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

Contracted may himself from being labc
by forthwith giving notice of the fact, and of his absence or
dissent the Governor and Council and the stockholders
at any general meeting; which meeting he shall have
to call for that purpose.
Sect 3d. The provisions of the two preceding sections
shall not be construed bank the ands goods
or cae of the from being also liable for the excess
therein mentioned.
Sect 81 No loan nor discount shall be made, shall
any bill note be issued by any bank by on
their account except the usual banking house of the
Sect 49, The amount of notes or bills at any time issued
and put in crcuaton money! by the several banks ncor
poraed in this stae shall exceed the following amounts
and proportions respectively viva bank to have
capital of fifty thousand dollars put into circulation an
amount equal to its capital actually paid I'M bank authori-
zed to have capital of than fifty thousand and less than
fourths of its capital actually paid in and bank authorized
to have capital of one hundred and fifty thousand dollars or
upwards an amount equal to two thirds of its capital actually
paid in:
Sect. 49, All bills shall be issued in the Of the Pres
iden Directors and Company of the bank issuing them and
shall be signed by the President and Cashier thereof but all
bills signed by either the President Cashier thereof which
shall be in circulation through the agency of any of
fcer of the bank, shall be binding the corporation Every
bank shall receive payment for all debts due such bank the
bills issued by the same, if offered.
Sect a. Every bank within this State, whether hereto
fore limited by their charters this respect not, is
bills under five dollars the Of quarter part
of its capital actually paid in and and bank
shall issue pay receive in payment deposit,
any bill less than dollar which is expressed
any fractional part of dollar, under penalty OF one hundred
dollars for each offence
Sect 35. Any bank may allow certain rate of interest
for deposes made therein if they think proper but bank
shall issue any note, BILL check other negotiable secrh
payable at future day, or bearing interest
Sect. &c. No bank shall issue any bill note check or draft
edeemabe at such bank other manner than by pay
in pece but every bank which shall issue any BILL
check draft redeemabe any other manner than by
payment specie demand, payable any place other
than the place where such bank is by law established and kept
shall be liable pay the in specie to the holder thereof
demand, said bank, without previous demand at the
place where the is made payable by its tenor.
Sect 81. Nothing contained in the preceding section shall
extend any draft check for any balance due said bank
any check draft drawn by officer of bank
within this State, any other bank either within without
this State; but all such checks drafts shall first be
scented for payment the place bank which the
shall be drawn, before the shall be demanded at the bank
which issued them.
Sect SO. If the officer of any bank shall neglect refuse
redeem in gold silver money! of the legal of the
United States any noe BILL check draft described in the
preceding sections and demandabe at such bank,
other bill of such bank demand, its usual bank
ing hours such bank shall be liable, after the expiration of h
days from such demand pay the holder thereof. in
damages the twenty -four per cent, by the year. for
the time during which, payment shall be delayed refused
from and after said fifteen days.
Sect 49, The holder of any BILL check or draft after
demand made described in the preceding section shall also
be entitled interest the Of six per cent from
the time of such demand until the of damages therein
specified shall commence
Sect 40. If the bank which payment Of such bill note
dom ed