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T.
^nnsylvaKira

An Act to
the State Tax on real
repeel
and personal property, and jfo
continue and extend the improvements of the State byRailroads and Canals and to
charter a State Bank to be
called the United States
Bank,

7

f/

^mi

4lr^'

Sin ^t%

TO REPEAL THE STATE TAX

ON REAL AND PERSONAL PROPERTY, AND TO CONTINUE AM©
KXTEND THE IMPROVEMENTS OF THE STATE

BY RAILROADS AND CANALS,

AKD TO CHARTER A STATE BANK TO B£ CALLED THB

UNITED STATES BANK,

IIARRISBURG
PRINTED By TUSO* VBNM
1836.

J^

-.

A7,

^V^'

PENNSYLVANIA LEGISLATURK.
HOUSE OF REPRKSKNTATIVKS,
IVcdnCidatj, February 9A, 185G.

A

motion was made by Mr. Heed, and rend as tollows:

of lliis
Wliereas, ihe enactme.nt of a law, relieving the industry
cotnmoiiwealtli from oppressive taxation, sustaining its system of
and common schools, and furnishing ii sound
public improvements
labour are made secure,
circulating inediam by which the wages of
is an important era in our legislative history:

And whereas, it is important that the people of this commonwealth should have an opportunity of knowing what their representatives have done for the promotion of their prosperity:
Therefore,
Resolved, That five thousand copies in English and two thousand in German of the law entitled "An act to repeal the state
tax on real and personal property, to continue and extend the imof the state by railroads and canals, and to charter a

provements
state bank to be called the United States Bank," be printed
pamphlet form for distribution.

On

in

motion,
K.

The

said preamble

and resolutions were read a second time,

considered and agreed

to.

iOOOOOOt

To

repeal the State tax on real and personal property, and to continue and extend the improvements of the state by railroads and
canals, and to charter a state bank to be called the "United
States Bank."

Section

Be it enacted by the Senate and House of IlepresenCommonwealth of Pennsylvania, in General Assembly
is
hereby enacted by the aidliority of the same, That all

1.

taiiues of the

met, and

it

and every provision of the act of Assembly, passed the twenty-fifth
day of March, in the year one thousand eight hundred and thirty-

"An

act assessing a tax on personal
one, respectively, entitled
property, to be collected with the county rates and levies, for the
use of the Commonwealth," and " An act to increase the

county

rates

and

levies for the use of the

tame are hereby repealed, except so
ot

taxes assessed before the

That the

first

Commonwealth," be and

the

far as relates to the collection

day

of

October

last:

Provided,

said repeal shall not
go into effect until all the terms
provisiona hereinafter set forth shall be fully coraplied with.

anJ

Srction

2.

The

present stocklioUlcrs of the bank of (he Unite*!

United States, and the Treasurer of the United
and such other persona as may become stockholders
agreeatho by-laws made for that purpose, to an amount not exceedthe whole the present capital of Uie said bank, their succes-

States, excepting

tlie

States,

bly to

ing in
sors and assigns, be and arc
hereby created a corporation and body
the name and style of 'Mho president, directors and
politic, by
company of the bank of the United States," and shall so continue
until the third

day of March, in the year one thousand eight hundred and sixty- six; and by that name shall be and are hereby made
capable in law, to have, purchase, and receive, possess, enjoy and
retain, to

them and

their successors, lands, rents, tenements, here-

ditaments, goods, chattels, and elTccts, of whatsoever kind, nature
and quality, and the same to sell, grant, demise, alien or dispose
of, to sue and be sued, to use a common seal, and the same to alter

and renew, and

to

make such by-laws and ordinances

as they shall

deem necessary,

not being contrary to this act, the constitution of
the United States, or to the constitution and laws of this Common-

wealth; and also to prescribe rules for the transfer of the stock of
said corporation, and generally to do all tlie acts which to them it
shall or may appertain to do, and to enjoy tlie same privileges and
authority given by law to any bank within this Commonwealtli,

subject to the rules and restrictions hereinafter prescribed.
Section 3. For the management of the alfairs of the said corporation, there shall be annually elected at the banking house, in
the city of Philadelphia, on the first Monday in January in each
year, by a plurality of votes, which shall be given by the qualified

