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

Is
! ssssg EaaA Easnishad hr - sailln
! bgaze
|. q 80 shs payussns aaa asseshasge
/ 81 khs ssEaainsng alaaai lslaa oE 80
i branch.
7 4sh Tie zessdaa shsll IA atFlda.z
. mong iha ksaskhhIaasx - thh - IS
; bEaneA, IN peapoTtian 10 she stock
: kaAasn ssapacssyeay held.
i 8 Is. h any bsaneh agaa1ast vsaish 81
J State Bank of fewa sasall hawe inasl lsasss
: proceedings on account of any Nsapsoas
: aes Of insolvanay a. prescribed M "a
|, beIavenkh section 0f this aos, saaaE asn
/ haking commitEsd sach aes ~ ssaaolgen
q such branch may apply y any coas
. at IeoEapetsaE jnriasasosson fos 3 writ Q
j ID nSaaetion to said Stats Bank III kows
80 kaxpamd sll further pxea4asiinas sgains
sn9h hraneh ~ an insaivcnt bank an
aaSh court, after eiEamg safe State Ban
Of Iowa 10 appear amd show oause wh
/ Hu9h writ sAeul0 ngs be granted, and at
- she flnalAg of q jury shag such brane
Ass Is all fines continued, snd still son
n Asxlasa ID feaseI0 in gold and silYer coin
- notas Of circulation, stall make 81
order enioining the stste Banks of low
frdn all fugiheE pT oeeeding against suel
branch on account ug the aupp0sed sc
H of Insolvency oa which snch proceeding
weke Instituted, aud theEsapoh slI til
property and assets OF saeh branch shall
Be restored toits Directors. j 2 b@
! { Is. If the State Bank Of Iowa shall
in any case, fail to proceed in kha man.
fnet prescribed ID the foregoing sections
| Of this act, in providing for ths payment
| Of the outstanding notes of circulation,
and in closing the Affairs of any branch
that shall hare commit Ell an act If in
EsolTenGy, the holder Of any of its notes
of circulation, or other creditor Of such
branchs may, Ia case payment Of such
noaes Of circulation OF Other clatm has
beBn refused when lawfully deulaAded,
and remains unpaid, apply to any court
OF competent jurisdiction for its writ,
/ commanding the State Bank OF Iowa SO
] TO proceed /; and IL shall be the duty Of
/ sueh e0urt, after citing such Bank 10 ap-
/ pear and show cause why such writ sho'd
! that such act Of insolvency has been
committed, TO issue their wrlt command
/ ing said Bank forthwith to proceed in
: ths manner pointed out IN The preceding
/ sestipus of this SGT, TO provide for the
! payment Of the outstanding notes Of such
I branch, close up its affAirss and make
I application % its assets,
! 10. That if any branch shall neglect
or refuse 10 comply with any order Of
the State Bank of Iowa, requiring such
branch 90 reduce IFS circulation or other
lishilities, OF provide d large amount Of
. specie or other means, or to pay IN It's
stock, OF to do, or cause 20 be done any
matter or thing which said Bank may
/ deem necessary for the security Of such
branch, or any other branch or branches,
/ said Bank, or any Director thereof, act
ing for said Bank, may apply to any
Judge of the Supreme Court or District
Court, or any judge of g superior court,
or 10 any Judge Of any ether court not
iAferioE TO the District Court, by peti-
Z ton, ia which the State Bank Of Iowa
saall be made the petitioner, and the
branch implicated the defendant, setting
forth the substance Of such order, or or
ders, and such neglect or refusal on the
part Of the branch, its of5eeta or agents,
to comply Herewith and il the Presi-
+ dent, Vice President, or any Director If
the Bank, shall make affidavit of tire
4 Truth Of the facts therein stated, il shall
be the duty Of such Judge to allow an
Injunction, and 10 enjoin such branch,
( its officers and age8ts, and all others in
/ its employ, or connected herewith, from
! doing, or suffering, or permitting to be
! done, any business whatever as \ Bank.
/ aud from intsrmeddling wiGh, or in any
/ manner disposiug Of, the books, papers,
I moneys, chooses in action, assets, or pro-
uerty Of the branch, until the further or.
/ der of ghe Supreme Court as s0Ja as an
injunction is allowed.
! : II. Upon the allowance of such in
junction, the property, credits, seeari-
aes, liens and assets Of every desorip-
ton, Of such bEaaoh, shall forthwith vesS
In the State Bank of Iowa, who shall ap-
point receiver TO take possession Of tae
same as provided in the eleventh section
Of this act. A certificate Of appointment
IF such receiver, by the jadge or court,
or clerk thefsof, making the same, shall
Be sufficient authority 20 han to take pos
/ session of the books, property and rights
/ Of every description Of such branch, aud
shall be full authority Q khe sheriff Of
the county where the branch is located,
! TO take and give full possession OF such
books, property and rights, with the aid
! Of the county, If required; and said bank
/ receiver shall be governed By tha pro-
visions Of this act as provided in cases
of suspension and upon the dissolution
Of such Injunction or a discontinuance
Of such suit By the Bank, all the rights
and property Of such branch shall be re-
stored 30 and vast ia such branch.
SIS. Natural persons, not less in mum
Der than FIVE, may associate and form
branches Of the State Bank Of Iowa, for
the purpose of carrying on the business
Of banking, each At such piaee in tne
State as shall be designated in the eeE.
tifcate hereinafter required 10 be made,
subject TO the contingencies, tastrict bns,
condition and liabilities prescribed in
this Act.
10. Persons associating to form a
branch shall, under Their hands and seals,
make a certifcats which, shall specify,
/ First: The name assumed by such
branch, aud by whieh ID sAaIL be known
IN its dealings, in which nams shall be
included the name Of the city, village oI
town in which its banking opFstions shall
be carried on,
i Second, The amount Of The capital
stock Of such bransh and she number ot
, shares into which the same is divided.
Third The name and place Of resi-
denoe and ths number Of shares held b,
each member Of the company
/. Fourth ThaGim8 whgn such COMPANY
shall have hsea formed.
X Which certificate shall be aeknogl
4 edged before justice Of the peaGa al
notary public, and shall be- recorded b,
the recorder OF the county where suci
. branch is 10 bo established, in a book h
be kept by him for that purpose, whiel
! shall at ell times during once hours b
: kept open for the inspection Of any per
Q son wishing to examine the same on
! copy Of which certificate, duly certified
! shall be transmitted to tha sscrstaFY @
: State, who shall record paA carefulI
. preserve the same in hik cEEsee, and an
. other TO the bank commissioners IN shi
: aas named unsil the organisation of ID
: State Bank Of Iowa, and thereafter {
I said BanA,
: 8 20. The oszoaFs Of eash braEeh shal
p st the end sg every month, esuss stagd
= maaf Of the nnmber, nhgnes axad place 4
residence ct each HtoakhosasE Ia sue
!" branch, also TIA amouut ag stack held
Z eaah, and tha date oa the transfers oe 80
IL stock with the names txansfersr ard tras
!, feTes, one copy 0f which atatameut shs