Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1821-05-01

judgement may seem expedient.
Sec. 8. ind be it further enacted,
That any president, director, cashier,
teller, clerk, brother officer, or servant,
of any of the said banks, or of the Bank
of Potomac, hereinafter named, who shall
withhold, withdraw, conceal, or embez-
zle, or connive at the Withholding, with
drawal, concealment, or embezzlement,
of the money or other property of the
bank whereof he is an officer or servant,
with intent to defraud the said bank,
shall be sub ject to prosecution therefor,
in the name of the United States, by in
dlctment, on presenment or information,
in the circuit court of the county where
| in such offence shall have been commit
ted, and, on conviction thereof, sh3ll be
adjudged felon, and suffer an imptison
| nent of not less than one year, nor more
than ten years, and forfeit and paya sum
not less than one thousand, mol more
than twenty thousand, dollars; on moi
ETY. whereof shall go tothe United states,
and the other TO the inforner.
Sec. 4. Ind be it further enacted,
That, unless the president and directors,
Tor the time being, of each of thebanks
respectively, whose charters are Hereby
extended, shall, on behalf of theirstock-
holders, and in virtue of an authority
from them, or a aiority in interest and
number Of them, file their declaration,
in writing, in the Office ofthe Secretary
OF the Treasury, within six month"; from
the passage of this act, asserting o and
accepting the extension of charter here
by granted, under the terms, conditions,
and limitations, contained in this act,
such bank shall forfeit all title to such
extension of charter.
Sec. s. Ind be it further enacted,
That every stockholder of the Bank of
Alexandria, Of the Farmers Bank of
Alexandria, and ofthe Bank of Washing
ton, (being citizen ofthe United States,
and not otherwise,) shall be entitled to
vote by himself, his agent, or proxy, APP
pointed under his hand and seal, at all
elections, in virtue Of this act, and shall
have as many votes as he has shares, as
far as thirty shares, and not more than
one vote for every FIVE shares thereafter.
Sec. 6. Ind be IL further enacted,
That a meeting Of the stockholders OF the
Bank of Alexandria, in the town of
Alexandria, shall be held on the third
Monday Of January in every year, during
the continuance this act; previous no.
tee whereof shall be published in some
newspaper printed in Alexandria or the
city of Washington, for the space of
four weeks successfully; and the stock
holders assembled in consequence OF
such notice shall choose by ballot from
among themselves, by a majority OF votes
of such as shall be present, or by proxy,
ten directors, being citizens ofthe United
States, for the term of one year there.
after, and on the same day annually, for
and during the continuance of this act, a
like election shall be made; and in case
of death, resignation, refusal, or disqua,i-
fca,ion, of any director, thc remaining d.
rectors, at their next meeting, Or as soon
as convenient thereafter, shall elect, BY
ballot, another person, qualified as afore-
said, in his place, for the residue OF the
year. The directors, or any seven Of
them, shall, at their next meeting after
every general election, elect, by ma
lorty of members present, by ballot,
from among themselves, president,
who shall retain allthe powers and privi-
leges of director; and III case of re-
fusal, death, resignation, or disqualified
tiar, Nf he ,,1or,t tho 1i,,octarc ba IL
meet as soon as conveniently can be
thereafter, and, after filling the vacancy
in the number of directors required by
this act, elect another person for presi-
dent in manner before directed.
Sec. r. ind be it further enacted,
That it shall not be lawful for any of the
said banks, after the first day of January
next, to make, issue, or reissue any bill,
note, or obligation, payable to bearer or
order, of a denomination under five dol
lars.
Sec. 8. ind be il further enacted,
That the fourteenth section of the act in
cooperating the Bank of Columbia alore-
said, passed the twenty-eighth day of
December, one thousand seven hundred
and ninety three, be, and the same is
hereby, repealed and annulled: Propi-
ded, That the said fourteenth section
shall remain in full force and effect in re-
lation 10 all debts contracted with the
said bank previous to the passing of this
act.
Sec. 9.I.And be it further enacted,
That it shall be lawful for the Central
Bank OF Georgetown and Washington
to proceed, forthwith, to liquidate and
close all the concerns of the Cornoration.