Mobile register and journal., 1841-12-18

 SECTION l. Be u enacted by the Sfnie and House o Representatives o ths State of Atlbdg m General Assembly conrercd, That from and ailefhe ,he Branch of the Bank of the Staie of AEaina at Mo- bile, and the Branch of the Bank of thsStaie at pe- ca'ur, be, and tine same shall be close for all pur- poses. save the renewal and collection such paper as may be hell by saId Banks
 l SEC g. Be Il further cnacted, That tree Commis sioners shall be appointed fir each the aiorosaid Branches whose duty t be, to reeiye from the respective President and Cashier of eah Branch, the books papers, and effects of said Bans. 1 SEC g. Be if Gfthcr enacted, TlE the Conmis sioners appointed, shall give bond id secar'ty to the amount of $ for the iaiilp performance of the duties required of them.
 SEC. i. BeH further enacted. Tllaitlie President, Directors Cashier and other officers # the aforesaid Branches, shall be held strictly accountable, for all available means, as set forth tl the rports now be- fore the Legislature; and that my dedication on the part of any one of the said officers slll be consider ed felony anl punishable by coiinenen, in the Pen itentiary for not less than three nore than ten | years.
 SEC 5. Belt further enacted, That the old notes now due the above Branches nay he renewedn manner and form following, Yh; all paper now in | suit to be renewed on the payhent of per cent .L...nn syesy inur months; afr paper in said Branches, and under protest three months only, may | be renewed by the payment of per cent. every ninety days; all paper that may be due, and winch sas laid over unattended to longer than three months,
  | of per cent. every four montns.
 SEC. 6. Be n further enacted, That the Commits sioners, when appointed, shall le, and are hereby | empowered to appoint a competent man, of good character, to be a collector of debts due the said Branches, and who shall hereby have power to serve wris, and levy executions, as sherins now do; and that when a levy IS made, the parties may tender the | property to the Commissioners, who shall be and are hereby authorized to give fair alue for the not exceeding the amount of the det due the Bank; | fh- ,ta sl,aIl make sale of the same, the highest bidder the Com missioners bidding the amount, they agreed to give for the property, and any person bidding he l to be the purchaser.
 SEC. 2. Belt further enacted, Init when the Com missioners shall have become the purchasers of pro- perty under the foregoing section, lhey shall cause said property to be resOd, giving de purchaser six and twelve months credit, adding dly the interest and cost the debt, the purchaser giving bond and at least securities, who shall b irec-hOders in the County they reside in.
 l SEC. 8. Be Il further eidcted, Int the Commis- sioners appointed for the Branch Mobile, shall pay over the Bank of Mobile, and thoie for the Branch at Decatur, ints the Branch of tic State Bank at Huntsville, the first Monday in e,ch month, all the funds that may have been pad to thln in liquidation of debts due the respective Branches and any failure to do so, shall be penal oilencc punishable viction, by two years imprisonmentin the Peniten- tiary.
 SEC. 9 Be h further cnacted That the depostes thus made under the foregoing section, shall be to the credit of the Treasurer of the Smle who shall apply such portion of said depost cons of specie and the notes of Solvent Banks to the rsdempton of the State bonds, anG the notes of tie aforesaid two | Branches.
 SEC. 10. Be t f1thr enacted, Tiat the notes of the Branches, being closed shlll be received in payment of all dues to the State of alabama, of every sor:, kind, character whatever.
 SEC. II. Be Il Jarther enacted, That the said Com missioners shall be allowed annpal salary each, of s and that they may eaploy one clerk only, whose salary shall be $ and more; that such stationary and postage expenses shall be paid the business, actually requires and more; ard that they may retain office m the Branch Bark houses at Mobile and Decatur, until the business of sail Branches be closed.
 SEC. 12. De Il further enactsd That the Trea- ofthe State shall pay to the commissioners and clerks, their respective salaries qtarter yearly.
 SEC. 13. Be n jarther enacted, That the Comnis- shall make out quarterly, acorrect statement of their expenses well their donpen sation, and shall make oath for the A the same before any Justice of the Peace, in the following words, | viz: do soemny swear, Cor affirm, the case may be- that have paid over into the
 Bank all monies due to, aud pad on oc- count or debts due, the Branch that have come into my hands, since report dated and that there now monies, belonging to sad Branch Bank in nay possession; and that the expen- ses of the Commissioners since our last report, amounts to $ which have arisen from post
 and thst wIIh here "s e die the "DIa CTS $ for contingencies and no And to myself, S for quarter yarly salary, to A. | B., clerk of the Commissioners, $ and to the collector of debts,S for his | lary and s for the following expenses, which he has been subject to, and winch is deemed by the Commissioners, d proper allowance for services and expenses for the last quarter, and that the Comms- l sioners have paid ovor into the daposite Bank, s
 xxhicl have beeu coll lletfed win the last uiiarter so help me God.
 Signed, Com.
 THere follows the collectors report sworn to by him self, after having been audited and allowed by the l commissioners
 SEC. IA. Be tt further enacted, That any violation of the above any other oath required by this act shall be considered perjury, and punishable under the existing law.
 SEC. 15. And De it ttrther enaeed, That correct schedule of every description opoperty that belongs to either Bank, shall be made by the president and | directors of the same, desIgmiting each kind o property, well as the notes of individuals and the | names of their endorsers securities, also bills o exchange, and the names of drawers, acceptors an1 endorsers, whether running to maturity otherwise also, all bank notes and the of the bank that issued the same; also, all bank lpte paper, whether registered as circulation, partly prepared fol issue and allblnk note paper designating the amount and denomination of the same, and also of all bank property and furniture, and all other property tha may have been taken in payment of debts due tn, bank, have been purchasel in ut sheriff sale designating such as have been taken by said bank or an agreement in liquidation, and such purchased | at sheriff sale, and whether pershable otherwise also, of all gold silver, with the description of the kind of gold, whether Amercauor foreign, if foreisr of what country. And said President and director: shall deliver the the commissioners, taking trpcate receipts for all the property designated devered; and It shall be the diy ol said President to forward copy said rece,ts to the Comptroller of Accounts and to the Treasurer of the State and retain one copy hls voucher in all future settle meuts with the State.
 SEC. 16. And be ea further enacted, That said Com missioners shall quarter yearly to be made and forwarded to the office of the Comptroller 0 Public Accounts and to the office of the Treasurer correct statement of all property that has been receipt ed for by them, and sold, or c1llected or deposited by them in the Bank of Mobile Huntsville, a directed in the eighth section of this act; m, quarterly returns shall be made to said officers of al debts paid in part, or in full payment.
 SEC. IF. And 6e Jurthr enacted, That tn Governor shall, at the present of the Lcgisa ture, nominate to the Senate the name of six ndl | viduals for each Bank, and the Senate shall take Vote the same; and shall then, by message to th House of Representatives, lay before the House tn paper containing the nomination of the iGovcrno with the vote of the Senate and the House shall the take vote the whole nomination made by u, Governor, and the three persons that may have recev ed majority of the votes or each House shall b elected issioners. But should no one be elect cd, it shall be tho duty of the House to return b message to the Senate the result of theIr vote, wit the papers and it shall then be the duty of the Seuat to take another vote, and report the result to tn House; the House shall then take another vote, an | if there should be no election, the Senate shall b informed of the same and then it shall be the duty both Houses to convention in the Hall of tn House of Representatives, and ballot together, an the persons receiving two thirds of the of bot Houses shall be elected.
 SEC. 19. And De t further enacted, That it shall b the duty fthe Commissioners to examine the pape of the Bank that has been delivered to them for colec ton whether hills of cia npe or notes of hand: an