The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-04-18
debts and liabilities of said Bank or any of

lebts and liabilities Of said Bank or any of
,er branches.
SEC. 10. All suits or actions against said
Bank. or any contract or engagement made,
,r liability incurred by the Board Of Directors
IF the Bauk, or on any contract or engage
ment made or liability tesscurred by the board
Of Directors of any bra.hh, or on any bank
bill or note, shall be b. ,ught against the
Bank of the State Indianafm
SEC. IL. The process inhn h case shall be
a summons and shall be 81 on the Presis
dent of the Bank, in al! cases where tue con-
tract, engagement or liability sued for shall
have been made by the Board OF Directors Of
said Bank; and in all cases where the con-
tract, engagement or liability sued on has
been made or incurred by branch, the pro-
cess shall be served on the President of
such branch; and so also where the suit
shall be brought on any bank bill or note,
the process shall be served on the President
of the branch at which such bill or note shall
have been made payable; or in all such
cases, q copy Of the process may be left al
the banking house, or pla ce of doing business
of the Bank, or Of the proper branch, as the
case may be, during the usual hours Of busi-
ness, which shall be good service. And it
is hereby made the duty of the President, or
any other officer of any branch knowing Of
such service, forthwith to notify the Presi.
dent and Directors of the Bank thereof. In
all suits brought againts said Bank, on any
note, engagement or liability Of any branch
such suit shall be brought in the county
where such branch. may be situate; and all
suits brought against the Bank on any note,
engagement or liability of the Bank, shall
be brought in the county of Marion.
Sec. IL. There shall be no stay Of execu-
ton on any judgment against said Bank,
nor shall she be entitled on judgment or
execution against her to the benefit of vaua-
ton or appraisement laws.
SEC. IL. Said Bank shall be entitled to
charge and receive for moneys loaned the
legal rate of interest established by law in
this State, and not more, and the same may
according to bank rules, be taken in advance
out of the sums loaned. and may be computed
according to the standard and rate set fort h
in "Rowlet's Tables" reckoning the days
for which note or bill he's to run inclusive.
ly; but it shall not. directly or indirectly.
place any money in the hands Of any broker
or other person TO be loaned to others, or
charge, take or receive any interest, compen.
sation or benefit whatever from any loan
made By any other person or party, whether
such loan be made from its own funds or
otherwise. L
SEC. IA. The profits arising. after paying
expenses and reservation for a contingent or
surplus fund, shall be divided among the
stockholders according to the amount oI
stock owned and paid in by each; and ia
making this calculation and division Of profit:
each branch shall be independent of the
others, and its own profits be divided among
it's own stockholders.
SEC. Is. The capital stock of said Banl
shall be subject to the same rate of taxation
| for State and County purposes as the prop
erty or stock Of other monied corporations
and the real estate and other property Of sale
bank and branches situated in any city oil
town, shall be taxable for municipal pur
poses, in the came manner as other propert,
so situated, but the capital stock of said banl
or branches shall not be taxable for mum
cipal purposes.
SEC. l6. The person administering thu
government OF this State, Secretary Of State
Treasurer, Auditor Of Public Accounts, Com
missioner of the Canal Fund, Judge Of tn,
Supreme or any inferior Court, or any person
holding an Office or appointment under the au
thoriy Of the General Government, shall no
while in such Office, hold the Office OF Presi
dent of the Bank, Dir ctor Of the Bank, o.
President, Director or Cashier Of any branch
! nor that of member Of the General Assem-
bly,; nor shall any President, Cashier o
Director of any branch at the same time hol,
the office Of President or Director Of tn,
Bank, on the part of the State, or the G fic'
of President, Director or Cashier Of anothe
branch
SEC. IL. The notes issued by said Banl
shall be signed by the President of the Banl
and shall be made payable at the brancl
which shall issue the same, and shall b,
signed by the Cashier Of such branch.
|. SEC. Is. 1t shall not be lawful for sal,
Bank at any time. to use or employ any par
of its capital stock or other funds in the buy
ing or selling of goods, wares or merchan
disc or in any other business or dealing, thar
is by this act authorized and permitted.
Sec. 19. 1t shall and NAV be Lawful
for said Bank or any branch thereof, to &C
cept, receive, and become responsible, TO
the deposits and public revenues of tn,
United States, upon such terms and condi
tons as may be agreed upon by the agents o
the General Government nd q majority o
the Directors Of said Bank.
SEC. 90. Thatit shall be lawful for sal
Bank to receive on deposit except a
above prchibited) moneys, bullion, plate
{ and other articles Of value of small bulk, OF
, such terms and conditions as may be agree
, upon by the parties.
!, SEC. 81. 1t shall not be lawful for the direc
tors of the said Bank to locate any otbe
branch or branches of said bank than Il
. herein authorized.
SEC. %. The capital stock of said ba nj
may be increased by individual subscription
at any one or more branches, by and wit
the assent and concurrence of the director
of the bank.
Sec. %. The General Assembly may a
: any time appoint an agent to examine III