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3, 1795, ch. 45.

the commis

sinking fund extended.

Act of Mar. sinking fund, by the tenth section of the act to which Powers of this act is a supplement, shall extend to all the cases of sioners of the reimbursement of any instalments or parts of the capital, or principal, of the public debt now existing, which may become payable according to law. And in every case in which a loan may be made accordingly, it shall be lawful for such loan to be made of the Bank of the United States, any thing in any act of Congress to the contrary notwithstanding.

821.

621.

Approved, June 28, 1809.

ACT OF FEBRUARY 15, 1811.

Stat. L., CHAP. XV.-An act concerning the Bank of Alexandria.

(This act established the Bank of Alexandria, and in addition to prescribing its general powers and duties provided that it should not issue any note for a smaller sum than five dollars. Other acts in relation to banks in the District of Columbia and Territories, with some of the special powers and duties prescribed, are as follows: February 15, 1811 (chap. 16, 2 Stat. L., 625), incorporated the Bank of Washington. February 16, 1811 (chap. 17, 2 Stat. L., 629), incorporated the Farmers Bank of Alexandria. February 16, 1811 (chap. 18, 2 Stat. L., 633), incorporated the Bank of Potomac; not to issue notes of a smaller sum than five dollars. February 18, 1811 (chap. 19, 2 Stat. L., 636), incorporated the Union Bank of Georgetown. May 16, 1812 (chap. 87, 2 Stat. L., 735), incorporated the Mechanics Bank of Alexandria; not to issue notes of a smaller sum than five dollars. March 3, 1817 (chap. 93, 3 Stat. L., 383), incorporated the Farmers and Mechanics Bank of Georgetown, the Central Bank of Georgetown, the Bank of the Metropolis, the Patriotic Bank of Washington, the Real Estate Bank of the United States, and the Union Bank of Alexandria.

(Section 14 provided, among other things, that the banks should in no case buy and sell the funded debt of the United States, and section 29 prohibited unchartered banking companies within the District of Columbia issuing notes, etc. May 4, 1820 (chap. 62, 3 Stat. L., 570), charters of the banks in the District of Columbia pay

ing specie, and as long as they pay specie continued until June 1, 1822; charter of Bank of Columbia limited to June 1, 1822. March 2, 1821 (chap. 18, 3 Stat. L., 618), extended the charters of the Bank of Alexandria, the Farmers Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank of Washington, the Union Bank of Georgetown, the Farmers and Mechanics Bank of Georgetown, and the Bank of Columbia.

(Section 7 prescribed that no note under five dollars should be issued by any of said banks; other sections provide for the liquidation of the Central Bank of Georgetown and Washington; for the continuance of the Bank of Potomac; for the consolidation of the Union Bank of Alexandria and Bank of Potomac; for the consolidation of any two of the banks whose charters are extended, etc. February 21, 1823 (3 Stat. L., 727), extended charter of Mechanics Bank of Alexandria. February 9, 1836 (chap. 5, 5 Stat. L., 1), extended the charters of the Bank of Potomac, the Farmers Bank of Alexandria, the Union Bank of Georgetown, the Farmers and Mechanics Bank of Georgetown, the Bank of the Metropolis, the Patriotic Bank of Washington, and the Bank of Washington. February 25, 1836 (chap. 40, 5 Stat. L., 4), extended the charters of the Bank of Columbia, and the Bank of Alexandria. July 2, 1836 (chap. 260, 5 Stat. L., 69), extended charters of banks mentioned in act of February 9, 1836 (supra). March 3, 1837 (chap. 75, 5 Stat. L., 198), the acts of the legislative assembly of the Territory of Wisconsin incorporating the following banks approved: The Bank of Milwaukee, the Miners Bank of Dubuque, and the Bank of Mineral Point, with the condition that none of said banks should issue bills or notes for circulation until one-half of their capital should be actually paid in. May 25, 1838 (chap. 88, 5 Stat. L., 229), extended charter of the Union Bank of Georgetown, and provided for closing its affairs. Charter further extended by act of August 28, 1841 (5 Stat. L., 451). May 31, 1838 (chap. 91, 5 Stat. L., 232), continued the corporate existence of the following banks: The Farmers and Mechanics Bank of Georgetown, the Bank of the Metropolis, the Patriotic Bank of Washington, the Bank of Washington, the Farmers Bank of Alexandria, and the

