Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1851-12-05

payment Of such evidence of debt and the |
daDlgcS thereon.
SEC %. 7 he president and cashier Of every
assoc laion formed pursuant to the provisions
of this act, shall at all times keep a true and
correct list of the names Of all the sharehoi ].
crs OF such association, and shall file \ copy Of
such list in the office of the clerk Of the conn
w. where anv office of such association may
be located. and also in the Office of the treas
urer. on the first Mondays of JANUARY and judy
IN every year
SEC. 30 1t shall not be lawful for any ass
ISOLATION formed under the provisions of this
act to make any of its bills or notes to be put
III Circ llton as money, payable ut any other
place than at the office where the business OF
the association is carried on and conducted,
and said bills or notes shall be made payable
on demand, and without interest.
SIC. 30. Whenever the securities deposi-
ted for the redemption of clrcuHtlng notes
shall, in the opinion of the treasurer become
i@utiiclen, for that purpose, he may receive
the dividends on all stocks, rs well MS the IN
tercst on all bonds and mort cages, and shall
deposit the stme in some safe bank or banking
ssS,cl,tion ~ this state, IN his name, III trust
for the association to which the same may be
long: the deposit to be made on such ter ms
and at such rate Of intercSt us the treasurer
nv deem most conducive to the interest OF
such association. aud to be withdrawn and
pad over, whenever, IN the OPINION Oh inc
ire ,urct the securities of such association
shall be sufficient to warrant it.
SIC. 81. he bonls and mortgagc' men
toned in this act for securing the p'ymrn' OF
the clrcurtlng DIS or notes, may DC Hlaue VI
executed to the treasurer.
SEC. 81. All ices lor Pro'eStIh9 ''c u, "
I,,;n.r n,,,o- is-unI nv any bnukiur HSSOcIatlOn
shall be paid by the person procuring the scr
wees to be performed, Tor when Such a'SocIa
ton shall be liable, hut no part OF the sec"rl
ties deposited by such asaoclhlon shall DC APP
Piled to the payment OF such ices
SEC. 80 1t snail be the duty " inc p.hN
commissioners, at l'aSI once Ne"I "''u o'''''
81 It he shall deem ltheceSSafy,t 10 Ills pcctCNc
ry odnN eslaonaheu "'''rl Wv P,"N ''''''
tnIs act ana report 10 'iu Ht'Ve Il" 'tc. -.
he amount OF the ccr''He" stock VI 'ne C'Pi
tai stock OF the banking hSSoclat'oh pa'd III
invested according to law, or IN pursuance
IT'S articles ct aSSocIatl"h' ana lne amount
6uch stock us theh poS7eSScu' -u' ne N''
ne OF the estate Oh lhe aS9ocIt'io'' an" 'P'
clfylng what portion Is orr"Pe ny ''e "S:'
cation, for the transaction OF business ia
ne shlres ot S'ooR heIn nV S,''' 'SS'c''''"'
whether absolutely. or as coli''eraI Srcu'
and the nNnbcr ana value OF the Sh'F'S "
elch; 4th. Inc d'h'S oWii'@ l." 'h' a9NocI'
ton, specifying Such lis are nue from lho"'! I
or other corporations "' Insult ''''"S "'e "''
OF such corporalloh' or aS'oii luohS' ana Ut
amount due IRON eAch' ana t'So sP'c"!'n| l'
amount secured ny o"no ana Inot9 We w
an 'uh' WHY" '"E"' ~ :" Wv W y ~ " -,
putaton of losses. ana the total amount OF Ieol
then colectable: ON he amount Oh 4'o'
owing by the asSocia'ioh' "- sue" "
are payable on demand, ana Soc. a' arc uu'
TO lnoneyed ana DINER rorTor'''o"'' "H."'''
'lons, or lndvidnal pahke'S' thc names u, sue
corporations or associations, or ihalNulai oal
kers, and the amount due to each: ON. I'm
amount OF claims against 'he asS"cIa,loh III
acknowledged by 1t as dent" Ih. II
amount for which the association Is nonnu Il
surety or Tor wLlch II may oecohc l"o,e
tne happening OF contingent ''chUs Gull
ne amount Oh 'le no.c' u wv 'n." J." I I"J ~
"loh Oh sa'u "eHo0' '''o" y" '''' W." W.
'"''S' '"' ' Wv nf 'n,. ,h'r,,a'
ID iorscSS VI u,I l w. w.!
SPECIFYING ""C'', O"' 81 W. -,
P!"I'H' ,. '"' ,I pa I -da L,.i,f,, 81
"' u'e "'N'icn', Io'''' ~, "',' ', -, I "
ttH'c P'rlo'' "' ''''t "
ti'e' Ho'tg"e c'' ",'" VI w.
deSc'lPl'oh VI SUI" 9.'0N' w l '''''o' ~ O'
"S'ocl't'V" WIN ','o 'n ,I
~" circulating holcs lSsueu aic ,''an M'' W. '".u
o' Salu e,oCNe '' ","' tt" '', ~ "
c"rtAlhed' ana t'le "t'e !" "'i'o" pa!
interest mas oeeh "'l'le "P"'' SUM- 'e"' es,'o
mortgages ana STOCKS an WHY; ie' Sa'u ;l.o'
est as oeeti Paiu W Su,' o'',E',I ~
or P'Sse" 10 uieii circuit vi ''' Oo'"' Vi ~
treasurer r, :I ..-..;.
Ht'; o. =" '.e' any y. Wv ,I' ,-a
'",S sI'ali Fe','Hc y" '"o''' 10 P"P
an concerns 10 inc im'P''l'o" VI '''i 0o''
missioner, or whose o"lcc'9 S'.' rus ~ ~,
mn 10 De eNa'l''e" VI, o'''i' 'oucl'"I "o ~,
Germs OF suc' assoc " ap'u
ef or "hch s'alI oc I'",'" W INV ''V''''