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i.vctw (or t/Tifiu) that the floe*
you now rep relent, it bona file,
your property, and that no other
person or persons is or are con
cerned therein, and that you are
a citizen of the United States,”
and to any person voting by
proxy, or tor a minor, or in right
of or in trust; for any other per
son entitled to vote, the follow
ing oath : • You A. B. do swear
(or affirm) that the flock of
C. P. whom you now represent,
is t* the best of your knowledge
and belief, the property of the
fait} C. D. and that no other per
son or persons is or are concern
ed therein.” And any flock
holler refufing to take such oath
or affirmation, shall not be al
lowed to vote at such election.
fulc 5. Any person or per
fonl holding or lubfciibing for
flock in the said Bank, in the
nark or in trust for minors,
ffiaj, to all intents and purposes,
relating to this aft, be viewed
and taken as holding or fubferi
bin*j such flock, in the name or
narrjes of such person or persons
so holding or fublcribing, and in
voting at any meeting of ftock
hojders, such persons fliall be
entitled to vote in such propor
tion only, as if the flock of fach
minor or minors was the foie and
exclusive property of the person
or persons so voting.
Rule 6. A fair and correct lift:
of the ftockhoiders shall be made
our, at left two weeks before
any e left ion of direftors, to be
submitted to the fnfpeftion of
any stockholder who (hall re
quire to lee the fame, to the end
that public information may be
given to the parties concerned,
of their co-proprietors & flock
holders.
Rule 7. No direftor of any
other Bank sh ill be eligible as a
direftor of this corporation, nei
ther (hall any stockholder who
is not a citizen of the United
States be eligible as a direftor.
Rule 8. Not more than three
fourths of the direftors txclufive
of the Prefidcnt and the four
appointed by the Legiftature,
fliall be eligible for the next
succeeding year: But the direc
tor who shall be President at the
time of any election may always
be re-elefted.
Rule 9. No less than fix di
reftors lhall constitute a board
for the tranfaftioo of business, of
v. hom the President shall always
be one except in case of sickness
or neceffiaiy absence, ‘in which
€j- •: h s place may be supplied
by any other direftor whom he,
by writing under his hand, lhall
nominate for thepurpofe, and in
default of such nomination by
the President, or in case of the
sickness or necefifury absence of
the person so appointed, in ci
ther event, the board of direc
tors may, by ballot, appoin* a
temporary President.
Rule 10. I lie direftors shall
keep fair and regular entries in
a book, to be provided for that
pur pole, of their proceedings*
and on any question, where two
direftors fliall require it, the
yeas and nays of the direftors
voting shall be duly inferred or.
their minutes, and those minutes,
be at all timer on demand, pro
duced to the ftockhoiders when
at a general meeting, or to the ’
Lrg'fhrure or any committee
thereof, who Hull r.p-ire the I
famev
Rule u. Ihe -ftockhoiders
shall allow such compenfacion
to the President, for his fervi'-
ces, as may appear to them rea
sonable.
Rule 12. Every Cashier and
other officers appointed by the
direftors, before he or they en
ter on the execution of his or
their duty, shall give bond with
two or more ftcurities, to the
fatisfaftion of the direftors, in a
sum to be agreed on by the
board of direftors, conditioned
for his or their good behaviour.
Rule 13. The President and
Caihier shall take the following
oath, on entering on the duties
of their refpeftive offices ;
<( that they wiil well and faith
fully difeharge the duties there
of.”
Rule 14. The total amount
of the debts which the bank
fliall ai any time owe, including
the monies then aftuaily drpefi
ted in the bank for fafe-keeping,
whether by bond, bill, note or
other contrast, fliall not exceed
‘in the aggregate sum jpf tWO
millions of dollars, urfiefs the
contrasting of any greater debts
shall have been previously au
tborifed by a law of this state ;
in case of excess, the direftors
under whole acminiftratjon it
fliall happen, shall be liable for
the fame in their private capa
cities and an aft ion of debt may
in such cases be brought against
them, or any of them, their, or
any of their heirs, executors or
administrators, in any court of
this state having junfdiftion, by
any creditor or creditors of the
said corporation, and may be
prosecuted to judgment and ex
ecution, any condition, covenant
and agreement to the contrary
notwithstanding. But this lhall
not be construed to exempt the
said corporation, or the lands,
tenements, good:: or chattels of
the fame, from being aifo liable
and chargeable with the said ex
cess, such of the said direftors
who have been absent when the
said cxcefs was contracted or
created, or who may have diflen
ted from the resolution or aft
whereby the fame was so created
or contraftcd, may refpeftively
exonerate themfelvrs from be
ing so liable, by forthwith giv
ing notice of the faft and of
their absence or cifienf, to the
governor of the state, and to the
flock-holders at a general meet
ly which they shall have pow
er to call for that purpole.
Rule 15. The lands, tene
ments and hereditaments which
it shall be lawful for the said
corporation to hold, fliall be on
ly such as lhall be requisite for
its immediate accommodation,
in relation to the convenient
tranfafting of its business, and
such as fliall have been bona
hue mortgaged to it by way of
security, or conveyed to it in
latisfaftion of debts contrasted
in the course of its dealing*, or
purchaftd at idles upon judg
ments which lhall have been
obtained for such debts.
Rule 16. The stork of the
bank fluffi! be assignable and
transferable according to such
regulations as may be loftitmeci
in that behalf by t’ e direftors.