stockholders of the said bank in person or by proxy, twenty directors, who shall be capable of serving for one year, and who shall,
at tho first meeting after their election in each year, proceed to
elect one of their directors to be the president of the corporation,
who shall hold the said office during the same period for which

directors are elected; but if an election of directors or of the pre-

sident should not be made on that day, the said corporation shall
not for that cause bo dissolved, but it shall be lawful at any other
time to hold such elections; and until such elections be made, the
directors and president for the time being shall continue in office;

and incase of the death or resignation of the president, the directors shall elect another president from their own number; and in
case of the death or resignation of a director, the vacancy
supplied by the remaining directors.

Section

4.

The

may

be

of
following shall be the fundamental articles

the said corporation, to wit:

Artick

1.

None

but a stockholder who

is

a

citizen

of the

Uoitcd States

shall

be a director or vote at an election for direc-

or by proxy; and all proxies shall be
dated within sixty days before tlie day of eacli election. The
number of votes to which eacli stockholder shall be entitled in voteither in person

tors,

for one share and not
ing for directors shall be as follows:

more

than two shares, one vote; for every two shares above two, and not
exceeding ten shares, one vote; for every four shares above ten,
and not exceeding thirty, one vote; for every six shares above

and not exceeding sixty, one vote; for every eight shares
above sixty, and not exceeding one hundred, one vote; but ne person, copartnership, or body politic, shall be entitled to a greater

thirty,

number than

and alter the

thirty votes;

first

election,

no share or

shares shall confer a right of voting, unless the same shall ha\e
been held three calender months before the day of election.
^irlicle 2.

Not more than

three fourths of the directors

who

time of an annual election, shall be electe<l
for the succeeding year, and no director shall hold his office for
more than three vears out of four in succession, but the director

fthall

be in

office at the

who

tihall be the president may always be re-elected; and previous
each election of directors, the board of directors shall appoint
three stockholders, not directors, to be judges of the election, wlio

to

shall

conduct and regulate the same, after having severally taken

affirmation, before some justice of the
or alderman, well and faithfully and lawfully to conduct the
peace
election, and who, after the conclusion of the ballot, shall decide

and subscribed an oath or

and openly declaie who are chosen directors for the ensuing year.
No director of any other bank shall be at the same time, a director <»r this bank; nor shall th':i Governor, or any executive or judicial odicer of this commonwealth, or member of congress, or of the
btate legislature, be a director.

Not

Arliclc III.

board

less

than seven directors shall

for the transaction of business, of

whom

constitute a

the president shall

always be one, except in the case of sickness or necessary absence,
in which case his place may be
supplied by any other director

whom he by writing under his hand, shall depute tor tliat purpose;
and in case the president sliall not so depute, tlie board of directors

may

elect a director to act during the absence of the president.
general meeting of the stockholders for purposes

Article IV.

A

relative to the institution,

may at any lime

be called, either by the

board of directors, or by sixty or more stockholders owning one
thousand or more shares of the capital stock, on giving at least six

weeks notice

in

two public newspapers, publislied

Philadelphia, and specifying
biich meeting.

And

in

the city of

such notice the object or objects of
their shall be a general meeting of the stockin

holders at the banking house, in the
city of Philadelphia, on the
first Monday of
in
January
every year, at which time the directors shall lay before them a general and
particular statement of the
affairs

of the company.

Article V.

The

lands,

tenements, and hereditaments which it
corporation to hold, shall be only such

shall be lawful for the said

ae shall be requisite for
its

ing
to

it

its immediate accommodation in transactand such as shall have been bona fide mortgaged
business,

by way of security, or conveyed

to

it

in satisfaction of debts

previously contracted in the course of its dealings, or purchased at
sales upon judgments which shall have been obtained for such
'I'hc
debts, or purchased for the purpose of securing such debts.
*aid corporation shall not directly or indirectly, deal or trade in
.

any thing except

bills

of exchange, gold and

silver bullion, or

m

the sale of goods really and truly pledged for money lent and not
redeemed in due time ; or goods which shall be the proceeds of

—

its

it make
any loan to any foreign prince or
authorized by law. The said corporation
previously
not be at liberty to purchase any stock whatever, except their
stock, treasury notes, or public stocks created by the govern-

lands.

