Litchfield enquirer., 1856-07-17
PUBLIC ACTS,
PASSED MAY SESSION, 1856.
OFr1cE or SECRETARY OF STAT

of the General Assembly, respectfully requested to publish said Acts in the numerical order here fol lowing, and to comply strictly with the provision of the sixth section of 'An Act relating to certain State Officers; and to the Treasury Department"
 N. D. SHERRY, Secretary of State.
 CHAPTER V. -% An Act in alteration of An Act passed at the present
 session of the General Assembly, entitled " An
 Act in addition to, and in alteration of An Act.
 entitled An Act authorizing the establishment of
 Savings and Building Associations"
 Be it enacted by the Senate and House of Repre- sentatives in General Assembly convened: ha
 SEC, l. That upon all contracts leSalized by the Act passed at this session. of which this in alteration, no bonus shall be hereafter taken of greater rate than one half of one per cent per m th, payable monthly, in the manner specified in such contract and greater rate of bonus shall be hereafter taken upon any such contract the said contract shall not bc confirmed or rendered valid by anything contain c! in said Act, nnd nothing contained in said Act shall affect any suit CT proceeding at law or equity now pending. But it is provided that 1t shall be lawful for any party to whom money hes been loaned by said corporation, upon any contract legaIized as aforesaid. with such monthly bonus, to withdraw from the Association making said loan at any time before the lst day of January, 1857, upon his surrenderng to said Ass, .iation, his shares of stock therein upon which said loan was predicted and paying to said Association such sum of money may be found to be dss, by charging said party with the principal loaned to him, and interest thereon at the rate of twelve per cent per annum, and cledi;ing said party with the amount of all payments made by said party to said Association, on account of said loan, whether by way of interest, bonus, iIstallmcus on stock or otherwise, together with interest upon said lnstalmcnts of stock, from their respective payments at the rate of twelve per cent, per annurN. And if upon such sum 50 found to ba due being rendered to said Association by such party wit!in the time therein limited said Associa- ton shall refuse to accept the same, and to discharge thc ind, edness created by said loan, and to execute a valid release of the real estate other property upon which such loan may be secured then, and In ct h ion receive only such principal amount so loaned.
 SEC 9. No corporation shall be hereafter organ izcd under tie law authorizing the establishment of Savings and Building Associations, approy ed June 22d, lS5O unless all thc stock shall be owned and held by borrowers of such Corporation to equal amount of their respective stock when full and matured, nor shall any such Corporation heretofore organized in- crcaac its capital stock, by the issue ot new shares, except to such persons shall borrow upon pernan- cnt loan of such Corporation, sum of money not less than the amount of their respective shares of stock when matured. the bonus being payabla monthly, or deducted from said sum in advance, as the may be.
 Src 8 This Act shall take effect from and sfter the day of it's passage
 Approved, June 27th, 1856.
 CHATTER VI. An Act in alteration of An Act entitled An Act relating to Banks. Be it enacted by the Senate and House of Repre- sentati yes in General Assembly convened; | That much of the fourh section of the Act re- lating to Banks passed May session 1855, and ap- proved June 20, lSf5 as provides that exchange not exceeding half of one per cent. may be charged for checks, drafts, ar bills of exchange on New York, Boston, Providence and Albany, and at the custom any rates on other places, where the party getting the loan or discount requests such check, draft or h! of exchange, and that further provides that any bank lanlin% association may tako and receive the current rate for collecting notes, hilis bills of change. payable at any other place than where tho same was discounted, be, and the same is hereby ! repealed.
 Approved, July 2l, 1856
 CHATTER VII
 ! An Act in addition to ''An Act concerning Commit mites and Corporations. Re it enacted by the Senate and House of Repre- sentatives in General Assembly convened: That where the capital stock of any Bank which has accepted the provisions of An Act with regard to suury Banks organized under inc Act of lS52, gen titled An Act to authorize the business of Banking approved June lGth, lSJ5, at the time of such acceptance divided into shares of fifty dollars each such stock may remain so divided notwithstanding tine provisions of the third section of said act.
 Approved, June l9th, l966.
 An Act in addition to An Act concerning Communi-
 ties and Corporations. | Re it enacted by the Senate and House of Repre- / Scnatvcs in General Assembly convened
 That the SelectmCn of any town in this State where the Annual County Agricultural Exhibition and F air is held, be and are hereby authorized and empower cd to appoint not to exceed fifteen De, sons in ad- don to the present police force of said towns to act special constLbles in thcir several towns during the time of such annual exhibition aud fair. Sail persons appointed, and all shcrilfs and special stables of said towns then in office, shall have and exercise during the time aforesaid all the powers and duties of constabes within the limits of said towns , except in regard to civil actions
 i Approved, July 1st, 1S5G
 CHAPTER TX.
 An Act in addition to ' An Act relating to Commit mites and Corporations" 1 Be it enacted by the Senate and House of Repre- ! sentatvcs in General Assembly convened
 SEC l. That any corporation organized under tho act to which this is addition, which now bas or which may hereafter have lien upon the stock of any stoc ahoidcr therein provided by section 209th of sa act may give notice to sut h stockholder, that { unless such st ckholder shall thin three months from the time of giving such notice pay his infebt- eness to said corporation then such corporation will proceed to sell and transfer he stock of such stock hoder in said corporation and aid corporation may sell the stock of such indebted Gtockho'der as herein- after provided, and any such corporation may pre- scribe by is bylaws the manner of giving the notice required by this section.
 l SEC. Z Such corporation may at any time within six months after they shall have given the notice re- quired by the preceding section, to such indebted stocholdr of their intention to sell such stock And three months notice shall have expired advertise in one or more newspapers published in tle county where said corporation is located and if there ;s no newspaper publi he'd in said county, then fin news paper published in an adjoining county giving at least three weeks notice of the time and parc when and where such stock will be sold. and st tbe lime and place of sale shall state the amo,nt dne from such stockholder to snci, t,e