Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-02-14

l
Bills. passed their hrst reading.
To amend the charter Of the South Carolina.
Tennessee and Kentaoky Railroad Company.
pesn sers es e. sas s'
70 change the line between the counties OF cof-
fee and Franklin. H II
| To relieve the Franklin and Lewisburg Turn
| pike Company.
: To amend The charter of the Knoxville and
/ 70 encourage the Iron Manufacturing.
To incorporate the Citizens Gas Light Compa-
ny:
| Requiring Insurance Companies 10 deposit Ger
/ tain indemnities in certtin banks
Families,
60 incorporate the Unionville Femsle Academy.
| ton.
TO amend an act passed February Is. 1850. to
regulate and pay cut the railroad taxes Of Mont
TO amend the charter Of the Mobile and Ohio
Railroad.
To amend the charter of the Easleville and sa-
TO amend the charter Of the Eaeleviile and
Chapel Hill Turnpike.
10 incorporate the Unionville Male Academy.
To change the line between Hawkins and Han
To incorporate the Nashville and Woodland
For the relief Of The Nashville and Decatur
Railroad.
To incorporate the Central Fire Insurance Com
70 amend the Charter Ofthe White Creek Turn
pike
! To incorporate the New Orleans ard Ohio Rail-
road Company.
in functional townships. four south range east Of
the basis line IN tie 0ccee District IN Pike county
Passed first reading.
Senate bill, commonly known as the school blu.
was taken up and passed its third reading.
Senate bill 10 amend the Enrolment Laws Of
the State, was rejected. 40
Senate bill to authorize the Nashville and
Northwestern Railroad TO constructa branch road.
Passed third reading.
In tie House Mr. Elliott from the Committee
IN D e Of al
bills on the subject was adopted and passed its
second reading.
being the order Of the day was taken up on its
third reading. After the reading Of all the Sec
tons, the preyicas question was put, and the bill
passed its third reading by ayes IS. noes Is. The
Section j. Be Il enacted by the General Assem-
bly, of the State Of Tennessee, That the Bank Of
Tennessee shall ne longer carry on or DO banking
liquidation. and its business and affairs shall be
settled az as early day as practicable, and for
this purpose and end, the Governor OF the state
six directors, who. when confirmed. shall be quail
tied and elect from their number President, and
take charge and custody of said bank, and all its
assets, property books, and papers Of every kind
shall have power 10 appoint cashier, and other
suck officers. agents. and attorneys. as are neces-
sary and proper; prescribe and pay such salaries
agents, as may be reasonable, under the super
vision. and with the consent and approval Of the
Governor; take bond and security from said off,
GERS, in such shall be proper for the faith
fol performance Of their duties and shall have
power to do any other acts necessary and proper
TO accomplish the object Of this act
said, may have possession of the banking house,
at Nashville, as a place Of business and for the
purpose Of keeping safely the assets, books, pa
branches, and shall make out and file with the
Governor, complete schedule Of all the assets,
and Of all debts due to or by said bank and
branches Of every kind. That said President and
Directors take steps, and proceed with all dis
patch in the collection Of the debts due TO said
bank and branches. and receive IN payment the
United States currency,--or notes of said Bank OF
Tennessee, which were issued prior 10 the 9th day
Of May, 1861, and studiously refusing and excud,,
issues signed By q. c. Torbett, also ali reissues
made after the 9th day Of May, 1851 by G. G. Tor
bett. or any Of the officers Of the principle Bank.
or any Of its branches as utterly void; and notes
Of the Bank Of Tennessee. which shall como in
possession, shall be cancelled with a hammer, and
filed away, and kept for inspection.
Sec. g. That all property found among the
assets, and property of the bank, belonging to
other persons such special deposites OF JeEelry
bonds, notes, packages of papers of value, when
mi mi and satsetory proof Of hs ownership there
Of be delivered over TO such owner. provided said
owner is not indebted 10 the bank, or on payment
case such applicant and claimant shall file an ati
davit, describing his property, and making oath
that he is not indebted to said bank. and hproper
in the Judgment of the President and Cashier,
list Of such property, with the names Of the own
ers, shall be made. and also filed with the Gov
ernor. -
Governor, Secretary of State, and Comptroller, IN
the form of, and known as United States seven
thirty bonds or securities, invested under an act
Of the General Assembly, and amounting 10 the
sum Of six hundred and eighteen thousand. two
hundred and fifty dollars, with all the intesest
thereof accrued and accruing, and declared as
part of the perpetual school fund, by an act OF this
General Assembly, shall continue 10 be held AS
common school fund, and shall never be dimln-
ished. provided by CHAPTER ii, section 10, OF the
Constitution of the State Of Tennessee.
Sec. L. That the President and Directors without
delay, and at Ms early day as practicable, cause
an assignment and deeds of trust of all the assets
kinds, real, personal and mixed. including the
funds above described Of 6lS go and all interest
thereof accrued OF accruing, 70 be made and exc
nessee and under its seal for the and trust as
follows First to secure the full sum OF 9l toOOuO,
the amount of the Common school Fund deposit
ed in the Bank of Tennessee, by acts OF the Legs
iature. which shall be preferred claim with inter
est accrued and accruing on said sum OF ,9O0ggv
since 9Th day Of May 1861. Which sum Of $6ls. ESQ
placed in the hands Of the Treasurerof the State
ST Tennessee as part of said Common School
Fund originally deposited in the Bank Of Tennes-
see. Secondly. That after said School Funds, as
above named, with interest, accrued or accruing
thereon since May 9th 1861 has been fully secured
TO the State as intended by this act the remainder
of all assets, real personal OF mixed shall be as
signed for distribution pro rata to make, hold and
all remaining and just creditors OF all KINDS
excluding all claims and demands of all kinds Of
date after 9th May. 1861, as absolutely null and
rof That q aff ~
one two and three years, with interest from date,
retaining lean bond. and approved security
and to be paid in United States Treasury Notes or
Sec. &. That the Attorney General of the State,
II Il become necessary in the opinion and judg-
menI Q, te mo- me e1 IN an. .e ~,
and without security, enjoin all creditors from
sueing said bank, and making all the creditors, as
cation in some public print in the city Of Nash
vile. parties and to others 70 the end tyst all in
terested therein may come in under one Decree
and equal justice be done 10 ALL
See. Z. That the President and Directors give
notice in some two more Of the public prints Of
the city Of NASHVILLE. ITO all whom IL may con-
eern" and g all persons % whom the money q
paid that is for services rendered officers there's
Of after the 9th day Of May, 1861, or for services
rendered 10 aid Of the rebellion civil or military
lion, OF for property Of any kind. on contracts
for articles OF any kind, furnished or 10 be fur
nlshed Tor the bcncht OF the rebell0n, autnQr-
titles Of the State of Tennessee, or the
so-called Confederacy. CT on any other illegal
contract or purpose and II the said money SO paid
out of the Bank OF Tennessee, or any Of It's
branches, be not refunded and returned within
thirty days. then said President and Directors shall
cause suit OF suits to be brought against all per-
nessee. or any Of its branches. and prosecute the
same to Judgment requiring Of its attorneys the
greatest diligence in its behalf
Sec. s. That the President and Directors hold
their Office for two years. or until their successors
are appointed, and make y report of the state and
condition of the bank to the Legislature. And
that this act take effect from and amer lis pas
sage.
The Franchise bill was taken up. but the House