Lancaster gazette. [volume] (Lancaster, Mass.) 1828-1830, 1828-05-27

Which return shall be signed by majority of the
Directors and the Cashier Of each Bank respective.
ly, who shall make oath or affirmation before some
magistrate qualified to administer oaths, and who
shall have no interest in said corporate body to the
truth of said return according to their best know
ledge and belief.
SEC. &c. BE IT. further enacted, That the secre-
tary of this Commonwealth be- and he hereby is
authorized and directed to procure at the expense
of the Commonwealth, printed copies of the form
OF returns required by this act and to furnish two
such copies OF the same to the Cashier of every
Bank which is or may be, incorporated within this
Commonwealth, twenty days at least before said
return days.
SEC. 81 Be It further enacted, That it shall be
the duty of the Secretary of this Commonwealth,
after he shall have received the returns from the
several Banks as aforesaid to cause to be prepared
and printed true abstract from those returns each
column to be footed up five days at least before the
then next session of the General Court.
SEC. 90. Be it further enacted, That the Presi-
dent, Directors and Compony ofany Bank establish
ed by authority of this Commonwealth, on appGca-
ton to the Legislature, if made within one year
from the passage of this act shall be authorized to
continue its operations as Banking Company for
the further period Of twenty years from and after
the first Monday of October, in the year of our
Lord one thousand eight hundred and thirty one,
with all the powers and privileges and subject to
all the duties and requirements of this act
Sec. 90. Be 1t further enacted, That the Legis-
lature at any time hereafter may by general law,
alter and amend this act, but if during the continu
ance of any Bank charter granted or renewed under
the provisions of this act any or greater prvi-
leges shall be granted to any other bank now in oper
alton, or which may hereafter be created, each and
every Bank in operation at the time shall be en-
titled to the same.
SEC. 80. Be 1t further enacted, That the amount
of bills issued by any of said Banks shall not at any
one time exceed twenty five per centum beyond the
amount of the capital stock actually paid in; and
no loan or discount shall be made, shall any bill
or note be issued by said corporation or by any per-
son, on their account, in any other place than al
the said Bank.
Sec. 81. Be IT. further enacted, That no bill shall
be issued by any Bank aforesaid unless the same
shall be impressed from the patent stereotype plate
invented BY Jacob Perkins: Provided, that no
greater sum than one cent shall be charged for each
bill impressed from the class of plate on which is
the fine writing nor than two cents for bill oil
either of the other classes.
SEC. 80. Bet further enacted, That all acts and
parts of acts heretofore passed in relation to Banks
inconsistent with the provisions of this act be and
the same are hereby repealed, so far as the same
might apply to all Banks whose charters may be
extended under the provisions of this act.
In Senate, February 29, 1928.
| Read twice and passed to be engrossed.
| Sent down for concurrence.
PAUL WILLARD, Clerk.