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iff. lands; neither (hall the said corporation
take mere than at the fate of fix per cent
per annum for or upon iis loans or difeoums,
occ. 6. And be it further cuaßed by
tLffmi/ihority nftrtfaid , That the bills
vligatdrv, mid of credit under the seal of
corporation, which (hall be mad* to
perfo%or pefons, (hall be afiignablc by
thereupon, under the hand
or hands of such pes fdn or persons, and of'
his, her or (heir afllgnce or aflignsres, and
so as Hbfalurclv to transfer /nd veil the
property thereof intte'ch and every rfliguce
orafiVgii'.es Utcceffivcly, and to enable such
afiigncC oc a (fiances to bring and maintain
r,n ctHrn thereupon in his, her or 'their
name, or names. And bills or notes which
uny be iiT'itvl by order of she fait! corpora
tion, signed by 'the prcfidtnt and ccuntcr
fignid by the principal caOiicr or trcal'urcr
ibelt'd, the payment of money
to any pc run or persons, his, her or their
order, or to bearer, though nor under the
ical of the find corporaticn, (ha!! be binding
and obligatory upon the fame, in the like
manner and with the like force and efforts
.-.5 upon any private per Con or persons, if
liTned by him, her or them, in his, her or
their piivare or natural capacity or capacities,
&(ha!J boafiigsabjfr&negociaole in like manner
as if they wore ft; issued by fnch private petfon
or peifont, that is to Tap; thofc which
ark or (hall be payable to any per Ton or
persons, his, her or their order, (hall he
ailignable by indent merit, in like manner,
su'd with the like effort as foreign or inland
bills of exchange now are, thole which arc
or (hall be payable to bearer, (hall be ne
gotiable and aifignable by delivery only.
Sec. Aua it If further et. oiled by
Ihe authority* afor,fold y T hat if the said
corporation, cr any person or persons for
or to the life of the fame, (hall deal or trade,
in buying or felling any grinds, wares,
merchandize or commodities whitfocver
contrary to the provisions of this art, all
and every pet (bn and persons by whom any
order or dirertionforfodcalinger trading (hall
have been given, and all and every person and
pet tons who (hall have been concerned as
parties or agents therein, (hall forfeit and
Ivdc trcolo the value of the* goods, wares,
Merchandize and commodities, in which
huh dealing end trade (lull have been;
or kali thereof to the use ,of the informer,
and tire other half to the use. of the state,
to Uc iec<KkJu.d with colls of hi it.
Sic. 8. And be ti further enaßed by the
nvthj'ity of o ref aid, That one thousand
ft ve* lUtiiditil (bares (liall be fubfenbed by
ihc (late, in the following manner, that
is tod') : that rt (liall and may be lew fid
for the comptroller-general cf the finances
of this date, cr in case of the abolition of
his office, ot of his death, rtfignation or
abfcucc from the (late, for the person or
persons who may be hereafter appointed by
the legjflattirc for the purpofc, and he or
they are hereby authorised and required
to caufc a fubfeription of one hundred and
fifty thousand dollar?, to be made to the
dock of the said corporation or bank, as
pDrtofitu capital, and that the said funa
of one hundred and fifty thonfand dollars,
lb to be fi.bfcribcd, be paid to the said
bank as follows *, that the funded debt of
the United Scales, the property of this
state, amounting to 23 985 dollars, 60
cents, b$ paid into the hands of the dirertors
as (bon as the firflelertidn of »he fame (hall take
place, and the remaining sum under and by
dirrrtion of the comptroller, or pcrlbn or
persons herein before mentioned, as the
r-fife may be, in a certificate or certificates,
as may be found raoft convenient, bearing
an intend of fix per cent, per annum, ta
commence as soon as the said bank (hall be
in operation, which funded flock of the
United States, the property of this flare,
and hereby direrted to be paid into the said
bfink, and certificate or certificates, the
president and dirertors of the said corpora,
lion, (hall, if they think proper, fell and
dlfpofenf, in part or in whole, for the use
of the said corporation, whenever they fee
fit so to do, and the faith of the state is
hereby pledged, together with their propor
tion cf the dividends a riling from the bank,
for the redemption of the intcrefl and prin
cipal of the certificate cr certificates so to
beifiuod; which certificate or certificates
the state may at any time take up by pay
ing the amount thereof into the bank:
Provided mverthelefs , and he it further
enctledy That when the annual proceeds
arising from the said bank to the (late (hall
rot be fuflkient to difeharge the interefl
that may be yearly due from the flare to
the bank, that no money (hall be drawn
from the treasury of this Sate for the dis.
charge of the fame.
