Newspaper Page Text
_ 1
A BILL,
To be enmM at, Art »„ authorize the business
vt i>«uKoik aou 10 regulate tiie same.
Section 1. Be ,( enacted by the Senate and
House oj Represent!! acts of tie State of Li cor via.
V* encra : Ass ' mhi u m,t . nnd it is hereby marled
by the authority oj the same. That the citizens „(
tins Slate shall have tiie privilege of banking from
ant alter the passage ol this act, upon the terms
anu conditijßscotnatnetl m the folhisviug sections
ol tins act. i lie (‘omptroder, together with two
commissioners, to be appmntc! as hereinafter di
rected, or a majority ol them, are hereby author
eiiia ic|iuire4i to cause to be engraved and
’ I in the best manner, to guard against
- ticking, such quantity of circulating notes,
. >e similitude ol bank v.otes, in blank, of the
« <c re tit denominations authorized by the
; jioratpd banks of this Strife, as they mav
I '’ "‘* ’‘ I l '' t 0 necessary, to cairy into
< it tu n provisions ol this act, and of such form
1 ‘ i 1 '' pi'*scr be. Such bank circulating
k'-tc.s -.nil be countersigned, numbered, and re
r’l-icicii in proper books, to be provided and kept
i .. tlwi purpose, in the office of said comptroller,
um.- r the direction of said comptroller ami said
<. o.mm- loners, by such person or person as they,
H 1,1 ;, J 'fitv of them shall appoint for that pur
"os-, so that each denomination of such circula
■.;-g notes shall ~l| be of the same similitude,
•ear me uniform signature of such register,
or one of such registers.
-4. fr/ it further . nacted by the aiAhoii
-1 i,at whenever any perion erasso
r . a O | croons, formed for the purpose of
| ',! n; u l: l er t!u ‘ provisions of this act, shall
transier to the comptroller aid said com
i,no Sl< r 1 »i ,S ' Cl u :i " i! • succcssors in office, any por
lo.i ol the mbue debr, now created or hereafter
to be created by the United States, or by tins
'h\Z SU: “* ,Sr t;s of ,iie
“ S shaH bc a PP- '1 by the said cotnptrol'er and
com:ni.«ioners, or a majority of them, such per
80n ? r association 0 f persons shall be entitled to
icceive fratn such comptroller and commissiou
«rs, a i eqak “ii a tint of such circulating notes,
ol different denominations, registered and eoun
tenigned as aforesaid; but such public debt shall
mad cases be, or be made to be, equal to a stock
of this btnte, producing five per cent, per annum,
and it shall not be lawful for said comptroller and
commissioners, to take any stock at a rate above
or below its par value.
, * C r C : 3 ’. An r ( ( be enacted by the aulhori
' i ha »* S4H 11 U c »so:i or association of
l eiM.nsnre hereby authorized, after having exe
kitt. and and -signed svn-h circulating notes, hi the
nv’eM 1 , ' ,U, l r .*- ,J l,y <!,e provisions of this act, to
mane them obligatory promissory notes, payable
on demand, at the place of business, within this
, ° *" rM P crs,,a or association, to loan and
-.rculate t.ic same as money, according to the or
dinary course of banking business as regulated by
rue I.iws and usages of this State.
, S : c - 4 ‘. dfurther enacted by the authori
ty ajo.es ud. i Inr m case the maker or makers of
any ‘■neh circulating notes, countersigned and re<r
isieiv , as aforesaid, shall at any time hereafter, on
lawful demand during the usual hours of busi
nes be.ween the hours of nine and two o'clock,
at the place where such note ~ payable, fail re
*"se r l etlc , e,n s ! icil ' » flu'ld’ur silver of the
standard v.aaeoi the i mted Staves, the holder of
tnnil « J f' rh i!t "”*> ‘ ause the
lMibli,. „, i H . ; ur no ' payment by a notary
* '’, .^l e ‘' “ ,i5 seai 01 "'fine, m the usual mau
ne" an . ! comptroller and said commissioners,
X/ Inn ! UWd fi,in « *■ office of such comp
in ? !: r 0 t ' st,;,il »'°«‘iwith give notice
Tn mv ,vh' °“ e m ‘7' er or makers of such note,
--o f .'r i .* Sai | Ue ’ ai "‘ U “ e u *' tiie y s!l ' 111 oniit to do
ij -T 1 k> s a.ter suca notice, the said cotnp
k ™, I!' 1 , 5 1,,1l „di„er,
thereupan (mdess they, n, a majority ot them,
hJI hesat'-fied that there h a good and legal de-
1 u e ,I ' OM ol ' s » ll > note or notes,)
th t aIT h! ,ri . pappf.s printed in Millotlgeville
that a!, the c ret,l icing notes issued by such ner
ouSrr'rr >-• ee l m u
dos " a t ' !1 Utcii-bands for thatpur
