Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1857-11-20

Src 8. This act shall take effect from its passage.
Approved, November 10, 1851
No. 4O.-AN ACT RELATING TO CERTIFICATES OF
STOCK IN CORPORATIONS.
is hereby enactd By NE General assembly Of the state Of
Permoyt as foHopSf
SEC Whenever any certificate of the ownership of any
share shares Of the capital stock of any corporation in this
State shall he lost destroyed, and the of such cerf
shall desire to obtain certificate for such share
shares he shall advertise such loss destruction with dc
crpton of the certificate two newspapers published in
the vicinity of the residence of such owner and one pubshed in
the vicinity of the place Of business of such corporation at least
five weeks successfully and notice of such loss with descrp
ton of such certificate shall he posted M in the Office of such
corporation for the length of time and three months after
such publication and notice other person claiming such shares
such corporation shall issue such certificate for
such shares, which certificate shall that is issued in
lieu Of one lost destroyed aud such corporation shall he
liable any person thereafter account of such original cer
fcae.
SEC 3 any person shall claim such shares by virtue of
such original certificate before the issuing Of such certificate
if such corporation shall refuse to issue such certificate
as provided III section one OF tins act any person interested may
petition the of chanccy for relief in the premises and such
court may any time such petition and notice, in summary
manner make such order in the premises the require
Approved November 10, 1857.
No. Alan ACT RELATING TO BANKS
Is hereby enacted by tie Gerai assembly Of the State Of
SEC l. tudl the session of the legislature the bank
commissioner may after full examination of any bank its sa
on and its previous his opinion the public good
requires as when or how soon proceedings shall he instituted
against such bank And the chancellor shall have, partial
full examination of the like discretion when
such may be disposed Of
SEC 3 This act shall take effect from its passage.
Approved November II, 1897.
No 42>-AN ACT IN RELATION TO SAVINGS BANKS
is hercJg edcted by he General assembly of The STATE Of
Vermon as toVows
SEC l. No president president treasurer secretary
trustee, or other officer Of any savings bank institution for
savings in this State shall hereafter at the time hold Office
president director, cashier any official capacity in
any bank of discount in this State
SIC. > This shall take effect on the first day of April
1855
Approved, November TO- 1857.
No. 43-AN ACT IN AMENDMENT TO AN ACT APl
PROVED NOVEMBER II, 1851 ENTITLED GAN ACT
TO AUTHORIZE THE BUSINESS OF BANKING"
II hereby eaactcd By Tie Geaera sSeabg Of the State Of
Vermont, fOi0ics:
Sec That whenever proceedings shall be have been
commenced for closing up bank act APPROX,
cd November H. 1851 entitled authorize the business
Of banking it shall be competent for any chancellor ap
CATION fix time be than four nor more than
twelve months for the presentation bills or notes against said
bank either to the of the such
bank for reempton and uavmen: notice of which ino o
be published such chancellor may direct and all bills or
presented within the time fixed shall ell
titled to consideration in the distribution of the
bank the hands of said publish
ed notice shall state, hut said shall be distributed
apportoned though all such bills had been presented
Pordd this act shall not be construed authorize
cha9celor order any bond executed under the provisions of
section fifty of entitled authorize the business
Of banking approved November into the hands of the
receiver of such bank
SEC 3 On application of the any person in in
tees in such bank the chancellor shall have power order the
securities IN the easuers hands into the receivers hands
his filing with the treasurer good and sufficient bond in such
the chancellor shall ORDER the acceptance such
urer or chancellor and to order the application of the proceeds
of such securities according to law
SEC g. Whenever any banking association, organized under
the general banking law shall closed either by the voluntary
act of the association by operation of law and when
association partly organized shall abandon fail complete
same the treasurer and secretary of State are hereby
and directed to destroy all such bills when redeemed and the
sheets blank notes and plates of such organized unoanzcd
association.
SEC. A. This act shall take effect from its passage.
Approved, November TO- 1857.
No 44-AN ACT IN AMENDMENT OF AN ACT ENTI |
tiled Z" AN ACT TO AUTHORIZE THE BUSINESS OF |
BANKING" APPROVED NOVEMBER II, 1851
is hereby enactd By he General assembly Of NE State oil
Vermont, f6UoCS:
comersgned and registered specified section four of
entitled act to authorize the business of banking approved
November II 1851, shall at any time hereafter when payment
thereof shall be demanded during the usual hours of business be-
tween the hours of ten and three o'clock the place where such
note notes payable fail refuse redeem such note
or notes the lawful money Of the United States holder off
such note making such demand lodge the said note
notes. accompanied with his affidavit that snch demand had
been made and payment refused aforesaid with the treasurer
OF the State and on receiving such and affidavit
the treasurer shall proceed IN the is proyd
ed in said act IN cases where protests filed with such
SEC 3 So much of said four as requires such note
notes to be protested for hereby repealed
SEC. g. This act shall take effect from its passage
Approved, October 3D. 1857.
No. 45.-AN ACT IN ADDITION TO AND IN AMEND
MENf OF CHAPTER ElGHTYFOUR OF THE COMPI-
LED STATUTES IN RELATION To BANKS.
IT Is hereby enaaed By The General Assemby Of he State Of
Vermont, t0HoDS:
ting the affairs of the banks in this State provided in cape
eightyour OF the compiled statutes the amount of
loans in each year. by each Of thebaks in this State to ud
ua residing and corporations and companies located
acting business without this State and the amount
of such loans and the State States in which such individuals
corporations and companies reside located shall be
in the annual report of said commissioner
SEC. 2 This act shall take effect from its passage
Approved, November TO- 1857
No. 46.-AN ACT in ADDITION TO CHAPTER EIGHTY
FOUR OF THE COMPILED STATUTES, RELATING no
BANKS