Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-03-31

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H. aaa thhKaea, aaF sasa -
y sniHu, exchanga, Dr. a
1890 Thmt m0ehla0 In ak Nsass
6hanaa, shall pfeHank aaaa lm /
ssaixsna danaaRsA allowaz Izzsn
- hona sae hslE " axe ~
prosssaed non- aseaptanca d
smana.
80. All sranassrs Il -
bigas og exchange, AMI osheg
aabk owing IA amy haamos. m
il Ia credit; ali asslRnsa 81
Raaas ~ oshsg sasagisE 9 u rs
D. 1T judgements b aeornsa Is III i Nssi
Maa AeM1aitz ne mamay, Lodi sssz
valaaAIe tAinK f. Is AsAs 81 y ! -
ef any os is atoekholdars u iKeRs;
all paymeaaa 81 anenes ama a.
commission Of IA Aat oE rs
il eoabsnplasi9n tkareof, II " Ea
prsvazt shs ppIIe&sipn Oh ass III
tha mmxansr provided hy sEaia s III 81
. yiaw % the preasFenes a sIsSsos
70 another, axceps II payusaS ~ III eaes
csalakfng nokaa, shsall Be hi d nAska
and golk.
i 20. " tie directors q ~ bx4neA
shall knowingly violate, ID klsawa aelg
paEzai. Any bEans b to violAAA anN Mt ths
pzovsisns Of this aet, al 81 igsEss
pgivslakea and franchises n sasA hFansh
shall thereby bs forfeited as&sa yIsA %
shall, however, b deaernsi - As I'd.
judged By court ot Somp
zion, agreaAhly 70 the laws ~ tgAss Ssase
and sh@ practice Or sneh e0sstks baaQxe tbs
corporation shall be dsaiagk saayad
and ID sase 81 ausA YlolAslS, g6s De
rectsr who participate ID, II aAsAm1eu %
the same, shall bs held liaas j iii hI4 per
sonal and individual canaaskF 10 all
aAmags whieh che branch 10 ssoakhoId-
erss or any other persons ho3y polite o.
corporate shall have Bussal I'D ln sonsa-
quence Of saeh yiolalion.
3 III. Every President, ~ % Cash
Ter, Teller, CLERK OF Agaaa VI amY araaeh
who shall smbezxie, ahsksA 81 will
fully rnisapply envy Of Eas b W., fands,
OF eredita % such branch. or shall with-
ous authority from tbs Directors, ISSUE
OF put ia circulation aay az the notes Of
such branch, OF shalt Without such au-
| thoritY, Issue or put forth auy certificate
Of deposit, draw any ardee o. bill Of sx-
change, maks sny acesptanos, sign any
note draft, bin OF exchhngs, mortgage,
or othsg Instrument aE writing OF shall
make any false entry On any book, re-
port az statement u the branch, with an
intent in either sass to injare OF defaud
such hfaneh, body corporate or polite,
or any individual psrson, or 70 deceive
any officer or agent appointed 10 inspect
the affairs Of Aay branch, or shall make,
or shall omit g make, OF shall advise or
consent TO che making Of any report or
statement required by this act, ii such
pannax Is shall be aeaig ned to svade the
provisions Of this cot, shali be deemed
guilty of felony, and upon conviction
thereof shali be confined in the Psniten-
tiaFy at hard labor net less than oas nor
| more than twenty years.
| s AZ. Stockholders in branches, shgll
each DO individually aud saYszalIy liable
to the creditors Of the branch Of which
they are he stockholders, over and above
the AMOUNT of stoex by them held, TO an
amount equal 10 thar respective shares
80 held for all its liabilities, Eeesulne
whils they remain stockholders and no
transfer Of stock shall effect such hAbil-
| ity, aHd should any such branch become
| nsoivent, and its assets be insufacieuE
to pay it's debts and liabilities, lbs stock
holders may be compelled TO pay such
deficiency ia proportion 10 the amount Of
| stock owned by each, and should che
whole amount for which stockholders
are individually responsible, as peOvi-
ded ia this section, be found In any case
TO be inadequate TO the payment of all
the residue Of ths debts Of auy branch
| after the application Of its assets to the
payment Of aeh debts, then, the mon
| eys due from the stockholders on acct
Of their individual liabilities AS such,
shall be distributed equally among all
| { creditors Of such branch, in proper
ton TO The amount due to each, the per-
,oual liability in this section provided
| for, Is over aud above the stock owned
| by stockholders, and any amount paid
thereon.
| 5 43. The term stockholdsF or share
holder, as used ia this aet, shall apply
not only 20 such persons as appear ~
the books Of the association 20 be saeh,
but also 70 every equitable owner OF
stock, although the same nav appear on
/ such books in the name Of another PER
son, and also to every person who shall
have advanced the instruments or par
chase money Of any stock in the name
! Of any person under twanty-oas years Of
age, and while saeh person remains a
minor 10 the extent of sach advance and
also to every guardias or other trustee,
WAC shall Voluntarily invest any Fasl
funds ia such stock, and no trust funds
in the hands Of sucl guardian or trustee
shall be any way liable under the pro-
visions OF this act, By rBaSon Of any such
| investment, nor shall the person fol
whose bsns6s sny Euch investment may
be made be responsible in respect to 50 sh
stock until thirty daTs after ths tims
whsu such parsons respectively become
| Competent and able 10 control and dis
| pese Of the same; but the guardiau or
! other trustee making such Investment as
| aforesaid, shall continue responsible a.
= st0ckholdsr, until such responsibility
| deVSlEes upon the person beneficial 10
| EegsSted GhsFain, and in respect TO stock
| held by guardian or o4hRP trustee ua-
der transfer Of the EAIne By 3 third
| person, or under positive directions by a
third person for saeh Investment, the per.
son making sach transfer or giving such
directIons, and his executors and admin
| istratoTs shall Cor the purpose Of Ehia act
be deemed sGoekholdsg and the estate
IT such person If be be deceased, shall
be responsible for the debts and fiabih-
ties charged on saeh stock according 90
the provisions Of this Rss,
3 A. The General Assembly may al
ter OR repeal tins act at pleasure, ia The
manner provided in Ehe Constitution Of
this StaEs, bat no act altering OF repeal
ing thls asa, shall impose any justice or
wrong upoa tho stockholders Of any
bransh. I'll. ~.
5 IS. every branch shall have power
10 make all necessary and proper by-iawa
fer tina management and eonssol of iEs
businsss, and 70 ax aad regulate tho rate
Of charges for making collections, subiss
10 be controlled shsrain by the Stase
Bank Of Ioxs, .
5 IS. No branch shail issue any notes
intended foE elgealasi0R as money, axespt
the notes faEnishai for thai purpose 6y
the State Bank of Iowa, and all sach
notes shall bs payable At the branch by
whiesl they sSa lasusd, in geld and silver
coin, the Iawfal ouEFeney of ahe UHissd
States, - pFoEided Coz il sscsiaa tee of
tAas act, On damana shey ahAli be signed