Newspapers / The North-Carolina Star (Raleigh, … / Jan. 31, 1834, edition 1 / Page 1
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xjq. 6 VOL. 221 V "Laws .ot.K CaxaWna, -passeil iftAS33-4. m m nAnrttanilanrA sW lhn W tchinivtAA baa A a I mJt1,.inii...li,..i,..l.., .. Hw,t-"tirfflriroci actoativ nairr in. over mn lbnuuM Mm rionnrrjonn ffnraaT-otmaeriinMorr, james 1 tuallT deposited io the Bank for safe keeninz. If this n a TT't t - v . tk.. 1 " . r 0- , ueonci rianncr, .iinie oicTenson mu maiwcw other enactment her n ronlt on h a tl th A expressing 00 the face of them to be negotiable and payable at laid I1..L .-i 1 M avn . . m . a r. ' a (BY AUTHORITY.) - " Aa set to ettlih the MereWti' Bank 'of the tows of Ktvbern, anil the Al- ' - bemarle Bank, in the town of Edeotnn. '-.'..' 1 J5 it enacted by theGeneTaljseNjf the ' Slate, of Worth X Carolina, and it i$ Jiereby enacted TiaehidhorUy of the "wme : TiUt i Hank shall be established in the town of Newbern, the capital stock of which shall tot exceed td hundred and fifty ihoo tand .dollars, divided iqto shares of one hundred dollar each; and that books shall be opened in the said town, on the second Mon dayf in February in the year of our Lord one thousand eight hand red and thirty four, and remain open for the space ef ninety days, nnder. - oneitHofcttR VV. Bryan Oaten, or majority of them, fur the purpose of receiving sub' tcriptions to the'said Bank... . . -' . ; ,- II. D it further enacted, That one fourth of each share shall be paid, in gold or silver coin, foreign or domestic to (he com missioners above named, at the time of subscribing; that another fourth shall be paid, in gold or silver coin, to the directors, cho sen in the manner hereinafter described within tix,ty days after - the Bank shall have" commenced .boVines; . and the remainder 'shall be paid as aforesaid within sit months after the commence ment of its operations: and if any subscriber shall fail to par the last instalment, his stock shall be forfeited to the Bank, and may te sold fofits uehefift PrerWtcf. that tio'divjdenjLihall be de clared titt'it the whole amount of stock subscribed ahlt,.bejftal seUth"ntd"Ti1 'V or their ttr"ale(;2Si5JSra III. lie it further enacted, That when one thousand snares are subscribed) and the sum of .twenty five thousand dollars is acta I . . ... . . I. ' ,.A.. .- -, .........w.....-.,....--. r..w:. ...J...-. any paiaioine jcomraissioners, me suuscrioers to we mu iiinn, "their sucpisors iM iTiaTf6e7 and made a'corporationod body politic, in law and in fact, by tbenajiieandAljleofahelTrefiideotandirofctofa.of.thftAJerr: ' chants' Bank of Newbern," and shall socootinae until the first I ana DJ we name anu 11110 aiurciwu, inrj auaii.ue, inu arc.nereuy made able and capable in law to have, purchase, receive, possess, enjoy arid Tetaihrto themselverand gncces8orr,-anulr;1enements7 lents, nereaiiaroents, gonos, cnaucia ana enccisy ana me same to sell, grant, demise, alien. or dispose of; to sue and" be sued, implead and be impleaded, atfswcrend be answred, defend and - betided,4ft. coarHf-fecord, or any other places baUoever; -andraliieteakerhavo-and, oseVctHfrtMn aearaml the same to brear atter ana renvf at tncir picture; ana atso to oraara, er 4abHspd "lations, as snail seeni necessary anl convenient for the govern'-' ement f wd corporation r'tnawrtbe ating cmeetingff the atockhol'fers maj be called-in, the tuaaner here' inafter'seecifleds' and cenerally to do'and execuie'all acta!,1 niat ters ind things, which a corporation i'nl bodjr pufjtjc-ri lavr may ' rnr Btwtultii-mwite?nbieirtlo" v wa " 1 - J "F J I C .restrictions and provisions -hereafter prescribed snd-declared. .h IV," it furilur enacted, .That as soon as one thousand shares ,haJlb4aka4a4htockr!olsai44UBka