SLn 
 
 r 
 
 TO REPEAL THE STATE TAX 
 
 ON REAL AND PERSONAL PROPERTY, 
 
 AND TO CONTINUE AND EXTEND THE IMPROVEMENTS OF THE STATE 
 
 
 AND TO CHARTER A STATE BANK TO BE CALLED 
 
 THE UNITED STATES BANK, 
 
 HARRISBURG: 
 
 PRINTED BY THEO. FBNN. 
 
 , 1836 . 
 

ji *08 Cominffrc04 • ' 1 
 
 PENNSYLVANIA LEGISLATURE. 
 
 HOUSE OF REPRESENTATIVES, 
 
 Wednesday, February 24 , J 836 . 
 
 A motion was made by Mr. Reed, and read as follows: 
 
 comn;=.;ir^ 
 
 Is an important era m our legislative history: ’ 
 
 TOi"! «“• »"~- 
 
 Iherefore, 
 
 ;KS .p',;: '.'""“tTt-A: K:* .^ir. S; 
 
 movement rf th'’e7arV'’‘’‘’-‘i''‘^!,‘“ 
 
 On motion, 
 
 >0000004 
 
 CNl 
 
 
 Met 
 
 tinue and^^tend the imV^vlmemroTthe^ta^e a 
 
 aay Of March, m the year one thousand eight hundred and fhi,-/v 
 one, respectively, entitled “An act assessing ?* ^ 
 
 «To7The‘cjLrottlvtnd''^ 
 
 of faxes assess^ bdorfthrSt daroTo^h" T 
 
4 
 
 Section 0,. The present stockiiolders of the bank oF the United 
 States, excepting the United States, and the Treasurer of the United 
 States, and such other persons as may become stockholders agreea- 
 bly to the by-laws made for that purpose, to an amount not exceed- 
 ing in the whole the present capital of the said bank, their succes- 
 sors and assigns, be and are liereby created a corporation and body 
 politic, by the name and style of “-the president, directors and 
 company of the bank of the United States,” and shall so continue 
 until the third day of March, in the year one thousand eight hun- 
 dred and sixty- six 5 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 effects, 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 the 'acts which to them it 
 shall or may appertain to do, and to enjoy the same privileges and 
 authority given by law to any bank within this Commonwealth, 
 subject to the rules and restrictions hereinafter prescribed. 
 
 Section 3. For the management of the affairs of the said cor- 
 poration, 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 direc- 
 tors, who shall be capable of serving for one year, and who shall, 
 at the 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 be 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 resi^ation of the president, the direc- 
 tors shall elect another president from their own number; and in 
 case of the death or resignation of a director, the vacancy may be 
 supplied by the remaining directors. 
 
 SfeoTioN 4. The following shall be the fundamental articles of 
 the said corporation; to wit: 
 
 Artiale 1. None but a stockholder who is a citizen of the 
 
 O/ 
 
o 
 
 United States shall be a director or vote at an election for direc- 
 tors, either in person or by proxy; and all proxies shall be 
 dated within sixty days before the day of each election. The 
 number of votes to which each stockholder shall be entitled in vot- 
 ing for directors shall be as follows: for one share and not 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 
 thirty, and not exceeding sixty, one vote; for every eight shares 
 above sixty, and not exceeding one hundred, one vote; but no per- 
 son, copartnership, or body politic, shall be entitled to a greater 
 number than thirty votes; and after the 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. 
 
 Article 2. Not more than three fourths of the directors who 
 shall be in office at the time of an annual election, shall be elected 
 for the succeeding year, and no director shall hold his office for 
 more than three years out of four in succession, but the director 
 who shall be the president may always be re-elected; and previous 
 to each election of directors, the board of directors shall appoint 
 three stockholders, not directors, to be judges of the election, who 
 shall conduct and regulate the same, after having severally taken 
 and subscribed an oath or affirmation, before some justice of the 
 peace or alderman, well and faithfully and lawfully to conduct the 
 election, and who, after the conclusion of the ballot, shall decide 
 and openly declaie who are chosen directors for the ensuing year. 
 No director of any other bank shall be at the same time, a direc- 
 tor of this bank; nor shall the Governor, or any executive or judi- 
 cial officer of this commonwealth, or member of congress, or of the 
 state legislature, be a director. 
 
 Article IIL Not less than seven directors shall constitute a 
 board for the transaction of business, of whom 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 for that purpose; 
 and in case the president shall not so depute, the board of direc- 
 tors may elect a director to act during the absence of the president. 
 
