Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1837-11-07

GOatntY, HOG oaUu.eratrN ~ It's dTSITIcl &"
which aid branch was established, WheI
CAerea y not sufficient applications TOR tn
cOuntiEs for which said officers are eS'aO
lished.
Sec. "a. BeH further enacted, Trait to-
fur last years of the time allowed TOT Tux
continuance Of this charter, ShaW De eHc'u'
sivclv emDloved in winding up the affairs
the institution. and that no new loans OF
discounts shall be given or allowed during
the sAiG lqst four years Of the chariot.
Sec. 43. BE il. further enacted, Thst TIE
State sh II BIZ divided Into eight bsnk'nG
districts, in seven Of which said districts
there shall be established branch Of sad
bank, with the capital before provided tor
90 each, for the purpose Of afnrd'ng bank
ing facilities to the citizens of thosc com
ties that compose said d'str cts; tie mo're'
bank shall be required to q the addtlona'
business of one district.
Sec. Al. Be il further enacted, That at
Ger the sale Of the bonds for raj, ng TIE C.
ital of said Union Bank herein b"fC~e p"ovl
ded for, and after the realizing the " 'Cceeds
Of said sale on said IondS, it shall bs the
duty ofthe board Of Citec o, 0f said b:.nE 10
refund and pay oVer o the st.'Sc 'DerS To
the capital stock Of sid bari tie amOunt
paid by them in Gosh on - ID y octs re-
Quircd in the eleventh section O. ms 9Ct,
with interest at the rate ct five ncr cent per
annum; said Iefnndiny % take NJ. &c, end
be made as follows: One-ihiId in thirty
days one-thirtl in sixtV d,ys, snd One-Ihird
in ninety Days er re said ''nle herein
above recitsd ard prov d d o..
Sec. As. Be it jr,rfher enacted, That the
board Of directors Of sad Union BcnS, are
hereby authorized and emPowe'eds 20 tx
such salary or compensation p '"ey may
deem necessary and p uper 70" ihe con MS
Sioners appoin' 81 0y re thir'7er ! sec >'CO
of this act, and to PsS the same OF q the
undS OF said benE.
Sec. 40. Be n .ft.rther enacted, Th9t
when the said Union BarN Shs'l h"Ve gone
nto operation, as provided s. IN ice tw 9l't d
section of this act, tie SAID b. Nh s'l.,H nos
I've required to loan on mO"5Ea &c or sock,
until the bonds ec6ed in the Oh section
Of this act, shall n:Ne been sol i, and tue
proceeds Of sac be lie: 'zed Dy ST bA1E
but the said b,.nk nav loan, def ~ ~
change, discount, and take such secp ,'cT Ps
they shall deem proper, sHd Oh snch tine
as the board of dheC:OIs o. ID 5'nS nay
prescribe: Provided, koTreUe.', Fat tie
lOaHS so TO be mad2, shall IT the s re
rate Of interest as vi cNCFiJrC' e '''iitv.
eighth section o: Ills Ct H. d f-OU'ccd
fUTth:r, That Sid loans hey De msde 10
any citizens of the State.
Sec. AZ. Be il FIR Ter erGct"c T'at fhe
fifth section Of thiS PCT. e eby tref : o.
this State is pied ID or ne "a ut end
redemption ofthe 10 ! con-" u r'5'rI ~ this
act, be referred % g D":st L"gi't > re Of
this State, in pursGe nee o. ,re .'i"th Aec.ica
of the seventh aricle OF tie C I,;';n;i0n;
and that this 9ct be 2 ','isrcd rrd: the
direction Of the GoNs,no in 1t Il. lree
newspapers Of this State, 'or t",ee .rHDths
previous to the next rea0l;-" election: sHd |
tlrat'the act together with thev an" nayS
thereon, be entered on the j0u' nails oe the
senate and House Ct Representative.
JNO. L. IRWIN,
Speaker oftAe House Of Ref' esen'CriveI.
A. 6. McNUTT,
PreSidtrE 0 tire Senate.
Approved, so far as Ne %ction of this
Legislature is recognized-Jauu2w2I 1877.
CHARLES LYNCH.
AN ACT supplemental to an sc; 10 inCor-
p'rate the subscribers to t e Mississippi
Union Bank.
81. Be il enccfed by tee Legislature of
the State Of A1'ssiss;tfi, Thet books Tor the
subscription Of tive STOCK OF S al b 'uk, shall
be opened in Tive county Of De 500, e. the
seat Of justice ''e' 'ot, under he inspection
of Richard &. HANCOCK, Felix LcbeOo", snd
Milton BLOCKER; for I've county Ct I.efsv-
cite, c. J. Butle", !. P. Sneel. and F. E..
Tolbert; for I'VE COMFY of Newton, BID
SaFold, Yames Hudson. James Ellis; TO- the
county of Tippah, Edmond ] B;.ilv, II.
Bowers, and John w. Thompson: fer the
county Of Tisheminso, ThoMas Palse KEYS
and John Rives: as maNa5eCs under the
same rules end regulations Asore prescribed
unr the subscription Of'te stock It sid
bank, in the other couDsies Ct ,hiS state bv
the act to which thisi~ n supplement.
Approved, Nav l3. 1887.