Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-04-25
in .9CT eniIIsd an &C. io7rtrsai saa1,hsr,rsS
banking


See,ion l. Be II enacted by the Legislature Of the
STATE oil Misspsipp, ThsI no person Unauthorized
b. law. stall subscribe to or become a member 81
Or be IN any wsv Interested in any association, ia
sti,uton, or company formed, or tn be FORMED. for
the purpose Of receiving deposi'es, skns discounts
ar is,unc notes. az other evidences Of debt, 10 b.
ospcd OF put into circulation as money, nor Shs any
netsnn unauthorized hy law subscribe To, or become
IN sny way interested IN any bank or fund crested
or To be created for the Ike purposes or either 0.
them.
SIC , he It further enacted, That whoever
shall subscribe to or beerme member Of any suci
company, or interested in any such bank or fund,
shall Forfeit and pay the sum OF one thousand do
lars
sac 8 Be It further enacted. That no IncoFpors-
ted company without being aulhorized by law shall
employ any part OF Is effects. or be in any way in
ercs,ed n any fund that shall he employed Tor the
purpose Of receiving deposi,e', making discounts OF
issuing notes or other evidences Of debt to be loan
ed or put into circulation as money.
Src 1 Re IL further enacted. That any director,
or other agcnt or officer OF any Incorporated compa
nv who shall violate any provision OF the last secuoa
shall forfeit and pay the sum Of one thousand dol
iafs.
Sac BE- Il further enacted. That all notes ana
other securities for payment of money, or the delv
cry of any property made or gwen 10 any such as
Ell nr the purposes expressed the frs, section OF
his act or made or gwen TO secure the payment Of
any money loaned or discounted by any Incorporated
company or ,us affairs contrary To The third section
of lbs act shall be VOID.
Src. 6 Be IT further enacted IhA, no person
81, auon of persons body cooperate, except such
bodies corporate expressly authorized by law,
shall keep any office for the purpose OF receiving de-
poStes or dlScountng notes or bills, or issulDg any
If debt (n he lna mol a circulation
as money. nor shall they issue any bills or promisso-
nv notes or other evidences Of debt private hank
ers for the purposes OF oanng them or putting them
IN eircuSi.on az money, unless thereto specially au
thorlIsd by law.
Sac l. Be il further enacted, Tha, every person
or corpora hon, and every member Of corporahon
who shall conravcne either OF The provisions IN me
last section or directly or indirectly assent to sucA
violation shall firltil one thousand dollars.
SEE s. D. il further enacted, That after nHtl
days IRON and after lhe psssage 2L hls aclA
not be lawful for snj JFfs1Hm fWfsdhs or corpora
tlon 10 pass or offer 10 pass money, bills, proms'
sory notes commonly called ,hnpIasters, or othe
cydrncIes OF debt, issued by any person persons
Or BODY G.. rpotlle not authorized by the avs OF this
State 10 issue bank notes aud any person % offend
inp shall upon conviction thereof before the circul,
court Of The proper county, he fined IN the suEn OF
O. 900 PROVIDED alteay, that nothing IN this act
shall he W construed AS TO exemp, those persons OF
! bodies curnoraie Whn pnav have 'aan"d sncb-hJls
! debt, PRIOR TO the passage Of this act from such he
! bl,tcs, which may be collected 81 any time
Src. .. BE il further enacted, That all fines and
prnaltes herein prescribed when collected, shall be
ia into tie treasury Of The State TOT the use Of the
| literary fund.
! SIC. 10. Iie Is iufihrr enacted, That It shall be
the duty Of the d,lnct attorneys Of the several u
dc,al circuits o bis State, 10 see that the provisions
/ OF this act are nh violated; aud n case of viola.
ton, TO prosecute the offender or offenders to Jus
/ tee.
| Sec H. Be il farther enacted. That II shall b.
the duty Of the Judges Of tie sevora circuit courts
OF hi, State 70 give this act IN charge TO the grams
iur,es or the several counties OF this State.
SIC 70 b. It further enacted, That no holder
Of auy noles W paper, usually called shinplasiers
heretofore ISSUED, shall be considered ss coming
within the meaning or pcfye" OF this act until the
Atb OF July next
sge. 10 Aad be j tr'her enacted. Tha, this sc'
shall he ~ force from and after ne passage.
j. SPFlGHT,
Speaker or ne House Of Representatives
GEO b. AUGUSTUS.
Prcadeu, Of the Senate
Approved Fcby. IS, 1910