staiment paid, to the commissioners who keep the books, notice thereof shall be given in the gazettes! published at Newbern, and '1 meetmff of subscribers to be held, ten days at least after the Jate of the hotice, shall be called. '".Jf; at his jneetin (hose, or ;1heir agenlS7 who have aTnajottl nereafterescfibed, be i preknt, (if ttot'andtner meeuiif be callerf.j they shall proceed to" tffe election ( seon. directors, wha;:ih8ll "take charge of W the eommissioners, ana immediately pursue the usual and proper means to put the ' Bank in operation; ; ,TIie said directors shall -remain in t (Bee until lhe p.rst Monday in I;cniber, one. thousand -eight hundred and ; thirty four, (1834.) nt votil their successors shall b? appointed i "and, on 3 loo urst ; flonday , iq LJcembcr in each year, or at any tune thereafter, meetings ot trie stocMjia' trs4sliall be' held, an the town of Jewbern for IhV purpose 0! electing directors, inquiring into the alTairs of "the' institution, 1 ? V." Ik it further enacted. That the following rules, restrictions; and provisions shall fonn aod,ba4he'(undaniental articles of th4 Constitution of the saiii corporation: ;.A meeting of stockholders tatihot be held unlessthose' who have si Majority' of votes be 'present, and every act requires' the 'Sanction of a majority of the votes which 'maybe present? erery stockholder bwiding one snare, and not mora toao two, anau oeienmieu 10 one vote; lor every two share above iwo, and not expfeding ten, one vote; fur every three soar- auove ten, anu joi;eiceeuing one ounureu, one vote; and for every Jour shares : above one hundred, one vote. .'AAer the first meeting, do shani or shares shall confer a right af voting, which shall not have been hulden three calendar " . ' . :. 1. i .r . . c. . .i.t. 11... ......u monins preriom.lO me uay Ol vouog. oiocKooiuera acmany resident 10 the State, and none others, may vote at election! and general meettnss by proxy, ihe proxy; himseU being tock ' None but a stockholder, who is a citizen of the State, and who holds twenty five share of the stock in his own right, shall be eligible as a director; and the directors when appointed shall president of said Bank; jnd shall mana'gc.the inatitatioa aa ahali aeem best tir tfiemi unless otherwise dtTecteil by the stockhold era; but compensation to the ''' pre-ildent or directors shall be granted at the pleasure of the stockholders. - Not less than five rv directors.Tif&wiift the wesident hall-ai wavs be one. shall con V Ititute a board for the transaction vf business, except in case of ' 'absence or sickness of the preid,ent when he may, by writing, nominate any otn.er director to supply nis tace. " A-number of stockholders, Hot less than ten, who together -ahsrt jjeihewwneTfo , power, at any time, to call a general meeting of th stockhold era, fur purposes relative to the institution, giving at least twen- 1 jty days' notice in a public gazette, and specifying the object or r objects of such meeting. ', . '.:,?'; '' ? r yv--,'i''f The directors shall annually elect a cashier and such other officers as may be necessary to perform the business of the Bank. These officers shall be required to give boudi. with two or more . securities, in sums not less than ten thousand dollars, with a , condition for good behaviour and" faithful discharge of duty.' " ' The cashier shall keep a book to contain the proceedings of the board of directors, -the names of those present,- the day and ' dale f each meeting, and shall record the yeas and naya on any Suestion, when asked for by a director, -This book shall be evi ence in courts of justice; and on entering on the discharge cf . his duties, the cashier shall take the following oath or aflirraa ' iia before some jfice of the peace, by whom it shall be return ed to the office of the clerk of the County oort, viz. A,B." 