The Portland gazette. [volume] (Portland, Me.) 1818-1824, 1821-02-22
AN ACT TO enforce The payment
of Bank Notes and for oiliei
DIlrDOSeS

vi AHttN AhRA~~ @t*N 'E% O'NN'
purposes.
SIC. 1. B. il snssss8G y Re Sfnafs ana H0.s IF Rep
ytsesfsfsVs g. Lsgisisf-s sIerstlsJ iha II any
corp rated BACK With .ais Ssate. ihaii refuse or
neglSd 70 pay demand, y oil or oiiis by flush
back Gued. fush bank ihsil be liable 10 pay 70 the
holder Of iuch bill or biis, after 1hs rate OF two
per cent per month, on The smouDs thereof, from
and after the time OF fuch neglect or retniai: TO
be recovered A. addi,ionsi damages IN any zekioD
againlf iuch bank for the recovery If lsia bal or
bis
SEC Be IL {vtEs, enacted, Tha, No incorporated
Bank 10 this aate, ih2ii ,due sny ol, note, check
or draft payzb c al any place other thso laid Dsnk
,inlels the fame ihzli alto, he face theseci be
made payable a the Bank IHuI1g abe fame. ADD
no Flanx iliar IfIue any bill or noie receivable a
fuca Bank, IA sny o.her manner than by pAymeus
IN fpece.
SIC 8 Be- farf5sr ensass. That every ncor
pora e. Bank WI hin 5his ota.e, which Ia. haed or
1hall Hue zuy bi. noe, check OF graf, Giabe
in anv o.her nanner .han oy P@yInea. ~ fpscie,
or pzys 5ie any place Other has he ace where
fuoh Bank Is oy law ei.s thed zne kept, illa oe
lat G 20 pay the fame "a lpscs 80 The ho.deI he cot
on demand at faid Bank ~i,hous previous demand
at the Bank or pace where the fame 10, on the
face of luch bii, uofe, check or q ATT, made pay
able Ana If the Bank which fued The lame ihall
Neglect or refuic TO pay on demand made as atoTe-
faa, any oili noe, check draft ,such Bank fhzil
be liable to pay to he holder she cot he lame pen
allies A. are provided in ana by The hrh lection of
chs ACT. P,svidss 5ssserey, tszt nothiDg herein
CONTAINED, fhail extend TO any check or draft
drawn oy tue Proficient Gather OF amp Bank
wi.hn this State, or aIy ether incorporated Bank,
either within without this State, ter any ium
en- eeoing one hundred collars bui al pch che Ks
or drafts ihs rlt be preieused Tor psymsnt Al he
Bank on which the fame ihali be dr.wn and ~
detauls Of payment, the holder ihsIl be entitled 10
recover sgzInl he Ba1k which ihued the fame,
che amount Of iuch check or draft with two Per
cent. per month on the amouat thereof frsm and
after the time v hen sueh check or draft fha have
been refuied pay ent, a additional damages IN
any zctioo agaait fuch Bank for the recovery oil
ineh cheek OF draft.
Csc 4. BE fsrfb1 snotssd, That no Bank or
banking company wn. ever, ~ithn this olaSe, thaii
al any time make idus aay bill or oils whatever
wherein fractional par, IF a dollar il expr efIed,
under penalty Of che HUNDRED dollars for every
bill 60 made and psdel, to be recovered by action
of debt in any Court proper to ty the iame 10 the
ule Of the perion who ibsn iue therefor.
SEC 5. Be a (svfbss enacted, That the PRECEDENT
and Directors Of all the Banks, which now are or
may be hereafter Incorporates in this State ihall
have the power 10 lue and emit biIs OF the denom-
ina,ion of one swo and three dc,lsrs 20 the amount
OF twenty FIVE per cen'um of theIr capital Gock
actually paid in, any thing In their REFLECTIVE set,
of ipcorpor alton 70 the contrary notwlthi.anding
January "a, ls2i-Approved
WILLIAM KING.