The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-07-17
the said corporation, the Presi-

the said corporation, the Presi-
dent, Vice-President, Secretary or
Treasurer being one, shall be a
quorum; and the said corporation,
at their annual meetings in Janu.
ary, shall have power to elect a
President, Vice-President, Secre-
tary and Treasurer, and twenty
Trustees, all Of which said officers
shall be sworn to the faithful per-
formance of their duties, and shall
hold their Offices and manage and
direct the affairs Of the said corpo-
ration until th cir successors shall
be duly elected and qualified.
SEC. Z. That the said corpora
tion are hereby vested with the
power of making bylaws and
regulations, for the more orderly
managing the business Of the cor
poration Provided, The same are
not repugnant to the Constitution
and laws Of this State.
Sec. s. That any two persons
herein named may call the first
meeting Of the corporation, by adj
vertising it in any tN Of the dai-
ly papers published in the City Of
Charleston.
SEC. 9. That the Treasurer Of
said corporation shall give bond
TO the satisfaction Of the Trustees,
for the faithful discharge Of the
duties Of his Office.
| Sec. 10. That the Treasurer of
said corporation shall, as soon as
may be, after the annual meeting
in January, publish in one or more
Of the daily papers Of the city of
Charleston, a statement Of the
coacerns Of the said corporation,
which statement shall specify the
following particulars, namely ::
Mum Der Of depositors, total amount
of deposits, amount invested in
bank stock, amount invested in
State or city stock, amount
invested in United States bonds
or stock, amount invested in
rail road stocks or bonds, loans on
mortgages Of real estate, loans on
mortgages Of real estate, loans on
notes secured by pledge Of stock:
amount Of cash on hand, total
| dividends for the year, annual ex-
pcnses of the corporation: all of
which shall be certified and sworn
to or affirmed by the Treasurer ;
and FIVE or more of the Trustees
of said corporation shall also GER
tify that tho same is correct, ee-
cording to the best of their knowl-
edge and belief. :.
SEC. II. That this Act shall be
deemed a public Act, and shall
continue in force until repealed.
Approved March 13, 1872.
AN ACT RELATING TO THE FINAN-
CIAL AGENT OF THE STATE OF
SOUTH CAROLINA, IN THE CITY OF
NEW YORK.
| SECTION l. Be it enacted by the
Senate and House Of Representa-
tives of the State Of South Carroll
ma, now met and sitting in Gene
raj Assembly, and by the authori,
ty Of the same:
That the Financial Board OF
this State is hereby authorized
and required forthwith to adjust
and settle the claims, demands and
accounts, and all or any matters
Of difference relating to the Finan-
cial Agent of this State, in the
City Of New York, and to receive
any balance which, on such ad,
justment, may be found to be
owing to this State by the said
Financial Agent, or for which said
Financial Agent may be, or be-
come, liable to this State; also
for all property Or effects belong.
! ing to this State, now in, or which
may hereafter come into, the pos
session of said Financial Agent, OF
any part OR parts thereof; and
upon the due payment and salts
faction, on the part of said Finan
cial Agent, of any demand arising
on such settlement Or adjustment
! to execute and deliver to him 8
full release and discharge for al
liability to this State by reason o:
any matter or thing done in the
course Of such Financial Agency
That said Financial Board shall
render a statement Of the settle
ment with the Financial Agency
to the Comptroller Of thi;
State thirty days prior to The
meeting of the next General AS
sembly.
| Sec. 2. That this Act shall take
effect Immediately.
Approved March 10, 1872.
.N Arm M TEroppop ATF Tur MAJ.