Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-07-06
ny ACT
For he temporary Reii,f Of he Banks
Of this Commonwealth, and for ot6f5

fVF tHc temporary AtNtJ CJ BGe DdHHN
Of this Commonwealth, and for ofifr
purposes
]. Be Il enacted by the General Assembly,
That so much Of ali % aby acts as now do or
hereafter may suhiec' any bank OF banking
company incorporated by the laws Of this
Cnmmonw cath, now m operation, 20 the for
fehuro q he charter fsr failing or refusing 10
pay or redeem us Loies OF debts IN specie, and
which subject such bank or banking company,
for any such failure or refusal 20 the payment
Of ony damages. or any higher rate Of interest
than six per centum per aBpum upon any note
ordeb,, shalt be. and the same are hereby sus-
pended until the first day Of March. sighteen
hundred and thirty-sizht; aad II any such
bank OF banking company shall have forfeited
IFS charter by failing or refusing 20 pay IN spe-
eie any rote o. other debt due from such bank
the forfeiture thereby incurred shall be remit
Ted and The charter Of such bark. with ell
the rights and powers thereby conferred, ex-
eept such portions thereof a. are hereinbefore
suspended, shall be, and The same il hereby
declared 10 b. IN f,ili force and eject, L, al
intsnts and purposes, until the date before
mentioned Proridss, That nothing herein
contained shalt 10 construed a. % preveht
the recovery ~ the amount of aBy note or
debt due from ans bank or banking company.
With legal Interest thereon, in tho mode pre-
seribed By Law.
2. And be Il further enacted. That the notes
n the several banks Whihb have been hereto
fore required 20 30 received in payment II
taxes ard debts due o. tht Commonwealth
shall continue 90 Be so received, and tho dapa
sites u ihe public revenue shall continue %
be made 10 the Bank u Virgins and the Var
mer'' benk % Virgins, until The period here
inbclore menii0Hed. unless the Treasurer, with
Che adtice 0f uie Executive, shall direct other
wise 10 respect % such rccsipis OF deposiles.
or both, in the metc presented by iaw.
,. And 81 q further enacted. That every
back which shaii avail ifssif ~ the progisions
II lhis act, shall 80 requisite be- loana and die
counts AS ih8i ihe whole amount thereof on
Y the first day ~ March. eighteen hundred ard
7 thiriy-oighi shall 90 exceed tho amount on
The isi Day Of ihe present month (lnno,l End
7 ihe North Western Bank may increase h.
I io1us aud discounts o. ttc amount az any aug.
mebtaii1n Of ita rapitsl actually paid in, which
may BE- made under iht authority ~ ths set
entitled, '.An sci Increasing The nankiur capi
lai Of me Commonwealth" paseed Marcel
2ath. eighteen hundred end ihifty-seven; End
ihe ether Hauss ~ this Commonwealth ukaU
moreover fcfraiu frun mak.ng any dividend
lcNcceding six per ccnium per annuin 90 theii
stock until such bank shall have bsu- fas RI.
'sumed speeie poymfuis.
=. And BE- b niubcr enacted. That svcrJ
bank which shall svaii iisr.f 90 the provision.
of this Get, shall furnish o. ere Executive.
once in every two moDths. q statement 81 Ia
Icoudition, on cath q ibc Pres'deni oF Cashier
showing ths changes wh.ch mag have taken
place since the period afarasaid. and ths
amount u BAD and dcabif1I feht which ma,
haFe accrues. of shaH have been ascerfained
end ihe sad statement shall 81 pn1iishtf.
u 5 ne h further enacted, That 90 mach o.
ths psoyfions 81 ne oct sdutlot . au sd, il