Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1851-11-20

ment by the addition of two sections, providing,
that before any banking association formed I'M
der this act shall receive from the Treasurer IL
ny circulating notes, as provided in section ID
of this act, the Directors or stockholders shall
give to the Treasurer good and sufficient bonds
to the amount Of the notes that said association
shall propose to receive, as an additional securi-
ty to indemnify the bill holders against any loss
that may be sustained in case said mortgage or
other securities shall be insufficient, and also to
secure the bill holders for all costs and interest
that may accrue in case of suspension Of pay
ment by said Institution, and for all other labili-
ties or Indebtedness Of said institution. And if
a majority Of the shareholders Of any incorpora-
ted Bank shall agree TO go into operation under
the provisions of this act, az provided in sections
35 and SO and any individual stakeholder shall
be opposed thereto aud shall signify such oppo-
stion TO the president, cashier or directors, in
writing, such bank shall not avail itself Of the
provisions Of this act until the amount due to a.
ny such stakeholder shall have been first paid,
which amount shall be an equal proportion Of
the whole property Of such institution according
to the number Of shares that such individual
shall own. This proposal Of amendment was a
dcpted, and the passage Of the bin discussed by
Messrs Bowdsh, Barrett, Davis Barlow, Reed
Of Montpelier, aud Huboell, and rejected, yeas -
nays 90.
The encrossed bin relating to surrendering so
much Of " noosk Turnpike to Montpelier as
a., D.. B..
passed. Adjourned
Mr. Whit,emore presented the petition OF
Samuel poardman and Others proving for an al
teration Of the charter of the Sand Bar Bridge
Company, and it was referred to- committee or
Roads.
Reports Of COMMITTEES. By SIR Blake from
the Select committee, iu favor of the bill chang
ing the time of holding the County courts ln the
County of IS indham, TO the third Tuesday o
March and fourth OF september in each year
passed. By the same from tire Select commit
tee. 10 which was referred SO much Of the Gov
ernor's Message as relates to the subject Of iu
temperance, that no Legislation on the sugeci il
necessary.
Ar Dewey called up the bill relating 70 the
Atlantic and St Lawrence Railroad Company
e The question was still upon the adoption Of the a
mendment proposed by Mr. Royce.
p Mr. Whuemore opposed the adoption Of ih
I last amendment Mr. Royce favored it, and
was adopted, q TO g.
a On motion of Mr Mauocks the bill was OF
o derod to lie, and the House bill on the sam
% subject was taken up in order to save time, a
e it was necessary TO have Senate bill engrosse'
and an amendment precisely the same in sui
n stance as that adopted to the Senate bill wa
d adopted to the House bill.
Mr. Whluemore moved to further amend b
N adding another section, that the act shall be "
l. der the control of any future legislature to ate
* amend or repeal as the public good may requir
m rejected-yeas 49, nays Is.
l. The bill then received It's 3i reading, and N
* Marvin moved TO commit for amendment SO ID
act shall be under the control of any future j
Sc gslature to alter or amend the public goc
c. may require; lost-l6 TO 10, tine President gi
H. ing the casting vote the bill was then passed
is Is to H. Adj,
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