Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-06-27
OFFICIAL.
LAWS OF THE UNITED STATES,
Passed ss Second Session Il Forty -drst Congress
TPUBIIC-NO 60 I

Bank Of the District Of Celanoia.
IL fh.s sso1ss s f. Plant w.n M s a"n
s sfass, ssS'%sfi a seEnsy seIfss
dMsr, I. StqTri:ysnt r. Ansh5SSSI, nnSSI, Nathaniel
Lstts. !. .nry willard, wiiss@ IL. Philie. Xie1aa:
iOch, and Mathew c. Emery, are. hsreSs cresied,
and their and sssiens, shall be- and they
sad hs
Bank Of te District Of columbia, and ny that name
answered. defend sss be defendss in ali courts @ Of
ccm@n ssai and hs same tc aier or renew s at
plesscre; and generally do and perform ali Things
shall ps Se for any % 5od y
politic or eorpoTate to do.
vice president, who, together with seven trustees,
oSts =
Poration shall meet annually in the month Of April
and any seven members Of said corporation, the
Ss SeH IL shall S
nesting % have t sS elect h President an
hcusapd dollars FOR sSe faithful @ disossrss o 81 te ts
duties Of his Office and all such other officers may
in Office one year others are chosen in their
stead, and all officers chosen shall be under oath
to thefsithu discharge of the duties of their Offices
VIC. Xnd be IT further enacted, That said COMO
ali Of @s sns for
that purpose: All such sums may be invested in the
loaned q %.g ss
loaned on bonds or notes with collateral security OF
I'M the public funds Of the nSS States Of
several states, or loaned q pledge of any Of <ad
funds or invested in loans mortgages Of resl es
Sss 1 % That the whole f%ount Of stock
both ey way I Of an and rs az surety for
Of such bank and that not more than three duaTters
Of the whole sum deposited in the institution shall
estate fhe income or interest Of ali dep"sts shall
be divided among the depositors, or their legal
stipulated; and the principal may be withdrawn at
such times or In tnch manner as the corporation
SEC. 5. And Be u further enacted, That no onBcer,
director or committee, charged with the duty Of in
penses of the oorporation and if any ofcer direct
and With the or dsposs :"f
shall embezsls or frauduently convert the same 10
nd eonReoe y .Sy S
petent to try the offence be imprisoned in the peni
tentiary not less than one nor more than ten
SIC. s And Dc itJwthsr snaetsd, That the sub.rdi-
sd Of ssd Ss
good conduct as the board Of managers may from
'alsries Of such officers and agents.
FEC; Z. And be uJwfher enacted, Thatthe persons
1ff
shall be authorizedto meet an organize said bank
by the election of of their number as presid mt
and one as vice president and theTeupon shall pro
ceed TO elect such persons they shall select be
added to their board of managers, ths the whole
numDer of trustees or managers including the pres
sons.
SEC. 8. And be it Jxrth, enacted, That thi, cor
iheT funds end investments Said returns shall
specify the following particulars, namely: The
lumber OF depesitors; total amount OF deposits;
amount invested in bank stock and posted In bank
on interest; amount secured by bank stock; amount
invested in public funds; loans security of public
funds loans on mortgage of real estate loans on per
sonsl securities amount of cash ON hand otaI dyi
dends OF The year annual penses of the nsttution
De 81 aaS S to BY the
also certify and make oath that the said return is cor
%nS s e%@si.S Ts.s sas Ss bsed
OF said corporation shall all times during sbai
natsn to the Comptroller Of
tors.
ration may make by laws for the more orderly
Management Of Il cir business not repugnar 10 law
may have common seal which they may change at
agreements. made by their treasurer, or any other
person BY their authority shall be good and valid;
may be sued; defend and be held to answer, by tie
tEC II: 1nd be IL Jnthe enacted. Tha. the said
corporation shall file bond, with security, with the
clerk o. the supreme court OF the District be APP
proved By Of the judges Of the said court 10 the
Thousand dollars, with condition to pay and to
satisfy to every de positsr person entitled such
days such deposit shall be demanded ann which
bond may be sued by any deposition or person en-.
sd b ssef sed such demand and refusal to and
Suire new bond, and new security, at anv time
they may deem it necessary for the interest OF par
SEC. II. 1Ind be 1t further ensrted, That Congress,
shall at al time. possess the power to alter amend
or repeal this act. lApproved, May n, $50.