'do solemnly swear (or affirm; as the case. may be)1o keep a just and true record, without alteration! or erasure, of, the transae tionsof the board of Jireetscf th Merchant's' Bank of New bern, ina book to be kpt by me for thaiyurje.V' v';-i ' "f; -"No Jirecishall WlirctlyVi toao or- loans, to be made of the Bank, to a greater amount than -the value of hia stock; and in all cases, in addition 1o the usual 'personal security, the stock f directors sh n Ml Von si de red ai a Ej(lSltrei replyment of the money which they aaiay borjow. .The said torporatioa shall purchsse a'od bold only such lands, . tenements, rents and hcrediuments.a shall be..riqttisUe for the i0.8"0'8111. transaction f its bosiuesa, fr. shall have been bona . fid mortgaged i( by way of security, r conveyed to it io sa ttMfactioii t debts." previously tontractrd In the tjour.e of, in pealing, or purchase! at sales jpon ju dements which shall have 3WeffWaioe4Tof iu'efc" eb The aaid corporation shall neither directly nor Indirectly trade "7"" -Tr.;?r p-A, ........ Bank, gold or silver bullion, or in the saleof gooda really Mdlruly I cessarjand convenient, for the government of jaid corporation; pledged for money lent and not redeemed in due time, or of goods which shall be the produce of ita lands, mint certificates, the public debt of the Uuited States, stock of the present Bank of the United Statea, or such other Bank as may b hereafter ea tablished by a law cf the United State, provided the investment in such stock shall not, exceed one half of the capital "stock'of this Bank. Neither shall the said corporation take more than at the rate of six per centum per annum for or upon its loans and discounts; wh?r.h interest shatl-be taken in advance at the lime of discount. The total amount of the debts which the said corpo ration shall at any time cwt, shall not excetd twice the amount n.l atin J ..w.-;h,.r, a r,ffl,) iit .lt at least af;er then ac- or aoy irector as senting to such violation shall be deemed to have committed felo ny, and shall be fined and imprisoned at the discretion , of the COUtt.,--:;' . ... ' f i. . Jf a director shall cease to own the requisite number of shares, or shall die, or resign, the remaining directors shall elect another in his stead, until the succeeding meeting of the stockholders. The stock of said corporation shall be assignable and trans ferable, according to the rule which shall be instituted in that behalf by the laws and ordinances of the same. ' . The officer at the head of the treasury department of the State shall be furnished, once in six months, with a statement of the amount of the capital atock of said corporation, and of th debt dujt to tbe:,jame;"fir;the"m in circulation, and of ih(j cash io hand; and shall have a right to inspect sa ch general accounts in the books of the Bank as shall rdate.itt';4he-said staternent and soas absolu teiy to tra nsfer and vest the property thereof in each and every assignee or assignees auccessiyely; and to Wable such assTgnee or asr.irnees ftf 'brinz ' aT'iTmaTotaTn in "aolTon" Wef e'upo itf his,' her f or their own" name' or names.' AnA 1TlH r ,p6ul,k which ma be issued b ordi-r of said corporation, ire4 by yii! president and couhtersigncil b the cashier,- pronViairiaj tlhiriwiy nnrbf inylO any or td besrer,1 tnoush not under the seal of tion such bye taws, ordinances and regulations, at shall seem ne- and for the making whereorneral me4ioj5s-il the sockhold person, his, her or their order, shall, be as era maybe called in the manner hereinafter specified, and gene rally to do and execute all acta, matters ami things, which a cor poration and body politic in law may" or can lawfully do or exe cute subject to the rulesresulations restrictions and provisions hereafter prescribed- and dec lire (1.