Piney Woods planter and Amite union literary reflector. [volume] (Liberty, Miss.) 1838-1838, 1838-03-24
AN ACT
To incorporate the Subscribers to the
Mississippi Union Bank.

Mississippi Union BANK.
SEcT1oN /. Be II enacted By The Legt-
stature of the State of Mississippi, That
an institution shall be established, under
the title of "The Mississippi Union Bank"
with Capital of fifteen million five hun
dred thousand dollars, which said capital
shall be raised by means of loan, to be
obtained by the directors OF the lnstltu-
ton.
SEc. 2. Be IL further enacted, That
books of subscription, for the sum OF fifteen
million five hundred thousand dollars, d.
vided into shares of one hundred dollars
each, and intended to secure the loan OF
said fifteen million five hundred thousand
dollars, shall be opened after twenty days
notice given in all newspapers published
in this state, and in all counties, in which
no newspaper may be established, notice
shall be given by advertisement, posted
up in three of the most public places IN
each of said counties, Immediately alter
the PRONUNCIATION of this act, under the IN
spection of ten managers to be chosen by
Joint ballot, by the Legislature. Said
books of subscription shall be kept open
from 10 o'clock, A. NJ, until three, Z. NJ,
at the seat of government OF this State,
which said books shall be continued open
for the ski ensuing months, and at the
termination of which period of time, they
shall be closed. Immediately after the
expiration of said fern; the directors to
be appointed, as hereafter provided for, or
ma ority of them, shall make a correct
statement Of the said subscriptions and in
case the whole sum subscribed for, shall
amount to more than fifteen million five
hundred thousand dollars, the said direc-
tors, or majority of them, shall deduct
the amount of such excess from, first, the
stock of which sufficient security shall not
be offered, and then from the largest sub
scrptions, in such manner that no sub
scription shall be reduced in amount,while
any one remains larger; and in case the
whole amount of one hundred and fifty
thousand shares shall not have been sub
scribed at the time of closing said sub
scription books, then the said subscription
books shall be reopened on the first day
of March in each and every year thereaf-
ter, under the inspection of directors APP
pointed, as hereinafter provided for; and
the said books of subscription shall be kept
open for the space of forty days in each
year, until the full amount of said one
hundred and fifty thousand shares shall
have been subscribed for. The managers
shall publish, during twenty days notice in
the different newspapers published at
Jackson, Vicksburg, Natchez, Port Glib
son, Woodville, and Columbus, and the
balance of the newspapers published in
this state, notice of the day and place
when said books OF subscription may be
opened The deductions to be made by
virtue of this section shall be fair and equi-
table, and without reference to any parti-
cular place or places, and to be regulated
in the manner prescribed by this section
SIC. 3. BE 1t further enacted, That
books of subscription for the stock OF said
bank shall be also opened at the seat OF
Justice in each county in this State, under
the inspection of three managers, at each
Of the aforesaid places, who shall be cleo
ted by the Legislature, VIZ:
For the county of Amite, i. M. Davis,
William II. Dillingham;, and V. I. Craw-
ford.
For the county of Adams, Joseph Nel-
bert, Arthur Fulton, and Noah Barlow
For the county of Attala, Gordon d.
BOYD, Joel Harvey, and Richard Ross.
For the county of Marshall, @. Kyle,
Byrd Hill, and ---- Randolph.
For the county of Claiborne, Joseph II.
Moore, Benjamin Hughes, Joseph =. Pier
son.
For the county Of Clark, William Cow
ington. Allen McClenden, and Thomas
Watts.
For the county of Carroll, VIM. Blank,
William Y. Collins, and John E. Palmer
For the county of Covington, Jesse Nc,
Afee, Daniel NJ Laurin, and Archibald
Anderson.
For the county of Choctnw, Reuben
Box. John r. Golden, and John Snow
For the county of Copiah, Hardin Burn
lew William Barnes, and Benjamin weeks
For the county of Lauderdale, Epps
Brown, Duncan Calhoun, and John Alex
ander.
For the county Of Jasper, Asa Hart
field. John w. Hendrick, and Seymour
White.
For tho county of Jefferson, J. b. Cole
man, John M. Whitney, and Il. n. fien'
ing. n.
Tor the county of Jackson, Samuei Da-
vis Patrick Ward, and B. Childers,
For the county Of Kemper J. a. Mar