Chapter LXII. concerning the banks of the district of Columbia
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/statutes-at-large/vol-3/chapter-lxii-2568118·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chap. LXII.— An Act concerning the banks of the district of Columbia.May 4, 1820. *Be it enacted by the Senate and House of Representatives of the United Charters of the banks in the District paying specie, and as long as they pay specie continued until 1st June, 1822. Charter of Bank of Columbia limited to 1st June, 1822. Proviso. States of America, in Congress assembled,* That the charters of the several incorporated banks in the District of Columbia, now paying specie, and during such time only as such banks respectively shall continue to pay specie, be, and the same are hereby extended to the first day of June, one thousand eight hundred and twenty-two, any thing in the said charters to the contrary notwithstanding; and the charter of the Bank of Columbia, be, and the same is hereby declared to be limited in its duration to the said first day of June, one thousand eight hundred and twenty-two: *Provided,* That this act shall be of no force or effect to extend any charter aforesaid, till a majority in interest of the stockholders of the several banks whose charters may be hereby extended, shall file their declarations in writing, in the office of the Secretary of the Treasury, assenting to, and accepting the benefit of this act.
Approved, May 4, 1820.