-7 XI.II; Jit it further enacted, That as soon a Revenundred and fifty shares shall be taken in the stock of said Bank, and the re quired instalment paid to the commistibner's whu keep the books, notice theteof shall be given in the gazette published at Luenton, the date of thenoticersharr hexaKedr H or their agents,' who have a majority of votes according to the rule hereafter described, be present, (it not, another meeting must be called, they shall proceed to the election of five direc tors, who shall take charge of the books and money in the hands ef the commissioners, and immediately pursue the usual and pro per .meant to put the Bank In operation, v The said directors ahall remain in office until the first Monday in December, one thousand eight. hunded and thirty": four, (J8S4..V Vr until their successors shall be appointed; and on the first Monday of De cember in each Tear, or at any time thereafter, meetings of the. 1 stockholders ahall be held in the town vf Edenton, for the pur- poso 01 electing aireciors, inquiring 1010 toe auairni mi iiisu tutioo, and making such regulations as may be deemed fit and necessary,' -.f.- ? -L-i M Jiqos and provtsions shall .form the fundamental articles of the consti tjUonj not be held unless tlioee who have a majority of votes ho present, i"iWel!M54lOS?o dition to interest at the rate allowed by law. 1 .... in ,1. i! i i a - . ' .1 onsxtu.ea.xft a ..ngra ..w. ins pecung individual with the Bank, except of the directors. 1 I H which rhii i rireseof; every atockholderJioldiug4nft ahare'p4 i.Thebiltiabligatory and of -credit, nnder the sesl f taidcor- not mpre Jhn.two, thall be entitled tosonavote; for ,eery, w6 poratitmifwhich shall be made to any perton ( or peiitnr;!, shall be $hfci tbx)ye two;arfdnnt etceed aasignableby endorsemfents ihereoil, nnder th hand orlhands jpflihree shares aboveieoahdjjot exceeuiai onehondredJ one voti frvmrlrairihrv.beff nehtr ndr rrttni? vnrr; "Afre ma tttr meeting, no ahare or aharet ahall confer a'ftght bt voting wMcn shatt not have Deen hdlderi three calendar months previous to the 1faTel)f votlngt'. ATl sl State may vot,e by p1rqiy, aod M 'nn'tDfther' wavat elections tnd general meetings, provideilMt her or their projies are rtsidentt said C6rpors 1'iob I any order or check on said Hank or Corporation oj any cashierihtreoli ior shall Tulselr alter; oc tkhlJatjeaVt4M iliaf bo falsely altered, or williog - - who is 'a citizen of'rfhft'State: and who holdt ten;tharea of the he Vihdlng and obligatory ona i.tn 4he-4ik fflarie i wnuiiciiij iuike aim eut-p, Yr;r'l. "x?x Per8-vr,prrreietr4.wBefl appoi.ooea.jaailf nmije o,oe m ineip jiproorr wuim were to issued by such private person or per-' ton viz. those which ahall be payable to any signable ,lyendorac,mefcri8"iifce "manner anJ" with lika euect, loreign, bin ot exchange now are; and those which are. pi j able to bear er, shsll be nrgotiable and assignable by delivery -onlv v-'wwwvw .iXV, De iii further encce Tbat ltMoiel6 shall be ...issued by the , said Bank nnder the denomination of three dollars,-And if the (di rectors or caihier shall not par specie, either foreign or domestic, on demand, for their fioes. "IT 1"-t 1 m at 1 m mas 11 fcl-'' " f 'f- ;" . . computed froth the tune of refusal, the holder shall be snt,Ued to six per centum, aa damages." on the. wlxil amount; and the jury, jn case of . suit, jshall give a verdict for ' the same.