fndVon J 1 "' 2 la ' vful 'or siid comptroller
beh.aeinTt SS t.° n, ' rS t 0 np; ’ ,y ,he swl trn *t funds
te.i non” 0 t ♦/* m ' !Kf,r " r ,n^kers ° r s «ch prates-
IS- to f the l l;i jnicnt and re.lempiiou tliereof,
'itn costs ot protest, and to adopt such measure
fortne payment of all circulati.lg notes put
th ° W ' krr ° r ,nakersi nf 9 uch pro
mflwil i/, '° ,he P'ovisions of this
vent loss to tliV holders'tliereof!? 8 * o,; " BCtUa,l>'1 >' P M '
Hoc. 5. A-t lbe it furt : - -r cnaeted hy the author i
f! aforesaid, I h;«t tiie said comptroller and coni
missioners, may give to -m
--of mo-on. J ' "e to ,iu) peisua or association
n t rf fnrr,ri - sloc « 1:1 pursuance of
1 ° f tb,s ;,ct - Powers of attorney to
Z*T ? r d«*i.| S: ,:i s thereon, which such
* ' 01 association may receive and apply to
uoon!uchD3«a bU: »’" Wers nin >' bc Evoked
' . ] ' *T‘ 1n or assoctatioo of persons failing
u ledoein the circulating notes so issued ns afore
san ,oi whenever, in the opinion of the said comp
•fh* I—ipH? of .IS,
»£. «?.! bet(M " e an insufficient security, and
application "f'o f an< * COinin ' , sioners, upon the
ler?e I stock , oWner ° r ow "«™ «<' srn-li trans-
We or trnn r ma >’’ in discretion,
,' n | » . transfer the same fur other stocks of the
kind and value before specified in S , t rtT
; he m o rt ■■ ages.''o r any^o f"thenj 6 hereaf"
ter mentioned and provide,l for, upon
and cancelling an equal amount.of such circu'm
ting notes delivered li\’them to <nel,
associati-m of pe,W,. «»,? fjfffff.
t. C ' C '- i iu n, f> ' if further cru.cied by theauthon
'i-S'Hf'f' ss
tZHZ
-eKS'™ “!.£ rS . 9ns ’ i;i cr!Se s h*ill
notes, to secuf 01 n, ° s: »d bdis or
comptroller '- an lrti ‘ig to the said
up j , real , and raort -
CbitJfcter’n, a-idn-V H.' a f, ,east *>< per
n"iafj!Pin which r , aivvi »|Jy or setui-an
*>a«d by said' r» ,i,ds . an 1 notes |s
o)tV ' ‘ ■ ; »*. p “ rsoas sha, l ;
eSST" b ' Cd * cJ a pledge of |
See. F. And be it further enacted by the authori-
Ly "J 'CC*.nd, 1 hat such bonds and mortgages
sh ill be ouly upon uniucuuihciesl lands within
this .State, worth, inoepeudeiUly of the buildings
niereon, at least double the amount for which
they shall be so mortgaged; and the comptroller
and commissioners shall prescribe such tegula
tions lor ascertaining the title and the value of
such lands, as they may deent necessary; and
suc.l bonds and mortgagee shall be pay able wihin
such tune as the comptroller and commissioners
may direct.
See. 0. And be it further enacted by the cuthor
ity aforesaid , I hat the sad comptroller and eom
imsMioners may. in their (iiscretiou, re assign, tha
sanl bond-and moriggges, or any of them, to the
person or association of persons who transferred
the same, on reeceiving other approved bonds and
mortgages, or other unquestionable security as al
lowed by the preceding sections of this aer, of
equal amount and value.
Sec. 10. And be it further e meted by the. author
!,y aforesaid. The person, or association of
persons. «.o assigning such bonds and mortgages as
aforesaid, may receive the annual interest to ac
crue tiiereuu, unless default shall he made ** pav
,nj 1 *' e bills or notes to be < . uut n rsigned as = -va
-aei in the opinion nftbe com - I<’
It 'r! lU I r *_
txient o, sir h bills hr not eg, ‘ ■
, 7 t><tr further enacte / by the author
.* tresaid, l'hat in case such person, or a ,so
- s:ion of persons, snail fail or re.use to pay -uch
bid': or notes on demand, in the manner specified
in the fourth section of this an, the comptroller
-V commissioners,after the ,-iytY bays’ notice there
m mentioned, may proc rd to sell at publtc auction
ihe public stocks so pled id, or the bonds ant! mort
gages so assigned,or any or either of hem.vrotWcd'
the amount so refused to be paid.be not j am by said
association within the sixty days, out of the pro
reede o| such sales, shall pay and canceal the sivd
mils or notes, default m paving which shall be
made as aforesaid: but nothing in t! is art con
tained shall jo considered as implying any pIH-c
or handily on the part of this State, for the pay
ment Os -he said bills or notes, beyond the mo
le application ; ft’ie. ecuri.i- s pledged to th com
ptroller and eommissimters for their rcusmption.
