Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-04-07
GsHrraI FnteIItaeItsE.
AN AcT Il
esassrssiag tAs Banks y tahIif sulsssa.ssalllAs.

Il III
j. Be 2 enacted ~ iAs General .4ssssstsE TaaI-
9 muehpf any act as subjects the 9aaks III ;hss
Gplnmqn9eatsh q pay Ten per cens damages
40 niltsn per eenK Interest foe nom paEnens in
Il szsFtis ofany pcle, bin or cheek due fforn sEeh
Sank, shall be and the same II hereby suspend
I'd until the fTssssay of November next #
4 2. Ind be u ttulket lRsefed That's 81 much all
lary sel or acts as fFoAltis TIE sexsrsl bank III
II This commonwealth from issuing nos III befeaf-
lef notes for less sam Or dehpmiuatlq1 Than
lwEensy dollars, AID from receiving il payment ~
oq deposit he bank notes Nc % j 6a1k located
without this SialSAof less DISCRIMINATION thaK
lah dalIars. SHAFT 81 suspended au1;gxlha plesA
sure Of ihe Legislature: Fr5rfasd, fha. nbIhine
tinEthis act cenainsdshallI6e 81 construed as %
adlhorizs any ba2k 10 putin cifeladdn iihs
4 ndles 81 any bank tScaykd without this SaJe efa
lefs denomination shaa FIVE dollars .7ad droiial
sdEalso That nolklfg herein coBlaIfed shall be-
soInqnstrned ago aulhorize any bank oh hEarIch
lhfIeoflo isspe or Pui in circulation he ndesoi
any bank within the ACKNOWLEDGEMENTS idssfde-
nosnina'19ti tean Eve dollars, sxcept as is here
inafier fr4vifed #N III N
4 lind psf frrthsr tna.tsd, That,'ij- Sball he
! la1Y4aul for thf said Banks tocnuiiaus meIissus
6f Po'es Of The dsnoni iaalon be dhe and tFb ab4
1afk as hkretnfere anihp rizad. Nv AtF tinl ,ile
htjs far hl January Hue2t atter witch fsde the
afhufttE AeFfby giYen Shay Cease aEfAeskfhiAe;A
which said notes, whetheE,fssued BefTte6rfaftetE
lhe|passagf "A this act shsl he payahie IN specie
Zen remand, Vhenevfr presented nj ihe Bank orE
/ Brhlch. which tie sasrs may have been ts-t
sneF aadon failuSe thereof, il 9shallfbe aHfErI
/ torEhe heisefdf The saia pares tosrec3vdT libel
gp9nnlthrre(f, wish twenty i've per Cent dhmh-l
eesHheredhs by arani ,hftoTf a Justlce m del
! Peace: Purified, That ayhe Whole amount III
said notes liza any3Bapk or IBtsnch. hfredf III
fckiaIionatpHy oAe f3ue, shali ntiexreei' Xix
nertent % theIwhRls capital ii saia Bank Or
oil Be a firthsr .snaettd, THAT ahs seyetalI
I RaaKs of this Cfhn2nweaiN, Shall, tfamI aid
| aheFthe fin, faY oaNoyemb4r hexJ3phyabd e.l
MANS aeahst lflenliin specie WfRa der3knEied !:
PretFed fhsH after the aay heEslf fxsd Adj
speed paymShiS, thr said BahKS shall toh u
e4m1fHe LED t paw spscie IN
Hetf=aaf rFi1Ff Eenf4paksEaa ff5lz
FangE wbhRsnki1g powers, 4ghicil 5sfbe ID di4Ie Z
! decay Y, %Yn noes and Ray Is dsPgsF 9atn
/ Rs i trtt4r epasis5a5 Th4t nn Tgitaftor I'M
| qny Fank ot BraRGl iIhe5erf >kaaEbe b hdM ID III
1 5feAe netR!etes IaiaclPa ,fnoF Is Oh lany htu,
4 u Gbich a Director Isl a PArtney beceSmeHEGd(bt:
e9 principals, ii greater spm did ave lhau.
sand dollars; but the inde beddess af 4, frn shaiIi
lho; be construed 50 rs toIaifect lie rght 81 the
Director in.his iudividnal character 10, Become
indebted d he said Bank Or Branch ii ettatsr
sum than FIVE thousand dplak4 ; anil DO Pfpsi-
lsdent pr Director Of aBy Sayings BahE, III Gene
raj Agent o1aly MISUNDERSTANDING or Minfng Com
/ pany shah NJ hereaQef eligible as Diteetdr Of
any Bank Provided however, that his rtdsi-
( siop Shall ndt appIyaill after ne next anhhaI
/ meeting Of HE Sockhoiders .lbr h8 electioAsof
/ DIRECTORS; nor shall Nh. said previs bh arpg Il
The Ekchatgf Bark pf Virginia, or Ro I'll Blank
o. ths VALLEY il Virginia until the .sieetod III
s. hid 81 l. further tnoefsd, Thu, nds,yeer u
direcipr ofja Bank shall Neutrality-suspicious.
for ably stakeholder ia any ELECTION OF aiFectbrs
g. offiFers OF bank, nor Shall any proxvbe W.
