New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-01-13

in accordance with the provisions this set discounting
bills notes and other evidences Of debit by receiving d-Ios
u.s. by buying and selling Id and silver billion foreign coins
and bills % exchange 10 The specified Ia their articles
ofassociaon for the pupo,er authorized by s act by )au-
money real aud security such oaus and cli-
counts % be a. such rate OF the pe3 may aTee,
or y cent early II othcwe specified end by cxercis.
1g such incidental powers shall BE- Necessary
such bune's TO choose one Of their number be President
such Association, to appoint Ca.heT and such other
officers aud agents their business may require and
move ,uch President CashcI officers and agents pleasure
and eppcint others In heir place
SIC H. The .hare u these Associations shall be pesopa
property and be transferable the books Of the Association
in so manner the 81 Laws eeo m,y prescribe aud
every pers heeoming shuieh'oe ~ .S Transfer shs In
of por sharehoders and change shall be made 10 the
Articles OF Association by which ibs ,ishts comedies or
psrro Such Asoca ion shall no, be dnsoedb by the death
OF insanity OF tue shareholders therein ,,,,
SEC. 49, Articles o. Association formed unael 'n SCI may
provide increase GiHnuon Of the capital aud shse
SEC 10 All contract. shall be signed by the President OF
VcePre ident and Cashier hereo aud al suits brought OF
pr secuted hal be IN the Of the Presdtn tn-feO ana
no such su action or proceeding shall abae by Of the
J.b resgnation or -moyal office Of such President
but NAV niuued and prosecuted according 10 uch Fn
In office who tha exercise the powers ENJOY the
rights. and d schsree the duties OF h. predecessor
~. No SHAREHOLDER OF any ASSOCIATION formed udf,
the provisions Of this act end OF .'sug Associs ms ""
sbe nvsi themselves Of It's provisoL .hai De eOe IN ~
individual capacity for any conac' debt or Yrnept Oh
such Association unless tue articles oy Am ssutd sn@ 'S
clare that shareholders shall be 20 liable
SEC a. All persons having demand, sgain any such Aso'
which suits or actions shall sbae by reason OF The death
resisns,on or removal from office Of such PresidH nut may
be aud pfosec tied Judmebt asanst M sccessO
and all JUDGMENTS aud DEGREES obtained % re'reiso esa
snc PRECEDENT for a!y d. b liability 81 Sch hsocaiion
shalt bs enforced only against We l'Iht plpe! vi wv
citation, aud which property sha lie ha9t 30 DC 'aAeh au
sold By execution under such Judgment OF decree.
Spc2l II shall e u for such ssociaon to purchase,
hold aud Convoy real e,sle .or the foow!u pup poses;
Such may be necessary Tor the Transaction oil Its
Scpond: Such as shall be morigagsd /, 10 good f,ith.
TAnd: Such may be conveyed to it in 'a'action Of
debts.
ecree or mortgages held by such ssocton and the Pre'
dent aal time to time sell assign AID
convey the same free hom any cam thereon against any
shareholder or sny person clan ing under them.
SIZE % Al Conveyance Of such reel estate ha be mace 20
the Pre- ,idrn uch other officer a. shall be dedicated Tor He
purpose IN the sTtel., Of sssocisrion.
SIC = pom plicron being msde by cry creditor or
shareholder Tho SECRETARY Of tie Treasury msy cause a. rN
ann at, t. b. made the affairs o. any Association or
egulod der his snd upon repor beng made 10 hin
thereon csn,e esi procee5ins,i to be Instituted 'sl1t
Association Dissolve it, oigri1fion erd sett. up ~
aasr. hrorg Receiver in usual form under the laws 4
SIC q II aiy portion Of the original capital Of such $50
cia'ion hs be Withdrawn for an, pup "hsrY.r ne
or rot,s on M share, Of tie capital stack of the As.oci0n
s be- Thereafter mate Until the deficit 81 capital shall have
teon 1ade good either 10y 'ubscpion Of the slneAode' of
ont Of the su1s,q iru'y sccruns Profits
SIC TO- The ire and Cashier Of every Assocsi y
oied under aud by vrine Of the provision. 10 t oct sh
a, o., tine. Keep tue ard correc, st Of The name. o. thu
holders such Assocti1D IN the oce "fee their DO j.
sud such lit shs be- subject the 1spec
lion Of IN the shirbed and siitofs u the Association
duu ordinary hours n bu.ine. Of each day wten ba
ness NAV De leethy tYGn.ac''d
SIC = any Bspk or Baking Association existing under
tic laws Of any sy, by acsriioate duly eAecuted ~
PINCH officer. and verified by biz a'h and approved by
nsior, 81 IT. Directors and dolly 81 ~ the Office Of the
Srco'ly Of the Treasury become Bans OF Banking Also
citation under the lD'hoty Of the pfe,snt set with all Tie
po,r. thrrn committed to Backs Association.
bat 40 s.ch Bank ~ Banking Association. nor any Banking
Association formed under this set sus ssue promise to
paw colo - any other thing be used currency pt In
conformity with the tue intent and meaning Of this act
This act, il will be SEEM creates three or four sire
cures and abrogates tie usury laws Of the States.
We think it very doubtful if any banks would he
formed under it ii adopted unless for the purpose OF
taking advantage Of this liberty to shave without re-
strctions.
TIE coupons of the Scioto County Ohio bonds
are paid by hesrs Thompson Brothers.