St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1858-05-13
PRICE, TWO DOLLARS PER ANNUM.

assigned them by this act a certificate Of which oath
shall be flied and carefully preserved in the Office of Sec
re.afy oi Sate shat constitute board to be designated
the Board m B1ik Commissioners, which board shall
continue until the organization the state bank of Iowa
as herein provided for, and thereafter the duties which
they are required ID perform by this act shall be perform
cd by the sand bank and any said commits
shall refuse To serve shall die resign hi place shall be
hied by appointment by the Governor. Hoyt Sherman
~ foIh county, Benjamin Lake, Of Clinton county and
fAas H. Williams, d Clayton county, hereby appon-
ted directors o the state Bank Of Iowa. the part ot the
nlc VINO SHAH have the powers directors on the
part the bank and who shall be paid by the state and
a reserve three dollars per day Tor the time actually
pefS Gl the "e'erai Assembly The OF service of
SAID directors shall be for years until their sue
cessors are elected and qualified. 1t shall bc the duty Of
tile General Assembly to elect three rectors o the state
bank ofiowa at each regular biennial session. No person
shall be eligible to the ece of director who holds
any oiicc or appointment under any OF the branches or
owns any stock in the same, and the acceptance of any
tihce VI trust or profit from branch, the accent
ancc Of any stock in any bra,ch by state director da.
ring ms term II service shall be deemed a resignation
ana The Governor shall Oil by appninncit the vacancy.
SaIi Commissioners shall meet at Iowa City, at such
tme within thirty days after the adoption "a this act as
shall be APPOINTED by the Governor, who shall notify
each member Of his appointment, and OF the time and
pace OF meeting They shall, when met, appoint ol
tItF number 10 be their President, who shah, under the
order OF the beard sign all official documents and they
sha cause TAR aud true record o all their Official pro-
ccedngS tn b. kept in book To be provided for that
purpose which shall he delivered by the President of
sad board u the state Bank o Iowa, the
shall be organized.
their certificates of the formation branches transmitted
to them "a required by this and shall by their
own Number, or other special agent appointed by them
f mat purpose who shall not be stakeholder in any
oi the branches formed under this act .da,ey pro
eeei !" examine the condition Of each OF the branches
which shall have transmitted to said board the required
cernucate and shall be the special duty of such agent
10 carefully count ami otherwise ascertain the amount Oi
money pad ~ On account Of it, capital stock
tain the and place residence Of each OF the dIr
tors o such branch and whether their stockholders d
recirs aud officers are men Of responsibility and ntegr
t,.l IA, tla
or capital Z * o which each is the bona ile owner
whether ssCh branch has complied with the require.
I"its "i IN at necessary to e!t tie thv branch
gage III the hp-nes III banking and shah cause 10 be
made, and aIt,sted by the oath majority the di-
rtrs ami 10y the cashier Of such branch statement
ni AL c material facts Necessary To enable the Bard OF
Bank tumn 'sIOncrs 10 dutermlue whether such branch
l. in"Illy entitled IN commence the business of banking
under the proVi this ac, and such agent shah i'm
heIleiy report 10 the Beard Ui Bank Commissioners
s'h statement, and hs proceedings in the premises.
So Ii, upon careful examination OF the certificates
oi the association, and the reports and statements Of the
special agents appointed To certn whether the branch
es oganzed have complied with the provisions OF this
act 'iail appear that five or such branches have
been formed, and that their sockholers directors and
"hGers are n,h o cspuushiiy aud integrity and Cnti
tied to public confiencr aud that such branches are
lawfully entitled to the business Of banking
the comm Ioncr sha certify the same to the Governor
ana shall immediately notify each Of said branches there
!" anu Witdh ti Hass aihr Receiving such uuuce each
brach shall appoint the directors thereof shall pre-
scribe, one prison To I've director OF the State Bank Of
l,wa.
Wv '"e "'Ncl or ne ne SAT- Heh mat the law has
IA al RESPECTS been c"npied with, shall issue his pIocL
nation setting uth that such branches are authorized
I" commence and carry on aIiIg at the places sever
all! Gegnatc iu tleir certificates VI Association which
pr,c anatun shall be recorded in the Office the oycr
uoT aud copy OF -al record, crtsd under the great
seal OF the state d Iowa, shall D prinl iacic evidence o
ths organ lzatiun Of such bank.
o. The bank cumInssioncrS and all agents appoint |
ei 10y them shall each be emitted To- for their
services under this act live dollars per day for every
necessarily empoyed III the discharge ui their duties,
anu tht same mage ai is received by members Of I'll
1enera Assembly TO be paid by the stat. Bank Of Iowa
% THIS act -hall take effect aud be from
after its approval by majority al all the this
State, voting inr and against H. al an election pa idcd by
law and not otherwise.