- AniT : the holder of the bote! of the said Bank; If not paid on demand, , may bring an action of aa j sumpoit" against one -or till of tjio taid direo-; tors, j. who may have constated to issue more than fwice the"; capUat stock paid in'; provided ; r that tWe fiink be not able to nay the amount." XYL, lit it further enacted, That the direct;"..' tors shall be allowed to keep ppen the subscrip, tion nttnKCBntliuie wno tocicDe taken. XVII. ilie it further enaijeij. That if ant director or officer of said Bank 8t'tal, purloin. icmhciilc, :cia' 'iny way. actiauduWiitly witlt- tliei tunus ol sanh mnK. u shall - be deemed ; ;la8hea upon Vw bare hackV;;'f' :;rv.t' 1tajc.S. A V U I.5 ' is ir jumer enacted, - His t -if aoy persnr thattf alseT fnake;:i ft' e. Io ca use. ot rjr cone. to ha.f al se 1 nwi e, forced o JLu sTfcbj&nte'rferteaf mamng, irging or counierttjiunj ny uui or note in imitation of,; or purponiog to be, a bill ' er'Botftisuedty"or rectors of the A'bemarla Bank; oC EJenton.'or , ly ild or a4ist ri ,(alarljr;tirtr1ngr jjlilljju.c; notf issued bylorder of- the ; iald corporatton; or " any order ar check orilsid Bink' or ny cashier . i ooi. inai 11 10 sarjJuiie-,wjiinAmui ua navjiiiie loanv ierso&iiuiii,i w h. tah fi.int i aaui Hinr; anttsnaii ma inereuji'or snail nis: wrretrive wirn intern tai r. ment in like manner and with like effect as' foreign billa of -ex- directed hi ti.ie stnckhblrierfi but compention to 'the president or counterfeited bill or note, pufpoftkig fo be a VI.. lie ti furticr.enactetL' That no note shall be issued bv lheJalwavabene'i. shall eonstilote ilioartf for 'the transaction of bUJtor theck.unon- th tstd Bsn6, or any castiier id Bank tifsdef Ihe deftominatibn rot three dollars And if th aipesa, ercept in easo -of absenc'orckness' of the presidehf,' thereof, knowing; the. same to be falsel forged ' ytmmffiTSMWtSTWe' i&iaovporation may be sued, aud jhU place. .A .Tiufr.bi' ttf ockhalder,wnot taaa than ,ten,i who intent (ii ptsj uter or publish, or at lempt to in addition td interest at the rate allowed by law; computed Irony together, alialfrbeUb!oVpef one hundred sharet or upward s,j past, alter or publisli, ?ai true, liny 'falsely l , the time of refusal, the bolder shall be entitled to 'ix: pei 'cenX shall have.power.at.any time la .call- a JigtBflrtjnettin of,Ab ' ttred bill or note tssncd by 'order of said "Bji-k.' at damaget. on the whole amount, and thejarjr, in case of auit, ateckhuldera for purposes reUtiv to.Hh, jB8ljitfUut,Ky08 at, or any falsely altered order or check, on said thall give a verdict for the aame. And the holder of the notea least twenty days notice In i puhJi szett, ,and specifying Bank, or any cashier thereofr knowing the same ' . the -objec't hr ohjeds'of such, meeting -yTh djf ectorji $1 a to)b,fa.liety altered, wirtv intention to defrautk. nually elecjl, 4 jcasJj!rC.Oi?C)itll cessary to nerformthe .bustnest -nf the. lljnV.ti "Hie .wnctrs fir person or persona, every such fieraoo thall be prdvrded 4hat the Bank be not abl to pay the amount,' . (tball It required to aivo hoods withV tWo of mo and adiudefed auiltv of felony, and be'mx VII. 'Be U further waited. That the direct ors shall1bal&wjso.m not iHs thsn ten,saWuliilars. Wltli a"conditiin for therebf. Convicted by due course of law, shall . etl tokeep opea JhC tu!cripUaJook;j tiybewole ttockgood behaviour and laithrulMliscKkfge' bf iMyTli 'rashier' be Imprisoned. not etvecdins ten years, and shalhbe taked..; ifiUf Wwnii N iV-txi'-m i ' mf:shall k'e?b"'a bobk'td 'contaihNhe',Sreaeuingor 'Uhefcoarf fiowl riot exceeding five'tbousand dollars. ' ' " 11 anosc prcseDif mtj uit -nuui i .. aia. ue u j unner jnacita; mat the nreti-; -Veoord hyMland oayi oaany qaea vJenta or cashiers of the said Banks shall annu - rector-ii iTttlt annlt he.evKlence al't uiT Into tbe Treasury f the Stat fwni ' entering iitfrthaiscUrge of his ve ccott on each there of taid capital stock. ' or the taid tsank, it not pam on qemno; may bring an action! ot assumpsit against one or all of ihe directwswhi nia'yhave copsenifd: -to issue more thatt Jrticethe eapitahttock paidjqJ tbiA. iilUiwinv fl Hi nr Jifiirmatinn tahirh mi, litii hn) iKiAr',Ki.4 rn. ...t - before .torn Susfice ,'t.f the pe.b.f.homptjshjill be re turned inj and the first payment of aaid. tat shall be ' to the office' of thl'crert of the county . courtfcilvi?,i I,,. A. Jl. made twelve montht afterithetaid Bank shall - oo soiemniy swear t, or aiurm; 10 Keep a juki ana true record, nave commenced operstioni. 