Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-12-23
Approved Nov. %, 1864.
10 passage

four OF the general statutes, relating Il
:he sale of intoxicating drinks.
Il is hereby enacted, &c.
Sec. |. That whenever any agent ap
pointed under section four of cbapte
ninety four Of the general statutes, shall
procure and sell any intoxicating liquor
in the town for which he has been APP
pointed agent, withou, first having enter
I'd into a contract with the select men o
said town, az to compensation for BIZ
services, shall be liable to all the penal
ties as are provided for the offenses of I
common seller under said chapter.
Sec. 2. This act shall take tffec
from it's passage.
Approved, Nov. %, 1864.
An Act in relation to banks surrenderin9
their charters upon becoming banking
associations under the laws Of the Uni.
ted States.
I, is hereby enacted, DC.
Sec. 1. ANY bank Incorporated or
organized by authority OF the state OF
Vermont, which shall become an associ-
alton for carrying On the business OF
banking under the laws Of the United
States, shall be deemed to have surren
dered iis charter, If ii shall have complied
with the requirements of this act pro-
psded, that every such bank shall never
Cd :less be continued body corporate for
tie term Of three years after The time Of
ouch surrender, for the purpose of pros
scouting and defending suits by and
against il, and Of enabling it to close its
concerns, and to dispose Of and convey
its property, but not for the purpose Of
continuing, under the laws Of this state,
tho business for which it was established.
Sec. 2. When bank, at a meeting
Of Its stockholders, has voted to become
such association, and its directors have
procured the written consent Of the own
ers Of two thirds of the capital stock to
make the certificate required therefor by
the lass Of the United States, the cashier
shall publish notice thereof for thirty
days in such newspapers as may be pub
lishcd in the county where the bank 10
located, not 10 exceed Two in number,
and send like printed notice BY mail to
each stakeholder; provided, no stockhol-
der shall be compelled to take bis share
of stock 10 such bank formed under the
provisions OF section one but if such
stakeholder declines to enter into such
association, he shall be paid the value oI
bis stock by the new organization, the
amount of such stock and the value to bf
determined by an appraisal by the bani
commissioner, as il was on the day Of the
vote Of such stockholders 10 surrender
their charter.
Sec. 8. 1t shall be the duty Of tn
bank commissioner, during the time o
bis annual examination, and al any 9th
et time in his discretion, to examine al
banks who may reorganize under tht
provision of this act, until the entire cir
cula.ion issued by such association as
state bank, shall have been redeemed ant
destroyed, SO far rs to enable said COM
missioner to certify in his annual repor
that said bank ha. given good and sufli
eient bonds for all his liabilities, and hoy
many and what amount of bills are il
circulation, OF the issue OF the bank Will,
organized as state bank.
Sec. 4. Such bank shall give bone
TO The treasurer Of the state Of Vermont
subject to the satisfaction and approva
Of the bank commissioner for the full
and promp, redemption on demand, o al
the bills of the bank issued before becom
ing such association. The bond to b,
changed or reduced from time to time. az
The bills Of the bank may be destroyed
by consent Of the bank commissioner.
Sec. 8. When bank furnishes to tht
bank commissioner satisfactory evidenc,
by the oath of its officers, that all the re
quirements Of this act have been compile
with in relation to such bank, and that i
has become banking association under
the laws of the United States, the com.
missioner shall notify the facts TO the
Governor, who shall cause notice thereof
TO be published 10 some newspaper pub.
lished in the county where such bank il
located, for three successive weeks, and
the charter Of the bank shall thereupon
be deemed to be surrendered, subject 10
the provisions Of this act,
Sec. 6. Nothing lie this act shall be
sopstrued ~ rsiessias such state sspi