The Smoky Hill and Republican union. [volume] (Junction City, Kan.) 1861-1864, 1861-10-10
AN ACT
Z. sn.borize The Business Of Banking.


,Stase Of Kansas: p
srer,ox :. That it is hereby made the duty q
e he auditor Of State, on application q '1i1 2
zen or association Of persons, wishing u
[lrgarizs under this act, to cause y Dc ca
rrsvad and printed in TIE best manner 70
I'D AGAINST counterfeitug, such quantity :! !
7:,,,9,r;Ic notes. Ia the simIiitude CT pahA Z
nofes in Blank. Of the diiIerert tenoi-ill'.oL.
hereinafter authorized to be issued AZ llay
from, time to time, e needed 10 heet nc
! l,,-a,3s Of those organizations fer the puE
pose Of banking; and al hecesSaI! - tIa,l-
in ,rtcuring such circulating notes, IL 'l.-1"
shah be charged to, and paid by, the oaIAel
or hawking association, at whose soilci'i'ioii
nd far which the same are turnished.
2 sFc >. Such bank notes, in blank, so pro-
cured as aforesaid, shall be OF the deholhi,i"
I ions usually issued by banks, from one oo,'a a,
4 70 one hundred dollars, but SUCH no'es 80,
not lie Of any intermediate aenoiii ,s.oaan4
treon one and two, two and three three anu
c., fya and ten dollars. ten ana t"eh' }, |
, twenty and fifty, CT fifty aud one huhure'
. sTr 2 sueh blank circulating notes shall
: "a covntersicued by such Auditor of state
i aud numbered and registered IN proper oooAs,
Re 70 he kept for that purpose, IN lis once anu
ID un.3er his direction, by the Auditor hllhSei,i
ne ~ such perscn or persons as the Auditor sh",i
] ,a;,, CO that each denomination Of such
be ic,,,Iotinr notes shall be of the same siihih,
no Ia and all bear the uniform signature 0!
IT. euch Auditor Of State and Register.
en- SIC. 4. Whenever any person or associa'.oh
Of &c ncrsons. formed for the purpose OF banking
est under the provisions Of this act, shall GUY
we assign or transfer, n trust, 10 the huui'oi
an this State. any portion OF the pubhc stOehs
ep- ;ss,,oI orto be Issued, by the United states,
IN ~ ,bo stocks Of the State of Kansas, sal1
ct toel,s 70 he valued al tate 10 be estlmateu
~ aud Governed by the average rate al whlcN
I,ie oh s.ocks are sold in the city Of New OK
vi :. tbe ,;me when such stocks may be lett OF
denosit with the Auditor OF state, sach lers'i
or association Of persons shall De eh'i' at =
aoo;va from the Auditor amount OF sue!
ro.;,,r no.es of different denominations
oor roc,etered and countersigned, equal TO ana 10
- xeo.edin,r the amount of public stocks assighe
'no "a trarsferred as aforesaid; but such puou
tne STACKS shall in all cases, be, or be maze 10 oS
a,IoI 70 n stock producing SIX per cent Pc
cen anrurn and it shall not be iaWIui Tor INC
,ccs ;tor Of State to take such stock ABOVE - "a
- nov above lis current market Na:ue ]
= ~ ~ If New York. on the stock exclang
enc ~ the time Of deposit by sueh person OF &Ss
re- ;atior Of rersons II at any time the S'oct
non oseicned and ansferred to the Audltor
al; 80 r,r circulating notes. or any par' thefeo
Shall depreciate in value n the Ne" ~ ma
u" lot the Auditor of State shall reduce the Ia.
cry u which the same shall be cohurUea -
are be'd as securities, and require Huci D1'N''
Aus association or banker owning such stoe.I
She ,,oIa nm the deficiency with such audsuoh
us - required by this act, to be tran
Ia frcd and assigned as aforesaid, or sucE pan
Ma rc association or banker may make g"od So
iden = f,:.f.cy by returning II tie Auditor 81 so
De- -, s[a'.uf OF bank bills, previously issu
id - IN, ~ hem, as shall be equal to the &c
cie,,cv Of securities created o. caused "
u de.reciatiou Of said stocks ae!' d So =!
'hsl ,firssait: Provided That If, IN the opinion
ctcd H. sr1,.or and Governor, any stocks oiief
Sol bsU ha deemed insecure, they SHAH nos
bo,r. I-.itr1 as such securities under the prov
: she ions Of 'hs act. ~, r,.;,-. f.
.ho A,l;tgr Of Sta,e any circulating notes,
r. provided in section four Of TINS act, t-s s'o
holders thereof shall give to the Ahdltoi
moth Stote lraol and sufficient bonds, to be aUrro
IN, nm 20 tie amount Of one-iourth q
- 40, said bank shall receive, and
e to - holders thereof shall file, with The ~
that - =, certificate to be attested by he oath!
,e not no president and Cashier Of such banh
), ,;,ot sssociatiou that ten per cent OF the cay
s,ocl, If such bank is paid II specie ana
VI ~ {aro.ir and shall remain IN the vaults Oh
5a!hsV hank rs an additional security 70 ld"
y ioi the till holders against aFy less ma
4teycr ,,sfafrea in case the other secuIlhes oeCs
&c at Win the -hehAlNi
;,,,Olt m redeem said bills.
F1ous 60 The bills aud mites 50 to be &C
seven ,ors;rned aud registered, the payment OF "!
I. and Iii he secured by the transfer CT pu
e at stccts. shall have engraved upon their face
o,nha, ,rorIs :. Secured by pledge OF pubjic stoc
!hered and the place WIZ NM eve 10 anv pc
other SEC q e nersous so transferring s
h goes rites IN pufs0 0ftorrcv TO receive interes
order ac': ~ ~ .hereon which said interest or
Gen dand such person or association oi persons
to win receive and apply TO their OWE use oa'
10 one pow er may be revoked upon such psisu
= b.a association of persons fallins 10 r.ue.a
girl is oalshs 81, appIication Of the owners of
ociety, nsferred securities in trust may IN bis
virtue. cretion change or transfer me salt o :;
4 sa.,riiics of the kind specified before IN
:, oct or may transfer the said securities; o.
iei .Nis -, thereof upon receiving AID caneeiiit
loving; incl amount CT such circulating no'es =
peace. rod 10 him by such person or assoeia''
yeness oa,.ons. in such manner that the eircui
own 10 notes shall always be secured In iuii'
, Them this act provided.
'he Srr The notes and bills discounte
H,rcbased. moneys loaned. and all ether
to the ertv, effects or cues, =. a,;ons orga
Via under the provisions Of this, act snai L,
IN sup sessed and taxed in the city. ward, villa
It'll, and town where the same Is located, LOT an
md the county, town, school and corporation purE
. ;nex. in the name Of lsuchl bank or banking
en- par - -. sams az the pronerty of
We Lave yiduals
My oar SEC Q. ANY person o. association of p
-, astahhs an Offices Of discount, deposit