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

Mace within die town where the bank established, which
time and place shall be designated by the Directors Tor The
time being by giving public notice thereof fourteen days
vious the meetings in some newspaper printed in the C9n
y, and there be newspaper printed IN said County, then
published the seat of Government OF the State,
and in all wherein the bank shall be the OF any OF
the sh,res its stocks where any shares OF its stock shall
be pledged said bank held by or persons as
trustee for said bank such shares owned pledged
held shall in all cases be sen ana shall not be represent
ed by person for the purpose of having voice In the bus
other transactions OF said bank
Sect T. Every stockholder shall be entitled to vote, ac-
co,ding number of shares he may hold, in the following
proportions that say, for share he shall have one
vote and for every two additional Shares he shall have
right more provided always, that no one stock
holder shall have than twenty yotes absent members
may vote by proxy, authorized in writing.
Sect s. Directors may call special meetings of the stock
holders often they think the interest of the corporation
may require it, giving the notice as before roVded va
cacies the board Of Directors be filed at any such
special meeting, the purpose being specified in the notice
Sect o. Every bank shall be kept in the town where or
ginay established. c
Sect TO- No bank shall go into operation until half
least of its capital stock shall have been paid IN IN gold
and silver money! winch shall be in its vaults, and shall have
been examined by three commissioners appointed by the Gov
ernor with the advice and of the Council SAID COM
mssioners at expense of the bank shall examine and
count the money actually in the VAULTS and ascertain by the
oahs majority of the Directors that such money has been
maid in by the stockholders toward the payment of their
spectye shares and for any other purpose, and that 1t
intended the shall remain therein as part OF SAID
capital and the said commissioners shall return certificate
thereof to the office of the Secretary of State
Sect H. The capital stock Of every bank, hereafter in
corpoated under the authority Of this State, shall be pad M
ter the date its charter in gold and silver money! OF the e-
gal currency otfe United States No stakeholder shall at
any one time hold than fifth OF the capital oil
any bank. ,u
Sect H. shares in the capital stock of any bank shall
be sod TRANSFERRED except by execution or distress, or by
executors, administrators, guardians until the whole d.
mount of the capital stock shall have been paid H.
Sect H. The State shall have right whenever the Leg
sate shall provision by law, to subscribe on account
of the State to capital any bank, or sums not eN
ceemg in the whole tenth part Of the previous capital OF
suh bank in addition the same subject to such rules re9u-
alous and PROVISIONS by the Legislature shall be made and
established for the management of the same; and TO appoint
an additional Director in such case.
Sect A. Shares any bank shall be liable to be attached
on esne process and taken in execution and sold agreaby
to the provisions of chapters hundred fourteen and one
hundred seventeen, of the Revised Statutes.
Sect l5 The lands of any bank, and all the right utie,
claim and interest of any bank in lands morgaged Tor sec
v of any debt due assigned such bank and any debt due
such bank and secured by such mortgage shall be liable to be
attached on process and taken in execution ard sold
aqeeably the provisions contained in chapters ninety
and one hundred fourteen of the Revised Statutes.
Sect 49, Every bank within days after the first Mon
DAYS of April and October respectively, in each year. snail
nav to the Treasurer of the State, for the use OF the ame
tax of half of per cent the amount OF Its capital
stock actually paid in. :,
Sect H. If any bank shall neglect to pay the aforesaid
tax for thirty days after the shall have become due
al