 Article JV. A general meeting of the stockholders for purposes 
 relative to the institution, may at any time 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, published in the city of 
 Philadelphia, and specifying in such notice the object or objects of 
 such meeting. And their shall be a general meeting of the stock- 
 
6 
 
 Uoidcrs at the banking house, in the city of Philadelphia, on the 
 iirst Monday of January in every year, at which time the direc- 
 tors shall lay before them a general and particular statement of the 
 affairs of the company. 
 
 Jh'hcle The lands, tenements, and hereditaments which it 
 shall be lawful for the said corporation to hold, shall be only such 
 as shall be requisite for its immediate accommodation in transact- 
 ing its business, and such as shall have been bona fide mortgaged 
 to it by way of security, or conveyed to it in satisfaction of debts 
 ]>reviously contracted in the course of its dealings, or purchased at 
 sales upon judgments which shall have been obtained for such 
 debts, or purchased for the purpose of securing such debts. Tlie 
 said corporation shall not directly or indirectly, deal or trade in 
 any thing except bills of exchange, gold and silver bullion, or in 
 t!ie 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 lands. Neither shall it make any loan to any foreign prince or 
 vState unless previously authorized by law. The said corporation 
 shSiW not be at liberty to purchase any stock whatever, except their 
 own stock, treasury notes, or public stocks created by the govern- 
 ment of the United States, or of this state, or stock of, or loans 
 to any of t!ie incorporated companies of this state, for the con- 
 struction and improvement of roads, bridges, canal or inland nav- 
 igation, or other stocks which may be bona fide pledged as securi- 
 ty for debts to the bank, and not duly redeemed. 
 
 ArlicJe VI. The rate of discount at which loans may be made 
 bv said bank within this commonwealth, shall not exceed one hal f 
 of one per centum for thirty days. And the notes and bills w'hich 
 shall be issued by order of said corporation, or under its authority, 
 shall be binding upon it, and those made payable to order shall be 
 assignable by endorsement, but none shall be issued of a denomi- 
 nation less than ten dollars ; and if the bank shall neglect or re- 
 fuse to pay its notes, or bills or moneys deposited when due, on de- 
 mand made at the bank during banking hours, the person or per- 
 sons entitled to the same shall receive interest thereon at the rate 
 of twelve per cent, a year until payment be made. And the notes 
 of the corporation in circulation shall never exceed the capital ac- 
 tuall V paid in. The total amount ofdebts which the said corporation 
 mav at any time owe, whether by bond, note or other contract, ex- 
 cepting the amount of money due to depositors, shall not at any 
 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 
 uction of debt may in such case be brought against them, or any ot 
 
7 
 
 or any of their heirs, executors or administrators, in any 
 court having competent jurisdiction, by any creditor or creditors 
 of such corporation, and may be prosecuted to judgment and exe- 
 cution, any condition, covenant or agreement to the contrary not- 
 withstanding : but this shall not be construed to exempt the said 
 corporation, or the lands, tenements, goods and chattels of the 
 same, from being also liable for, and chargeable with the said ex- 
 cess. Such ot the said directors as may have been absent when 
 the said excess was contracted or created, shall not be considered 
 ns consenting thereto, or liable therefor, and those who may have 
 dissented from the resolution or act whereby the same was so con- 
 tracted or created, and who shall enter their dissent upon the min- 
 utes of the board, may exonerate themselves from being so liable, 
 bv forthwith giving notice of the fact to the stockholders at a ge- 
 neral meeting, which they shall have power to call for that pur- 
 pose. 
 
 .Article VIT. If the sa71 bank should at any time refuse to pay 
 any of its notes, bills, obligations, or deposited moneys, in gold or 
 silver, then, at or after the expiration of three months from the 
 time of the first refusal of said bank to pay as aforesaid, it shall and 
 may be lawful for the holder or proprietor of the same, to make ap- 
 plication 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 affir- 
 mation, by one or more disinterested witness or witnesses, before 
 said judge, whose duty it shall be to give at least ten days notice 
 to the president or cashier of said bank, of the time and place of 
 making such proof, in ordei* that an opportunity may be afiorded 
 for rebutting the same by testimony; and if the facts be substan- 
 tiated, it shall be the duty of the said judge to reduce the same to 
 writing, and to transmit the same to the Governor. And it shall 
 be the 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 from and after the 
 tcntii day of the date of the said proclamation, the charter of the 
 «ai(l bank shall be absolutely null and void, and of no effect v/hat- 
 soever — except that the said bank shall be liable in its corporate 
 capacity, for the fulhlment of all contracts previously made and 
 entered into by it; and the stockholders thereor shall have power to 
 elect directors as usual, and be capable of compelling the fulfil- 
 ment of any contract entered into witli said bank, previously to the 
 (late of the said forfeiture. 
 
