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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2640   View pdf image (33K)
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ODEN BOWIE, ESQUIRE, GOVERNOR. 101

Sec. 2. And be it enacted, That the aforesaid
Bank, from the time six hundred shares of its
Capital Stock have been actually paid in, shall
he entitled to all the rights, powers, privileges
and franchises, and subject to all the conditions,
restrictions, limitations, duties and obligations of
the several Banks comprehended in an Act enti-
tled an Act to continue the corporate existence of
the several banking institutions therein men-
tioned, passed at January session, eighteen hun-
dred and fifty-three, chapter four hundred and
forty-one, and the supplements thereto, excepting
the ninth Section of said Act, in lieu of which the
following provision, in pursuance of Article three,

Shares,

Section thirty-nine, of the Constitution, shall be
applicable to said Bank, to wit; the Stockholders
and Directors of the said Bank shall be liable to
the amount of their respective share or shares of
stock of said Bank for all its debts and liabilities
upon note, bill or otherwise, which liability may
be enforced by bill in equity in the name of one
or more creditors of said Bank, for the equal ben-

Liability.

efit of all; and the books, papers and accounts of
said Bank shall be open to the inspection and ex-
amination of any stockholder thereof at all times
on business days and during business hours.

Inspect books.

Sec. 3. And be it enacted, That this Act shall
be continued in full force and operation until the
year eighteen hundred and ninety-five, and until
the end of the session of the General Assembly
next thereafter, and the Legislature reserves to
itself the right to alter or amend this Act of In-
corporation at pleasure.

To extend.

Sec, 4. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved March 2, 1870,

In force.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 2640   View pdf image (33K)
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