, 1861-01-14


cs SECTION III, !. Ee It Eaastsa ~ ~ 1;@ph M Ms
Si1fs q lA!nots. Ttpressnte4 in tfneTd! 4stszh!y:
tl1sT. That chapter nIteen Of the Revised STINT
utcs Of 1915, be, nnd the same IL hereby repealed
ss,ing al hts sna q astloa
The same, and ali penalties ard liabilities that ma
have been incurred, 1, each, and all Of which, thB
g.
the same.
9Ecosp. That the following clauec. namely: ',of
denomination NOT less than dyo dellars," Of the
mental to and plana.ory OF ao act entitled I'd net
to establish q general syeicm Of Bank1rg. and to
ssncy," apntpvyI Fsbvua1y IL, lis. b. I'D tao
same Is hereby repealed.
THIRD, The ihl1d specification of the thirty
Nsa general system Of Ranking" pa>scd Febru-
agy l5 1851 shan be 70 construed as to require the
report 10 show the amount only, due by bills CT
nosss d,eounaSa; .fa 20 muen u tIs same a. Is
FouATH. The following clause II the end of sec.
tton twelve Of said act, to wit: Except such
jnd.msnts o. dcs ec* a. may ge = ostaiusa against
Is hereby repealed.
FlfTu, Al that part Of section thirty.eiGht Of
sai act. beginning with thu fourth paragraph, as
ard effects, Of any corporation" Iad cudin., viii
the words, 10 Wit: ITO the extent or amount Of
sucl. payment or collection" be aad Il c sa,ne il
cd q accrutug uudsz tue san,a,
6txru, That much uf tho third section Of m
scne. M sye,c Of ii E.nkin:. pass s. al Februurv l5,h.
Ia5l, mud the acts alncndatufy thetcuf," Improved
February H. 1851, ~ SLOWS ten days fur 1edcn1+
tion Of bills protested. be aud the same is hereby
SEC. :. Tia. the banks which now arc OF may
hereafter bo organizsd shal be required keep at
person designated ,o keep the same, bouls 10 the
anluutt u len per cent. auove the notes delivered
by the Auditor, to be put irto circulation. which
hereafter provided by law.
SEC. Whenever the amount Of the bonds 80
deposited ehall BE- diminished or they become do
plectated in yaluc in the New Yusk market. below
wEat they wcre deposited ut. md 70 conttnnc for
ten days, In citht1 case 1t shall bc the duty OF the
Bank Commissioners. or either Of them. to gtye
immediate Notice thereof to ine proper bank, y
additional b,Eds u tho United states Or the State
Of Illinois, Of lhn description required by this act,
make np The and 70 keep the bon On
deposit at all times equal to the said ten per cent.
SEC 6. II 81 b bank shall not within ton daya
after notice. rcstore such ten per cent. margin, by
delivering additional bonds, or the aurTeudar Of
bills notes. nfuresaid thsu hall be tho duty
Of the Auditor. forthwith. to put the dcfaultin:
sh witba dss esn pa1 lie
proceeds tu the LII holders and oter creditors,
now provided by law. Tho Auditor shall be allow
lien Of a.l exprnses.
SEC. 6. Tue provisions Of the sections z. 3, and
5shall not bo enforced against The banks now or
sanizea oefess the arst uAy of JAY, 1901.
Sgc. Z. After the passage Of this net. Tho bonds
Of the United States aud State Of Illinois, bcsEinc
Interest payable haltJearly, and no others, shall
he received On deposit, under tho hankdng Laws Of
this state.
