The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-06-19

name but it shall be sufficient if the defendants
be denominated creditors of the particular Bank
in behalf of which suit may be Instituted and
notice of the bill shall be published for the space
OF thirty days SO soon as it may be filed in at least
Hshed in the City of Raleigh; one in the city of
Charleston, s. C.; one in the city of Richmond,
Va. one & in the city of Baltimore, Md one in the
city OF Phlladelphia one in the city of New ork;
one in the city of Augusta Ga; in the city of
Montgomery, Ala; one in the city of N Orleans
and one in the city of Nashville, Tenn.
Sec. z. Be it further enacted, That any one of the
the Judges of the Supreme Court, or of the Su-
perior Courts of law and equity, shall have power
at his chambers, from time to time, to make any
such rules, orders or DEGREES may be necessary
or required for expediting the settlement of all
CONT OVERSEES between any Commissioner appoint
ed under this act, and other parties for the guild
ance and instruction of any commissioner in any
matter connected with the discharge of his duties
Tor the removal or appointment OF commission
er, or for the speedy execution of any of the
powers by this act conferred on court of equity.
Sec. 3. BE 1t further enacted, That the filing by
or on behalf of any Bank, of bill in the court of
equity, under the provisions of this act, SHALL
upon the appointment and qualification of COM
missioner hereunder, be deemed and taken to all
intents and purposes to be surrender by such
Bank of all the corporate rights and franchises
granted to such Bank; and all laws by virtue of
which any such Bank then exists a corporation
are hereby repealed, and such corporation shall
be thereupon dissolved, and all the effects and
consequences following or incident to the disso-
luton of corporation at common law shall ensue
thereon; and any statute law of this State to the
contrary notwithstanding. Provided hopever,
That the estate, property, and rights of action
vested in the commissioner, provided by this
act, shall not be in any way diverted or impaired
thereby, nor shall the rights of any creditor of
such Bank against such commissioner against
the estate or effects so vested in him, be thereby
impaired or in any way affected, and such com
missioner shall thereupon be considered as the
plaintiff in the pending proceedings; and, pro-
vided, further, that should there be any balance
remaining in the hands of any such commissioner
after the satisfaction of the claims of such credit
ors, the commissioner under the direction of the
court shall distribute and pay the same to and
among those who shall be justly entitled thereto
as having been stockholders or members of such
corporation at the time of its dissolution as afore
said, or their legal representatives.
Sec. 9. Be it further enacted, That all suits on
debts due the Banks contracted with branch
Bank shall be brought in the comfy where the
branch was established, and if brought in any
other county may be dismissed on motion.
Sec. 10. Be it further enacted That this act
shall be in force from and after its ratification.
Ratified the 18th day of March, 1861