 Ariide VIIL Dividends of so much of the profits as the direc- 
 tors may deem advisable, shall be declared twice a year, on the first 
 AJEoiulays of January and July in each year, and paid to the siocV 
 
 9 
 
8 
 
 huldeis on demand at any time after the expiration of ten days 
 tlierefrom. But such dividends shall in no case exceed the amount 
 of the nett profits, actually acquired by the bank, so that the 
 capital stock of the said bank shall never thereby be impaired. If 
 the directors of the bank shall make any dividend which shall im- 
 pair the capital stock of said bank, the directors consenting there- 
 to shall be liable in their individual capacities to such corporation 
 for the amount of the stock so divided; and each director present, 
 when such dividend shall be made, shall be adjudged to be con- 
 senting thereto, unless he forthwith enter his protest on the min- 
 utes of the board, and give public notice to the stockholders, of the 
 declaring of such dividend. 
 
 Article IX. The salary of the president shall be established and 
 allowed by the stockholders at a general meeting, and no compen- 
 sation shall be allowed to any person for his services as a director. 
 The board of directors shall appoint a cashier, and such other offi- 
 cers, clerks, and persons as shall be necessary for transacting the 
 business of the bank, and shall take from each such security as the 
 by-laws shall prescribe, and shall make to each a just compensa- 
 tion for his services. 
 
 Article X. The said bank shall make to the Auditor General 
 monthly returns of its condition, shewing the details of its opera- 
 tions, according to the form of the returns the Bank of the United 
 States now makes to the Secretary of the Treasury of the United 
 •States, or according to such form as may be established by law. 
 
 Section 5. It shall at all times be lawful for a committee of the 
 3..egislature appointed for that purpose, to inspect the books and 
 examine into the proceedings of the corporation hereby created, and 
 to report whether the provisions of this charter have been by the same 
 abused or violated, or not; and if the officers of said corporation 
 should refuse to be sworn or aflirmed, or give evidence, or to pro- 
 duce all such of their books or papers as may be demanded before 
 any such committee, then the legislature may by law declare the 
 said charter void, and repeal the same; and whenever any commit - 
 tee as aforesaid shall find and report, or the Governor shall have 
 reason to believe, that the charter has been violated, it may be law- 
 ful for the legislature to direct, or the Governor to order, a scire 
 facias to be issued out of the Supreme Court of Pennsylvania, in 
 tiie name of the Commonwealth of Pennsylvania, (which shall be 
 executed on the president of the corporation for the time being, 
 at least ten days before the commencement of the term of said 
 court,) calling on said corporation to shew cause wffierefore the 
 cbar1j;er hereby granted shall not be declared forfeited; and it shall 
 be la wful for said court upon the return of said scire fadasy to ex- 
 
 I 
 
9 
 
 amine into the truth of the alleged violation, and if such violation 
 be made to appear, then to pronounce or adjudge that such charter 
 is forfeited and annulled: Provided, however, every issue of fact 
 which may be joined between the commonwealth or the corporation, 
 such issue shall be tried by jury; and on the trial thereof, the com- 
 monwealth sliall have the right to change the venue from the coun- 
 ty of Philadelphia to any adjoining county. And it shall be law- 
 ful for the 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 controvei;ted facts, and the final judgment 
 of said court shall be subject to all the usages of law in other cases. 
 
 Section 6. In consideration of the privileges granted by this act, 
 and in lieu of all taxes on dividends, the said corporation shall 
 pay into the treasury of the commonwealth the sum of two millions 
 of dollars, at such time and in such instalments as the Governor 
 may require: Provided, That at least thirty days notice shall be 
 given by the Governor of the time when each instalment will be 
 required: And provided also, That for all sums the Governor shall' 
 not so require to be paid within three months after the acceptance 
 of this charter by the stockholders, interest at the rate of five per 
 cent, a year shall be paid by the corporation, commencing at the 
 expiration of the said three months, and terminating thirty days be- 
 fore the time fixed for the payment of each sum; and the said cor- 
 poration shall also, whenever required by law, advance on perma- 
 nent loan any sum or sums, not exceeding in the whole six mil- 
 lions of dollars, and for each sum of money so loaned shall receive 
 from the commonwealth a negotiable certificate of stock, reim- 
 bursable on the third day of March, one thousand eight hundred 
 and sixty-eight, transferable at the Bank of Pennsylvania, or such 
 other place as the legislature may hereafter designate, bearing an 
 interest of either four or five per cent, per annum, payable half 
 yearly, at the Bank of Pennsylvania, or such other place as the le- 
 gislature may hereafter designate, as the law requiring such loan 
 may 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 
 cent, shall pay one hundred dollars in money for each hundred dol- 
 lars of stock; and 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 
 one year, at an 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 tin 
 surer for the use of the commonwealth, the sum of five h 
 
