The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-04-03

of the said association had been increased
during the preceding six months, If there
shall have been any increase of the saFd cap
ital, and the names of any persons who may
have become parties to the said articles Of
association, or may have withdrawn there
from since their last reports.
It shall be the duty of the Auditor TO cause
the staement required to be made by tins
section, to be published in newspaper
printed in the county where the place OF bus.
mess of such association is situated, and in
some paper published in Indianapolis, the ex-
pense Of which shall be paid by such ass ocia-
ton: Provided, that such private banker, or
banking association, may select such paper,
and make the contract for such publica-
ton.
Sec %. IF such association shall neglect
to make out and transmit the statement re.
CURED in the last preceding section, for one
month beyond the period when the same is
required to be made, or shall violate any of
the provisions of this act, such association
may be proceeded against and dissolved by
the court. on application of the Auditor, or
any creditor thereof, in the same manner as
any moneyed corporation may be proceeded
against and dissolved.
SEC. 90. IF any portion Of the original CAP.
ital Of any such association shall be withdrawn
for any purpose whatever, whilst any debts
OF the association remain unsatsfed, no d.
vidends or profits on the shares of the capital
stock Of the association s! all thereafter be
made until the deicit Of capital shall have
seen made good, either by subscription of the
shareholders or out of the subsequently &C.
cming profits of the associations; and If il
shall appear that any such DIVIDENDS have
been made, it shall be the duty of the Circuit
Court Of the proper county, to make the me-
cessary orders and DEGREES for closing the
affairs of the association, and distributing its
property and effects among its creditors and
shareholders.
SEC. 80. The President and Cashier OF
every association formed pursuant to the
provisions Of this act, shall at all times keep
true and correct list of the names Of the
shareholders of such associe ton, and shall
file q copy of such list in the office of the
clerk of the county where any Office of such
association may be located, and also in the
Office of the Auditor of State, on the first
Mondays of January and July in every year.
Sec. 81. 1t sh all not be lawful for any as.
ISOLATION formed under the provisions of this
act, TO make any of its bills or notes of a de-
nomination less than FIVE hundred dollars, to
be put in circulation as money, payable at
any other place than at the Office where the
business oil the association is carried on and
conducted.
SEC. 80. The Legislature may at any time
alter or repeal this act.
SEC. 33. No association of persons autho-
- Il, H. l.:
der this act, shall at any time, for the space
OF twenty days, have on hand at their place
Of business, less than twelve and half per
cent. in specie, on the amount Of the bills
or notes IN circulation as money.
SEC. "a. This act to be in force from and
after the first day of July, one thousand eight
hundred and fifty-two.
Sec. 35. Whenever it is proven that any
note or bill issued by any person or associa-
ton authorized by this act, has been irrecov.
erably destroyed or lost, the person who may
have been the holder thereof, shall be enti-
tied to recover the amount SO lost or destroy.
ed.
Sec 26. Every officer, agent, or clerk of
such Bank of association, who shall wilfully
and knowingly subscribe, or make any false
statement or false entries in the books Of such
person or association, or shall knowingly sub
scribe or exhibit Ialse apers with the intent
to deceive any person au ihorized to examine
as to the condition Of such Bank or associa-
ton, or shall wifully and knowingly subscribe
or make false reports, shall be deemed guilty
of felony, and shall De subjected to imprison-
ment at hard labor in the State Prison, for
such term of years as the Jury trying the case
may think proper; and likewise any commits
sioner, examiner, master in chancery or Judge
wilfuly and knowingly subscribing or max.
ing any false report, shall be deemed guilty
of felony, and be subjected to like penal
| ties.
SEC. 81. No director shall either directly
or indirectly borrow from said bank or assoc
citation, on loan, discount, or any other mode,
an amount larger than double the amount of
stock owned and held by him in said company
except on bona fide bills of exchange drawn
payable out of this State.
SEC. 80. No Office or stockholder, or other
person connected with the management OF
the bank, shall act as notary public there
for; BE and the same is hereby amended to
read as tolious:
SEC. 2. Any number of persons not less
than eleven, a majority of whom shall be
resident citizens of this State, having in the
opinion of the Governor, Secretary and
Treasurer Of State, complied with the neces-
sary provisions OF this act, as hereinafter
specified, may make application 10 the Au-
ditor of State, who shall cause 10 be engraved
and printed in the best manner, to guard
against fraud and counterfeiling, such quality
of circulating notes in the similitude of bank
notes, in blank of the different denomina-
tions hereinafter authorized to be issued, as
may from time to time be needed to meet the
demands Of those organizations, for the pur-
pose Of Banking, as may correspond with the
receipt of the Treasurer OF State, as herein
after stated.
SEC. 3. Nothing herein contained shall be