Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1850-08-08

s. The amount Of debts owing by the
| cot ,,ofa,ion or individual banker specify.
| ing such as are payable on demand, ana
such as are due to mnneyed or other corpo'
\ ralionS, associations, or individual oahKetS
/ and The amount due 10 each.
| &. The amount of claims against corpo>
ration or Individual banker, not acknowt>
edged by il or hi:1 as debls.
7. The amount for which the corporation
or individual banker is bound as surely, lor
! which il may become liable on the happen
4 ing of contingent events.
| 3 The amount of uoleS or bills then IN
/ circulation, of said corporation or lndiVlo-
| nal banker, OF loans and discounts, ana OIL
! sp Gle on hand.
| q The amount on the first of July next
nrecedinp uf notes or bills in circulation. OF
| loans and discounts aud OF specie On hand,
/ of such CORPORATION or individual banker.
10. The amount of STATE and City stocks,
| ,oee,her with description Of such stocks
1 depooiled' by each corporation or individual
4 ia mixer with the Treasurer, as security for
| the circulating notes issued; the market
valne of said stocks as near as the same
can be ascerlained, and the date 10 which
| The paymert Of interest has been paid to
4 such "0ahkliiS doSoCld1'Ou vi A"ut"'uuoh
banker or passed 10 their or his credit OH
| the books of the Treasurer.
And j, shall be the duly of the Treasurer
% cause the statement required to be made
by this section, TO be published in news
paper priAled in the county where the place
of business OF such association is situated
| or such part OF said statement as he deems
| expedient, and in such other manner as he
thinks advisable, the expense of which Shall
be paid by such corporation or individual
/ banker.
! Sec. 25. Every corporation that shall
| neglect to make out and transmit the states
ment required, as provided in the foregoing
section, may be proceeded against and dis
solved as an insolvent corporation, and
every individual banker subject TO this Law,
who shall SO neglect, shall b., restrained by
Judge of the Superior Court uponslhe APP
plcation of the Treasurer, from the further
prosecution Of his business, '''''
Sec 26. Every corporation OF individ>
ual banker doing business under This Act,
shall be liable to pay he holder of every bill
or note put in circulation as money, the
payment of which shall have been demands
ed and refused, damages for the non pay
The rate Of twelve per cent. per annum, from
the time of such refusal unll the payment
of suchsevi;lence or debt, and the damages
| lhereon
Sec. 81. The President and Cashier of
every corporation formed pursuant tn the
provisions of this Acl shall at all times
T keep tine and correct list of the names OF
all shareholders Of such corporations, which
| knn
corporation be open TO the inspeclion Of any
creditor.
Sec. Is. II shall be lawful for any cor,
poralion formed under this Act, or any in.
dividual banker doing business under this
Act. to make any bills OF NOES Of The de-
nomination OF five hundred dollars and up
wards to be put in circulation as money
payable al any other place than at the of
fee where the business of the associa tion is
carried on and conducted, which bills or
notes shall he countersigned and registered
as herein before provided.
Sec. %. All banking corporations or
individual bankers organized under the
provisions of this Act, shall be banks of
discount and deposit, as we'll as OF circula.
| lion, and the usual business of banking of
said corporation, or individual banker, shall
he transacted al the place where such COR
pnratiop, or individual banker shall be loca>
| led, agreeably 10 the location specified in
The certificate herein before directed 10 be
made and not elsewhere.
Sec. 30. No corporation or individual
| banker, as such shall assne or put in circus
lation any bill or note of SAID corporation
or individual banker, unless the same shall
be made payable on demand and without
interest and every violation of this section
by any officer OF member Of banking aSso-
citation or by any individual banker, shall
be deemed and adjuged a msde mcaLor,
| punishable by fine and Imprisonment, or
both in the discretion of the court having
cognizance thereof 1ra
Sec. 81. 1t shall be the duty of the
Joint S.lect Committee on Banks at each
session of the Legislature 10 examine The
rrea>urer's accounts with such corporations
or bankers us may be organized under This
Acl, and 10 examine the securities deposited
with the Treasurer by banking corporations
and individual bankers together with such
books and papers relating 10 the business
of banking, as the said committee may
deem necessary 10 enable them to report The
true state and conditions of that department
ID the Legislature. 80.
Sec 32. When any corporation, or in
Iii vidual banker, organized nnoer this Aci
IS DESTROYS OF relinquishng the banking
business, and shall have redeemed at least
ninety per cent. Of its. or h,s, circulating
notes, and shall produce 10 the Treasurer a
certificate OF deposit to the credit or The
Treasurer ia such institution as the Treas.
urer shall approve, to an equal amount
with The circul,tin notes of such bank un,
redeemed, it shall be lawful Tor the Treas
urer 10 receive the same and TO give up all
The securities lheretof re deposited by such
banker, or corr Grafton, for the redemption
of circulating notes ISSUED.
Sec 80. Such corporation or individu.
al b mixer, after having complied with the
~ DIVISIONS OF the preceding section, may
give notice for two years in some newspaper
printed in The county where the said corpo>
rat,e or bank shall have been lot he'd and
euch her notice as the 'rreaSuror Shali