The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1857-12-30
LAWS OF VERMONT.

No. 41.--An act relating to Banks,
n is hereby endefsd, d.,
Sec l. Until the next session Of the legis-
lsture, the bank commissioner may, after
| full examination Of any bank its situation
and It's previous course, set as 10 bis opin'
ion the public good requires, as to when or
how soon proceedings shall be Instituted g.
ssit,st such bank Aud the chancellor shall
have, on partial or full examination Of the
case, like discretion TO when or how
soon such case may be disposed of
Sec. 2 This act shall tate effect rom Its
passage.
Approved November ii 1857
No. 42.--An act in rsiat'on>t sayings
Banks.
n is he7eby enacted. fc
( Sec | No president vice president, treas
/ urer secretary, trustee or other ofhcer Of
Anv saving bank OF institution for savings in
this State, shall hereafter at the same lime
hold office as president, director, cashier or
, In any other official capacity in any bank Of
. discount In this State.
Sec Q This act shall take effect on this
! frst day of April, 1853.
Approved, November 10. 1857,
No. 43.-An act in amendment to
an act approved November II,
| 1901, hll bCt w
the business of banking"
MS hereby enacted, f.c.
Sec | That whenever proceedings shall
| be nr have been commenced for closing up
auv bank authorized by the act approved
| November II 1851, entitled IAN act To au.
thorize the business of banking" IL shall be
! competent for any chancellor, on applica-
ton TO e. time to be not less than four
nor more than twelve months for the pres
entatiou Of bills OF notes against said haGk,
either to he treasurer Of the State or iecriS-
er of such hank for redemption ahd pay
meut notice Of which time shall be pub.
lished az snch chancfH"r may direct aud
all bills OF notes not presented "ithln The
time so fixed shall not be entitled To consid'
era,ion in the distribution OF tho assets of
said bank III the hands Of said treasurer or
receiver, and such published notice shah so
state, but said assets shall be iistriout' d and
apportioned as though all such bills or notes
had been presented PrOrided, this act shall
not be 50 construed A. to authorize the chan
celof to order any bond executed under The
provisions of section fifty Of so act eutitled
an act to authorize the business OF banking,
approved November H. ls6l into the hands
Of the receiver of such bank
Sec 2 On application OF the treasurer OF
any person IN interest ia such bark, the
curities ia :he treasurer hands into the re-
ceiyci 5 h. uds, on his filing with the treas
urer a good sufficient bond, in such sum as
tue chancellor shall order, u the acceptance
oil such treasurer or chancellor, and to order
the application uf the proceeds oi such se'
curities according to law.
Sec & Whenever any backing association
organized under the geDeisi banking law,
shall be ciossd, either by the voluntary act
1t ft,s he I.,u ,t i.xy
when any association partly organized shall
abandon or fail 10 complete the same the
treasurer snd secretary OF State ale hereby
empowered and directed to destray all such
bills when redeemed. and the sheets, blank
notes aud I lates of such organized or unoi-
gsnized association
See. 1 This act shall take effect from its
passage
Approved. Ho.ernber 10. 1857
No. 44.---An act in amen'H eps of an
act entitled "sn act TO authorize the
business Of Banking" approved
November II, 1851
IL Is hereby enacted. de.
Bee. J, IL case the maker oi any cirenls
ting note or notes, countersiEned and regis
| tered As specific in section four Of sn act eD-
! tltiri Gan act to authorize the business of
banking" approved November II. 1851 shall
at auY lime hereafter. when pay msn' thereof
shall be demanded during the usual hours OF
! business between the hours Of ten aud three
| O'clock. at the place where such pote< or
notes Is or are payable, fail or refuse to re,
deem such note or uotee 10 the lawful money
! of the United States. the holder Of such note
or notas making such demand may lodge the
| said note or notes, accompanied with his sf
| idavit that such demand bad been made and
/ af..r NTH q
! ur-r Of the State, and on receiving such note
or notes and affidavit, tho treasurer shall
| proceed 10 the same mann a. now pro
| vded IN said act in cases where protests a'e
! filed with such treasurer.
Sec I. 80 much of said section fuut as
| quirss such note or notss to be Protested I or
non. payment Is hereby repealed
! Sec 3. Thi, ACT shall take effect from il.
passage
| Approved, October 20, 1857
No. 45.--An act in addition to and in
amendment. Of chapter Eighty four
of the compiled statutes, i'll relation
to Banks.
II IS kersbg ,aGefsd, d-e.
| Sec. l. The bank commissioner shall, At
the time of inspecting tbs affairs of the banks
In this State, as provided in chapter eieh
ty -fonr OF the complied statutes, ascer-
tain the amount OF loans m each year, by
each of the banks in this State, to individ
uais residing aud corpora tions, and comps n
les located and transscting business without
this state aud "a statement Of the amount
OF such loans, aud the State nr States in
which such individuals corporations aud
companies reside OF are located, shall be
made In the annual report Of said commis.
| sioner
Sec :? This act shall take effect from its
passage.
Approved, November 10 1857.
No. 46.-An act in addition to chap
ter eighty,four Of the compiled stat
utes relating to Banks.
II is Aersby enacted, d'c.
Sec. !. II shalt he the dniy VI the hank
commissioner annually during the months OF
January and February, 10 ascertain whether
there sre any banks in this State whose di'
recturs have not given the bond required by
scctious fifty seven and eighty seven ofchap,
ier eighty -four OF the complied statutes and
upon ascsrtaining that thei e are such. II shal
be the dnty OF said commissioner 10 nle viii
all such hanks written order, therein re
quirne the directors of such banks 10 pro
a La. a. xtat.. q.