1 . . 1 , wiihnut.alterationt' or erasure. 'of the trsnsactiorit of the board XX ' Dt it further enacted; That the direc 1 of directors ol the Albemarle Bank,' of Edenton, iii a book to be tors of each of the laid Bankl may declare kept by me for that purpose, t The said corporation thall por- temi annually, dividenda'of the profits Ihr-reoT chase and hold only such lands, tenements, rents and heredita- and if, at any time, more than the real profits be for the convenient transaction of its divided, the directors assentingthereto chtll be pass or receive with intent to pass, or attempt to pass.; the public debt of tbe United States, slock of the present Bank iiuer or puo:isn, as true, any wisely anereu 0111 or note .ot the Uoited States, or such other 15iok as war be hereafter issued by, order, ol said uaon or any stock Banks; bills of exchange; debt on bonds ills counted, tnccifying, in, one item,? the amount due irom stockholders, and jn another the mount due from directors, jiot however .cither a usinj. case; and tU a IX. lie U further enacted. 'Vhit if inyVperson shall falsely r i. - '.. ..r.t.. 1 . . - l i f. -ii Ji.."l mane, itrge orcounierieu, or cause or procure to ue iaieiy mauv, 1 forged or counterfeited willingly aid orlssisMn falsely tak ing, forging or counterfeiting any bill or note, in imitation of, or purporting to be a bill or note, issaed by order of the president and directors of the Merchants' Bank of Newbern, or any or der or check on aaid Bank or corporation, or anv cashier thereof: or shall falsely alter, or cause or procure to be falsely altered, or ; meutt aa shall be renuisite I waiiogly aid or assist in lalsely altering aoy Dill or oote, issued business, or ahall have been bona fide mortgaged to it by way of responsible id their private Capacities ta credit, byrder, of the aaid orpofation,-or-any Ofder-er-cheek ottja taid Bank, or any cashier thereof; or shall pass or receive with contracted in-' the course, of Its dealings, or purchased it uleej 1 XXI, lit it further enacted, That the Wil npon judgments wtiicn mail, have been obtained tor turn debts, dent or presidents ot these, or either of these The said corporation shall neither directly nor indirectly trade j Banks, shall, in the first week in December, in 0 ,nJ ' thing except bills of exchange, promissory notes and each and every year, -transmit to theUeceral bonds, expressing on the face of them be negotiable and nay Assembly a lull statement of tho vvcUuiAn t able at lhe iaid Bank, gold or silver bullion, niint,certificates;tha Bankr fxhibi.yng tbf amount of capitalr notes la circulation; debt due to other Banks," ind to what Banks; deposltes, snd all other . particutari neceery Jte explain the debit side of lhe:ccbunU at&e ipecie on hand; notes of " ' other . Banks: other funds inecificallv rnnnf. for mbneyJenam-rf fedeene44n4 A.ll I.. .Li I.J1-' -L !.!.- I. . ! V ' A ll'.l . ..! I ... -In ....... . ... .' w - anau uc ute preuuee, ,01 ms ibdiis. ( tenner snail me sanj cor poration take more than ( the rate of six per centum perionom I.. . - 1 1 ... 