United States Statutes at Large/Volume 5/25th Congress/2nd Session/Chapter 91
[Expired.]
Chap. XCI.—An Act to continue the corporate existence of the Banks in the District of Columbia.[1]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,Charters of Farmers’ and Mechanics’ Bank, Bank of the Metropolis, &c. extended to 4th July, 1840, &c.
Proviso. That the charters of the Farmers’ and Mechanics’ Bank of Georgetown, the Bank of the Metropolis, Patriotic Bank of Washington, and Bank of Washington, in the city of Washington, and the Farmers’ Bank of Alexandria, and Bank of Potomac, in the town of Alexandria, be, and the same are hereby, extended to the fourth day of July, in the year eighteen hundred and forty: Provided, The said banks, each for itself, shall conform to the following conditions:
First. To cease receiving or paying out all paper currency of less denomination than five dollars, on or before the day of the promulgation of this act.
Second. To redeem all their notes of the denomination of five dollars in gold or silver, from and after the first day of August, in the present year.
Third. To resume specie payments in full, on or before the first day of January, in the year one thousand eight hundred and thirty-nine, or sooner, if the principal banks of Baltimore and Richmond should sooner resume specie payments in full.
Approved, May 31, 1838.
- ↑ An act to revive and extend the charters of certain banks in the District of Columbia, August 25, 1841, chap. 12.An act to extend the charters of the District Banks, June 17, 1844, chap.&nbps;98.