United States Statutes at Large/Volume 3/17th Congress/2nd Session/Chapter 14
[Expired.]
Chap. XIV.—An Act to extend the charter of the Mechanics’ Bank of Alexandria, in the District of Columbia.
Charter of Mechanics’ Bank of Alexandria extended to March 3, 1836.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the act incorporating the Mechanics’ Bank of Alexandria, in the District of Columbia, be, and the same is hereby, extended and limited to the third day of March, one thousand eight hundred and thirty-six, under and subject to all limitations, modifications, and conditions, as are enacted and applied to the other incorporated banks of the District of Columbia, by an act, entitled “An act to extend the charters of certain banks in the District of Columbia,” which passed the second day of March, March 2, 1821, ch. 18. one thousand eight hundred and twenty-one.
Stockholders disagreeing from renewal, may compel the bank to refund their stock.Sec. 2. And be it further enacted, That, if any stockholder or stockholders, in said bank, who have not assented to the renewal of the said charter, shall, within two months from the passing of this act, file his or their declaration, in writing, in the said bank, declaring himself or themselves dissatisfied with said renewal, and his or their determination to withdraw his or their interest from the same; and if the said bank cannot agree with such stockholder or stockholders, on the amount of such interest, and shall not forthwith pay the same, then it shall be lawful for the circuit court of the District of Columbia, at Alexandria, on the petition in writing of such stockholder or stockholders, to appoint three commissioners, whose duty it shall be to ascertain the value of the interest of such stockholder or stockholders, in said bank, for which purpose such commissioners shall, under the direction of said court, have access to the books, papers, and accounts, of said bank, and on the report of said commissioners, and such other evidence as may be laid before said court, the said court shall proceed to ascertain the value of the interest of such stockholder or stockholders in said bank and shall adjudge and decree the value so ascertained, to be paid to him or them by the said bank, and shall have power to enforce such judgment or decree, by execution, attachment, or other legal process.
This act declared to be a public act.
Mechanics’ Bank of Alexandria.Sec. 3. And be it further enacted, That this act be, and the same is hereby declared to be, a public act, and that so much and such parts of the act incorporating the said Mechanics’ Bank of Alexandria, as may be repugnant to this act, be, and the same is hereby, repealed and annulled.
Approved, February 21, 1823.