Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-08-19

~ tho ePening Of the subscription TO The
capital stock Of the saId bank. tho Secre.
larS 81 the Treasury shall snhscribe ;,
eauee 70 be subscribed. on behalf Of tha
United States. the said numher Of one
hundred thousand shares, smouniipe 10
ten millions Of dollars, as Aforesaid ;
which said subscriptions. 80 made by the
Secretary Of. the Treasury, as Aforesaid.
shall be paid il bullion, IN cold or silyer
coin, or in stock Of tbs United S,a,e,
bearing interest at the rate Of Eve per
een'um per annuu and II payment
,nereoi, or Of any part thereof. BE- made
IN public stock, bearing interest a. afors-
SAID, The said interest Hhall be payable
bali yearly, 70 Commence from The time
OF making such payments on aceoun, Of
the said SubscriplIon and the PRINCIPAL
Of the said stock shall DO redeem able in
any sums. and al any periods, which the
Government shSll deem 81. after The ex.
pirstio0 Of fifteen years. And the Secro.
tary Of the Treasury shall cause eeitifi.
Gates Of public Siock, 10 the amount Of
ten millions Of dollar, 10 be prepared
and mede in the usual form, and shslI Al
nis discretion, end WhensoeVer he shail
mink at, cell the same for gold or silver
com. or bullion. 81 not less than the par
value thereof, or be shall pay over and
deliver three millions Eve hGndIed thou
sand dollars Of the same 10 the said bank.
on the first dSy OF January, eighteen hun.
dred aud iorty-two. and two millions Eve
hundred thousand dollars on the hrs, dav
OF May, aud -four millions Of dollars Of
the same on the hrst day Of September.
IN the ssme year which said stock Il
shall be lawful for the said bank 10 sell
aud transfer for gold and silver coin. or
bullion, ct their discretion. And IL the
Secretary Of the Treasury shall cell the
whole. or any part Of the said stock. he
shall pay 10 the said bank gold and silver
com, or bullion. TO the nominal amount
OF stock so sold on like inStslments : Pro
Vldsd AsreTthsIess, That 10 the amount of
stock which may be offered for the Sub.
'eriPiion OF individuals. States. or corpo.
rations. shall no, be fully taken prior 10
the twentieth Of Deeem Der next. and the
deficiency do not exceed one. third. the
residue shall be subscribed for ey the Sc
cretary Of the Treasury. on behalf Of the
United States, and shall be sold BY him
as soon thereafter % he can obtain its
par value; and for shich the Secretary
ct the TTeaSury 10 hereby authorized to
issue stocks Of the United States, 10 man.
neT - bSforr provided.
SEC. Z. find Be Il further snoefed, That
the subscribers 20 the aid bank. their
successors and assigns shall be, end they
are hereby. created cOFp0fation and
body police. by the name and style OF
the Fiscal Bank Of the Uniled States %
end shall 80 eoDiinus nntil the 6rst day
OF June, IN the year one ihogssnd eight
hundred and GIxty-lWo; and by that name
shall be, and ere hereby, made able and
capable IN law, 10 have. purchase, re.
eeive, posses enjoy, end retain to them
and their saeeessorS, lands. rents, tsne-
meats. heredilameniS, goods, ehatlels,
and effects, OF whatsoever kind, nature
snd quality; and the same to sell, grant
demise, alien. OF dispose Of TO sue and
be sued, plead, snd be pleaded, ansxer
and be answered. defend and be defend.
ed, IN all State courts having eompetsn,
jurisdiction. sod ia any circuit courts Of
the United Slalesi aud also 20 make,
have, and use 3 common seal, and The
same to break, alter, and renew AZ their
pleasure sDd siso 10 oF3ain, establish,
and pat IA execution, such bylaws and
ordinances sud EsEulAlions as ihey shall
deem necessary end convenient (of the
government Of the said corporation, not
being contrary 70 lbs constitution IhsTeol,
OF TO the laws Of the URiled States: and
generally 10 do sod e4scuis Ell aud singu.
lar the aeis, mal;sFs, and things which 90
them IL shall or msy appertaia 10 do
subject. neverlheless. 10 ;he rules, regu-
lailons. restrictions, limitations. and pro.
visions, hereinafter prescribed snd de-
elsrsd.
SEc- 8. .fad Be- Il fariAsr snecfe5, bsi,
TOR the management Of The affairs Of the
said corporation. there shall Be aims q.
TeetoFs, three 81 Wh0m shall be annually
appointed by the PTtsideaf Of the Unitsd
States, BY and with the advice cad con.
sent Of the Sersis. and six Of whom shsll
BE enpually elected q; The banking.
house % the ciiy % Washington, %
the hFsi Monday Of JsnuaFy IN each wear.
by The qualihed sioekholdsFs Of the cSpi-
ial Of said bank. cher thea lhs Uaied
States. and By . plurality 81 voters then
and there actually given. sccsFding 70 the
scale 81 r0ting hereinsiieF prescribed !:
Provided. afraVs, Thsi no member Of
Congress, o. n the respective State Ls.
gisiaiufss. and no officer % contractor Of
the Federal o. State GoveFnments. shall
be = director IN esd bank o. branches.
aad ih4l 10 Psfsons being . director "a
he Fistal BaBk o. the Uniisd States. o.
ang Of Sc branches. shall Be q director 81
anW other bann onf shor.fa onv swrh a
rector aci as director b. coy oihsr bank
q shell forthwith vacaie be appointment
90 iha dtfeciioa 81 tie Frcsi Rsnk az the
Uniied States cod ihe DIRECTOR 90 dolly
appoiated and sloelsd shall be caYsble 81
serving By virtue 81 such appointmsni
sod choice, from lbs hfsi Mondsy 70 TIE
meath 81 1aqsafy IN sseh yssr. unia Ire
end and expiration Of TIE frsi Monday jr
The meath d 1souagy q the ysar n6Hi en.
suing re time Of each snnnal slsciion.
70 b. heie By ne Eioekholdsrs "a afofs-
said. AID ihs boaid 81 d,gacio1s anaa.