Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1840-09-19

ceeds twenty per cent. of the amount Of the capital
actually paid in, the excess shall be pail into the
state treasury.
SIC. 10. 1t shall not be lawful for any bank
within this commonwealth to purchase and hold
any bunk or other stick, except their own, or the
stock of this state, of the United States, and the
amount Of such stock purch ised and held. shall
al no time exceed ten per cent. of the capital stock
of such bauk actually paid in.
| SEC. H. That from and afier the first day Of
January next, every bank within this common
wealth shall receive at par the notes of all the char
tered specie paying banks within tho same, aud no
bank shall pay out at its counter any thing but its
own notes or specie.
SEc. l2. No bank shall issue notes in the form
or sntudc of bank notes, pay able ut former day,
usually called or dcnominaled POST notes.
SEc. l3. Provides for monthly statements by the
banks.
SIC. ID The stockholders of each and every
bank, savings institution and loan company in the
commonwealth, shall be personally liable for the
redemption Of the bills and notes, and payment of
the just debts of such bank, savings institution and
loan company; and such personal liability may he
enforced in the manner lrescrb d in the sixth Sec
tion ofths oct. And it shall be the duty of the PR
sent cashier of every such bank. savings insti.
tuition and loan mpany, on the first Mondays of
January, April July and October in each year, to
of their respective counties, a complete list Of its
stockholders, with the lumber of shares held aud
owned by each, which said list said pro,honotAry
shall file in his ilice without charge, su ec to the
Inspection Uf all PERSONS for the foe which is now
paid for search.
SEc 10. That if any banking institution, loan
company or savings institution sh al, when not re-
deeming their notes and Liabilities H. specie, declare
any dividend of profits or alleged profits among the
sockh ders, the declaration payment of such d.
sijend shall ipso fac.o work IA forfeiture of the
charter.
SEc. l6. No director or any other officer Of any
bank, shall directly or Indirectly procure any loan
or discount therefrom, aud ne loan discount shall
be made iy any hlnk, except by the board of drec-
tors majority of whom shall be necessary to con-
sthute quorum for that purpose.
SEC. H. Provides further Ienslties against the
Violation of the act III relation to small notes.
Ssu. ls. The wilfu and delibaraie false swe Iring
by any officer or other person. touching any state
men made or other duty enoined by this act, shall
be deemed perjury, AID punish .ble such; bu,
the solitary confinement in any such shall noI
bc less than one nor more than six Years.
Sic. 10. The provisions contained in the fore.
going act, shall not be construed as legal Zng the
susi enson of sperie payments 10y the banks of tis
commonwealth, or any other act or acts committed
by them, or either OF them, IN viOation of the law
OF this commonwealth, OF the provisions contained
IN their act OF Incorporation respectively.
SEC. 20. The legislature reserves full power 20
make such alterations, provisions aud restrictions
as ii may at any time think proper to enact for the
regulation of the banks, savings institutions and
loan companies within this commonwe Gu tn, and
shall he liable to such taxes now in force or
the legislature may at any time hereafter impose,
SIC. 2l. That SO much of any law as is altered
and supplied by this s1id act, is hereby repealed.
And on the question, shall The hill pass
The yeas and nays were required by Mr.. Park
and Mr.. M'kinstry, and are follows, viz:
YEAS.
Me,srs. Anderson, Andrews, Baly, Barstow
Benner, Bonsall, Broadhcad, Bruner, Casse
Chandler, Cole, Coolbaugh, Crabb, Crispin Field,
filheri, Flannery, Flennken, Flick, Foge Ford,
Griffin, Grfflhs, hamlin, Hartshorne, HIGGINS Of
Northumberland, Helffenstein, Henry, Herr, Hill
Hoge of Mercer, lloge Of Greene, II Holmes, Hot,en.
stein, Humnel, Johnst-n Jones, Kaufman, Kelm
kinzle, Konigmache', Kuz, l.cidy, Love. low
Lyons, Mcclure, M'hinncy. Mkmsry, Mnfg n
Nh, Mil. Park, Pennlman of All, gheny, Penrose
Riur, Roberts, Snodgrass, Snowdtn. SNYDER
otrohecker, Swayne Wilcox, Wilson, Zeilin, Zm-
merman-and Hopkins, Speaker-6s.
NAYS:
Messrs. Burden, Carulhers, Church. Darsie,
Fisher, Gralz, Higgins OF Huntingdaa, Hrnderson,
HInehman, hutchns. Law, Morton, Smith, Smy.
ser, Sprott and Warts-l6.
sail fall, h. =.