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


SIX, under, and subject to, So b ''m'taf'ons'
notifications, and conditions, as are herein
after enacted.
Sec. 2. And BE 1t further enacted, That If
any one OF tie Banks herein named SHALL al
any time, iail or refuse to pay on demand
any bill, note, or obligation, issued by such
Bank. in lawful currency of the United
States, when required, or shall neglect or
refuse 10 pay on demand in like currency.
il required, any moneys received by such
Bank on dsposite, to the person or persons
entitled to receive the same; then, and in
such case, the holder of any such note, bill,
or obligation, or the person or persons de-
handing such deposite as aforesaid, shall,
respectively, be entitled to receive and re-
cover interest on the same, at the rate OF
twelve per centum, per aunum, from the
time Of the demand. until the same be fully
paid and satisfied. find further, 1t shall be
lawful for Congress. forthwith, to revoke
the charter of such Bank, and to provide Tor
iiquidating and settling the accounts and al
| fairs thereof. in such manner as to their
judgment may seem e1pedient.
Sec. 8. yand be It further enacted, That
any president, director, CASHIER teller
clerk, or other ofhcer. or servant. OF any Of
the said banks, or of the Bank OF Potomac.
hereinafter named, who shall withhold,
withdraw, conceal. or efnbezzle, or con-
nive at the Withholding. withdrawal, con.
cealment, or embezzlement. of the money
or other property OF the Bank whereof he is
m officer or servant, with intent to defraud
the said Bank, shall be subject to prosecu-
ton therefor, in the name OF the United
States, by indictment, on presentment, or
information, in the circuit court OF the coun.
ty wherein such offence shall have been
committed, and, on conviction thereof. shall
be adjudged felon, and suffer an imprison'
ment Of not less than one year, nor mo'e
J than ten years, and forfeit and pay sum
| not less than one thousand, nor more than
twenty thousand, dollars, one moiety where
Of shall 60 to the United States, and the
other to the informer. mi
Sec. 4. find be IL further enacted, That,
unless the president and directors, tor the
time being, of each oftbe banks, respective
". whose charters are hereby extended,
shall, on behalf oil their stockholders, and
in virtue of an authority from them. or
majority in interest and number Of them.
file their declaration, in writing, in the Of
fee of the Secretary of the Treasury, with
in six months from the passage Of this act,
asserting to, and accepting, the extension
Of charter hereby granted, under the terms,
conditions, and limitations, contained in this
act, such Bank shall forfeit all title to such
extension of charter.
Sec. s. And be 1t further enacted, That
every stakeholder of the Bank of Alexan-
dria, of the Farmers Bank Of Alexandra
and Of the Bank of Washington. (being a
citizen of the United States, and not other
wise, shall be entitled to vote by himself,
his agent. or proxy, appointed under bis
hand and seal at all elections, in virtue of
this act, and shall have as many votes as he
has shares, rs far as thirty shares, and not
more than one vote for every FIVE shares
thereafter.
Sec. 6. And be 1t further enacted, That
meeting of the stockholders OF the Bank
Of Alexandra, in the town of Alexandria,
shall be held on the third Monday of Jan.
in every year, during the continuance of
this act; previous notice whereof shall be
published in some newspaper printed IN A.
lexandria or the city Of Washington, for
the space Of four weeks successfully; and
the stockholders assembled in consequence
of such notice, shall choose by ballot from
among themselves, by majority Of votes
of such as shall be present, or by proxy,
ten directors. being citizens of the Unite
States, for the term of one year thereafter,
and on the same day annually, for and dur
ing the continuance Of this act, alike cleo
ton shall be made; and in case Of death,
resignation, refusal. or disqualification, Of
any director, the remaining directors. at
their next meeting. or as soon as convenient
thereafter, shall elect, by ballot, another
person, qualified as aforesaid, in his place,
tor the residue of the year. The directors
or any seven of them, shall, at their next
meeting after every general election. elect,