Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1841-05-13

SECT l. Be it enacted blythe Senate and Hot Sc OF
Representatives. in Legislature assembled, That the
Act of January twenysxh eighteen hundred and thlr-
ty-thres Incorporating the Citizens Bank the Acts OF
April first ighteen hundred and thy-sx, Incorporating
the Globe and Frankfort Banks, be and the same are
hereby repealed.
Seer q BE it further enacted, That the Governor
with the advice and of Council, shall forthwith
appeint two persons who shall receivers, for each
Bank who shall give bonds for the faithful performance
of their uties, and said receivers shall Immediately de-
mand othe Officers of said Banks, all their real and per-
sona esate with all their books, papers and evidences
of debts lue delivering to the Officers OF each Bank
their receipts for the same and said receivers shall pro-
coed will due diligence dispose OF all or any part OF
such property and collect the debts due and dstrlb-
ute the ppceeds thereof, among the creditors OF saa
Corporatns equally according TO the amount oil thelr
respective claims, and the balance II any there be aer
disolargns all the Liabilities of the Corporaon shall be
divided among the stockholders equally according TO 'e
amount owned, Prnvaie~ that nothing herein cohlaheo'
shall extend be construed TO release or absove either
or any of those who have been corporators or
members thereof other concerned therein from
any existing liabilities or legal responsibilities whatever
SECT g. Be ii further enacted, That if the Presi-
dent other officers of either of said Banks on demand
made By said receivers, shall refuse neglect to sur
render all the property which they required to by the
provisions Of this Act; any such officer refusing or
negecns shall be liable in his individual capacity for all
debts duerom said Bank action or actions, on the
case be brought by any creditor creditors of said
Bank, sm on conviction of the offence be nnpris-
oned for term exceeding three years in the State
Prison, and pnvded further that nothing herein con-
tanned shall ext,nd be construed to exoneate or re-
lieve any of tie officers Directors OF said Corpora
TONS or those Who have heretofore been such from any
liabilities or penalties, established by existing laws TO
secure the faithful performance of their respective duties,
but the same hereby maintained and preserved IN
full force, anything herein contained notwithstanding.
SECT l. Be Il further enacted, That this Act shall
take effect from and after It's approval by the Governor
THpprOped March 20, 1871
AN Act to suspend operation of the Revised Statutes
SECT. L. BE enacted by the Senate and honSe q hq"e-
senatpes in Legislature assembled That the operation OF an
Act passed the twenty day of October IN the year
one thousand eight hundred and forty entitled an Ac Tor
revising arranging and amending the public Laws OF he
State another Act passed on the same day emitted
an Vet to repeal all the Cts which consolidated IN the
Revised Statues shall he suspended, until alter the ihry'rt
av July next except provided IN the following sec'oh
SECT 2 Be it further enacted That Chapter sixteen, en-
titled of the Mit in the title OF the Act Inst be-
fore mentioned and much OF the last IN ntioned Act, as
provides for the repeal Of Acts concerning the Militia
winch were revised aed in the SAID Chapter, shall
not be in force until from and after the first day OF January
next notwithstanding the provisions othe preceding section
SECT. 3 BE 1t further macted That this Act shall take
1;aa ala nv e