Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1855-04-06


Second. Such as shall be mortgag.
ed to good faith by way Of secur-
ily for money due 10 such association;
or,
Third. Such rs shall be conveyed to
it. in satisfaction Of debts previously
contracted in the course of lis dealings
os,
Fourth. Such rs il shall purchase
at sales under judgements. DEGREES. or
mortgages held by such association
The said association shall not purchase
hold or convey real estate in any 9th.
er case or for any other purpose; and
oil conyeyanccs Of such real estate
shall be made to tie President or such
other officer as shall be indicated for
that purpose in the articles Of assoca,
ton; end which President or officer
and his successors. from time to time
may sell, assign. OF convey the same
free from any claim thereon agains, IL.
by my shareholders, or any persons
claiming under them.
Sec. 81. Such ASSOCIATIONS shall, on
the FIRST Mondays Of January and July,
of every year after having commenced
the business nj banking. MS prescribed
by this net, make out and transmit to
the Auditor. in the form TO be pre-
scribed by him in a full st,;emcnt Of
tho affairs Of the association. the names
places and residence of each OF the
shareholders. OF such association, yer.
fled by the oa,hs Of the President or
Cashier, which statement shall con
tain:
First. The amount Of stock paid in,
according to the provisions Of this act.
and the amount Of stocks, or bonds; to.
gether with a description ofsuch stocks
OF bonds, deposited and transferred us
aforesaid. us security for the issues Of
such associa,on-the then market
value Of said stocks MS near as the
same can he aseertaincd. the date 10
which payment Of interest has been
made upon such bonds, or stocks, and
whether such interest has been paid TO
such banking association, or passed to
their credit on the books Of the Audi
tor.
Second. The value Of the real es-
tate OF the association. specifying what
portion Is occupied by the association
rs necessary TO the transaction OF bust.
ness.
Third. The shares Of stock held by
such association, whether absolutely OF
ms collateral security; specifying each
kind and description OF stock, and the
number AMI value Of the shares each
Fourth. The amount Of debts due
to the association specifying such n
are due from moneyed or other corpo
nations or associations; and also speci
| flying the amount secured by Judge
mcnt. and the amount which ought L
be included in the computation oflossos
Fifth. The amount Of debts due b,
such association. specifying such as mr.
payable on demand. and such MS ar
due TO moneyed or other corporation
or associations.
Sixth. The amount OF claims agains
the. association not acknowledged by
as debts.
Seventh, The amount ofnoies, bill
or other evidences Of debt issued b
such association,
Eight. The amount of the losses {
the association specifying whethe
charged on its capital or profits sine
It's last proceeding statement, and G
, its dividend made and declared durinJ
the same period.
Ninth. The average amount In eacl
month during tho preceding 81
: months Of the debts TO and from III
association. the average amount G
specie possessed by the same durin
each month. and the amount Of bill
. and notes issued by such association
and put In circulation us monay, an
] outstanding against the association, o
: the fist Of each Of the preceding 81
, months.
: Tenth, The average amount IN eac
month during the preceding six month
, due TO the association from all III
shareholders In the association; ais
, the greatest amount due to the assoc
> alton in each of the said preceding 81
, months from oil the shareholders |
: such association.
, Eleventh. The amount which tn
. capital Of the said association had bee
r increased during the preceding NJ
. months, ifthere shall have been an
4 increase Of the said capital, and N
name ofany persons who may hav
become parties TO the same articles I
r association, or may have withdraw
I, therefrom since their last report
II shall b. the duty Of the Audit,
9 to cause the statement required TO /
4 made by this section. to be publshe
n in u newspaper printed in tho count
G where the place of business Of sue
r association is situated, and in some pl
Q per published at indianapolis, the G,
: pense os which shall be paid by sue
I association: Prorided. That such banl
/. ing associations may select such pape
}, and make the contract for such publ
d cation.
i Sec. 20. Ifsuch association sha
neglect TO make out and transmittl
b statement required in the last prece,
y ing section, for one month beyond Il
$ time when the same Is required to
i made, the Auditor shall forthwith pr,
r coed TO close such associations in ii
i manner prescribed 10 section 40 of th
n act.
9 Sec. 90. A majority Of all the stoc
# Of each Of the banks TO be ccstablishe
J. under this act shall he owned ut Il
!. times by resident citizens oil this Stat
}. and before issuing to any associate
II to be established under this net. any
i It's notes, the auditor shall ascerta
II 10 his satisfaction, that majority
Is such stock is 80 owned and for til
C purpose shall be authorized 10 yequi
= the affidavit Of one or more Of su,
;. owners 70 that effect. and in every u
Is ISOLATION formed under this act, the
y shall be At least five directors. IN
It jority Of whom shall be resident eli
- a