Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1860-06-21
An Act to Incorporate the Mfflin County Bank

acted By The aatg Of he same William fhomp.en. Davis Bates
Nasgery Thompson William Beatty samuel Mfken Oliver
P Smith James Bwn Henry NJ Au.ey and IL l. Close Of the egFtg
Mi hereby appointed commissioners. and they naorF %
ipa I arr "J13 ~, ] p # oTfy ] @ S i ' ne ] ~ ,iialn With c
tai hundred thousand dollars, and the
hundred president and directors
h a any 51e increase t9 sane = a'e i" "a 20 man
agel and governed rs hereinafter rroTiIet fr
SscToS That the named the first section OF tins aS
fcrigtins capital # said bank aTseabi 70 e rovs
five shares and such subscriptions shall te made payable the
ne power keeIinT f the ooohs % - @ I I ..ie sooner
Vi Sne year II m they sG9a.l @ ~" s r T; ig ne & ;ti stock Of
said bank shall first pay the attending commissioners he sum q e,
dollars each share be subscribed ont Of which shat be dsay M M
expenses Of taking the subspons and ether eiet h.r5 & @ @ '
srcTl5% That be 5cS6iI Of said bank shall at be less
of SAID bank With power after IN orr craft = elect p r.
election Of ocers questions hat come Iere
every stock shall nte the holder to one vote fA
cep N detstn'.ns what paper may # 4o humber Of
iected against H. The president and cashier
have written instructions ged BY all the ID directors ] ] s T TO
be decided by vote t~o'Fs Of all the votes shall e Necessary 10 DE-
SECTION That the stockholders their p
liability shall be Jointly and seray liable for all edcb and ao.i
notes uI. maS JS issued by said anI the Ehoers
G ~ q.;s1 mr.; & 10 give naosi7s 70 s " G cash yjagfion Of
'el ~ ms state Gear al. prior -. f. tr
ra11 real s',a'g fJ @ & gaqI2 & to be & 'ssl % 1 m N.
} the commissioners enter on the duty they notify
Governor appoint trec appraisers, whose duty It
shall be aPrrse the property shown t? them at a r can ~
Joriy them. which certificate to he attached to said mortgage.
duly papers the judges of
are ay them whom president judge Shall be
and a said Judges majority Of them are hereby authorized to
a shall be attached to said mortgage with the certificate Of appraisers
valuable buildings are erected a procure and keep up policy poll
cies Of fire said buildings solvent
Panie' for such may be required BY the rest Of the &h1ers
the Auditor General for the security Of the noiers said bank and
duty any such poll
c shall expire forthwith to REQUIRE said bank days
furnish other policies up the circulating Of
SAID bank an amount equal to The amount OF such expired policy
The SAID policies are not given and the SAID notes surrendered as T9
the Auditor General shall inventory and destroy the same as hereafter d.
os orares ana p5v the same into the State Treasury there to be
kept for security of said noehollers.
sEcrl9T That said mortgages shall be S'gn for the amount of notes
and recorded together with the aforesaid certificates Of valuation
the provided for
the ale Of said JanR and upon the fure Of said bank to redeem
any required by law shall he the duty of the assignee
nees who may be appointed under the Proceedings 9ud hy the
Seventeenth section OF the act regulating banks approved the sixteenth
collect the proceeds much thereof may be necessary redeem all
That hundred
capital stock Of said bank shall have been subscribed and dollars
specie paying bank
by aglh1ed receive SAID commissioners or majority OF them shall
ni % BTan FL M T the @ n ] @ tc s@fiie @ % and the humber
Of shares subscribed by cach together with the amount 50 actually paid
and that mor2es on real estate to the amount o he shares SUBSCRIBED
Auditor General required by this hereupon the Governor shall
deed and title the Mn
Bank and shall body and
Of said
by the style and tide aforesaid they shall be able be sued!
mpad and be mpIed,
elsewhere and purchase have hold and
and their
chal what quality
exceeding the Who'll" the capital stock Of said bank except such
be purchased in satisfaction judgment decree favor said
bank or lands purchased which may lien
time 10 esrant alien demise and dis Of and also make and have
alter and
to or"n an! put in execution such bylaws, rules and regulations
F Tha! they be not contrary the constitution the laws Of the
United and all
which lawfully DO subject the
rules regulations restrictions aud provisions Of this PrOrdG
That lln8 and banking
house and lot Of said bank shall be aene sold within
ve after the shall acquired by
SECTION 10 Lat the AUDITOR General is hereby authorized and directed
be engraved the best calculated
against connng such quantity bills in blank ohe differ
sued by the banks Of tins Commonwealth provisions
blank bills Of
uniform shall be eonntered by the Auditor General numbered
office and all bills
shall have their face the words secured by pledge of real and
liability stockholders. The
notes and the number each denomination be selected by bank
but the Auditor General shall prescribe the devices receiving
and the number herein directed be pat said