Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-05-19
LIBERTY, May 7, 1888.
JACKSON, May 1898.


GENTLEMEN:--You have been appoint
ed, by the act incorporating the subscr-
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 a copy of
the notice; which you will have posted
up in three of the most public places in
your County, land published in news
paper,kif 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 we'll 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-
scription Of the money received, and the
total amount in dollars and cents, are
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 be done with such sys-
TEN and regularity as to admit Of no
confusion or difficulty hereafter.
The managers or directory of the Mo-
Their Bank, being DESTROYS 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 mall 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 they. desire
it, of taking the stock assigned to the
district respectively: In order therefore,
that no imposition be practlced, it is adj
visable that no individual be permitted to
subscribe who is not resident citizen
Of your County.
AS soon as mortgages and other me-
cessary forms in relation to 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 practiced 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 10 whose care it has been confd
, ed by the Legislature.
J, Should you require legal advice, i
will be readily afforded through the at
torney Of the bank, by whom the title:
to property offered to the bank will be
t rigidly investigated, before the stock o.
9 any Individual is declared by the direc
!, tory OF the Mother Bank.
t The interest of the subscribers, as vel
as that of the State, require that every
. step shall DO Of the most safe and un
. questionable character.
}. It may not be aniss to suggest tina
i if any link be broken in the chain Q
title, the security will be rejected. 4
is, therefore, necessary that those witt
are disposed to become stockholders, shall
examine we'll their title-papers, before
they are sent forward for the decision
: Of the directory of the Mother Bank.
These suggestions are'thrown out tina
much trouble and vexation may be saves
Q subscribers and the board.
Respectfully,
r II ~ nTINNET g