1 1 . . . . ... . ior or upon its inane ami uiscHuntsi wmcn interest snsti oe tanen in advance at the time of di4t ountsTh4olal amount of the debts which the ss I corporation shall at any lime owe, thall not exceed twice ihe aiuooot of the stork actually paid in, over and above the sunt then actually deposited in the Bnk (of safe leep ing. If this or any other enactment herein f ontained be violan lL the dtfectors absenting to auclt vidation ahall be deemed to have coiamitted a misdemeanor, and shall be poouhed by fine and iiiiprisoiMiieii ai mc uiscreuon 01 me coun. ai icasi tnree ci rei toil shall reside in the town of Edenton. one of whom, shall be the president. If a director shall tease to own the requisite number of shares, or shall die, or resign, or remove from the State, the remaining directors shall elect another in his ttrid, ntil the luccteding mfeeiinf of the stockholder! The ttock of said corporation ahall be assignable and transferable itcording to the rules which shall be instituted in that behalf by the laws and ordinance! of the aame. The nfiicer at ,the head f the Treasury Department of the State shall be furr.ii.hed once in six months with a ststement of the amount of the capital stoik.of taid corporation, and!of the debts due, to the same, of the mo ney t deposited, therein 01 dd notes in circulation, and of the cash in htodjianii shall hive a right to inspeitl such general ic cqunts in the ooks of the Hank as shsll relate lo the said state menli P'omdtdM that this thall not bn construed to a fieht of in. specting the account of anr private individual with the Bank, except, a director." The lifts oWi:storv and of credit under the aeal of said corporation, which shall be made1 to any person or Eersoni, thall. be assigrable.by eg doraeroenlstliereon, nnder the and or hands of such person or persons, and of hisher or their ssigtiee or assignees, and so as absolutely to transfer, and vest the property thereuf in rach and every assignee or assignees successively, tnd to enable auch asignee or assignees to bring and maintain an ictum thereupon in his. her or their own . name or names;' jind bills or notes which may be issued by order of said corporation, signed by the president and countersigned by ne casnier, promising me payment 01 money to any .person or person, his, her or their order, or to bearer, thoozh not under the aeal of aaid cornnralinn. ahall h hindinv and nhliiritnrv on the lime., in-like manner.aod with upon any private perton or persons, if issued by. him. her ori" people of that section ol the State ami Jlhem,inhiibtror iheir private or nataralcapacity or capacities, 'elaewlicro will do well to Kiinrdiiainit t! w .wi aui, ariHuuii) in line iuDucr a ii kuj iuiniomwii," tiiLinmrnu . ; ..--!! intent to pass, utter or publish. at true, ant false, forged or coun terfei ted bill or note ournortin? to be a bill or note issuen bv or der of the said corporation, or aoy false, forged or counterfeited , - - , - V r - - - 1 r ar a order or checK upon the said uanK, or any cashier thereot, know ng the same to b- iliy torgei ee countefteitedj or shall pass, or attempt t bill njy falsely altered order orlestab!isbed bf aJaw of the United States, nrnvid'ed the invest cbeck.on sajdBank. or any jcasbier the be falsely altered, with itntenuon to defraud the said corporaliob, of the Bnk7 or in the tale of goods reslty ind tiuly pledged ormuy -omeruoo v imihiic, or nerson or perwns, very sucn person shall be deemed and adjudged guilty of felony, and being thereof convicted by due course ot law, shall be imprisoned "not exceed ing ten years, and fined not exceeding five thousand dollar. ! ' - . X AndbeMfvr&er enacted, That a- Bank shall be established in the town of hdenton, the capital stock of which thill tint ex ceed two hundred thousand- dollars, divided into shares of one hundred dollars each;1 that booka shall be. opened in the taid town 00 the second Monday of February, in the year of our Lord hne'ttousa open for ..the space