Neither shall

htate unless
sluill

own

ment of the United

States,

or of this state, or stock of,

or loans

any of the incorporated companies of this state, for the construction and improvement of roads, bridges, canal or inland nav-

to

which may be
igation, or other stocks
for debts to the bank, and not duly
ty
.Irlick VI.

The

bona

fide pledged as securiredeemed.

rate of discount at

which loans may be made

bv said bank within this commonwealth, shall not exceed one half
And the notes and bills \rliich
of one per centum for thirty days.
be issued by order of said corporation, or under its authority,
shall
upon it, and those made payable to order shall be
bv endorsement, but none shall be issued of a denomination less than ten dollars ; and if the bank shall neglect or reshall be binding

assio'uable

fuse to pay its notes, or bills or moneys depofeit(;d when due, on demand made at the bank during banking hours, the person or persons entitled to the same shall receive interest thereon at the rate

And the notes
of twelve per cent, a year until payment be made.
of the corporation in circulation shall never exceed the capital actually paid in. The total amount of debts which the said corporation
bond, note or other contract, exmav at any time owe, whether
by

due to depositors, shall not at any
cepting the amount of money
time exceed double the amount of capital stock actually paid in,
and in case of excess, the directors under whose administration it

,

shall happen, shall be liable in their individual capacities, and an
action of debt may in such case be brought against them, or any of

them, or any of their heirs, executors or administrator?, in an?

competent jurisdiction, hj any creditor or creditors
of such corporation, and may be prosecuted to judgment and execution, any condition, covenant or agreement to the contrary not-

•court havinjT

withstanding

:

Init this siiall

nat be construed to

exempt

the said

corporation, or the land3, tenements, goods and cliattels of the
same, from being also liable for, and chargeable with the said ex-

Such

cess.

ot the said

directors as

may have been

absent

when

was contracted or created, shall not be considered
as consenting thereto, or liable therefor, and those who may have
dissented from the resolution cract ivhereby the same was so conthe said excess

who shall enter their dissent upon the minmay exonerate themselves froni being so liable,

tracted or created, and

utes of the board,

by forthwith giving notice of the

fact to

neral meeting, whicli

have power to

pose,
Article VJT.

any of

they shall

the stockholders at a gecall for that pur-

f

If the sa'd

bank should

at

any time refuse

to

pay

notes, bills, obligations, or deposited moneys, in gold or
silver, tlien, at or after the cxpirali'n of three months from the
its

lime of the

first refusal

of said bank to pay as aforesaid,

shall

it

and

may be lawful for the holder or proprietor of the same, to make application in writing to any judge of any court in the proper county,
to allow him or her to make proof of said refusal on oath or affirmation, by one or more disinterested witness or witnesses, before
said judge, whose duty it shall be to
give at least itn days notice
to the president or cashier of said bank, of the time and
place of

making such

proof, in order that an opportunity

for rebutting the

same by testimony; and

tiated, it shall be the

writing,

and

if

may be

afforded

the facts be substan-

duty of the saiil judge to reduce the same to
same to the Governor. And it shall

to transmit the

be

t!ie
duty of the Governor, immediately on the receipt of the
written proof above specified, to issue his proclamation, declaring
the charter of the bank to be forfeited.
And froui and after the

day of the date of the said proclamation, the charter of the
bank shall be absolutely null and void, and of no eRcct what-

tent!>
saicl

—except

soever

that the said

bank

shall

be liable in

its

corporate

capacity, for the fulfilment of all contracts previously made and
entered into by it; and the stockholders thereof shall have poAverto
elect directors as usual,

and be

ment of any contract entered
date

cif

capai)ie of rompeilinj; the fulfil-

into with said bank, previously to the

the said forfeiture.

