BY THE PRESIDENT OF THE UNITED STATES. A PROCLAMATION. May 1, 1816 Whereas by the act entitled "An act granting bounties in land and extra pay to certain Canadian volunteers," passed the 5th March, 1816, it was enacted that the locations of the land warrants of the said volunteers should " be subject to such regulations as to priority of choice and manner of location as the President of the United States shall direct:" Given under my hand the 1st day of May, 1816. By the President: JAMES MADISON, fourteenth. The directors of the said corporation shall establish a competent office of discount and deposit in the District of Columbia, whenever any law of the United States shall require such an establishment; also one such office of discount and deposit in any state in which two thousand shares shall have been subscribed or may be held, whenever, upon application of the legislature of such state, Congress may, by law, require the same: . . . And it shall be lawful for the directors of the said corporation to establish offices of discount and deposit, wheresoever they shall think fit, within the United States or the territories thereof, and to commit the management of the said offices, and the business thereof, respectively to such persons, and under such regulations as they shall deem proper, not being contrary to law or the constitution of the bank. Or instead of establishing such offices, it shall be lawful for the directors of the said corporation, from time to time, to employ any other bank or banks, to be first approved by the Secretary of the Treasury, at any place or places that they may deem safe and proper, to manage and transact the business proposed as aforesaid, other than for the purposes of discount, to be managed and transacted by such offices, under such agreements, and subject to such regulations, as they shall deem just and proper.. . . |
|
||
© 2008 ÊMultiEducator, Inc.Ê All rights reserved |