> • c. 12. And b; if. farther enacted fm the au
thority aforesaid. That the Comptroller and Com
missioners shall be. and they are hereby author!
ze:l t,J l eeeivo from such per on or association of
persons, if they shall s > elect, bonds and mort
gages for lauds or town property, or negroes, be
fore receiving any of , said bills or '’notes, to
secure, of fourfol I value of inch bills or notes :
Provided nevertheless,-that the sai l comptroller
and commissioners shall he satisfied ot the title,
and value thereof: rad f-ridded also, that the
> ud town or other property, if subject to diminu
tion or distraction by fir-, shall be' insured to t e
satistaetion of such comptrolltfr and commission
er.s. or , majority of them; and provided further,
that the negro property to be offered do not ex
ceed one-half of the whole amount of -such bills
or notes. And whenever the bills and notes so to
lie issued, and the payment of which shall be se
cured as contemplated in tin's section, said bills
and notes shall be stamped on the face “secured
by the pledge of rial and personal property,”
which bonds, mortgages, and negroes, shall be sold
in like manner as property as sold under
execution, ami in the county whete the owner
or owners thereof reside, and I,v the sheriff ofthe
irmnty, b y emfors of the comptroller and com
missioners. ‘
Sec. 13. And be it further enacted by the au
thority aforesaid , That no stockholder or any offi
cci ot said Bank shaii borrow money from the
pledge ol his stock, but shall give the same
security as other borrowers of said bank, and such
security shaii not be either » director or stockhol
der in said institu'ion.
Sec. 14. And be it further enacted by the au
thority aforesaid, That the public debt,' stocks,
bonds, and mortgages, to be deposited with the
comptroller and commissioners, by any such
person or association, shall be held by them ex
clusively for the redemption of the bill, or notes
ct such person or associations put in circulation
as money, until the same are paid ; hut the same
shall be renewe 1 every five years, if, j„ ,i IP opm .
ion of the comptroller and commissioners, ora
majority of them, such renewal shall be reqniwd
TO strengthen such security by the addition or
substitution of other property.
Sec. 15. And be itfnri’er'enacted by the au
thority aforesaid, Thrt the plates, dies; and ma
terials, to fc? procured as aforesaid, for the print
ing, making, and marking the circulating notes
provided tor by this act, shall remain in the cus
tody, and under the control and direction of the
comptroller and commissioners, and the expenses
necessarily incurred in executing the provisions
ui tins act, shall be advanced bv the association , r
associations applying for such notes. And the
said comptroller and coininistfionew are hereby
an norized and required to charge against and re
ceive from such person or association applying
for such circulating notes, such rate per cent
thereon as may be sufficient for that purpose, and
as may be just and reasonable.
,1 ,S ° C ‘ V” it further enacted by the nu
ll or ry aforesaid. That it shall not be lawful forthe
comptroller and commissioners, or other officers,
to countersign bills or notes for any person or as
sociation of persons, to an amount in the a-gre
gate exceeding the security offered at its value as
before provided for, and actually deposited with
the comptroller and commissioners by such per
son nr association ; and any bomptrolier, commis
s »ner, or other officer, who shall violate any of
.hrpmv.smc.softhis act, shall, upon conviction,
! '" rs ? tyof a 'hisdeincanor. and shall he
.' b - *. ;ne f!<) t less than ten thousand dol
”* IOS * *«J«»iu.l»
... '7- l; i t Hf t ** Humour.
-■!■>■ san,, 1 hat if any person or association of
persons ; hall be convicted 0 f runniog off, or at
tempting so to no, any negro slave so mortgaged
as aforesaid, or ot soiling or disposing of such
offhPsT 1 Pr h P * rf ’ V i " hirh amoved out
Ol this .state, he or they shall be adjudged guilty
ofa telon v, and shall be punished by confinement
m the I emtentiury for a term not less than five
or more than ten years, at th • discretion of the
Court.
