Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-01-26

Auditor. the bonds and mortgages. or stocks
so pledged, shall become an insufficient securi-
ty for the payment of such bills or notes.
SEC. 90. In case such person or partner
ship shall tail or refuse to pay such bills or
notes on demand, in the manner specified IN
the 18th section of this act, the Auditor, at
ter the ten days notice therein mentioned.
NAV proceed to sell at public auction the pub
lie stocks so pledged, or the bonds and mort
cages so assigned, or any or either OF them,
and out of the proceeds of such sale. shall pay
and cancel the said bills or notes, default IN
paving which shall have been made as atore-
said but nothing l this act contained shall
be considered as np ying any pledge on the
part of the State, for the payment OF SAID
bills or notes beyond the proper application
of the securities pledged to the Auditor tor
their redemption.
Sec. 81. The plates. dies and materials
to be procured by the Auditor, for the print
Ing and making of the notes provided for here
! by, shall remain Ia his custody and under his
direction; and the expenses necessarily incur
red in executing the provisions Of this act,
shall be audited and settled by the Auditor,
and paid out of moneys IN the treasury not
otherwise appropriated; and for the purpose
of re-imbursing the same, the said Auditor Is
hereby authorised and required to charge a.
gainst and receive from such person part
nership applying for such notes, such rate
per cent. thereon as may be sufficient for
that purpose, and as may be just and reason
able.
SEC. p. 1t shall not be lawful for the Au-
ditor. or other officer to countersign bills OF
notes for any person or partnership, to an
amount III the aggregate exceeding the public
debt, or public debt and bonds ana mortgages
at their value, rs provided in the | 9th sector
| of this act, deposited with the Auditor b,
md And IN
or other officer who shall violate the provis
ions of this section, shall, upon conviction, be
adiudged guilty OF mlsdemeanor, and shall
be punished by fine not less than five thou
sand dollars, or be imprisoned not less thar
/, five wears, or by both such fine and lmprison
}ment.
} SEC. %. Such partnership shall, on tn
r first Mondays of May and November in eac
! year, make out and transmit to the Auditor
: in the form to be provided by him, full state
r ment of the affairs of the partnership, yer
= fed by the oaths of the President and Cast
Ter. which statement shall contain:
: list. The amount of the capital stock pal
t in according to the provisions oi this act. c
/ secured to be paid.
O Cd. The value of the real estate of tn
d partnership; specifying what portion is occ'
h pied by the partnership as necessary to tt
IT transaction of its business.
A. nership, whether absolutely or as collater
e security; specifying each kind and desert
T. ton of stock, and the number and value
IS the shares of each.
4th The amount of debts due to the par
y nership, specifying such are due from m
in neved or other corporations or partnership
v and also specifying the amount secured
l. bond and mortgage or Judgment; and the
r mount which oughtto be included In the col
e; putation of losses.
h 5th. The amount of debts due by SUI
lie partnerships: specifying such as are payat
m on demand, and such as are due to money
* or other corporations partnerships.
lie 9Th. The amount of claims against t
he partnership not ackno wledged by 1t as debt
* 9TH. The amount of notes, bills, or 9th
or evidences of debt, issued by such partns
he ship.
e. 8th. The amount of the losses of su
IF. partnership; specifying whether charged
# its capital or profits, since its last precedl
e. statement. and OF its dividends declared a
of made during the same period
On 9th. The average amount IN each mon
es during the preceding six months, of the del
5. due to and from the partnership; the avera
O. amount of specie possessed by the same
ring each month. and the amount OF bills 4
lie notes issued by such partnership, and put
mt circulation rs money. and out standing agar
or the partnership on the first day OF each
all the preceding SIX months:
lis 10th. The average amount in each mon
aIf during the preceding SIX months due
by partnership, from all the shareholders in
IT. partnership, also the greatest amount due
'er the partnership in each of the preceding
lily months. from all the shareholders in 81
Ills partnership.
er- nth. The amount which the capital
VI the said partnership has been increased
es ring the preceding SIX months, If there 81
have been any increase of the said capt.
lly and the names of any persons who may h
ed become parties to the said articles OF pc
tly nership, OF may have withdrawn theretr
the since their last report.
I'd; 1t shall be the duty of the Auditor to ca
la the statement required to be made IN
lne section. to be published in a newspaper pr
"; ed in the county where the place of b
hin ness OF such partnership is situated, and
some paper published at Indianapolis; the
re- Pense OF which shall be paid by such p
aS 4