Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-06-23
LIBERTY, May %, 1888.
OFFICE MISSISSIPPI UNION BANK,l

OFFICE MISSISSIPPI UNION BANK,l
Jackson, May IL, 1888.
DEAR Sin: Enclosed transmit the d.
rections of the Bank Attorney, which you
will please scrupulousy observe in ma
king your examination in the chain Of
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 inn
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 TO pay
over the Gay 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 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 a differen! rule of action, be
pleased TO change, so as TO conform
strictly to the present instructions. II
will be an easy matter for you TO cor
q rect any error into which you may have
a fallen; and be assured that in a bust.
J ness of such immense magnitude, II is OF
essential Importance that uniformity and
: system shall govern US.
!, | have the honor to be, very respect.
;, fully, your obedient servant,
b III. G. RUNNELS, President.
is RULES prescribed by tie Bank Attorney
for Me regulation Of land titles to be
y mortgdgedtO the Mississippi Union Bank.
J, LIST. Fifty years possession in the ten
S ant or his ancestor.
A Cd. Patent from theUnited States.
81. Spanish and English grants le-
gally and fully executed
! 4M. Order Of survey from the Span.
: ish Government confirmed by the COM
missoners acting by the authority of
: the United States.
3 5tK. Deed from Indians confirmed by
+ the President.
g 6th. Indian reserves confirmed by the
g President.
$ TN. Receivers receipt for money paid
r to the Government for public lands, ac.
companied with an affidavit that the du-
plicate has not been transferred.
t 9Th. When the certificates of the re-
ceiyer ofthe payment Of money is trans
a fered, the transleree must furnish evil
Q dence that the transfer is according to
S the rules Of the law.
: 9ia. Where purchaser, under the
5 Government, has transferred his title by
a deed or otherwise, and has failed to
transfer his certificate, or in case the
/. same cannot now be transferred in con-
8 sequence Of the death Of the original
Q purchaser, or loss Of the certificate, then
!. certificate Of purchase from the receiv-
4 er will be received as evidence.
r 10Th. In connecting the chain Of titles
0 when no REIMBURSEMENT Of dover ap.
n pear Of record, the fact must be estab'
j. iished by affidavit that the grantor was
E unmarried, or had no wife at the time
j. OF such conveyance, that could legally
claim dover in the estate SO Conveyed
d l1h. The title papers must be accom-
Il panied by the certificate of the clerk oil
i'll the court Of record of the county, that
d there is no mortgage, deed Of trust or
q other conveyance operating as lien on
r the estate, either real or personal, pro-
Ii posed TO be- mortgaged to the bank; or
81 If any such exist state their amount and
T. nature.
!. len Each subscriber must likewise &C
n company his title papers with an atfida'
ii Wit, that there are no Judgments against
3. him in any Of the courts OF the State q
= Mississippi. or in the Circuit Court Of
4 the United States for the District Of Mis-
sissippi, operating as lien on the eS-
f tate proposed to be mortgaged' to. the
"a bank, or If there should exist any judy
nent or judgments, state their cherac-
ter and amount.
May 20, 1888. II