Sec. IS. Aid he it fattier enacted by the au
thority af,resard. That aQ y person or number of
pe sous may associate to establish offices of dis
soun anddeposue. an(J crculation, upon the
ties C u aT°T' an '' su, ’i ect t 0 the liabili
ties prescribed by this act; but the aggregate a
r,r°; £*r ? r' st,,ck ofan y »««h i.oci«ion
-s.iall not be less than one hundred thousand dol
lars Such persons, under then bands and seals,
shaM moke a certificate, whicjishall specify :
I ‘ l ‘*c natnea.MO«,id to such as-
THE GEORGIA MIRROR.
sociations and to be used in its de.ihc > ; /’ [.
did. The Dame of ;.„v existing i.ank, ’ or lov '
name previously todeoed by any association lotiii
ed under this law, be not assumed.
11. The piace where the ■ v .aimosof discount
and deposits ol such as: oc,allot. a,r to be carried
on designating the part,, ula- c.ty, town, m village.
MI. 'I he amount of capital stock of such asso
ciation, am the dumber ot shares into which the
same shall be divoiced.
IV. i'he names and places of residence of the
shareholders, and the number of shares held by
each ot them respectively.
V . I'he period at which such association shad
commence and terminate.
V\ hn h eerirticate shall be proved and arkowl
odjrd. and recorded in the office of ill- Tie k of
tne Superior Court where any of *i,cb «s-
ST" " ha J[ h * r a , hi ' Ue -‘ an “ a / .boreof
filed in the office of tbs rorrprrollcr '
. ' V “f' f *‘ id, ! # mt the certificate required by
ZdT " ecti t “ recorded and
! as •rt'sa.d, or a copy theteof duly certified
| fro.,, the record, shall be received in evidence in
< any Court in this Slate.
Sec. 20. An/ be it further enacted by the au
thority aforesaid. Tint such association slin!!
have power to tarry on tiie business ot banking
hv discounting bills, notes and other evidences o :
and '!>:*.bv receiving deposites.-by buying ami selling
void and silver bullion, for ign coin- and Inlis of
exchange, in the manner specific., i.t their a.ti
t ies of association for ihe purpo..p.s authorized by
this act, by loaning money on real or personal se
curity, and by exercising such incidental powers
■: - sh !i be neces* i v to carry on such business ;
to choose one of their nnmVr as President of
such association, and to appoint a Cashier, officers
and agents at plea-ure, ami appoint others iu their
places.
See. 21. And itf„r. enacted by the an
icn hy aforesaid, ) line Hie shares of said associa
!* on .T .• k ,1 ppr-;in:?i jiroperfy, and shall
be ti insferable on lac hooks of the a.-sociasiou in
such manner r. u;;v be agreed upon in the. arti
r lesuf ■>= -ociatio; ; and every per-on becoming <,
share-holder by such transfer, shall, in projioi tion
| ra ins shares, be secured to all the rights and l:u
--■ ‘lutics of prior shareholders, and no change shall
b° made ir, the articles of association by which
the rights, remedies, or security of its existing
creditors shall he weakened or impaired. Such
associations shall not he dissolved by the death or
i.i> mity oj any ot ts sliareiioid -rs therein.
, ■'' ec< •And bed further enacted by the au
t or,ty aforesaid, TLnt it shall be lawful for any
a-soriat'or: of persons o, auizing under tins act,
tl,ft b aiti .es of a so. latiou. to provide for an
increase of their c p ml. and of ihe number
ol the associates from time to time as they mav
flunk proper. J
, '^r 0 - '*'• rilnd be It further enacted by the ou
t>onty ajoresaid. That contracts made by nnv
s-neh associarmn, aud all notes and bills by them
issued, ami put in circulation as money, shall he
signed by the President or Vice President and
( ashier ot such association thereof, and all suits
and actions brought, or prosecuted by or in behalf
of such association may be brought or pnseented
in tiie name of sucli associations, and no such
suit or action shall abate by reason of the death of
any officer or member of such association; but
upon suggestion of such fact, parties may be made
and the case proceed as if no such disability had
intervened. YY rit to lie served on the Cashier.
Sec. 24. And ,t further enacted by the au
thoniy aforesaid, That all persons having de
maiiiis against any Bui h association mav maintain
actions against it iu the name of such association
in like imiDuer; and all judgments and decrees
obtained or rendered against such association, for
any debt or liability of such association, shall he
enforced against the joint property of such asso
ciation until that shall have been exhausted, and
wden that shall have been exhuisferl, then a ainst
the property of the individual stockholders ratea
b ly.
See. 25. And be it further cna-tM by the au
thordy ajoresaid, r l fiat no shareholder of any
sue!, association, shall he liable in Ids mdividu and
capacity for any contract, debt, or engagements,
Os such association, unless the articles, of as«ocin-
Jiou, by him signed, shall hare declared such ha
oiiitv, except as above provided for.