10 
 
 thousand dollars on the third day of March, Anno Domini one thou- 
 sand eight 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 thousand dollars on each suc- 
 ceeding first Monday of June, for nineteen years thereafter, to be 
 added to and paid over with the annual appropriation provided by 
 the commonwealth for common school purposes, and be distributed 
 according to the several laws of this commonwealth regulating the 
 distribution of such appropriations; and the said corporation shall 
 further be bound to subscribe the following sums to the capital 
 stock of the following named companies, if requested so to do by 
 the directors of the said companies, or either ol 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 hun- 
 dred thousand dollars; To that of the Williamsport and Elmira 
 railroad company, the sum of two hundred tliousand dollars; To 
 the 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 
 dollars as soon as one hundred thousand dollars subscribed by other 
 persons or bodies corporate shall have'been bona fide expended in 
 the construction of the said work; To the Cumberland Valley rail- 
 road company, one hundred thousand dollars; To the Warren and 
 Pine Grove railroad company, twenty thous;and dollars; To the 
 Warren and Franklin turnpike road company, fifteen thousand dol- 
 lars, if the said companies be incorporated this session of the legis- 
 lature; To the Warren and Ridgeway turnpike road company, five 
 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 com- 
 panies respectively; Provided, That such subscription shall not be 
 made to the stock of the Baltimore and Ohio railroad company 
 until a 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 rail- 
 road, at any point in the state of Maryland; and that the whole 
 amount so to be subscribed by the said bank, shall be appropriated 
 exclusively to the construction of the railroad from Cumberland to 
 Piifc.sburg; and that no payment shall be called for by the directors 
 le Baltimore and Ohio railroad company on account of said 
 
11 
 
 subscription, until at least twenty miles of the railroad within the 
 state of Pennsylvania, shall have been bona fide placed under con- 
 tract, and the construction thereof actually begun. 
 
 Section 7. Six hundred thousand dollars of the amount to be 
 paid into the treasury as aforesaid, shall be appropriated in lieu of 
 the receipts from the state taxes hereby repealed, to pay the inter- 
 est on the public debt, and other just demands upon the common- 
 wealth. 
 
 Section 8. For the purpose of enabling the several turnpike 
 companies hereinafter mentioned to improve the condition ot said 
 roads, the following sums are specifically appropriated to be paid 
 to the said companies respectively, for the aforesaid mentioned pur- 
 poses, which said sums shall be distributed in the following man- 
 ner: 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 dol- 
 lars; to the Robbstown and Mount Pleasant turnpike road compa- 
 ny, eight thousand dollars; to the Washington and Williamsport 
 turnpike road company, eight thousand dollars; to the Mount Plea- 
 sant and Pittsburg turnpike road company, five thousand dollars; 
 to the Washington and Pittsburg turnpike road company, fifteen 
 thousand dollars; to the Bedford and Stoystown turnpike road com- 
 pany, ten thousand dollars; to the Stoystown and Greensburg turn- 
 pike road company, twelve thousand dollars; to the Greensburg 
 and Pittsburg turnpike road company, twelve tliousand 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 commissioners of Fayette 
 county, and one third by the commissioners of Greene countv. 
 
 Section 9. It shall be the duty of the Canal Commissioners to 
 put under contract not less than twenty miles, nor more than fortv 
 miles, of the North Branch division of the Pennsylvania canal, du- 
 ring the ensuing year, commencing at or near the New York state 
 line, towards which the sum of one hundred and fifty thousand dol- 
 lars is hereby specifically appropriated. And the said Canal Com- 
 missioners are hereby further directed to put under contract not 
 less than thirty-six, nor more than sixty miles of the Pennsylvania 
 canal, extending the same by canal or slack water towards the har- 
 bour of Erie, from such point or points as will best advance the 
 interests cf the state, having due regard to distance, lockage, 
 and commercial interests : Provided, That no part of said dis- 
 tance is on the Ohio or Allegheny rivers, towards the completion 
 