Dividends of so much nf tho profits a<4 the direrdeem advisable, sha'l be declarrd twice a year, on the first
may
Mondays of January and July in each year, and paid to the stocH'
Article VIII.

tors

2

fiold'ers

on dtMoandat anytime after the expiration of ten da/rliut such dividends sliall in no case exceed the amount

therefrom,

of tho nett profits, actually acquired by the bank, so that the
If
capital stock of the said bank shall never thereby be impaired.

bank

the directors of the

pair the capital stock of

shall

make any dividend which

sai<l

th-c

shall

im-

directors consenting there-

bank,
Habie in their individual capacities to such corporation
tor the amount of the stock so divided; and each director present,

to shall be

when such dividend

shall be

made,

sliall

be adjudged to be con-

senting thereto, unless he forthwith enter Iris protest on the minutes of the board, and give public notice to the stockholders, of the
declaring of such dividend.
.Irtide IX.

The

salary of the president shnll be established

and

allowed by the stockholders at a general meeting, and no compensation shall be allowed to any person for his services as a director.

The board

of directors shall appoint a cashier, and such other offiand persons as shall be necessary for transacting the
business of the bank, and shall take from each such security as the
cers, clerks,

by-laws shall prescribe,
tion for his services.
Article X.

The

said

and

shall

bank

make

shall

to

make

each a just compensato the

Auditor General

condition, shewing the details of its operations, according to the form of the returns the Bank of the United
States now makes to^ the Secretary of the Treasury of the United

monthly returns of

its

States, or according to sncii form as may be established by law.
Section 5. It shall at all times be lawful for a committee ofthe
I^egislature appointed for that purpose, to inspect the books
examine into the proceedings of the corporation hereby created,

and
and

to reportvvhether the provisions of this charier have been by the same
abused or violated, or not; and if the ofncers of said corporation

should refuse to be sworn or affinaed, or give evidence, or to proail such of their books or papers as may be demanded before

duce

any such committee, tlieii the legislature may by law declare the
said charter void, and repeal the same: and wlienever any committee as aforesaid shall

find

and

report, or the

Governor

reason to believe, that the charter has been \iolated,
ful for the legislature to direct,

it

shall

may

have

be law-

or the Governor to order, a scire

facias to be issued out of the Supreme Court of Pennsylvania, in
the name of the Commonwealth of Pennsylvania, (which shall be

executed on the president of the corporation

for the time
being,
before the commencement of the terra of said
days
on said corporation lo shew cause wherefore the
court.) calling
charter hereby granted shall not be declared forfeited; and it shall
at

least ten

i>e

lawtttl for said court

upon the retura of

said scire facias, to ei--

9"
of tlie alleged violation, and if sudi violation'
appear, then to pronounce or adjudge that such charter
forfeited and annulled': Provided, however, every issue of fact

.•miiiie

be
is

into

made

tlie trutli

to

which nmy be joined between the commonwealth or the corporation^
SHch issue shall bo tried by juryj and on the trial thereof, the coramonwealth shall have the right to change the venus from the counAnd it sliall be la'Aof Philadelphia to any adjoining county.
ty

court aforesaid to require the production of such of the
books or papers of the corporation, as it may deem necessary for
the ascertainment of the controverted facts, a-nd the final judgment
of said court shall be subject to all the usages of law In other cases.
rul for the

SECTio>f 6. In consideration of the privileges granted by this aot,
lieu of aU taxes on dividends, the said corporation shall

and in

pay into the- treasury af the commonwealth the sum of two millions
of dollars, at such time and in such instalments as the Governor
require: Provided, That at least thirty days notice shall be
given by the Governor of the time when each instalment will be

may

sums the Grovernor shall
required: And provided also, That for all
not so require ta be paid within three months after the acceptance
of this charter by the stockholders, interest at the rate of live per
cent, a year shall be paid by the corporation, commencing at the
and terminating thirty daysbeexpiration of the said three months,
J^ore

payment of each sum,- and the said corwhenever ro<:[uired by law, advance on perma-

the time fixed for the
shall' also,

poration
nent loan any sum or sums, not exceeding in the whole six millions of dollars, and for each sum of money so loaned shall receive