Sec. 26. And be it further enacted, h, the au
brv tty aforesaid, That it shall be lawful' for such
association to purchase, hold, an I convey, real
estate for the following purposes; that is to say.
such as shall be necessary for its immediate, ac
commodation in the convenient transaction of its
business, or such as sliail be.mortgaged to it in
goon f utli, by way of security for loans made |>\
or monies due to such association; or such as I
shall be c ci vcyetl to it in satisfaction of debts pre- I
Mnusly coiitincted in the course 0 f its dealings • |
01 s,! ‘ !l ‘ ‘-hail purchase under judgments or I
mortgages held by such association.
‘See. 27. And be it further enacted hyt.hr au- !
/W, aforesaid, That upon the application of
creditors, or shareholders, of any such associa- 1
tion, whose debts or shares shall amount to five
thousand dollars, and staling facts verified by af
fidavits, or if at any time the sid comptroller'ami j
commissioners shall deem it necessary, either
from facts resting within their own knowledge, or I
irom information, supported by oath, upon tiie m- j
plication of such comptiohcrand Commissioners i
thejuGge of the Sup- rior Court of the District in 1
which any sue], association si,all be located, or be I
doing business, who shall in the exercise of chan- :
eery Jim- notion in chambers, upon a proper case !
made, oruer a strict examination to be made by eir),- !
erof the said commissioners, or any otiicr fit and
proper person, of all the affairs of such association. I
m ,' hp P ur P°*e of assertaininir the safety of its in i
ves meois a „d tiiC jirudence of its management, 1
an the result of every such examination together
ththeopnuonoi such examiner and such judge
the eon, shall be published in sm h manner a» the
5... ■.) l '■ •—' fc h.u-direct; and sliail inakesnch order
m respect to the expenses of such examination and
, nmuat.op, as the principles of justice shall re- ;
kSc . c ‘ Afd be it further enacted bn the. au
thoii y aforesaid. That every such association
shall, on the first Mondays in April and October
m evety year, alter having commenced the business
ot Banking, as prescribed by this act make out
tjansrmt to the comptroller and commissioners in
the form to be prescribed bv them, a full state
ment of tne affairs of the association, verified by
the oath o the I resident and Cashier, which state
ment shall contain :
lsf. The amount of capital stock p-d in. neenr
bmg to the provisions of this act, or secured to be
3d. The value of thermal estate, of the assoc.i
”hat f,oi,ioa i:5 occupied bv-the
3d. The -hares of stoe. held bv such u> ocia
,!o:i wt-.erner abs-dmeiv or as effitutetai
4; CiU! ,r,a. • h 1.1(1 , • . .... ..
tiie muiib'Tand v ,| u , o . ~
. 4th ' 'i be amount oho. it-.: to” he aseocla
ioii, >pec.tying such ;,a arc ■ me, irom monied
ororher corporations or as ocioalions. and, also
•peciivi, . U p . ... | |,_ v ( Is and mort
w'm »“t Jo-i ■ tn-, raid ,hr- ani which in,gi.r
to be iocn.de.! n- t : ,e t omme -riori „t in-sfs.
. ' j! 1 • t - due by suchass
t-'i-i. ily.rigsutii as are payable on i-ema. .
anti such as re due in monied or other r- •».
1 tionsor associations.
6th. Ihe amount of claims xm-t the
I elation, not acl.nowle geo S v it a•••
7tb. ibe amount
evidences ol debt is«acd-.b v sn ,; } -
Bth. The amou.ir • - rh-.' . « -
ciation specifvMu w c, s >: •
or profits sun n its 1 or is
of its dividends de< r
j eriod.
9ih. rhe ayeiaig • amount - -a . mo a h . :t
ring the preceedmg joeuths, w the ! >-•
to. and from the a-sc •. c. ave. o aa,o*:
of specie and desigartr-tv.; l aw much gold, ii.,w
1 *eh silver, m-l how oiur bullion, possessed by
• * ’ at and the amount of
0,;,c i“tes issued by such »«*•><;intior: and pu,
in oil cut. :.op is money, an I oi*f standing -“'-liust
T “° ;1 ' r ~ lation on the first day of each o< t,e r ,-g
--cedtng -ax months.
lf*!i. I’he average amount i.i each man'::
during the preceding six months, da •.
cintion, from a!! the shareholders in dm -;,> c , a
fion also tiie greatest amount due to tne .v-o i.-.
rioo, in each of the precedinjf si> month«, irom
all the shareholders it: such association.