Sec. 9, And .be it further awSed by ti e
authority aforefaid, i hat in case of death,
inability or refignatien, or abftnce from the
state of the cctrptrollcr-gareral, the govern
or and commander in chief for the time be
ing, (hall be and he is hereby authorized and
required to appoint ai d commission feme fit
and proper person or pc rior.s to perform the du
ticsen joined on ot in tufted to the comptroller,
general under and in purfuancc of this art,
cxce.pt as to the duties preferihed and pro
vided for in the preceding clause.
See, 10. Arid be It further enaßed hy tie
authority aforefaidy That the legiflatur
(hail, annually, as their dirertors, appoint
by the joint ballot of both houfcs, four per-
State*, and
, rot direXors of an/ other bank, and who
(hall continue in office until the next mee
ting of the legislature, ar.d until two months
after a new appointment by the Ipgiflaturc
of direXors as afoiefaid, folong as the con
nexion of^the the said corporation
lhall continue toextft.
Sec. 11 . And he itfurther eita&ed by the ■
authority aforefaii, That the comptroller
gcncral of'the finances of this date (hall be '
furniftitd annually with ffigned
by lliecafhier and countcrfigned by the f re
fder.t) of the amount of the capital Rock of
the said corporation, and the amount'of the
debts due to the fame, cf the monies depeftt
cd therein, of the notes in circulation and
of .the ca(h in hard ; and that the fa id comp
troller-general, or person or persons who
may be appointed as hereinafter direXed,
shall have a right to infpeft such general ac
count in the books of the bank, as (hall re
late to the said statements. Provided, that
this flnM not be cohftrucd to imply a right
of infpcXmg the account of any private in
dividual or individuals, or any body poli
tic or corporate with the bank : And pro.
•t ided alfs , such communications be regard
ed as entirely confidential, and that the
comptroller-gcreral for the time being, or
the person or persons who may be appointed
as hereinafter direXed, in the cases cf his
death, inability, ralignation cr ahfence
from the (late, he not a flock-holder in any
orliei banking company in this (late. And
provided always, that nothing in this aX
contained (hall be construed to imply a re
ftriXipn on the part of the comptroller gsn,
perfon or persons authorised to rc
caßß and infpaX such statements, from re
jiortirtg to the legiftaturc from time ro time
aty violation of the fundamental rules of
f.iid corporation, but on the contrary, that
it lhall and it is hereby declared to be bis or
their duty, faithfully to report all and ere.
ry violation of said rules, or of this aX, on
the part of the said direXors or stock-hold
ers in said corporation, and also the amount
of all debts due t© said corporation under
ptoteft. j
Sec. 12. And be it further enacted, That |
the bills or notes of the said corporation, «
originally made payable, or which (hall
become pay able on demand, in gold or (51-
Ter coin, lhall be receivable at the treasury
of this state, at Louisville, or the feat of
government of the fame, and by ail tax col-
IcXors and other publse officers, in all pay
ments for taxes «r other monies due to the
date.
Sec. T 3. Avd be it further e tin tied by the
authority ajore/aid, That in case of failure
cf the bank, each stock-holder, ccpartner
fliipor body politic, having a (hare orlhar*«
therein at the time of such failure, or who
may have been interfiled therein at any
time within twelve months previous to such
failure or bankruptcy, (hall be liable and
held bound for any sum not exceeding twice
the amount of.his, her or their snare or fub
feription ; and that no loan lhall be made
by the said corporation to or for the ufc of
any foreign prince, state or government,
unlcfs previoufiy authorifad by a law of this
(late.
