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

Z. IL
of said Receivers within six months from the time Oftherap
ponmen give notice in public newspaper psbished
in the of Augusta in the city OF Bangor in the State
paper the cities of Boston and New York for the
ofx weeks successfully the creditors Of said Banks
exhibit and prove their claims 10 said Receivers, or be-
fore the first day OF July aforesaid and claim unless pre-
scented and proved by said time shall be entitled TO distr1u
tive share Of the of said Banks and claims not present.
ed within said time shall be forever barred.
SECT. 3. BE further enacted, That said Rece vcrs snail
lect, compound private sale dispose of all the assets
which into their hands belong TO SAID Banks on or
before the first day OF April next to give notice mat the same
will de disposed public auction, each parcel by ITSELF
such day and such place in the town city where the Bank
is situated as they may appoint said notice to ha gwen IN
public newspaper published said Augusta Bangor, and
in the paper may be after sid first day of
April and be continued for at les six weeks sucre's'
seer L. FURTHER enacted That said Receivers shall
power sign seal and deliver good and sufficient deeds
assignments Of any interest IN real estate on sale thereof
belonging said Banks and to negotiate by their own en-
gnment, any notes, drafts or other security
SECT. s. BE further enacted, That the provisions ofthe
which this Act is additional shall not be construed
prevent the prosecution TO final judgment and execution
any pending the name OF either oil sad Banks,
and said Receivers may the of either of said Banks
any suit which be necessary to enable then" to collect
any Of the debts either Of said Bank respectively
SECT. BE further enacted, That action in the
name OF either said Banks pending where the claim
in suit is the legal property any person or persons otne
than Bank and execution obtained thereon shall be levied
upon the said Rece being satisfied by legal
the actual ownership of the same in such person
persons may good and sufficient deed or deeds oil
the land levied upon such owners IN behalf OF
said Bank which deed deeds shall be efecnal to
the the charters OF said Banks mad not been
repealed Provided however, the powers herein given shall
not be construed authorize and empower SAID receIv
ers to do and per which shall raty and confirm
any part the made by the late Stockholders with
the present Stockholders of said Banks, in relation to the
transfer of said Stock. And all property belonging to either
Banks legally transferred by the late to the pres
en by the present the late Stockholders thereof shall
be held by said Receivers assets for the benefit OF the Cred
itor banks, the time when said charters were
peaed their assigns provided the same be necessary
to cancel the whole 0the just claims OF SAID creditors
SECTION Be further enacted, That the said Receiv
shall keep OF all their operations IN
closing up Of said Ranks, in the usual mode OF
keeping books, and shall hold the all times sub
ec to the examination by the Bank Commissioners, by
Committee appointed for the purpose by the Governor and
Council or any the Bank and shall make final
settlement Of their with said Bank Comm ssoners
appointed saoesaid at the time limited as aIoe-
said for said Banks. And for their
services they shall be permitted to retain out OF the proceeds OF
said Banks be divided themselves according to the
service PEI formed by them respectively such sum
not exceeding per of the actually received BY
them, Governor and Council shall determine to he
reasonable Tor their services and responsibilities
SECTION g. Be it further enacted That said Receivers
shall either directly indirectly be concerned IN the pur-
chase of the ass the Banks, which they