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

& tpr I3rsuSrrs. Dtreanrs anu Gcnpaup Of the
ii. Maine Bank.
Il WHEREAS SAMUEL Freeman and others,
have by their petition 70 this Court fer forth,
Thai they have,fabfcribed to fund for the ef.
nablhn nent Of Bank in the town of Portland,
and have prayed TO be Incorporated for that
|purpole:
4 see I. Be Il suassd t5e Senate and Hsute of
ERrtrssntatiue5 IA General Csurf egsmbied, and ~
[sbe aubority Of the (ams, That Samuel Freeman,
{Thomas Robnfon. William Widgery, Thatcher
6Goddard, Jofah Cox, Ala Clap, James Deering.
<Raph Crofs, James JeSstt, Henry Ticomb
*Iofhua Rcgers, William King j John Deane, Sam
|oel Deane, ifaac Il!ley, Alert Newhal, Abra-
nam Wslfoa and their adociaies, f1cceIors
md aiLgas, lhall be and hereby are erected
md made Corporation by the name of The
<Preident, Directors ard Company of the Maine
I Bank and ihall 70 continue from the fra day
4 cf April next, until the 6rll Monday of Oao-
Der, eighteen hundred aud twelve and by that
name lh1ll be, and hereby are made capable
10 law to foe and be iue plead and be i'm
pleaded to, defend and be defenS>d, in any
court Of recsrd, or any cther place whatever
snd allo to make have and ufe a common feal,
Y aud ordain, eaabiih and put in executian fuch
kby laws. ordinances and regulations, as 10 them
Shll appear naeediry AMI nvenient, for the
[eovernmeat Of the iaid eorper alton, and the
pro lent man lgenent ofihcir affairs. Prsoia.J,
zach by.laws. ordnan. es and regulations lhall
N ia no wife be eontr2ry to tho eonltitut.on an!
Hsws OF this Conmonwsalrb. And the fa.d
Evaporation ihall be always fubjed 70 the rale,,
#rearittions, limitation, and provifons herein
Tpresc,ib ibed.
Y Sec. =. Hrd Be Il jsysbsr enat7ed That the
xaPitai Rock OF iaid cor rpora,ion fhal eonha Of
"a fun not els than one 1aadysd and fly t5oajand
tdsLlsrs, nor more than s5rx hundred ttoafa1l d5k
E}ars, in ipccie, aad ihll be divided into "a sss
Frf one bnndred doikrys each and the Stoekhold-
tsrs, At their BRIT meeting. fhall, by a majority
kpf vores, dete rnsae the amount Of the pay ments
a. hc ma.'e on each hsre; alfo the mode Of
@Gsnsfsrring and diipoGag Of the Rock and the
III Cts thereof, which, being entered on the
books OF f.il corporation. ihall be bi ding on
Rhe Stockholders, their fucceaors and sfhgns
fTsovidga, that 20 money fall be loaned, or
4dfsoann raade; nor ihaii any bill. or promf.
5fory NOES b. iGned from faid bank, Until the
sapital fabicrbed and sauaiiy paid in, and ex-
GQipg in ipecie, il their vaulls, f6all amount 20
isre bandrs4 and. JEfy tsogiaad daA.0s. And the
ia corporation are hereby maie capable in
{l4w, to have. hold. purehife, ceive, po1sf..
zepj y and retain 70 them, their incceaors and
TeE yns, lands, rents, tenemeats and heredita
*eaents. to an amount not exceeding tcveaty hou
6ad dolars, and no more, at any one time,
EFith power 60 bargain, fell and dfpofe of the
Hzme lands, tenenents aud hereditarn nts, aud
tk> 1o~ a 49, ~ az o.
by diirouuting on banking p,.ncip pies, on fach
Iecurties, as they fhall think advifeabe.
See. ). Ho!5e IL farfty snaasd. That the fol-
owing fu'es, limitations and proviiions, ihall
orm and be the fundamental articles of faid
4 Esrporarion. That the fid corporation
hall not owe at any one time, more than twice
<hr amount of The gid and filvsr aStuaily 10
heis vaults, other than fuch a. fhali be ipecial-
depohted therein, for fafe keeping only and
eaf. of any exceis, the Directors, under whole
edm'niRration il ihall happen, ihall be liable
3sr the fame IN their private capacity; but this
hail nor be eonItrued to exempt the iaid cor
poration or any sfate, real or pefoaal, which
1<hey may Mold as a body corporate. from being
Dl(o liable tor and chargeable with fuch ex-
,Pefs.--Sxosd, That the faid corporation ihall
nos vet, uie or improve any of thsir monies,
foods, shattels or effe2s in trade or commerce,
Dot may fsll all kinds of perfonal pledges lods
80 in rhsir hands TO an amount iutficient to re
y tnbafs The fums lo&red.-T1b1d, That the
andA seuements and hereditamens which
kii corporation hall hold, ihall b. only ineh
Is fall be requifte for the convenient traniac,
BON cf It's bsiinef,, and fuch as ihall have been
sna fas mortgsged to it, BY way of ieeurI'y' or
conveyed tot. BY way of f'tisfaaion OF debts
Breviouiy contracted. d.-Fopssb, None but
member Of iaid corporation, being a citizen OF
PRS commonwealth, aud rehdent therein, fhall
y eligible for DIRECTOR or Gather and the
Dreaors lhsll chooie ore of their own members
- act as Pre6dent and the Cafliier, before he
ertsrs on the du,ies.of ms Office. hall give
oouds- Nith two fureties, to.t... fatistacsion oi
Rhe board Of Directors, in a ium not lets than
yfssr fbspla1d at'adrs, with condition for the
*eauhiul diichar2c ot the duties OF his office.
Efg95. No Dretor Of any other bank fhail De