Eastern times. [volume] (Bath, Me.) 1846-1857, 1850-10-10

ate accommodation in the convenient transac.
ton of business; or,
2. Such as shall be mortgaged to it in good
faith, by way of security for loans made by, or
moneys due to such bank; or,
Such as shall be conveyed to 1t in satisfac-
tlon OF debts previously contracted in the course
of its dealings; or,
4. Such as it shall purchase at sales under
Judgments, DEGREES or mortgages held by such
bank. But no such bank shall purchase, hold
or convey real estate in any other case, or for
any other purpose; and all conveyances of such
real estate shall be made to the bank in its cor
porate name, and said bank, from time to time,
may sell, assign snd convey the same, free from
any claim thereon, against any of the shafehold-
ers or any person claiming under them.
Sect. Is. The cashier of each bank doing bu.
siness under the provisions of this act, shall at
the times that are specified BY law for semi-an-
nual returns to be made by other incorporated
banks in this state, make returns to the treas
urer OF this state, under oath, exhibiting tho
state and condition of their respective banks,
on the day and hour of the day prescribed for
such other bank returns, and specifying the fol
lowing named particulars:
l. The amount of capital stock cf the bank
ing association or individual bank paid in, or in
vested according to law, or in pursuance of its
articles of association, and the amount cf such
stock as then possessed.
2. The value of the real estate of the associa-
ton or individual bank. specifying what portion
is occupied by the association, or individual
bank, tor the transaction of business.
3. The shares of stock held by snch associa-
ton, or individual banker, whether absolutely
or as collateral security. specifying each kind
and description Of stock, and the numter and
value of the shares Of each.
4. The amount of debts owing to the assoca-
tion, or individual bank, specifying such as are
from moneyed or other corporations tr associa.
tions, and the amount due from each, and also
specifying the amount secured by bond and
mortgage, or Judgment; the amonnt which
ought to be included in the communication of loss.
es. and the total amount of such debts then col.
lectable.
5. The amount of debts owing by the asso-
clatlon, or individual bank, specifying such as
are payable on demand, and such as are to mon
eyed or other corporations, associations or indi-
vidual banks; the names of such corporations
or associations, or individual banks, and the
amount due to each
q. The amount of claims against the associ-
alton or individual bank, not acknowledged by
ii as debts
7. The amount for which the association
or individual is bound as surety, or for which
1t may become liable OH the hap ening of con-
tingent events.
s. The amount of the notes or bills then in
circulation, of said association or individual
bank, of loans and discounts. and of specie on
hand.
9. The amount on the first of July next pre-
cedlng, of notes or bills in circulation of loans
and discounts, and of specie on hand of such
association or individual bank
10. The amount of the losses of the associ-
alton or individual bank (f any charged, spec
flying whether charged ON its capital or profits
since the last preceding statement, and of the
dividends declared and made during the same
period.
IL. The amount of public stocks, together
with the description of such stocks deposited
with the treasurer, as security for the circula-
ting notes issued; the market value of said
stocks, as near as the same can be ascertained,
and the date to which payment of interest has
been made upon such stocks and whether said
interest has been paid to such banking associa-
ton or individual banker, or passed to their or
his credit on the books of the treasurer and
each and every individual banker doing business
under this act, shall state in his sem-annual re-
turns whether any person or persons, and who
are interested with such individual banker, di-
rectly or indirectly in the securities deposited
with the treasurer for the circulating notes OBJ
tanned by such individual banker, or in the bus
ness of circulating said notes, or the benefits or
advantages thereof and if it shall appear from
such report that any other person is so interest
ed with said banker, and in case two successive
reports of said banker shall not contain such
statement, or if he omit twice in succession to
make such semi-annual returns, such banker
shall forfeit one thousand dollars for each and
every omission TO make such statement, or to
recovered by the attorney general, in the name
and for the benefit of the people of this State.
Sec. 10. The cashier of each bank shall
make return of the particulars relative to its
condition specified in the last preceding section
OF this act, whenever thereto required by either
the treasurer or the governor of the State and
every association that shall neglect to make out
and transmit either statement required, as afore-
said, may be proceeded against and dissolved as
an lnsovent association and every individual
banker subject to this law, who shall so neglect
shall be restrained from the further prosecution
of his business under this act.
SEC. 90. 1t shall be the duty of the treasur-
er of this State to prepare forms of the state
ments and to transmit a copy thereof, together
with such instructions as he may deem necessa-
ry, to every association or individual banker,
which is or shall be bound to furnish such state
ments under the provisions of this act. The
expenses of publishing the sem-annual returns
and of printing the forms of said statements and
instructions shall be paid by the treasurer out
of the interest of the securities deposited with
him by the said associations and individual BAN
kers, in proportion to the amount of securities
deposited by each.
Sect. 81. Whenever in the opinion of the
treasurer of this State, there shall be good
cause to suspect that any banking association,
or individual banker has made an incorrect or
imperfect return, or is in an unsound or unsafe
condition to do banking business, it shall be his
duty to have the books, papers and affairs Of
such banking association, or individual banker,
examined by some competent person to be desig-
mated by him, who shall examine fully into its
books papers and affairs forthwith, and report to
the treasurer, on oath, the result ofsuch exami-
nation, "a copy of which report shall be forthwith
published in the manner prescribed in respect
to the publication of semi-annual returns. The
reasonable costs and expenses of every such ex-
animation shall be betrayed in the manner pre-
scribed, in the twentieth section of this act for
paying the expenses of publishing the semi-an-
nual return.
Sect. %. All fees for protesting the circu-
latng notes issued by any banking association
or individual banker, shall be paid by the per-
son securing the services TO be performed, for
which each association or banker shall be liable;
but no part of the securities deposited by such
association or banker shall be applied to the pay
ment of such fees.
Sect % Every bapLinr ,scoc;at;on and 4,