White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1861-10-17

ing and selling gold and silver bullion. foreign
coin and foreign and inland bills Of exchange,
by loaning money aud personal securities, and
by exercising such incidental powers as may De
necessary TO carry on such business; may choose
one of their number as president and appoint
a cashier and such other officers rs their ousi-
ness may require, and TO remove such president.
cashier, officers, and agents at pleasure, and 70
appoint others in their places; but no such asso-
citation or banker shall commence the business
of banking under this act, until such associs-
ton or banker shall have deposited with the
Auditor of State the securities required BY this
act. sssn..gs =
SEC. IL. The shares in such bank shall be
deemed personal property, and shall be trans
ferable on the books of the bank in such man
ner ~ may be agreed upon in the article organ
izing such bank, and every person becoming q
stockholder therein, shall in proportion TO bis
interest, succeed to all the rights and be subject
to all the liabilities of prior shareholder or share
holders; no change shall be made in the arti-
cles organizing such bank, whereby the
rights, remedies or securities Of existing crcd-
tors shall be in any manner impaired, and any
association constructing such bank shall not be
dissolved by the death or insanity OF any one OF
the shareholders therein.
SEC IA. If the maker or makers of any such
circulating note or notes. countersigned and reg
istered as Aforesaid shall. at any time hereafter
ON lawful demand. during the usual hours of
business. at the Mace where such note or notes
is or are made payable, fail or refuse to redeem
such note or notes. in the lawful money of the
United States, the holders of such note or
notes making such demand may cause the
.ame TO be pro.ested. for non. pa yment, by no.
tary public under his Official seal, but the ma
ker or makers of such note or notes shall not
be liable for the expense of 80 protesting the
s,me- nnless nm sncb demand and refusal 80 to
redeem the same. he or they shall refuse to
valve protest and notice of protest thereon, and
such waiver of protest shall, in all cases be
deemed equivalent In the regular protest thereof;
and such notary shall. on protesting the same,
forthwith forward notice of such prote stto the Au-
ditor of State. the notary making such protest
shall certify in his notice of protest the number
of notes on which said payine was refused, and
describe them by their numbers and letters, and
shall also certify TO the aggregate amount of
said notes; the Auditor of State on receiving
and filing in his office such protest, together
with sncb not. or mites as aforesaid. shall forth
with give notice. in writing to the maker OF ma
a. neIS VI SUCH no.e vi n"'es " pay ". a.e
II tney shai! omit W 10 80 ior umeny ua!s
yer sucn ho.lee, me AuIt s saa,e ,Lora ~
cond and legal defense AGAINST the payment of
such note or notes, give notice that ali the cir
cuIatine notes of such person or association of
nersons and COMMISSIONED and registered as
Aforesaid will he redeemed out of the trust
f,pd, in b;s hands for that nurnose. which no.
t;cs sba;l h. o;ven Nv nuh,;sh;no The same in
tlce shaii DC gwen Dy Puons,nnS "e s"A'I ~
-. n:NsPaPer Prln'eu ~. vi. SI"L III ~
tue business Oh sucn oanA - es'aonsnI s Hnu ~
some newspaPe. printeu q. 'ne sea. VI e..
ment oI 'his otate' anu 'ne nu.'ot VI c "se
snali pc reau,lec 70 apply .ne san sn"i 'u n.o
belonging W .ne maker VI waAee VI ssen P.o
testea note OF hotes, 70 tne payment y, All cia-
caiaGng notes, whetner ptotestea W no', Pu. ~
clrcuiahon oy tne maker OF msAe aa =. suoa pio
.es.ee ho.e OF notes, Pu.suans :" .ue p'V..''vns
OF TINS act, ana TO adopt sucn measures Iot tne
Paymen. VI such no'cs as wiz, ~ niI yp'ui'ns
,noS' enectuaiy preSent ioss W 'ne uoseI y. VI
S s.on no'e' anu, " tn: e.u, .Ie a;S 49,. y.
Ss"se may, aiter .ne eAP.raHon VI ss'u "en9
nsys, anu ai.er giving 'nlr!y oays noIee " pun
ne"'ioh III newspaper Priu.e. Nv s"y eeos Vi
government .! 'nls o:a.e anu IN . uay ne"s
paPeI Pi,n. .s ~ shs cny VI we" M, p.oes.u
70 sSn, a. .ne Mercua.' E.cnans' III me o.y
VI Eex iork, az PUBIC AUCTION, .ne sec9tl.l es
~ peuseu' auu, ous VI she piy' &c, ,: ~ ouos
s",e sna. pay pro rata anu cancer a.. pii's anu
no:es Snion hase ueeu ,Seu1u anu ~. ~ SIs
la.ion py suci oank unoer the Pio.IslohS VI 'u's
acsi Sus no'n'is ~ WIS ac' Sossaiou susn ue
cCnsiaereu as Implying any Peage On tng part
ol .his otate' LOT Tue Paymen. .! sucu DhIs or
no'.s ueyvn. Me pvpel aHpSn e
redemn,;on - :, = -.
SEC is Sueb hank or banking association
sh.II n. E.bl. 20 90, d. hoId.- nf oyo,v h;Il ~