The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-04-28

eh1 uPou NA0vtGkb10 e94W&&WHS uUutt uG uuEu
notexceedint TN thousand dollars, and be
imprisoned in tho Stats Prison not less
than two nor more than fourteen years,
and bc forever sitss rendered incapable Of
holding any Office created N this act.
las Such corposation, after having
eonpited with the provision OF the prece-
ding sections Of this act, may give notice
for two years in paper published at the
seat of government, and also Ia Ut leAst
one paper published liz the county where
the said corporation shall have been loca.
ted, that all circulating notes issued by
said cofpor alton, must be presented at the
Auditors Office within two years from the
date Of said notice, or that the funds de-
posted for the redemption OF the notes
will be given up to the corporation, and on
receiving satisfactory proof Of the giving
Of such notice for the time aforesaid, the
Auditor shall surrender to the order OF
said corporation any securities which he
may hold for the payment Of any unre-
deemed notes Of said corporation, ohd the
treasurer shall deliver over to such corpo-
ration any moneys in his hands which
have been deposited with him for such pur-
pose, an the production Of such certificate,
such notice to b. published AZ least three
weeks In each elk months OF each year
~. Each corporation organized under
the provisions Of this act may take, re, Give
or charge on any loan or discount made, or
upon any note or bill of exchange, or 9th.
er evidence Of dsbt discounted or purchase
cd bv them, interest at the rate OF ten per
csntum per annum on the amount Of any
assah hill cE az
dencs Of debt 20 discounted or purchased,
and no more until the 6rst day OF January,
A. D. 1853; AFTER which time no more than
eight per cent. shall Be 20 taken, receivsd
o. charged; Provided. however, that intss.
est may b. received OF taken In advance Of
at the time OF making the loan or discounts
ing according to the usual rates OF bsnkinR,
or - calculated in "Rowlst's Interest Ia
bles," and the knowingly taking. rsserving
or charging on any Debt o. demand dis
eGlAtsd Or purchased BY any corporstions
rate 81 interest greater than thst SLOWED
b this section. shall be held and a1iudged
forfeiture ofsaid debt or demand, bSt the
purchaser Of 6ess 6de hill Of sxchangs or
nots payable at smother plsee than the
place Of ssch purchase or discount, and the
taking or receiving interest thereon 81 the
rate Aforesaid from The time Of such par
such bill or note shall not be held usLrous,
although exchange on the place where II
10 made payable 10 at the time OF such pur.
chase or discount worth premium, nor
shall the discount or purchase Of bona Ads
bill or note payable At place between
which and ths place Of discount or pur-
chase there may bsa difference in sx-
change, and the taking 10 addition to the
rate Of interest Aforesaid. the rate of sx-
change between such place be deemed US
urous, Provided that In no case shall more
than the current rats Of exchange between
such place be taken.
As, Incorporation organized under the
provisions Of this act shall exist longer
than twenty yssrs.
46. The terms stockholders or share.
holders ~ used in this ast shall apply not
only 70 such persons ~ sppeAr BY The books
OF the association to b such, but also to
every equitable owner OF stock. although
the saas mly appear on such books in tho
name Of any other person, and also to sv-
cry person who shall have advanced the in
stalmsnt Of purchase money Of any stock
10 the nsme of any person under twenty
one years Of age, snd while such person
remains minor TO the extent Of such ad-
vance, and also to every guardian or other
trustee, who shsil voluntarily invcst any
trust funds in such stock. and no trust
funds in the hands OF such guardian or
trnstes shall be in any way liable under
the provisions OF this act, by reason Of any
such investment, nor shall the person for
whose benefit any such investment may
BE- made, be responsible ia respect 10 such
stock, until thirty days alter the time when
such perssn respectively become comps.
tent and able 10 control and dispose Of the
same, but the guardian or other trustee
making such investment - Aforesaid, shall
continue responsible - stockhoriss IN.
der such responsibility devolves upon the
person beneficiaily interested therein, and
in respect to stock held BY guardisa or
other trustee under the transfer Of the
same By third person " under positive
directions by third person for such invest
ment, The person making such transfer Or
giving such dirs0phs, and his executors
and administrative shall, for the purpose
OF this act, be deemed stockholdsr, and
the estste Of soch person, n he b dscsas-
ed, shall 10 responsible for the debts and
liabilities chArgable on such stock accord
lag 70 the prosisions u this act.
~. No corporation osgsnixsd under
the provisions Of this oct shalt PIT In cir
culatisn In this State the bills o. notas Of
any bank Or banking compsny out 81 this
State, except such - ase received II the
usual course o. business. nor shall any corr
poration either directly o. indirectly ex-
change its notes intended 10 circulate ~
money With any bank OF banking conpany
out Of this state or with the agent Of such
bank or banking company, for the notss
ofsuch bank OF banking company, with .
view to circulate the same . money.
40. This act to take e6sct and b In
fofes from and after its approval BY ma
jority Of al the electors OF thu State, yot-
ing Tor and against II, At IN election PROV.
ded BY law, and not otherwise.
Approved March Cad. 1858.
DIED.