The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-25

10 cur,a until they return 10 the just Proportion
and ia the event Of Suspension OF specie payments
The Bank lie liable to the payment Of twelve and
haIfPer cent 10 the holders Of their notes and other
creditors az
18th. The Bank or branches not 10 pay cot the
notes OF any other Bank or any thing but legal coin
or its own notes. 10 purchase any public debt OF
stock Of any kind or 70 loan on pledge thereof o.
70 make donations or presents Of its funds TO any ON
Ger or Director.
18th. The Primary Board or Parent Bank shall
make necessary rules regulations and ordinances of
the government Of the Bank and branches and 70 I'M
pose sauary restraints 10 prevent excessive ana I'D
prudent loans individuals, MOI consistent WIN TINS
act or the Constitution and laws Of the United
States. .
I4th EmberzIing the money Of the Bank BY III
officers or making false and fraudulent entries, &c
on the books 10 dsfraud the Bank, made felony ana
counierfestina the notes, &c. also made felony.
18th Bank limited in the purchase OF land 10 what
may be necessary anil proper for the uses and accom-
modations Of the institution, and shich may be sc-
CURED in satisfaction Of debts and that 10 be sold
within three years and TO lend only on personal so
curly.
10Th. No member Of Congress or Of any State Lee
gisature, and officer contractor Of The Federal
STATE Governments 10 be Director IN the Bank or
branches shalt any Cashier other inferior of-
Ger in the Bank branches, borrow money from the
Bank OF be taken endcrser or accepor the Cash
ers 10 give bond and security, &c.
18th. The Primary Board shall appoint committees
Of their own body annually, not more Than four nor
less than two to visit and anime The branches.
18th Eight Directors and the President shall be me-
cesssry TO constitute board 10 do business, and two
thirds shall be necessary to concur 10 every measure
i9h The Primary Board shall appoint Directors,
Presidents and Cashiers for the branches not exceed
ing to any branch, including the President the
clerks and other ofcefs 10 be appointed by the Drec-
tors Of each branch and TO be allowed a reasonable
compensation. The President and Cashier Of the
Parent Bank and the Presidents and Cashiers OF the
branches and other officers Of the institution, To re-
ceive reasonable compensation, 10 be fixed by The
Parent Board.
20th This corporation 10 continue for twenty years,
after its organization and commencement, and until II
shall be repealed by OF Congress and in the mean
time, Congress shall have iu power to modify, amend,
and alter this in such experience shall
prove 70 be and proper TO efecuate the pur-
poses and objects OF the institution.
2lst. When new Stale shall be admitted into the
Union such State shall be entitled 10 Just proportion
Of the dividends Of the Bank and the appointment Of
Director.
I'D The public money shall be paid into and depo-
siied IN the Bank and branches and credited 10 the
Treasurer Of the United States and shall be deemed
to be in the Treasury and subject to the checks and
drafts of the Treasurer.
I'D This corporation shall have and use a com
mon seal, and are authorized to borrow money at a
rate Of interest exceeding five per cent to raise
increase their capital contemplated by this act
the faith Of the funds hereby sci apart and pledged
for that purpose.