The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-09-21
sEaT.IIOIEI,.. GO
lVIE ST ATE

|"k m -
s'sls d Mi 8,
lsssIIed he Plaltsl
which none 9, O g
ngainsi sle unlo
8 ssy, the mai
s.irOas Of annuI
n lses that yelsas
exists 10 the pub
ofths bonds sol
z elablishing tn
.iIinQ opinion y lha.
q those bonds:
- q this institution
a.ibis op Mon. TIKI
ny, \ Plaaters Bank
=, he establishment o
s,i,ssiissippi for The Patr-
80 and public revssitt
81 ) ipdicious increase
IN. siye impulse and
-. 'sIiFhytc commer-
.I..e5 Sue toour lands
..sstion ofrevenue, re-
n State from an opPres-
n enable them to real
- ..,,set system of Inter-
ssslore, &C." -.
l..ar general conven-
.'Das' and not the interest
sssEhoders, except So TAR
ssviliary to the former.
5 derived from the pur-
) Painters Bank. was
musiderstion for this IN
tIards.
\. y 5esired result! By q
ss,a l1 Of stock in said
!. Il execution anc sale OF
u d raising money to be
.I~.at Of said stock. these
.l,.eroBls to nor are they en-.
y Bank; nor is that insti-
5as or the payment of the
lnd, and only liable for the
\. State should fail to pro-
Il. Liability ofthe Planters
y vas extinguished $50 far
ucerasd) by the act OF 1889,
mOsing on the Mississippi
!, il t6e benefit as well as
r9tOfthe sal bonds: lSee
sdes' Bank was chartered
Ill.,, mil lions, Of which the
rOOje being 20,005 shares
4 and paid as might there, |
aYug the residue Of 81, 000- |
bd fef BY the indiVlduals' |
poraie. --Sect. I. /
lion Of the charter the Gov
Iathe name of the State. to |
aiIir out Of Che two millions |
tectiOn, and Is ordtr 10 raise
fIhe SINE Directs the auditor |
nc deliver 10 the President. |
Ii, Aads N such sums as said
,,asiut. rayabe BY the State TO
kaang an interest of :, per
tniannaally, assignable by the
b ~ hrther required by their
ssOfio appoint the place where
hibspald. It further directs
Ah shall be credited a. their FIJI
y STOCK absorbed for by the
apkdges the faith Of the State
tses seeruing from any def
Ed d: Planters Bank, or by
Wlaioa 10 the stock held by
hah section pledges the faith
payment of the said bo1ds
&ihO pledges the stock IN The
Hae State.
aathres, that if the profits
Eg from the STATES stock
q eztinguish the interest
aher'bOnds, then the Bank
sacy and c arge the same
Hsslppi, and by the same
he State IS pledged 70 The
Tnsal Of what may be SO adj
Ralhe State.
|lsls PROVISIONS, it viii be per-
elaie reserves to herself the
agtWo.thirds Of all the capital
w aud BY another provision
elate reserves the privilege
! Ile thirteen Directors, who
" Bank: thus securing to her.
'aoFsf It's actions. The State
z debtor to the Planners
WV \ ofstock with the priYil-
nat Indebtedness to tsco mil
adettO raise money where
theif iudebtedeess to the
'aaof Is authorized to deliver
:saaal . be negotiated BY the
las President, directors. d.
" RhateVef:-That the State
/ \ V Engagement primarily liable
10llnese bonds and Bank only
I hereof upon the contingen.
II " Nsate to pay them as prin-
' Y q well from the nature Of
\ \ |. lEOn the fact that BY the 9Th
]. J o !. I herself to pay the prin-
! ]. !! q the bonds acltea due, and
\ Bank to pay so much Of the
: s' y ag the State may fail to
Y 1anK s authorized to charge
3 y. 2 tle account Of the State
!, =. \ / | will be found on further
] I Y liability which sOould saus
n. aaok aa endOrser Of these
WIZ as.l Dy . subsequent repeal
y ne original charter reduir-
Y made payable tc the pfesi.
I, ] ~. e, Of the Bank, and Of
Y y'1D We necessity ol their
aI'l sct, approved December
i, sspa :, the Governor Is d.
M M d lor lee fkousand shares
II ',sv ~ q the residue 81 one