The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1836-12-07

Banks obligniing themselves in writing TO
my fhfefes' ." the State, on the amount
ds posted IN enciI, nj The rate Of five per
cent per sR' srr. snd To I,ay over said
amount derosIred, or pny part thereof, to
,ht order 6f The Commissioners, Whenever
rqnntd in eohf6ih,iiy III The pruvisions
al 'his act. I he interest ON these deposIies
shall be paid To Ihr General 7 Treasurer on
the second Morday in Arril, 1881, aud
thereafter ahnaaily. The commissioners
IRE empowered al amy tine, i'm their opin-
lon the drp"sies ARE inse. ure in any Bank,
Ia require sufficient security of il- Bank
holding Them, ar, in d, fault thereof, or ou
taiiui~ To- pny The interest on said deposiies
io d. naDd of the Bank pay rnrnt uf The
Lm"un, of raid drposilrs, and To place The
sam, whrn received, IA snme oIber Bank
or Banks. II any Bank shall rriuse 10
make payment When saId drposites shnlf I've
d, n,aimi, Il al u, for the CAUSES aforesaid,
the Commissioners are authorized la i>sue
II warrant oi ,lls'ress, directed Ia the Sheriff
or The Deputy, IA The conniy wmre the
Dahk ~ located, &, mmaidinR lin I" dis
irath The goods, ch tais aud effects oft,sry
Kind belonging ~ such Bnhk, AID The same
Ia s.ll aud DISPOSE at to the use ,t ,lIt Safe
la un anionai equal To that due from said
Bank and the cus, of such procrs dinys.
The d-rosncs made by The Commission
nrre,"by I" lh,s ac,, ia any al the hanks,
shall remain therein, un ,ss voluntarily te-
iin.uish.,, ur unl,ss cnIi, Il iur hy the Src-
rInry at ,h- Tr.nsur, oi The U.ntd States
~ drawn .ui i,y thn C'ninissmmr IL iy r.a-
500 al Insccuii,!, "r ih. nonp"yn.h' oI n-
itusi, a. upon h" bank b,ing adjudged by
thr .,u ne Coun g"'l'y al v.oiai.ng ihe
law CO rnIng Banks, ior The space al NO
y~uis u,,in ,i,e hrs, day oi Juiinuiy 1857,
nnd umIl ,i,e passap' oi 1b ac. Of the G.n-
eraI h Assen,biy making diti, rn, disposIi,n
Il iiem. " heney.r tie nun.y Orlosi,
wmI, ib,s Sia,c, or any parI at Al, slnii lie
de,nnifd~d by the Secretary, of the 4 e"s.
ury, bOiice thereof, as soOb az ma, i'r, shall
he given by the Commissioners 10 The
Banks. The deposilrs, wirn called Ia hy
:he COn'nls' iOners ior repayment io the
United States, sliull be eqiir,d ot ,hs
Banks rntenbIy.
SEC. =. Tie interest accruing to the
State un the deposiI- Of the public money
received from the Unit d S,n,rs, shal 10
set apart, aud annually applied to ,lle sup-
port uf Public Schools ~ ihe several TOW as
aud cities Ot the State Ia wir,cl, u-r IT shall
br sppmtioned agre,"ly /" ,he g Aci IL 80
iabIish Public Scfo"I.," pnss.d at The
J.nnYry SESSION, l32c, aud he several ac,s
IN ani n inie.d t. a..
SEC. 3. The Secretary Of State shall cause
tins .ci, and aIs- the I.Ith @c,iou of the net
of Congress rrsnIn'ina ,he drI".'ies of The
public money, 10 lie prlnth aud d,sIr,bni-d
to each of the inc.rI"rns,d Banks in the
Sinls, within ten days from The rising "f ,his
As- inbly. The Banks are requested wmh-
in hurry dnys thereafter, To s,gniiy To ibe
General TREASURER ~ wiring, their r~adI-
nrss, it ~ .iisn'-ed, to receive their prop"r-
tIpn Of The 'irposIt-s, aud to comply with
the provisions of iIis nst.
SEC. 4. The Commissioners shall r..
p"r to the General ASS n,hly ~ The next
session, the nn,ncs Of the Banks that hnvo
nss-nfei io Il'is net. nRe;hrr whb the sums
i p sit-d, and nIs6 At thr ehsGing Alny yes.
srt 4, N ! nnnunl.y thereafter. the amount
which h's betG drposiird in each Bank, the
time Of d,'tosi'; the interest due aid receive
ed, NJ d also such nclinn relating to the de-
pos, e. as has been had by the Commissions
ers ~ ils dis, barge Of lie duties of tl'eif
office.
-sustf