Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1842-04-07
NUMBER 6.

or so provide, that any balance, or bal.
ances, which may remain against Them
respectively, on deposit, on said dav, "a
the credit Of the Treasurer, shall be paid
at the City If Richmond 10 other money,
or funds of par value. with the notes or
bills ofthe deposit Ranks in said City.
o. And be IL further enacted. That the
several Banks shall report to the Execu.
tive. IN addition 10 the quarterly state
ments OF their condition row required by
law, comparative statement of their con-
dition for the spending quarter OF the
preceding year, which statements shall be
published by the Executive in al least two
newspapers in the city of Richmond.
10. And be il further enacted, That
the general meeting Of the stockholders
OF the Bank IF Virginia shall be hereafter
held an the second Monday IN January an
nusiiy and the general meeting Of the
stockholders of the Farmers Bank shall
he held on the Wednesday after the sec.
ord Monday IN January IN each year, in
stead of the days as heretofore required
by law.
III. Be il further enacted, That tho
Banks Of this Commonwealth shall not.
while ia state oi suspension, sell or dis.
pose Of any draft or Till ofexchange, COM
mooly call d specie funds, at premium
of more than one.half Of one per cent. be-
yond the cost of such funds to the Bank.
IL. BE it further enacted, That il shalt
be the duty of the president and directors
Of the several Banks, and each Branch
thereof, to keep an offering book or jour-
nal, in which shall be entered weekly,
fair and full list Of all notes, drafts, &C.
cep.ances and bills, foreign and domestic.
loaned, discounted OF purchased, stating
distinctly the amount of cach, and tho
names Of the several drawers, payers. ac-
ceptors and enao,sers thereof; which said
Journal shall be kept always open to the
inspection Of the public. a, the counter Of
SAID Bank or branch during its business
hours on failure whereof, or on refusal
10 exhibit said journal 10 public inspection.
the president and cashier OF said Bank or
branch shall be subject to a penalty of
one hundred dollars each for every fall
ure. TO be recovered by information or
preseniment in any Court of record hav.
ing jurisdiction OF the same.
ID. And be IL further enacted, That the
Directors of the several Banks of this
Commonwealth who are now in Office, and
such as shall be hereafter appointed, shall
hold their offices until the next annual
meeting ofthe stockholders, and until their
successors are appointed and notified OF
such appointment provided such Motif
cation shall DO made by the Cashier Of the
Bank without delay after the appoint
ment.
IA. And be ii further enacted, That %
much OF tho seventh section Of tho act
passed March %, 1887, entitled an act
establishing general regulations for the
incorporation Of Banks" as provides that
the bonus Of one-fourth per centum paid
out Of each semi annual dividend upon the
stock of the several Banks of this Com
monwealth, shal be poid by creating ad.
d,ional stock 10 that amount in the name
Of the Commonwealth, for The benefit Of
the fund for Internal Improvement, &C.,
be aud the same 10 hereby repealed. And
hereafter the said bonus, as in said section
provided for, including the bonus on the
stock as provided in the 18th section Of
The act entitled an act increasing the bank
ing capital Of the Commonwealth, passed
March 25, 1887, shall be paid semi.annu-
ally by tho said Banks into the Treasury
of this Commonwealth, upon the warrant
of the 2 Auditor, to be applied in pay
ment Of interest on the public debt created
for Internal Improvement.
Is And be il further enacted, Tba,
nothing herein contained shall prevent the
Legislature at any time hereafter from
altering, modifying or repeating the char
tiers Of the several Banks at pleasure.
16. This act shall be 10 force from the
passing thereof.