Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1821-03-13

s,ock o' INC saw Union Bank shall, :,
all intents and purposes, be consid.,.,
as forming a part of the capital or ~
said Bank Of Potomac; and tn. N.Y.. W ="
officers of the said Bank Of pot t,ups'
shall forthwith issue to the stockh",% 'ae
of the said Union Bank certiGco,"'
stock in tn e said Bank Of Potomao'
the rate Of one share, or one h"~a.'as
dollars of Potomac bank stoct .
every hundred dollars of tn. r,;F
Bank stock so subscl ibcd, acco,d;. a
t. the respective interests of tho a.;
stockholders in the stock 80 suhsc 'a'
ed. ''N
Sec. IS. find be it further ,,,..,,
That on the said union being made =
aforesaid, all contracts legally m,s'
by the said Union Bank shall, fnsM
with, become obligatory on the %,
Bank of Potomac. and all debts dino !
the said Union Bank on notes i,sn!
by it. or otherwise, shall becora
chargeabIe ON, and payable by, the ,,;s
Bank Of Potomac; and the parties ~
such contracts, and the creditors Of fl.
said Union Bank, shall have the s,n N.
remedies to enforce the Performance .,
such contracts. and the payment # :
such debts, against the Bank of pot,'
mac, its property and effects, as AN
now, by law given to them against hs /
SAID Union Bank; and that the s,a
Bank of Potomac, may, in its oy.
name, sustain, all actions, and ami,
which may be necessary to enforce TN
payment of debts due to, ard the Ne,
Torrance of contracts made with, III,
said Union Bank. and fur the recover,
of any lands, tenements, goods, and
Chattels, belonging to, and improper
ly withheld from, the said Unio,
Bank.
Sec. l6. find be it further enaeta,
That all bonds, bills, notes, or othr
securities for money, which, by Ii.
terms thereof, have been, or shall be,
made pay able at the said Union Bank,
which shall fall due after the said union|
shall have been carried into effect, !
shall, from theDceforth, be considered
a. if the same had been made payable
at the said Bank of Potomac: and thai
a demand of pay ment at the said Banl
of iolomac shall, to all intents an
purposes, be as effectuaI in law as
tn same were made at the said Unia
Bank.
Sec. II. find be it further enact4
That from tho time the said uniond
the said Banks ,haIl he carried into d.
feet, the twenty seventh secti,n Of IN
act OF Congress, passed on the third d
one tho usand eight hundred d
seventeen. entitled Gan act to incorpol
rate the subscribers to certain Banks
in the District Of Columbia, and te|
prevent tho circulation Of the notes oil
associations within th,
said District, shall be, and the same i.
hereby repealed: Provided, That such
repeal shall not, in any way, impair
the right of the said Bank Of Potomac
to the money, property, debts. and ef.
fects, which shall be transferred or
conveyed to it, as,aforesaid; nor its re.
medles in It's own name for the rerove.
ry thereof ; nor any suit, now brought
in the name of the said Union Bank,
abate, but the same may be
carried on and prosecuted for the be.
nett Of the said Bank of Potomac, to
final judgment and execution; and that
proceedings on such judgments or exc.
cutions may be instituted and carried
on in the name of the said Union Bank
against the bail, securities. and all O..
Their persons bound in such suits, for
the defendants therein.
Sec. Is. .and be it further enacted,
That if any stakeholder or stockhol-
ders in either of the said Banks, who
has not heretofore assented to The union
shall within three months
from the passing Of this act, file his a.
cIaration in writing, in the said Bank
of Potomac, declaring himself dl'sa'
tisfied with the said union, and his de,
termination to withdraw his inters"
from the same; and if the said bank
cannot agree with such stakeholder OF
stockholders on the amount of such ID.
terest, and shall not forthwith pay the
same, then it shall be lawful for inc
circuit court of the District Of Co!um'
bia, at Alexandria, on the petition 10
writing of such stakeholder or STOCK
holders, to appoint three commission
era. whOse duty n ahall he tn ascertain