Litchfield enquirer., 1840-06-18
LAWS OF CONNECTICUT,
PASSED MAY SESSION, ls4O.

stock Ot any bank m this state, that transferred hy person in trust for such bank, or is held in trust or owned by any other banking incorporation, shall be voted on at any meeting of the stockholders of such bank.
 Sec. 9. Whenever by the charter of any bank the number of shares of stock in the same, be held by any person, copartnership or corporation shall be nmlted n any Of the stock of such banks shall be held m trust Tor any person, copartnershiP corporation, s9ch number only of said shares held in trust as aforesaid, shall be voted upon, will, with the shares held oy such person, cOpartnership corporation Tn ms or heIr own name, equal he number so limited by such charter. Any person who shall vote upon any shares of stock in any bank, in violation of the provl snns ot this act shall be disqualified from holding any office in such bank for the term of one year there after. I..-
 Sec. 3, No person shall be entitled to vote at any meeting o the stockholders of any bank Tn ths state, the attorney, proxy or agent of any other person, copartnershir or body polite, without power for that purpose duly executed and on which power shall be indorsed the oath or affirmation of the person of the body polite, granting such power, in the words following, to wit do solemnly swear tor at1rm as the may be) that am, (or that the copartnership consisting Of myself and are; or that the corporation known by the name of is, as :he case may bel truly and in good fath the owner Cor owners the case may bel of the shares in the cap tai stock of the bank o Jas the may be)specIhed in the within power ct attorney and that no other per son has any interest in said shares directly or ind- rectlv, except as stated in said power" which oath affirmation may be taken before judge, justice of
 
 and whenever at any meeting of the stockholders o any bank in this state, it shall be claimed by stock holder any other stockhoder has right to vote the stock on which he offers to vote, such stock holder shall not be permitted to vote on such stock until he has lodged with the presiding officer of sad stockholders meeting, affidavit by him subscribed made in the manner prescribed in the foregoing sec ton of this act except that Tn lieu o the woros as stated in this power used in said section the stock, holder offering to vote shall state the character and amount of the interest Gf any) owned by any other person, copartnership body polite in such stock
 Sec. 4. The directors collectively of any bank in this state shall not he indebted to such bank on notes and bills discounted at such bank for their beneh or s s osne rd actually paid n pr0Uided hODeUer that nothing here in contained. .sha be so construed to extend or n crease the amount for which any director ot any bank may he indebted or liable to snch bank, as the same is limited by the 3d section of the in addition to an act entitled an act concerning banks. passed in che year 1898 and no person not resident ot thls state shall be eligible qualified to act as director of any hank in this state.
 Sec. 5 Re tt further enacted, That the first section of an act, entitled "an act relative 10 incorporated banks" empowering the several hanks in this state to issue post be, and the s hereby repeal ed. CHARLES J. MCURDY, ..
 Speaker of the House of Representatives
 CHsRIEs HAwLry. President of the Senate WILLIAM W. ELLSWORTH. An Act in addition to an act, entitled An act to incorporate the Jewet City Bank.
 Whereas the bank commissioners have made their report ths General Assembly, showing that the d; rectnrs of the Jeweu City Bank, are so managing and conducting the same that the interests ot the stock holders as well as the security of the public, are en- dangered Therefore.
 Be enacted 6v the Scnafe and House ef Representa- fiUes, General Assembly conrened, That the bank commissioners be. and they hereby are, authorized to cnll meeting of the stockholders of said Bank. at such time and place said Bank commissioners shall direct they giving public notice thereof by adverti- k1 m u he now Of Norwich, St which meeting. spch 0ckholders shall he, and they hereby are authorized 10 appoint not than eleven nor less than nine directors nf sad bank, who shall he authorized to enter upon the per forInance of the duties of such 0tce and that upon such appointment, so made as atoresald the powers ct the present directors of said bank shall cease and they shall longer have authority to net as such ex eeptng 0niv fhev shall be appointed al such meet. ing o said stockholders. so .o he held as aforesaid.
 Sec Bel/urths, enacfel That t in the opinion pn, of the Bank Commissioners the public or the stock holders offhc Jewett City Bank. are. or at any tune hereafter shall be in danger of being defrnuded by the nlismanaeement of said bank and its funds, by any person. or persons, having the direction or control thereof. said Commissioners the Attorney ot the State for the county of New London, on the iniorna- tion of said Commssioners, shall forthwith. prefer complaint to the Superior COnrt for said County, If Tn session, or Judge of the Superior Court in vaea- ton, stating the grounds of such complaint and pray ing said bank and a persons having the direction or control thcrec. may be enjoned from further proceed irgs in their business either wholly to snch extent as such Commissioners, Attorney on thelr lnforna- rion. shall deem necessarv--and for such farther &C., fIon Of inc Court Judge the exigency o the case may require. And ihereupnn said Superior Court, or said Judge in vacation, may, H It shall appear 10 such Court Judge. he necessary for inc safety of the public the stockholders of said bank, forthwith issne writ of injunction the President. Directors, Cashier and oiheN agents of said band enjonng them from proceeding ciing the business thereoi to such exfen snch court nr Judge shall deem neces- And said Court Judge. shall canse notice oi said proceedings and citation to he issued md served said hank, and the person persons having the di- Tection control thereof ns aforesaid commanding them to appear befre such Court Judge in manner and fr and for the purnose provided n the i4ih sec ton of the act entitled an act concerning banks. and after hearing the parties interested, dissolve such injunction, continue the same and exercise m regard 10 snid hank the exigencv cf the case may in ihe opinion of such Court Judge reqre aI the powers conferred nv the section aforesaid. And whenever any of the powers aforesaid, shn be exer cised hy Judge of 'he Supcri"S Court in vacation the proceeding in said shall he returned 10 the Superior Court for said connv the next following term thereof there o he further proceeded with ID fhe same manner if the same had been originally coE- lnenced in such Court.
 See. 3 Re a further enoeifd. That 90 much of the provisions nf the charter of said hank. as is incons's tent with this ncr be- and the same is hereby repeal ed.
 Sec. And De t urthcr ennefed, That this act shall take effect from the nassare thereof.
 Approved, lure ah, 1940.
 -tI'' -', WILLIAM W. ELLSWORMH An act in addition an entitled an act to incor
 porate the Norwich Savings Society.
 Be enacted hH e Sr,afe and Hoase of Representa- fies n General Assembly conpened That the directors of said society may, their discretion, loan any of the moneys of said society either of the incoTpora- .f sad Savings Society may be stockholders in snch hanks: md no director of said society heinz a