Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1855-04-27

and paid by each; and in making this
calculation and division of profits, each
branch shall be independent ofthe 9TH
ers, and its own profits divided among
its own stockholders.
Sec rs. The capital stock of said
bank shall be subject to the same
rate Of taxation for State and County
purposes as the property of stock of
other monied corporations; and the
zeal estate and other property of said
bank aud branches situated in any
city or town, shall be taxable for mu-
nicipial purposes, in the same manner
rs other property SO situated, but the
capital stock OF said Bank or branches
shall not be taxable for municipal
purposes.
Sec l6. The person administering
the government Of this State, Treasur-
er Of State, Secretary, Auditor Of
Public Accounts. Commissioner Of the
Canal Fund. Judge of the Supreme or
any Inferior Court. or any person
holding an Office or appointment under
the authority OF the General Govern
ment, shall not while in such Office,
hold the Office Of President Of the Bank
Director Of the Bank. or President.
Director, or Cashier Of any Branch.
nor that Of a member Of tho General
Assembly; nor shall any President
Cashier or Director Of any branch at
the same time hold the Office OF Presi-
dent or Director Of the Bank, on the
part Of the State, or tn Office Of the
President, Director or Cashier Of anoth-
or branch. fs'' 81
Sec IL. The notes iesued by said
Bank shall be signed by the President
Of the Bank. and shall be made paya.
BILE at the branch which shall issue the
same. and shall be signed by the Cash
ier Of such branch.
Sec 10. 1t shall not be lawful for
said Bank at any time. to use or en-
ploy any part ofits capital stock or 9TH
er funds in the buying or selling Of
goods. wares or merchandise or in
any other business or dealing, than
is by this act authorized and permit.
ted. 30.
Sec 10. II shall be lawful for said
Bank or any branch thereof, to accept,
receive and become responsible for
the deposits and public revenues Of the
United States, upon such terms and
conditions as may be agreed upon by
| the agents ofthe General Government
and majority Of the Directors Of said
bank.
Sec 90. That it shall be lawful for
said bank to ieceive on deposit Tex
cept as above prohibted) moneys,
bullion. plate. and other articles oi
value Of small bulk, on such terms
and conditions as may be agreed upon
by the parties.
! Sec 21. 1t shall not be lawful for
the directors cf the said bank 10 locate
any other branch or branches Of said
bank than is hereby authorized.
Sec 90. The capital stock Of said
Bank may be increased by individual
subscriptions at any one or more
branches by and with the assent and
concurrence Of the directors Of the
Bank.
Sec 23. The General Assembly
T may at any time appoint an agent tc
examine the state and condition of said
Bank, and each and every branch
thereof, who shall have the same pow
er and rights as examiners appointed
by the directors Of the Bank; and
! wher rany agent rs aforesaid shall Gnd
and report. or the Governor oftht
State shall have reason TO believe tha
the charter has been violated, il may
! be lawful for the Legislature to di
rect or the Governor 10 order scir,
facias to be sued out OF the Marior
Circuit Court in the name Of the State
(which shall be executed upon thu
president Of the bank for the time be
ing at least fifteen days before tn,
commencement Of the term Of sale
court, calling on the said corpora
ton to show cause wherefore the char
ter hereby granted shall not be de
clared forfeited; and II shall be Lawful
for the said court upon the return o
said scire faeias, TO examine into III,
truth Of the rlledged violation. and |
such violation be made appear. theI
{ pronounce and adjudge the said char
ter Is forfeited and annullcd; and ev
cry issue Of fact which shall arise il
, such proceeding and may be joines
! between tho State and corporation
aforesaid. II shall be tried by jury, ans
} it shall be lawful for the court afore
{ said. to require the production OF sucl
. Of the books Of the corporation as
, may deem necessary for the ascertain
, ment Of the controvertcd facts; ant
. the final judgement Of the court afore
: said. shall be examinable in the su
| premc court Of the State; and ma,
, there be reversed orailirmed according
{ to usages Of law, and II shall be tn
duty Of the Governor TO employ coun
' sci in behalf Of the State to prosecut
I such writ Of seirs faeias.
r Sec %. Thata general meeting Q
I the stockholders Of each branch shal
be held annually. at such time as III
{ directors Of the Bank shall direct
I ut which time elections for director
D Of the preceding year shall take place
o TO which meeting the directors Of tn
> proceeding year shall exhibit an exae
and particular statement Of the state
d condition and affairs of said branch
i and general meetings Of the stockho
d ders may be held at any other tim
}. when ordered by the board of diret
k tors Of the branch.
G Sec e5. Certificates of stock sha
d be issued to stockholders signed b
Il the president and cashier Of the prop,
z branch. and may be transferred G
9 the books Of the branch to be kept e
+ that purpose. and not otherwise;
n which case the old certificate shall |
r surrendered and new one issued. \
D. stock shall be transferred by any stoc
y holder when any debts due, or is tn,
N owing and TO become due from su,
y, stakeholder, but by the consent of Il
to director Of the branch. and such sto
81. books shall, at all reasonable tim