Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-06-02
COUNCIL BLUES, IOWA. V IpaESDAY MORNING -

IIEEysr.sd 81 ID pFess dsnss rAsssIsf af prasl
d csna1 Ks III klaa osAe4 as Sazsee Qf bgsMl
j nssa sf tas corpnka aki6A, the powers An
i anales nc sms aaeh s0saasassQn evSF
I sgskh hs u s asse 1haIl aaass and asins
) an5 III kAe Qsaesa SOS @ea1A viii xh
! ~ ~sasas skaif bs pF0kf - ssgp u
J sag eansnal pTes AA 4 nnlssa til "a
b deeisiga BIZ aeatae og Eha eonra iM No
! pEupseaisaks HAy hs haR ffeF bhe NnguSn
: msns hi reserves md windlng nR Ill tk
aHaIss o9 De noSp atFon, ~ shaiIf b II
terninad shas alaeh onrpoF#k lon wae aEl
haand u nay sha mose q Dill I'll agogs
aaids Tie pF0gass shereok % tie eonsRax.
! aotwi kkskanasi ng, peosid idlAg thAs eAs Ia
j gal sxiateace 81 fhe corporation AhAl
/ Continue for purposes AZ RRca@edin&s 81
courts for and sgsfnat kh8 saEnss Rad b
! aYpidIng the l0ss of pYppasty oE anY
kind. for want aF d paEson IN baing "
bald ths salaa, but geF no eEhAr parposs
! whatever, and il shaii be sha daky 81 sAs
Aaditog 70 apply 9 any Jpdge VI %
il shall ha 70 appeiAt a aialnkasshgsa
psgaoa o. nesaonel > RseslyeF ~ KessSe.
srs whp ahaIl reside il she county Il
whieh Tia bank il siknaGeds b take thG
aasets and prapersy of syegy suOh coz
p0ration into he &c their possession, And
eoIlecs and apply all suoh aasets Ard
property a. may coma into hig or shaiE
possession nnasr sha diraekion 0f the
/ District Court Of The oonnty In which
the corporation was located, 1ss--so the
/ redemption OK payassna Of circulating
notes 2nd-to tbs paygasnk ef dspo si ks;
3rd-to the psyuaaR9 of al other indebt-
eanessa Ath-ko shs payment Of atoak-
holders If the Auditor shall not pro-
cssd to Wind up the aAaizs ef sssh ear
porakiaR on the reception and 6ling by
him Of The protest aforesaid, the holder
OF such protested noss shan hava snch
| rights at Law and equity against such
/ corporation a. any eredikoF has against
hls debsor according 10 the laws Oh this
state. Receivers app0inted under sha
provisions of this aeG shal giYs bond
and security as may be required BIZ Ehs
Judge OK tho Court appeinsing them.
~. Thsa the diasri rihution and appsi-
caslen OF all Toe neanss assess aad pgap-
| erty OK suah eorporaki kion 9as shall cosaa
into the hands Of sny sueh RecsiT-
| er or HscaiYegSs or SHALL be IN khs hands
! Of sths Aaditss, shau Rrsa bs ApplIea ID
payment and aaliafastian Of all notes le-
! sued - and for eirca1ating medium hy
any other such corporation. - 1''-'. = /
! 4 30. Stock. holders in corpoEstions
/ organised aades the provisions Oh this
aot shall be indiyidaally y and saveralIy II
/ able to the creditors of the corporate n
| OF which they ara stoek holders or share
haI ders oves and Aboys the Rmonns of
| stock By them held, 10 an amount equal
| to thar respective shares 80 held, for all
lta Liabilities acorqiag while they rs.
NAMED stock-holdsra, and no transfer
of stock holders, and no transfer OK ataek
shall aaact such Liability and should
any such association become iRsolyenE
/ and its assets be found insufficient 10 par
/ its debls and liabilities, its stoak-hola- I
srs may be compelled to pay such def
cieney in proportion to the amount Of
stock owned by each, aud should the
whole amount for which atock-holdsEs
aEs Individually res ponaibls, as provided
in this seesion, he found in any case 10
be inadequate to the paymsat Of all the
residue oT the dahka az say corporation
after the application Of Its &ssess 10 Eha
paymeas OF Rach debts, thea the moneys
due from stockholders on account of
their Individual lishilitiss As sush, shah
be distribqtsd equally AMONG ell the
creditors OF such corporation, in psegor-
ton 10 the amount due to each, The
FszsoaSl liability, in this section proVi- |
ded for, is ever and abava the stock own- |
ed By Stockholders and any amount un-
paid thereon. -..
3 81. 1t ahall be the duty Of ths ofa-
GERS having charge Of any baak estab- I
lishOd under the provisions Of this act,
to cause to be made cut Oh the hrst Mon. /
day Of January and Jgly Of each year
duplicate statements showing the names
at length and place Of residGnse al each |
stock holdeE, at such bank, tagether With |
the amount Of stQsk owned hy each, and |
tbs transfer OF al stock, the dass at sach |
transfer, the amount so kraaSgeEEed, and |
the persons hy and TO wham tFaSSfe2Sed, |
ana ot whish statements ahall be poated !
in some conspicuous place in the bank- |
ing house, and ahau be continually ak
posed to public inspection during abe |
banking hours. The ether OK said stata- /
ments shall bs caused by the bank 10 be |
flied with the Recorder Of Dssds in the |
ao4aky ia which SUCH haak Ia locsted, |
and copy al such last named sestament |
duly certified by the. Recorder ia whsse |
ofase the same u aled SHALL be prsaaa 20
eia eyidsnss OF the faess therein eoakain-
ed in any court oil insties in this State.
81, That each and all shs provisions |
Of this act shall apply to and central in
81! rsapecss &ny banker who shall soa-
duct basiness ander tbs pEaTisians of !
this Law, whether the word banker IL or
Is not used in aay saeh provias0a. ~ r-
80. Thsrs shalI be elected ct each |
regular hieaaiai session of the Ge9sgal /
Assembly, by the swa houses in joint eoa- /
apnv entiau asseRhlsds tkFae electors of |
the State - Bank Conmissisnars, whaso |
/ aEhas sAall be to mako ssmi- aanaaI en-
am miRatioa, aud as mneh e1tansE IS they
ahall deem advisable, ia respect to the |
eorporased under The provisions Of this
aets ana IN rsspest to the condition and
management thersefs and the smoanl of
| speeis on hand Tor ska redemption es
pptss aHa percentage, OF deposits an
hand, and also 10 inspect the aeeugiaiss
Rled with the Auditor and TTsasRger 40
"a IA ha Isl Ia aakMryss tvsa yls ar a. s,k
= - 4, syS ~. -. -, z = - +. 80 -
60 n ssU IL T. y yas,,st = - - 80
s,ah ssa,.r;s;ss - i - - - 40 80
sh;Iisyas - | ~. " - - - - Is
-. 80 - - ~. ~ - - -.
80 & 80 ssaa
ross~s .,ssss ~ II ...s,, i - e. ~
81 -. s. - -. 9 Izss's
IS. y s.ess 8 -. - iii = -
- - - 8 80 sssssIs