See. 14. And be it further epafledy That
all monies or profits, which <*n any difiolution
of the said corporation may at the time he
owned or pcffcfl’ed by them, (hall be h«ld
by the dircXors cf the said corporation, to
and for the use and benefit cf all persons hold
ing (hares in the said corporation, in aver
age and proportion to the amount or number
o( said (hares. Provided always mvethclefs
that at the expiration of every year from
and after the commencement of the operation
of this aX, the legliature (hall be free to de
clare, and may withdraw, by felling out
the whole cf their ffiock, or any portion
thereof, then imdifpofed of, from all fur
ther connexion with (iaid bank, and may
the dividend as aforefaid, to which
the state may be entitled. And provided
also, that on the (late so withdrawing from
said bank, the legislature (hall not be enti
tled to appoint the four direXors of said
bank, as herein before direXed,
See. 15. And he it further enaSed, That
at the expiration of the fix months herein
limited as the time of fubferibing, the cem
miflioners at Augusta (hall transmit their
bocks of fubferiptio© to thecommiffioners at
Savannah, orany ©ne of them, which com.
missioners appointed at Savannahjihall compare
all the books of (übferiptiens, and (hall
declare and fix the nu inker of (hares to
which each fubferiber is entitled, and re
quire the fubferibers to pay such a percent,
on the ameunt of their (hares as a fitft in
flalment as will amount to or exceed the sum.
of two hundred theufand dollars, ard the
balance of ftich subscription &all bear inte
rest and be paid in such manner and* by such
inflalmcrts as the ciirtXotscf the link (ball
dirtX and pteferibe ; and in default •( such
payment the inflalmcnt ©r inftalirents so
paid as afoiefaid (hall be forfeited for the
benefit of the bank-
See. 16. And be it further cradled. That
the direXors afoiefaid (hail, within twelve
months after the bank (hall be organised
and (kali have commenced its operation, in
the city of Savannah, eftablifti a Branch
Bank, for ibe purpose of difccunt and de.
posit only, in the city of Augusta; the cap
ital whereof (hall not be lefts than «ne fifth
port of the amount of capital stock 4: ary
time in the said state bark. And the &id
branch bank (hall be eftablifned upon the,
Vamc tetms, in the fame manner, and under
the feme reguiatiens, rules and limitations
as arc herein pointed out for the eftablifli
ment of the bank in Savannah ; and such
rules and regulations as may obtain and be
prad'rifcd in tha said (late bank j and the
said directors ? fliall have power to commit
the management of the said branch bank to
such perfens under such agreements
and fubjeft to such regulations as they shall
think proper, not being contrary to law or
the constitution of the bank.
LONDON,' June 12.
Yesterday being the day fixed for the
morion for an impeachment against Lord
Melville, a great croud assembled, at an
early hour in the avenues of the Houfc of
Commons. At 12 the doors were opened,
and a fevers prt ffure ensued. The gallery,
of course, was filled in a few minutes.
Shorteiy after j, the Speaker read a letter
from Lord Viscount Melville, requelling
.to he admired into the body of the House,
. to be heard in his defence. The Hon.
Robert Dtindas Sanders, his Lordship’s fan,
then moved, that his Lordship be called
in j which being agreed to, the Speaker
desired the Serjeant at Arms to take the
Mace, and coudaft Lord Viscount Melville
into the House. His Lordship being in
troduced, and a fsat afligned him, rose and
spoke for two hours and a quarter. His
manner was firm and imprtfnve; and he
did nor, even in tha part of it where he
appealed to the feelings, appear the lenft
(haken. The moment, he had concluded,
he took up his papers deliberately, one by
one, and having put his hat undcf his arm,
made a bow to the Speaker and withdrew;
attended by the Serjeant, who, during the
whole of the speech remained standing on -
the right hand fide of his Lordship, but at
the diftancc of a few yards, with the Mace
reding upon the ground, and his hand upon
it. The house was uncommonly crouded.
