Plymouth banner. (Plymouth, Marshall County, Ind.) 1852-1855, 1855-05-03

its own profits divided among its own
stockholders.
SEC. Is The capital stock OF said
bank shall be subj.c, 10 the same rate oil
tsxauon for State and County purposes
as The property or stock Of other monird
corporations: and the real estate and
other property Of said bank and branch
es situated in sny city or town. shall BE-
taxable for municipal purposes. In the
same manner as other property so stu
s;.d. but the capital stock Of said bank
or branches shall no, be taxable for mu-
nicipal purposes.
SEC l6 The person administering
the government Of ihis State. Secretary
of State. Treasurer, Auditor of Public
Accounts. Commissioner of the Camel
Fund, Judge of the Supreme or any 9th
er inferior Court. or any person holding
an office or appointment under the Gen
ersl Government. shall not while IN such
otfire, 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 the General Assv m
,;,. nor sha.n, any President. Director,
mr. C,shie, of any btG"ch at the time
hold the Office OF President or Dif'c'o'
Of the bank, on the part OF the ST.
or the office OF President. Director or
Cashier Of another branch.
SEC II. The notes issued by said
bank shall be signed oy the President OF
the bank. and shall be made payable at
the branch which shall issue the same
and shall be signed by the Cashier OF
such Branch.
SEC. IS 1t shall not be lawful for
said hank at any time. to use or employ
any part Of It's capital stock or other
funds in the buying and selling of goods,
wares or merchandise. or in any Other
business or dealing, than is by this act
authorized snd permitted.
SEC. 10. 1t shall and may be lawful
for said bank or any branch thereof. TO
accept, receive and become responsible
for the deposi, Of :he public revenues oil
the United States. upon such terms and
conditions as may be agreed upon bv the
agents of the Grneral Government and q
mojnrity of the directors of said bank
SEC. 20. Tint it shall Be lawful for
said bank TO receive on deposit. (escePi
as above p,ohibi,ed.) moneys. bullion.
plate, aud other articles of value OF
small bulk. on such terms and conditions
as may 10 agreed upon by the parties.
SEC. 81. II shall not be la wful for
the Directors of said bank 10 locate any
he. IN h,.nchoc n casd ha nh
than is herein authorized.
SEC. %. The capital stock Of said
| bank may be increased By iudisiduni suit
srriptions at any one or more branches
By ant with the assent and concurrence
of the Directors of The bank.
SEC. %. The General Assembly may
any time appoint an agent to examine
and each aud every branch thereof, wh'
shall have the same power and rights rs
examiners appointed by the directors o
the bank; and when any agents as atore
said shall find and report. or the Cover
nor of the State shall have reason In BE-
lieve tina: the charter has been violated
il NAV be lawful for the Legislature Il
direct or the Governor 10 order Scirt
facias 10 be sued out OF ihe Marion Cir
cui, Court ia the name Of the State
which shall be executed upon the Presi
dent of the bank for the time being L
least fifteen days before the commence
ment Of the term of said court Callinl
on the said corporation TO show Gauss
wherefore the charter hereby grantee
shall not be declared forfeited: and j
shall be lawful for said court upon To
return oil said seire facias. TO examin
into the truth of said violation. aud !
such violation be made appear. then pro
nounce and edjudge the said charter
forfeited and annul!ed; and every issu
of fact which shall arise In such pro
ceeding and NAV be joined, between tn
State and corporation aforesaid. shall b.
tried BY jury. and il shall be lawful TO
the court afnre SAID, TO require the pro
duc,ion of such books of the corporatio
as it may deem necessary Tor the asce'
tainment of controverted facts; and III
final judgement Of the count aforesaid
shall he -xsminsble in the supreme cour
{ of the State. and may there be reverse
: or affirmed. according 10 ususges Of law
and II shall be the duty Of the Governo
TO employ counsel in behalf Of the Sta,
to prosecute such writ Of scire fGcias.
: SEC. "a. That a general meeting o
the stockholders Of each branch shall
held annually. at such time rs the ID
rectors of the bank shall direct, at wbic
time en- election for Directors shall lax
E place, TO which meeting rhe Directors {
, the preceding year shall exhibit all exaC
and particular statement of the State
condition and sffsirs of said branch: an
, general NEE tings Of the stockholders ma
! be held a; any other time when ordere
? by the Board Of Directors Of said branch
r SEC. 25. Certificates of stock shsl
be issued 10 stockholders. signed by III
. President and Cashier Of the prope
branch. aud may be transferred on IN
books Of the branch. TO be kept FOR tina
| purpose. and not otherwise, in whic
case the old certificates shall be surreu
dered and new ones issued. No stoc
shall be transferred By any stockholde
when any debt is due. or is then OWN
; and TO become due from such stockhold
es, but by the consent Of the Directo,s c
! the branch. and such stock boz ks shall