The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-04-18

require the production of such of the books
of the corporation as it msy deem necessary
for the ascertainment Of the controverted
facts; and the final judgment Of the court
aforesaid, shall be examinable in the su-
preme court of the State, and may there be
reversed or affirmed according to usages OF
| law, and it shall be the duty of tho Govern.
or to employ counsel in behalf Of the State
to prosecute such writ Of scieri tacias.
SEC "a. That general meeting Of the
stoc kholders of each branch shall be held
annually, at such time as the directors of
the bank shall direct at which time elections
for directors shall take place, TO which meet
ing the directors of the preceding year,
shall exhibit an exact and particular state
ment of the state, condition and affairs of
said brsnch; and general meetings OF the
stockholders may be held at any other time
when ordered by the board ofdirectcrs Of the
branch.
SEC. 25. Certificates of stock shall be is
sued to stockholders signed by the president
and cashier of the proper branch, and may
I be transferred on the books of the branch
to be kept for that purpose and not other
wise; in which case the old certificate shall
be surrendered and anew one issued. No
stock shall be transferred By any stockholder
when any debt is due, or is then owing and
to become due from such stockholder, but
BY the consent Of the directors of the branch,
and such stock books shall, at all reasona-
BILE times during the usual hours of transact
ing business, be kept open for the examna-
ton Of any person, having in his possession
, any note, bill or obligation On any branch
then due, and the payment Of which shall
be refused. And in case any officer having
charge of such books, shall refuse to perait
, such examination, he shall for every such
offence forfeit the sum of fifty dollars, to be
recovered in an action of debt by the person
SO refused.
Il SEC. IS. Stock shall he considered as
personal property, and may be sold on exc.
cuiion and transferred on the books of the
branch by the officer selling the same, but
!, in all cases be subject to lien in favor OF
the bank, for all debts bona fds due, or then
owing and to become due the same, from the
owner.
SEC 81. After the first election, no
stakeholder who shall not have held his
stock, for which he votes, for three calen.
r der months. previous to the day of election
shall be entitled to vote. and the number of
votes TO which stockholders shall be enti-
: tied, in voting for directors, shall be in the
r proportion following: that is to say for each
and every share not exceeding fifty ,one vote;
for every FIVE shares ever fifty and Up Ia
one hundred, one vote; for every ten shares
, over one hundred, one vote; stockholders
{ may vote in person or by proxy, but stock
\ holders who not residents of the United
5 States shall not be entitled 10 vote their
. stock. E-Er
; SEC. %. No president, cashier, clerk, or
teller OF said bank, or any branch thereof,
( shall be permitted to vote at any election Tor
n directors, as the attorney, agent or proxy Of
}. any stakeholder. No president, cashier, or
/; director of the bank, or president or cashier
4 OF either OF the branches, shall, during the
term of his office, be eligible to a seat in
: either branch Of the General Assembly oil
y this State.
k SEC. %. There shall be board Of direc-
j. tors of the bank, which shall be styled the
Board of Directors OF the Bank of the State
e of Indiana. Said Board shall annually, af.
,, ter its first organization, elect one of it's mem.
J. bers president, at such time ard in such
e manner as shall be prescribed by law, who
n shall hold his Iffice for one year, and until
i his successor is elected and qualified. Ii
It shall be bis duty to preside at all meetings
i of the Board, to call special meetings thereof
!, transac, all other bushes appertaining to his
i office or required by this act, or the bylaw G
II of said bank. He shall receive an annual
d salary, to be allowed by the board OF direc-
e tors of said bank, not less than one thou.
e sand more than four thousand dollars
'r payable quarterly.
SEC 80. The General Assembly may, a,
! its present session, elect four directors o
L.. A - L 4
the Senate, and two by the House of Rep
Q res ,ntatives. the House of Representatives
concurriDg in the election of those chosen BY
q Senate, and the Senate concurrng in the
I election of those chosen by the House o
: Representatives; but in case of a failure to
i elect by such concurrent vote after three
y trials, all said directors shall be elected by
the joint vote of both Houses. Said direct.
u ors shall, at the first meeting of the Boarc
: after their election, determine, by lot, which
y shall serve, for two years aud which for foul
g years, and thereafter; at each biennial sps
!. sion OF the Legislature, two directors shall
u be chosen in like manner, or in such mode
u as may be otherwise provided by law, who
shall hold their Office for four years, and un.
q ill their successors are elected and qualified
IS Such directors, or any one OF them, may a,
,, any time be removed by joint resolution oil
n the General Assembly. Their compensa.
d ton shall be fixed by the Board of Direct
ors: but the compensation of any member oil
= the Board shall not be increased during the
n term OF his appointment.
SEC. 81. Vacancies occurring in the Office
ueany State director shall be filled by ap-
K pointment, to be made by the Governor, an
- I'll the same shall be filled by the General
a Assembly. as in this Act is provided for the
g election OF directors.
SEC. 81 The Board of Directors OF each
II branch shall annually, and as often as a va
q cancY NAV occur, elect one director for the