The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1809-04-05

In General .asSembiy, March Session, 4. D. 1909.
An ACT to regulate process against
Banks and Insurance Companies, and
for other purposes therein mentioned.
SECTION /. BE h enacted 6y The General
4ssem6iy, and by The authority MereofH is ea-
acted, That whenever final Judgment for any
sum, in amy Court, shall be rendered against
any incorporated Bank or Insurance Company
in this State, execution OH such judgement
shall be issued against the goods, chattels
and real estate Of such Bank or Insurance
Compaay.s
SEc.2. BE t further enacted by the authority
aforesaid, That when any execution which
shall have been issued, pursuant to the first
section of this act, sAal! be by the officer
charged with the service thereof, returned
that he cannot find sufficient property of such
Bank or Insurance Company, whereon to levy
the same, it shall and may be lawful for The
party, in whose favour such Judgment shall
have been rendered, to sue ont of the Clerks
Office of the Court in which such Judgment
was rendered, writ Of scire ./acias against the
President and Directors of such Bank or In
surance Company, returnablc to the next
term Of such Court and on the return there
of, unless such President and Directors shall
make it appear, at the Court to which such
writ Of scire jdcias shall be returned, that
they have not, within their possession nor
control, sufficient property of such corporation
to satisfy said judgment, said Court shall and
may issue an execution against such Prcsi-
dent and Directors, for the amount Of such.
judgement, with interest and cost as for their
own private debt.
SEC. 8. ind be IL further enacted by the
authority aforesaid, That the President and
Cashier Of every Bank in this State, shall an
nually, on the third day of October session,
make return under oath or affirmation, to the
General Assembly, of the state Of their Bank,
stating the amount Of their Bills or Notes in
circulation, the amount of specie in their
Bank, the amount of deposits, the amount Of
Bills ofother Banks in their possession, and
the amount of debts due to their Bank, which
return shall bear date within ten days next
proceeding the third day Of the session to
which such return shall be made, under the
penalty of five thousand dollars, to be recover
ed by the General Treasurer, by action OF
debt, to and for the use OF the State, before
any Court proper to try the same.
SIC. 4. md be IL further enacted That
the General Assembly may at any time APP
apo. a-committee from their own body, who
'shal have right to inspect such general ac-
counts in the books of the several Banks in
this State, as shall relate to the return re-
quired by the third section Of this ace@ Pro-
Uided. That this shall not be construed to
imply right of inspecting the account Of
any private individual or individuals with the
Bank.
SEC. S. .hnd be IL further enacted, That the
total amount Of the debts which any Bank in
this State, shall at any time owe, whether by
bond, bill or note or other contract, shall not
exceed their capital stock actually paid into
said Bank, over and above the monies actual
ly deposited in such Bank for safe keeping
and in case Of excess, the Directors under
whose administration il shall happen, shall be