The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1818-03-18
BANK Law.


State Of Rhode stand and Providence
t Plantations.
In Geneyal Hsssmbfy, February Session H. u
1918
AN ACT reloting 10 incorporated Bank 10
,his State, and in addition TO ,he sac, 10
regulate process against Banks and la'nI.
soce Conpaoics and for other parposes
,,he'eiD ncnti ,oed
CEGrlON 1st--Be tt enacted By TIC Gcaerqi \,
~ sembiy ami 6y the duthsrity hcreof a. 20 sn Ic!ed
rhst ALL debts bond fde due 10 any Incorporated
Bank in this STATE, bs lond. bill note, duy exe-
cuted or endorsed with an express consent IN "n,.
ing that the should be negotiated IN Nfid Bank,
OF on any bill of exchange accepted, shaii be coV'
cradle in the following manner. VIZ copy oi The
bond, bi, note biIl of exchange, ual be annex
ed 10 the original writ which writ shall issue Al
least six days before the sitting OF he Court 10
which II is made rvturnahe from ,he office ~ ne
Clerk of either of the Courts Of Comnon Pleas os
Of the Supreme judicial Court, ia eith-r of the
counties in the state, and the proper officer 20
whom such writ shall be delivered, shall thereon
sttsch goods and chstes or real estate, OF the d.
tcndaGt or defendants, equal in amount Ia the dam.
ages lid in SAID writ, and for wan, Of such goods
thauels or real e.tate shall arrest his or their bod'
les and said writ shalt be returned into the SAID
Clerks Ofce,sx days before thc si,ng Of the Court,
and be cred on The docket lhe second Iay Of
the tern thereof, on which said day h defendant
or defendants may he his or their answer thereto,
sal at tbs same term ot said Court, final judgment
shall be rendcrtd in said case, and Sxs ION shall
issue the con, according to law towards satisfying
which execution (unless the same shall lie Otherwise
salisfed) The property attached on The oigionsi wrt
shall be from the date Of the attachment, consider
ed to be pledged, aud shall continue 10 lie held liza
ble and before sale shall be advertise according to
law
Sec 9 .9na be il furfh.r enacted, That all deb's
(sntn eA Nlki m hic fafs hv
boad. bill, note. check or bill oi exchange, shall,
upon being regularly protested for nent, al
ter prCsentmept FOR payment at said Bank, IN the
usual Bank business hours, he recoverable N
the following n,anaer COPY OF the bond, bill,
note. check, or bill Of exchange, shall be annex.
Ell to the original writ, which said writ shall be
in the saInc form, aud the same proceedings there
on, in al, respects shall be hai. is provided in
the foregoing section And tile proper officer 10
whm such writ shall be delivered. shall thereon at
tsch goods and chattels or real estate ut the Bank
against which The writ shalt ssue, cqua. in amount
to the damages laid in said writ, and tor want of such
goods and chArteIs, or real estate, TO suici mt
mount, shall also attach the goods aud chauels or
real estate of all, any or cther OF the individual
persons who sbal c,e time uf the protest. be the
President aud Directors OF such Bank, and for want
OF such goods and chattels, or real estate shah
rest the bodies OF said persons or such of them as
shall he found in his precinct. and IN case judgment
shalt b. rendered against said hank the Court ren.
dcring the same shall award in damages the amount
OF such bond. bll note check, or bill Of exchange
and interest. from the date OF the protest sforesad
provided, that the said President and Directors,
whose individual property may have been attached,
their bodies arrested, shsi have liberty, all or
either Of them, to plead in answcr to said action
that the nonpsy of the de b, debts on which
the said writ issued, occasioned by the inability
OF the Dank pay the saine and that such inability
was produced by the destruction loss of property
OF SAID Bank, by means of the public enemies. or
10y IRE. or Hood, by robbery, or theft, or EARTH
guakcs, or hurricanes, which said plea being sa,is-
factorily substan,atcd shall constitute good valid
defence TO said action, SO far said President and
Directors by this act rendered liable in their in
dvidual capacities, and no further Provided fur
thcr. that when any Director, including the Prssi-
dent. shalt have paid more than equal proportion
Of any such debt and damages. as aioresaid, com
putting said proportion by the number Of Directors.
including the President, such Directors shalt have
his remedy over again any and every those Direct
ors who shall have paid less than such proportion.
Provided also. that whenever several actions be-
tween the same parties shah be brought before the
same Court, at the same term, upon demands which
might have been sued for in one action, the Court
shall have power TO allow in of said actions
only
Sec, 5 ind be n further enacted. That in case
an, such Bsnk .ga'ps whom judgment shall be rcn
dercd aforesaid shsl. tor the space Of thirty days.