Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-06-02

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3 nav ghaa hSl NJ aSeFy ssosa was III 81
saIaasam. - FayaAhf "a wAEeE sksAl
! awe haAm aazaaa aaa and refused. aams
! gasesos sha nzsa sasat ehsseeS Ea ifes
] sf fmsasaAs ~ ssa Eaes aS aaEsl lss AsAa oaa
halg uss ssssmss war aanam Rroaa sAa -
! a ssksh sszasaas assssi ssA1s pay msmx i
, ansls daEsa aaa saza aamaag6 akasaeas pve.
! vf<gaa, eat no aasaage sssAlt be aalGswsx
. on such demana aftar ths haak haa saas
iaae liunidasien Tha Prasssasms amd
| Cashisr aE avaK8 eospcFaas an faszasd
uussnazaa ~ s&n wRosisanaa aa tbs aas,
shaIl ksss ayaa end euxrsss lsaa &C ~
names Of all tea saaAxeAoldeFs aa sueh
eorporaGiomt mna shall kis q aagy II
susk List in TIE al8ee Of shs alark % the
eaanty mhsss ah@ aAse al each sorworar
siou naag hs loA&eea, aad also Ia sks ae.
dee Of aAa AazakkaR GA ahs 6Ess Aannaay
in Janussy III ssaas yagr, has shs hbldsE
of any slsim a@Msass Zach kaak o. eer-
pagaGaon pagabEe O. Asmana CE ans n
sAa tina ae Koibg lmto hqussaasaasas assah
ha aasisa@6 30 iasaxaSG ae sha rata Of eco
peg csas. pea snnuu uatil paid, sna all
o4hsg eaMkms shall baaS the same raEe og
luEaFess afseF masarity.
! 8 %. IL shall not be iAwfal aof aay
eoFpoRMaisn undeg this ass TO make Any
Of gts noEos pus In eiEcalasioa a. moasy,
/ payable at any other place than al the
| ofiss wksra the business Of the corpora
tion is carried on every corporation
| shieh may be authorised Eaasr the pro-
xaaiona O3 this Ass shall be located in
aozns eiEy, sewn or village haYihg pop
uiation ue not less than i've kandEed an
habikansas aor shall the eiiss WHARF the
baainsss gf such poEpoFasion is trans
acted be ssany othsE phase sAAa shs city,
towa Or village whsEsin sash corpora
| lion is lasated. & aT@ @ #--
! : 81. Nor corporation shall issue or
paG in eirehlasion any noAss Of such cor
poration unless the same be made pay
able on dsraAud, end every such eorpo-
ration shall always ksap on haad al
amount Of specie saaReiens to redeem all
such bills or notes as nay be presented
at the place Of paymsaE.
| S So. Each eoFpo ration shall aiways
keep on haad an &Enoans [ in addition to
EhaG required to bs kspt an hand By the
provisions Of the preceding sSction,)
equal TO twenty-five per cent OF the
amount OF speels deposits in specie, and
the sams pFoperaiaH OF rs other dspos-
iEa for the security al dapaSitora bat
no such corporation shall pay any inter
ssa on current deposits.
3 %. No corporation organized un-
der the provisions of this act, stall at
any time pay cat OH lo&na or diseoaRts,
or IN purchasing drafts or bills Of ex-
change, or in payment OF deposisora,
nor shall il in any mode pat IA ctroula-
tion the notas of any b&ak OF banking
company which noses shall not AZ shat
time be Fedssmahls in specie ct ths plst,e
where such notes are made payabie.
! "a. Al grams, eonvsya aRees, assign
Taeuts, transit eFg, sales or disposition OF
property, rights, credits or effects, by
any such corporate N, for ths parposs or
With lntgnt 10 secQrs the paymaas Of one
liability ia preference ts another or eth
eFs, or in any manner to secure any pri-
orAlify or preference to any one or more
creditors, or which shall be thteadsa 10
have such operation Or eff ct, ahall be
yoid IN respect to ail other persons and
creditors whose rights on remedies may
be effected thereby.
8 Is. Il shall be lawful for sueh cor.
poralioR to purchase, bald aad sanYey
rBal Astats for the following purposes
Iat-SSueh 80 shall be necessary for It's
immediate accommodation, banking ksa-
ses and buildings connected thegewish,
in the transaction o9 its business. 2nd
such as it shall parchasa sk sales uu-
der Judgments decrs0s or mortgages,
held BY suoh corporation, aud at sales
under jadg meaGs sud DEGREES IN favor Of
othsFs, where il was done With tue sole
yiew Of securing and saTing debts due
or 10 become due TO such corporation,
: 81. The said corporation shall not
purchase, huld or cOuFey zeal estate ip
anv other case or for auy other pQTpase
whatever; and all cQnyeysuees Of sqch
real estate shah be msaa 10 the corpora
tiaa, and which the BEssiasdt and cash
ieg Of either mar salI, ssslgns gEaak or
convey under direction oE the corpora
tion free from any claim thereon in "a
vor Of or against the shareholders, or
any person claiming aHdsF them.
! 2Is Upon ths application OF tha
Auditor, or Of any shareholder or share
holders, whose skara4 shall ar4o4nt 10
dvs thOssaad dallags, arfag any parsau
os parsons holding sVidsnss Of indehk-
edness against any such corporation to
that amonnt, which application shall
sst ferth ia full che facts aid eiraum-
stances upon which it Ia made and shall
ke verified by afiayit, the Judge Of the
District Court % tha eouay in which
the basiness Of the sorpDsaEIoa msy be
conducted, Shsy sgasg an examination 10
be mada By any competent Psrssn Or
persons to DO by him appointed, Of the
Affairs Of saea aQrpoFasoh, tor she par
pose Of aseseGaEuing khe ssfoty Of its IN
yestmsata &nd the prudence OF its mAn-
agsm snt, gnd the fesaik Of su6A exami-
nasiotl, sogeshsr vita the opinion eE she
Jqdgs shefeoE, shall bs published ia such
manner - As sAall diFeas, ana who saall
make sueh order In respect to the sx-
pense OF such examination ss he may
deem proper. ss*s
8 28. IL ANY corporation organised
andeF shis act shail refuse % nay any
Of It's eirealattag notes in geld or xilyez
coin, the lawful currency Of the United
States, On which payment shall be Law
fully demaadsa al its banking house or
eqssousAry plhqs az doing business, d.
rfug asaai bankirig hours, tue holdeE ot
sasa note or poses mAking sush Demand
may eause 1As same 20 be protested as
hereinafter psoyldsd; sueh corporation
shall only be allowed to make payment
of any sech deraand IN attyer coin, where
the sum 90 degnandsd does not excesd
the sfaaoant FOR which Silvcg coin ts ls-
gai ssnder aessTding 20 tbs laws OF. sas