Chapter LXII. concerning the Banks of the District of Columbia
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/statutes-at-large/vol-6/chapter-lxii-1005377·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, &c., * That the charters of the several incorporated Banks in the District of Columbia, now paying specie, and during suchCharters of the banks in the district paying specie, &c. continued until 1st June 1822.Charter of the Bank of Columbia limited.Proviso. 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.