SEC s. It shall be the duty Of each bank. now or
hereafter organized, ~ furnish the TREASURER at ali
times, wita new notss, ready tp be iAsued by the
Auditor In exchange for old or worn notes, and up
on cancellation Gf anJ such old ur worn notes by
tho Auditor. the Treasurer shall supply him With
Eks amount Of nsw ones; @ anu should any Bank iail
out not1ce, Immediately to esl sufficient bonds to
redeem hnch a. may be presented. Tho excess Of
such salo Ahnl be Deposited with The Treasurer.
and held fur tho same purjosc a. the bonds. The
Auditor shall teialu, A. his compensation, one and
4 half per cent. upon the amount 1edeemsd.
in the public newspaper IN Springfield. qua :terly,
the 1rst day Of Jsnuasy, april, July, and Ocsu-
bcr. statement showing what statcs' bonds are
then held by the Treasurer. for sach bank, with
then held, t. rethcr With the amCunt of notes is
sued to each. Tie expense of such publication
SEC, il. Whenever any bank, now or hereafter
orEaufzed shall appoint an ncunt for the rcdetup-
tion Of It's bills 1r notes, at t!me.t tpecied, Ut
either Of tho cities OF Chtcs.o or Snrurf1eli and
shall notify the Auditor thereof ard ot thn name
Of such tgept. 1t shall DO The du,y Of tho Auditor
to publish the .an,e ior ons mouth In the public
circuta,ion In tho city 20 desIgnatcd il Other than
Springfield, Il shali then BE- lawful for such banF
to rrfcaEn t4 at tho fftr r1nx3rustsd IN
the ]awful coius O. ihe I;nt,t Siafes. Al 7nts No,
rxcrcatng ouc.hatf II one ntr ceEt. Itscnunt. rnd
It rhal L: the duty OF such banE dnrinr ihe co,,.
tiucaucc Of sucl, a:,encr 10 reec ali hfifa or ofex
rronfef at snrh n1srs an main ri fnrfcitnre ~ ~
Charter nriviic"cs Enrh nrenrv shati not - - -
y1rrd mill aficr thirsy dnys n1t;ct thcrcnf III;
hovr hon nnhishfd in nt:w.ranrr N 1ha rttv -
snch orentv pror;J.T Tha, ri hant. .hsH " W
cen, rnrr hi],s or nnte. wi1hnnt disrnrn, - t,si
Swn rn1nfnrs ~ SAe44
~ ~ E|erv h,,,- ,rb,ch ..,,, se.,,ue,
,rcncv f,r The rrfann,;on II ~ hi,1s .na shm -
d...n :. 80 .fnrcestd st"n hore ,tirr ~ .9iatns
err r-ote.I hrfo-c r. si,I H. ,,t ~, oraa,t
E,r n6nns1n,c.t Of demands maar ~. rce,nn,ion
~ Its hc nfiicc ,nd r. H. h1fi W. ~ ~
a. ~ ~, .us 1ts ba Iotes co5aeea
r;,h ,He1ra 49, rcn, eteroa, ~, ~ ~ ~
tand s,i ruste n r,ssinT lie 5emnnd .Sd nro,ss
thirty aays atter suca protest, lien the satd hank
sha nns hs m, lain iinnfd,,tnr ~, Nv ..ronnt ~
anch nnn.nnvmcnt rrnri3ed that Ike 1,nristana ~
tis serifan .haII ndt srnI1fo cn.ns f,r ~ teTnr
ron msae nj s,teh nrrnrr AVA 'o3eA7F
SEc. Ia Protests Tor non.paymen. Of ;ts no.es
m flsmsra1 msr he mnffs hT xny NoIsrv p,hi,c n
rIis E,nse Prntr,ts IN nnn.nsymrnt II snrb hit,a
ar nates mar be Eaie OF nacEsrc. esut.ininr INV INV
,umhcr Of notes Of ono denominsttnn- and \ iex
c.iptiou Of Il b. the denomination and amount Of
ru;cs In such packages shall bc sp1c!ent dcscrio-
tIou. aud the Certificate Of such Nular5, with hl1
s,rnc Al s7ch tie and nlacr h,il Sc srfcient 81
d.nrn NJ = tjemand and rnfnsai 10 rrdcem. I:1or
~ v-a.antat3uu ~ .crh prosrsr ~ ~D-fs[t.