Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1860-04-21

Legislature, hltulu lHIet udIS lTOlU lUp
commencement of the session, summary
of the state and condition of every incor.
porated bank or banking institution, and
every private bank from which reports
Lave been received for the preceding year
at the several dates to which such reports
refer, &c.
SEQ. 6 That any increase Of capital, al
formation or addition shall be advertised,
as provided for in the I'd section of this act
for six months, and then be submitted to
the stockholders at a general meeting call
ed for that purpose, and by them approv-
ed and further, any such increase OF cap
ital, Attenuation or addition shall also be
approved by the Auditor General and if
approved by the same, shall be attested
and recorded, and published rs is provided
in the original formation of said bank.
SEC. Z. That the Auditor General of
this Commonwealth shall cause to be en-
graved and printed, in the best manner to
guard against counterfeitng, such quaint.
ty Of circulating notes in blank Of different
denominations, not less than five dollars,
each Of which is authorized to be issued by
the banks Of this Commonwealth incorpo.
rated under this act, as he may deem nee
cssary, from time to time, to carry into eff.
feet the provisions of thi, act; said notes
shall be conutersigncd by the Auditor Gen
eral or by clerk appointed by him for
that purpose, numbered and registered i'll
,, his oihce in manner =, directed bv him in
book kent for the nurposc. and au notes
issued by him shall he Uniform and they
shall have slammed on them. secured by
the deposit of public stock.
Sc, That the platps. dies. and ma
terials to be procured by the Auditor Gen
eral. for the printing and making of such
bills or notes for circulation, shall remain
! in his custody and under his direction. and
the expenses necessarily incurred in exc
cutting the provision. Of thi. act shall be
audited by the Au litor General. and paid
out of the treasury on his written order,
, and for the nurpo,e of rcimbur, ,inr the
same the Auditor General il hereby au-
! thorizcd and REQUIRED to charge against
, and receive from each bank or banking
| association app!,i," for such notes for cir
culation such rate per ccntunl thereon as
will rcpav the expenses necessarily incur
! ed as be.orr dir .rt"i.
Srr. o. rrovides that the Auditor Gen
eral, with the arproyal of the Governor,
! shall devise y seal with a suitable inscrip>
ton. for this branch Of his dut $, &c.
SEC. 10. That hanks established under
! thi. act, uron legally asst ming to and de-.
posting with the Auditor General, the
! bonds or cy.dcprcs o. debt Of thi, Conro-.
wealth. or AZ tho United States. .hal be
cndtl i 10 receive an amount Of such cir.
cuIatinr notes IN blank. Of RI, l.nomina
tons such is thoy may ran,,ire numbered
registered. countrrsioned and slammed as
| i. herein provided for. the bonds and
stocks to be taken at five nrr cent. less
than their market value pyor,ic,i. That
the same Is not above n,r,
Sc. IL. proyid,d tl,atthc Auditor Gen,
cral NAV, at his discretion. exchange such
bonds or evidences Of debt. or ony Of them
on receiving other arn,oved bona, or evil
| dnnces Of dnht or iii, C7pmonwea,,n or
of the United states Of enial amoun.. &c.
! SE, Il nrovidc. that III, bank or
hansinr as ociution TRANSFERRING bonds or
evidences Of debt to the Auditor General
may receive the interest that accruns there
on, unles, d.tault shall be made in na,in.,
the bills or notes to he coupterinied as
atorc aid, or unle,. Ia, bonds or evidence,
ofdcbt 50 pledrcd ,hali become Insufficient
security for the pavmcnt Of such bills or
notes. And it further nroyjdes for a semi.
annual valuation of said public stocks that
I il they decline SO low in n,ark.tyaIuc as to
NAV be comnellcd to Give further security,
Sc. l3. That the atflir. Of every bank
shall be managed by not less than five nor
more than eleven directors. and tbcv shall
choose one of their number 4, nre,idcuf Of
the bank. Every director. Shall be Il
tizen Of tli, Commonwealth G ,ch di
rector thall own, in hi, own nam, and
right, at least one per cent. Of the capital
stock of the bank, up to two hundred
thousand dollars. and the half of one per