The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1870-06-30
oFFI0IAL.
J. Laws OF THE United STATES;
PASSED AT EaE
SECOND SESSION OF THE FOR
TY-FlRsT CONGRESS.
EPublls-No. eel

ion Savings Bank Of the D'stFict Of
columbiS.
Be asaaeied ~ &s Ssaats and Hasss
Of Repsseatatipei Of fthe Uaied States
Of Anseriea IL Coagrtss assembled. That
George H. Plant, Wi,liun s. Hpn,inp-
ion, Lewis clephsns, H. A. Willard,
.GsorgO w. Adams. 8. P. Brown. Wis
liam StcsneV. B. p. Snyder A l. Sur
tavant j. H L,throp NstkaniAi WiIson..
l'R D. Mussey. ZspSs O. Robbins, VIII.
liam B. Told. ElWSrd simms. J 'sAph
Casey, ] mes n. Lsua. Henry Willard.
William Il Philip. Alexander R. Ship
herd. William P Dole. Hugh MeCulloeh
aud MslthtW G. Emery. are hereby ire.
ated, aud their successors aud assigas.
shall be, aud they srs hereby declared
10 bs. q body polite aad corporate by
tbe sme and style Of the National Saw
| inps Bank Of the District Of Columbia,
aud by that name shall have succession,
and be capable 10 lag 10 sue and be su-
ed, plead aad be implicated, snsser sOd
be answered. defend and be defended, 10
al courts Of law and equity. aud else.
where; to make aud to use common
seal, and The ssma 70 alter or renew at
pleasure; and generally to do and per.
lorm eli things raIative 10 the object Of
this institution, whichis now or shall be
Lawful for ropy individual or body polite
or corporate to DO, aSa
SEC. Q Aud be Il firtker enacted. That
the officers u said corporation shall cons
ast Of a president and vice president,
who, together with seven trustees. shall
constitute boar.l Of m4osgers. four Of
whom. Il the pre,iJent OF vice president
be pt.Vent. shall consulate legal mset-
ing Of such board Tor the transacliOn Of
business
SEC t3 And be 4 fxrfkcr ea7cted, That
said corporation shall meet annually 10
,hs month Of Apil. and as much oIteuer
90 they az Judge expedienl, aud spy
seven membersof said corporation. the
president, secretary ora,rsssaer being
one, shall bs q quorum and the said
corporation Of :beir snnual meeting shall
have power 10 elecla president and q
ttssslter, who shall give bond ia. the
sun often hohssnd oiiaI1 for the faiths
| fui discharass OF The duties of his ofIiaes
Eand sall iudh other olIisefs % ma, be
deshel necs6iafi; rhich 6llleefs shall
cdrtinue IN ofHes ons yesr. sud until
otbers ore rhoscn- 20 their stead, and 90
officers 50 chosen shpll be under caih to
Inc faithful dischares Of the daties Of
their .fficps, re respec,ively
SEC a And Je Il fatlst,; enacted, That
said corporsiion m.y receive on deposit
| FIR The use aud benefit of,tbe depositois.
ell sums u money offued for that puf-
pose Allsuch sums may be invested
in ,ha stock, Of any bank incoporaled
by Congress, OF msy be loaned 90 inter
est to any such bank. OF mas be loaned
on bonds or no,es, with collsteral secu
Eity Of tho stick Of such banks OF not
more than ninety per centumlof its par,
value, ,.or hey may be inyested3dtf Iinl:
the public funds Of the Uoitsd States Of.
the several STATES, or losaed on q pledge.
of aoy ,a'd finds. OF invsstadzii loans
on mortgages Of real estate; Provided.
That the whole amount Of stock held BY
the Institution al one lime 10. auv one
bank. both By Rsyof 90 investment and
az surety for loans. shall not exceed
one half Of the capital sock Of such
bank. and that not more than three.
quarters, Of the whole sun deposited 10
the in the institution shall he al any one
time 10 mortgages Of real es ale. The
income or Interest Of oil dspesi's shalt
be divided amoog the dtpoFitOrs,or their
legal representatives.. according 10 the
tptms Of interest stipulated; aud the
principal may be wiihdrawn at such
times or 10 such manner as the corpora.
tion shall in its by y.lsws d ttct.
Sso. 8 ARd5ea fsrtker esactes Tbat
no officer, iireotor, or COMM tee, char-
ped wub the du.y Of investing the de-
posils shall borrow aoy portion thereof.
o. use the same. except in payment OF
the expenses Of the corporation; and ii
apy officer, director. Sgent. or other per-
soo connected with ssid bank. and in
teres,ed wrh the funds or deposits there.
Of. shall embezzle OF lrsudulen,lY con.
YER, the same to hi. own use. he shall he
deemed guilty Of Iarceucy. and shal. on
| CO onyicrion theteoI BY anv court comps-
tent 10 Try the offsoCe. be Imprisoned in
the psuitenltary not less than one nor
more than ten years.
SEQ. 6 And be Il further enacted.
That tbs subordinate agents Of said cor
pors,ion shall sespec'iVely give such ss-
curly for their fidelity and good cou.
! duct ss the board Of nj uagers NAV from
timo. 10 Tins rrqiire. AMI sGid board
shall fix The salaries Of Such officers and
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