Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-01-31
AN ACT
To wind mp and sesfIe the business of
= fine Rank Of Tennessee.

AN ACT
To wind mn and settle the rsusipes~ n,
- -. s''' VI
- fhe hank OF Eennessea-
SECTION l. Be Il enacted byfke General A.se,s.
blv Of tke State Of Tennessee, That the Bank q
Tennessee shall no longer carry on or do bankine
business. and shall be, and is hereby placed in li-
quotation and its business and afairs shall be set
tied at as early day as practical and for this
purpose and end the Governor Of the State m II
nominate to the Senate for its continuation 4
President and FIVE Directors. who. when confirm.
ed. shall be qualified and take charge and custo-
DIV of said bank and all It's assets propertv books
and papers of every kind: hail have hover ~ an,
point Cashier and other such officers agents and
attorneys as are necessary ard proper: prescribe
and pay sneh salaries for the President, Cashier,
able under the superyision. and with the consent
and approval Of the Governor: take bond and Sc
curity from said officers in such sums as shall be
proper for the faithful performances Of their du--
tics and shall have power 10 do any other acts
necessary and proper TO accomplish he object ~
this Act.
SEC 2 Thatthe President and Directors afore-
said, may have possession Of the banking house
at Nashville as n place Of business and for fhe
purpose Of keeping safely the assets, books. pa
pers and property Of said bank Including The
branches and shall make ont snd fie with The
Govornor a eomplete schedule ri ali The Assets
and Of all debts due 10 or by said bank and branch
es and OF All properly of said bark and branches
az every s fhat ssid pras;5ant and n;racsar
take stems and nroeeed yVith ali d;snatch in ,be
COLLECTION az the dehfs dne ia Nv nv sa;S hsnL and
branches, and receive in payment the United
States curreney.-or notes OF ths said Bank of
Tennessee which were sssued nrevions 10 the eth
day OF March 1851 and sfndiouslv refusing and
excluding all issues afferfhat date as utterly void:
come in possession. shall be cancelled with ham
mer. and filed away. and kent far insnertion
SIC 3. That all property found among the as
sets and property az the hank helong;ne 10 otho-
persons such ms special deposits ofiewelrv honSs
notes and nackaees of naners ~ xal,,e ,yyien ,be
same has value OF pecuniary nature. NAV on full
be delivered over 10 such owne5. nroyided aid
owner Is not indebted 10 the bank or on naymcnt
of ali demands and claims due said banf MN +"
each case such applicant and claimant shall 6Ie
oath that he Is not indebted Ia said han[ and
II proper In the iudgment al the preq;de,,s and
Cashier shall give bond of indemnity with see,,r;
ty and n list of such proDerty with names Of fhe
owners. shall be made and also fled wifh the
(sovernor
SIC. 4. That the funds now in custody Of the
Governor Secretary of State and ComntrolIer IN
the form Of and known as limited STATE Sersn ~
thirty bonds or securities. invested hinder an az
OF The General Assembly. and amounfine "a he
sum Of six hundred and eighteen thousand, two
thereof accrued and aecruinr. and declared az
part of the perpetual school fund. by An act Of
as common school fund md shall never II ~ nyu
ished as far as this Legisafnre has the r;ght and
power 10 make such disposition and sneb an anu anu
preparation Of said fund.
c.. u. ITeflupnt Directors h.
mt deav and af early dsv az nrscticahIs VIII III
disnafch cause mn assSnnenf ana desds 81 tst
az ali The assets ~ sa;d harL anJ L-a,.o,, a. vi
pronertv of iii kinds real nersonsi and niire an
also inciudne the funds above descriheJ ~ S5;le
30 and ali interest thereof acced or y.
IN no mrde and erecuted in ibe name al ~ Lee''
half az thc Hank Of Tennessee and uraer IL senJ
for the uses andin trust. as follows toNwit. said
fund Of in hundred and eighteen thonsana tsro
hundred and ffty doiiars shnll he ess;sned W. X,
trust. and transferred to replace reimhnrse and
make good SO much OF the common school fnnd
md "a remain and be held sar sa;d n,,rnnse
and no other whatever as n nrefa-ro5 aiRa G;Ss'
In fnll Secondly ali fhe assets 81 aS'a-S 49, I'll
and deseription All Of its nranerty ~ sa;J
hank and rs branchr. resl nerson.i a,d
mixed inclpding the shave dsscr;hnJ T,n5 ~, 70
$6ls go United States hands and secnr;tiss G,ba
latter fund bowevcr he;nS erst snLiant - N .ho
eonmon- school fnnd ss nsov;dcd SarSs sIas NV
shall he assigned transferred and cnnvsva3 fy
H. pses and In rnst fy eii he " NV. ~ ~, ~
Of said hank eonaIlv and nr1 ram y;s;isntix, al
s,uaio,siv ind;n. al ani; ~ is '.nI
ali kind az date affer he an 5sy ~ WaS, issI ~
rs ahsolntelv nnll md void That he eel $500
he sold ON credit ~ ons two snd thraa $500
with interest from date reta;nine lien hon ali
good security being reauired ''e" "O''"' "'"
Src 4 That the At,nr,,.,. Z, o,o-.i ~ a. ca.