The Papers of Mirabeau Buonaparte Lamar, Volume II

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PAPERS OF MIRABEAU BUONAPARTE LAMA&

public officers, in all payments for taxes or other moneys due to the Republic. SECTION 10. Be it further enacted, That the Secretary of the Treasury is hereby authorized and directed to transfer to the Bank on account of capital, all sums which may be received in the course of the preceding years on the day of , and remaining in the Treasury on the day of , in each and every year. A majority of the members present at any regular meeting of the directors of the National Bank of Texas, may S'US- pend any director with a vie,v to his expulsion, and any member may be expell€d at a meeting of a board of directors specially convened by the President for that purpose, as soon after such suspension takes place as may be practicable; but such expulsion shall not be made by a majority of less than two-thirds of t:1\e whole number of directors. SECTION 11. Be it further enacted, That the Secretary of the Treas- ury shall be furnished as often as he may require, not exceeding once :a month, with statements of the amount of the capital stock of the Bank, and of the debts due to the same; of the moneys deposited therein; of the notes in circulation; and of the cash on hand; and shall, 'Under the injunction of secrecy, have the right to inspect all the books and accounts of the Bank: Provided, 'rhis act shall not be construed to imply a right of inspecting the accounts of any private individual or individuals with the Bank. And it shall be the duty of said Secretary of the 'Treasury to make an annual report to Congress on the s·ubject of the Bank; and if in his opinion the transactions of the Bank, or any particular circumstance relating thereto, shall require it, he shall apply to Oongress for a select committee, who shall, under a like injunction of secrecy, take into consideration any matters relating to said Bank, submitted to them by the Secretary of the Treasury, and report thereon at their discretion to Congress. SECTION 12. Be it further enacted, That if any person or persons shall be indebted to said corporation as maker or endorser of any note, bill, or bond, expressly made negotiable and payable at said Bank, and shall delay payment thereof, it shall be lawful for the President of the Bank, after having given thirty days' notice thereof, to move the Circuit Court of the countv where said Bank may be established, on producing to said court before whom the motion is made the cer- tificate of the President of the Bank that the debt is really and bona fide the property of said Bank, for judgment :-and all debts due by said Bank, by bond, bill, or note, or otherwise, to any in- dividual or body corporate, may be sued for and recovered in like manner: SECTION 13. Be it further enacted, That if any President, director, cashier or other official of the Bank, shall embezzle or fra:udently con~ vert to his own use, any sum of money, bank note, bill of exchange, check, bond, or other security, placed under his care or management, by virtue of his office or place aforesaid, the person so offending, his aiders, abetters, and counsellors,,,. upoh, conviction thereof, shall be judged guilty of felony, and be sentenced to imprisonment in the public jail of the county in which the -offense has been committed, for a term not less than. twelve months; and there remain until he or they

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