from the commonwealth a negotiable certificate of stock, reimbursable on the third day cf March, one thousand eight hundred
and sixty-eight, transferable at the Bank of Pennsylvania, or such
other place as the kgislature may hereafter designate^ bearing an
interest of tithe r four or five percent, per annum, payable half
yearly, at the Bank of Pennsylvania, or &uch other place as the legislature may hereafter designate, as the law requiring such lean

determine; and in case the interest shall be five per cent, shall
pay to the commonwealth one hundred and ten dollars in money
for each hundred dollars of stock, or if the interest be four per

may

pay one hundred dollars in money for each hundred doland the said corporation shall be bound, whenever
required by law, to advance to the commonwealth,, as a temporary
loan, any sum of money not exceeding one million ot dollars in any

cent, shall

lars of stock;

one year,atan interest of four per cent, a year, reimbursable at the
pleasure of the commonwealth, within twelve months from the date^
of the loan;

and the said corporation shall further pay to the treacommonwealth, the sum of five hundr«ti«

surer for the use of the

10
of March, Anno Domini one thoutl.iy
hundred and thirty-seven, and shall pay the further sum
of one hundred thousand dollars on the first Monday of June next,
and the like sums of one hundred tliousand dollars on each sucthnnsantl dollars on the third

sand

eij^ht

first

ceeding

of June, for nineteen years thereafter, to be

Monday

fidded to and paid over witii the annual appropriation provided by
the commonwealth for common school purposes, and be distributed

according to the several laws of tlvis commonwealth regulating the
distribution of such appropriations; and the said corporation shall
further be bound to subscribe the following sums to tlie capital
stock of the following named companies, if requested so to do by
the directors of the said companies, or either of them, within one

year from the passage of this act, namely: To the capital stock of
the Baltimore and Ohio rail road company, the sum of two hundred thousand dollars; To that of the Williamsport and Elmira
railroad

company, the sum of two hundred thousand dollars; To

Monongahela Navigation company, fifty thousand dollars, if the
same be incorporated at the opening of the books of subscription
for the capital stock thereof, and the further sum of fifty thousand
tl\e

dollais as soon as one hundred thousand dollars subscribed by other
persons or bodies corporate shall have been bona tide expended in

To the Cumberland Valley railroad company, one hundred thousand dollars; To the Warren and
Pine Grove railroad company, twenty thousand dollars; To the
the construction of the said work;

Warren and Franklin

turnpike road company, fifteen thousand dol-

companies be incorporated this session of the legisthe Warren and Ridgeway turnpike road company, five

lars, if the said

lature;

To

thousand dollars; to the Johnstown and Ligonier turnpike road
company, ten thousand dollars, to the Snow Shoe and Packerville
turnpike company, twenty thousand dollars; to the Roseburg and
Mercer turnpike company, five thousand dollars. All of which
subscriptions shall place the said bank on the same footing as to
the rights and liabilities with the original subscribers to said companies respectively; Provided, That such subscription shall not be

made

to the stock of

until a

the Baltimore

and Ohio railroad company

law of Maryland shall be passed, and assented to by said

company, enabling the commonwealth of Pennsylvania, and any
company or companies duly authorized by the said commonwealth,
to intersect by railroad and unite with the Baltimore and Ohio railroad, at any point in the state of Maryland; and that the whole
so to be subscribed by the said bank, shall be appropriated
to
exclusively to the construction of the railroad from Cumberland
and that no payment shall be called for by the directors
Pittsburg;

amount

of the Baltimore and Ohio railroad company on account of said

n
subscription, until at least twenty miles of the railroad within tlie
state of Pennsylvania, shall have been bona fide placed under con-

and the construction thereof actually begun.
Section 7. Six hundred thousand dollars of the amount

tract,

to

be

paid into the treasury as al'oresaid, sliall be appropriated in lirni of
t'le
receipts from the state taxes hereby repealed, to pay the interest on the public debt,

and other just demands upon the common-

wealth.

SECTIO^f

8.