Not fewer than 500 Members were present.
| Lord Viscount fpeech will
j be read with interest. Upon the fubjeft of
> the 60,0001. and other Aims of the public
money received by him, not applied to
naval purposes his Lordship observes that.
“ In all the tranfadiens which occured in
so great a length of time, gentlemen will
fee that many things tnuft hav# unavoida
bly occurred for requiring the; application
of public money in a private and confidential
manner, to the amount of about 6®,0001.
which I now declare that I never <will,
and never can , dfclofe, vuith»nt a breach
both of public duly and private honor
T he Nile luggbc reconnoitred the Charen
te, on the 27th ult. and found in Roche
fort, one (hip of three decks, five two dec
kers, three frigates, two brigs, and feve
rol gun-boats.
In Ferrsl the enemy has twelve (hips oftht
line, besides frigates, which are watched by
Sir Robert Calder, with fix ships of the
line only.
Our (bias at Brest are in daily expefta
tioa of their coming out, as they have 27,
000 troops embarked, and the (hips es the
line appeared full of men.
June 15-
Yesterday morning, about eleven o’clock,
as Admiral Milbank was leaning over the
banisters of his staircase, he unfortunately
fell down into the vestibule.—A surgeon
was instantly sent for, but bcfor« he arri
ved the Admiral had expired. He was in
the 84th year of his age.
We have received Dutch papers to the
9th and Paris Journals to the sth.
The Moniteur contains the following ar
ticle ;
(< Since the English call the late operati
ons of our squadron in the Weft.lndies plun
der, it is but just they (hould know that
this plunder will not be over fofoon as they
think. We flatter ourfeJves even that ere a
week has passed over our heads, intelligence
from every part of the world will announce
to the English commerce other •vents of the 1
like natme. We (hall then print, peihaps,
a little work compofcd under the eye of Mr.
Pitr, and publilhcd by his orders, a (hort
time before the firft h»ftilities, in order to
eftablifti the propriety, the advantages, and
ncctflity of a perpetuity of the war against
France. This perpetual war then appeared
fuitab’e, advantageous, and necessary to
BritKh rapacity, ard to that pride which
was even then, njifplaced, and ro.w no
thing kfs than ridiculous. The prowl, the
powerful, the circumfpcO. English, hear the
departure of the French fleet (pc ken o< when
it has taken Dominica t of (the departure of
the Toulon fquadren w hen it has passed the
Straits ; they will hear no more of it for feme
months.
" Lastly, they have not heard of the Re
cord Rochefort squadron, failed a long time
since, and which the Er ghfh frigates came
to watch and observe rot m*rc than eight
j days £go. We shall lay nothing ccrcein-
S H»gfcveial large frigates which have been
fentcutof our ports, to which the Englifti
may attach little importance, lut w hich will
i jke tf.ctß a blow on ihofe ccafis they
thirk hardly known to cur fearr.cn. They
have been dreaming that there is no longer
ary weed in our ferefts ard arferals, that
• ths.e csifls ro lerger a maritime population
u:: onr cotft j let them learn, hcwtvtr, that
there are no Icfs than 30 men of war or, or
(locks, all of which will be ready fc: f e3 - a
eighteen months.
“ Were all the (quadruns which (he em
peror has fcnt forth to peritti, after having
laid waftc the EnglKh commerce, great flceir.
are preparing, and numerous young men
ready to man them ; it would be caller for
the king of England to be crowned kino of
Fiance, in Paris it fell, than to difinhe.rit
the great nation from ther commerce cf the
world. It is that we entertain the haugi,
ty idea of preventing England from being a
great a powerful nation, but we wi(h to
(hare with her tha commerce of India and
America ; and wc will not fuffer ?he Err,
lifh to have any pofTcffion in the Mediter
ranean, Gibraltar excepted,
A new idigicus feft has fprurg «p in
weftern part;; of India and extend their doc.
trines by fire and fvvord. Their leader
Shah Azza, is cruel, crafty, and' enr&rDrk
ling, and his successes have obtained him nu
merous followers «n the frontiers cf Gazzt
rat and on the borders of :b,e defeir.
