Canton herald. (Canton, Miss.) 1837-1839, 1838-03-21

iainrs of ne Niak ~ H'sisslWbl y"
Tina, "A soon as the books ol subscfip w
ton for stock IN the said Mississippi ,
Union Bank are opened, the Governor NY
Of this State is hereby authorized end -
required 10 subscribe for, IN behalf OF u'
this State. CITY thousand shares ul The 7,
stock Of the original capital vi the :,
said bank the sumo TO I've paid TOT oui =,
Of the proceeds of the State bonds, 10 ~
be executed 10 the said bank as nj "
ready provided for in the said charters "
and that the dividends and profits :
which may accrue and be declared 10y "
the bank ON tie said stock subscribed D
for in behalf of the State, shall be :,
held bv the said bank subject to the
control Of the State Legislature, Tor
; the purposes of internal improvement
. and the promotion of education.
, TSections second and eleventh OF
! the act, containing the names OF man
ayers for opening books, and apPraiS'
i, ers of lands, &c. are omitted
Sect. 8. Be ii further enacted, That
V the books of subscription Tor stock tol
the mother bank shall be opened at
,g the seat of government, on giving at
least thirty days previous notice IN at
; least three newspapers published IN
til this State, and shall be kept open
ed during the space Of six months by
or the managers appointed to open themi
&C. and the managers shall deposit all the
or titles, papers, notes, and other docu-
I'm ments in the said mother bank, duly
Gu authenticated and recorded as proVid
he ed for in the charter; and the book
SIS, for subscription for stock to the scye
de- raj branches shall be kept open to
of and during the space of one hundred
and twenty days, by the manager
Amounted to open them IN the severa
counties in this State, by giving th'rt
hat DAYS previous notice OF the same b
, of advertisement posted up at at Iea'
rne three of the most public places IN eac
,ilst of said counties, and at the eXpIratIo
sion Of said time they shall transmit to tn
d be managers OF the books OF subscnpuo
eats for the mother bank, the books OF su
liter scription of the stock so taken al
Mis- secured, together with all the TIT
the and other documents duly authen
the Gated and recorded: Prorided, IN
nsef said books of subscription shall
ship, opened in each county OF this St'
t the on the same day. -,
back SECT. 4. Be It further enacted, II
the commissioners appointed 10
praise the property of those who W
vast to Become stockholders and obt
tv in loans on mortgage, as well as
npon managers of the subscription DO
to the for the said bank, shall SeveraIIy
nsinr and subscribe an oath faithfully
prob. discharge their duty, before any
ed to son authorized to administer an
in the in their respective countess ,
$. and Sect. 5. Be IL further endcfed,
to its the managers of the mother bank
Lynch- furnish the managers OF the suDS'
t;on books in the several counties
form of the mortgages and notes,
invite al other necessary forms for ia
oeoplc. stock and securing titles to prop
S, upon mortgaged. -,
60 rec. SECT. 6. Be ii further enacted,
writ of subscribers to stock IN the SAID I
zen that Bank, or their legal representa-
of sixty may at any time transfer the'
dldates. snectiyc shares to any citizen o
to our State. with the appreciation OF t
left va. rectorv of the mother bank, ant
70 most no person not a citizen OF this
ever oc- shail ever own any stock IN tins
&C how. SECT. 7. BE IL further enacted,
G people the said bank shall never issue II
will, are hills at any one time to an al
zee it in exceeding twice the amount
ant Rem con;tal actually paid in, and tn
Il marty hills Of this bank shall be sign
her flag the president and connters'gn
names of the cashier Of the mother ban
ting the shall be obligatory on the col
according to the face OF the sa
ratio par SECT. 8. BE ii further enacted
lar abou, the resident citizens OF the d'
ling that districts shall be eh'i.'eu .a - :,
aid adopt stock allotted to 'hg T ie'p p,o,
ever else tricts: Prormed' ih'y ~, n
' contend taken 1t WITHIN Que no LUZ :
spubican- twenty days from '1'e e s',l' , H.
,ng them, the SAID books anu a' INV 81,
IDS of the it may be taken oy any y,;o ~
much like this State; ana '4aI po' Don pon
cry or the stock OF the salo un,o' r, nc y
them sus-- subscribed ior on 'he POI c., %
TX Federal as provided Tor IN '.e e ~ -
this act snal, DC 'anvn ' stock
bank, and the subscriptions,
=, ,ho mo,her bank and