For the purpose of enabling the several turnpike

companies hereinafter mentioned to improve the condition of gai<l
roads, the following sums are specifically appropriated to be paid
to the said companies respectively, for the aforesaid mentioned purposes, which said sums shall be distributed in tlie following manner: To the Chambersburg and Bedford turnpike road company,

the

sum

of twenty thousand dollars; to the Somerset and Bedford

turnpike road company, twenty thousand dollars; to the Somerset
and Mount Pleasant turnpike road company, twenty thousand dollars; to the

Robbstown and Mount Pleasant turnpike road compahe Washington and Williamsport

ny, eight thousand dollars; to

turnpike road company, eight thousand dollars; to the Mount Pleasant and Pittsburg turnpike road company, five thousand iloUars;
to the Washington and Pittsburg turnpike road company, fifteen

thousand dollars; to the Bedford and Stoystown turnpike road company, ten thousand dollars; to the Stoystown and Greensburg turnpike road company, twelve thousand dollars; to the Greensburg
and Pittsburg turnpike road company, twelve thousand dollars; to
the state road from the White Horse tavern on the top of the Alle-

gheny mountain

to the Virginia state

line in

Greene county, nine

thousand dollars, one third to be expended by the commissioners
of Somerset county, one third by the commis^ioner^ of Payetlo
county, and one third by the commissioners of Greene countv.
Section 9. It shall be tlie duty of the Canal Commissioners to

put under contract not
miles, of the

less than twenty miles, nor more than forty
North Branch division of the Pennsylvania canal, du-

ring the ensuing year, commencing at or near the N.nv York state
line, towards which the sum of one hundred and fifty thousand dol-

And the said Canal Comspecificall}* appropriated.
are hereby further directed to put under contract not
less than
thirty-six, nor more than sixty miles of the Pennsylvania

lars is

hereby

Biissioners

canal, extending the same by canal or slack water towards the harbour of Erie, from such point or points as will best advance the
interests of the state,
having due regard to distance, lockage, cost

and commercial
tance

id

interests

:

Provideu, That no part of said dis-

on the Ohio or Allegheny

rivers,

towards the completioa

12
sum of two hundred thousand dollars is hereby speappropriated. And the said Canal Commissioners are
hereby further authori-/,ed and required, without delay, to survey
and locate the most advantageous line for u railroad from the boof which the
cifically

rough of Gettysburg, to cross the route jf the Baltimore and Ohio
railroad, and connect witli the Chesapeake and Ohio canal, at some
point in the state of Maryland, at or west of Willianisport; and to
put under contract not less than twenty nor more than thirty miles
thereof, towards

which the sum of two hundred thousand dollars

is

hereby specifically appropriated: rrovidej, That no such contract
shall be entered into, unless the Baltimore and Ohio railroad comshall

pany

have consented to a satisfactory connection of their road

with that hereby authorized; and the said Canal Commissioners are
hereby required to cause to be surveyed by a competent engineer,
the route of a canal and slack water navigation from the head of the
West Branch division to the Allegheny river, and if in his opinion

a sufficient supply of water cannot be obtained for that purpose,
then he shall ascertain the most eligible route for a railroad becanal and
points, or of a communication partly by
The said suras he may deem most advisable.
railroad,

tween the said
partly by

veys to terminate opposite the town of Franklin, Venango county;
be
of which
surveys accurate and full reports and estimates shall

made

to the said

commissioners, and by them laid before the legisand for the expense of which, the sum of

lature at its next session;

nine thousand and five hundred dollars
propriated.
to be

And

made by

is
hereby specifically apthe said Canal Commissioners shall also cause

a competent engineer, a survey, estimate and report
and importance of con-

to the next
legislature, ot the practicability

structing a lailroad from the town of Lewisburg, in Union county,
to or near Water Street, in Huntin<rdon county, tor which two
thousand dollars is hereby specifically appropriated. And the said
Canal Commissioners shall also cause to be made by a competent

engineer, a survey, estimate and report upon the practicability and
at or
iuiportance of connecting by railroad the Pennsylvania canal

near Freeport, by way of Butler, with the Pennsylvania canal at or
near New Castle, for which the sum of five hundred dollars is here-

by

specifically appropriated.

of six hundred fifty-one thousand seven
hundred eighty dollars and seventy-four cents, be and the same is
to wit:
hereby appropriated specifically, for the following purposes,

Suction

To

10.

