Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1852-07-29
WHOLE No. 1918. No 10.


interest of the shareholders of sucta
corporation. and shall! be paid to the
shareholders upon whom any such debts
or liabilities were apporlioned, in just
AMI equal proportion to the sum con ,,s
tributed and paid by them.
Sec. %. II shall be lawful for sue,
corporation to purchase. hold and convey
real estate for the following purposes
|, Such as shall I've necessary for its i'm
mediate accommodation in the convenient
transaction Of its business; or,
Such as sh Ill be- mortgages to it il
good faith, by way Of security for loans
made to lllem or moneys due to such cor
poraiion; or. t+
3. Such as shall be conveyed to it ia
| satisfaction OF debts previously contracted
in the course of its dealings or,
4. Sach as it shall acqurs by DEGREES OF
foreclosure, or be set off on execution ia
such corporation.
The said corporation shall not purchase,
hold or convey real estate In any other case
VI for any other purpo se-and all convey
ances Of such real estate shall be made 10
the president or such other officer as shall
be Indicated tor thnt purpose IN the articles
OF association-and the president or othct.
officer, and his successor from time to
time may sell, assign and convey the same,
free from all clam thereon, against any OF
the shareholders, or any person claiming
under them.
Sec. 81. Every corporation organized
under this Act sllnl!, on the l5lh day OF
March, or within ten days thereafter, Ill
every year after having commenced their
business as prescribed in this Act, and as
much ottener, and at such times as tho
Treasurer may In his discretion dlcecsA
make out aud transmit to the Treasurer: iiA
the form to be provided by him, a full state
ment OF the affairs OF the corporation
, verified by the oatns Of the president aad
= casn;er-which statement shall contain,
, / The amount OF capital stock paid in.
!. according to the provisions OF This Act, OK
5 secured 10 BE- paid:
u 2. The rulue Of the real estate of the
o corporation, specifying what portion is
II occupied by the corporation US necessary
. 10 the transaction of lis business
3. Tho shares OF stock and the amount
of bonds held by such corporation, wheth-
or absolute or US collateral securities, spec.
living each kind AMI description of stock
anf boaJs, and the nun5er aud valae OF
| each:
4. The amount of debts due to til, cor.
| coration-speclfyin sEcil as are due from
money I'd or other corporations or associa
lions, and the names Of such corporations
or asst ciat ions, and the amount due from
each-and also specifying the amount
secured ny bond aud mortgage or Judgment.
and the amount which ought to be incu 10
in tho compu.ation Of losses, AMI the total
amount of sucII debts then coleciable: ~
s.. The amount of debts owing by the
corporation, specifying such as are payable
on demand, aud such as are doe to mon
eyed or other C NJ, orations OF ass0Cia tons,
the names OF such corporations or nssocia-
tions, and the amount due to each.-~
g. The amount of claims againss the
corporation not acknowledged by it ~
debls,- ~
7. The amount for which tho corpora
ton is bound as surety. or for which il may
become liable on the happening OF contin
gent eyents,--
8. The amount of notes or bills then In
circulation, OF said corporation. Of loans
and discounts, and of specie on hand.
3 The amount on tho first of July next
preceding of notes and bills in circulation.
Of loans nnd dscoupis ana OF specie on
hand, ut such corporaion,- a&
20. The amount oe State and city stocks.
together with " description of sucii stocks
deposited by each corporation with the
Treasurer, rs security Tor the circulating
notes issued-lhe market value of said
) stockv, as near as the same can he ascer-
u tanned, and the date 10 which the payment
, of intt rest has been made upon such stocks
1 und whether said interest has been paid to
n such banking associ atlon, or passed to their
|, credit. on the booka OF the 1reasurer.-
;. And il shall DO the duty of the Treasurer
5 to cause the statement required to be made
by this section, 10 be published in news
piper printed in the coua'y where the
d ace Of BUSINESS OF such association Is sit :
; unted, or such pnri ut said S;atemen! as lA
dsems expedient aud in sue Ii other manner
as he thinks advisable, the expense Of
which Shall be paid Ivy such corporation.
Sec. 25. Every c0rp>rauon that shalt
neglect to make ont and Il aasmiL the states
ment required. us provided in The foregoin :,
section, may be proceeded against and dis
solved, as an insolvent corporation,
See. 90. Every corporation doing busi-
ness under this Act. sh,ll be liable to pay
the holder of every bill or note pu! Ia cir
culati"n as mloney, the payment OF which
shall have been demRudad and refused.
damages for the non payment thereof. in
lieu of interest, at and afier the rate OF
: twelve per cent per annuni. froat the time
of such refusal. until the payment Of such
evidence Of debt, and the damages thereon.
Sec. 81. The presidents and cashier OF
every corporation formed pursuant to Pror
visions Of this Act, shall at all times keep
a true aud correct list Of the names OF all
shareholders OF such corporation, winch
list shall. during the business hours OF suc'.
corporation. be open to the inspection ot
any cFeditor.eJ " . aag @ la
Sec. %. It shall be lawful for any cor
poratiOu formed uater this AcIs make
any blk or notes OF the denomiaailon ot
4 fivs hundred dollars aud upwards, 10 pc
put in circulation as money. payable at any