By a recent return to the court of Der
mark, it appears that petfons have
been inoculated for the cow-pock since the
intiodu&ion of this praQice, without a
gle infiance of mortality occurring from it.
Jerome Bonaparte still rcfidcs at Genoa •
his unnatural brother, v, ho hasfo cruelly ji
bilged him to feptrate himieif from his a&u
able and interetthg fponfe, v.ut having yet
permitted him to approach his royal ptrfoe,
y uTit 1 a.
By a paflengcr arrived at Portsmouth in
an American (hip from the Cape of Gocd
Hope, in eleven weeks, information is re
ceived, that all the Dutch troops were
encamped without the town, and barracks
ware fitting' up for a large French force,
which was soon expected there.
i he million of JVI, Novozilzow occupies
much of the attention of the Paris Jour
nalists, and an article from Hamburg, in
one of them fays, ttrac a Coiigrefs for a
general peace is to be held at Brcffcls : that
Novozilzow and the praffun remitter art
to mediate for Great Britain, and that the
port cf Oftend is to he opened to carry cn
the diplomatic correCpondence with Eng
land.
June 17.
A letter from Vienna repeats the fiafe
ment that Bonaparte had fignified his wifir
to occupy Dalmatia and the Venetian terri
tory during the war. It is added, that he
had offered to give the ifiand of Saidinia to
the king of Naples in exchange for his coa
tineatal dominions.
June 2i. .
A private letter from Hamburg’’, bro't
by the lafl; mail, containes the following
information relative to the further prepara
tions of the enemy in the Mediterranean :
— ,r According ro advices uom Lyons of
the 30th ult, a second naval armament is
fitting out at Toulon, which is to consist
•f fix fail of the line, exclufivc cf frigates
and other armed veficls. The utmolt ac
tivity prevailed at Toulon attf all the other
French harbors to put the French navy on
a most formidable footing. The letters
boast, that in less than four years, the
naval force will consist of 150 fail «f the
line. A body of troops is colleftedj near
Toulon, in order to embark on a secret
expedition ; and near Rochefort, a camp
is formed for the fame purpose.”
Report now states, that the French ex
peditien has for its objeft, firft to seize the
Brazils ; secondly, to occupy the Cape es
Good Hope, ceded by France ro the Dutch,
thirdly, to take by furprift the diked of
St. Helena, which is well known not to
be fortified with a ccmpetenefs adequate to
its importance. Matters of the Brazils,
the Cape of Good Hope, and St. Helens,
as well as of the Isle of France, they w#uld
pofiefs the keps to all our Eafi-India pos
sessions, and the halfway hoofs to ufc
the expression, «f our Indian commerce. 1
There was a report yetterday that go
vernment had received intelligence cf apother
Spanish squadron of fix fail of the line having
elcaped from Cadiz previous to the blockade
being renewed.
June 22.
On Wedncfday the fo)owing mefTage was
delivered to the Commons, and a fiinihtf
ccmmunicaricfi was made to the Lords, I
George Rex. I
His majesty thinks proper to acquaint I
thoHonfe of Commons, that the coimßUuica- 1
tions which have taken place and are 4$ I
dapending between his Majesty and fonts i
of the powers of the continent, have rot I
yet been brought to such a gpint as to enable I
. liis Majesty to lay the refulr cf them before I
the Hov.fe, or to enter into any further «*• I
planaticn with the French government, cofr I
fifiently with the fontiments exprefied B
his majesty at the opening of the
ftflion. But his majesty conceive*, that hi
may be of effentifti importance, that h®
ftould have it in his power to avail fclmfd®
of ary favorable conjuntfurc for giving cf»H
fe& to such a concert with other
as mny sfford the brft means fcr rcffkjlß
thcinordir* f earflbmcn of France, ard tray*:
be rreft iiktly to lead to a termination of th®
prefont ccnteft, cn grounds confident
the permanent ar.d inferefts cfbsß
Majefty'* dominions, ?rd the ficcurity
independence cf Europe. Kis
thcidcreitcarmer.ds it to ihc Bcufe -■