12 
 
 of wilicli the sum of two hundred thousand dollars is hereby spe- 
 cifica’.Iy appropriated. And the said Canal Commissioners are 
 hereby further authorized and required, without delay, to survey 
 and locate the most advantageous line for a railroad from the bo- 
 rough of Gettysburg, to cross the route of the Baltimore and Ohio 
 railroad, and connect with the Chesapeake and Ohio canal, at some 
 point in the state of Maryland, at or west of Williamsport; 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: Provided^ That no such contract 
 shall be entered into, unless the Baltimore and Ohio railroad com- 
 pany shall 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 be- 
 tween the said points, or of a communication partly by canal and 
 partly by railroad, as he may deem most advisable. The said sur- 
 veys to terminate opposite the town of Franklin, Venango county; 
 of which surveys accurate and full reports and estimates shall be 
 made to the said commissioners, and by them laid before the legis- 
 lature at its next session; and for the expense of which, the sum of 
 nine thousand and five hundred dollars is hereby specifically ap- 
 ])ropriated. And the said Canal Commissioners shall also cause 
 to be made by a competent engineer, a survey, estimate and report 
 to the next legislature, ol the practicability and importance of con- 
 structing a railroad from the town of Lewisburg, in Union county, 
 to or near W'ater Street, in Huntingdon county, for which tw'o 
 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 
 importance of connecting by railroad the Pennsylvania canal at or 
 near Freeport, by way of Butler, with the Pennsylvania canal at nr 
 near New Castle, for which the sum of five hundred dollars is here- 
 by specifically appropriated. 
 
 Section 10. The sum of six hundred fifty-one thousand seven 
 hundred eighty dollars and seventy-four cents, be and the same is 
 hereby appropriated specifically, for the following purposes, to wit: 
 
 S o complete the Columbia railroad, twelve thousand five hundred 
 fifty-two dollars: To complete the Portage railroad, forty-two 
 thousand four hundred and sixty-one dollars: To complete the ex- 
 tension of the West Branch division to the mouth of the Tangascoo- 
 
13 
 
 tack, one hundred and twelve thousand and seventeen dollars: For 
 a reservoir at Johnstown, thirty thousand dollars, if the Canal Com- 
 inissioners shall deem it advisable to commence the same within 
 the present year: For ropes on the Columbia railroad, three thou- 
 sand three hundred dollars: For moneys due on locomotives con- 
 tracted for on the Columbia railway, five thousand four hundreil 
 and forty-three dollars and fifty-nine cents: For four new locomo- 
 tive engines, and for ropes, repairing machinery, and debts due 
 for motive power on the Portage railroad, sixty-one thousand one 
 hundred and seventeen dollars: For new work, and for paying 
 debts due on finished lines, and for pay of Canal Commissioners, 
 appraisers, superintendents, and engineers, thirty thousand dol- 
 lars: For the repairs of canals and railroads, three hundred thou- 
 sand dollars: For the payment of damages, twenty thousand dol- 
 lars: 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. 
 
 Section 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 by 
 the said bank into the treasury of the commonwealth, after deduct- 
 ing the amount appropriated by tb^ seventh section of this act. 
 
 SECTION la. The Canal Commissioners shall not be authorized 
 to incur 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 
 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 prescribed by this act. 
 
 Section 13. The sum appropriated to the payment of damages 
 by the tenth section of this act, shall be paid as speedily as possible, 
 in the 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 this state, one of/which shall be at such place in 
 the county of Beaver as the directors may select for the purpose. 
 
 Section 15. Nothing in this act contained shall take effect 
 until the several sections and provisions relating to the bank of th© 
 United States shall have been accepted by the stockholders thereof, 
 
1.4 
 
 at a gcnei’al meeting, wiiich acceptance shall be made known to 
 tlie Governor on or before the third day of March next; whereupon 
 every preceeding section of this act shall be in full force. .\nd 
 within thirty days after the 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 
 thereafter, an election shall be held for directors under the cliarter 
 so accepted, which election shall be held in like manner as elec- 
 tions are now held in said bankj and the directors so elected shall 
 elect a president, and shall serve until the first annual election: 
 Provided^ Tiiat from the said third day of March to the holding of 
 the election authoi ized by this section, the president and directors 
 in office at the time of such acceptance may continue to act. 
 
 NER MIDDLESWARTH; 
 
 Speaker of the House of Representatives. 
 
 THOMAS S. CUNNINGHAM, 
 
 Speaker of the Senate. 
 
 Approved the 18th day of February, Anno Domini, one thousand 
 eight hundred and thirty six. 
 
 JOSEPH RITNER. 
 
 Secretary’s Office, > 
 Harrisburg^ Feb, 24//i, 1836. 3 
 
 I 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 my hand and seal of office, the day and year 
 aforesaid. 
 
 THOMAS H. BURROWES, 
 
 Secretary of the Commonwealth.