The Smoky Hill and Republican union. [volume] (Junction City, Kan.) 1861-1864, 1861-11-07

association of persons organized under the
provisions Of this ACT, by his or their articles of
association, 10 provide Tor an increase OF their
| cap;tal stock and Of the numbers Of such ASSOC
citation, from time TO time, as. they may think
proper. ,4-...<.l- -
SEC. lS. Contracts made by any bank or
h,nkiup associations established under the pro-
visions of this act, snd al hotesor bills issued
and put in, circulation as money. shall be
signed by the president and cashier thereof,
and all suits, actions and proceedings brought
or prosecuted 10y and in behalf Of such bank or
banking association, shall be brought and
! prosecuted in the corporate name mentioned in
! the certificate made anu nieu Us nefe'noeAoie
required.
1 SEC. 10 1t shall be lawful for such bank OF
banking association to purchase, hold and con
vey real estate, for the following purposes
First Such as shall be necessary for its ime
Mediate accommodation in the convenient tran
| saction of Its business. Second, Such az shall
be mortgaged to it in good faith by way of
| security for loans made by, or money due to,
such bank. Third, Such as shall be conveyed
4 to it in satisfaction Of debts previously con-
tracted in the course of its dealings Fourth,
Such as it shall acquire by sale on execution
or decree of any court in its favor The said
bank shall not purchase, hold or convey real
estate in any other case, or for any other pur
Ipose whatever: and all conveyances of such
1 real estate shall be made to the corporations,
and which real estate the president and cashier
may sell assign, grant or convey, under the
direction of the association, free from any
claim the reon in favor of or against the share-
holders or any person claiming under them.
SEC. 20. The president and cashier of every
bank formed pursuant to the provisions of this
| LII oil rir,ou EooF, a frf1o nd %
list of the names of all the shareholders of
such bank, with the amount of stock held by
| each the times OF transfer and to whom trans
! ferred and shall file copy of such list In the
office of the register of deeds of the county
| wherein such bank may be 10 Gated, and, also,
| in the office of the Auditor of State, on the
first Monday in January and July in each
year. and the stockholders in each bank shall
be individually liable in amount equal to dOu-
bic the amount of stock owned by them, for all
the debts of such bank, and such individual
liability shall continue for enc year after any
transfer or sale of stock by any stakeholder or
stockholders.
| SEC. 81 In the event of the insolvency Of
any bank established under the provisions OF
| this act the billholders thereof shall be emit
tied to preference in payment over all other
creditors of such bank.
| SEC 90 1t shall not be lawful for any bank
formed under the provisions OF thi. act to
make any of its bills, or notes to be put in cir
culaton as money, payable at any other place
than the office where the business of the bank
is carried on and conducted, nor to issue of
the same at any other place, and said bills or
notes shall be made payable on demand and
| without interest.
Sec. % When the owner OF owners Of any
bank, DESTROYS Of relinquishing the banking
/ business, shall notify the State Auditor of such
intention, then, and i'll such case, it shall be
competent for said bank or bankers to redeem
| and deposit with the Auditor of state, from
| time to time, any amount of their circulating
notes which may have been issued to said
association, bank or bankers, in sums, how
ever, not less than one thousand dollars at an
one time, and to receive therefore and wit
draw an equal amount Of securities by them
deposited with the Auditor of State but no
bank shall continue to transact any business
whatever, further than what may be required
to close up after their capital stock, securities
| or circulation shall have been reduced to less
! than Twenty-Five thousand dollars, nor i'll any
case after two yea,s from the date of said
notice Of intention to relinquish and close up
| heir banking business, as aforesaid: and
whenever the retiring bank or bankers shall
| desire to Withdraw all the securities heretofore
| lodged with the Auditor Of State, they may do
so, by producing and filing with the Auditor Of
| State a certificate of deposit to his credit in
such bank as he shall approve of, an equal
amount with the circulating notes of such bank
| or banks then remaining unredeemed, and the
| Auditor of State, on being satisfied of such
deposits, and of the sufficiency thereof, shall
give up all the remaining securities heretofore
| deposited by such bank or bankers for the
redemption of the circulating notes issued.
! SEC. "a. Such banking association or bank:
er, after haying complied with the provisions
of the last preceding section, shall give notice,
| for two years, in some newspaper printed in
| the county where such bank shall have been
located, and in a paper printed at the seat of
government of this State, that all circulating
notes issued by such banking association or
| banker must be presented at the Auditor of
States Office, within two years from the date
OF such notice, or that the funds deposited for
| the redemption of the notes will be given up
| to the banking association or banker, and, on
! receiving satisfactory proof of the giving Of
such notice for the time aforesaid, the Auditor
| of State shall surrender to the order Of such
banking association or banker, any securities
which he may hold for the payment Of any
unredeeme1 notes of the said banking associa-
ton or bankers.
SEC. %. Any banking association or banker
wishing to withdraw any of the securities by
them deposited with the Auditor of State, may
do so by depositing an equal amount of the
circulating notes which may have been issued
to said association or banker by the Auditor
Of State, in sums OF net less than one thousand
dollars; Provided, That the amount of secu-
rites thus withdrawn by deposits Of said cir,
cuating notes, Shall not reduce the amount of
stock securities remaining in the hands of the
Auditor Of State, to less than twenty five
thousand dollars tA4 - 'sji925Io3 H
She 26. The securities to be deposited with