Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-04-12

The following is copy of The Bank Bill
which has jua passed both Houses Of the Lee
gislature.
IN act concerning The Banks of this
Comm oHiceaith.
|. Be II eHsciCi By The GrRerai .7Vestbig
That 40 much Of any act or acts as may sub.
jet any Bank or Baking company now IL
corPOraied by Law, and 10 actual operation -
Bank, 10 the forfeiture Of its charter Tor fail
ing To pay oT Tedeeml rs notes or debts in spe-
eie, aud which may subject such Esuk or yauk-
ing Company, TO The pay ment of ony damages
or rate of interest exceeding Xix per Cent. per
annum for so failing or refusing TO pay OF ts-
deem rs uoles aud debts IN specie, shall be,
anu the same Is hereby lspcudrd until the
lst day Of April, 1852, and Il any such Bark
or Banking ompsny shall have forfeited rs
charter by failing or refusing 60 psy or redeem
its notes os debts az aforesaid. Tho forfeiture
thereby incurred shall be RENTED. Srd tie
charter Of The Bank, with al the rights and
power therein conferred, shall be aud The
same j. hereby declared TO be iu full force and
effect, 20 all inieuts aud purroses Hsri9,d.
That the amount Of any note or debt due from
sny Bank OF Banking COMPANY, with gal ru-
tefest thereon, may bs recovered ga any Of
the modes Bow auihorized by law.
? Ind bs htrthtr tnsrifd That the notes
0f the several Backs which have been here
tOfoTe required 90 be received IN payment q
lsNes or debts due n the Commonwealth shall
continue To be so received. and tie dtg0.ii,s -
the public revenue shsil cOut,uuf 60 re wade
~ Ihe Back Of virginia snd the Farmtr.' Bark
of virginia. unle.s tire Treasurer. With he
advice Of tie Executive. shau direct oiicf-
wee Ia itspset 10 such receipts ~ dcpo,iics
Or both. 10 the mode now prs.rrilef by low.
3. .1ndbf hGuhsr mac'ef, Ttat ever Bark
IN this Commonwealth nay. from bs ntii pro.
his. declare q aiSiJcud on fs capital stJt 4
uoteXceedink three PES rehium .pfetiau,' Do he
1t Of AUgust nest. hot SHALL make 30 dividend
thereafter; n i shsll tat or refuse 70 psy 80
re- iscm iis notes Ur debts 10 .pecie. every such
Bstk o. Banking Company shall b. bound
sud hsb'e 20 pay interest ihctsna. ~ tie rate
81 ten ger celtum pefanuuri. o. he Ttcoteis3
~ any OF The modes 10 uhirh ibe amount OF
any note 0r debt due from onJ usfA mas. uoH
BE- recoverable by iasi any thing tetsil cor
tanned 10 tl,e contrary notwiihtrueioH
4 Ind D. v fffiher snscic3. That egerf
Back, which sisu avail itself 0fibr PROVISION,
q this act, shalt - regulate De ils bs and DIS.
counts, 81 that the amourt q be- ouDisr3fhr
DE- 1T On The 10 Of Jlnuaty. 1858 sAaUi rof e..
ctcd The amount Of ris DEBT oli.ishdinE or he
IL q January, ls1~ Profitcd, boa ever.
That this seetion shall Doia3rct any Bstk tist
shall before tie 6f,t meBiionsd day. bona
l8s have fsfunisd specie lay mems
. Ind o. q (nfAsr fHaf'sa. 1hst ths Banks
n tbs Commonwealth. 8pfiHs their i1.reo.
si.u ofspfcio psIwents. shall furnish 90 ne
LSrutiite, onus 90 every tso msnihs. fiate-
naHi n their eondaiqn. agreeabiy % ihc pro
Visions ~ ihe fisib seetion Of tsr sci ,t'aa.
iishing general regulations 81 lhe iaeorgerl-
iiou ~ banks, fst.sd ihe 22d 81 Msrch, is31.
aed the slaismsnt stall bt pubif-isd
.gai tt u (asfhsf faasitd That Is shaii hf
the duiy a The tsveFai chartered nsHks %
ihH state rev n opfratior. fo isses ailis az
a0ies q the denoniastinn ol one dollar sui
iFo dollars. 30 az amount foi less ttan iHo,
Hof sore ben four pr csuium ufsa tteir fs.
sperhss espasis. uHtl r.a frt dag ~ Aprl
isJ9 afitf ahich. ihn ssfhoriiy shsi crass
snd dslsrmine. sd u ems such Baak sAsii
hereafter lssge. rs-issss, ~ peg Yut. or rifr
b rag oui 81 eiffulsie, aaJ fui 3 nois or ESQ.
ever fuch bafh thai regF arf ts Hsh't n
iha saas psisa sn4 Pesaiiiss "a if ihis sei ED
aoi passed. asl fgery Sub nose ef bil t1 81
- issusd. na9 hetifnst - anJ siefk efcilfgf.
~ ne rstgsctfs Baokt. aho utY 81 aFpoinf
81 ~ ihsl esfposs ~ ~ Basra q DRssigft.
and thsll BE- 81 bsniing ~ ibe tslklaE coz
Pssy - Y $500 ~ ihs Freshest 81 cssa-