ment of the corporation, and that of their officers, servants and affairs, as they may from time to time think expedient, not inconsistent with law.
Meetings of the stockholders.Sec. 27. And be it further enacted, That any number of stockholders not less than twenty, who together shall be proprietors of two thousand shares, may for any purpose relative to this corporation, at any time apply to the president and directors to call a general meeting of the stockholders, and if by them refused, the said number of stockholders, proprietors of not less than that number of shares shall have power to call a general meeting of the stockholders, giving at least thirty days’ notice in one newspaper printed within the town of Alexandria, and one printed within the city of Washington, specifying in such notice the object or objects of such call.
Secretary of the Treasury to be furnished with a statement of the bank affairs.
Proviso.Sec. 28. And be it further enacted, That the Secretary of the Treasury of the United States shall be, (at least once in every year) furnished, from time to time, as he may require it, with statements of the amount of the capital stock of the said corporation, and of the debts due to the same, of the monies deposited therein, of the notes in circulation, and of the cash in hand, and shall have a right to inspect such general accounts in the books of the bank, as shall relate to the said statements: Provided, that this shall not be construed to imply a right of inspecting the account of any private individual or individuals with the bank.
Sec. 29. And be it further enacted, That this corporation shall continue until the first day of January, in the year one thousand eight hundred and twenty-one: But nevertheless, the proprietors of two thirds of the capital stock of the company may, by their concurrent votes at a general meeting, to be called for that purpose, dissolve the same at an earlier period: Provided, that notice of such meeting and its object shall be published in two or more newspapers, printed within the district of Columbia, for at least three months successively, previous to the time appointed for such meeting.
On the dissolution of the corporation, the capital, &c. &c. to be divided.Sec. 30. And be it further enacted, That on the dissolution of this corporation, whenever the same shall be determined on as aforesaid, effectual measures shall be immediately taken by the president and directors, then in office, for closing all the concerns of the corporation and for dividing the capital and profits which may remain, among the stockholders in proportion to their respective interests.
Commencement of this act.Sec. 31. And be it further enacted, That this act shall not take effect until the fourth day of March, which will be in the year of our Lord one thousand eight hundred and eleven, and shall to all intents and purposes be deemed and held a public act.
Approved, February 16, 1811.
Statute ⅠⅠⅠ.
Chap. XVIII.—An Act to incorporate the Bank of Potomac.