II• The amotii t which tiie capita! of s;,i I a--
FOciation has been increased during the preceding
‘ax montiiSr >1 there shall bivo b. n e.r- .... .
oi sai-l capital, a.ij ihe names of ,:,y persons wh(i
may have become parti-s to the articles ot
association, ,j r ' r|- sy invt withdrawn therrfiom.
a.c" the cut report. It bail be t.;e duty of tiie
c .iuptroilcr r.nd comnii.-sionei.s to consoli; tie the
srve. .:! spring reports so required to be .u do by
tin - sectioo and to eausn them to bed . : J ,' n
a ,i■ wsjiaper, printed in ,|;o cou.ity wiirt- th?
place ol business of such association
ifth-'-" b- one, and in one ot more po: : . r .,-
at tiie seat of Government, ami t n Octobei* re- m t
to be tiansmittp.l to his rxceii -m y ti.e Govern
°r, to be laid before tiie G?ueral A- mbl. • the
exjif-Hfo of such publication ;o be paid bv tiirh as
sociations.
Sec. ad). And be ii further enacted by lhc.au
■ ■ !, 1 hat if any am h c
shall neglect to make out and transmit the state
m tit required in the lust preceding section, lor
fifteen days beyond the period wnen ih- am- is
required to be made, o. shall violate nnv of the
provisions of this act such association may be
proceeded again- 1 aud dissolved by the Court, in
the same manner as any monied corporation may
be proceeded a o aiust anu dissolved.
ec - dO And be it further enacted by th- an
inority aforesaid. Thru if any joition <j the or
emal capital of any such association shall be
withdrawn for any purpose whatever, whilst any
debts ol the association remain uns ,tisfic.l; no ,jj"-
vdeuds or profits on the shares ot tne capita! stock
of the association shall tiuTcafter be made until
tliedeficit of capital shall have been made good
either by subscription ofthe shareholdr s, or out
ot tlj c subsequently accruing profit. ,f the
association; and if it shall appear that ;my such
ttivideuds had been made, it si all bo t,v- duty of
the comptroller and commissioners- to tpke'the
necessary measures by injunction or ot! -rwise
for dosing the affairs of the association auddistri
bittnig its propr.it ijainl effects among its creditors.
, °? c * °l* And be ii further enoeted. by the. cu
hinrUyaforesaid, That such association shall be
. ;,e to 1-ay ihe holder of every bill or note nut in
circulation as mots-v, (he payment of which shall
aave been demanded and refused ,lam;.; vs for non
payment thereof in lieu of int. rest: at and after
the rate of eighteen percent, per annum, from "the
tunc of such refusal until the paymeutoi such bill
Oi notes and the damages 'hereon.
, And be it further enacted ly die au
monty ajoresaid. That hgal! settlements between
l.ie chartered Ban!;-; and tiie associations contem
p.afed by this act, - aid chartered thinks sLidl re
cf'ive m payment their own bills and I .H.. of t h e , r
branches.
See. 3.9. Andb- it further cnacicdby :•/ author
ity aforesaid, That the president anti c shiei of
every snen association, formed purstrmi to tiie
provisions of this act. «i:al! at all times keen a
true and correct Ihtoi the names ofthe sh m 'ad
der ot such ;;sss(>ch»iion, at.d shall file a -or ■
of such list in the office of the clerk oi t'fic
Superior Court of toe county where any onicem
su. h r,ssncia‘ut) 4 i uauj Lj located ; and rdso in the
office ol the cot paoier, on the first Mondays in
April and October in every yvww
Sec. -34. And be .If trlhcr enacted by the au
taor. tj J ores a ai. ! hat it shall not be lawful for
any associations formed under the provisions of
t.ns act, to make any outs bill ,or notes of n de
nomination less r»,an SIOOO. to be put in circnla
tiou a- thoi |ay able at any other ji■. e til
the office where the business of the cimm,,
earned on and conducted.
Sec. 35. And be. itfur
thority aforesaid, ’I hat no associa ion ot . ..
authorized to carry the i of .
wider this act, shall, a; my - , for the space m
tlmtv days have on hand at their pi: t - b Us |,
rntss, less than twenty live per cent ' j„
th.- amount of the bilks or notes m crculaiion
as money.
_ Hec. 3l>. An l be it further enacteo ty fheau-' 1
tnorify aforesaid, That the Commission rs con- [
tempiatedby th's act. shall be H ec te tby joint 1
ballot ot both branches of the General Assembly '
fhu'ing the present session, and at every sub.se !
