138 THE FREEDMEN’S SAVINGS BANK 
mortgage, or confess any judgment or decree whereby said 
company may be charged with any liability, or be de- 
prived of any of its assets, or shall make any false entry 
in any book, report, or statement of the company, or 
wilfully deceive any officer of the company, or any agent 
appointed to examine the affairs or condition of the com- 
pany, shall be deemed guilty of misdemeanor, and upon 
conviction thereof, shall be punished by imprisonment for 
a period not exceeding five years. 
Sec. 6 . . . hereafter the officers or agents of said trust 
company shall not pay interest on the deposits exceeding 
five per centum. 
Sec. 7 . . . whenever it shall be deemed advisable by 
the trustees of said corporation to close up its entire busi- 
ness, then they shall select three competent men, not con- 
nected with the previous management of the institution 
and approved by the Secretary of the Treasury, to be 
known and styled commissioners, whose duty it shall be 
to take charge of all the property and effects of said 
Freedmen’s Savings and Trust Company, close up the 
principal and subordinate branches, collect from the 
branches all the deposits they have on hand, and proceed 
to collect all sums due said company, and dispose of all 
the property owned by said company, as speedily as the 
interests of the corporation require, and to distribute the 
proceeds among the creditors pro rata, according to 
their respective amounts; they shall make a pro rata 
dividend whenever they have funds enough to pay twenty 
per centum of the claims of the depositors. Said commis- 
sioners, before they proceed to act, shall execute a joint 
bond to the United States, with good sureties, in the penal 
sum of one hundred thousand dollars, conditioned for the 
faithful discharge of their duties as commissioners afore- 
said, and shall take an oath to faithfully and honestly 
perform their duties as such, which bonds shall be executed 
in presence of the Secretary of the Treasury, be approved 
by him, and by him safely kept; and whenever said trus- 
tees shall file with the Secretary of the Treasury a certified 
copy of the order appointing said commissioners, and they 
shall have executed the bonds and taken the oath afore- 
said, then said commissioners shall be invested with the