Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-01-22
HOUSE OF REPRESENTATIVES.
SATURDAY, January II,


The House met
Petitions were presented by Messrs. Gibson, Rey.
nolds, Buskirk, Nelson, Laverty and Stuart.
Reports from Committees.
BY Mr.. Benin, from the Judiciary committee, report
ing bill for arbitration and umprage; which read
the first time.
By Mr. Stanfeld, from the judiciary committee, to
whom referred bill for the organization of plank
and McAdam:zed roads, reporting the same back with
amendment. The amendment concurred in and
the bill ordered to be engrossed.
BY Mr.. Holman, from the Judiciary committee. to
whom referred petition of citizens OF Ohio
v reporting that special laws unconstitutional and
asked to have referred to committee roads, agreed
10.
BY Mr.. Beach, from the judiciary committee, to
whom referred a petition from Jesse Raider OF
Monroe county asking to have repealed the 31th sec,
ton oil the 33th chapter OF the Revised Statutes OF
I843 that nexpedient to legsate upon the SUBJ
ject, and asking be discharged from the further
sideratlon OF the petition; agreed to.
By Mr. Mcdonald, from committee swamp lands,
reporting bill regulate the sale of the swamp lands
mated by the United States the State Of Indiana
and providing for the drainage Of the same read the
first time.
swamp lands the different counties. The Governor
Is empowered to appoint commissioner in each
county in which there are swamp lands, under whose
super1ntendence the lands be drained The ex-
pensss Of drainage to be paid from the Of
The proceeds received from the Of the said lands
No lands are to be sold for less than 81 25 per
is TO be deposited with the Treasurer Of State for the
purposes OF common schools.
Resolutions Offered.
The resolution introduced Yesterday by Mr.. Tag
CART for holding afternoon sessions, coming up order
il agreed TO.
By Mr.. English, that there be printed with the
municatnn Of the Auditor of State relative to the
penses Of the Constitutional Convention certain resou-
tons of that body; adopted.
BY Mr. Mcdowell, that the select committee on free
banking inquire into the sxpediency Of engrathg into
bill the following provisions:
1t shall not be lawful for the pre- sident directors
trustees cashier, other officers. clark agent OF
any bank, make dividends, except from the profits
arising from the business Of the bank
Te divide, withdraw. in any manner pay to the
st0ckhoders part oil them any part OF The CAPT.
tai stock reduce such capital stock without the cor
sent Of the General Assembly.
To purchase and hold such real estate and more
than shall be necessary 0r its banking house. and such
personal property shall be necessary for the
ton of its business.
Not to loan discount, 10 any president cashier,
clerk other subordinate officer thereof upon any
part or obligation upon which any such president cash
Ter. clerk other subordinate officer shall he liable
No bank shall, directly Indirectly sell any Of its
gold or silver eoin export the of the State,
shall any bank employ any broker any
business, be concerned, either directly Indirectly,
IN any way whatever, with any broker in any broker
age business.
To apply any portion of the fnHds property, assets
or ELECTS Vi their bank directly indirectly the pur-
chase Of shares OF It's stock the purchase
stock IN s1y other baak company, or corporation.
To make any loan or Discount upon the pledge OF its
own stock as secuty the pledge Of any stock Of any
other bank company, corporation to receive any
such shares IN payment of any debt due e their bank
Toreceyef any other stock In exchange
for the shares fces bonds other evidence Of debt
fheF insttufon shares Of the capital stock of such
other corporation, receive in such exchange the
notes bonds or other evidence Of debt issued by such