Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-03-09

10 prosecuted b he mcssef psovsesa y ~
~h.cever ,hs LEGISLATURE shal1 - Gssel
S.c a. b, U ItrtAsr ssseesA Iha. any commit
~ snoointed by he legislature 81 thas pupsA
rsv n sny time inspect the books aad sxanins snd
'.rort ths procesdinE Il he eo.pessisa
SEc. So BE IL Js1tAr s:seesds !n:s svsy osa
y, bejors entering q The dutiD a Nh e@@ sAan
,;,s hood Win security In sua q nos less tAan
;sCenty. Ave thousand dollarA cooditieaed lds "
cd behaviour and kithfal 6DeAasV q ~ Suao
" Enc IS. b. u tytasr ssssss1 TIA s,aK 60
;er shsll keep book containing he psoossdiabH
he board II direesors. he na@ss a thsss Rsuot,
he day and dAis q each meeting; and shsn rseud
The yeas and nays On any question Il osds oksd
Tor BY any director:
md on entering on The dischargs a hs dutis sseh
chash,er shall take snd subscribe ths loowoe cath
before some justice Of The peses. By whom shall
be returned 10 the oGce q The county court q ths
county where the bank q bsanch. a which b =
cashier. may be situated: =,
IA. b, do sclemnly swear 10 keep just and
true record without alterations o. esssurv d the
transactions Of the board Of directors q The Bank 81
North Carolins, (os o. tho branch q ne tsnk o.
North. Carolina, - the case may b. 10 book to Be
kept BY me for that purpose.
Src. 40. Be is 6srtAss Enacted Thst ifsny cashier
or other officer servant OF agent a The cospossisoa
shall cmbczxlc OF ffsudulcnily convert TO his ovn
use or shall iaulucntly take q secrsts, With IN.
tent to convert to his own use any esctx q psoP
crty belonging to. o. In possession d the corpora
ton, or belonging to any person and Deposited in
the hank or any Of its agencies, or sh'n make q
which contain any Of De proceeding. q ..n.sessas
Of the corporation With intent TO dsiaud the epo-
ration or any person Whatsoever such odcss. secus.
or servant 20 offending. shall be he'd ard decmed
guilty Of felony and upon convictio0 thieves IN shs
superior court, shall be punished BY me ssd t.pss.
onmcnt not exceeding five years and standing IN The
pillory, all or any Of them, sf NE d'sefs''o shs
court.
SEc. II. Be IL JsrsAsr enacted. That any psr.-
dent or other officer or servant Of the bank. shah
knowingly or willingly make, cause 10 b sssds, o.
connivc al making any islsc return. ssaienens ~
exhibit Of the condition. o the bank, ID branches %
agencies, to the public TREASURER, The general g.
scnbly the board Of directors a the hank o. any a
its branches or agrnc,cs OF to the stocxhoarss o.
to any person authorised by the legislature q by
the stockholders to receive the ssme the pcssoa 70
offending. his siders sbettoss, shall b desmrd
guilty. OF misslcmcanoe and On cuasicSioa in che an.
pcricr court shall be punished BY 6ns. and inpsis.
onmcnt not longer than ono year. asa .Iss
Src 42. Re e farther sAnessi, That all nesss of
the bank luvCOuCU SU4ll % 0Spx1uDUv
issued at the hank OF branch at which they sss ~
dccmablc. .ass
SEC. -. Re 10 JsSsksr ssSesed. That tlie 6snk
shall lend To the State. upon ninety dsyS notice,
such sum Of money - the State may rrFsirv: Hrs.
rided, The hank shall not b. compslled % suAke
loans to the State when is indebtedness 10 ehsnk,
at any one time, amounts 70 $4,000.
SIC. ~. b 10 farther sssetsd, That In sny suis
to which said hank h party, In interest In Which
~ ~ u
or officer Of said hank shall Be comprseal witness
against said bank, notwithstanding such eHhies.
agent or officer may he the rsyee dsswvs, se<rpsus
or cndosscr Of the bond note o. bin q osher ssru
rity evidence Of debt sought to BE- impsschsd q
avoided OF which h alleged 10 Be usur;oaA
Src -. Be H further sssssd,. That vhensvvf
this bank has any demands upoa any psssoa ~ cns.
ration to pay and discharge such dcmands In nolss
Of said bank without Eesafd 70 the plscs vhese The
same may be payable and dsmsndab,s. md The ten.
der Of such notes In payment % discharge q any
such dcmans o. any part thesroc shah b good and
valid in Law; and the person ~ cooperation upca
whom such demand b made. SHALL In payment q
the some first use the notes Of ths bank q hssueA
which makes the demand. In Gao they have he
same on hand at the time Of The demand made.
SEC. ~. BE n ysrfAsr enacted, That o. sooe asss
the organization Of the company under The charter
Is Is practicable, they shall establish hssnch d
their bank 1t the town Of Wentworth In the county
Of Rockingham: Psridsd. The sum al 6fsy theu.
sand dollars or more shall be subscribed towards The
capital stock BY pessoos residing In said county:
SIC: ~. BE q fsrfAe' ss.essd, That each ssss,
owned BY individuals shall Be subject TO IN annual
tax Of thirty cents which shall Be reserved eas d
the profits Of individual stock - they scnus BY The
cashier Of the principal hank, and paid to The Pobe
treasurer on OF before the first day Of Oesohss y
each and every year; which tax may b ineseasst
at any time not exceeding ono dollar fos each and
every share - the legislature may dirvet and uss
cxigcncy Of the State reguirvs in equaliIns taxs
ton: Froriaed That the tax in this casc shall mol
be greater than Inst imposed shares In such oshss
banks as may be chartered 1t any Other saeeees6as
general assembly: Asd Sresidsd fsrfA0. That
nothing herein contained shall b 30 Construed q
to restrain any future general assembly ioa taxus
dividends belonging to individuals o. cosposssioas
said tax not to exceed that which may BE- impoess
on interest received for money loaned: !.ssidsa
6srtAer That any real o. pess<nal estate which tn
hank may at any time take in payment q 10 DIDO
shall, whilst held by them. be subject to Tho saas
tax q other properly of the same kind held By In
dividualsL
Ratified 18th q February. 1851
THOMAS SETTLE 1r., 8 n. G.
HENRY T. CLARK, s s
SrAm o. Nos.m. CAsotssA,)
Office Of S~'y. estate .
I, Rrrrs II. PAoL Secretary Of State IN and q,
the State Aforesaid do hereby certify that he rs
going ID true copy Of the original On de In tht
Office.
Given under my hand, this Cd day q March. 1854
RUFUS II. PAGE {"
Seeystssy Of STATE.
THE UNIVERSITY.
tFrO@ tbs RaIs,eA Spirit Il ~ Agal
CxvsssrYr % Nossn.C AsosssA
Chapel llill Feb lsth, 1859.
To tie Eiissr ef As Spirit # ds Ass o.,
The miscoocsptioa and misrepresentation prsss
ent to some extent IN sslasioa 10 he oeE.aisssio
Of The Trustees end Faculty a The Ua;vsssity, III
probably justify, u In your opinion thsy Do uos n
Pesasively require, The PahGeaiioo q de so,les.
statement:
I Was appointed PFssidens a he Uaivsssisy q
a "A -