T.iem session thereaftei, and shall be subject to
be removed in the maimer pointed out by the con- i
stitution said commissioners shall bn coii.rnission
ed by the Governor, mid shall, togctlu r with the I
comptroller, take an oath for the faithful dir charge j
oi the duties required by this net, and shad ,1-1
cone ,>1 per day lor each day they shall be actual- !
iy engaged m their duties, to be rateabiy paid by «
sue, association, in the manner herein befor
pomted out by this act for the payment of . xpeu.se. i
■ . 37. -dm, he it further char. ■l by the at
t rority aforesaid, i hat no association of p . r sous
for‘l e [o ,h,S 6h i il l*l' , '‘ lor!ru ' , ‘ : "" i « s “iblisiied
lor,, longer period than twenty veins : /* or,did-
J hat at the expiration of the time limited bv this
sec.,on, it shall be in the power of any association !
to. eorgumze under the provisions of this act it
then m force, or under any other law u Inch a fu
tme Legwlattiw may adopt on the samo subject.
\ran<tr it' A A * U hc ll f urther enacted, That any
translcr oi disposition Ity the VomptroHcr aiuj
--- : a
I co.tmi,ssiir*ers, or-niieroUHein, . . ,. 4> .
iiJttu ti to in to •- - i Ui '
a uiusi t ,
- •*- dii) i ll ’i * #. ; j
iii in »lCt, adt,! 1 •; - • .
j null aud void,
b*®* 36 And •
aer ili i nit „
I “ 1 - - 1 *-• >u |,|J
CC rtlltltt-Ji/.t l i,|f . J '*}•; ,y %) ■ .
S.-.l 1 y.l .... , ; , , **
1 * *'
Ol till \ :i f
*1 j .i. ' us, .!■> i . :, •. .b-. O'. 'G % \
V--I-.1:, 3 S .. Uj ...- j s:n >
i iiACG. i lUe j['i li. t
! Or;i 40. sit,x. Ol c Jatui-'-r . \ } -
' 1 5 ‘ ••Ti; I . :: it ; •* ... if r <-
t >l. iif. -yj rl??irr AA \ ir> ; •
•*-" ' •. ifiiH.Ou ii. i.:. ..... , ;s t
ri. , t.i ye ievo *. - -
-ie a ; 4 i. •.» : e:u 1 ~ ,v. . . , .
'c-. iMidii i. «i • G (fC; ua- t a * ;o
•ii'*i iii.si
-rat .- 4i. A ,-. „r .*. i;;er c..acted ,ay tiie- an
j .liority aiOtts.PO, . u..t cue (itutnu assembly
may ru.my s.m-oquerji sessmn. alter, amaad, or
icpcdi l..is act.
i tilti Ctfc,»yr»,riA Ai\i>L.»L. CUNFKIIENCE
j* l “ e -‘- t l -mm4i tjusc&pai C.i6:eh, v.oavt. u*
4*. -iu-j at ham., .0,1. on t niu.-day mgin 2<*ta r>vo
oi uieir.ocij wita,in u-si jr;it
, livr: limit.,.,-. .. Ine t'ohowmg r, i c iut of
j appointnrc-nis iut un preachers the next year.
• Av.v,5.,.. Ihsr., Jon a W, isHcy. f
’ • \ HiJ . ,j <Ai!' j ,**i?•'»♦*!!.
, Uioer.v . , -o. n . v\Vighf,
: • p r mgueio . j. if icdwar,is, \V. I). Busey.
j J aitoaii; ii. r'. Weils.
j Bav.i h ,v<r a,, to colored p-o-’ ■ r
Go.liroy, i . u i.vls,
j Che,okra iini rlq, to ,t„. Wni. _Quanfot«.
I u.. to do : \. G, id,m.
Iff 1 * 0( G- pe do. io do : 'to be sup-,:
' o do: .1. it-c! tr
At .ls ,\ i . '-v. - :•. all ■ v. ]'. y»
: i.ti, us! i : . u« v . , ■ , ’ ' ‘7
• • -l i ocl.
i v OiU'.iion ; u. W . ] r o i;s.
J Bmcotiitoti . m. v . I>,he.
! vvashitigion ; A. 1 ;*in nn *.
o .nrentoi: . I. ; ■ ■.
i~■ • •
, -iii •: »'» .i . Am: lei.
I ’y - j '• • : ! f nifh, J Y V- •- h
tv ayactsborongu : K \V Story.
Louisville • H q June*.
.Miss’n. to Blacks, Burke; E Whir
At he 5s D;st :W J I> rk , \> r '
Athens: W Smith. ’ ’ “
Lexington: J i! | i ;r . , .>j
£lber,ou : J Jones, A j Jieavers.