Bank of Potomac; provided, said banks cease receiving or paying out all paper currency of less denomination than five dollars, redeem all their notes of five dollars in gold or silver, and resume specie payments in 1839 or sooner if the principal banks of Baltimore and Richmond should sooner resume specie payments in full. July 5, 1838 (chap. 154, 5 Stat. L., 254), extended charter of Bank of Alexandria. July 7, 1838 (chap. 212, 5 Stat. L., 309), made it unlawful for any individual, company, or corporation to issue, pass, or offer to pass within the District of Columbia, any note, check, draft, bank bill, or any other paper currency, of a less denomination than five dollars. July 3, 1840 (chap. 40, 6 Stat. L., 802), continued the corporate existence of certain banks in the District of Columbia and extended the provisions, etc., of the act of May 25, 1838 (5 Stat. L., 229), to them. August 28, 1841 (chap. 12, 5 Stat. L., 449), extended the charters of the banks mentioned in act of May 31, 1838 (supra), provided, said banks resume and continue the payments of all their notes and specie liabilities, in specie, on demand, and prohibited the issuing of notes of less than five dollars, etc. June 17, 1844 (chap. 98, 5 Stat. L., 677), extended charters of certain banks in the District of Columbia in order to wind up their affairs. March 2, 1847 (chap. 38, 9 Stat. L., 153), extended charter of the Union Bank of Georgetown in order to close its affairs. December 27, 1854 (chap. 15, 10 Stat. L., 599), provided for suppressing the circulation of notes, etc., of less than five dollars in the District of Columbia. March 8, 1864 (chap 21, 13 Stat. L., 17), incorporated the Washington City Savings Bank. May 5, 1870 (chap. 80, 16 Stat L., 102), section 4, provided for the organization of manufacturing, business, and other corporations in the District of Columbia, and the act of June 17, 1870 (chap. 131, 16 Stat. L., 153), provided that savings banks might be organized thereunder. May 24, 1870 (chap. 110, 16 Stat. L., 137), incorporated the National Union Savings Bank of the District of Columbia. January 20, 1873 (chap. 43, 17 Stat. L., 412), authorized the Comptroller of the Currency to examine national banks in the District of Columbia. June 30, 1876 (chap. 156, 19 Stat. L., 64), provided that all savings banks or savings and trust companies organized under any act of Congress shall

make to the Comptroller of the Currency the same reports as national banks, and be subject to the banking laws so far as applicable. October 1, 1890 (chap. 1246, 26 Stat. L., 625), provided for the incorporation of safe deposit, trust, loan, mortgage, and other companies within the District of Columbia, and the provisions of which act were reenacted in the District of Columbia Code March 3, 1891, sections 713 to 748 (31 Stat. L., 1303-1310), as set out in the next following reference. March 3, 1901 (chap. 854 (Code), 31 Stat. L., 1284), sections 605 to 640 provide for the incorporation of savings bank corporations in the District of Columbia and prescribe the powers and duties thereof; sections 687 to 700 apply in the same manner to building associations; sections 713 and 714 to savings banks, and sections 715 to 748 to trust, loan, mortgage, and certain other corporations; section 713 provides that all savings banks or savings companies or institutions organized to do business in the District of Columbia shall make reports to the Comptroller of the Currency, and be subject to all the provisions of the Revised Statutes, etc., applicable to national banks; section 714 provides that the Comptroller of the Currency may cause examination to be made of any bank in the District of Columbia; section 720 provides that trust, loan, mortgage, and certain other corporations shall report to the Comptroller of the Currency as in the case of national banks, and that the Comptroller shall have the same visitorial powers, etc.; section 713 was amended by act of June 30, 1902 (32 Stat. L., 534), by omitting the paragraph making such banks subject to the provisions of law applicable to national banks, etc.; section 713 was further amended June 25, 1906 (34 Stat. L., 458) to include other banking institutions; to give the Comptroller of the Currency power to take possession of any such bank or company as he would a national bank; and to require the making and publication of reports; section 714 was amended by the same act to apply to any bank mentioned in section 713 amended, and to provide for the payment of the expenses of an examination as in the case of a national bank.)

694.

ACT OF MARCH 14, 1812.

2 Stat. L, CHAP. XLI.—An act authorizing a loan for a sum not exceeding eleven millions of dollars.

Lawful for

the banks in

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SEC. 4. And be it further enacted, That it shall be lawful

the District of for any of the banks in the District of Columbia to lend

Columbia to

or any part thereof.

make the loan any part of the sum authorized to be borrowed by virtue of this act, any thing in any of their charters of incoporation to the contrary notwithstanding.

695.

Approved, March 14, 1812.

ACT OF MARCH 19, 1812.

2 Stat. L., CHAP. XLIII.—An act repealing the tenth section of the act to incorporate the subscribers to the Bank of the United States.

[Obsolete.]

section of the

Be it enacted by the Senate and House of Representatives of the United States of America in Congress asThe tenthsembled, That the tenth section of the act, entituled “An act incorporat act to incorporate the subscribers to the Bank of the repealed. United States," shall be, and the same is hereby repealed. Approved, March 19, 1812.

ing the bank

798.

ACT OF FEBRUARY 8, 1813.

2 Stat. L., CHAP. XXI.-An act authorizing a loan for a sum not exceeding sixteen millions of dollars.

Banks in the

District of Co

ized to lend

this act.

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SEC. 5. And be it further enacted, That it shall be lawlumbia author ful for any of the banks in the district of Columbia, to money under lend any part of the sum authorized to be borrowed by virtue of this act, any thing in any of their charters of incorporation to the contrary notwithstanding. Approved, February 8, 1813.

ACT OF AUGUST 2, 1813.

3 Stat. L., 75. CHAP. LI.-An act authorizing a loan for a sum not exceeding seven millions five hundred thousand dollars.

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SEC. 5. And be it further enacted, That it shall be lawful for any of the banks in the District of Columbia, to

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