United States Statutes at Large/Volume 5/24th Congress/1st Session/Chapter 231
Chap. CCXXXI.—An Act to disapprove and annul certain acts of the Territorial Legislature of Florida, and for other purposes.
Territorial Legislatures not to grant banking privileges until, &c.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That no act of the Territorial Legislature of any of the Territories of the United States, incorporating any bank or any institution with banking powers or privileges, hereafter to be passed, shall have any force or effect whatever, until approved and confirmed by Congress.
Acts of Legislature of Florida annulled.Sec. 2. And be it further enacted, That the following acts of the Territorial Legislature of Florida, namely: an act entitled “An act to incorporate the Bank of St. Joseph,” passed February twelfth, eighteen hundred and thirty-six; an act entitled “An act to incorporate the Florida Insurance and Banking Company,” passed February tenth, eighteen hundred and thirty-six; an act passed February fourteenth, eighteen hundred and thirty-six, entitled “An act to incorporate the St. Joseph Insurance Company,” and all other acts and parts of acts, passed by the Territorial Legislature of Florida, in the year eighteen hundred and thirty-six, creating banks or extending banking corporations, or corporations with banking powers, or conferring banking powers on any corporation or institution whatever, be, and the same hereby are disapproved and annulled.
Approved, July 1, 1836.