The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-06-15

oh'eu states anu all payments made by the TToasu-
rer snail be IN checks drawn on said bank.
Sec, IL. And be IL further enacted That the said
corporauon snail not at any time, suspend refuse
payment IN gold and silver Of any of its notes bills or
ophgaons, nor OF any moneys received upon deposit
IN SAID bank or any Of its offices of discount and de-
post and u the said corporation shall at any time re-
iuse or neglect pay demand any bill note or OBJ
lgaii n Issued by the corporation according TO con-
ua.,, PROMISE OF understanding therein expressed
shall neglect or refuse 10 pay on demand, any MONEYS
received IN said bank in any Of its Offices aforesaid
on deposit TO The person persons entitled TO receive
the same Then and in every such case the holder of
any such note OIL, or obligation, the person per-
sons entled 10 iemand and receive such moneys as
Aforesaid, shall respectively be entitled 10 receive and
recover Interest on the said bills notes. obligations or
moneys, until the shall be fully paid aud satisfied
:. 'ne ,a'e OF Twelve per cent per annnm. from the
Time OF such demand aforesaid Prorided That
Congress may at any time hereafter laws enfor-
eng ana regulating the recovery Of the amount the
notes. Diis, or obligations other debts OF which pay
meht snail nave been refused aforesaid with the
Ia'e Oh interest aforementioned vesting Jurisdiction
ior tnat purpose IN any courts of the United States
deem expedient -
Sec. IL. And be IL further enacted, That if any
person shall falsely make, forge, or counterfeit, or
cause TO procure to be falsely made, forged or
terfeited, or willingly aid assist in falsely making
forging, or counterfeiting any bill in imitation
o. or parporng to be bill or note issued by order of
the SAID bank or any order check the said bank
or corporation, or any cashier thereof shall falsely
utteI or cause or procure be falsely uttered will
ngy aid or assist In falsely uttering, any bill
issued oy order OF the said bank any order check
on the sad bank or corporation any cashier there
OF or shall pass, utter publish attempt pass
utter or publish true, any false forged counter
iet OIL or note, purporting TO be bill note issued
by order OF the said bank any false, forged, or
counterieited order check upon the said bank or
corporation, any cashier thereof knowing the same
tobe falsely forged countefeited; shall pass ut
ter or publish or attempt to pass UTTER or publish, as
trina faIa aly
the said bank any falsely uttered order or check on
the said ban- corporation, any cashier thereof
knowing the to be falsely uttered with intention
TO deiraud the said corporaton any other body po
litic or person. or shall sell, utter deliver
to be sold uttered delivered any forged counter
feit note or bill IN imitation purportng to he bill
or note issued by order Of the said bank, knowing the
same to be false forged counterfeted every such
person shall he deemed and adjudged guilty of felony
| and being thereof convicted by due course of law
shall be sentenced to be imprisoned and kept hard
labor for not less than three years nor more than ten
years; or shall be imprisoned moi exceeding years
| and fined not exceeding five thousand dollars: Pro
| pided, That nothing herein contained shall be
srued to deprive the of the individual States Of
jurisdiction under the laws of the several States
over any offence declared punishable by this act.
Sec ~. And be hJurther enacted, That if any
person shall make or engrave, procure
be made or engraved or shall have in his custody
possession any metallic plate engraved after the simi
litude Of any plate from which any notes or bills is
sued by the said corporation shall have been printed
with intent to use such plate, TO suffer the
same to be used, in forging counterfeng any of
the notes or bills issued by the said corporation, or
shall have in his custody possession any blank note
OF notes, bill or bills engraved and printed after the
simude of any notes or bills issued by said corpora
ton with intent 10 such blanks suffer
the same 70 be used in forging counterfeng any of
the notes or bills issued by the said corporation
shall have in his custody possession any paper
adapted to the making of bank notes bills and SINH
lar to the paper upon which any notes bills of the
said corporation shall have been issued with intent TO
such paper, suffer the TO be used
IN forging counterfetng any of the notes or bills
issued by the said corporation every such peIson be-
ing thereof convicted by due of law, shall be
sentenced to be imprisoned for term not exceeding
five years and fined in sum not exceeding one thou
sand dollars.
\ Sec %. And be il further enacted That no other
bank shall be established by any future law of the
United States during the continuance of the corpora
ton hereby created Propided, Congress may renew
existing charters for banks in the District Of Colum
bia not increasing the capital thereof And notwih
standing the EXPIRATION of the for which the said
corporation is created it shall be lawful to the
porate name, style, and capacity for the purpose Of
suits and for the final settlement and liquidation of the
affairs and accounts of the corporation and for the
sale and disposition of their estate, real personal and
mixed, but not for any other purpose, any other
manner whatever, nor for period exceeding two
years after the expiration of the said term of ncorpo
| ration
+ Sec 81. And be IL further enacted, That if the
subscriptions and payments TO said bank shall not DO
made and completed to enable the to
mence its operations; if the said bank shall not
commence It's operations on or before the fir Mon
day in April next, then, and in that case Congress
| may at any time within twelve months thereafter, de.
clare, by law, this act null and void
| Sec - And be IL further enacted That when.
ever a committee of either house Of Congress, appoint
ed to inspect the books and to examine into the pro-
ceedngs of the corporation hereby created shall
port that the provisions Of this charter have been by
| the same violated; the President of the United
States shall have reason to believe that the charter
has been violated it may be lawful for Congress d.
| rect or the President to order, scire faeds to be
sued of the Circuit Court Of the United States for
the District of Columbia, in the name of the United
States (Which shall be served upon the president of
the corporation for the time being-at least fifteen
days before the commencement OF the term of said
court calling the said corpoi alton to show cause
wherefore the charter hereby granted sha not I've de-
clared forfeited and 1t shall be lawful for the said
court upon the return of the said scire facids to
anime into the truth of the alleged violation and il
| such violation be made to appear, then to pronounce
and ndiudge that the said charter is forfeited and
nuIled Prorided howerer, That every issue of fact
which may be Joined between the United States and
the corporation aforesaid shall be tried by jury And
it shall he lawful for the aforesaid TO require the
production of such of the books papers Of the
poraton as it may deem necessary for the ascertain
ment of the contioverted facts and the final judg-
ment Of the court aforesaid shall be examined in the
Supreme Court of the United States by writ of error
ana be there reversed OF aHrIneu according 10 the
usages of law.
u Sec %. And be II further enacted, That Congress
the right to limit extend the time for which
the said corporation may discount notes bills of
changes and pass all laws which may be necessary
to carry into effect the provisions of this act accord
ing to the true intent and meaning thereof; and it
shall not be deemed any infringement of the privileges
conferred by this act for Congress TO direct the pac
ing of offices of discount and depesite in any such
places may be necessary and proper for the coec
ton, safe-keepng, and disbursement of the public
| revenue.
T. nn.ru a. - AM