White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1861-09-26

ing and selling gold and silver bullion, foreign
coin and foreign and inland bills OF exchange,
BY loaning money and personal secunuee, ana
By exsreisiog such incidental powers as may De
nscessary to carry oneuch business; may choose
one Of their number a. president ana appoint
Q caGhiee and such other officers - their ossi'
ness may require, and to remove such PRESIDENT
cashier, o6lcers, and agents at pleasure, ana 70
appoint Others in their places; but no sucn $50
citation or banker shall commence the business
Of banking under this act, until such aseocis-
t;ou or banker shall have deposited Win me
Auditor Of State the securities required ey snis
act.
SEC. Is. The shares In such bank shall De
deemed personal property, and shall De trans
ferable On the books of the bank in sucn man
ner - may be agreed upon in the article organ
txing such bank, and every person becoming
stakeholder therein, shall in proportion 70 Dis
interest," succeed to all the rights and be SUBJECT
to all the liabilities Of prior shareholder or snare
holders; no change shall be made in the arn'
cles organizing such Q bank, whereby the
rights, remedies or securities OF exissing credi-
tors shall be in any manner impaired, and any
association constructing such bank snail NOT DC .
dissolved by the death or insanity OF any one Oh
the shareholders therein.
DEC. "a. II the maker OF maAss y, ~ 80
circulating note or notes, coun'ersnsh - re,
astereo as Aforesaid SNAIL .. an' a hnn-s of
on lawful demand curing .ne usue =. no,ss
eusiness' NJ .ne place ~neie sus" ~ ~ -.dsem
10 OF are made payable, iaii VI reiu g ~ =
such note or notes. IN the iA"'u, inoh! 80 w. ..
oniseo StaIes' tne n9iaes " ..,se the
notes making sucn oemanu may ."ss
came 70 be protested, LOT non-Pay Nv
tary public under bis omciai scar wv sn 10,
kee or makers OF SUCH note OF no.es sa.n ~ ~
De liable Tor the expense Oh ~ P'o. .a'a. ~ 20
same, unless on sucn oem.uo suI III c,.s =.
redeem the same ne Ut my qua. -
waive protest ano nosice VI p'o.ee' - !.
such waiver Oh protest spaii; III :"
deemed equivalent 70 tue rese'A' p'O'.S
and such notary shall, on protesting .ne SAME
forthwith forward notce Oh sucu pro'eeo sne
ditor OF state; the notary naklns s. .S ",hs. .
shall certify IN his notice o. proves ne ~
Of notes on which SAID paying was ,eiuse' anS
describe them 6y their numbers anu ie en.. ~. =,
shall also certify 70 the sgsresae a n.os;H;no
said notes; the Auditor OF State On receN,us
and fling in his office such protest, I0eetner
with such note or notes As aioresaio' snaii los'u
with give notice, in writing, 70 tne makerol ins,
kers of such note or notes to pay tue samei anc
il they shall omit TO do 30 Tor twenty oays ~
ter such notice, the Auditor snail im%eula.eiy
tberupon, unless he shall De sausneo 'hcre
good and legal defense against tne aymeus "
such pote CT notes, give notice tna' al 'ne eir
culating notes OF such person OF associSuoa y,
persons and countersigned ana reglstereu ..
Aforesaid, will be redeemed out Vi s.e Hus'
funds IN his hands Tor tnat purpose, WHICH NJ =.
tice shall be given by publishing the same IN
some newspaper printed IN the Eounty "ue.e
the business OF such bank Is sstaolsnee' anu ~
some newspaper printed at the seat OF govern
ment Of this State; and the AUDITOR OF state
shall be required to apply the SAID trust iuno'
belonging TO the maker or makers OF sucn pto
tested note or notes, to the payment Oh al cie
cuiating notes, whether protesteo UT no'' Pus u
circulation by the maker or makers OF sucn pro
Vested note or notes, pursuant 70 the prosis'ou'
OF this act, and TO adopt sucn measures iot tu'
payment OF such notes as VIII, IN us EPiniou
most efectually prevent loss to the hoiaer o.
such notes; and, to this end, the Aooioor o
State may, alter the expiration OF saio ."ent'
days, and after giving thirty DAYS no,ice oy pun
lieation in newspaper printed at tne seat
government of this State and in DAILY news
paper printed in the city Of New iork, procee'
TO cell, at the merchants nacnAnse, III .ue .;s!
OF New York, at puohc auction' 'ne secar'ue
SO pledged, and, OUT oil tne psoceeas III. ~ suc.
sale shall pay pro rata and cancer all o'is ant
notes which have been issued ahd Put IN CIT. IT,;
lation by such bank under the provisions oi I'M
act; but nothing IN TINS act contained sha', y
considered as implying any piedse ON .h1 par
of this State, tor the payment OF sucn o,ils
notes beyond the proper appiication o' me sc
curities piedSed 70 the AUDITOR oi o'a'e i'f '"e'
seeSmp,ien sn., han. or ba,li,. association,