Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-03-17

N ACT TO INCORPORATE TIL
SUBSCRIBERS TO THE MTSSISSI]
PI UNION BANK.
SECTION 1. Be it enacted By the Leeisz,
he fhe State Of Mississippi, That a
btitution shall be established, under tn
be Of "The Mississippi Union Bank,
th a capital of fifteen million five hun
ed thousand dollars, which said capita
all be raised by means Of loan, to b
tained by the directors Of the Institu
bn.
SEC. g Be ii further enacted, Tha
ooks Of subscription, for the sum of ff
en million five hundred thousand dol
krs, divided into shares of one hundred
&ollars each, and intended TO secure the
Dan Of said fifteen million five hun
red thousand dollars, shall be opened az
% twenty days notice given in all news.
@pers published in this State, and in all
Runties, in which no newspaper may be
iablished, notice shall be given by ad-
rtisement, posted up in three Of the most
bile places in each Of said counties, i'm.
diasely after the PRONUNCIATION of this
h, under the inspection of ten managers
DO chosen by joint ballot, by the Legis.
IRE. Said books of subscription shall be
opt open from 10 o'clock, A. NJ, until
Tree, P. M. at the seat OF government of
his State, which said books shall be con-
'nued open for the six next ensuing
honths, and at the termination of which
neriod Of time, they shall be closed. I'm
Inediately after the expiration of said term,
ne directors to be appointed, as hereafter
provided for, or n majority of them, shall
make a correct statement Of the said sub
Scriptions; and in case the whole sum sub
hcribed for, shall amount to more than fif-
ben million five hundred thousand dollars,
ihe said directors or majority of them,
bhall deduct the amount Of such excess
from, first, the stock Of which sufficient
security shall not be offered, and then
from the largest subscriptions, in such
manner that no subscription shall be redu-
ped in amount, while any one remains
larger; and in case The whole amount OF
Dne hundred and fifty thousand shares
shall not have been subscribed at the time
pf closing said subscription books, then
the said subscriptio books shall be re-
opened on the first day Of March in each
and every year thereafter, under the in
spection Of directors appointed, as herein
after provided for; and the said books of
subscription shall be kept open for the
space Of forty days in each yea r, until the
full amount of said one hundred and fifty
shares shall have been subscri-
bed for. The managers shall publish, du-
ring twenty days, notice in the different
newspapers published at Jackson, Vicks-
burg, Natchez, Port Gibson, Woodville,
anu Columbus, and the balance Of the
published in this State, notice
Of the day and place when said books Of
may be opened. The deduc-
tons to be made by virtue of this section
shall be fair and equitable, and without
reference to any particular place or pla-
ces, and to be regulated in the manner
prescribed by this section.
SEC. 3. Be it 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, Z. M. Davis,
VIM. H. Dillingham;, and V. T. Crawford
For the county OF Adams, Joseph Mel
bert, Arthur Fulton, and Noah Barlow.
For the county Of Attala, Gordon d.
Boyd, Joel Harvey, and Richard Ross.
For the county Of Marshall, c. Kyle,
Byrd Hill, and - Randolph.
For the county of Claiborne, Joseph H.
Moore, Benjamin Hughes, Joseph 0. Pier
son.
For the county Of Clark, William, Gov
ington,' Allen McClenden, and Thomas
Watts.
For the county Of Carroll, VIM. Black,
William Y. Collins, and John Z. Palmer.
For the county of Covington, Jesse Nc
Afee, Daniel M. Laurin, and Archibald An
derson.
For the county Choctaw, Reuben Box,
John r. Golden, and John Snow.
For the county of Copiah, Hardin Burn
iy, William Barnes, and Benjamin Weeks
For the county Of Landerdale, Epps
brown, Duncan Calhoun, and John Alex
ander. ," s u
For the county Of Jasper, Asa Hart