Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1851-11-27


toore deposited by such banking association for the redemp
ton of circulating notes issued
SEC. 80 Such banking association after having complied
with the provisions of the last preceding section shall
years newspaper the county where such
shall have located that all the circulating notes is
sued by such banking association must be presented at the
easuers office within years from the date of such
that the funds deposited for the redemption of the will
be given up the bank association and receiving salts
factory proof of the giving of such notice for the time aorc
said the treasurer shall surrender to the order of such assoca
bank any securities which he may hold for the payment
of any wuedeemed notes Of the said association bank.
SEC. 40 II shall be the duty of the treasurer To
laed circulating issued by him. and after making
ord of Them their denomination and deliver in lieu
thereof other circulating notes to the same amount
SIC. H. There shall be appointed annually Joint
mec Of the legislature whoseduty shall bet examine such
OF The securities deposited in the ueasucr Office by banking
associations together with the books and papers therein relating
to the business Of banking the said committee deem
cessay enable them report the and condition Of
that department to the Legislature.
SEC a. The report of the bank commissioner shall show
the Of oaus and discounts drafts, due from banks
due directors of said banks due from brokers real
specie cash items stock and promssoy notes. bills of solvent
banks bills suspended banks loss and expense capt
ta circulation, profits, amount due to banks amount due to
dvdaS due of state due dcpostors
hand amount due not Included under either Of the above
heads.
SEC 43 The capital stock of every banking association
eabs under the provisions of this act shall be liable to
taxation and shall be the duty of the cashier of such banking
association the clerks of the several towns with
which any shareholders of the shall reside
a true list of the names of all such shareholders with the
every such shareholder may the first day of
April each year which shall by the listers be
tL l;t f ,cr sarcloldor NJ s actual market value
Sr, # The directors of any slch bnnling association
sl, m .bo IN INV o tho creditors and Stockholders f ouv
l tl. All e ,,,., ,r,, Ie sustained IN ,,,.a,,,on, If
a, iol,, h, ho,, ~ Inc rr,vons of Tins act or Of anv
6 l, mr. ,,rG,,Gness n, The dise,,rrc ~ tboir off,
, d. , ,, ,,,Io, of such directors NAV, b. slnd in
tr - o,i nv a,- claimant pdcr tlo rr,visions &C his
s..t..,,
Sr. AZ ANS, dircotor rbo no, bavo mid II, ,ro ina, his
r, ~ tho ial,les mentioned l., tho tro,ol,o section ~
~ ~, NAV h, NM, ror ,,, in, Ia,, mr. in -, ID, a,,i,
So if S lonking assrrio,io, Shall not receive or M
,l , .r in,,..,,, or J.,,,,t N, a,y n,to draft ,.,
;,t ,l ~ ,,,. ~ as, ,s- com no anrr,,. Nm, s.i,r,
;. m l,,,,t ,,,, m ,l,,l,tod and f,la,, ,ce,r.,s a.,
tlo c.t.lr;.lol ,5,lss ~ i,,Ei,-
sp A. ,,,f banking association, shall dircc. or indie
l l. -. ,,,. a., ,.,i, M, .,,,,r,.. KIM I 49, ~.
his aet n:,5@j or deal or trado il bn,nq or n a,
oools llt,eI. ,rs o Tnc,,l'andisl. B5y1 Tl,f .l.i
D'nD'' ~ , "'" ",' ~ ~, =, "', lGigr .3 W ~ ,i
o'ii' 'i2 no ~ wy ''! ''' ~ up
sI,lI at an times h. r,a,J ~, .d nssoc,,n IN, an I
,,t. oxec,t;o,s ar lo,,,,Is made ,,,ol. o m ,i,
"r erch ha,,l i,,o ASSOCIATION,
So 10 Alu.b banking Shall se,,i,rntal nj
t tira the dividends Of profits shall snlly be d,cI,
l nav i, the treasury ~ tlis state ono rr cont ffl. al
of ,o, l,rks Ererid 'Tla if snch haulsi, ..., t,,,,
sbau Lao, a sufficient dao ~ funds II, e cit, N o, n,
the commonwealth o Massachusetts and Shall al than cty NM
fornlv cause their bills To he redeemed a rar sc bank sbal
e. pay rneut hut if they shall fail To- redeem
their bills notes for the period of days the wue n
any ono year. the said tax shall be paid for that year
SIC 80 Before any banking association formed il, .s
provided in the second section of This act The directors
r4nr ll o - ,Ie ,rno' 'l r a. aI s't "
to1ei' 'l'l 7 ~ vac '"le' s'o' '' s"4'oe' oi,' 0
oa as ~, ,(I,tioIol ",,riry 10 il'it ,5 i
:, , H. ~ ,lt . b. ,, .l 49,