w ninety dayt, under the tupermtendence of T. J. Charlton, James Gorham, J01.N. Iloskin, Jos. B. Skinner, Jas. Coffield, James C. Johnson and John Cox, or a majority of them, for the purpose of receiving subscriptions to the snd Bank. XI. lie it further matted, That one fourth of etch share shall be paid io gold or-tilvencoin; either domestic or foreign, to the Commissioners above named, at the time of subscribing; that an other fourth shall be paid in gold or silver coin, either foreign or domestic, to the directors, chosen in the manner hereinafter de scribed, within sixty days after the Bank shall have commenced business; and the remainder shall be paid as aforesaid yl" i months after' the commencement of 1tt operatioTis; and il anv subscriber shall fail to pay the last instalment, his stock shall be uiiciicu iw ute uana., onu maj uc iuiu ior us oeneim. -TVOtfiatt, that 00 dividends shall be declared, until the whole amount of stock subscribed shall be retlistd in told, 'silver or their enui talent. , '--......--a..-.:..w--.-.'. -w i-v,., r. . . Ail, m ujunner enaciea, mat wnen teven,hun;red tnd fitty. narea are subscribed, and the sum of eighteen thousand seven hundred and fifty dollara is actually paid to the tommissiooeri, the subscribers to the aaid Bank, : their lucresanrt eni)..tign.t shaTfheVand are heVeby created and madi a corporation and body politic in law and in fact, by the name and ttvle of the Presi- dent tnd Directors f .the Albemarle Bank . of E Jenton;"'1 and shall so conttnoe until the first day of January, one thousand eight hundred nd fifty nine, (1 859 ,) and by the name and style aiui c.siu, tua y anaii uc, oini a,i uci iuj uiauc BUIC anil Capuuie IU law to have, purchase, receive, possess, enjoy and retain to them selves and successors "land, tenements, ren'l,' hereditament!, gnodt, chittels iid efTects,ind the' tame to fell, grants demise, alien or dispose of; to tue and be sued, implead and be implead ed, answet acd be niwered defendiind be defended jn f oerti of record or any ether place whatsoever; and also to make, have aiucirpleaturej Qd txecu- any person a name 10 mount ol rest estate.- . - , , - " r., XX U lit it further enaedd. That if any pe" sidant4irectikr-c abief))rk--ereth'f1?irn of either fof lhc" yoresfiJrjJaijatthaU khow- : '" ingfy anj Witt'u gly make or ctuseto be rnafle,' or connive at making any false return, tsfate. " " merit or( exhibit of the ronditioti of the I!ank either to IheTieasu'rer of the State, to the Wi- lature, to the board of direetors ortothe stock holders,' or to any other perton or persons that may be authorised by the legislature, r liy the stockholder, to receive the auineK such preki. dent, director, tashier,e!erk;rotherofiiccr,and - " all persons aiding or abetting in such deception f Jalse return, shall be liable jtn be Inilicled as for aVisdemrsnor,; in tny f the Superior, ' ' " Couti of thlt State ind on conviction, shall -be fired it the'; itliscretion f the court, and Imprisoned riot exceeding one year, - ":j ; -:4-:.: . " a iw-.1 : -;-v . :; ; sSl i. t f Iorrnzb Dow, iireax-binsr it'-banvniA. ' !., giving tiotire of Ms intention fa IiolJ forth, requested the ladies not to bring their ' children.- He - thought 1t was enough fa"' V bate one crying aloud in tbe wiWerncss, ttt "f' ' a time. . 1 '-eor Counterfeits. We have seen a Trn Tint.' . Ur counterfeit note on tbe Farmers Hank of Virginia, payable at Uicbrnond to C. Gerand, Jclter F., dated April 8tli, 33 1: Tbe engraving and printing are badly cxe ' cuted; but we understand that a larrro imnu. " 1 r.i - . 1..1 . . i . utr o hivjso tuuiiLcricug nave occn Jati lv nut ' i -
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 31, 1834, edition 1
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