of three months after the said first Monday in July next, subscribe in any one day, for more than thirty shares.
Specie proportion, when to be paid, and failure in future payments to forfeit sum first paid.Sec. 4. And be it further enacted, That every subscriber shall, at the time of subscribing, pay into the hands of the persons who shall be appointed to receive the same, the specie proportion required by the said act to be then paid. And if any such subscriber shall fail to make any of the future payments, he shall forfeit the sum so by him first paid, for the use of the corporation.
In what manner public debt funded at 3 per cent. may be paid to the bank.Sec. 5. And be it further enacted, That such part of the public debt, including the assumed debt, as is funded at an interest of three per cent. may be paid to the bank, in like manner with the debt funded at six per cent. computing the value of the former at one half the value of the latter, and reserving to the subscribers who shall have paid three per cent. stock, the privilege of redeeming the same with six per cent. stock, at the above rate of computation, at any time before the first day of January, one thousand seven hundred and ninety-three; unless the three per cent. stock shall have been previously disposed of by the directors.
Approved, March 2, 1791.
Statute ⅠⅠⅠ.March 2, 1791.
Chap. XII.—An Act giving effect to the laws of the United States within the state of Vermont.
Laws of the U. States extended to Vermont.Section 1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That from and after the third day of March next, all the laws of the United States, which are not locally inapplicable, ought to have, and shall have, the same force and effect within the state of Vermont, as elsewhere within the United States.
1789, ch. 20.And to the end that the act, intituled “An act to establish the judicial courts of the United States,” may be duly administered within the said state of Vermont,
Vermont to be a district and have a district court and judge.
Number and time of sessions,
Repealed 1802, ch. 31.
and where held.
1799, ch. 21.Sec. 2. Be it further enacted, That the said state shall be one district, to be denominated Vermont District; and there shall be a district court therein, to consist of one judge, who shall reside within the said district, and be called a district judge, and shall hold annually four sessions; the first to commence on the first Monday in May next, and the three other sessions progressively on the like Monday of every third calendar month afterwards. The said district court shall be held alternately at the towns of Rutland and Windsor, beginning at the first.
Annexed to the eastern circuit, and have a circuit court;Sec. 3. And be it further enacted, That the said district shall be, and the same hereby is annexed to the eastern circuit. And there shall be held annually in the said district one circuit court; the first session shall commence on the seventeenth day of June next, and the subsequent sessions on the like day of June afterwards, except when any of the said days shall happen on a Sunday, and then the session shall commence on the day following;1796, ch. 34.
where held. and the said sessions of the said circuit courts shall be held at the town of Bennington.
Compensation to the judge.Sec. 4. And be it further enacted, That there shall be allowed to the judge of the said district court the yearly compensation of eight hundred dollars, to commence from the time of his appointment, and to be paid quarter yearly at the treasury of the United States.
An enumeration of the inhabitants to be made.Sec. 5. And be it further enacted, That all the regulations, provisions, directions, authorities, penalties, and other matters whatsoever, (except as herein afterwards is expressly provided) contained and expressed in and by the act, intituled 1790, ch. 2.“An act providing for the enumeration of the inhabitants of the United States,” shall have the same force and effect within the said state of Vermont, as if the same were, in relation thereto, repeated and re-enacted in and by this present act.
