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

its business: or second such as shall have
been r.or.g aged 10 ii in good faith BY
way OF security for stock. ioans pfevi-
.hird, such as shall have been conveyed
10 it III satisfaction Of de5t previously
contracted in the course of its dealings;
or. fourth. such IS shall have been pur
chased 6, sales upon Judgements. DEGREES
or mortgages. obtained or made for such
debts; and the said Bank shall not pur.
chase. hold or convey zeal estate in any
other case. or for any Oth-r purpose; and
ell such real estate not absolutely neces
sary for the convenient disc barge ofits
business. shall bs set up, al least oOce q
year. at public sale. describing The prop
er,y SO to besSold. and the name of the
mortgages. in at lesst one news paper in
.,,, pIscinc three written notices in the
mos, pu.,ic places in the town where
the hank is loca:-d. and shall be sold II
the same will bring The amount VI VIC
De bt. interests and costs Ter wh'ch the
same may have been bought. received or
taken by .he bank. and which shall re-
.rmsin after deductIng all profits received
therefrom.
Sec. z. All conveyances of Iehl es-
tate shall be signed by the President of
the Bank. aud have affixed the seal there
Of
SEC. 8. That said Bank shall not at
any time suspend or refuse payment. Ia
gold or silver. of any of its notes. eills,
or Obligations due or payable. nor of any
moneys received upon deposit; and 1t
said Bank 8, any time refuse or neglec,
90 pay any bill. note or obligation issued
by said Bank. If demanded within the
usual banking hours. al the proper branch
where the same is payable. according TO
the contract. promise. or undertaking
therein expressed. or shall nrglec; OF
refuse 10 pay on demand. as aforesaid.
any moneys received on deposit. To the
person or persons entitled 10 receive The
same. then. and in every such case. the
holder of any such bill. note or ohliga-
ton, or TIE person OF persons entitled 10
demand or receive such moneys. as afore
said. shall respectively be entitled To
receive and recover interest on their de
mands. until the same shall be fully
paid aud satisfied. al the rate Of twelve
per cen,um per annum. from the time Of
such demand. ss aforesaid; end any branch
so failing TO meet It's engagements may
be closed as in case OF insolvency.
SEC 9. The said Bank. and each and
kxr.,cb thoro0f ch.il ly he
RESPONSE bic for all the debts. notes and
engage men;s OF each other: and the stock
holders of each and every branch shall ne
held and bound TO on amount over and
above their stock equal To their resptc-
tive shares Of stock. for ali the del BITS and
/ liabilities of said bank OF any OF bet
branches.
SIC. 10. All suits or actions against
said Bank. or any contract or engage
mont made. or liability incurred by ih'
Board Of Directors of The Bank. or any
contract "r engagement made or liza bilti,
incurred by the Board of Directors o
any branch. or on any bank bill OF note
shall De brought against the Bank OK III,
State of Indiana.
SEC H. The process in such cas-
shall be- a summons. and shall be serves
on the President OF The Bank. in all case
where tho contract. engagement or In
/ biliiy sued for shall have been made b.
the Board of Dire ctors of said Bank; an
in ali cases Isl here the contract, engage
ment or liability sued on has been mad
by branch. the process shall be serves
on the President of such branch. and 81
also where the suit shall be brought al
! any bank bill or note. the process shall
he served on the President Of the branch
a, which such bill or note shall have
been made payable; or. in all such case
copy OF the process NAV be left at Ia
banking house. or brsnch. or place o
doing business Of the bank, or OF tn
proper branch the case may be. durin
the usual hours Of business. which shall
be good service. And i, is hereby mad
the duty Of the President. ar any othr
officer 81 snch branch knowing of sue
service, forthwith TO notify the Presi
den, snd Directors Of the bank thereof
In oil suits brought egains, said bank
on any note. engagement or liability Q
any branch, suit shall be brought in tn
county where such branch may be situate
and all suits brough, against the bank %
any npts. engagement or liabili'
Of the bnuk shall be brought in the cour
~ of Marion.
SEC. IL. There shall be no stay c
execution on any judge ment against sal
bank. nor shall she be entitled on judge
meni or execution against her TO tn
benefit Of valuation and sppraismer
laws.
SEC. 10. Said bank shall re entit!e
to charge and receive for moneys ioane
the legal rate o. interest established b
la " in this State. and not more. and IN
same may. according to bank rules. .
: taken in advance out Of the sums loaned
and may be computed according 10 IN
standard and rate set fort IN "Rowiei
. Tables" reckoning the days for which
note or bill has run iuclusiyeiy; but
shall not. directly or indirectly. plac
any money in the hands of any broker O
other person 10 be loaned to Others. O
charge. take or receive. interest. con
persation OF benefit whatever from an
loan made by ony other person or part,
,rlo,b., euch loan be made from Its Ow