Sauk Rapids frontierman. [volume] (Sauk Rapids, M.T. [i.e. Minn.]) 1855-1860, 1857-09-10

all monies received, and by what author
ity, and from whom.
SEC. H. Suitable laws shall be pass
ed by the Legislature for the safe keep
ing, transfer, and disbursement Of the
State ond School funds, and all of1icersj
and other persons charged with the same
shall be required to give ample security
!. for all moneys and funds of any kind, TO
keep an accurate entry Of each sum re
Iceived, and Of each payment and trans
fer, and if any of said officers or other
persons shall convert to his own use in
any form, or shall loan either with or
without interest, contrary to law, Or
! shall deposit in banks, or exchange for
,lother funds, any portion Of the funds of
1.-THE State, every such fact shall be adj
Judged to be an embezzlement of 80
!, much Of the State funds as shall be thus
J taken, and shall be declared felony
and any failure to pay over or produce
the State or School funds ;ntrusted to
such persons, on demand, shall be held
: and taken to be prma facie evidence of
such embezzlement.
> SEC. Is. The Legislature may, by a
e two-thirds vote, pass General Banking
) Law, with the following restrictions and
Requirements, viz: 8s
: First, The Legislature. shall have no
''|power to pass any law sanctioaing IN
.iany manner, directly or indirectly, the
y suspension of specie payments by any
y Iperson, association or corporation issu-
o ing bank notes Of any description.
i. Second, The Legislature shaIl pro
',Fvide by law for the registry Of all bills
or notes issued or put IN circulation as
:e money, and shall require ample security
, in United States stock or State stocks 70,
e the redemption of the same in specie
and III case of a depreciation Of sale
IN stocks, or any part thereof. to the amount
'eIof ten per cent. or more on the dollar
1.-THE bank or banks owning said stock:
or shall be required to make up the defc
y tiency by additional stocks.
tn Third, The stockholders in any cor
0, poration or joint association for bankin:
J" purposes, issuing bank notes. shall b.
NJ individually liable in an amount equal t,
$, double the amount Of stock owned b,
al them for all the debts of such corpora
oe ton or association, and such individual
= liability shall continue for one year at
n ter any transfer or sale Of stock by an
or stakeholder or Stockholders.
u Fourth, In case of the Insolvency G
~ any bank or banking association, III
in bilhoIders thereof shall be entitled t
4 arc fsra,re ~ n,rrant ovar 81, otha
", &c
y" creators OF snch oank or assocIatlon'
90 run, ANY general BANKING Lay
= r which may be passed IN acc0idunC
, with tl,;s Art;cIa shall nr,vif1e Cor roci>rA
All Gg the names ut al stockholders n sue
J." Corporations, the amount OF stock bel
by each, the time .nf transfer. and b
u" uA,,,, tr,nsr,rod
~
., tAHrfct.ssfI Il N rFr,-. or LVyp portions Hnria
,'' no E1nhin4 Privileges.
~ 1oc,;o, rrh, ,r, .s r'or,,,~.,7,s >, ,s ,,.c
IN tbs ,,;;cl.s s1.y Ina Construed 10 ;ocigairo
Ike ,ss,cI.ti,ns ard ,,,s stncr, ,cr,,.ies having ar
by r. thr ,yars ma nr;y;oras vat n,ssosse ~ i
w. l,>,id,a. or na,,nershin. aycert such - eo1ra
ltaolina nrjviIeors and ali cnrpo,4,jonz shall Ia,
"' rho rirbi "a .pe and shall l.. Iiabio T., he sued
IT. All cont,s in like manner ~ uatnraI narsnns
nd Sec,ion ?, y, cnroora,jon shall he formed Ii
Nv der sDecia, acts nyccnt for nuucin,, parpo,es
&C. SIC. s Each stock h,l}er in anv corrorati
shall he ,h.e tn thc an7o,,nt of the stock held
SoIov.ued by him.
en- See 4 Lands may be fa,pn fir njb,ic w,
ch m t5o nrr,nsr n r r+ 'n no ' an ~ r,rn,c,r;,n
the {tancbi<e Of wav for public use. h all cas-,
49,. however. fair and equitable enumeration sh
CIV I've naia ror snch lana aud the DAMAGES arisi
ca from the taking Of the same Int all corporate
re-, hoin, c,r,,,o carrars sn;,,, ,,, r;rhf If ~
nil N pursuance az the nr,vsianS of this sectil
bt shah be boond 6, carry the mineral, arricuI,u
ma otho~ nro3pctions or manufactures on en-
ATE and reasonable terms
rks
rty AN LEE = = Io@"1tsS az" Ao0Hs4EP
, IN Section L. The Legislature may, from time
\ time, establish aud orgnnze new countless but
''0' new county shall contain less than four hund
the square miles nor shall any county beredo'