Jenks's Portland gazette., 1802-07-19


fhall bs,desmed TO have vacated his place in
this bank Sixth. That for the well ordering
OF the affairs OF faid corporation, meeting OF
the Stockaolders fhah be held at fuch place a.
they fhall osfed, on the .firR Atonday of June,
annually, and At any Other time during the con.
tinnanes of faid corporation. at iueh place as
fhall be appointed by the Pre6dent and Direc.
tors, tor the time being, by public notification
being given two weeks previous, at which an
nual meeting, there thall be chofcn, by ballot,
niSe Directors, 10 continue in otGee the year
cnfuisg their election and the number Of votes
to which each Stockholder lhall bs entitled,
fhall be according 10 the number Of flares he
ihall hold, in the following proportion: that 6
70 fay, for one ihare one vote, ard every two
ihares above one, fhaI give right to oae vote
mare P,ovided. that no ore member tball have
mere than ten votes, and abfent members may
vot by PROXY, authorized in writing. Sevrnft,
Ne Director hall be ent lied to any emolument
for bis lrrvices bur the Stockholders may
make tie Preiident tuch compensation as may
appear TO them reaionable. Eighth, Not lsf,
than Tx Directors III all contitute board. for
the traniatfon of bufnefs, Of whom the Pref
dent hall always be one, except in cafe OF fck
neis or nec-Hury ablence !. N whio cafe the
Directors prefent maychoole Chairman for the
time being in his aead.-Nintb, A bills iIued
from the bank aforefait and Ggned by the
PSsG lent. hall be binding on fAid corporation
but it thal not be lawful for them 10 iffue any
bills of iels denomination than fve do2ar-
7ensA The directors fhall make hsls yearly di
videuds of all the profits. rents, premiums, and
the interett Nof the bark aforefAid. Ekveatb.
The Director, fhail have power to appoint a
Gather, Clerks. aad fueh officers for car
rying on the 5ulinels Of the bank, with iach a.
larie. as to them ihal feem meet.
Sec. q. Be IL turtbsr endtIed, That the pro
perty OF every individual member Of faid cor
poraticn, veRed in faid corpo, ate funds, ihall
be liable to attachment f,r the payment and
fAsisfadion of his JUN dsbts, or to any o. his
bona fide creditors ia manaer following, name
ly--in addition 70 the fnmmons by law prefcii
bed, 10 be left With the debtor, Ike luminous
ihall be left with the Cafkier of faid bank and
the debtoi's flare or flares in fad corporate
funds, together wi + Tie interelas, rents, and
profits doe, or growing due thereon, ihall there
by be held to refpond faid fuit according 20
law and all transfers of the debtors fhare in
faid cooperate funds no: noted 10 the bank
books previous 10 the delivery of faid fnnmons,
| ihall be barred thereby, and execution may be
levied on tbs property Of any iuch STOCKHOLDERS
IN faid bank, and his flares therein expoled 10
fale in the Came manner as is by law provided,
where perfonal ehate IS taken by execution
and il fhail be ,he da,y of the officer who ex
tends iueh execution, to leave an attelted copy
thereof with his doings thereon, with the Cath
! Ter of fid ba"k and the purchafer iball
then be entitled to the receipts o. all dividends
| and focks, and to the fame privileges as q
member OF faid corporation tha, The debtos
| was previohly entitled to. Upon any attach
| mem being maie, or execution being levied on
any flare in fad bank,. it fhal be the duty ol
| the CaiheT Of Eaid bank 70 sxpofe the books Of
f4id corporation TO the officer, 70 tar as Teipe6'
! the num5er of fhares fad debtor eay own, and
TO fu nilh him with a certificate under his hand
10 his official capacity, afcertaining the mum
| her of hayes the debtor holds in iaid bank, and
the amount Of dividends due thereon.
Sec. s. lind Be It further enatie3. That one
eighth part of the whole funds of faid bank
ihat always be appropriated TO lolns. 10 be
m ade 10 citizens Of rnis commonwealth, not
reiiicnt in the town of Portland, and wherein
the Directors hlll wholly and excluhsely re.
gard the agricultural interef: which loans ihall
Be made ia fua1s Of not lels than one hundred
a,Hary, nor more than fve bu.dred d7hlar5, and
upon the perfonal bond of the borrower, with
collateral fecurity, by fafficient mortgage OF
real ettate, for etm no. leis than oae year.
and on condition of paving the interea annual
ly on luch loans, iubject 10 fach forfeiture and
right of redemption As by law provided
/ Sec. 6. .4;il Be IL furtbsr sas-d, That any
perfon or perfons, appointed by the Leg natuIe
for the purpoie, iha.l have Fisht'to examine
into the daings of faii corporation, and halI
have r &c aGc,ss TO al their books and vaults !;
and ifupon the report Of the perfsns 70 appoint
ed, il ihal be found after full hearing OF fAid
corporation thereon, be determined by the lie
gilature, thar the fad corporation have exceed
ed The powers herein granted 10 them. or failed
to comply with any oil the rules, reltridions aAd
conditions in this at provided, their incorpora
l,tion fhal thereupon be declared forfeited and