Rule 17. A meeting of toe
ftjck-holders may be c slic'd at
aiy time b} the ihefident and
dinfters, or by any d'rc&or
who protests aga nft the procec
diugs of the Bank, and who wiffi
es the propriety of his dillcnt to
be confidercd by the stock-hol
ders, or whenever the holders of
three hundred {hares and up
wart's, ffiali requite the fame.
Provided however , that no such
meting fliall be deemed regu
lar, unless sixty days notice be
g.ven of the intention to call the
lame, in at least two public Ga
zettes.
Rule 18. The accounts of the
corporation ffiail be balanced to
the last day of j une and Decem
ber cf every year, and a dividend
fliall be declared every half
year, cf so much of the profits
as (hall appear to the direftors
adviiable ; and at the expiration
of every fourth year, from the
second Monday of January next,
the direftors fliall lay before the
stock-holders at a general meet
ing, for .the r information, the
amount cf lurplus profit, if any,
after deducting losses and divi
dends.
Sic. 5. And le it further sn
uffed ly the authority aferejaid, \
That the said corporation fliall
not be permitted to purchase or
hold any public debt whatever,
except what may be fubferibed
by the ft te -s part of the capi
tal, and except such as may be
bona fide pledged to the said
corporation on monies loaned
by it i nor shall tne said corpo
ration direftly nor indireftly deal
or trade in any thing except
bills of exchange, gold or silver
bullion, or in the laic of goods
or public flock, really and truly
pledged for money lent, and not
redeemed in due time, or of
goods which fliall be the pro
duce of its lands; neither fliall
the said corporation take more
than at the rate of fix per centum
per annum for or upon its loans
or difeounts.
Sec. 6. And he it further en
abled by the authority aferefaid ,
That the bills obligatory, and of
creek under the seal of the said
corporation, which fliall be made
ro any person or persons, fliall
be assignable by indorfemenc
thereupon, tinder the hand or
hands of such person or persons,
and of his, her or their afllgnee
or affigrecs, and r o as ahfclutdv
to transfer and vefl the property
thereof in e;v-h and every as
signee or aflignees fuceeflivdy,
and to enable such assignee or
assignees to bring and maintain
an aft ion thereupon in his, her
or their name or names. And
bills or notes which may be illu
cd by order of the said corpora
tion, signed by the President,
countersigned by the principal
Cashier or treasurer thereof,
promising the payment of mo
ney to any person or persons,
his, her or their order, or to
bearer, though not under the
seal of the said corporation, shall
be binding and obfgatory upon
the fame, in the like manner and
with the like Tree and crusts as
upon any private person or per
sons, if iflued by him, her or
them in his, her or their private
or natural capacity or capac ties*
and fliall be assignable and nego
tiable in like manner as if they
were so issued by iuth plicate
person 0: persons, that is to lay ;
rhofe which a*e or shall be nav
sble :o any person or pe*for.s,
’ hk, Lessor their ore! t.;, ffiffil be
assignable by indorkmenr, in
like manner, and with the like
efteft as foreign cr inland bills
of exchange now a e, or lhall be
payable to bearer, (hall be nego
tiable and assignable by delivery
only.
Sec. 7. And he it further en~
affed ly the authority aferefaid,
That if the said corporation, or
any person or persons for or to
the use cf the fame, shall deal or
trade, in buying or felling any
goods, wares, merchandize or
commodities what foe ver, con
trary to the proviflons of this
aft, all and every person or per
sons by whom any order or di
reftion for so dealing or trading
(hall have beer given and all and
every person or persons who
ffiail have been concerned as
parties or agents therein, ffiail
forfeit and lose treble the value
of the goods, wares, merchan
dize and commodities, in which
such dealing and t rade ffiail have
been ; one half thereof to the
use of the informer, and the
other half to the use of the state,
to be recovered * :th costs of
luit.
Sec. 8. Andie it further en
abled, by the authority aferefaid.
That one thculaod five hundred
ftiares fliall be fubferibed by the
state, in the following manner*
hat is to fay : that it fliall and
may be lawful for the comptre*
ler-general of the finances of this
state, or in case of the abolition
of his office, or of his death,
re Agnation or absence from the
ftaie, for the person cr persons
who may be hereafter appointed
by the Legislature for the pur
pose, and he or they are hereby
authorifed and required to cause
a fubfeription of one hundred
and fifty thouftind dollars, to be
made to the stock of the said
corporation or Bank, as part cf
its capital, and that the said sum
of one hundred and fifty thou
sand dollars so to be fubferibed,
be paid to the said Bank as fol
lows ; that the funded debt of
the U. States, the property of
this state, amounting to 23,985
dollars, 60 cents, be paid into
the hands cf the direftors as soon
as the fi rft cleft ion of the fame
fliall take place, and the remain
ing sum under and by direftion
of the comptroller, cr person or
peifons herein before mention
ed, as the case may be, in a cer
tificate or certificates, as may
be found moft convenient, bear
ing an interefl of fix per cent,
per annum, to commence as
soon as the said Bank ffiail be in
operation, which funded stock
of the United States, the pro
perty of this state, and hereby
direfted to be paid into the said
Bank, and certificate or certi
ficates, the President and direc
tors oitiie ft id corporation, ffiail,
if t.l ey think proper, fell and
difpole of, in part or in whole*
ft-r the ale of the said corpora
tion, whenever they fee fit so
to do, rnd the fift h of the flare
is hereby pledged, together with
then proportion cf die dividends
arifmg fr m the Bark, for the
redemption of the interest aid
principal of the certificate or
cert ficatts so to be ilfued ;
which certificate or certificates
the state rn ty at any time take
up by pa- rg the amo mt thereof
into t..c L ink ; Provided now-