Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-08-25
AIBERfY, Msy ga, 1858.
OFFICE MIsslssIPPi UNloN BANK
Jackson, May i2, 1888.

rections Of the Bank attorney, which YOU
will please scrupulously observe in ma
king your examination in the chain 81
titles to property proposed to be mort
gagged to the Bank When persons have
not their chain of titles perfect, it will
be imperative that they shall render
them so before they are sent for the in
spection of the Directory of the princi
pal Bank, for final decision. The sue
cess of the institution, the prosperity Of
the people of Mississippi generally, and
especially Of those who may be the i'm!
mediate stockholders, require that our
action shall be marked with due precau-
| ton.
1t is the sense of the Directory, that
persons shall not be required 10 pay
over the (2a) two and half per cent.
on their stock until the Books of sub
scription, title papers, &c, are sent here,
and finally passed on, and the stock
graduated according to the charter, when
the papers will be returned accompa-
MED with a mortgage, to be executed
by the subscribers, and money paid in;
when, and not until then, will the stock
be declared on, and certificates issued !.
My reason for being thus particular is,
that numerous inquiries are made in re-
lation to this matter. If you have pro-
crossed and find that you have been gov
erned by differen! rule of action; be
pleased to change, so as to conform
strictly to the present instructions. 1t
will be an easy matter for you to cor
rect any error into which you may have
fallen; and be assured that in busi-
ness OF such immense magnitude, it is of
essential Importance that uniformity and
system shall govern US.
| have the honor to be, very respect
fully, your obedent servant,
HI. G. TUNNELS, President.
RULES prescribed By the Bank Attorney
for the regulation Of land titles to be
nOrtgagedtO the Mississippi Union Bank.
LIST. Fifty years possession in the ten
ant or his ancestor.
Cd. Patent from theUnited States.
Sd. Spanish and English grants le-
gally and fully executed.
4h. Order of survey from the Span
ish Government confirmed by the COM
missioners acting by the authority of
the United States.
9Th. Deed from Indians confirmed by
he President.
9Th. Indian reserves confirmed BY the
President.
It'll. Receivers receipt for money paid
o the Government for public lands; ac-
with an affidavit that the du-
'licate has not been transferred.
8h. When the certificates of the re-
,eiver of the payment of money is trans
cred, the transleree must furnish evi-
Ienco that the transfer is according to
he rules Of the law.
9Th. Where a purchaser, under the
Government; has transferred his title by
ICED or otherwise, and has failed to
ransfer his certificate, or in case the
anne cannot now be transferred in con
equence of the death of the original
urchaser, or loss Of the certificate; then
certificate Of purchase from the recev-
r will be received as evidence. I
1Oh. In connecting the chain of titles
'heh no REIMBURSEMENT of dover APP ,
ear Of record, the fact must be estab- ,
shed by affidavit that the grantor was :
or had no wife at the time
such conveyance, that could legally
aim dover in the estate so conveyed.
llh. The title papers must be accom-
atiied by the certificate of the clerk of
le court Of record Of the county, that
Iere Is no mortgage, deed Of trust, or
her conveyance operating as lien on
10 estate; either real or personal, pro-
Jsed to be- mortgaged to the bank or
any such exist state their amount and C
lture.
12h. Each subscriber must likewise &C y
'mpany his title papers with an affida- d
I, that there are no judgments agains- a
m in any Of the courts Of tho State of o
ississippi, or in the Circuit Court OF n
Q United States for tho District Of Mis-. RI
ssippi, operating as lien on the es- d
te proposed to be mortgaged to the n
INK, or If there should exist any judy I
enI or Judgments, state their churac- p
r and amount.
May 20, 1888. 81