Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-03-10
THE MISSISSIPPI UNION BANK.

An Act supplementary to an Act TO incorpo-
rate the subscribers to the Mississippi
Union Bank.
SECT. /. Be IL enacted by the Lsgisld-
ture Of the State Of Mississippi, That as
soon as the books Of subscription for stock
in the said Mississippi Union Bank are
opened, the governor of this State is here
by authorized and required to subscribe
for, in behalf of this State, fifty thousand
shares of the stock of the original capital
of the said bank; the same to be paid out
Of the proceeds Of the State bonds, to be
executed to the said bank as already pro-
vided for in the said charter; and that the
dividends and profits which may accrue
and be declared by the bank on the said
stock subscribed for in behalf Of the State,
shall be held by the said bank subject TO
the control of the State Legislature for
the purposes of internal Improvement, and
the promotion Of education.
SECT. 9. Be it further enacted, That
three commissioners be, and they are here
by appointed within each county in this
State, viz: in the county of Adams, VIM.
b. Howell, Henry L. Conner, and James
Bisland; in the county Of Amite, David
Lea, Solomon Weathersby, and David
Pemble; (the names of the other counties
are here omitted) whose duty it shall be
to ascertain and appraise the property Of
those who wish to become stockholders in
the said Union Bank, as we'll as those who
wish to obtain loans on mortgage, as pro.
yided for in tho charter Of the said bank,
and two of whom shall be authorized to
act; and in the event Of death, inability,
or refusal to act on the part of any Of the |
said commissioners, it shall be the duty of
the managers or directors of the mother
bank to fill any such vacancy by the APP
pointment Of others, on receiving informa-
ton thereof from either Of the other COM
missioners, or from the President of the
board of police Of said county, and that the
provisions Of the thirteenth section of the
charter Of the Mississippi Union Bank, so
far as relates to appointing appraisers for
each bank district, bs and the same are
hereby repealed.
SEC. 3. BE it further enacted, That the
books Of subscription for stock to the mo-
tiOI uAhh ohol W OPcHcu Ut tue seat OIL
government, on giving at least thirty days
previous notice in at least three newspa-
pers published in this State, and shall be
kept open during the space of six months
by the managers appointed to open them,
and the managers shall deposite all the
titles, papers, notes and other documents
in the said mother bank, duly authentica-
ted and recorded asNprovided for in the
charter; and the books for subscription for
stock TO the several branches shall be kept I
open for and during the space ofone hun q
dred and twenty Ays, by the managers /
to open them in the several coun-
ties of this State, by giving thirty days s
previous notice Of the same by advertise il
ment posted up at at least three of the 9,
most public places inleach of said counties. n,
and at the expiration Of said time thew
shall transmit to the managers the books m
Of subscription for the mother bank. the 70
books Of subscription of the stock so taken ";
md secured, together with all the titles di
Ind other documents duly authenticated pc
Ind recorded; Provided, That said books IN
IT subscription shall be opened IN each oh
county Of this State on the same day. iol
SIC, =. Be ii further enacted. That the De