Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1840-04-02
LAWS Oh wgBGaNgN.
az ACT.
TO AMEND THs SEVERAL ACTS e5RcERglG
Ihf BANKS
[rAsslp ,I.acn lslh. IslO.l

/ INK DAhkS,
trAssED siaRcH 18th, IsiO.l
Ia snseted b. ne CsHsfsi .i,sossly. Tha: &,
much OF ahy act may suLice; The Banks 81 this
State, incorporated by Law, 10 Ihcsforfei,ure OF
uirif Charters for failure "a refusing to par tciT
ooseS or detts "a Specie and 30 the payment OF
any damages o. inlrrfSt exceeding slx.per cent
| per enppm icr such failure, shall be, and the
same As hereby snsPrndcd until The end Of lie
nexf session of the General Assembly and so
nlaoh asrnrye rrchisii ,aem from issuing notes
Ter Snnas ofhEs aut ten dsliaIs, shall hs, and
ne sane X iefehy suspended uhul ihe IN
| gay q ArTn, oEe thousand eight HUNDRED aud
! ior'y-oDe and u any such Bank shall have for
ieiied is charter BY faii1g ~ refusing to pay is
noies or Debts IA specie, inc forfeiture Hereby
incurred. shalt be and the sainc Is hereby SOS
pended and the charter 81 the Bank. with all
! ihc rishi, ana powers therein conferred. shaube.
ana Toe same IS hereby dccla.cd 90 u. ia fuii
force and eject % all intcuis aut purposes uniil
The end q 'he next session ~ tho Assembly .
7 FToridsd. That The amcuHt " any note 90 dsbi
sue ifoia any Bahk, vi'h legal ta'ercsl thereon
may br irccyefrt IA ans ~ lic modes NOS
lauihofsei ~ ,aw.
] 2. .iHi o. u i.u5.sv snaS.sd That ihe notes 81
m Banks which are now recciy able 10 payment
q dcb;s and taxes doe % The Coumon wealth.
shall c0uunuc 20 he received unii otherwise pr-
! viccd y lss and iac Geposiics Il the public
Lrt aue Aa!l oonilauc ~ he made In nc Bank at
~.
VIC Executive shalt otherwise direct ia respect
10 such receipts deTo-iiss OF holh 10 The mode
Row prescribed by lawn which case, 90 shall
be lawful iOI The Treasurer, wifh he snncien az
ilc Executive, 10 provide ins il.c safs-hccpug OF
ne pntIr revenue, and monies 10 Jhc TicS sury
o. '5e state and ih*Wrpcu all such monies
I shai = p1il into AMI pu; az be Treasury hv an
( AUDITOR warrsEi requiring Che Treasurer il ie-
ce!ve or 10 pay the sane, without maIi1g any
ldeF''''e thereof n any Bank. or lrawiDg cheek
on any Bank, rs is now required hy Law.
/ y .lpi b. Ifsfiier 6nasisd, That every rank
which shall avail Itself OF he prorisiats % tlij.
I set shall make DO dividend exceeding Six rrr
cen'nm Per aunum, unless IL shalt, f0r
one month previously thereto. have toua re re-
saUeI specie paymcaiSi and moreover, every
such fauk sba'l so regulate IL loans and dis
counts - iiai tte sI,onut ofis ouisfsr siding 6eb,
On ne hrs' dav Of January, lsll. unless u Shall
! have 80 resumed specie payments, shall not ex-
coed The Amounts thereof rs existed on the hr,i
, day o. January, 1870
! 4. .ini be Il ft-fser Eaactsi That hereafter the
annual meeting Of The stockholders Of The Farm
er>' Bank of Virginia shat be held Oh tie Wed
hesiays ai.cr Ihe 6rsI Tuesdays IN January eve
rs year.
| Ind Dc q 0Distr enacted That hereafter the
oath which y required lo be- taken BY the Direct
ors Of The several Banks not tn engage IN tho pur-
chase Of ans mole or bill which has been rejerird
I by the Bank, shall be so mod,hed aud changed as
( hat the Director shall sueaT az snlcmn!y affirm
iha; he vii not directly nor indlfectiy discount
or purchase az rae ~ interest exceeding that
which The Bank might demand any note or bilt
/ Of which the Discount has been rejected by the
/ Bank o. BtaSeh Of which be IS a Director, And
upon taking such oath &c Director 81 All be aud
lac - hereby absOlved 10 all iuieniS and pufposes
from Tic obligations ~ his former oath
q Ind b y OiTihT sasatsd, That no bills,
d'aiiS, notes, or o'hcF eyideneesef debt. payable
a. ihe hEnN ,dfsconaiiaE or hrgotiaiDr Tie same
: OF elsewhere, shall be discounted &C urguua'ed
unless the same be actually Submitted 10. and
passed by he board Of Directors, constituted ac-
coFding 10 law.