XVatktnsville . E Bennett, j J Wi„„
iVladiso:: : J Ste-sga],
Covmg‘on and Oxford .- Isaac Bori--
. .irai-svilJo: A I'enni.i-ton J ; 'v7 ,
V u 31.. C. VuriYov!
->cwion ariu yionroe ;\v n ~ ...
Georgia .Manual Labor Sh "W" > " l ,,
Round, Sup-t WyL
Emory College.- | x tv,,-, VWAent, A U
.and tv Lon • ■
- 1 Bi vant and (■ :
j Kingston 31is7u. to Blacks;’ dm 1 "
j C.mekokek List : Johu \V Cl, pj; -?
. "ksville : K Stripimn. „ nP to v;1 j
r*.; .."., :. J ' “r.i-'.
i all:la Miss n: t; {- |-
Me Uonough: *; \y , r
BanWii..,! l*rrror. V( :;. 3 ‘* J * r,,n “' r '
j ■ g|| - ;i - ■- W Job mb sn >-
Cassviho M;.,.hi. t y- , ,
, „ , , 1 * “ '• l nrbotongh, one. t., he
SUp-|:i:-d.
D-Monegah'Mi-j ’ • r t • ■? , „ , .
V man- I ■ V-" ’ L l ’ ' ■*’ Jr >« •* n
1 nan . j t. onninon.s:
-J ACO.V D;r-i-; ' VI \ ino ! ( J pJv
Macon: L Sueinir.
j Georgia FemaJe Coffey- : George F. Pierre,
H-smem, W || Ellison, i roie.sor, Lcv
; ic K , mi ce, A gent,
j Miuedgevill.a; K > Wfison.
j Eatonton; .1 p I; UIK . iln .
| Chilton and I'lonti, ,]; 0; N ii Fanis, WII
Forsyth : J P J h, ksoit, J Scni.e,
I crry : V. S Wihi;,,,.,. q Cohman.
lhomaston: \v \,'
Zebnlon; if Stearr.s.
PE
* :»iuuibus: A sSpefr,
tJaisuiinri and ’JMlbotton: W D '-hsthews. W
IJ Martin. *
LaGrange and West Point: J B Pmne.
t 1 roof,: i Saiuitbr.l.
(Jrecnvilie; Smiih, <G J
Lumpkin: B B \V Spjvrv.
Tazewell and America.-,: j Oven-, R J Cowart.
Muscogee: \V Mills.
Missionary colored people Chatt'l.omhee : T J
vv ilhur.ison.
TTot-iim Dim P P Smith. f> ]•;
Cmmcy: C Kaitord.
B Msden: D Bird, V. XV ’McAllister.
eUa : J Smith.
Limn: a .1 .YlcPlrprstiii.
■ v aippticd \ pe» •
i-o.t (rallies: M J] \\ Lite, and tir.c to be snp
• plied.
ARinrh m r\-<dp: W T Lcvi*ou.
iiitu' j <-w:, &ud tb'da Mission: -I B J< rry.
s - • A.\h ■ Disc \Y .Choice, p }•;
JBimswmt.: ii [’ Pitchiord, and one tube sup
| ir-,1.
.lao.sonvdle: J H MoCnrver.
Irwin ton : (! S Haves.
Marlon—to |,csupplied.
ITtnvkirsvd'e: .5 j; Mcrsr.
Ahrun:;iia : \\ H } -,H.*
Irwin Mission : C ’j'lnjiell
r lVifair; .T J Taylor. J W Cooper.
.1 W Starr, and.! \v r u ”ey. j>- frunsfci-reS
tO iiiC AirlfJHniU ( Oi (('ITT'C P
Thu next CorT-renee to Le held in Auctisia.
December 11th isad.
From, hie. Aib my Ary us.
[i'rom a letter to his ii.xcelieu.’v Governor
Marcy; dated Ogdetjsbufg, Nov. H.j
\ db.nu J oi, visor, v.;,s vc> lay arrested by
Charles T. Harwell and ]i Jam--?, almut three
nei: S above O-Mleusburg He was traced and
l -and m the woods bv Mr. B. and e r jvcu from his
(iiw-it towards a bay in the river St Lawrence,
where his sou lay in waiting f. r him with a row
boat, ready to co .v. y him awuv. Mr. Jaui«-
however, had get young Johnson* ashore, taking
roust SSl, in of l,is boat, and sec, vied hie urns so as
not to allow a chanccot escape. Old ••'Biii’. rush
cd down to the river. < h.sely pursneo r»v BurwciL
v hero bo was met bv James, iie Taiivu aloud,
my Loaf! my bunt Lie was order 1 bv Mr.
J, to surrender, but Tie declared he never would