Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-05-26


1 Subscription Books, deem itIpropar 10
publish the following Instructions from
the Mother Bank. This " done more
particularly TO call the attention of Sub.
scfibers to that particularly which d
required by the Commissioners in the
County in examining the chain of the
Title deeds Of the subscribers, which will
again be rigidly examined by the Di-
rectory of the Mother Bank, when those
Titles are transmitted to the Parent Bank
at Jackson; should any Of the Titles and
Mortgages be rejected after being sent
on when the Books shall have closed,
the inconvenience and confusion which
will arise, cannot be unforeseen. The
forms Of Mortgages, &c, which will be
furnished BY the Parent Bank, have not
yet been transmitted to US, but we pre-
sumo they will shortly arrive. Although
the Books are kept open for the space
of one hundred and t,centy days, yet from
the wording Of the Charter we think the
Commissioners set specially on Tuesday
Of each week from 10, A. NJ, to 9 o.
clock, P. M, and on those days they will
be in session at the Court House.
0. w. CAULFIELD,
E. NJ. DAVIS,
v. t. CRAWFORD.
LIBERTY, May 7, 1888.
JACKSON, May 1888.
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 u 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,.if one be published in your Coun-
ty,) at least thirty days previous TO tho
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 10 the other.
Subscribers names, number Of shares,
amount paid in on each share, the de-
scription Of the money received, and tho
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-
tenn 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 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 they desire
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 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 scrupulousy guarded in
your operations, to the end that no vi
olatlon Of the charter be practiced by
persons subscribing, who are not bona
tide 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 whose care Il has been confd.
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 DO
rigidly investigated, before the stock of
any Individual is declared by the direc-
tory Of the Mother Bank.
The interest ofthe subscribers, as we'll
as. that Of the State, require that every
step shall DO Of the most safe and I'M