Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-07-07
LIBERTY, May 22, 1888.
OFFICE MISSISSIPPI UNION BANK
Jackson, May 12, 1888.

jackson, May l2, 1888.
DEAR Sir: Enclosed | transmit the d.
rections of the Bank attorney, which you
will please scrupuously 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 (2a) two and half per cent
on their stock until the Books Of sub.
scripton, 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-
ation to this matter. If you have pro.
crossed and find that you have been gov
+ erned by 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
rect any error into which you may have
fallen; and be assured that in bust.
ness Of such immense magnitude, it is Of
, essential impol tance that uniformity and
: system shall govern US.
. | have the honor to be, very respect
/, fully, your obedient servant,
:, III. G. RUNNELS, President.
= RULES prescribed By the Bank Attorney
for the regulation Of land titles TO be
: niOrigagedtO the Mississippi Union Bank.
,, list. Fifty years possession in the ten
ant or his ancestor.
Cd. Patent from theUnited States.
Sd. Spanish and English grants 10,
galy and fully executed.
; 4th. Order of survey from the Span.
; ish Government confirmed by the COM
missioners acting by the authority Of
the United States.
5h. Deed from Indians confirmed by
the President
9Th. Indian reserves confirmed by the
, President.
7h. Receivers receipt for money paid
to the Government for public lands, ac-
companied with an affidavit that the du-
plicate has not been transferred.
9Th. When the certificates Of the re.
: ceiver ofthe payment of money is trans
f, fered, the transleree must furnish evil
dencs that the transfer is according to
} the rules of the law.
f 9Th. Where purchaser, under the
, Government, has transferred his title by
, deed or otherwise, and has failed to
transfer his certificate, or in case the
same cannot now be transferred in con.
sequence of the death Of the original
purchaser, or loss Of the certificate, then
| certificate Of purchase from the receiv-
err will be received as evidence.
j 10Th. In connecting the chain Of titles
, when no REIMBURSEMENT Of dover ap-
|, pear Of record, the fact must be estab-
lished by affidavit that the grantor was
) unmarried, or had no wife at the time
1 Of such conveyance, that could legally
claim dover in the estate SO conveyed.
i'm. The title papers must be accom-
$ panied by the certificate Of the clerk OF
} the court OF record Of the county, that
there is no mortgage, deed OF trust, or
J other conveyance operating as lien on
: the estate, either real or personal, pro-
. posed TO be mortgaged to the bank; or
q il any such exist state their amount and
: nature.
, 12th. Each subscriber must likewise ac-
: company his title papers with an affida-
Wit, that there are no judgments against
| him in any Of the courts of the State OF
/ Mississippi, or in the Circuit Court Of
r the UnNed States for the District Of Mis-
! sissippi, operating as lien on the es-
I ,are proposed TO be mortgaged TO the
/ bank, or If there should exist any judg-
ment or judgments, state their charHc-
ter and amount,
\ May 26, 1883. II