/ id9wHicH SHALL have been executed sixly div
before the llnie Of any election Fe8lH II
z BenfHihtr ena9fel. That the notes or Illus
| Of the North western Bank of Virginia. Ind I'M
the Merchants and Mechanics Bank ofJvhsel-l
ing. and lh4ir several brahches, shall Keteafter
pc refeivabla IN paymeh, BY he ,Shefds Ana
! other Collectors OF 4lhe public revenue of Iaal
PUBLIC dues 70 this Common weahhb and ia
Tdischarge or payment of trust deeis. exccr-
lions, and other demands, III conformity ito
the act passed a, lie present session Of the
Genefal Assembly, entilied ian act rtviyEus
The acs Of 22nd Of June, 1891 ooncefning Ihe
proceedings oa. exeeulions, trust deeds ana
other demands, in eettan cases. lin The fondw. 4
| ing eduniiess that is ID say, Brooke, Ohio Mar.
shall. Tyler, Wood, Jackson Mason, Gabell. 4
| KanaFha, Logan, Wayne, Monongali Preston, /
Randolph, Marion, Harrison, lie Wis Bra1ton.
Fayete and Nicholas, and in ia other county
or counties within lhs ComnonReallh.f It'll II
g.. .Pnd be il further tmaeisd, That ii shatfbe lie
duty pr the Treasurer efthe Gommonr eaith,
on The fifteenth day Or january in each year, /
whatsoever the notes or bills Of taid Banks
and their Branches, 5or either Of them, shhlFl
be on|thal day OF a value less than par with |
those Of The deposit Banks al Richmond, to |
nctfyhse Cashiers 81 the said Banks and their
BRANCHES, or as manyof them whose notes BIZ
bills may be at such line or times, ef 4 depfecia-
ted value al RichnorI as aforesaid, of ,the L. |
mount Of he notes Or bills'o such Ba1k bret
Banks. or heir said Branch oE Branches of HE |
amount OF its Or Iheir notes ot bills respectively,
that may on that day remain on deposit ID lie
credit df the Treasurer Of Tie COMMONWEALTH II
and i shall be the duty Of ihe said Bank Or |
Banks..an their said BranchloT Branches, and !
they arr hereby required. within sixty days aftfF
having received such notice, 10 paw, or 81 Bro /
vide, that any balance or balances, which NAV
remain heain.. them respectively, Oh deposit. ont
said day, 10 heCredil Of The Treasurer, snail be
paidlai Ihe City Of Richmond in other money
or fphdS 81 par value, with he noses or bills of
ihehepdsii Banks in said Gun ~ 4
9 find be IL Further enacted, That TIE teyerall
Banks s1all- report III The E1etusge, III addiIion /
10 The quarterly statements If heir condition now
required by Law, comparative statement all
their condition forlhe.correspnndiug qaarier III
The preceding year, which statements sbAll be
published BY TIE Executive in At Isastiwo news
fpspersin he ely Of RichmoDd. II
10. And be Il firihsr enacted, That :heieenerall
meeting " the stockholders OH The Bank % Will
einia shall be hersaftenheldIo Oh The second Nom
day IL January annually The general meet /
ing Of the stoekholdersNof the Farmers Bankl
SHALL BE- held On he Wednesday after the Sc
cond Monday il January IN zach YEAR instead /
Of TIE days as heretofore required BY Iawe s44.
A. Bell J.atber enacted that The Banks Of
this Cdntnonweath shall not, while il 4 stale Of |
snspensid1 sell Or dsposeof my draft d. till Of
exchange, Icpmmonly called specie funGs, al 4
premiumo Of more han cne-h5lfiof one pet cent
beyond The cost Of such funds 10 ihe Bank | |
10 Bsh further enacted That ikshalIsbe the !
duiy OF the presdenEaud directors ofthe several
Banks, and each branch iheIeSf to keep All o. |
ferine hppk or Journal in which shall be entered
week'y,a fair and full list oil all notes. drafts,
accepfante1 and bills, foreisn and domestic.
loaned discounted or purchased, stating dis
tinciiy tie amount OF eachi IND The names all
The ssyssaisdrawers, PAYERS, acceplofs and en-
deTsers Whereof; which said journal shall be
KEEP, aisays open 10 The inspection o. lid public,
al The eopater Of said Bank or]branch during III
business hours on failcre whereof. oil on d re-
fasal 10 exhibit said journal It'd public nspectioD
Ithe pfesihentend cashier III said Bank ofbFaach
shall Be subject 10 penalty oE one hnndred doll
lars each Nj every failure, 10 lie recovered by tn
formation Or pFesshtIhsnl ID ady Court Of record
having Jurisdiction q Ihe SAINT IHH
is. .ahdbs j. {gasAst enacted That The Dirsct
| tors Of The several Banks VI this Commonwealth