Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1821-01-23

facts, when asCertalned, shall, by the SAID
acting agenls, be faithfully reported TO
the president OF the said bank on the trst
day after be shall have attended (agree
ably to nouoe) at their respective court
houses or seats Of justice, for the pur-
pose of leaning the several sums OF
money lMendcd for the accommodation
OF their respective counties. Provided,
That in all cases where valuations are
required TO be made, the person or per-
sens owning such real estate shall pay
10 each OF The said acting agents the sum
of one dollar tor every such valuation as
a compensation for their services. And
whenever vacancy shall happen in the
first agencies composed OF the numbers
|, ,, and :, in the several counties as
aforesaid, by death, refusal 10 act, DIS
qualification, or Otherwise, the SAID Va
caDcy Shall be Immediately Supplied by
the qualification OF the mex number, viz.
the number 4--and SO on successfully,
as may be necessary, Until the next
general election as aforesaid.
Sec. :. BE il ,further enacted, That
every person or p0rsnns wishing 10 el-
feet loan under the authority 0! this
act, shall be required 10 file written APP
picatlons vita The acting agents OF their
respective counties III which he or they
shall distinctly set forth the amoun of
money requested on loan, with tie de-
scrlpuOn OF security intended to be given,
to Wit: nhc,her ii be OF d real or per-
soma nature; il real, the precise de-
scriptlon and situation OF his or their
properly, together with the value Of the
same, estimated III pursuance oi the
preceding section; lipersonal, the nane
or names Of his o. their securlies---all
OF which applications shall be filed as
aforesaid, on or before the first day on
which the presi 4enl (asreeably to noace)
shall attend at their respective court
houses or seats of justice coasist,n ly
with the acquisitions Of tie Ism section.
Sec. 8. lie il .further enacted, That
not less than mi 'rlty OF the directors
with the president shall constitute a
boaru tor lie transaction OF business, but
II the president cannot attend, his place
may be supplied by any director whom
he may, by wri,l1g under his hand, non-
mate for that purpose. And ii The pre-
sident should die, resign, or refuse 10
act, the directors Shall, in The manner
polGtet out Tor the election OF one OF
their own body, proceed TO the election
ii president, VINO shall continue IN Of
hee, exercise the same duties aud pfiyi-
leses until the next general election Of
president and directors.
Sec. 9. Be it .further enacted, That
tire president aud directors OF the sad
bank Shall have power to elect such OFF,
GERS, clerks, and servants under them. as
shall be necessary for executing the
business OF The institution
Sec. 10. Be 1t .(urther enacted, That
the president and directors of the said
bank shall have power and authority to
procure the necessary notes, books, &c.
TO carry the provisions OF this law into
effect. And the sum Of two thpusauu
dollars Tor that purpose is hereby SCI
apart, out OF any moneys IN the treasury
nor otherwise appropriated and the
auditor OF public accounts IS hereby
authorized and required to issue his
warrant on the treasurer in lavor OF t.
said president and directors, when tb1v
shall have been elected and quallli1G
under this act, for the said sum.
Sec. II. BE it further enacted, That
he ea1h IA nh 81, Isl
the amount Of said capital stock, Of a size
not less than one nor exceeding twenty
dollars, in the tollowins form, to WI:
The President and Directors of the
State Bank Of Illinois promise to pay 10
to A. B. or bearer, the sum of
dollars, with interest thereon at the rate
OF two per centum per aDnum from tho
date hereof, at their Office in Vandalia.
Nandalia, day Of 1872
Receivable at all times, at par, for all
debts due the state or bank, or any coun-
ty in the state.
Which notes shall be signed by The
president OF said bank, and counterslgn-
ed by the Cashier; and SAID president
and directors may choose such device
TOR said notes or bills as they may think
proper.
Sec. IL. BE ii further enacted. That
the president and directors of the said
bank shall be authorized to procure con-
venient buildings, with vaults and all
such apparatus as may be necessary for
the transaction of business and the sale
keeping of the funds and other property
OF the institution.
Sec. Is. Be it further enacted, That
so soon as the notes, books, &C. shall
have been received by the president and
directors of the said bank, the president
and cashier shall proceed to sign and