The sum

complete the Columbia railroad, twelve thousand

To

five

hundred

complete the Portage railroad, forty-two
four hundred and sixty-one dollars: To complete the exthousand
tension of the West Branch division to the mouth of the Tangascoo-

and

fifty-two dollars:

13
tack,

one hua.lrcd and twelve thousand and seventeen dollars: For

a reservoir at Johnstown, thirty thousand dollars, if the Canal

missioners shall

deem

it

advisable to

commence

the

Com-

same within

the present year: For ropes on the Columbia railroad, three tiioaMnd three hundred dollars: For moneys due on locomotives contracted for or. the Columbia railway, iivc thousand four hundred
and forty-three dollars and fifty-nine cents: For four new locomotive engines, and lor ropes, repairing machinery, and debts due
for motive ])Ower on the Portage railroad, sixty -one thousand one

hundred and seventeen dollars: For new work, and for navins
debts due on finished lines, and for pay of Canal Cornmissioneit,
and cnginsers, thirty thousand dolappraisers, sup>irintendents,
lars:

For the repairs of canals and railroads, three hundred thou-

sand dollars: For the payment of damages, twenty thousand dollars:

For the payment of retained percentage due

to contractors,

twenty-five thousand dollars: To pay the award of arbitrators for
damages sustained by the owners of the land through which the
Grants Hill tunnel passes, nine thousand eight hundred and
eigh-

ty-nine dollars thirty-seven and a half cents.
Sectioji 11. The sums appropriated as aforesaid by the three
preceding sections of this act, shall be respectively paid out of the

balance of the two millions of dollars to be paid as aforesaid bv
the said bank into the treasury of the commonwealth, after deducting the amount appropriated by the seventh section of this act.
Section 12. The Canal Commissioners shall not be authorized

any debt on the faith of the commonwealth, in any way or
manner beyond the appropriations as aforesaid: And Provided,
That no part of the said appropriation shall be applied to any other

to incur

than the several specific purposes to which it is appropriated by
this act, nor shall any contracts be entered into for
any new line
of canal or railroad not mentioned in this act, or for
any extension
of the lines herein named beyond the limits
this act.
prescribed

by

Section 13. The sum appropriated

to the

payment of damages

by the tenth section of
in the

this act, shall be paid as
speedily as possible,
order as to time in which the said claims for
damages have

been awarded, assessed and confirmed, and afterwards to such as
may hereafter be awarded, assessed and confirmed, or may be agreed

upon as due by prior acts.
Section 14. The said bank may establish two offices of discount
and deposite in tliis state, one of which shall be at such
place in
the county of Beaver as the directors
select for tiie
may
purpose.
Section 15. Nothing in this act contained shall take effect
until the several sections

and provisions relating to the bank of the
United States shall have been accepted by the stockholders thereof,

14
at a general

the

nu'eting, which acceptance shall be made known to
tliird day of March next;
whereupon

Governor on or before the

every preceeding section of this act shall be

in

And

full force.

acceptance by the stockholders of the
existing bank of the United States, notice shall be given by the
directors thereof, that on a day named, not exceeding thirty days
within

after the
tiiirty (lays

thereafter, an election shall be held for directors

so accepted,
tions are

which election

now

shall be

under the charter

held in like

manner

as elec-

held in said bankj and the directors so elected

elect a president,

and

shall serve until the first

sliall

annual election:

Provided, That from the said third day of March to the holding of
the election authorized by this section, the president and directoru
in office at the time of such acceptance may continue to act-

NER MIDDLESWARTH.
Speaker of the House of RepresentalivcR.

THOMAS

S.

CUNNINGHAM,
Speaker of the Senate.

Approved

the 18th day of February,

fight hundred

and thirty

Anno Domini, one thousand

six.

JOSEPH RITNER.
Skcretary's Office,
Ilarrisburg, Feb. 24th,
I

1

^

836. 5

do hereby certify, that the above and foregoing is a true copy
from the original law on file and of record in said office.

Witness ray hand and

seal of office, the

day and year

aforesaid.

THOMAS

H.

BURROWES,

Secretary of the Commonwealth.

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