TEXAS STATE LIBRARY
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shall make good all damages which the Bank may have sustained by his of their misconduct, and be fined at the discretion of the jury trying the said offence, and shall forever thereafter be disqualified from holding any office of profit or trust in this Riepublic, and shall more- over be liable for the sum so embezzled. SECTION 14. Be it further enacted, That the Bank established by this Act shall be located in the city of Houston, or at any other point where the seat of Government may be located. The branches to be hereafter established at such points as Congress may select. SECTION 15. Be it further enacted, That the President and Di- rectors of said Rank may issue post-notes bearing an interest of per centum per annum, and not to run exceeding twelve months, and said notes shall be paid in specie when the time of payment shall arrive. SECTION 16. Be it further enacted, That the Treasurer is hereby re- quired to pay over to the said Bank the revenue and public dues, and the same shall remain subject in the said Bank to the checks of the . said Secretary of the Treasury, for the payment of all demands against the Government, provided for by law. SECTION 17. Be it further enacted, That the compensation to be allowed the Cashier and other officers and servants of the National Bank of Texas, shall be fixed by Congress: Provided, 'That no €xtra allowance shall be made by the Directors to the Cashier, clerk, or teller, unless the Cashier be required to live in or adjoining the bank- ing house, in which event rent may be allowed him by the board according to their discretion. SECTION 18. Be it further enacted, That the, President and Secre- tary of the Treasury are hereby authorised and required to issue certificates of stock to an amount not exceeding to bear interest at the rate of per cent. per annum, payable semi-annually at the National Bank of Texas, or at S'Uch other place as may be agreed on, redeemable at the expiration of or at any time thereafter the Republic may choose, and sell said stock for cash, provided the same 'Can be disposed of at par, and the sum so to be realized shall be added to the capital stock of the said Bank or th, Republic of Texas. SECTION 19. Be is further enacted, That the regular and punctual 'pa-yment of the interest semi-annually, and the ultimate redemption of said stock, all the revenue of th€ Republic is hereby pledged and 'in case of any deficiency the faith of the Republic is hereby solemnly pledged to provide such additional means as may be necessary. SECTION 20. Bt it further enacted, That it shall not be unlawful for the President and Directors of said Bank to purchase and discount any draft or bill of exchange for a larger amount than five thousa,nd dollars; and on every draft or bill of exchange purchased or dis- counted by the said Bank, there sha,11 be at le;1st two responsible en- dorsers, each of whom shall be considered good for the amount of such draft or bill: Provided always, That no individual shall at any time be indebted to the bank as endorser on any draft or bill of ex:. change for a larger amount·than five thousand dollars. SECTION 21. Be it further ~nacted, That if any person or persons
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