Z. b L fs'issr saarici, That II shall not be-
lawful Tor any Bank e. discount any note or bill
( made of dawn by aay Director IArfroI. and ca
GoTsed or accepted ~ any other Director, az he
same B"aid. aud which may have been made 10
/ De di'ccahicd fUr he arccu mediation of either
[ Of hem. or lor any o.hcr person whatever: bat
I every such bE 81 note, IL discounted, shal! ne
/ veiihflfss be bWiiug CA BE pali.es.
.lFd tchsTsaI, The remedy g. motion upon ten
DAYS notice. agaiosi &c basks Of this safe for
iailing 20 pay spcoi', IS cumulative mefci}, ant
designed 10 operate uVrD ihe Baaks IS Cuipatlc
3einqgents All pog deiuqucBts iu cynse-
qurncs 81 unlocked Tor e1irenrics, therefore,
Z. b Il fBffitT fnarici, That The remedy
/ against the Banils 81 tii, Stale by moflu upon
( Ten days notice, shall be- and is hereby susprrI-
-, uuiii The ~ day ~ January next, any thing
in tl,is ~ ia any oih-r act a. The oonir4ry not
wl'hsianlfnri P,eridfd however that his sec
i.-a sl-s, act - c,et'.ac3 g.. - 10 Apgi H, fnY
I pending m0tion, 90 20 ant ease iB vhIch de-
mant "a Piymeni las ben Heretofore made and
\ refused
/ ~ . Gfrti,y rruri,d That The Bankr - the
] Con uunwcHith shaU not rcrrrvc 20 payment of
on acP1slic. lspH and allcl iae III tsy al Agul
nrNi, The Flank notes ~ cas- ElDi located wifh-
oui his STATE of drnominauon below Ten Dol
J lars.
: ~ Ne q JariArT enrrIsd That 90 Bank taking
iac bcDett q hi, act shall issue or pot futo csI-
cnlaiion, ans bone, naif, iiii Of drati o. other
evidence oi tehi which IS 900 1Y4b.e CO. 4rmsud.
and z 1uy of-cr of ~Ihcf WI rc aiI Backs
shall violate iha provisions e tbs ec ion 3D.
f1aN iafiit 4ni rag thr SOM % ore bundfei
dala3t Ter rIca ouenrf, 20 &C. rreoYcFcd ~ t.ie
use 81 tac Iacfar iuad ~ any Pvnon who
9nl soc iof DE same.
An3 l7sfsa. u afpgtts thai some ~ ne
Barks OF 'his Commonwealth bHve ocussiouaIif
ls-s.s.ri I.e.f osn uftC, uuitr co. duhuuiraa-
tar % Owe asiais, 40 aci pfoli5Hei b. i0eir
10. Hs % fsth0 sssri,i. Tbst sHr oa-rr ~
ans Back ai ia.f Commonwealth. gu4BIr an3
anoafn v.ailfr iis 2. aflef uterrpf in rbts|
psflcaiar. .aasi lei Instantly aGintas-t ffari ite
rr. -s 20 snrH Hsas. ani eos president. eel
essbaf of aiFFgiar, hsUa2 iae power cn cor..
. .NN Ii 'Ilr N'''|i l.lf. N.Hf
suri sDth iara Hu'.f saal ff.use 90 urg 'ect ir|
l.smrs I'd. o,sotr tsra ptss.iguf, Cashier. 40
D.UC g.. GOOD r.ch ae lst.a ioa Tfosrcuura.
ir cEf snfI. 8Hi rs caHr .llloa o. la.
-I l.i Gees cfeHle. f.r suu rl Dee hanIr.
lonau, aad moreover d. Meiette g. nlea|
aeafF O. ra,l olsse rs Fifeien. Cathlrf. ~ o..
e..ar as f.g cHf uag O..
% o. HTsfnt -.s.rt That ra-nfrr o.
unciDfs ~ tc ~ 90 easrs ri di.ronhf AL
q rrsto uf ihe Btna ~ lhf Varfvn Vrsinis
coil te a1d is tembf uHrlea.ei i9 nloe. ias.esf|
q Ihe famafT NV rfsrernet ~ hr, 81 0,e
.1f tro, f9er fsN ie applnft ~ hf|
Etrcnate in athsf o. n.e &. atlaautaf.h arf
csc ritffea hg Il.e -ahoHleurftte fl.f Eauk
Ni CT fh- ssA b.fr-rrs H.f'i ret.sss ne oval. .
aranHus reIafe3 iV Is- Gh sr-ft.n a. mesef
'r'tlf.shitF asHfri fenlfe.f ~ fe nrgfra.
fahra tf Ftakf. fftef tfsfth a1f i4e1, ara
W. EtrrHtee N Dis fnmerarafh. so ihc
present. nar ri DfIs n eal4 GOES ~ f.a-
ceHni anl frf s tas frdHih. ogeB 81
r1tsrc 81 rlf ati sfffai re sfiacaai D.
ferHHff nr.Ia "a fI..s