Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-05-12
LIBERTY, May Z, 1898.

ed, by the act incorporating the subscir-
bers to the Mississippi Union Bank, Com.
missioners to superintend the opening Of
Books for subscriptions to the Capital
Stock of said institution.
Annexed you will receive copy Of
the notice, which you will have posted
up in three of the most public places in
your County, (and published in news
paper,Lif one be published in your Coun-
ty,) at least thirty days previous to the
day designated in the notice for opening
the Books for the subscription of stock
required by the charter.
You have also copies of the charter
for your government, as well as cap
ton for the books which you will please
particularly observe. After the date on
the left margin, is column for desig-
mating in numerical order the names of
the subscribers, which number you will
place respectively on the envelope con-
tanning the title papers, mortgage, &C.,
Of each individual, so that reference may
be readily had from one TO the other.
Subscribers names, number Of shares,
amount paid in on each share, the de-
scriptlon of the money received, and the
IoIal amount IN dollars ana -~..s, az
the appropriate heads of columns in which
you will make regular entries. 1t is
expected that you will procure neatly
bound books for this purpose, so that
the business shall DO done with such sys-
tenn and regularity as to admit of no
confusion or difficulty hereafter.
The managers or directory of the Mo
Their Bank, being desirous to put the
institution in motion at as early day
as practicable, have procured messengers
to bear this communication to such of
you, as it is probable the mail could not
reach in time for giving the requisite
notice under the charter, for opening the
books in each County on the same day
as required.
You will observe by reference to the
eighth section of the supplemental act,
that the resident citizens of each bank
district, have the privilege, if theycdesire
it, Of taking the stock assigned to the
district respectively: In order therefore,
that no imposition be practiced, it is ad-
visable that no individual be permitted to
subscribe who is not resident citizen
of your County.
As soon as mortgages and other ne
cessary forms in relation 10 the evidence
of titles to property proposed to, be mort
gagged to the institution, can be prepar-
ed by the attorney for the bank, en-
ployed for that purpose, they will be for
warded to you.
The object of the Legislature in char
tering the Mississippi Union Bank, be-
ing for the benefit exclusively Of the res
ident citizens of this Safeguarding a.
gainst an undue monopoly Of Stock--you
cannot be too scrupulously guarded in
your operations, to the end that no vi
olation Of the charter be practced by
persons subscribing, who are not bona
,fde citizens Of your County and State.
The success Of the institution is Of abid-
ing moment to Mississippi, and much de-
ponds on the vigilance and firmness Of
those to whosec are it has been con6d-
ed by the Legislature.
Should you require legal advice, it
will be readily afforded through the at
torney of the bank, by whom the titles
to property offered to the bank will be
rigidly investigated, before the stock Of
any individual is declared by the direc-
tory Of the Mother Bank.
The interest Of the subscribers, as we'll
as that Of the State, require that every
step shall be Of the most safe and I'M
questionable character.
1t may not be amiss to suggest that
if any link be broken in the chain of
title, the security will be rejected. II
is, therefore, necessary that those who
are disposed to become stockholders, shall
examine well their title-papers, before
they are sent forward for the decision
of the directory Of the Mother Bank