Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-04-06
LA w s

blv at the Session OF 1907
A., A., 10 Taco,norate the Bank of Charlotte
~. ,n;,.l stock not to exceed three hundred
thousand dollars.
Ronks to be opened on the I7th day of February
Books to remain open sixty days .u
Book to be opened at Charlotte Sta'esVlie' H'"'
coInton, &c. ,;o or
One Fl nh OF each share to be paid at the time OF
neutrality-suspicious. fifth within sixty days-1nnIn-
or fifth within an hundred AID twenty days-aho'ner
fifth in three months after the time OF paying Tue
third instalment, and the remaining NTH In three
months after the time of paying the fcurh instrument
fany subscriber fails to pay an instalment at the
time stimulated interest thereon 10 be aid.
A discount to be allowed Tor advance payment Oh
When six hundred shares are subscribed. and ff-
teen thousand dollars paid in the subscribers be-
come body polite, &c.
Privileges of the corporation.
IF too large an amount of stock is subscribed, the
surplus 10 be reduced.
Books may be kept open twelve months after the
sixty days have expired, if necessary.
When six hundred shares are subscribed ana nj
teen thousand dollars paid in, notice to be given fora
meeting Of the subscribers.
Ifamaiority of votes be present, seven directors
shall be elected.
In every meeting of the Stockholders. majority
of the whole number of votes is requisite to form
quorum.
The number of shares requisite to constitute vote.
Stockholders alone eligible as directors.
Seven directors to be appointed annually.
The President TO be chosen from the directors.
Three directors with the President TO constitute
board for the transaction of business.
In case OF absence the President may nominate any
director to fill his place.
Vacancies in the board to be filled by the remain
ing directors.
call a general meeting OF the Stockholders upon
twenty days notice.
! Officers to be elected by the directors who have
power TO fix compensation.
| The stock of the corporation may be assigned or
transferred.
The corporation may not trade in any thing except
bills Of exchange, promssory notes, &C., &c.
The investment in such stock not to exceed one
half of the capital stock CT the Bank.
| The corporation may not purchase or hold lands,
tenemenls &c., &C., except shall be required for
the immediate transaction of business, sc.
! Six per cent. per annum may be received In ad-
vance at the time Of discount upon bonds, sc.
The circulation of the bank not to be more than
twice the amount of its capital actually paid in
! Bills obligatory and Of credit are assignabe.
| No note to be issued under the denomination Of
| three dollars.
! lfpayment be refused upon any note of the bank
it shall draw interest the of twelve per
per annum frem the time of said demand.
! In case the note shall be presented by for any
bank, payment may be made in notes OF the bank
making the demand.
Semi-annual dividends may be declared, when the
whole amount Of stock subscribed shall be paid
The Directors to be responsible in their private ca
pacities in than this real profits divided.
Individual stockholders to be liable double the
amount of their Stock in of insolvency of the
! bank.
! A statement to be made every six months to the
Treasurer of the State Of the of capitol stock.
The Treasurer Of State may inspect such accounts
in the books of the bank relate said statement.
! He may inspect the accounts of private indi-
viduals, except the directors.
| The President of the bank TO transmit an annual
statement in the first week in December to the Gen
eral Assembly, showing the condition of the bank, &c.
The penalty for forging, counterfeng, &C.. to be
Imprisonment. not exceeding ten years, and fine not
! exceeding five thousand dollars.
! A bonus of twelve and a half cents each share
of the capital stock to be paid annually to the State.
| Any Office of the bank making false returns shall
be liable BE indicted for misdemeanor.
! Any officer, &C., that may embezzle any of the
funds Of the Bank shall be deemed guilty of felony.
| Charter may be forfeited, for violation of the
same.
Cashier to keep record of the proceedings of the
board OF directors