Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-12-19

10 regulate he currency, ana 70 prevent tfS ricH-
ldiiOn Of small notes and all deprecated paper
money tcithin the State of Missouri aud TO COM
pei corporations 10 observe their charters
Sec. Be ii enacted By the General Assembly oftRe
Siatc Of Missouri foiotcs: NJ person shall pass
receive any bank note, or paper currency Of any
kind within the limits Of this State, of less deBoT-
inatiun than five dollars from and after the first
day Of April. in the year 1871, after the first
day Of March 1912, of less denomination than
ten dollars.
Sec ,. No bank note or other paper currency Of
intermediate denominations between five dollars
aud ten dollars. and between ten dollars and twenty
dollars, shall be passed or offered to be passed by
any person within this State, from and ate. the
first day OF April lS4l.
. Sec. ). No person Shall pass, or shall receive any
bank note or paper currency payable after date,
cummonl called post notes, within the limits OF
this State after the first day Of April, in the year
iS4l.
Sec. 4. No pc shall pass, or receive any bank
note or paper Gu rrercy, issued by any bank gener-
ally reputed and believed to be in state Of suspcn-
sion, or non payment Of is liabilities in specie,
after the (rst day Of April lS4l.
Sec. D. No person Shall pass, or receive. any
bank note or paper currency. purporting tu be is
sued by the President Directors and company Of
the Bank Of the United States after the first day OF
April 1911
Sec. 6. No corporation, or any officer or director
thereof, shall pass. or offer TO pass within the lin.
its of this State any bank note paper currency
of any denomination whatever after the first day o.
April lS4l, and which shall be issued beyond the
limits of this State, which shall not De equivalent
to gold and silver in every part of this State, anu
as such convertible into Specie without delay or
discount whatever; but such corporations may re-
ceive such paper in pay ment Of existing debts IN
I'll the first day Of a pril 1912, and no longer.
Sec 7. The Bank of Missouri, and every cor
porutiun within the limits of this State, shall be,
and the same hereby prohibited from having
any dealings or transactions with any bank what
ever, which shall not resume specie payments IN
tile month Of January lS4l, or which shall thereat
ter suspend Specie payments nor shall the said
bank or corporations receive the paper Of any such
suspended institutions except in payment Of exist
ing debts until until the first day Of March 1872
and no longer.
Sec 3. No corporations within the limits Of
this State, except the Bank of Missouri and its
branches, shall exercise any banking privileges
whatever, either by receiving money on dePoste or
by liscUuntipg nUtes, or by lending money, or by
collecting notes Or drafts, or by buying or selling
bills of exchange and all clauses in their charters,
supposed confer such privileges on any such cor
poraiiOn. are hereby declared to be contrary 10 the
constitution Of this State, and against its feeling
and interest, and ire hereby declared 10 be null and
void; nor shall any such corporation use any cur
reDcy which shall not be banka5Ie IN the State
Bank of Missouri.
Sec 9 10 individual, or individuals, nor any
corporation within the limits of this State, shal
become the agent, or branch or partner OF any
bank within this State, or Of any Territory, or OF
the District Of Columbia, or of any foreign state,
after the first day of March in the year lo4l, nor
shall any person or persons, or any cOrpOr alton
which may have become such agent or partner con-
time t. he after The said first day Of April l-4l.
Sec. 10. Every officer and director Of the bdnl
of Missouri and its branches and OF eve ~ curpDr-
poratlon within this State who shall violate THIS
act, Ir violate the charter under which he acts,
shall immediately forfeit his place BY 50 doing, and
shall not be eligible thereafter to any place in the
said institution to which lie had belonged ; and
every person hereafter appointed, or re-appOinted
director or officer in sad bank ar aAy corpora
ton within this state, before commencing the du-
ties of his place shall take and file an oath. an i
cause an entry thereof to be made upon the books
of the institution declaring that he had not TO the
best Of his knowledge and belief ever wilruIly or
knowingly violated this act, or the charter Of the
institution under which he is going to act.
Sec H. No money broker or exchange dealer
shall carr, on his business after the first day d
March, 1871, without license from the clerk Of TIT
county court Of the county in which such business
is To De transacted, for that purpose The tax OF
said license shall be one thousand dollars annually
and shall be paid TO the collectors of the revenue
for the use Of the State. The license shall b.
granted on the presentation of the receipt from TIT
collector of said tax. An occasional buying ans
selling bills Of exchange shall not constitute bro
ker or exchange dealer within the meaning Of thi
act.
Sec. - Every person and every corporation tina
shall pass, or offer to pass, or receive or offer L
receive, any bank note or paper currency, con'rar
to the provisions Of this shall be liable for III
| contents Of such Hute or paper currency, and te
per cent damages on the amount Thereof; and tn
! person to whom it is passed may recover the sam
| before anv tribunal having jurisdiction OF IA
amount, on notice and motion; and he may ca
upon The opposite party to testify on oath, in re
gard to the matter; and in case Of his refusal ma
Iestify himself but answer SO obtained shall
given in evidence on any indictment for the sam
offence.
| Sec. 49, Any agent or broker, or exchange dea
or. for violating any provision Of this act, shall
indicted and fned not less than two thousand do
lars.
Sec. Il In case o. violations Of this acs BY il