The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1851-12-10

in this State. 9. The place where the
operations of discount and deposit uI
such association are to be carried on,
designating the particular city, town or
village. 3. The amount Of the capi-
tai stock Of such association, and the
number Of shares into which the same
shall be divided. The names and
places Of residence Of the SHIRE holders,
aud the number of shares held by each
oi them respectively. 5. The period
at which such association shall com
mence and terminate which certificate
shall he acknowledged and recorded in
the Office Of the clerk Of the county
where any office Of such association
shall be established, and copy thereof
fled in tie Office of the secretary of
State.
Sue II. The certificate required
by the last preceding section to he re-
corded aud flied in the Office of the clerk
Of the county, and secretary of the State
aforesaid OF copies thereof, duly ccrti-
| fed by either OF those officers, may be
used as cyidchcc in all courts and pa>
ccs, for and against any such assoca,
! liuns.
Src. -. All banking associations
organized under the provisions of this
act, shall he banks of discount and de-
posit, as well as Gf circulation, aud shall
have power to carry on the business Of
banking, by disconnting bills, notes, and
other evldences OF debt: by receiving
deposits, by buying and selling gold
aud silver bullion, foreign coin and bills
of exchange, II the manner specified in
their articles Of association los the pui>
poses authorized by tins act; by loan>
ing money on real and personal securi>
| tY and 10y exercising such incidental
powers rs shill be necessary to carry Oh
such business TO choose one Of their
number as president OF such association
and to appoint cashier, and.such other
officers and agents as their business may
require. and in remove such president,
cashier, officers aud agents at pleasure,
and to appoiut others in their place.
Aud the usual business Of banking OF
said association shall be transacted at
the place where such banking associa.
ton shall be located. agreaably to the
location specified in the certificate di-
rccled to be made by the second claus,
of the sixteenth section of ,h;s ac, an,
not elsewhere.
SEC. 10. The shares oI said association
shall be deemed personal property, and shal
,;o,' m a',l ~" '''' .uD"s ", NV "ssI'-
;n ~ ~ ,u." '''"',r-' "s nv! "' ~ 'cu ~
49, '"',''l WY
,.aosc,u iii
, ''''''1 '''"',' ~ t'oiI'''o" " "ls snN T.
,',:s, "''i ,'ii
'''', o." Nv "" s''.,' p"
',;o y, "s9'.'a,'o" .o:. -! "'i.
,.,',;'1', Xxi, " " 10
ra,r.1 S,,'., ~ ,,.m , o' ' t'.'
lniysi H., ,L, J,,.p WV s"1i, "'' - "''
~ 'iy ',n ~ i's"i'''! VI '''y
'"s ea S'"' on o,,'''I,s :, .I''i ''r's,,'i i,,c
c,,,;o, ~ ,,,..on, ~ '",''' ~ az, ''el
,;.,ors ar '', I',:. ,:"i,. ~
c;s,;a., =, rr,'''l, '''S'' ~ ~,''N a.:
c,,i,. sod oc ,l,a ,,,,,,,i, - I'a;. ~,
t.s fo, ,;',, - ~ "'.''
.ro,,cr ,to ocor.oa,o e' -, ",a' "a 'a'
two hundred and Gl,y thousand dollars a
before provided.
SEC q. Contracts made Lv anv sue
association. and al ro,.s and hills Lv ,her
hsrea aud nut in circulation rs monsv. sha
ba signed hv the presi,leut or ,i..o prc,i,len
and cashier thereof. and all suits action
aud proceedings. brought or prosecuted b
or on behalf Of such association, may /,
brought in the name Of ,uch association.
sac. %. An persona huviuJ demand
sp.iust any such association. may msintni
sciions at law oI in cauilv. nccorliur TO Nh
tature Of tie case. against such associalio
hy their name and all iudnusuls and dc
trecs obtained or rendered AGAINST sucb A.
soria,ions. Tor any deb, or holility of ,uc
! association, shah be enforced only again.
the JOINT property Of the association, Whic
property shall be liable TO he taken an
soll by execution under any such judsmer
or decree.
SrC. %. No shareholder OF any sue
associaiion shall be liable in lis indiydui
r capacity. for any contract, debt or engae,
ment Of such association, unless the article
1 o. association by him signed shall have DC
! clarcd that tie shareholders shall be so la
b,c, except rs hereinafter provided.
SIC. o. Il shall he la,7nl I'm. smell, \,
socia,iop to pnrchaso hold and conway Pc.
estate for The 0ollow,nr nnrno.cs. / snr
! sssba;l lie necessary For its immcdi,t, n,
commoda,ion IN tho convenient ransar,;o
of its business or, I'd, such rs shall b
mohaaeed to it IN good faith. by way Of 81
cui''y ior !oa'ls ..l made ny' Or moneys dn9 i'
s"sn ass9',"';uH o,: "u, su'ti as snaIl .
onsIy con,roc,od H. ,ho no,rSa oC 10 Ioa, Ia,
= inc or. 4th. such as it shall aconiro by wa
; Of execution. The said association shall no
purchase, hold, or convey real estate, in an
other case, or for any other purpose an