The Bridgeport evening farmer., 1913-04-19
An Act Concerning Incorporation O Banks and Trust Companies

Banks and Trust Companies
 Section 1. Nine or more persons may organize a state bank or trust company The persons organizing such company shall, under their hands and seals, execute and ac- knowledge an organization certificate in tripIicate, one of which shall, with in sixty days after it's acknowleds- ment, be filed in the office of the town clerk of the town wherein such bank or trust company Is to be locat- ed one of which shall be filed in the office of the bank ommiSsiOners, and one in the office of the secretary of the state. Such certificate shall state: The name of the corporati on, the place where it's prtn cipa1 office is to be located, the amount of its capi- tai stock, and the number of shares of the par value of not less than fifty dollars each into which the capital stock is to be divided; the name, res idence, and postoffice address of each member of the corporation, and that each member of the corporation will accept the responsibilities and faith fully discharge the duties of a di- rector therein, if elected to act as such, when authorized by the provis- ions of this act
 Sec. 2. The bylaws of any propos- ed bank or trust company organized under the provisions of this act shall be submitted to the bank commission CTS for approval and no bylaws shall be adopted unless the same shall be approved by the commissioners
 Sec. 3. The capital stock of any corporation organized under the pro visions of this act shall be as follows: In towns or cities containing less than fifteen thousand inhabitants there shall be issued stock of 8 par value of not less than fifty thousand dollars; in towns or cities of between fifteen and fifty thousand inhabitants there shall be issued stock of the par value of not less than one hundred thou sand dollars; and in cities of more than fifty thousand inhabitants there shall be issued stock of a par value of not less than two hundred thous- and dollars
 Sec. A. Before any organization certificate is filed, as authorized by the provisions of section one, a notice of intention to organize bank or a trust company shall be published at least once each week for three weeks in any newspaper, to be designated by the bank commissioners, published in the city or town where such bank or trust company is to be located, and in case no newspaper is published in such city or town notice shall be pub Iished in some newspaper published in the vicinity of such city town and having circulation therein. Such notice shall state the names of the incorporators, the name of the proposed corporation, and the loca ton of It's principal office, as stated in the organization certificate. If any state bank, savings bank, national bank, or trust company is then or ganized and doing business in such town or city a copy of such notice shall be sent to each of such corpo- rations at least fifteen days before the filing of the organization certifi- cate.
 Sec 5. Upon receipt of the organ ization certificate by the bank com missioners they shall make an order designating time and place for hearing thereon, and shall order that notice be given by publishing a copy of said certificate and order at least once each week for three weeks be fore said day of hearing, in the man ner provided In section four of this act relating to the publication of no tice of intention to organize, and by leaving a true and attested copy of said certificate and order with each national bank, savings bank, state bank, or trust company located and doing business in such city or town. At the time so designated said com missioners shall call in the treasurer of the state, who, with the bank com missioners, shall constitute the bank