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

everv such offrnse, forfeit the sum OF I'll
~ dollars. 20 be recovered in an action
of debt By the person so refused.
SEC rs. Stock shall be considered
as personal property. and may be sold
on execution and transferred on the
books o: the branch By the officer SELL
ing the same. bu. in all be cases the sub
ice, to lien in favor of the bank. foI
all debts bona fide due. or then owing
and to become due the same, from the
owner.
SEC. 81. fter the frs, election. no
stakeholder who shall no, have held his
stock, Tor which he votes, for three cal
endtY months previous 10 the LAY oil
election. shall be entitled to vote; and
the nnmher Of vo,esio which the stock
holders shall be entitled. IN voting for
directors. shall be in the proportion fol
lowing: that is to say. for each and every
share not exceeding fifty. one vote: for
every five shares over fifty and up to one
hundred, one vote; and FOR every ten
shares over one hundred. one vote; Moch
holders may vote in terson or by proxy.
bub oiNA WIZ o'N NV " ShNN u -
Of the United States shall moi be EMIT
led TO vote their stock.
SEC. IS. No Psesident. Cashier. TIL
Ter u, Clerk Of said Bank o. sny branch
,nqrenf. shall be permitted TO vote a,
any election for directors. as the attorney,
sgen, or proxy of an, stakeholder. No
President. Cashier or Director at The
bank. or Prtsiden, or Cashier Of either
of the branches. shall. during the term of
his Office. be eligible TO SEA, in either
branch Of The General Assembly of this
State.
SEC. %. There shall be Board of
Directors of the bank. which shall be sty-
led the Board Of Directors Of the Bank Of
the Stats of Indiana. Said Board shall
annually, after lis first organization.
cleo, one Of its own members president.
al such time and III such manner as shall
be prescribed by law. who shall hold his
office one year. aud until his successor is
elected and qualified 1t shall be his DIR.
~ to preside "a; oil NEE tings OF the board.
to call special meetings .hereof when h.
shall deem il necessary. and 10 Transact
other business app.r,ainng 10 his Office.
or required by this act. or the bylaws OF
said bank. lie shall receive an annual
-a.ary. to be s:lowed.by the Board Of Di
rectors of said bank. not less than one
thousand nor more thon four thousand
dollars. payable quarterly.
SEC. So The General Assembly may.
a, its present session. elect four Direcs
ors Of said bank. two Of whom may be
chosen by the Senate. and two by the
iioocc of p~r.os~-s tativss. the Hnnse nj
| representatives concurring in the cleo
,ion Of those chosen BY the Senate. and
the Senate conCurring in the election OF
those chosen by the House of Represent
atives; but in case of failure To sel-c'
by such concurrent vote after three tn
ais, all said Directors shall be elected u,
the Joint vote Of both Houses. Said Di
rectOrs shall, at the first meeting IF ,hs
Board after their election. determine. bl
lot. which shall serve fer two years. anC
which for four ears. and thereafter, q
each biennial session Of the Legislature
two Directors shall be chosen in lik'
manner. or in such mode as may be 9th
erwise provided by law. who shall hole
their office for four wears. and until thei
successors are elected and qualified -
Such Directors. or sny ono of Them. ma,
at any time be removed bv join, resolu
ton Of the General Assembly. Thei
com pensation shall he fixed by the BOar'
of Directors; but the compensation O
any member of the Board shall not b
increased during the term Of his appoint
meni.
Il SEC. 81. Vacancies occurring in IN
office of any State Director sh-ll be file
By appointment 80 BIZ made by the Gov
ernor. until the same shall be filled b
the General Assembly. as in this &C
is provided for the election Of Directors
SEC. 80. The Board Of Directors @
each branch shall annually. and so ofte
as vacancy may occur. elect one Direo
:or for the bank. whose compensate
shall be fixed by the branch Directors
and paid by such branch.
SEC. SO. Ii shall he the duty OF sal
branches TO receive and pay out the r'
| enues and funds of The State. under IN
direction and control Of the Treasurer q
r State. whenever The Legislature may s
= direct.
SEC. "a. The Board Of Directors {
f the Benk shall have power To appoint
Cashier. and such other inferior office,
and agents as may be necessary to carr
\ on their business. TO fix their term Of Of
E fee and compensation. and require sue
{ bond and security from them as they ma
I from time 20 time deem expedien;.
SEC IS. The directors OF the ban
shall have power to limit and control III
, amount OF discounts and loans Of IN
| branches. after they shall amount TO on
and quarter of the amount Of capitt
| stock paid in. TO settle and adjust the NJ
/. counts and balances between them. an
for good cause may suspend the opera
lions of the same. They shall have pow
er. and i, shall BE- their duty TO regulat
, and equalize the State funds and publ
deposits that moy be in bank. and ma
transfer the same from one branch TO al
! other, rs circumstances may require: bu
they shall in no case withdraw any pal
Of The capital stock Of any branch. or an
r part of its local funds. without the cor
sen, Of the Board Of Directors Of sue