Litchfield enquirer., 1831-06-16

VI A'"slecS' dHu OI tnS Salu JOtnt Board Of Trustees and Visitors.
 May 2lst, l831-Approved.
 JOHN $. PETERS. ] A" Act to incorporate the City Bank of New-Hnven. Sec. 1. Be II enacted, &c.,, That the stock holders of the City Bank of New Haven, ! their successors and assigns, shall be and re- main body polite and corporate. by the ] name of "The President, Directors and Company of the City Bank of New -Haven," and by that name shall be capable in law to purchase and hold all kinds of property real and personal, and the same at pleasure to sell and convey to sue and be sued tn all courts whatsoever; to have and tO use common seal, such as they may devise and to make and carry into effect all such bylaws and regulations as may be deemed expedient fnr the proper management of the affairs of the corporation, not repugnant tO their charter, 1 the laws of the State and of the United States, and generally 10 do and cause to be executed all such acts and things as to them may ap- ] pertain, subject to the provisions herein con- tained. 'sy @a .@tt
 Sec.2. The capital stock of sa i'd Bank shall consist of fvethousand shares, each share being one hundred dollars, which shall be transferable according to such laws as may be established by the directors; that at the time of subscribing the stock to said Bank, there shall be paid in gold and silver, or in bank notes of any bank Ofthe State of c Connecticut,Or of the Bank of the United States, or of the Banks of the city of New " ork, provided they shall then be at par value in this State. ten dollars on each share in said Bank, and like sum on each share therein thirty days next thrreaher. and like sum of ten dollars On each share therein sixty days after the time of subscrib- ing said stock as aforesaid; and the residue of the capital stock shall be paid in at such times and in such manner as the directors shall de- termine Provided, That all such capital stock shall be paid in by the first day of January, 1884.
 Sec. 8. That subscriptions towards consti- tuting the capital stock of said Bank shall be opened in the city of New-Haven on the first Monday in August, 1881. under the superin- tendence of five commissioners, viz-Erastus Lyman, Samuel Tweedy, Charles Hawley. Ralph l.Ingersoll,and Timothy Cowles; or at such other time or times as said commission CTS shall deem necessary and proper. and of which they shall give fifteen days notice in each of the newspapers published in said city l of New -Haven if the subscription to the capital stock of said Bank shall exceed five 1 thousand shares, the commissioners shall re- luce the number of shares to five thousand shares for which it shall be their duty to make all necessary inquiries. and to appOrtioD the shares in such manner and to such persons as to them may appear proper, having regard tO the interest of thr Bank and the accOmtnO- daiion of the public. In case of failure tn pay the first instalmens, the subscription shall be void and in failure of payment of inc se- 1 cnnd instalment, the first shall be forfeited tO the bank and in case of failure to pay any { subsequent instalnent. the party failing shall lose the benefit of any dividend accruing dur. 1 ing the time said payment shall have been de layed. Said commissioners. after they shall have apportioDed the capital stock of said bank, shall immediately call the first meeting of the stockholders, for the purpose of choos- ing directors of the bank, who. when chosen, shall continue in office until the first annual meeting of the stockholders, which shall he held in the city of New Haven, on the first Monday of July iH each year.
 | Sec. 4. For the well ordering of the affairs of inc corporation, there shall he nine direct Ors, who shall be elected annually by the stockholders in general meeting none hut stockholders shall he eligible as directors. At their first meeting, after each election the dl- rectors shall choOse one of their nUmber for president and whenever the place of presi- 1 dent or director shall become vacaDt, by re- sigDation or otherwise. the same may be sup piled hy the choice of the Directors for the remainder of the year. All elections For president or directors shall be by halIOt.
 Sec. 5. A general meeting of the stock holders may be called whenever the board of directors shall judge proper and ten days notice previous to any general meeting. .whelh. er stated O, special, shall be given in news paper published in said city of New Haven, or in such other manner as the directors may order. All stockholders shall be entitled Co vote at general meeting. in person or by proxy, and each share shall bs entitled tO one 1 vote but no share or shaEss ln said bank shall give to any stockholders right to vote. .n- less the same Shsll have stood in hls or her name nn che books of the company at least two calendar months previous co lhs time of | .maf... aNtae Aha nrea a1aafinn