in the Office
of the Secretary Of the Treasury.
SEC. 16. Aud be it further enacted,
That if, at any time before the sixteenth
day of June, one thousand eight hun.
dred and twenty five, the Bank Of
Washington, and the Patriotic Bank Of
Washington, shall, by their respective
Presidents and Directors, with the con-
sent Of majority Of their respective
stockholders, agree, under written ar
| ticles of association, to unite and form
one bank, with style and name pre-
scribed by those articles, the subscri-
bers thereto, and their legal represen-
tatives, shall. from the day fixed Cor
that purpose in the said articles. be in
corporatef, under the style and name
set forth in the articles aforesaid, and
be thenceforth subject to the rules, du-
ties, regulations, conditions, and impo-
sitions, and be vested with the like
rights, pri, ileges and immunities, as a
body corporate, as appcrtaiu, at present,
to the said Bank of ashington, to tie
same extent as if all the general provi
sions of the charter of that bank were
herein expressly repeated and enacted,
and subject, moreover, to all the regn-
lations, conditions, and impositions,
annexed by this act to the extension Of
the charter of the said bank Provided,
That the bank which may be created
in pursuance of this section, shall con-
tinue until the sixteenth day of June,
one thousand eight hundred and forty,
and no longer; that the capital thereof
shall consist OF one million Of dollars
And provided, also, That the aforesaid
articles Of association shall he recorded
within ten days after their ratification,
in the circait court Of the county of
" ashington a certified cory thereof
be published within thirty days there.
alter, in some one or more newspapers
printed in the city of Washington, and
a like copy be filed, within the same
period, in the Office of the Secretary of
the Treasury.
SEC. II. And be it further enacted
that the charter of the Bank Of the Me-
tropnlis shall be, and the same is here
by, extended to the sixteenth day OF
June, one thousand eight hundred and
forty ; subject to all the conditions, re-
strictions, and imposilions contained in
this act: Provided, That it shall be
lawful for the President and Directors
Of the said bank, or tine Congress of
the United States may at any time re-
quire them, TO open books for the sub
scriplion of new stock thereto, SO as to
augment the capital of the said bank to
one million Of collars.
SEC. g. And be it further enacted,
That the sense of the stockholders of
each Of the banks whose charters are
proposed TO be extended or altered by
this act, shall be taken in general
meeting thereof; Of the purpose, time,
aud place OF such meeting, due notice
shall be given, in such manner as the |
charter of the said bank now provides,
for notices Of the general meetings Of
the stockholders thereof, and no ex-
tension. or alteration, of tn charter,
OF any OF the said banks Shall take ef
feet, IN the mode provided by this act,
unless number n stockholders pos
sessed of majority of the stock of the
said bank shall assent thereto; nor
shall such assent, constrain the mino-
rity, if there be one, to accept the ex-
tension of charter, or the terms of in
corporation herein proposed, against
their inclination. In all cases wherein
such minority shall be found to exist,